Financial news

• Post Office boss receives 7% pay rise as postmaster salaries cut

  19-10-2018 19:04 via theguardian.com
  Paula Vennells took home £718,300 last year while 11,500 workers lost a combined £17mThe Post Office boss Paula Vennells received a 7% pay rise last year, while thousands of postmasters took an average 4.5% pay cut.The former L’Oréal and Argos executive took home £718,300 in the year to March, according to accounts filed at Companies House this week, while 11,500 Post Office workers – the vast majority of whom are self-employed – received a combined &po
  
  Read more

• Pension news: Should you move your pension abroad? Pros and cons of overseas schemes

  19-10-2018 17:37 via feedproxy.google.com
  MANY hard-working Britons dream of retiring overseas to spend their golden years in warmer climates and cheaper living costs – but what happens to your pension? The basic choice is between leaving your pension in the UK and collecting your money from abroad, or transferring your pot to an overseas scheme.
  
  Read more

• Persimmon CEO walks away from interview when asked about £75m bonus – video

  19-10-2018 14:30 via theguardian.com
  The Persimmon CEO, Jeff Fairburn, walked off camera during a BBC interview after being asked about his £75m bonus. At the time the bonus, reduced from £110m after a shareholder revolt, was thought to be the biggest ever awarded at a listed company. When asked by Spencer Stokes for BBC Look North whether there were any lessons to be learned from the furore surrounding the bonus, Fairburn said it was 'unfortunate' he had been asked about the payout before walking away Continue reading.
  
  Read more

• Fairytale homes for sale - in pictures

  19-10-2018 14:28 via theguardian.com
  Make your own history in these fantastic houses, from Suffolk to the Highlands Continue reading...
  
  Read more

• Advertisement

• Politicians say nothing, but US farmers are increasingly terrified by it – climate change

  19-10-2018 14:00 via theguardian.com
  Research forecasts Iowa corn yields could drop in half within the next half-century thanks to extreme weather – yet it’s not part of the political conversationFarmers around here are itching to go after that amber wave of soya beans, but there was that 5in rain a couple of weeks ago and then a 7in rain, and it drives even the retired guys batty.Those beans aren’t worth much at the elevator thanks to a Trump trade war with China, but they’re worth even less getting wet fee
  
  Read more

• The benefits ‘freeze’ is robbing our poorest families. Where’s the outrage? | James Ball

  19-10-2018 13:30 via theguardian.com
  The worst-off families in the UK face further hardship – yet no one in politics or the media has their cornerNext year, more than 10.4m UK households – more than one in three – will be left on average £150 poorer than they are today. Worse still, this loss will be concentrated on families already struggling, or even failing, to get by: those at or below the UK’s poverty line.If you feel as though you’ve missed this headline, that would be no surprise: the news
  
  Read more

• EU should offer Italy ‘leeway' over budget or risk COLLAPSE - 'Whole project will DIE!’

  19-10-2018 13:29 via feedproxy.google.com
  A FURIOUS row between Italy and European Union chiefs over Rome’s financial budget risks collapsing the entire EU project unless some “leeway” is given, according to a financial strategist. Italian officials have declared they are “proud” of their budget after being forced to come out fighting against Brussels in defence of the spending plans.
  
  Read more

• Pound US dollar exchange rate: GBP steady against USD as Brexit battle continues

  19-10-2018 13:25 via feedproxy.google.com
  THE pound has held close to its opening levels against the US dollar today, with the latest Brexit developments limiting Sterling trader demand. This flat movement puts the pound US dollar exchange rate around $1.302, which is the lowest level so far this week.
  
  Read more

• Advertisement

• Will Nissan stay once Britain leaves? How one factory explains the Brexit business dilemma – podcast

  19-10-2018 13:00 via theguardian.com
  In the 1980s, Thatcher’s government sold Britain as ‘a gateway to Europe’. Nissan came to Sunderland and thrived – but now its future is uncertain• Read the text version here Continue reading...
  
