Financial news

• Dow up more than 1,000 points in biggest one-day gain ever

  26-12-2018 22:26 via theguardian.com
  US markets rally, with S&P 500 Index and Nasdaq also recording major gains after worst-ever Christmas EveUS stock markets staged a post-Christmas rally on Wednesday, soaring sharply higher after their worst ever performance on Christmas Eve. Related: Markets braced for turmoil as Trump and Christmas sell-off feed uncertaintyContinue reading...
  
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• Germany CRISIS WARNING: Wave of bankruptcy to hit EU financial giant next year

  26-12-2018 22:06 via feedproxy.google.com
  GERMANY could be battered by a wave of bankruptcies in the new year with multiple industries vulnerable to a financial dip.
  
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• How Courtney cornered Christmas with cost-efficient collaborations

  26-12-2018 18:02 via feedproxy.google.com
  Exhibitions organiser Christmas in July is in sparkling form as it enters 2019 with the biggest bank of advance bookings yet for its challenger showcase that offers businesses a cost-effective way to promote their festive products.
  
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• Boxing Day sales draw fewer UK shoppers

  26-12-2018 16:36 via theguardian.com
  Number of visitors to shopping centres, high streets and retail parks drops 3.1% compared with last year
  ‘I like to get my hands on things’: Boxing Day shoppers hit the sales
  The number of shoppers visiting retailers on Boxing Day has fallen for the third year in a row as worries about the economy and the rise of internet shopping take their toll on high streets.The average number of visitors to shopping centres, high streets and retail parks had slid 3.1%year-on-year by 4pm on Wedne
  
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• Sir Martin Sorrell: Facebook row hasn't deterred advertisers

  26-12-2018 14:34 via theguardian.com
  Ex-WPP chief says marketers are turning to Instagram and predicts more digital growthAdvertisers are declining to join the backlash against Facebook, according to Sir Martin Sorrell, despite a year of scandal at the social networking giant.Facebook still enjoys a near-duopoly over digital advertising alongside Google, even though investors have wiped nearly a third off the company’s value this year. The firm has faced criticism over the distribution of fake news on its platform and the rev
  
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• Outside the EU, Britain faces a bleak future in Trump’s world | Simon Tisdall

  26-12-2018 13:06 via theguardian.com
  The US president is rewriting the international rule book that the UK will rely on to survive if it goes it aloneDisagreements over the terms of Britain’s departure from the EU are obscuring the daunting international challenges that await the country once it supposedly shakes off Europe’s shackles. It’s a tough, unforgiving world out there, and 2019 is shaping up to be an even bigger rough-house than usual. By jettisoning a pivotal alliance, Britain no-mates is seriously weake
  
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• Why did Aldi sell me a Christmas tree I couldn't carry?

  26-12-2018 08:00 via theguardian.com
  Sending back a large item that turned out not to be as described proved almost impossibleI bought an artificial Christmas tree from Aldi’s website for £44.99 which was described as being supplied in a box with a handle and having hinged branches. When I started setting it up, I realised the branches on the top third of the tree were not hinged, and it was in a box with no handle.I called customer services as the tree was not as described and was told the only option was to return it.
  
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• Top Amazon boss privately advised US government on web portal worth billions to tech firm

  26-12-2018 07:00 via theguardian.com
  Exclusive: Emails show how tech firm has tried to gain influence and potentially shape lucrative government contractsA top Amazon executive privately advised the Trump administration on the launch of a new internet portal that is expected to generate billions of dollars for the technology company and give it a dominant role in how the US government buys everything from paper clips to office chairs. Related: Alexa's advice to 'kill your foster parents' fuels concern over Amazon EchoContinue readi
  
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• Londoners buy £30bn worth of property outside capital, the most since 2007

  26-12-2018 04:03 via theguardian.com
  More than 75% stay within the south-east, but one in five head for Midlands or north in search of a new lifeLondoners bought an estimated £30bn worth of property elsewhere in Britain this year – the highest amount since 2007 as buyers seek out better value for money, a report has found. The total value of homes purchased by Londoners outside the capital previously peaked at £37bn in 2007, Hamptons International said.Continue reading...
  
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• Wonga collapse clears decks for US payday loan firms in UK market

  26-12-2018 01:01 via theguardian.com
  US lenders emerge as big players despite customer complaints and high-cost credit clampdownUS-owned lenders have emerged as some of the biggest players in the UK payday loans market after the collapse of the former industry mainstay Wonga.QuickQuid, WageDayAdvance and Sunny – owned by American-listed firms Enova, Curo and Elevate Credit, respectively – have made strides despite a clampdown on high-cost credit by Britain’s financial regulator and a recent surge in customer compl
  
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• Treasury urged to hire woman as Bank of England governor

  26-12-2018 01:01 via theguardian.com
  Bosses must tackle gender imbalance when replacing Mark Carney, say MPsThe Treasury needs to work harder to find a woman to succeed Mark Carney as governor of the Bank of England, according to two of parliament’s most influential select committee chairs.The Labour MP Rachel Reeves, who chairs the business select committee, and the independent MP Frank Field, the head of the work and pensions select committee, said the central bank also needs to use the appointment of a new governor to reac
  
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• Shell says it wants to double green energy investment

  26-12-2018 01:01 via theguardian.com
  Company already committed to spend $1bn-$2bn annually in the next two years on low carbon energyShell has declared an ambition to double the amount it spends on green energy to $4bn (£3.2bn) a year, in a sign of how the Anglo-Dutch company is looking to speed up its move to a future beyond oil and gas.Maarten Wetselaar, the head of the gas and new energy unit which generates a third of the company’s revenues, said he wanted to raise Shell’s investment in low carbon energy. Cont
  
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• 'Absolute revolution': UK biotech firms thrive despite Brexit threat

  26-12-2018 01:01 via theguardian.com
  Booming sector received nearly £1.6bn from investors in first eight months of 2018 Biotech is one of the most promising parts of the British drug industry, not least according to the investors who continue to pump vast sums into the sector despite the looming shadow of Brexit. In the first eight months of 2018 alone it received nearly £1.6bn, compared with £1.2bn for the entirety of 2017.An unassuming building in a science park near the Hertfordshire town of Stevenage is hostin
  
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