Financial news

• Pound LIVE: Sterling holds against dollar and euro as May wins confidence vote

  12-12-2018 22:30 via feedproxy.google.com
  THERESA MAY has won a confidence vote in Parliament, prompting the pound sterling to hold firm against the euro and the dollar despite a short drop after the result on Wednesday evening.
  
  Read more

• New Jersey urged to enforce ‘code of conduct’ for Amazon workers

  12-12-2018 22:14
  Report details dangerous and unstable work conditions in dozens of warehouse distribution centers for Amazon and other retailersA coalition of labor advocacy groups is pushing New Jersey to enforce a “code of conduct” for warehouse workers at Amazon and other major online retailers, which includes a minimum wage, stabilized work hours and the right to unionise.A report released on Wednesday by Warehouse Workers Stand Up, details the dangerous and unstable work conditions that exist i
  
  Read more

• Pound to euro exchange rate: Strengthening pound indicates business wants May VICTORY

  12-12-2018 19:58 via feedproxy.google.com
  POUND Sterling has continued to strengthen against the euro as MPs indicate support for Prime Minister Theresa May as her political future hangs in the balance, an economist has said.
  
  Read more

• Premium crispbread brand PETER’S YARD seeks next stage growth investment

  12-12-2018 19:33 via feedproxy.google.com
  Premium crispbread brand Peter’s Yard is to seek external growth investment next year after sweeping the board with sourdough recipes hailed as the best match for cheese.
  
  Read more

• Advertisement

• Sainsbury’s and Asda challenge CMA over merger

  12-12-2018 19:27
  Competition and Markets Authority is investigating fallout of planned deal for shoppers and suppliersSainsbury’s and Asda have launched a legal challenge after complaining they are unable to meet the deadlines of the competition watchdog investigating their planned £7.3bn merger.The deal, which was announced in April, promises to create a new force in UK supermarket retailing that would usurp Tesco as the market leader. Continue reading...
  
  Read more

• Yahoo parent Verizon cuts value of media brands by $4.6bn

  12-12-2018 19:21
  US telecom firm’s Oath, which includes Huffington Post and AOL, is now worth $200mThe collective value of digital media brands including Huffington Post, Yahoo and AOL, which once had a stock market capitalisation of more than $200bn (£158bn), has been slashed to only $200m by their parent Verizon.The US telecoms company has taken a $4.6bn charge on the goodwill value of Oath, the digital media subsidiary that houses properties including HuffPo, Yahoo and AOL, leaving it worth about
  
  Read more

• HANDMADE CHRISTMAS CO’s big Target deal promises sacks of cash

  12-12-2018 19:17 via feedproxy.google.com
  The Handmade Christmas Co, a small business making personalised festive stockings, sacks, baubles and wrapping paper, has landed a £1.5 million deal to supply US retail giant Target, the country’s second largest retailer.
  
  Read more

• Scotland freezes threshold for higher-rate income tax

  12-12-2018 19:16
  Scottish finance secretary to freeze threshold for higher-rate income tax at £43,431 to help finance cuts for least well-offScotland’s top earners face higher income tax bills to help finance cuts for the least well-off and an increase in spending on hospitals and nurseries, the Scottish government has announced.Derek Mackay, the Scottish finance secretary, said he would freeze the level at which higher-rate tax will be paid, which is £43,431, from next April rather than raisin
  
  Read more

• Advertisement

• Any boost to sterling if the PM survives is not likely to last | Larry Elliott

  12-12-2018 18:56
  Brexit’s unresolved problems mean the pound will still be vulnerable even if the PM staysNews that Theresa May was facing a confidence vote from her own MPs broke just before trading began in the City. But those expecting a market meltdown were swiftly proved wrong. Shares had one of their better recent days and the pound rose on the currency markets. If, as the old cliche has it, financial markets react badly to uncertainty it was hard to tell as much.The upbeat mood in the equity markets
  
  Read more

• Endless work leaves no time to volunteer | Letters

  12-12-2018 18:46 via theguardian.com
  Many of today’s volunteers are pensioners, but where will tomorrow’s come from when people are expected to work into their late 60s, asks Ruth EversleyMany of the volunteers who help out with food banks, prison visitor schemes, historical walks, art galleries and the like (Letters, 10 December) are fit, healthy pensioners who are happy to give up a couple of hours or days a week to do their bit, perhaps out of guilt as much as altruism: we are, after all, the ones who benefited from
  
