Financial news

• Why the Singapore model won’t work for the UK post-Brexit

  02-01-2019 19:47 via theguardian.com
  The city state has a strange appeal to some Tories yet even its prime minister doubts its approach would work in BritainThe foreign secretary, Jeremy Hunt, on a visit to Singapore to learn how such a relatively isolated city state has become so successful is only the latest, but most explicit, of a long line of Tory ministers to extol it as the model for the UK post-Brexit.Quite how Singapore, an authoritarian state capitalist economy akin to China, has become the pre-eminent Tory model for the
  
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• Methodist fund wrote to Ted Baker about harassment allegations

  02-01-2019 19:38 via theguardian.com
  Stakeholder demanded an investigation into staff claims against CEO Ray KelvinThe clothing brand Ted Baker has come under fire from the Methodist church over the harassment scandal that forced the company’s founder, Ray Kelvin, to take a leave of absence.Epworth, a fund manager owned by the Methodist church, wrote to Ted Baker last month to demand an investigation into the allegations against Kelvin after 300 former and current staff signed an online petition complaining about behaviour in
  
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• Pensions: Don't delay – get your pension plans in place

  02-01-2019 19:36 via feedproxy.google.com
  THE New Year is the ideal time to make plans for the future and laying the groundwork for a comfortable retirement will be top of many people's to-do lists.
  
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• Rail passengers face long delays to purchase 'millennial railcard'

  02-01-2019 19:09 via theguardian.com
  People wait hours online to buy card, which offers discounts to 26 to 30-year-oldsRail passengers could miss out on discounted fares due to difficulties purchasing the new “millennial railcard”.The 26-30 railcard, which offers one-third off rail fares for people aged 26 to 30, went on nationwide sale at noon on Wednesday following trials, but some people said they were unable to buy it, despite waiting in an online queue for several hours. Continue reading...
  
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• UK housing market is a ‘goldmine’ for wealthy foreign buyers

  02-01-2019 18:51 via theguardian.com
  Sales of houses worth over £10m tripled after sterling slumped following Brexit voteThe global super-rich have taken advantage of the Brexit-induced decline in the value of sterling to buy up three times as many £10m-plus luxury homes as before the referendum vote.Some 300 homes sold for more than £10m each in the tax year to April 2017 (the latest for which figures are available), an increase from the 100 sold during the preceding 12 months. The figures, released by HM Revenue
  
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• Fare rises and a railway system that is badly failing the country | Letters

  02-01-2019 18:00 via theguardian.com
  Readers respond to the latest round of rail fare increasesI had a few minutes spare while waiting at my local station, so I put some fictitious long-distance return journeys into the ticket machine to see what the costs were, just to amuse myself (Passengers to start the year with station protests as fare increases add to outrage, 2 January). Anytime return to St Ives, Cornwall £309.80; to Fort William £465; and Inverness £382. So not much change out of £1,000 for a coupl
  
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• Plastic bottle deposit scheme in UK proving hit with shoppers

  02-01-2019 17:23 via theguardian.com
  ‘Reverse vending machines’ receive 311,500 bottles to date, says supermarket IcelandShoppers have received the equivalent of more than £30,000 in total for recycling plastic bottles in the first supermarket trial using “reverse vending machines” installed to reduce littering.The machines, introduced last year by the Iceland chain at five UK sites, reward consumers with a voucher worth 10p for every deposit of a bottle purchased at the shops. Continue reading...
  
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• Germany SLOWDOWN: Merkel's economy dented as manufacturing falls at fastest rate for 4yrs

  02-01-2019 17:22 via feedproxy.google.com
  GERMANY’S economy was dented again as the manufacturing sector slowed once more with new orders falling at the fastest rate in four years, a survey showed today.
  
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• Tesla shares plummet 8 percent in a day after failing to meet output forecasts

  02-01-2019 17:10 via feedproxy.google.com
  Tesla Inc shares sank 8 percent on Wednesday after the electric car maker delivered fewer-than-expected Model 3 sedans in the fourth quarter and cut prices for all its vehicles in the United States in response to the loss of a green tax credit.
  
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• Europe in CRISIS: European stocks in the RED as factory activity weakens

  02-01-2019 17:04 via feedproxy.google.com
  EUROPEAN stocks were in the red today as factory activity weakened across much of the continent as trade war anxieties and fears of an economic slowdown hit global markets.
  
