Financial news

• Trump says Brexit deal may damage UK-US trade - Financial Times

  26-11-2018 22:19
  Financial Times
  Trump says Brexit deal may damage UK-US trade
  Financial Times
  Donald Trump has slammed the UK prime minister's Brexit deal, saying it would benefit the EU while damaging the UK's ability to trade with the US. The US president's comments on Monday came hours after Theresa May encountered a hostile response in ...
  Key points in the EU-UK Brexit agreementFinancial Post
  UK fails to secure improvements to future EU financial services accessReutersalle 9.206 nieuwsartikelen 
  
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• It will take more than a merger for BDO to challenge rivals

  26-11-2018 20:25
  The Competition and Markets Authority and government still need to shake up the auditing industryAlways read the qualifications in an audit report. The same applies to the planned merger of BDO and Moore Stephens to create the UK’s fifth largest firm of auditors and consultants. The deal signals “desire” to improve competition at the top end of the market, according to the partners. That is a long way short of being a claim that the UK’s cosy-looking auditing industry is
  
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• Best-smeller: Malaysia cashes in on Chinese demand for durian fruit

  26-11-2018 19:59
  Prices of ‘Musang King’ variety of stinky delicacy have nearly quadrupled in five yearsThe stinky, spiky durian will become Malaysia’s next big export as the south-east Asian nation rushes to develop thousands of hectares to cash in on unprecedented demand from China for the fruit.The durian was once only planted in family orchards and small farms, but now the Malaysian government is encouraging large-scale farming of the fruit – described by some as smelling, when ripe,
  
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• Shares rally as Italy edges away from Brussels budget clash

  26-11-2018 19:44
  Frankfurt’s Dax index rises by 1.45%, while the City’s FTSE 100 ends day up by 1.2% Italy has shown the first signs of backing away from a budget clash with Brussels, sparking a share rally in Rome.On a day when equities rose across the globe, tentative signs of progress in negotiations between the European commission and Italy’s populist leaders resulted in the key barometer of the Italian stock market rising by almost 3%. Continue reading...
  
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• Theresa May's Brexit deal could cost UK £100bn over a decade

  26-11-2018 18:18
  People’s Vote-commissioned study says loss is equivalent to annual output of WalesTheresa May’s Brexit deal is expected to cost the UK economy as much as £100bn over the next decade compared with remaining in the EU, according to one of the country’s leading economic thinktanks. An analysis of the prime minister’s EU withdrawal agreement from the National Institute of Economic and Social Research suggested that by 2030, Britain would lose GDP growth equivalent to th
  
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• Property downturn could reduce number of affordable homes built by 25%

  26-11-2018 18:15 via theguardian.com
  Savills estimates 100,000 new homes a year need to be priced below going market rateA major downturn in the housing market could reduce the number of affordable homes built by a quarter, the property firm Savills has warned.Savills estimates that about 100,000 new homes a year – a third of the government’s 300,000 target – need to be priced at levels below the going market rate, whether for rent or for sale. Continue reading...
  
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• More than 25% of UK pubs have closed since 2001

  26-11-2018 18:10 via theguardian.com
  Small venues and pubs near major cities among most likely to have gone, according to ONSMore than a quarter of Britain’s pubs have closed their doors since the turn of the millennium, according to “shocking” official figures that have prompted fresh calls for the government to step in.The Office for National Statistics (ONS) said the number of pubs had fallen from 52,500 in 2001 to 38,815, with landlords on the outskirts of major cities most likely to have called last orders fo
  
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• Trump says he isn't happy with General Motors' decision to shed 14,700 jobs

  26-11-2018 17:21
  President says ‘They better get back to Ohio, and soon’ after two US plants and one in Canada affectedGeneral Motors has announced it will halt production at five North American facilities and cut 14,700 jobs as it deals with slowing sedan sales and the impact of Donald Trump’s tariffs.More than 6,000 blue-collar jobs will be hit by GM plans to stop production at a car plant in Canada and two more in Ohio and Michigan. Two transmission plants in the US will also be mothballed,
  
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• Margaret Thatcher eligible to be scientist on new £50 note

  26-11-2018 15:14
  Bank of England has received nearly 175,000 nominations in search for notable personMargaret Thatcher has been included on the Bank of England’s list of candidates who might be pictured on the new £50 note, which will celebrate the UK’s contribution to the field of science. Related: Turing, Lovelace or Franklin? Your choices for the new £50 noteContinue reading...
  
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• Parent company of Smallbone of Devizes on brink of collapse

  26-11-2018 14:52
  Kitchen maker’s owner files notice of intention to appoint administratorsThe parent company of Smallbone of Devizes, the British maker of high-end kitchens whose customers have included Dustin Hoffman, Liz Hurley and Oprah Winfrey, is on the brink of collapsing into administration. Smallbone’s owner Canburg, a private company that also owns the Mark Wilkinson and Brookmans furniture brands, has filed a notice of intention to appoint the accountancy firm Grant Thornton as administrato
  
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• May’s Brexit deal quietly gambles with our rights at work | Jason Moyer-Lee

  26-11-2018 14:46
  The agreement leaves wide open the future of EU protections on discrimination at work, equal pay and paid holidaysOf the various ways in which Brexit represents a threat to workers’ rights, the loss of EU employment law is one of the gravest. EU law – which covers everything from discrimination at work to equal pay and paid holidays – is important not just because in some cases it introduces rights that didn’t previously exist, but also because in effect it supersedes dom
  
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• Arsenal leads charge into battery power at Emirates Stadium

  26-11-2018 14:00
  Club is first in UK to use large-scale system with capacity to last an entire matchArsenal has become the UK’s first football club to install large-scale battery energy storage, in a bid to cut electricity costs and support green energy.Tucked in the basement of the Emirates, the system is capable of powering the 60,000-seat stadium for an entire match, or the equivalent of 2,700 homes for two hours. Continue reading...
  