  Read more

• Landlord fined £25,000 over lack of hot water for disabled tenant

  12-12-2018 18:34 via theguardian.com
  Judith Wilson, who owns 300 houses in Kent, ignored council enforcement noticesThe wife of Britain’s most controversial buy-to-let landlord, Fergus Wilson, has been ordered to pay £25,000 in fines and legal costs after a court ruled that she had failed to supply hot water to a disabled tenant.The court found that Judith Wilson, who revealed she has more than 300 houses in her name in the Ashford, Kent area, ignored council enforcement notices demanding she fix the problem. Continue r
  
  Read more

• Germany economy boom is OVER: German government SLASHES growth forecast

  12-12-2018 17:43 via feedproxy.google.com
  GERMANY is seeing a cooldown in its economic boom with the government slashing growth forecast for this year.
  
  Read more

• Revealed: Google's 'two-tier' workforce training document

  12-12-2018 16:32
  Exclusive: internal document shows how Google employees are trained to treat temps, vendors and contractorsGoogle staff are instructed not to reward certain workers with perks like T-shirts, invite them to all-hands meetings, or allow them to engage in professional development training, an internal training document seen by the Guardian reveals.The guide instructs Google employees on the ins and outs of interacting with its tens of thousands of temps, vendors and contractors – a class of w
  
  Read more

• Neil Young's made a start, but the arts must do more to oppose dirty money | Molly Scott Cato

  12-12-2018 16:22
  Galleries and arts promoters should be made to feel too ashamed to take money from industries linked with climate breakdownThose attending the COP24 climate negotiations in Katowice, Poland, this week have been greeted by a bizarre sight: an artistic celebration of one of the main fuels responsible for destroying the global climate. Katowice is the centre of Poland’s coal industry, and despite hosting a conference that represents the last chance saloon when it comes to taking meaningful ac
  
  Read more

• Save money: Financial tips to take into the New Year - but you must START NOW

  12-12-2018 14:53 via feedproxy.google.com
  THE start of a new year is fast approaching, but hard-working Brits are being urged to act now to take control of their money in 2019.
  
  Read more

• Pound euro exchange rate: GBP climbs as Theresa May faces no confidence vote

  12-12-2018 13:19 via feedproxy.google.com
  THE pound euro exchange rate is currently up 0.2 per cent at a rate of €1.105 on the news that Theresa May will face a vote of no-confidence later today.
  
  Read more

• Pound US dollar exchange rate: GBP strengthens as Theresa May warns of Brexit delay

  12-12-2018 13:13 via feedproxy.google.com
  THE pound US dollar exchange rate is currently trading at $1.253, rising roughly 0.3 per cent this morning, and edging away from its 20-month low.
  
  Read more

• Pound to euro exchange rate: What happened to GBP after Theresa May no confidence speech?

  12-12-2018 11:45 via feedproxy.google.com
  A VOTE OF NO CONFIDENCE was triggered Wednesday morning to challenge Prime Minister Theresa May’s leadership. And following the declaration, something strange happened to the British Pound. What happened to Sterling after Theresa May’s vote of no confidence announcement?
  
  Read more

• Dixons Carphone loses £440m in six months

  12-12-2018 10:03
  Electronics retailer plans cost-savings of £200m to claw back losses but rules out job cutsDixons Carphone slumped to a loss of £440m in the first half of its financial year, with the struggling electronics retailer announcing more than £200m of cost savings.The big loss came in part because the company, formed through the merger of Dixons with Carphone Warehouse in 2014, was forced to write down the value of the mobile retailing brand which is unprofitable, by £344m. Con
  
  Read more

• Pound LIVE: GBP Sterling JUMPS against euro and dollar as May 'to RESIGN' after Brexit

  12-12-2018 09:22 via feedproxy.google.com
  THE pound continued to climb against the euro and US dollar this afternoon after Number 10 hinted Prime Minister Theresa May will stand down before the next General Election.
  
  Read more

• Guardian podcast: We need to talk about … the death of the high street

  12-12-2018 07:00
  Guardian journalists, supporters and industry experts discuss the failing health of UK high streets and the impact on communities. What can local spaces offer that out-of-town shopping centres and online giants can’t?UK high streets are facing the quietest Christmas since the credit crunch, according to forecasts. A combination of low consumer confidence caused by Brexit, more agile, online competitors and shoppers increasingly opting to buy experiences instead of products are just some of
  
  Read more

Follow @financialnwsUK on Twitter!