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• Tesla triples deliveries of electric cars but share price tumbles

  02-01-2019 16:48 via theguardian.com
  Shares fall 9% as deliveries fall short of market expectationElon Musk’s company delivers 90,700 vehicles in fourth quarterTesla more than tripled deliveries of its electric cars in the last three months of the year but the news was not enough for Wall Street, which sent the company’s shares into a tailspin following news that sales of its first mass market vehicle were less than expected.Elon Musk’s car company delivered a total of 90,700 vehicles in the fourth quarter, up fro
  
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• Mary Poppins Returns is Christmas winner at UK box office

  02-01-2019 15:54 via theguardian.com
  Disney reboot ends year on a high, Bumblebee gives boost to Transformers franchise and indie doc Free Solo climbs ever higherWith £7.44m from an ultra-wide distribution to 740 cinemas, Mary Poppins Returns was the clear winner of the UK box office on the final weekend of 2018. Takings for the nostalgic sequel declined by a slim 10% from its debut, and have reached a robust £23.2m after 10 days of play. With kids still on holiday, the nanny-themed musical should continue to play stron
  
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• EU celebrates 20 years of euro – but THREE countries might not necessarily be grateful

  02-01-2019 15:46 via feedproxy.google.com
  THE European Union is marking 20 years since the introduction of the euro, the single currency shared by 19 member states.
  
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• Greggs launches vegan sausage roll

  02-01-2019 13:15 via theguardian.com
  UK’s largest bakery chain acts after petition called for vegan version of bestselling productThe UK’s largest bakery chain, Greggs, is to launch a vegan sausage roll this week.The company, which sells 1.5m traditional pork sausage rolls a week, says the new version, which will be on sale from Thursday, has been designed to mirror some of the original’s classic features. It will have, Greggs says, 96 layers of light and crisp puff pastry – made with vegetable oil – a
  
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• Italy braces for RECESSION: Rome economy shrinks for THIRD month in row

  02-01-2019 12:17 via feedproxy.google.com
  ITALY has raised fears of being on the brink of another recession after the nation’s manufacturing sector shrank for a third month in a row.
  
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• Bitcoin news: One of the largest digital economies is about to legalise cryptocurrency

  02-01-2019 12:09 via feedproxy.google.com
  ONE of the world’s largest digital economies is on the brink of legalising cryptocurrency.
  
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• Rail fare increases prompt protests at stations across UK

  02-01-2019 12:01 via theguardian.com
  Demonstrations held at more than 20 stations as fares rise by above-inflation average of 3.1%Four reasons why Guardian readers hate taking the train
  Campaigners have staged demonstrations at railway stations across the country as the transport secretary, Chris Grayling, blamed trade unions for ticket price hikes. Related: Four reasons why Guardian readers hate taking the trainContinue reading...
  
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• Brexit BOMBSHELL: How the City will 'PROSPER' as 'out of date EU' set to struggle

  02-01-2019 11:47 via feedproxy.google.com
  BREXIT may plunge the City into uncertainty but UK innovation will see it survive and prosper, according to a financial author.
  
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• Pound LIVE: GBP lower against euro as UK manufacturing data released

  02-01-2019 09:32 via feedproxy.google.com
  THE pound is edging lower against the euro this morning ahead of the first key UK data release for this year.
  
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• Premium Bonds January 2019 winning numbers: Are YOU one of two new millionaires?

  02-01-2019 08:52 via feedproxy.google.com
  JANUARY’S Premium Bond winning numbers have been drawn, and two savvy investors will have their lives changed as they become millionaires. So could it be you?
  
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• Five reasons why Guardian readers hate taking the train

  02-01-2019 07:00 via theguardian.com
  From overpriced tickets to overcrowded trains. Here’s what commuters don’t like about our railways
  • Commuters stage national day of protest Continue reading...
  
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• Rail users to mount 'national day of action' over 3.1% fare rise

  02-01-2019 01:01 via theguardian.com
  Passengers will protest at stations across UK after year of strikes and falling punctuality
  Five reasons why UK commuters hate the trainRail passengers who spent 2018 wrestling with strike action, widespread cancellations and the worst punctuality in a decade will stage protests at railway stations around the country on Wednesday as fares rise by 3.1%.As commuters begin returning to work after the Christmas holiday, they face above-inflation ticket price increases described by Labour as an &ldqu
  
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