Financial news

• Susanna Dinnage pulls out of becoming Premier League chief executive

  30-12-2018 19:56 via theguardian.com
  • Dinnage named as Richard Scudamore’s successor last month
  • TV executive’s decision a huge blow to organisationThe Premier League has been rocked by the shock withdrawal of Susanna Dinnage from the role of chief executive, to which she was appointed with some fanfare only last month.Currently the global president of Animal Planet, part of the Discovery group of TV channels, Dinnage was described as “the outstanding choice” when she was announced as the replace
  
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• Retailers' Christmas woes to become clearer this week

  30-12-2018 17:08 via theguardian.com
  Early data shows a drop in footfall of 3% on last year – the third consecutive annual fallInvestors will this week gain a clearer picture of retailers’ performances over the crucial Christmas period, as vultures circle the sector after HMV became the first victim of weak sales.Initial data from Springboard, a retail consultancy, showed that footfall in the week to Saturday fell by around 3% compared with last year, in line with declines seen throughout the Christmas trading period. I
  
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• The Guardian view on the gig economy: rights need enforcing | Editorial

  30-12-2018 16:50 via theguardian.com
  Proper patrolling of workers’ rights is welcome. If the losers in the gig economy are to be helped, ministers must be tougherThe increased level of intervention by the government in the labour market since Theresa May became prime minister is both rational and humane. The UK economy is too reliant on low-wage, low-skilled jobs, many of which are also insecure. While unemployment remains low, and in-work poverty is a serious problem, there is no good reason for ministers not to apply pressu
  
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• Food prices to finance: what a no-deal Brexit could mean for Britain

  30-12-2018 15:56 via theguardian.com
  Guardian journalists spell out the potential impact, sector by sector, on national lifeIf Theresa May fails to get her deal through parliament in January, the prospect of the UK leaving the EU without a deal becomes more likely. Here, Guardian journalists examine what a no-deal Brexit could mean for the country, sector by sector. Continue reading...
  
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• HMV is a bedrock of the British music industry – its loss would affect us all

  30-12-2018 14:31 via theguardian.com
  The retail chain, now in administration for the second time, weaves music culture into the fabric of our cities – something Spotify can never doThis particular music nerd dutifully filled out his HMV application form in April 1997, and on it wrote that his musical hero was the maverick and frequently unlistenable industrial auteur Jim “Foetus” Thirlwell. Amazingly, the manager of the Southampton store appeared not to view this as a reason to hurl the document into the nearest w
  
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• Ten things to look out for if UK is heading for economic recession | Larry Elliott

  30-12-2018 13:41 via theguardian.com
  Crashes seem to come round once a decade. Are we looking down the barrel of a new one?Recessions are always easy to spot in retrospect. With the benefit of hindsight, it is always easy to identify the warning signs of serious trouble ahead.Correctly forecasting recessions in advance demands a higher level of skill, as the Bank of England found in 2008 when it mistook the biggest slump since the second world war for a temporary growth slowdown. Continue reading...
  
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• China's Xi Jinping calls on Donald Trump for trade compromise

  30-12-2018 13:28 via theguardian.com
  Presidents express willingness to stick to G20 agreement in phone call, says news agencyChina’s president, Xi Jinping, has called for Donald Trump to reach a compromise on trade, as discussions continue in an attempt to avert the imposition of heavy tariffs on goods.Xinhua, a Chinese state-controlled news organisation, reported on Sunday that Xi told Trump in a telephone call that he had “hopes that both teams can meet each other halfway and reach an agreement beneficial to both coun
  
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• Festive financial hangover? Get your spending under control in the new year

  30-12-2018 09:00 via theguardian.com
  Avoiding tax fines, ditching overpriced deals on energy and paying more off the mortgage are all excellent ways of boosting your bank balanceWith the wrapping paper tidied away and the final leftovers from Christmas dinner eaten, thoughts turn to fresh beginnings. There are books to read, marathons to run, courses to take and holidays to organise. All may feature on your list of best intentions for 2019 – along with sorting out your finances. Even though the hangover from Christmas spendin
  
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• The UK’s house price boom is slowing: and that’s welcome news

  30-12-2018 08:00 via theguardian.com
  A moderate rise in prices in 2019 could mean an unsustainable boom will have ended in a soft landingBritain’s passion for rising house prices is both strange and irrational because by any yardstick a surging property market is bad news. It makes people feel wealthier than they actually are and so encourages them to take on more debt than they can afford. It diverts investment from more productive uses. It helps those who own housing assets at the expense of renters. And for every boom ther
  
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