Financial news

• Britain's worst landlord to take nine years to pay off string of fines

  16-11-2018 19:24
  Property owner, with a multimillion pound portfolio, has at least 60 convictions for housing offencesThe fines cases heard at Highbury Corner magistrates court differ markedly.It may host hearings for north London residents being chased for non-payment of their TV licence fee – where penalties as low as £55 prompt defendants to plead with magistrates to allow them to pay £2.50 a week. Continue reading...
  
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• Butcher, baker and revenue-maker: Crickhowell named UK's best high street

  16-11-2018 19:19
  Brecon Beacons town is fighting the dominance of supermarketsHJ and D Webb and Sons (motto: everything for your home and garden) has been trading in the market town of Crickhowell since 1936. As you pass the shop’s windows, the eye is caught by items ranging from comfy sofas to chainsaws.Mike Webb, who runs the store with his two brothers, said: “Shopworkers and workers do what they do because they love it. That makes a difference. Everyone pulls together. When we did a litter pick a
  
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• CBI backs May's Brexit deal and says no deal would lead to shortages

  16-11-2018 18:52
  Leading manufacturers make clear they are stepping up planning for no-deal BrexitBritain’s leading employers’ organisation has sought to bolster support for Theresa May with a warning to MPs that rejecting the prime minister’s Brexit deal would lead to shortages and prevent vital supplies reaching the public.In a show of support for May, the CBI said the agreement reached between London and Brussels represented hard-won progress and that going backwards would damage Britain&rsq
  
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• UK investors buy the dips on day of Brexit drama - Financial Times

  16-11-2018 18:48
  Financial Times
  UK investors buy the dips on day of Brexit drama
  Financial Times
  Private investors rushed to buy the “Brexit dip” this week, snapping up stakes in UK banks and housebuilders as parliamentary resignations over the draft EU withdrawal agreement threw the Brexit process into chaos. On Thursday, sterling experienced its ...en meer »
  
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• Let’s move to Portobello, Edinburgh: ‘It has a Rio-like promenade’

  16-11-2018 17:29 via theguardian.com
  Sand, sea ... shame about the climateWhat’s going for it? I always forget Edinburgh has a seaside. This would make the city perfect (all the best cities have a seaside), were it not for the distinctly un-Rio-like climate. Instead it’s almost perfect. For, although Portobello lacks Copacabana and 30C year-round heat, it does have sandy beaches and a Rio-like promenade peopled with joggers and lovers arm-in-arm, rollerbladers and scooter kids fronting a sweeping landscape of knobbly hi
  
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• India rupee latest: INR continues RECOVERY against US dollar as consumer confidence grows

  16-11-2018 16:49 via feedproxy.google.com
  INDIA has welcomed some breathing space for its rupee in recent weeks as the currency found itself boosted by tumbling oil prices across the map.
  
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• Bitcoin price PLUNGE: Expert explains why cryptocurrency PLUMMETED to new low this year

  16-11-2018 16:31 via feedproxy.google.com
  BITCOIN price plunged to its lowest value in more than a year this week and cryptocurrency expert Wayne Trench has said a "fairly unique market event" called forking is to blame.
  
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• UK competition regulator probes suspected financial services cartel - Financial Times

  16-11-2018 16:14
  Financial Times
  UK competition regulator probes suspected financial services cartel
  Financial Times
  The UK's competition regulator has launched an investigation into a suspected cartel in the financial services sector. The Competition and Markets Authority gave few details of the inquiry other than to say it related to “certain types of financial ...
  UK Competition Regulator Opens Probe Into Financial ProductsBloomberg Lawalle 4 nieuwsartikelen »
  
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• Bitcoin BOUNCE BACK? Crypto charts ‘suggest recovery coming’

  16-11-2018 15:49 via feedproxy.google.com
  BITCOIN took a battering on Wednesday, losing 10 percent in value over two days. But is Bitcoin due a short-term recovery, based on past performances?
  
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• Justin Bieber remix of Despacito part of £200m song catalogue sale

  16-11-2018 15:41
  Hipgnosis Song Fund offers investors the chance to cash in on royalties of famous artistsA London-listed firm offering investors the chance to cash in on the royalties from songs by famous artists has struck a multimillion pound deal for a catalogue including the Justin Bieber remix of global hit Despacito.Hipgnosis Song Fund, founded by the Merck Mercuriadis, the former manager of mega acts including Sir Elton John, Guns N’ Roses, Iron Maiden and Beyoncé, made its debut on the Lond
  
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• Investors worry over health of UK aviation industry - Financial Times

  16-11-2018 15:08
  Financial Times
  Investors worry over health of UK aviation industry
  Financial Times
  Aviation companies across Europe are having a hard time, and the UK is no exception. However, while all are suffering because of the higher oil price and increased compensation payouts for delays and cancellations caused by air traffic controller ...en meer »
  
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• Facebook told us it wasn't a typical big, bad company. It is | Jessica Powell

  16-11-2018 14:58
  The tech giant claimed to be bringing the world together for the benefit of humanity. The truth is far less palatableFacebook, like so many companies in Silicon Valley, has always told us it was a different kind of company. Not so much a business really, but a social utility. That it was linking the world for the benefit of democracy, friendship and human connection. Related: Facebook's pretensions have turned it into a useful idiot of the rightContinue reading...
  
