Financial news

• UK home secretary apologises to migrants forced to take DNA tests - Financial Times

  25-10-2018 19:21
  Financial Times
  UK home secretary apologises to migrants forced to take DNA tests
  Financial Times
  Britain's home secretary has apologised to more than 400 migrants who were forced to provide DNA samples as part of their applications to live and work in the UK. Addressing parliament on Thursday, Sajid Javid admitted that the demands had been ...en meer »
  
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• Tenants missing out on cheaper credit deals | Letter

  25-10-2018 19:04 via theguardian.com
  A cross-party group of MPs call on Theresa May to support the creditworthiness assessment billFor too long, opportunity has been divided among those who can get a mortgage and those who cannot. At present, the rent payments of Britain’s 14.8 million tenants are not taken into account by lenders in the same way as (often substantially lower) mortgage payments.This unfairness increases the cost of borrowing for renters – excluding them from accessing the best deals – and forces m
  
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• Germany markets SHOCK: Deutsche Bank shares PLUMMET to RECORD LOW as DAX in huge losses

  25-10-2018 10:18 via feedproxy.google.com
  DEUTSCHE BANK shares plummeted to a record low today while the DAX continued a string of losses in a morning of turbulence for the German stock market. Germany’s biggest bank saw shares fall to a low of 8.65 in early trading, according to Bloomberg, trashing the previous lowest value of 8.75 seen in June 2018.
  
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• Pound LIVE: GBP Sterling holding against euro after 'emotional' Theresa May Brexit speech

  25-10-2018 09:40 via feedproxy.google.com
  THE pound is holding ground against the euro this morning, trading at the same levels as yesterday as Brexit dominates headlines and exchange rate movement. Theresa May was said to have made an “emotional and personal” speech at the 1922 Committee, reportedly winning over her backbench critics in the process.
  
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• Debenhams to CLOSE 50 stores after recording £500m LOSS – 4,000 jobs at RISK

  25-10-2018 08:13 via feedproxy.google.com
  DEBENHAMS will close up to 50 stores over the next five years, putting 4,000 jobs at risk.
  
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• I’m seriously ill, but Lloyds won't let me put my affairs in order

  25-10-2018 08:00 via theguardian.com
  I have been discharged from bankruptcy, but it insists I owe it moneySeveral years ago my health began to fail. I had to leave my job and, because I could no longer service my debts, I had to declare myself bankrupt in December 2015. I’m far from proud of this. A year later, I was discharged from bankruptcy and hoped to start to rebuild my creditworthiness.Most of my former creditors promptly updated my credit file and showed my accounts to be closed with no outstanding balance. However, L
  
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• Customers' money trapped at UK fintech due to Malta bank freeze - Financial Times

  25-10-2018 06:01
  Financial Times
  Customers' money trapped at UK fintech due to Malta bank freeze
  Financial Times
  Customers of a UK-based financial technology company have been left unable to access money stuck in their accounts after the Maltese authorities froze activities at a bank co-owned by the company's founder. London-based LeoPay provides international ...en meer »
  
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• Tesla announces high profits in quarter where Musk was embroiled in scandals

  25-10-2018 02:08 via theguardian.com
  Company made profit of $312m and revenues were at $6.82bn in period where Musk called diver ‘pedo’ and was fined by SECThe last three months have been the worst of times and the best of times for Tesla. The troubled electric car company announced a surprisingly high profit on Wednesday for the same quarter in which its founder, Elon Musk, spun out of control. Related: Elon Musk says 'Teslaquila' is 'coming soon' as Tesla files trademarkContinue reading...
  
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• Car production in UK falls year-on-year for fourth month in a row

  25-10-2018 01:01 via theguardian.com
  Brexit and future of diesel vehicles blamed for 16.8% fall compared with last September The number of cars built in the UK slumped again year-on-year last month, as global trade tensions and concerns over the shape of Brexit and the future of diesel vehicles took their toll.Car manufacturing fell 16.8% in September from a year ago to 127,051 vehicles, according to the Society of Motor Manufacturers and Traders (SMMT). It is the fourth month in a row that output has fallen sharply compared to the
  
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• Dow Jones falls 600 points as market volatility continues –as it happened

  25-10-2018 00:17 via theguardian.com
  Fresh losses in New York sees the Dow lose its 2018 gains, and the Nasdaq enter a correctionLatest: Wall Street ends deeper in the redDow falls 608 points, wiping out this years gainsEurozone business growth hit by trade warsIntroduction: Trump blasts the Fed 11.16pm BST Time to wrap up:The US stock market has suffered another day of big losses, as investors worry about the state of the economy, trade wars, and possible interest rate rises. 10.56pm BST Tesla has addressed a lot of criticism with
  
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