Financial news

• Bitcoin LATEST: Is bitcoin a scam? Market analyst CONDEMNS cryptocurrency

  15-10-2018 23:10 via feedproxy.google.com
  BITCOIN and other cryptocurrencies face a "crypto-apocalypse" because they are “scams and bubbles”, leading economist Nouriel Roubini has claimed. But is the Bitcoin “bubble” about to burst?
  
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• Sacha Romanovitch to leave accountancy firm Grant Thornton

  15-10-2018 22:52 via theguardian.com
  First female boss of major City accountancy firm will step down by the end of the yearSacha Romanovitch, the first UK female chief executive of a major City accountancy firm, will step down from Grant Thornton by the end of this year.The company said Romanovitch would leave her job once a successor was identified. Continue reading...
  
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• It's not a shared stake when the Treasury grabs the money

  15-10-2018 20:10 via theguardian.com
  John McDonnell’s plan for big firms to give a collective 10% to workers has a major flawIf you thought John McDonnell’s plan to force all big companies to give a collective 10% stake to their workers was a detailed policy announcement, think again. Judging by a comment aimed at a business audience, the shadow chancellor is prepared to be flexible. “If you can achieve the same objective by a different route, then come and talk to us,” said McDonnell in an interview with th
  
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• Mohammed Dewji kidnap: family offer £330k reward for billionaire's safe return

  15-10-2018 19:56 via theguardian.com
  Tanzanian philanthropist taken at gunpoint from Dar es Salaam hotel in early hours of ThursdayThe family of Africa’s youngest billionaire have offered a 1bn Tanzanian shillings (£330,000/ $436,000) reward for the safe return of Mohammed Dewji, who was kidnapped from an exclusive hotel gym in a dawn raid.Dewji, 43, an industrialist and former politician known as Mo, was abducted by armed men as he arrived for his daily workout at the Colosseum hotel in Dar es Salaam at 5.35am on 11 Oc
  
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• Ford U-turn: no-deal Brexit could force carmaker to reconsider UK plans

  15-10-2018 19:51 via theguardian.com
  Change of heart comes as AstraZeneca and Nissan also sound alarm about hard BrexitThe US carmaker Ford has described a no-deal Brexit as a “red line” that would force it to reconsider the scale of its presence in Britain in a dramatic reversal of an earlier commitment to stay put.Ford issued the warning on the same day as the pharmaceuticals company AstraZeneca and the carmaker Nissan said the prospect of a hard Brexit was already disrupting their businesses. Continue reading...
  
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• Gatwick accused of making second runway 'by the back door'

  15-10-2018 18:10 via theguardian.com
  Airport said to be planning use of emergency runway to add hundreds more flights dailyGatwick airport has been accused of creating a second runway “by the back door” through plans to put its emergency runway into regular use, adding hundreds of extra flights every day.The airport, the second biggest to serve London, lost out to Heathrow when the government’s Airports Commission recommended where the next full runway should be built in south-east England. Continue reading...
  
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• India rupee CRISIS: PM warns of SOARING oil prices as rupee hovers near all-time low level

  15-10-2018 17:30 via feedproxy.google.com
  THE Prime Minister of India has issued a desperate call to oil producers to review payment terms as the languishing rupee continued to hover around all-time low levels. Narendra Modi urged suppliers such as Saudi Arabia to help ease concerns of soaring oil prices, which have contributed to the Indian currency plunging against the US dollar.
  
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• Bitcoin price today: BTC peaks at $7,000 but will it push higher? Latest bitcoin price

  15-10-2018 17:06 via feedproxy.google.com
  BITCOIN bounced back from £4,743.47 this morning to trade at £4,968.83 per token at 3.10pm BST, according to CoinDesk, on Monday, October 15.
  
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• Sears, once the world's largest retailer, faces the end after 125 years

  15-10-2018 17:00 via theguardian.com
  Once a staple of the American lifestyle, Sears has filed for bankruptcy after losses top $11bn and 200,000 layoffs “I don’t understand the point of Sears, I just buy everything online,” said 23-year-old Lyft driver Shannon Dickey as we pull up to the abandoned storefront of Sears that sits at the top of Ross Park Mall, nine miles north of downtown Pittsburgh “I think their old catalogs are cool, but I just don’t understand the point of Sears.”Founded in 1893,
  
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• Fracking in the UK: what is it and why is it controversial?