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• Pound euro exchange rate: Should you buy your euros NOW?

  16-11-2018 14:54 via feedproxy.google.com
  THE pound felt the brunt of Brexit turbulence after plummeting against the euro in a day of political turmoil for Theresa May.
  
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• Kweku Adoboli had served his time. Deporting him was unspeakably cruel | Luke Butterly

  16-11-2018 14:00
  Britain was the former City trader’s home from childhood – yet he has been sent ‘back’ to GhanaKweku Adoboli came to the UK at the age of 12, and has lived his life here for the past 26 years, attending school and university. Yet on Wednesday night he was deported to Ghana, a country he has not lived in since he was four, and to which he has no connection. How did this happen?Adoboli was jailed in 2012 for his part in losing billions for UBS, while working as a junior ban
  
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• UK-dependent stocks hit by further Brexit volatility - Financial Times

  16-11-2018 13:32
  Financial Times
  UK-dependent stocks hit by further Brexit volatility
  Financial Times
  UK-dependent stocks have been hit by further volatility on Friday, but the pound has steadied as traders await the latest developments in the Brexit turmoil that engulfed UK markets a day earlier. After falling the most in two years on Thursday, the ...
  Billions wiped off UK bank stocks amid Brexit deal turmoilFinancial News
  UK's May appeals to public on Brexit, braces for more blowsFinancial Post
  Financial Ser
  
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• Eurozone WARNING: Mario Draghi warns of increased growth outlook uncertainty

  16-11-2018 13:15 via feedproxy.google.com
  MARIO DRAGHI has warned of increased uncertainty surrounding the growth outlook of the eurozone as he stood firm on plans for the European Central Bank to dial back stimulus.
  
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• EE and Virgin Media fined £13.3m for overcharging customers

  16-11-2018 12:12 via theguardian.com
  Almost 500,000 broadband and phone customers affected by excessive exit fees, says OfcomVirgin Media and EE have been fined more than £13m by Ofcom for overcharging customers who cancelled their phone and broadband contracts early. Virgin Media immediately said it would appeal against the telecoms regulator’s “unreasonable, unjustified and disproportionate” £7m fine. EE, which was responsible for overcharging nearly 80% of the almost 500,000 customers affected acros
  
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• Black Friday 2018: all the best UK deals as early offers get under way

  16-11-2018 12:06
  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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• FORGET FRANCE! London 'WILL remain at heart of European capital markets' post-Brexit

  16-11-2018 11:38 via feedproxy.google.com
  LONDON will remain “at the heart of European capital markets” after Brexit despite investor fears about leaving the EU, according to the chief financial officer of ABN Amro bank.
  
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• Pound US dollar exchange rate: GBP relief from sell-off, but more volatility expected

  16-11-2018 11:21 via feedproxy.google.com
  THE pound US dollar exchange rate has rallied 0.3 per cent this morning, propelling the pairing back above $1.28 after it slipped yesterday.
  
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• Pound LIVE: GBP Sterling STRUGGLING against euro after PLUMMETING in day of Brexit CHAOS

  16-11-2018 09:49 via feedproxy.google.com
  THE pound is still floundering against the euro this morning in the aftermath of the Brexit chaos which erupted in Britain and rattled the Government.
  
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• Homes in former train stations – in pictures

  16-11-2018 08:00 via theguardian.com
  Get on the right track with these five properties, from East Sussex to North Yorkshire Continue reading...
  
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• Shape of EU carbon market unclear after UK axes auctions - Financial Times

  16-11-2018 05:01
  Financial Times
  Shape of EU carbon market unclear after UK axes auctions
  Financial Times
  Europe's carbon market faces an uncertain few weeks over whether the UK, one of its biggest participants, will continue in its flagship system to curb pollution on the continent. Because of uncertainty over its exit from the EU, Britain has declined to ...en meer »
  
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• Bitcoin price CRASH: What caused sudden 10 percent PLUMMET in cryptocurrency’s value?

  16-11-2018 03:31 via feedproxy.google.com
  BITCOIN experienced a sudden drop in value on Wednesday after a prolonged period of record stability, which many experts said would produce a sharp move in either an upwards or downwards direction.
  
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• UK has lost two-thirds of bank branches in 30 years - Financial Times

  16-11-2018 01:02
  Financial Times
  UK has lost two-thirds of bank branches in 30 years
  Financial Times
  The UK has lost two-thirds of its bank branches in the past 30 years, sparking warnings that communities were losing access to mainstream financial services. New research by Which?, the consumer group, found there were 7,586 bank branches today, ...en meer »
  
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• UK banks urged to justify 'staggering' level of branch closures

  16-11-2018 01:01 via theguardian.com
  Which? survey finds 19% of population nearly two miles away from nearest bank branchBritain’s leading consumer group has called on banks to justify nearly 13,000 bank branch closures that have left millions of people struggling to access vital financial services across the UK.Figures compiled by the consumer charity Which? show that the UK has lost nearly two-thirds of its bank and building society branches over the past 30 years, from 20,583 in 1988 to 7,586 today. Continue reading...
  
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