Financial news

• Inside the News Corp tribe: how powerful editors shape the news

  20-09-2018 20:00 via theguardian.com
  In the second part of our series, we examine how the media empire wields great influence at state level, where advisers say premiers seek to appease tabloidsPart one: A very Australian coupNews Corp has a distinctive culture – tribal, aggressive and centred around powerful editors – according to the accounts of former employees.Peter Fray, the former Sydney Morning Herald editor and former deputy editor at the Australian, describes the difference between the news organisations this w
  
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• The great crash of 2008: how a crisis went to waste – Politics Weekly podcast

  20-09-2018 18:41 via theguardian.com
  What lessons have been learned a decade on from the financial crisis?A decade on from the financial crisis and Britain is still counting the economic and political costs. Have lessons been learned? Culprits punished? Mistakes put right? Or are we doomed to repeat the great crash?Joining Heather Stewart is Adam Tooze, author of Crashed: How a Decade of Financial Crises Changed the World. Continue reading...
  
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• Barclays internet banking restored after technical problem

  20-09-2018 18:41 via theguardian.com
  Bank follows TSB in facing difficulties but normal service resumes after a few hoursMillions of Barclays customers were unable to access their accounts online for several hours after the bank became the latest high street lender to suffer a technical glitch.The problems emerged at 10.45am on Thursday and continued into the afternoon, although at just after 5pm the bank said normal service had resumed. Continue reading...
  
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• London only has one home on sale for £100,000 or less

  20-09-2018 17:37 via theguardian.com
  Studio would still require £20,000 deposit and mortgage of three times average salaryLondon has only one home listed for sale at £100,000 or less, as the capital’s housing crisis puts affordable homes out of reach.The property is a studio off a busy dual carriageway in Hornchurch, on the periphery of east London. It is one of several flats carved out of a former commercial building, measures 4.9m by 4.5m (15ft by 16ft) and has one door and two windows. Continue reading...
  
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• Kingfisher seeks retail repair job

  20-09-2018 16:49 via feedproxy.google.com
  SHARES in DIY giant Kingfisher hit a six-year low yesterday as half-year profits plunged. It also announced its supply-chain boss would step down halfway through overhauling its product ranges.
  
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• Rail chaos: key points on official review of Britain's network

  20-09-2018 15:55 via theguardian.com
  Former BA boss to chair expert examination of system after timetabling fiascoThe government is to commission a “sweeping” review of the British rail system in the wake of an error-strewn attempt to introduce new timetables this year. The announcement was made alongside a report by the rail regulator into the timetabling fiasco. Continue reading...
  
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• Like shopping 30 years ago: first Jack’s customers sample new store

  20-09-2018 14:23 via theguardian.com
  Tesco’s discount store sees feverish trade on opening day, but will the buzz keep shoppers away from Lidl and Aldi?Heavy rain and winds did not deter bargain-hungry shoppers on the opening day of Tesco’s new discount chain, Jack’s, with long queues to enter the store and the car park overflowing.At 10am on Thursday, the formal opening time, 150 people were waiting to enter the new supermarket in Chatteris, Cambridgeshire. The store is Tesco’s attempt to fend off the Germa
  
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• HSBC launches £12 billion loan fund for SMEs

  20-09-2018 13:13 via feedproxy.google.com
  HSBC has launched a new £12 billion UK-wide fund for growth-focussed SMEs. 
  
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• Leasehold law proposals condemned as 'window dressing'

  20-09-2018 12:27 via theguardian.com
  National Leasehold Campaign says proposals to help homeowners buy or extend leases do not go far enough A proposal to allow homeowners to buy or extend their lease more cheaply has been described as “window dressing” by the National Leasehold Campaign group.There are 4.2m leasehold properties in England, around half of which are on leases of under 80 years, leaving residents vulnerable to what critics say are rapacious demands from freeholders for lease extensions. Continue reading..
  
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• Pound euro exchange rate: GBP rises on retail sector resilience

  20-09-2018 12:06 via feedproxy.google.com
  THE pound has risen against the euro to an exchange rate of €1.128 today, thanks to better-than-expected retail sales data. Sales figures for August have remained positive across the board, showing continued growth when expectations had been for negative month-on-month readings.
  
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• I waited months for my John Lewis order – why didn’t I even get a refund?

  20-09-2018 08:00 via theguardian.com
  The restructuring of the chain’s home furnishings department seems to have ruined its customer serviceThe stairs in our new house were slippery so we ordered a carpet runner from John Lewis. That was in February. We did not hear for over two months, despite chasing. Eventually, it admitted it had mislaid the measurements but could not return to remeasure until the end of May. During the wait, I fell down the stairs and broke my foot. After new measurements were taken, we heard nothing unti
  
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• Danske bank chief resigns over €200bn money-laundering scandal

  20-09-2018 01:05 via theguardian.com
  Thomas Borgen admits most of £180bn that passed through Estonian branch was fraudulentThe boss of Denmark’s biggest bank has resigned after admitting that the vast majority of €200bn (£178bn) flowing through its Estonian branch was money-laundered cash flowing illegally out of Russia, the UK and the British Virgin Islands.“It is clear that Danske Bank has failed to live up to its responsibility in the case of possible money laundering in Estonia. I deeply regret this
  
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• 'No one took charge' – rail industry and DfT lambasted for chaos

  20-09-2018 01:01 via theguardian.com
  Mistakes by Govia, Northern and Network Rail led to collapsed services and missed chances to avoid disruptionA regulator’s report into the travel chaos that left thousands of passengers stranded earlier this year has criticised the rail industry, concluding that “nobody took charge” even when it became clear months before the biggest ever changes to UK timetables that the project was in serious trouble.In an interim report into the timetable debacle, the Office of Road and Rail
  
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• Labour pledges ban on TV gambling adverts during live sports

  20-09-2018 01:01 via theguardian.com
  Tom Watson announces a number of policies designed to tackle addiction ‘epidemic’ Gambling companies will be banned from advertising on television during live sports if Labour wins the next general election, as part of a crackdown designed to tackle an addiction “epidemic”.Labour’s deputy leader, Tom Watson, accused the government of letting the UK’s estimated 430,000 problem gamblers down, as he announced a number of policies that would tighten up betting reg
  
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