Financial news

• Bitcoin price news: Crypto FLOP as bitcoin plunges AGAIN - How much is Bitcoin worth now?

  22-01-2019 23:37 via feedproxy.google.com
  BITCOIN had a turbulent 2018, as massive highs gave way to some major dips to the cryptocurrency’s overall worth. A recent flop has led to another depreciation in its value, how much is it worth now?
  
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• Companies press Brexit panic button in further blow to Theresa May

  22-01-2019 21:32 via theguardian.com
  P&O opts for Cypriot flag, Sony confirms HQ move and Pets at Home stockpiles cat foodThe scale of no-deal panic gripping major companies has been thrown into sharp focus by a series of damage-limitation announcements, as corporate Britain signalled it is running out of patience with Westminster gridlock.Sir James Dyson, the Brexit-backing billionaire, dealt a further blow to the government by revealing he is shifting his company headquarters to Singapore in a move that drew sharp criticism.
  
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• Forget Netflix - UK cinemas report best year at box office since 1970

  22-01-2019 21:06 via theguardian.com
  Britons went to the movies 177m times in 2018, lured by local and Hollywood hitsThe British box office enjoyed its best year since 1970 as a combination of homegrown hits and Hollywood blockbusters kept cinemas packed last year.Britons went to the cinema 177m times in 2018, the highest number since 1970, when hits including M*A*S*H, Love Story and Airport helped attract 193m admissions, according to the UK Cinema Association. Last year’s figure is just ahead of the 176m admissions in 1971,
  
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• Come on Mr Dyson, future-proof your company against what?

  22-01-2019 19:58 via theguardian.com
  Moving production of electric cars to Asia makes sense but moving the HQ too? More answers are neededSir James Dyson picks his moments. In October, with negotiations with the EU heating up, the company said it would build its whizzy new electric cars in Singapore. Now, with the Brexit temperature at maximum, Dyson has announced the head office will move to Singapore. Is one of the UK’s most successful entrepreneurs – a man who says British business should embark on its post-Brexit fu
  
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• UK pay growth surges as employment hits record high

  22-01-2019 18:24 via theguardian.com
  Average weekly earnings were up by 3.4% in November – the biggest rise since July 2008The spending power of British workers increased to its highest level in two years in November following the biggest rise in real pay since September 2016.Average weekly earnings, excluding bonuses, rose by 3.3% on the year, the biggest increase since 2008 and well ahead of inflation, which fell to 2.3% in November. Continue reading...
  
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• Shrinkflation: for those struggling, it's about more than just chocolate bars | Frances Ryan

  22-01-2019 18:22 via theguardian.com
  We’re used to chocolate bars shrinking while staying at the same price but it’s happening to many everyday products – and people living with food insecurity are paying the priceIf late capitalism can be boiled down to a social media-friendly phrase, look no further than “shrinkflation” – when goods are made smaller but still sold at exactly the same price. Figures from the Office for National Statistics reveal that as many as 206 products were made smaller bet
  
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• David Attenborough and Prince William take world leaders to task on environment

  22-01-2019 18:13 via theguardian.com
  Davos 2019: broadcaster tells prince that humans have power to exterminate whole ecosystems ‘without even noticing’Sir David Attenborough has warned that humankind has the power to exterminate whole ecosystems “without even noticing”, and urged world leaders to treat the natural world with respect, during an interview with Prince William in Davos.Prince William also took world leaders to task at the World Economic Forum in Switzerland, asking Attenborough why those in key
  
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• Patisserie Valerie COLLAPSES into administration putting 3,000 jobs at risk

  22-01-2019 17:59 via feedproxy.google.com
  PATISSERIE Valerie has collapsed into administration after it failed to secure financing from banks.
  
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• Patisserie Valerie falls into administration as bank talks fail

  22-01-2019 17:57 via theguardian.com
  More than 3,000 jobs at risk at chain plunged into crisis after £40m black hole in accountsLuke Johnson - from pizza to pastries
  Patisserie Valerie has collapsed into administration, putting more than 3,000 jobs at risk, after failing to secure a financial lifeline from its banks.About 70 of the cafe group’s nearly 200 stores and concessions will close immediately, with the loss of about 900 jobs. Continue reading...
  
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• Dyson to move company HQ to Singapore

  22-01-2019 17:00 via theguardian.com
  CEO says plan is more about ‘future-proofing’ business than anything to do with BrexitCome on Mr Dyson, future-proof against what?
  Sir James Dyson, the British billionaire inventor and outspoken Brexiter who called on the government to walk away from the EU without a deal, is moving the headquarters of his vacuum cleaner and hair dryer technology company to Singapore.The Dyson chief executive, Jim Rowan, said the move from Wiltshire to Singapore had “nothing to do with Brexit&r
  
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• Online sales slow as UK shoppers rein in Christmas spending

  22-01-2019 16:35 via theguardian.com
  High street gloom spreads online with worst December sales growth in nearly 20 yearsOnline retailers experienced their worst Christmas sales growth in nearly 20 years in 2018 as shoppers reined in buying electrical goods.Sales rose 3.6% in December compared with growth of almost 12% for 2018 as a whole, according to online retail body IMRG – which does not include Amazon in its figures. IMRG said low consumer confidence had put a dampener on spending. Continue reading...
  
