Financial news

• Dow Jones hits ALL-TIME HIGH as Italian populists ease of EU conflict

  03-10-2018 21:43 via feedproxy.google.com
  ITALIAN populists have calmed fears over a clash with the EU over its budget, with Five Star and Lega reportedly offering to lower its deficit from 2020 – causing Dow Jones to hit an all-time high.
  
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• More regular work wanted by almost half those on zero-hours

  03-10-2018 21:06 via theguardian.com
  ‘Flexible hours’ was draw for only 28% taking gig economy contracts, finds labour studyAlmost half of people on zero-hours contracts want more regular work and greater levels of job security, according to a study that challenges the idea that workers want such terms for the flexibility they offer.According to the report from three labour market economists, to be presented at an international conference in Austria this week, 44% of workers in a survey of 20,000 people on zero-hours c
  
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• Amazon offsetting pay rise by removing bonuses, union says

  03-10-2018 19:35 via theguardian.com
  Online retailer hit headlines for pay award but GMB accuses it of ‘stealth tax’ on workersAmazon has been criticised for slashing benefits for UK warehouse workers, offsetting at least half of a big pay rise announced this week.The removal of employee share and incentive schemes could cost thousands of workers £1,500 in a single year, according to the GMB union, which accused the online retailer of imposing “a stealth tax on its own wage increase”. Continue reading.
  
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• EU regulators draft market agreements with UK's FCA | Financial ... - Financial Times

  03-10-2018 17:13
  Financial Times
  EU regulators draft market agreements with UK's FCA | Financial ...
  Financial Times
  European markets regulators are drafting a series of bilateral agreements with their UK counterparts to limit market instability as fears grow that Britain will leave ...en meer »
  
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• Cryptocurrencies hailed as 'FUTURE OF MONEY' as world readies for 'DIGITAL STATE'

  03-10-2018 16:47 via feedproxy.google.com
  CRYPTOCURRENCIES are the “inevitable future of money” as the world prepares for a more “digital state”, the Prime Minister of Malta has declared. Joseph Muscat claimed the financial sector is heading toward a “future-proof society” as virtual currency continues be used as a method of exchange.
  
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• UK's May tells critics to drop dream of a 'perfect' Brexit - Financial Post

  03-10-2018 16:43
  Financial Post
  UK's May tells critics to drop dream of a 'perfect' Brexit
  Financial Post
  BIRMINGHAM, England — British Prime Minister Theresa May battled to unite her Conservative Party on Wednesday, telling critics to abandon their dreams of a “perfect” Brexit and “come together” as divorce negotiations with the European Union enter ...
  How UK's post-Brexit immigration regime would workFinancial Timesalle 4.222 nieuwsartikelen »
  
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• UK Financial Services Regulations Unlikely to Be Relaxed After ... - Insurance Journal

  03-10-2018 14:28
  UK Financial Services Regulations Unlikely to Be Relaxed After ...
  Insurance Journal
  KPMG expects Britain to ignore calls to loosen banking rules after Brexit and said in a report on Wednesday it may even become tougher with measures to.en meer »
  
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• UK Crime Agency wins test case for new anti-corruption powers - Financial Times

  03-10-2018 13:35
  Financial Times
  UK Crime Agency wins test case for new anti-corruption powers
  Financial Times
  A banker's wife faces losing £22m of luxury property after failing to overturn the UK's first use of a new power designed to combat international corruption. The woman has been fighting an Unexplained Wealth Order brought by the UK's National Crime ...en meer »
  
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• UK services sector activity slows in September - Financial Times

  03-10-2018 13:12
  Financial Times
  UK services sector activity slows in September
  Financial Times
  The growth in activity of Britain's dominant private sector services sector slowed in September, according to the latest purchasing managers' index, suggesting that the strong bounce in economic performance over the summer is unlikely to last. The ...en meer »
  
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• Epiris raises £821m for UK-focused maiden fund - Financial Times

  03-10-2018 13:02
  Financial Times
  Epiris raises £821m for UK-focused maiden fund
  Financial Times
  London-based private equity group Epiris has closed its first fund, having raised £821m to buy assets including Bonhams auction house and Time Inc's UK business. It is one of the largest first-time funds raised in Europe in the past decade and exceeded ...
  
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• Theresa May pledges to freeze fuel duty for ninth consecutive year

  03-10-2018 11:56 via theguardian.com
  Measure estimated to cost £9bn a year to leave chancellor with hole in October budgetFuel duty will be frozen for the ninth year in a row, Theresa May has pledged, an announcement that will leave the chancellor with a deep hole to fill in his October budget.The Institute for Fiscal Studies thinktank estimated the policy, which has been in place since 2010-11, costs the Treasury about £9bn a year. Continue reading...
  
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• Pound LIVE: GBP Sterling GAINS against euro as May declares Brexit Britain WILL thrive

  03-10-2018 10:01 via feedproxy.google.com
  THE pound has made gains against euro this morning after Theresa May declared Britain's post-Brexit future is "full of promise" in her Conservative Party Conference speech. The Prime Minister brought a boost to Sterling as she vowed the "resilience and ingenuity of the British people will see us through" negotiations with Brussels.
  
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• Why does Airbnb’s guarantee make it so difficult to claim?

  03-10-2018 08:00 via theguardian.com
  It promises hosts won’t be left out of pocket for damage but it’s hard to get in touchI decided to list my flat on Airbnb for two months while I was working abroad. One of the bookings was for two guests, but neighbours report there were more and they left damage to furniture and fittings. Airbnb claims to provide a guarantee that the host will not lose out if a guest causes damage. However, I have been totally stonewalled in my attempts to claim.Continue reading...
  
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• UK finance chiefs raise concerns over audit shake-up proposals - Financial Times

  03-10-2018 06:01
  Financial Times
  UK finance chiefs raise concerns over audit shake-up proposals
  Financial Times
  The chief financial officers of the UK's largest companies have raised concerns about proposals put forward by politicians and regulators to shake up the audit market and eradicate conflicts of interest. Their concerns were highlighted at a private ...
  
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