Financial news

• Persimmon chief's £75m bonus was 'issue' never likely to disappear easily

  07-11-2018 20:00
  A bigger pay cut at the outset might have saved Jeff Fairburn – but he chose otherwisePersimmon is still happily selling houses, but even a half-awake board can spot the long-term danger in becoming a corporate laughing stock. The viral clip of sheepish chief executive Jeff Fairburn walking away from BBC Look North’s cameras, and then protesting that it was “really unfortunate” to be asked about his £75m bonus, was an instant classic in the living-in-a-bubble genre.
  
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• Childcare constraints forcing more women to work closer to home

  07-11-2018 19:28
  Gender commuting gap shows women across UK more likely to live 15 minutes from work
  A disproportionate share of childcare responsibilities results in women working closer to the home, potentially contributing to the gender pay gap, new data has revealed.Women in every region of the UK apart from London are more likely than men to live within a 15-minute commute to their place of work, according to the Office for National Statistics (ONS). Continue reading...
  
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• Lion Air crash: Boeing tells pilots how to deal with faulty sensors

  07-11-2018 18:20
  Bulletin follows investigation into crash in Indonesia last week, killing 189 peopleBoeing has sent instructions to airlines using its 737 Max jet about how pilots should react to erroneous readings from sensors, an issue investigators believe was a key factor in the Lion Air crash in Indonesia, in which all 189 people on board were killed.Aviation experts said the initial findings indicated that the the pilot and first officer of flight JT610 did not know at what speed they were flying, similar
  
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• CBI dismisses link to PR plan for Theresa May Brexit deal

  07-11-2018 16:16
  Plan sent to media suggested business body’s chief, Carolyn Fairbairn, would endorse dealThe Confederation of British Industry has dismissed reports that it would play a part in a government PR plan to sell a Brexit deal to the public.The business organisation said it had no knowledge of the reported plan, which suggested that both its director general Carolyn Fairbairn and the Japanese prime minister would endorse the Brexit deal, if and when it was secured. Continue reading...
  
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• HOPE seeks £2m investment as it reinvents fashion for older women

  07-11-2018 13:57 via feedproxy.google.com
  UK fashion brand Hope, a beacon for older women seeking to update their look with chic, comfortable and coordinated creations, aims to raise £2 million for scaling development and distribution.
  
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• The innovative Finance ISA: Don't waste your savings with a bank

  07-11-2018 13:07 via feedproxy.google.com
  BRITISH PEARL offers savers the chance to earn interest
  
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• Sir Charlie Mayfield to leave John Lewis Partnership in 2020

  07-11-2018 11:29
  Search for new boss comes as profits dip amid rising costs and shift towards online shoppingThe John Lewis Partnership is searching for a new chair after it announced Sir Charlie Mayfield is stepping down in 2020.The group, which owns Waitrose and the John Lewis chain of department stores, said it would consider external candidates as well as insiders as replacements for Mayfield, who has held the post for 11 years. Continue reading...
  
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• House price growth at its slowest for five years, Halifax says

  07-11-2018 11:20 via theguardian.com
  Sellers are realising first offer they receive could well be their only one, analyst saysAnnual house price growth has fallen to its lowest rate in more than five years, according to Halifax.Across the UK, house prices increased by 1.5% annually in October, following a 2.5% annual increase in September, Halifax said. Continue reading...
  
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• Pound US dollar exchange rate: GBP/USD reaches $1.31 as deadlock looms in Washington

  07-11-2018 10:55 via feedproxy.google.com
  At the time of writing the GBP/USD exchange rate has climbed to $1.315, up 0.3 percent from today’s opening rate, having risen roughly a cent in the last 24 hours. The US dollar has fallen across the board this morning, dropping to a three-week low against the pound as markets digest the result of Tuesday’s US midterm elections.
  
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• Pound-euro exchange rate: Sterling reaches 4-month high as Macron calls for a “Euro army”

  07-11-2018 10:41 via feedproxy.google.com
  The pound is trading at a rate of €1.146 against the euro this morning, which is practically unchanged on the day, but remains close to the four-month high struck yesterday. With the Italian budget deadlock continuing to rumble on without a solution in sight, French President Emmanuel Macron has ruffled euro investors’ feathers by calling for the establishment of a “real European army.”
  
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• Pound LIVE: Sterling UP against dollar as US midterm elections strike fear in markets

  07-11-2018 08:50 via feedproxy.google.com
  THE pound is up against the dollar as traders respond to the Democratic Party’s takeover of the US House of Representatives in the Congressional midterm elections.
  
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• PayPal snubbed me after a fraudster shut my account

  07-11-2018 06:59 via theguardian.com
  Online bank offered a refund, but then said it couldn’t help as I didn’t have a PayPal accountAn unauthorised transaction was made on my PayPal account and £220 was used to buy a Flightgiftcard. The fraudster then closed my account. PayPal opened an appeal and stated that the money should be put back into my account within 48 hours. I was then sent an email explaining that my appeal had been denied as I am no longer a PayPal customer. This is because the fraudster had closed my
  
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• US DOLLAR LIVE: Investors braced for midterms fallout - strong dollar ’to HURT’ economy

  07-11-2018 02:55 via feedproxy.google.com
  THE strengthening US dollar could actually hurt the world’s biggest economy, experts have warned, as investors brace themselves from any fallout from the midterm elections.
  
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