Financial news

• Older drivers face 8 percent insurance hike for being loyal

  15-01-2019 19:44 via feedproxy.google.com
  OLDER drivers are "bearing the brunt" of car insurance price hikes, research reveals today.
  
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• Benefits rule changes could cost pensioners in UK thousands a year

  15-01-2019 18:40 via theguardian.com
  From 15 May, new pensioners with partners under 65 can no longer claim pension creditThousands of poorer UK pensioners who have partners of working age could lose up to £7,000 a year in top-ups as a result of imminent rule changes that will require them to claim universal credit as a couple.Changes slipped out on Monday night by the Department for Work and Pensions mean that from 15 May, new pensioners whose partners are younger than the state retirement age of 65 can no longer claim a mea
  
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• Pound news: You are getting THIS many less euros for your money compared to before Brexit

  15-01-2019 17:07 via feedproxy.google.com
  THE pound has lost value against the euro and US dollar since Britain voted in favour of Brexit and leaving the European Union in June 2016.
  
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• China pledges economic stimulus, as German growth hits five-year low - business live

  15-01-2019 16:47 via theguardian.com
  China’s finance ministry has pledged to cut taxes and boost spending, as it fights a slowing economyLatest: German GDP only expanded 1.5% last yearIntroduction: China promises tax cuts and spending boost
  Central bank promises “ample” liquidity
  State planner: We’ll make a good start to 2019Shanghai stock markets surges 2% 3.47pm GMT Here’s Jamie Rowlands, partner at City law firm Gowling WLG, on China’s pledge overnight to cut business taxes:This seems to be an
  
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• Eurozone CRISIS: Euro hampered by ONE problem ‘that affects ALL of Europe’

  15-01-2019 16:33 via feedproxy.google.com
  THE eurozone economy is being battered by political uncertainty with financial contagion spreading far across the continent, according to a leading macroeconomist.
  
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• Flybe to stay in air as Virgin Atlantic-led group injects cash

  15-01-2019 15:44 via theguardian.com
  Regional airline, which faces cashflow crisis, is being taken over by consortium for £2.2mThe consortium led by Virgin Atlantic and Stobart Group has been forced to rush through an injection of cash into Flybe, after the struggling regional airline failed to mollify banks that were withholding money.Virgin Atlantic, which is still part-owned by billionaire Richard Branson, Stobart and investment house Cyrus announced the £2.2m bid for Flybe on Friday, under the banner of Connect Airw
  
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• Ford and Volkswagen announce alliance to cut costs in face of tech revolution

  15-01-2019 15:41 via theguardian.com
  Car companies seek to reduce costs amid slowing sales, beginning with development of commercial vans and mid-size pickupsFord and Volkswagen announced details of a new alliance on Tuesday as the two car companies look to cut the cost of the technological revolution now shaking the industry and deal with slowing sales.The companies will start with the development of commercial vans and mid-size pickups but the alliance will also involve sharing resources on autonomous vehicles, mobility services
  
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• Pound exchange rate: How will GBP Sterling be impacted by Brexit vote TONIGHT?

  15-01-2019 13:49 via feedproxy.google.com
  BREXIT has shaken the pound to its core with Sterling riding on a rollercoaster of uncertainty along with the rest of Britain as Prime Minister Theresa May grapples to push through her European Union withdrawal agreement.
  
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• FTSE 100 price: What is happening to FTSE today ahead of CRUNCH Brexit vote?

  15-01-2019 13:45 via feedproxy.google.com
  BRITAIN’S FTSE 100 edged up somewhat today on the hopes Beijing will take measures to sustain a slowing economy but what is happening ahead of crunch Brexit vote?
  
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• Marks & Spencer closes 17 more stores in new blow to high street

  15-01-2019 12:33 via theguardian.com
  M&S outlets in Bedford, Hull, Huddersfield and Rotherham among those to be axed with 1,000 jobs at riskMarks & Spencer has dealt a fresh blow to the high street as it announced another wave of store closures, putting more than 1,000 jobs at risk.The struggling high street giant is shutting 100 of its stores by 2022 and on Tuesday revealed the locations of the next 17 branches to close in coming months. Continue reading...
  
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• Marks & Spencer store CLOSURES: 1000 M&S jobs at risk - 100 shops close in High St CARNAGE

  15-01-2019 12:31 via feedproxy.google.com
  MARKS & Spencer has announced the latest in a string of store closures to hit the UK high street, putting more than 1,000 jobs at risk.
  
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• WIll Germany bring Europe to its KNEES? German economy is STRUGGLING to grow - latest stat

  15-01-2019 11:34 via feedproxy.google.com
  THE GERMAN economy slumped to its weakest rate in five years, marking a clear slowdown after Europe’s economic powerhouse skirted close to the brink of recession.
  
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• Bitcoin WARNING: BTC could still plunge into an ABYSS – analysis

  15-01-2019 11:19 via feedproxy.google.com
  THE bitcoin rollercoaster is giving all its nervous passengers a stomach-churning spin as we enter the half-way point of January.
  
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• Persimmon expects higher profits as help-to-buy props up prices

  15-01-2019 10:11 via theguardian.com
  Housebuilder is one of the biggest beneficiaries of the taxpayer-funded schemePersimmon has upgraded its annual profit forecast after building more houses and increasing its prices, with nearly half the homes sold using the government’s help-to-buy scheme.Britain’s second-biggest housebuilder reported a 4% rise in revenues to £3.7bn in 2018, after completing 406 more homes than a year earlier, increasing the total by 3% to 16,449. The average selling price for private homes ros
  
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• Pound LIVE: GBP tumbling LOWER against euro and US dollar ahead of Brexit meaningful vote

  15-01-2019 09:53 via feedproxy.google.com
  THE pound is edging lower against the euro and US dollar this morning ahead of the so-called ‘meaningful vote’ in which Theresa May will put her Brexit deal to the Commons.
  
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• Why has PayPal frozen £2,000 of our charity money?

  15-01-2019 08:00 via theguardian.com
  I’ve spent nearly two months trying to sort it out, but I can’t get the donations to southern IndiaI help run a small charity, HAPsI, which helps some of the poorest people in Tamil Nadu, southern India. The project is being put at risk because of PayPal’s inability to explain why our account has been frozen. An independent school visits the area every year, and the pupils decided to donate £2,000 via PayPal. As a result, PayPal (after taking its commission) froze the acc
  
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• Surge in outsourcing after Carillion collapse 'staggering', unions say

  15-01-2019 01:01 via theguardian.com
  Unions accuse government of failing to learn lessons of Carillion’s failure last year Trade unions have accused the government of failing to learn lessons from the collapse of Carillion, instead pumping even more money into outsourcing companies, a year on from the firm’s high-profile demise.The lifetime value of outsourcing contracts awarded in 2017-18 “rocketed” by 53% from £62bn to £95bn in the past year, according to the GMB union, which pointed to nearly
  
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• Brexit vote: Will Theresa May's bill boost pound? Pound could SOAR if deal goes through

  15-01-2019 01:01 via feedproxy.google.com
  THERESA MAY is hoping to see her Brexit plan voted in through Parliament in the House of Commons today as lively debate concludes before the vote. Could Theresa May’s plan help bolster the economy and cause a surge in the value of the pound?
  
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