Financial news

• European markets fall after Italy's deficit-widening budget plans

  28-09-2018 18:59 via Business | The Guardian
  Proposals for 2019 put the country on a potential collision course with the EUFears that Italy is on a collision course with the EU over its spending plans triggered sharp falls in European markets after the new government in Rome unveiled a deficit-widening budget.The coalition of the Five Star Movement and the League announced 2019 budget plans late on Thursday that would push the deficit – the gap between income from taxes and expenditure – to three times the size of the spending
  
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• Pound euro exchange rate: GBP rises on Eurozone inflation rate upset

  28-09-2018 18:58 via Daily Express :: Finance Feed
  THE pound has traded higher against the euro today, with disappointing Eurozone inflation data enabling a GBP/EUR exchange rate rise. In the bigger picture, the pound is still trading at its best weekly exchange rate of €1.125 against the euro.
  
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• Tesla shares drop as analysts divided on Musk’s future with the company

  28-09-2018 18:40 via Business | The Guardian
  Share prices fell nearly 14% on Friday following a SEC suit accusing Musk of fraud and seeking to ban him from running a companyWhat is Tesla without Elon Musk? That was the question Wall Street was asking on Friday as the electric car company’s share price plummeted following news that the US’s top financial regulator was suing Musk for fraud and seeking to ban him from running a public company.For the billionaire entrepreneur, it was the latest self-inflicted wound from a series of
  
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• Unilever's bid to go Dutch far from assured as L&G joins rebels

  28-09-2018 18:32 via Business | The Guardian
  Latest resistance highlights a groundswell of protest against firm leaving British stock indexesUnilever’s plan to move its headquarters to Rotterdam enjoys “huge support” among shareholders, chairman Marijn Dekkers declared this week, trying to sound confident that he will win next month’s big vote, necessary for the relocation to go ahead. Three days later, he has another high-profile rebel on his hands. Legal & General Investment Management yesterday became the lat
  
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• Mulberry: how to sell British heritage to a global market

  28-09-2018 18:01 via Business | The Guardian
  At a presentation as part of Paris fashion week, the brand best known for its leather Alexa handbags set out its international vision Mulberry may have been absent from the London fashion week schedule last week, but that is not to say it is not on full showman form. Fresh from its sojourn to Seoul earlier this month, where it showed off its latest see-now, buy-now collection, the brand popped up in Paris on Wednesday. It’s all a part of its push “to show the brand in different count
  
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• Let’s move to Grange-over-Sands and Cartmel: ‘Ooh, Alan Bennett’

  28-09-2018 17:30 via Business | The Guardian
  An exotic destination for middle-aged elopersWhat’s going for it? Grange-over-Sands is the kind of spot namechecked in Victoria Wood sketches, Alan Bennett scripts or classic Coronation Street as the epitome of posh, the exotic destination for middle-aged elopers, with its hedonistic cocktail of hushed hotels, vigorous (but not overly so) rambling and restaurants with starched napkins and potted shrimps on the menu. It’s still a most pleasant place, if a little forgotten about. Wheth
  
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• Food supplier proposes vegetarian dishes in case of no-deal Brexit

  28-09-2018 17:05 via Business | The Guardian
  Bidfood UK may not be able to source meat for care homes, schools, prisons and hospitalsOne of Britain’s biggest food suppliers to pubs, prisons and royal palaces has held talks with customers over switching to vegetarian dishes to avoid meat shortages that could be triggered by a no-deal Brexit.Bidfood UK, which is the sole provider of food served in prisons and also supplies schools, hospitals and care homes, has approached customers about changing their menu choices as part of contingen
  
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• TSB, HSBC and Barclays customers hit by IT problems

  28-09-2018 17:01 via Business | The Guardian
  More technical failures leave people locked out of accounts on what is payday for millionsTSB, HSBC and Barclays have all reported problems with their apps or websites on Friday, locking customers out of their accounts on what was payday for millions.They were the latest in a string of technical failures that have beset Britain’s online banking services and came days after Nicky Morgan, the Tory MP who chairs the Treasury select committee, wrote to banks to demand answers and, possibly, co
  
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• Italy's budget drama – all you need to know

  28-09-2018 15:23 via Business | The Guardian
  The eurozone’s third biggest economy is heading for a clash with Brussels over deficit planThe financial markets are het up about events in Rome for three reasons. First, Italy is the third biggest economy in the eurozone after Germany and France. Second, its banking system is fragile after two decades in which the economy has posted precious little growth. And third, it has a new populist government – a coalition of the League and the Five Star Movement – with a radical agenda
  
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• Unilever's Dutch move faces further shareholder opposition

  28-09-2018 14:36 via Business | The Guardian
  Legal & General says it will vote against plan to shift HQ from UK to RotterdamUnilever’s plan to move its headquarters to the Netherlands has run into fresh problems after the company’s sixth-biggest shareholder said it would vote against the switch.Legal & General Investment Management (LGIM), which owns a near 2% stake in Unilever, is the fourth major shareholder to oppose the move. It follows Columbia Threadneedle, Aviva Investors and M&G in confirming it will attempt
  
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• UK government urged not to bury nuclear waste under national parks

  28-09-2018 14:18 via Business | The Guardian
  Conservation groups speak out as fears grow of Lake District being eyed as possible siteThe National Trust and 18 other conservation groups have urged ministers to rule out burying nuclear waste below national parks as fears grow that the Lake District is being eyed as a potential site.In January, the government restarted its attempt to find a community willing to host such a facility after a previous search collapsed five years ago. Ministers have refused to exclude national parks from the proc
  
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• Bitcoin price: Is a Bull Run imminent? Experts have their say

  28-09-2018 14:15 via Daily Express :: Finance Feed
  BITCOIN has seen a slump this year following the record highs of 2017, but is a rapid price hike imminent?
  