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• Pollution at fracking protest site rises despite lack of fracking

  22-01-2019 15:58 via theguardian.com
  Lorries, demonstrators and police drive up air pollution in Kirby Misperton, study findsA shale gas company’s lorries, police vehicles and protesters’ wood fires have combined to drive up air pollution levels near a gas well in the north of England, despite fracking failing to get started at the site.Operations at the Kirby Misperton well in North Yorkshire have been delayed after the operator Third Energy ran into financial problems, but the project’s local pollution impact ha
  
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• Taking no deal off the table would leave us at the EU’s mercy | Peter Lilley

  22-01-2019 15:07 via theguardian.com
  No business would enter into negotiations without being prepared to walk away – losing a no-deal Brexit option would weaken our positionJeremy Corbyn has always been a unilateralist. He wanted to scrap our nuclear deterrent against the Soviet Union at the height of the cold war. So it should be no surprise that he insists Britain should unilaterally disarm in its negotiations with the EU. That is what his demand that Theresa May take no deal off the table means. If we rule out leaving with
  
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• Britain will BEAT eurozone top dogs – growth forecast BETTER than Germany

  22-01-2019 15:06 via feedproxy.google.com
  BRITAIN will keep up with or outperform the growth of some of the biggest players in the eurozone, edging ahead of economic heavyweight Germany amid signs of a global slowdown.
  
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• EasyJet says Gatwick drone chaos cost it £15m

  22-01-2019 14:31 via theguardian.com
  Airline says it is ‘well-prepared’ for Brexit and demand for flights remains solidEasyJet said the flight disruption caused by drone sightings at Gatwick before Christmas had cost it £15m, but insisted it had made a good start to the year and was “well-prepared” for Brexit.About 82,000 easyJet customers were affected and more than 400 flights cancelled after to the drone sightings, which brought the UK’s second-busiest airport to a standstill and caused three
  
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• Backlog of financial ombudsman cases grows to 30,000

  22-01-2019 14:26 via theguardian.com
  Whistleblower tells MPs number of claims not yet allocated case officer has risen threefold since 2016Delays in getting a case heard by the Financial Ombudsman Service (FOS) have grown threefold since the service was reorganised in 2016, and 30,000 cases are still waiting to be allocated to an investigator, a whistleblower has told the Treasury select committee.Questioning the FOS chief executive, Caroline Wayman, MPs said the whistleblower also told them there was a backlog of 8,000 investigate
  
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• Why US rightwing populists and their global allies disagree over Big Tech | Evgeny Morozov

  22-01-2019 12:00 via theguardian.com
  The American wing of the movement sees big tech as a target of attack while populists in the rest of the world see it as their best chance of escaping intellectual hegemonyThe emerging global movement of rightwing populists is guilty of many things but ideological incoherence in choosing their enemies is generally not one of them. Whether it is Steve Bannon bashing Pope Francis, Matteo Salvini attacking the “do-gooders” in humanitarian NGOs or Marine Le Pen venting against the dull
  
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• ILO urges world leaders to guarantee workers' rights as robots cut jobs

  22-01-2019 10:30 via theguardian.com
  UN agency’s call for living wage and union bargaining comes amid spread of automationWorld leaders have been urged by an influential United Nations agency to sign up to a universal labour guarantee to bolster fundamental workers’ rights, including adequate living wages and collective bargaining through trade unions.Designed to address rapid changes in the workplace triggered by the rise of the robot economy and technological automation, the International Labour Organization said a pa
  
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• How can I use two-step verification in a mobile blackspot?

  22-01-2019 08:00 via theguardian.com
  I can’t access calls or texts and want to start protecting my email account from hackersYou have frequently advised readers to set up two-step verification to protect the security of their email system. We’d like to do this, but we live in a mobile blackspot, and can’t access calls or texts at home. What can we do? SD, Maidenhead, BerksYou are absolutely right to set this up, and we would strongly urge other readers to follow your lead. Continue reading...
  
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• The new elite’s phoney crusade to save the world – without changing anything

  22-01-2019 07:00 via theguardian.com
  Today’s titans of tech and finance want to solve the world’s problems, as long as the solutions never, ever threaten their own wealth and power. By Anand GiridharadasA successful society is a progress machine. It takes in the raw material of innovations and produces broad human advancement. America’s machine is broken. The same could be said of others around the world. And now many of the people who broke the progress machine are trying to sell us their services as repairmen.Wh
  
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