Financial news

• British Gas masks customers' intense rush for the exit | Nils Pratley

  22-11-2018 20:17
  Owner Centrica’s shrunken share price shows its investors are losing faithCentrica is making progress, apparently. Look, British Gas customers are fleeing at a rate of only 93,000 a month this year, as opposed to the 100,000-plus that were deserting on average every month during 2017. Related: Centrica shares sink to near 15-year low as customers numbers fallContinue reading...
  
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• Virgin Atlantic in talks over takeover bid for Flybe

  22-11-2018 19:34 via feedproxy.google.com
  VIRGIN Atlantic is in talks about a takeover bid for regional airline Flybe, which last week put itself up for sale after revealing it was struggling under growing financial pressure.
  
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• UAE raises prospect of pardoning UK student accused of spying - Financial Times

  22-11-2018 19:30
  Financial Times
  UAE raises prospect of pardoning UK student accused of spying
  Financial Times
  The United Arab Emirates has raised the prospect that a jailed British student could be pardoned as it moved to defuse a diplomatic row with the UK. Matthew Hedges, a 31-year old PhD candidate at Durham university, was sentenced to life imprisonment on ...en meer »
  
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• There is a lot that is scary about Amazon – but hate the economic system not the enormous global company | Eleanor Robertson

  22-11-2018 18:00
  Amazon relies on people’s love for good deals overriding any concerns about worker mistreatmentThis week was an important one for me: it marked the one-year anniversary of my failed attempt to buy some bendy rollers. I wanted these because my cheap-ass curling iron was destroying my hair, and every time I used it I ended up with tiny burns all over my hands.My plan was simple: I would catch the bus to a nearby food court, buy a bowl of my favourite soup for lunch and then pop into the adja
  
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• Tell us: what's the rail service like in your area of the UK?

  22-11-2018 16:02
  We’d like you to help us document the state of train services across the UK. Share your experiences Rail services in the UK have been particularly challenging for passengers in 2018. The debacle of timetable changes in May led to thousands of train cancellations over several weeks on Govia Thameslink services and Northern. Strikes by railway workers on Northern and South Western Railway, as part of a long-running dispute over the use of guards on trains, have also led to cancellations and
  
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• UK and EU agree draft declaration for Brexit deal - Financial Times

  22-11-2018 13:14
  Financial Times
  UK and EU agree draft declaration for Brexit deal
  Financial Times
  Britain and Brussels have agreed a draft political declaration that pledges an “ambitious, broad, deep and flexible partnership”, according to a leaked document on future relations that is due to be approved at a summit on Sunday. Donald Tusk, European ...
  UK secures no improvements in future EU financial services accessNasdaq
  UK and EU agree draft declaration on Brexit dealFinancial News
  The Late
  
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• MPs criticise tech groups and UK government over terror attacks - Financial Times

  22-11-2018 12:52
  Financial Times
  MPs criticise tech groups and UK government over terror attacks
  Financial Times
  Technology groups such as Google and Facebook should be boycotted by advertisers unless they do more to tackle extremism, according to a report by British lawmakers which highlighted missed opportunities by MI5 to stop last year's terror attacks. In a ...en meer »
  
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• Germany MELTDOWN: DAX falls as German finance minister admits BREXIT will savage growth

  22-11-2018 12:42 via feedproxy.google.com
  THE DAX tumbled this morning as the German finance minister warned Brexit is a risk factor for growth in Europe.
  
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• New price cap plan to stop excessive rent-to-own fees

  22-11-2018 12:07 via theguardian.com
  Financial watchdog to cap credit charges and fees at 100% of cost of original productThe City watchdog has proposed a 100% price cap on rent-to-own companies in a clampdown on “excessive charges” expected to save 300,000 vulnerable customers up to £22.7m a year.High interest charges levied by firms such as BrightHouse, which sell household appliances and electrical goods on credit, mean items can cost four times the average retail price, when insurance and warranties are includ
  
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• Pound LIVE: GBP Sterling SOARS against euro as UK and EU reach Brexit breakthrough

  22-11-2018 09:52 via feedproxy.google.com
  THE pound has surged against the euro this morning after a leaked document claimed EU and UK officials have agreed a Brexit deal in principle.
  
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• Mothercare UK warns on financial performance remaining 'volatile' as UK sales ... - Independent.ie

  22-11-2018 08:53
  Independent.ie
  Mothercare UK warns on financial performance remaining 'volatile' as UK sales ...
  Independent.ie
  Baby retailer Mothercare UK has warned that its financial performance will remain "volatile" as it reported a crash in UK sales. The firm posted an 11.1pc decline in UK like for like sales in the six months to October 6, while total sales fell 14.3pc ...en meer »
  
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• Europcar chased me for a fine from a city I never visited

  22-11-2018 08:00
  It charged me a £40 ‘admin fee’ over an offence five days before I hired the carI recently hired a car for my wedding. Later, I received a letter from Europcar forwarding a Penalty Charge Notice for an offence committed five days before my hire started in a city I’ve never visited. The letter stated that Europcar had passed my details to the council that issued the fine and invoiced me for a £40 admin fee. Europcar has ignored my attempts to resolve the situation an
  
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• We overdo our respect for the EU. Britain can flourish outside it | Larry Elliott

  22-11-2018 07:00
  The left needs to work on its own plan to rebuild our economy, and that will be easier after BrexitTheresa May’s mantra should fool no one. While the prime minister insists repeatedly that her Brexit blueprint will mean the UK controlling its borders, laws and money, the real aim of the government is to keep as close as possible to the status quo.Whitehall, with the Treasury to the fore, was highly pessimistic about Britain’s economic prospects outside the EU and hasn’t changed
  
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• UK bed seller turns to Sweden for risky debt deal - Financial Times

  22-11-2018 06:01
  Financial Times
  UK bed seller turns to Sweden for risky debt deal
  Financial Times
  With sterling debt investors shaken by the growing strain on the UK high street, British bed seller Dreams is turning to an unusual source of funding: Sweden. Owner Sun Capital Partners this week began marketing a €175m high-yield bond under Swedish ...
  
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• EDF seeks to charge customers upfront for UK nuclear plants - Financial Times

  22-11-2018 05:01
  Financial Times
  EDF seeks to charge customers upfront for UK nuclear plants
  Financial Times
  EDF is pushing a plan to finance nuclear investment in Britain that it claims would cut the cost of power from new reactors to levels competitive with gas and renewable energy. The French state-backed power utility wants to use a technique commonly ...
  
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