Financial news

• How A No-Deal Brexit Will Likely Disrupt UK-EU Financial Ties - NPR

  23-08-2018 23:31
  How A No-Deal Brexit Will Likely Disrupt UK-EU Financial Ties
  NPR
  The British government has revealed its advice to businesses on how to prepare for the possibility of the U.K. leaving the European Union without an agreement on their future relationship. AUDIE CORNISH, HOST: Earlier today, the U.K. government gave ...en meer »
  
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• Fans forced to pay more as Eleven Sports and Amazon add to TV rights jumble | Martha Kelner

  23-08-2018 20:30
  Cost to supporters wanting to follow all the major football leagues rises as Sky and BT face growing competitionIf you had the time or indeed the inclination to watch every screened football match from the top tier of all the major European leagues this season, you would need to cough up more money than ever. It is no longer as simple as lazily switching on Sky Sports and seeing what matches might be on. Related: Eleven Sports: who is the new player in the battle for sport broadcast rights?Conti
  
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• Look, no beard: Goldman Sachs' Marcus subverts the fintech story | Patrick Collinson

  23-08-2018 20:15 via theguardian.com
  The latest bank promising savers better rates than high street lenders has an unlikely parentWe’ve seen the future of banking. Those fintechs clustered around London’s “Silicon roundabout”, such as Monzo (900,000 current account customers already) and Revolut (2 million customers since launch in 2015) have attracted smartphone-obsessed millennials with their digital prowess. But a new bank quietly launched on Thursday, called Marcus, turns the conventional fintech story u
  
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• BLT will survive no-deal Brexit – but it is likely to cost you more

  23-08-2018 19:50
  Brexit secretary foresees no bacon shortage but leading supplier warns of price riseThe government may be stockpiling medicines but the Brexit secretary, Dominic Raab, has promised consumers there will be no shortage of ingredients for the bacon, lettuce and tomato sandwich in the event the UK crashes out of the EU.But Britain’s leading bacon supplier, the owner of Danepak, warned that while there may not be shortages, the price of the BLT might go up as the vast majority of rashers come f
  
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• Tata Steel's UK arm suffers deepening core losses - Financial Times

  23-08-2018 19:12
  Financial Times
  Tata Steel's UK arm suffers deepening core losses
  Financial Times
  Tata Steel's UK arm suffered deepening core losses last year because of higher raw material prices, operational issues and the increased costs of carbon emissions. Britain's largest steelmaker reported an annual pre-tax loss of £222m before one-off ...
  
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• Saudi modernisation drive reflected in Aramco's faltering sale | Larry Elliott

  23-08-2018 18:05 via theguardian.com
  The oil-rich nation is aware of an urgent need to diversify, but it still has a long way to goOn 2 March 1938, Saudi Arabia was a largely nomadic society with a sideline in the tourism generated by pilgrimages to Mecca. The following day, oil was discovered at Dharam and the country’s prospects were transformed for ever.It took time for the full extent of Saudi Arabia’s crude reserves to become known, not least because in early 1938 the world had other things on its mind. But by the
  
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• Bitcoin price LIVE: SEC rejects nine bitcoin ETF applications - latest cryptocurrency news

  23-08-2018 16:50 via feedproxy.google.com
  BITCOIN lost $100 on the day as the Securities and Exchange Commission reject several exchange-traded fund applications. Here are all the latest news and live updates.
  
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• UK rent groups deliver petition calling for ban on unfair evictions

  23-08-2018 16:16
  Coalition of campaigners finds support across political spectrum for better rent deal Campaigners have delivered a petition with 50,000 signatures to the government calling for a ban on unfair evictions by private landlords.It came as polling showed even Conservative voters are strongly in favour of rent controls and greater protections for tenants.Continue reading...
  
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• Goldman Sachs opens retail bank Marcus in UK - Financial Times

  23-08-2018 14:50
  Financial Times
  Goldman Sachs opens retail bank Marcus in UK
  Financial Times
  Goldman Sachs' consumer bank will accept its first UK depositors from today, and is understood to be offering the highest interest rate in the country to entice new savers into the first international expansion of its new retail arm. The bank said in a ...en meer »
  
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• Bounced cheques, cancelled flights – why do we still fly Ryanair? | Matt Cooper

  23-08-2018 14:15
  The airline’s row with its pilots may be over – but its colourful chief executive needs to restore confidence in the companyRyanair and its chief executive, Michael O’Leary, got some good news on Thursday when, after extensive negotiations with trade unions representing the airline’s pilots in Ireland, a deal was struck that should, if approved by the pilots in a ballot, bring to an end the strikes that have disrupted its services across Europe this summer. Related: Ryana
  
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• Pound US dollar exchange rate: GBP close to recent highs against USD

  23-08-2018 13:41 via feedproxy.google.com
  THE pound is currently trading close to $1.290 to the US dollar, within touching distance of yesterday’s two-week high.
  
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• 'I resent the job-for-life notion': why everyone wants a side hustle

  23-08-2018 13:19
  Apparently, the age of the side hustle is upon us, but just what is it? And why should we care? Author of The Multi-Hyphen Method, Emma Gannon, explainsNow ubiquitous on either side of the Atlantic, the US term “side hustle” refers to a passion project that falls outside of your primary job. You probably knew that. You may even have one. According to Henley Business School, one in four Brits do. By 2030, they predict that figure will have risen to five. There are plenty of reasons so
  
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• No-deal Brexit: Britons in EU could lose access to UK bank accounts

  23-08-2018 13:11
  Warning comes in government ‘technical notices’ telling businesses and public how to prepare in event of no dealWhat the no deal advice papers say on medicines, banking and border tradeConsumers would face slower and more costly credit card payments when they buy EU products, and British citizens living abroad could lose access to payments from their bank accounts, in the event of a no-deal Brexit, the government has warned. Related: Brexit: Dominic Raab gives speech as no deal plann
  
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• Pound euro exchange rate: GBP edges lower against EUR to region of €1.112

  23-08-2018 12:30 via feedproxy.google.com
  The pound has edged slightly lower against the euro this morning and could extend losses in the near future. The pound euro exchange rate is currently trading in the region of €1.112.
  
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• Why did Royal Mail wipe our address from the map?

  23-08-2018 08:00
  We were told we weren’t on the electroral roll and were refused creditOur credit history was spotless until 2011 when Royal Mail, for no apparent reason, changed the address of our flat from “Flat 1/1, 2B” to “Flat 1, 2B” in its database. We only found out when, all of a sudden, we were refused credit. Our credit reports started showing we weren’t on the electoral roll (untrue) and had no credit history (also untrue). As a result, TV Licensing started to insis
  
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• Europe to ban halogen lightbulbs

  23-08-2018 07:00
  After nearly 60 years of lighting homes halogens will be replaced with more energy efficient LEDsAfter nearly 60 years of brightening our homes and streets, halogen lightbulbs will finally be banned across Europe on 1 September.The lights will dim gradually for halogen. Remaining stocks may still be sold, and capsules, linear and low voltage incandescents used in oven lights will be exempted. But a continent-wide switchover to light-emitting diodes (LEDs) is underway that will slash emissions an
  
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• No papering over dire year for Laura Ashley

  23-08-2018 03:45 via feedproxy.google.com
  LAURA ASHLEY’S annual profit was nearly wiped out as it fell victim to shoppers reining in spending on big-ticket furniture.
  
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