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• Homes for sale near parks – in pictures

  28-09-2018 14:12 via Business | The Guardian
  Take a stroll through these five properties, from London to Shropshire Continue reading...
  
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• Pound LIVE: GBP Sterling soars against euro as Italy sends panic through eurozone

  28-09-2018 13:49 via Daily Express :: Finance Feed
  THE POUND is making gains against the euro today after Italy passed plans to run a huge budget deficit, sending shockwaves through Europe. Market analysts are also predicting sterling will remain buoyant going into 2019, with investment bank ANZ downplaying fears about a no-deal Brexit.
  
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• 'It's not like Trinny and Susannah' – John Lewis turns to personal stylists

  28-09-2018 12:08 via Business | The Guardian
  Store’s new army of stylists generate up to 20% of clothing sales as high street sells ‘experiences’ to beat the gloomIt’s one of this season’s biggest trends but it’s not animal print or cycling shorts: high street fashion retailers are hiring armies of personal stylists to give shoppers the VIP treatment as they battle the slump in clothing sales.“There is still a bit of a stigma [around personal styling] from back in the day when Trinny and Susannah a
  
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• Pound US dollar exchange rate: GBP subdued as UK first quarter growth revised down

  28-09-2018 11:38 via Daily Express :: Finance Feed
  THE pound US dollar exchange rate is currently at around $1.305, edging down from this morning’s opening levels and over half a cent lower than Thursday’s best levels.
  
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• You're hired! Whitehall wants school leavers as apprentice economists

  28-09-2018 09:30 via Business | The Guardian
  Wanted: 75 youngsters from all walks of life to freshen up economic advice – must have grade 6 GCSE maths Whitehall is preparing to hire its first intake of apprentice economists to boost diversity at the heart of government, shaking up a profession often accused of failing to spot the financial crisis coming a decade ago.An Oxbridge-educated maths genius might be the stereotypical candidate for a role advising ministers on economics in Whitehall, but the civil service wants to find 75 you
  
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• Yes we must take back control, not from Brussels – from Whitehall | Simon Jenkins

  28-09-2018 07:00 via Business | The Guardian
  While local council budgets plummet, centralised government gains ever more powerTake back control. After two bloodstained years in British politics, it remains the one Brexit slogan with a modicum of potency. It drips with self-righteous empowerment. It depicts remainers as shiftily in thrall to Brussels, while shielding Brexiters from the charge of mere xenophobia. It is also utterly cynical.In a recent series of interviews for this paper, John Harris travelled the country, going “anywhe
  
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• UK coal revival reverses gains in clean power drive - Financial Times

  28-09-2018 05:01
  Financial Times
  UK coal revival reverses gains in clean power drive
  Financial Times
  The world's largest offshore wind farm, capable of providing electricity for 600,000 homes, was officially opened this month. Claire Perry, UK energy minister, hailed the Walney Extension, off the north-west coast of England, as evidence of Britain's ...en meer »
  
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• Bitcoin price news: Impending Bitcoin price SURGE as key indicator hints BULLISH trend

  28-09-2018 04:11 via Daily Express :: Finance Feed
  BITCOIN could be on the brink of a sudden price surge, as trends indicate a possible bull run for the leading cryptocurrency following a strong 24 hours of trading.
  
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• Most UK companies yet to begin preparations for Brexit - Financial Times

  28-09-2018 01:01
  Financial Times
  Most UK companies yet to begin preparations for Brexit
  Financial Times
  Nearly two-thirds of UK companies are still not preparing for Brexit and, in the event of a no deal, many would cut both investment and recruitment, a survey of 2,500 enterprises across the country has found. Adam Marshall, director-general of the ...en meer »
  
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• Loyal customers being 'ripped off' by £877 a year, study finds

  28-09-2018 01:01 via Business | The Guardian
  Citizens Advice files super-complaint in bid to end ‘systematic scam’ by banks, insurers and mobile phone companiesLoyal customers of mobile phone and broadband operators, banks and insurers are being ripped off to the tune of £4bn a year – or as much as £877 per person – according to Citizens Advice, which has lodged a “super-complaint” with the competition watchdog.The charity said customers who stayed with their utility providers were being unfa
  
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• Hedge funds' purchase of Brexit vote polling data under scrutiny

  28-09-2018 01:01 via Business | The Guardian
  Treasury committee chair questions use of private polling to profit on pound’s fallPolling companies are facing parliamentary scrutiny over the sale of private polls to hedge funds during the Brexit referendum, which were used to place huge bets on the pound.Nicky Morgan, a Conservative MP and chair of the powerful Treasury select committee, has written to British Polling Council president, Sir John Curtice, warning that the use of private polling data during election and referendum campai
  
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• Asia markets news: Trade war risks PLUMMETING global growth as Nikkei 225 dips on Fed hike

  28-09-2018 00:59 via Daily Express :: Finance Feed
  ASIAN markets experienced a turbulent day on Thursday after the US Federal Reserve hiked for the eighth time since 2015 after lifting its key interest rate for the third time this year.
  
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