  Read more

• The usefulness of useless robots: Chips with Everything podcast

  19-10-2018 13:00 via theguardian.com
  Jordan Erica Webber asks robot maker and innovator Simone Giertz why she dislikes the robots she makes. And how digital technology might be useful for managing our wellbeingSimone Giertz is a self-professed maker of crummy robots. She’s made a drone that cuts hair, a robot that applies her lipstick and the Wake-Up machine, a DIY wall-mounted robot alarm clock with a rubber arm, that slaps her awake in the morning. Simone showcases her creations on her own YouTube channel. While she admits
  
  Read more

• China economy SLOWS to WEAKEST since GLOBAL CRASH on US-China trade war fears

  19-10-2018 12:56 via feedproxy.google.com
  CHINA’S economy has felt the brunt from an escalating trade war with the US as latest figures show growth is at its slowest for almost a decade. The Asian stock market has been rattled on consumer fears of a slowdown in economic growth, with stocks plunging to an almost four-year low this week.
  
  Read more

• Pound LIVE: GBP Sterling holding ground against euro despite Barnier Brexit WARNING to May

  19-10-2018 09:36 via feedproxy.google.com
  THE pound is holding levels against the euro this morning as markets remain focused on Brexit progress. EU Brexit negotiator Michel Barnier has warned that while a deal was "90 percent done", he was doubtful on both sides coming to a final agreement.
  
  Read more

• The bad behavior of the richest: what I learned from wealth managers

  19-10-2018 08:00 via theguardian.com
  The habits of the wealthiest mirror the supposed ‘pathologies’ of the poor. But while those in poverty are called lazy, the rich are dubbed bon vivantsIf nearly a decade interviewing the wealth managers for the 1% taught me anything, it is that the ultra-rich and the ultra-poor have a lot more in common than stereotypes might lead you to believe.In conversation, wealth managers kept coming back to the flamboyant vices of their clients. It was quite unexpected, in the course of discus
  
  Read more

• If you think Brexit will leave us weaker and poorer, march for a people’s vote | Timothy Garton Ash

  19-10-2018 06:59 via theguardian.com
  Rather than walking the country off a gangplank and into thin air, parliament should go back to the electorateEnough! Let us put an end to this national humiliation. Around the world, Britain is increasingly viewed with pity or contempt. Brexit, were it to happen, would be the most consequential and gratuitous act of national self-harm in our recent history.It is now crystal clear that there is no available deal with the rest of the European Union that can realise even a fraction of Brexit&rsquo
  
  Read more

• Bitcoin price SLUMP continues as traders SPOOKED by HACKING and money-laundering fears

  19-10-2018 03:53 via feedproxy.google.com
  BITCOIN’s price is down 0.6 percent to $6,433 , at the time of writing, joining major cryptocurrencies Ethereum, Ripple and EOS in another disappointing 24 hours of trading, according to Coin Market Cap.
  
  Read more

• Pound euro exchange rate: GBP buoyed as UK government borrowing slides

  19-10-2018 01:01 via feedproxy.google.com
  THE pound euro exchange rate is currently trading at around €1.138, slightly up from yesterday’s worst levels but still barely moved from the week’s opening rate. The pound is edging higher against the euro this morning, recouping a good portion of Thursday’s losses as markets welcome the UK’s latest public sector borrowing figures.
  
  Read more

• MPs call for ban on petrol and diesel car sales by 2032

  19-10-2018 01:01 via theguardian.com
  UK risks falling behind global switch to electric vehicles with ‘unambitious’ target of 2040, says committeeMPs have urged ministers to bring forward their ban on new petrol and diesel car sales by eight years to 2032, to avoid the UK being left “in the passenger seat” in the global switch to electric vehicles.Government plans for a 2040 ban on fossil fuel-powered cars and vans across Britain were unambitious and did not even show leadership within the UK, given Scotland
  
  Read more

• China markets: China's economy is getting BATTERED - and it will SEVERELY affect US stocks

  19-10-2018 00:02 via feedproxy.google.com
  CHINA’S stock market has taken a tumble in recent months after it was hit by US trade tariffs, but what happens to US stocks when the Chinese market gets battered?
  
  Read more

Follow @financialnwsUK on Twitter!