  15-10-2018 16:34 via theguardian.com
  As Cuadrilla starts operations in Lancashire, we examine the main argumentsFracking protesters blockade Lancashire site as work beginsFracking restarted in the UK on Monday – the first such operation since 2011. The oil and gas firm Cuadrilla commenced work at a well in Lancashire after seeing off a last-minute legal challenge on Friday.The aim is to extract shale gas to contribute to the country’s energy supply but environmental campaigners fiercely oppose it. Continue reading...
  
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• Study finds link between Campylobacter prevalence on UK farms and financial ... - www.thepoultrysite.com

  15-10-2018 15:28
  Study finds link between Campylobacter prevalence on UK farms and financial ...
  www.thepoultrysite.com
  Researchers from the Farm Animal Initiative (FAI), 2 Sisters Food Group and Hook 2 Sisters, have conducted a study which links the prevalence of Campylobacter with financial incentives for biosecurity and the cessation of flock thinning on UK broiler ...
  
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• Report: Bullying, harassment rife at UK Parliament - Financial Post

  15-10-2018 15:19
  Report: Bullying, harassment rife at UK Parliament
  Financial Post
  LONDON — Britain's House of Commons is a sometimes dysfunctional workplace in which bullying and sexual harassment have long been “tolerated and concealed,” an independent inquiry reported Monday. In a highly critical report, former High Court ...en meer »
  
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• Banks will not be forced to reveal climate change risks they face

  15-10-2018 15:11 via theguardian.com
  Critics demand tougher action as Bank of England stops short of call for mandatory reportsThe Bank of England has stopped short of forcing financial companies to disclose the potential risks they face from climate change, despite growing calls from campaigners for such action.In a warning to finance firms to vastly improve their planning to safeguard against the financial risks posed by global warming, Threadneedle Street asked companies to “consider the relevance” of disclosing thei
  
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• Bloodhound 1,000mph car hits skids as project enters administration

  15-10-2018 15:01 via theguardian.com
  Appeal for £25m investment to rescue British team’s plan to break land speed recordPlans to build a British jet-powered car to speed at more than 1,000mph through the desert have hit quicksand, after the company behind the Bloodhound project entered administration.The dream of an ultra-fast car to break the land speed record led to the creation of Bloodhound Programme Ltd in 2007, with the idea of also engaging schools and students in engineering. Continue reading...
  
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• EU gives UK 24-hour Brexit deadline - Financial Times

  15-10-2018 14:08
  Financial Times
  EU gives UK 24-hour Brexit deadline
  Financial Times
  Brussels is giving Britain a day to settle its position on Brexit before deciding how to respond to Prime Minister Theresa May's dramatic move to “disengage” from talks on an EU exit agreement. The UK-EU negotiations broke down on Sunday — just days ...
  The Latest: 'Intense effort' didn't seal UK-EU Brexit dealFinancial Postalle 1.513 nieuwsartikelen »
  
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• Bank of England to print plastic £50 notes

  15-10-2018 14:03 via theguardian.com
  England’s highest value banknote will be printed on the same polymer as the £5 and £10 notesThe £50 note will remain part of UK currency after a “new, more secure” version of the highest-value note in England was announced.It will be printed on thin, flexible plastic polymer material after the Turner £20 note is issued in 2020, the Bank of England said on Saturday. Continue reading...
  
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• UK economy 'heading for worst year since financial crisis' - The Week UK

  15-10-2018 14:02
  The Week UK
  UK economy 'heading for worst year since financial crisis'
  The Week UK
  Economists downgrade GDP growth forecasts due to Brexit uncertainty and sluggish consumer purchasing power. whatsapp · facebook · twitter · google+ · linkedin · email. Matt Cardy/Getty Images. The UK economy is on course for its worst year of growth ...en meer »
  
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• Superdry issues profit warning after sales fall in heatwave

  15-10-2018 13:22 via theguardian.com
  Fashion chain’s shares fall after it reveals it sold fewer sweatshirts and jackets Superdry has been hit by this summer’s heatwave and the warm autumn weather, forcing the fashion chain known for its branded tops to issue a profit warning, sending its shares sharply lower.The company struggled to sell sweatshirts and jackets, which account for 45% of its annual sales, because of the “unseasonably hot weather” in the UK, continental Europe and on the east coast of the US.
  
