Financial news

• Labour wants green energy to power most UK homes by 2030

  24-09-2018 23:00 via theguardian.com
  Party committed to reducing greenhouse gas emissions to zero by middle of the centuryAlmost all of Britain’s homes and businesses would be powered by wind, solar and nuclear power by 2030, under bold new green energy plans being outlined by Labour.Rebecca Long-Bailey, the shadow business secretary, will declare on Tuesday that the party is committed to reducing greenhouse gas emissions to zero by the middle of the century. The UK’s current goal is an 80% cut by 2050. Continue reading
  
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• John McDonnell is not offering workers real share ownership | Nils Pratley

  24-09-2018 20:21 via theguardian.com
  The cause is excellent but the shadow chancellor’s model is just too complicatedBig business has predictably grumbled about John McDonnell’s plan that every company with 250 or more employees should create an “inclusive ownership fund” that will eventually own 10% of the firm’s equity. But workers themselves may also have a few questions. One can understand the bald arithmetic that allows the shadow chancellor to say almost 11 million workers “could be £
  
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• How will a no-deal Brexit affect UK's travel and exports?

  24-09-2018 20:12 via theguardian.com
  Notices warn of grounded planes, extra border checks and costly food relabellingAviationBritish and European Union airlines will automatically lose the right to fly to each other’s territories if Britain leaves the bloc. The government says there could be disruption but it intends to give permission to EU flights to continue landing at British airports and expects the EU to reciprocate to protect against business and travel chaos. If there is no agreement, flights to the EU from Britain co
  
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• John McDonnell’s plan to tackle inequality should not scare off the bosses | Editorial

  24-09-2018 19:48 via theguardian.com
  John McDonnell’s proposals represent an attempt to deal with growing inequalities of wealth and power in Britain. They deserve to be heard
  John McDonnell’s speech at the Labour party conference was a radical one, with proposals aimed at responding to the concentration of wealth in Britain by doing more than just mitigating it. Mr McDonnell seeks to inhibit the capture of power by putting in place mechanisms that remove the ability of those who accumulate it at an alarming rate. The s
  
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• How would Labour plan to give workers 10% stake in big firms work?

  24-09-2018 19:07 via theguardian.com
  Party pledges shake-up but businesses call employee ownership scheme ‘draconian’ Labour has proposed giving workers a stake of 10% in large companies. Each member of staff in those firms would receive as much as £500 per year in the form of dividends from employee ownership schemes. This policy would be one of the most radical shake-ups for British business in living memory. Here is a guide to the proposal and its ramifications. Continue reading...
  
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• Bitcoin price TODAY: Bitcoin price to watch out for after 17 day highs

  24-09-2018 18:46 via feedproxy.google.com
  BITCOIN risks losing bullish bias after 17-day highs if prices close behind $6,600 say studies. Here’s what that means and why.
  
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• Estate agent demands £2,499 fee for couple’s home it DID NOT sell

  24-09-2018 17:18 via feedproxy.google.com
  When an older couple decided not to downsize after all and withdrew their home from sale, their bullying estate agent clobbered them with a £2,499 charge and instigated court proceedings.
  
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• Are US stock market highs justified, or is there a bubble? | Robert Shiller

  24-09-2018 16:19 via theguardian.com
  Massive earnings might reflect strength – but history suggests we should expect volatilityThe US stock market, as measured by the monthly real (inflation-adjusted) S&P Composite Index, or S&P 500, has increased 3.3-fold since its bottom in March 2009. This makes the US stock market the most expensive in the world, according to the cyclically adjusted price-to-earnings (CAPE) ratio that I have long advocated. Is the price increase justified, or are we witnessing a bubble?One might t
  
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• Sex toys top performer LOVEHONEY steps up overseas expansion

  24-09-2018 15:23 via feedproxy.google.com
  BRITISH online sex toys producer Lovehoney, renowned for such life-enhancing contributions as its rabbit vibrators and erotic Advent calendars, is to step up international expansion with major sales drives in the US, Europe and Australia.
  
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• The real Goldfinger: the London banker who broke the world – podcast

  24-09-2018 13:00 via theguardian.com
  The true story of how the City of London invented offshore banking – and set the rich freeRead the text version here Continue reading...
  
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• Can my ex-partner get a mortgage deal so she can stay in our house?

  24-09-2018 12:33 via theguardian.com
  She doesn’t have funds to buy me out and couldn’t afford to pay the whole mortgageQ My partner and I bought a house together as tenants in common with a four-year fixed-rate mortgage. The house was £370,000 and the deposit was £150,000 which I had inherited on my dad’s death, and which we agreed would be ringfenced as mine. My partner and I split up less than two years later, and I left and currently live with my brother. My ex-partner would like to stay in the hous
  
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• Next bucks trend with profits rise

  24-09-2018 12:26 via feedproxy.google.com
  HIGH street retailer Next is expected to report higher interim profit tomorrow, against a turbulent backdrop in the clothing retail sector.
  
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• eBay joins forces with city retailers

  24-09-2018 12:17 via feedproxy.google.com
  ONLINE giant eBay is launching a partnership with a city aimed at supporting local retailers and boosting the local economy.
  
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• Lloyds cuts nearly 4,000 jobs since being privatised

  24-09-2018 12:08 via feedproxy.google.com
  LLOYDS Banking Group has announced nearly 4,000 job cuts in the 18 months since the Government sold off its stake in the lender to take it fully private.
  
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• Pound euro exchange rate: GBP recovers as Raab rejects autumn general election

  24-09-2018 11:45 via feedproxy.google.com
  THE pound has risen by 0.4 per cent against the euro today, which has pushed the exchange rate up to €1.115.
  
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• Pound US dollar exchange rate: GBP edges higher after nosediving on Brexit fears

  24-09-2018 10:44 via feedproxy.google.com
  THE pound US dollar exchange rate is currently at around $1.310, up around 0.3 per cent from this morning’s starting levels.
  
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• Why am I being forced to use my mobile to contact John Lewis?

  24-09-2018 08:45 via theguardian.com
  I offered my landline number and email address, but was told that I will need a mobile numberI have a John Lewis Partnership Mastercard, and pay the balance over the phone. The last time I did this, I was asked for my mobile phone number. I have an older, un-smart phone for emergencies, and it is nearly always switched off. I offered John Lewis my landline number and email address, but was told that, from next year, I would be unable to use my Mastercard for online purchases unless I provided a
  
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• Brexit boost from Polish bank office

  24-09-2018 06:01 via feedproxy.google.com
  ONE of Poland’s largest bank has launched its first international office in London, with executives calling it a vote of confidence in the UK capital despite Brexit. Bank Pekao will serve corporate and investment banking customers from its new site in Mayfair, which officially opens today. While the lender does have retail banking operations back in Poland, the bank decided to scrap plans for the same model in London, and has also parked proposals for a digital bank offering.
  
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