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• UK has weakest wage growth in advanced G20 nations, says ILO

  26-11-2018 13:30
  Britain ranks bottom in group of nine wealthy countries for pay performance since 2009Workers in Britain have had the weakest real wage growth among the most advanced nations in the G20, according to UN data showing the scale of the UK’s “lost decade” for pay.According to the International Labour Organization, Britain ranked bottom of a group of nine wealthy nations for its pay performance since 2009, after the financial crisis. Continue reading...
  
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• Italy to BACKTRACK on budget? Matteo Salvini hints Rome COULD BOW to EU pressure

  26-11-2018 11:40 via feedproxy.google.com
  ITALY’S deputy Prime Minister Matteo Salvini has signalled Rome could bow to pressure from European Union finance chiefs by lowering its controversial deficit budget.
  
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• Pound euro exchange rate: GBP unsteady as Theresa May prepares to sell deal to Parliament

  26-11-2018 11:23 via feedproxy.google.com
  THE pound is currently trading at a rate of €1.128 which is down around 0.2 per cent on its opening levels.
  
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• Does setting inflation targets cloud our view of the economy? | Robert Shiller

  26-11-2018 11:23
  They aim to promote stability, but might actually increase uncertainty about real things like home values or investmentsIn many countries, inflation has become so low and stable in recent decades that it appears to have faded into the woodwork. Whereas galloping inflation was once widely viewed as the number one economic problem, today most people – at least in the developed countries – hardly ever talk about it or even pay attention to it. But “silent inflation” still ha
  
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• Cyber Monday 2018: guide to the best UK deals and offers

  26-11-2018 11:12 via theguardian.com
  Our handy guide to the best deals in the annual online shopping extravaganza Cyber Monday: UK’s sales splurge to top £7bn
  Cyber Monday, one of the busiest online shopping days of the year, marks the end of a fortnight-long, £10bn shopping bonanza.Coming hot on the heels of Black Friday, Cyber Monday is another big milestone for retailers in the run-up to Christmas. Some of them run their promotions until early December. Here is the Guardian’s guide to the best deals. Cont
  
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• Carlos Ghosn sacked as Mitsubishi Motors chairman

  26-11-2018 11:09
  Carmaker’s board follows Nissan in ousting executive after misconduct allegationsCarlos Ghosn has been sacked as chairman of Mitsubishi Motors, a week after he was arrested in Japan following allegations that he under-reported his income by millions of dollars – a crime that carries a possible 10-year prison sentence.Seven of the eight members of the board of Mitsubishi, part of an industry alliance created by Ghosn that also includes Renault, held an extraordinary meeting on Monday
  
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• Pound LIVE: GBP Sterling under pressure against euro as May braced for Commons statement

  26-11-2018 09:56 via feedproxy.google.com
  THE pound euro exchange rate remains close to €1.130 this morning as Brexit negotiations continue to be the main mover for the pairing.
  
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• Brexit won't just affect the UK – it has lessons for the global economy | Mohamed El-Erian

  26-11-2018 09:14
  Exiting the EU highlights the risks of economic and political fragmentationThe singular issue of Brexit has consumed the United Kingdom for two-and-a-half years. The “if”, “how” and “when” of the country’s withdrawal from the European Union, after decades of membership, has understandably dominated news coverage, and sidelined almost every other policy debate. Lost in the mix, for example, has been any serious discussion of how the UK should boost produc
  
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• Weak security at a cycle park made my bike an easy target

  26-11-2018 08:00 via theguardian.com
  The hoops at Cycle Point in Cambridge didn’t seem to be secured properly to the floorIn July I locked my bike at Cambridge station in Cycle Point, a new multi-storey park for bicycles that was designed to be safe and secure with more than 100 CCTV cameras. I used a Solid Secure Gold-rated D-lock through the frame and wheel to secure it to a “Sheffield”–style hoop. But it was stolen as a result of the hoop being unbolted from the floor.Further investigation showed the hoop
  
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• At 55, my brother said I was too old to get a mortgage

  26-11-2018 08:00 via theguardian.com
  He also said the government’s help-to-buy scheme was only for younger peopleQ I would like to know if I am eligible for the help-to-buy scheme. I am currently 54 but will be 55 in January 2019 and rent a room for £670 per month. One of my brothers has told me that I would never get a mortgage at my age and also that help-to-buy is only aimed at young first-time buyers. My other brothers say that I am already paying a mortgage by renting. JHA Your brothers are talking rubbish. Your ag
  
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• Cyber Monday to take UK's weekend sales splurge over £7bn

  26-11-2018 07:00 via theguardian.com
  Millions of bargain hunters are expected to go online, dealing further blow to the high streetCyber Monday 2018: the best UK deals and offers
  Shoppers in Britain were poised to carry on splashing the cash into Cyber Monday, with some forecasts suggesting they planned to spend more than £7bn across Black Friday and the online shopping day.Millions of bargain hunters are expected to go online on Monday to take advantage of generousbargains, dealing a further blow to the struggling high stree
  
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• Bitcoin price CRASH: Crypto to suffer more losses NEXT WEEK as value PLUMMETS says expert

  26-11-2018 05:08 via feedproxy.google.com
  BITCOIN could suffer “an 11 percent drop next week” as the world’s leading cryptocurrency experiences its worst price plunge since September 2017, with the asset falling below $3,600 on Sunday, according to CoinMarketCap.
  
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