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• UK shipyards to submit bids to build 5 Royal Navy warships - Financial Times

  15-10-2018 13:04
  Financial Times
  UK shipyards to submit bids to build 5 Royal Navy warships
  Financial Times
  British shipyards are preparing to submit initial bids to build five cut-price frigates for the Royal Navy despite uncertainty over the programme's budget and proposed delivery date. The competition, which is being run for the second time after the ...
  
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• Salisbury house prices fall by nearly 10% after novichok attack

  15-10-2018 12:49 via theguardian.com
  Local estate agents say buyer interest from outside city has collapsed since poisoningsHouse prices in Salisbury have dived by nearly a 10% since the novichok poisonings, according to analysis of Land Registry data.The average price of a home sold in the city in the three months from May to July was £299,207, down from £328,243 in the previous three months. The poisoning of Sergei and Yulia Skripal took place in early March. Continue reading...
  
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• Blockchain isn't about democracy and decentralisation – it's about greed | Nouriel Roubini

  15-10-2018 12:20 via theguardian.com
  Cryptocurrencies such as bitcoin result in the concentration of wealth, not greater equalityWith the value of bitcoin having fallen by about 70% since its peak late last year, the mother of all bubbles has now gone bust. More generally, cryptocurrencies have entered a not-so-cryptic apocalypse. The value of leading coins such as Ether, EOS, Litecoin and XRP have all fallen by over 80%, thousands of other digital currencies have plummeted by 90%-99%, and the rest have been exposed as outright fra
  
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• Payday lenders told to offer compensation for mis-sold loans

  15-10-2018 11:48 via theguardian.com
  FCA says firms must pay out to settle complaints even if it threatens bankruptcyThe City regulator has ordered payday lenders to bring forward compensation for customers who were mis-sold loans, even if it threatens the company with bankruptcy.In strongly worded letters to firms in the high-cost short-term credit market, Jonathan Davidson, the director of supervision at the Financial Conduct Authority (FCA), set out how firms should respond to a recent surge in complaints over unaffordable lendi
  
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• JustGiving to drop fee for donations to disaster funds

  15-10-2018 11:25 via theguardian.com
  Platform has been criticised for taking £20m from donations while paying staff large salariesJustGiving will remove its 5% fee for donations to disaster and major incident funds.The fundraising platform was heavily criticised for charging people who donated money after the Grenfell Tower tragedy and terrorist attacks in Manchester and London. Continue reading...
  
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• Weaker buy-to-let market gives hope to first-time buyers

  15-10-2018 08:19 via theguardian.com
  Price of small properties has fallen and landlord purchases are down, surveys showFurther evidence that the crackdown on buy-to-let investors has had the desired effect, thus giving hope to first-time buyers, has come from two surveys.Rightmove, the UK’s biggest property website, said a less active buy-to-let market had led properties with two bedrooms or fewer to drop 0.1% in price last month. Subdued prices provide first-time buyers with an “opportunity this autumn”, it said.
  
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• Where are our irreplaceable graduation photos?

  15-10-2018 08:00 via theguardian.com
  Ede & Ravenscroft failed to send them within six weeks – and won’t give me a refundI graduated from the University of Birmingham in early July. I had ordered photos from Ede & Ravenscroft which cost £60 plus £7 postage and packing. The estimated delivery was four to six weeks after the event. Six weeks later, the photos had not arrived. This was annoying as I was hoping to take them to my grandmother in Hong Kong during a visit in August. After many emails and pho
  
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• Can I offer less than asking price for a property in Scotland?

  15-10-2018 08:00 via theguardian.com
  It has been on the market for some time, but I’m worried about insulting the seller Q My partner and I are considering offering less than the advertised fixed price on a property in Glasgow. A month ago, the property was reduced to a fixed price of £20,000 below the value given in the home report after 12 weeks with no sale. Even with this reduction in price the property is still a bit more expensive than similar properties in the immediate area, so we would be worried about not
  
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• UK pushes on chemical weapons and cyber sanctions - Financial Times

  15-10-2018 05:01
  Financial Times
  UK pushes on chemical weapons and cyber sanctions
  Financial Times
  Britain is putting pressure on the EU to name the targets of new chemical weapons sanctions due to be agreed as part of the bloc's escalating response to alleged malicious Russian activity in Europe. Jeremy Hunt, Britain's foreign secretary, will also ...en meer »
  
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