Financial news

• Darby's exceedingly odd decision to quit Mr Kipling firm | Nils Pratley

  13-11-2018 20:12
  However you slice the battenberg, this looks like a victory in extra time for Oasis and its fellow rebelsGavin Darby was the chief executive who won the big bun fight at the Mr Kipling firm Premier Foods in the summer. It was a bitterly fought affair but he survived in post with a 59:41 majority, thereby defeating Hong Kong-based hedge fund Oasis Management, the outfit that had accused him of leading a “zombie company”. Now – less than four months later – Darby says he wi
  
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• Troubled npower sheds 500,000 customer accounts in 2018

  13-11-2018 18:47 via theguardian.com
  Member of big six energy companies to report fourth consecutive annual lossNpower, one of the UK’s big six energy firms, has lost half a million customer accounts in 2018 and said it will make a loss for the fourth consecutive year.The exodus of households from the German-owned electricity and gas supplier amounts to a 10th of the 5m accounts it had at the start of the year. Continue reading...
  
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• Are oldies’ organs still worth donating? | Brief letters

  13-11-2018 18:47 via theguardian.com
  First-name reminder | Supporting the Guardian | Organ donation | Self-identifying as older | For the FallenPaul Chadwick’s interesting article on honorifics (Open door, 12 November) brought to mind a general irritation. It would be most helpful to those of us with short memories if the first mention of anyone’s name in an article could be highlighted, so that when one comes across an isolated surname further along, it is easier to refer back to the full details. Reading the whole art
  
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• Overhaul of UK's poor banking culture is slow, admits standards chair

  13-11-2018 18:30 via theguardian.com
  Banking Standards Board tells MPs care for vulnerable customers continues to fall shortLittle progress has been made on fixing the UK’s poor banking culture, five years on from a major industry inquiry meant to address lender misconduct, the chair of the sector’s standards board has admitted.In the Banking Standards Board’s first appearance in front of the treasury committee, Dame Colette Bowe and CEO Alison Cottrell were pressed on whether anything had changed since a 2013 par
  
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• Rogue bailiffs face crackdown as MP urges government to act

  13-11-2018 17:26
  Labour’s Emma Reynolds tells of how men with no ID burst into a disabled woman’s homeThe government has pledged to crack down on rogue bailiffs after an MP raised the case of a disabled constituent who thought she was being burgled when debt collectors burst into her home without showing ID and took cash from her purse.The woman, whose experience was described in the Commons on Tuesday by the Labour MP Emma Reynolds, said she barricaded herself in her bathroom and called police after
  
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• India rupee latest: India retail inflation rate DROPS as rupee stabilises against USD

  13-11-2018 17:04 via feedproxy.google.com
  INDIA saw its retail inflation rate drop sharply in October as the rupee appeared to stabilise after plummeting in value against the US dollar this year.
  
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• Eurozone CRISIS: Euro area growth forecast to SLOW as global economies 'in BLEAK outlook'

  13-11-2018 16:29 via feedproxy.google.com
  EUROZONE growth is forecast to slow as the outlook for a number of big global economies faces a bleak outlook, according to a new report from the International Monetary Fund.
  
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• EU CRISIS: German economy 'at LONG-TERM RISK' from Brexit and Italy-EU budget row

  13-11-2018 14:47 via feedproxy.google.com
  THE GERMAN economy faces long-term risks from Brexit and Italy despite having the capability to recover from a short-term growth blip, according to a financial expert.
  
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• Black Friday 2018: all the best UK deals and offers

  13-11-2018 13:55
  Preparation is key to getting the best Black Friday deals, so try this handy guide to what’s on offer in the UKThe countdown is on to Britain’s biggest shopping event – Black Friday – and with many high street retailers struggling, shoppers can expect to bag some good bargains.This year Black Friday falls on 23 November and will be followed three days later by Cyber Monday, probably the busiest day of the year for online shopping. Continue reading...
  
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• Foxtons closes six London branches in 'challenging' market

  13-11-2018 13:05 via theguardian.com
  Estate agent hit by slowing sales in capital amid high prices and Brexit uncertaintyFoxtons has closed six of its London branches as it struggles to sell homes in a “challenging” property market in the capital.The estate agency said it had recently closed its offices on Park Lane in central London, Barnes, Beckenham, Enfield, Loughton and Ruislip. Continue reading...
  
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• Pound euro exchange rate: GBP climbs as UK wage growth accelerates to decade high

  13-11-2018 12:01 via feedproxy.google.com
  THE pound euro exchange rate has climbed to €1.147 this morning, with the pairing striking its highest levels since last Friday.
  
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• Pound US dollar exchange rate: GBP attempts recovery as Brexit 'within touching distance'

  13-11-2018 11:51 via feedproxy.google.com
  THE pound is trading at a rate of $1.289 this morning, which is up by around 0.3 per cent against the US dollar.
  
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• US crude oil price SLUMPS as Donald Trump issues WARNING to Saudi Arabia

  13-11-2018 11:20 via feedproxy.google.com
  US crude oil prices tumbled for the 11th consecutive session after US President Donald Trump called for lower prices and a refrain from cutting production.
  
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• UK wage growth RISES at highest rate in almost a decade as unemployment nudges higher

  13-11-2018 11:10 via feedproxy.google.com
  UK wage growth has increased at the highest rate in almost a decade while the level of unemployment edged higher, according to new figures.
  
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• Westminster council to ban 'super-size' new homes

  13-11-2018 10:21 via theguardian.com
  Limit of 150 sq metres in bid to encourage building of more affordable propertiesWestminster city council is to ban new “super-size properties” built for oligarchs and other members of the global ultra-rich elite in order to free up space for more affordable homes.The council, which includes Mayfair, Knightsbridge and Belgravia, said it would restrict new homes larger than 150 sq metres (1,615sq ft) because “Westminster’s position in the global housing market can create d
  
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• Pound LIVE: GBP Sterling SOARS against euro as May declares Brexit talks 'in the ENDGAME'

  13-11-2018 09:15 via feedproxy.google.com
  THE pound has soared against the euro this morning, pulling back gains after a confident Theresa May declared Brexit negotiations are “now in the endgame”.
  
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• Why wouldn’t M&S let me use my voucher for Christmas food?

  13-11-2018 08:00 via theguardian.com
  It wasn’t written down in the exclusions, but I couldn’t use my voucher on a turkey crownIn October I received an M&S Sparks email with a link to a £5-off voucher for “food to order” costing £25 or more online or in store. Next morning I went to the “Christmas food to order” section to choose a turkey crown. But the voucher did not work. M&S told me it did not include the Christmas food as it never discounts this. But I have a screenshot of
  
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