Financial news

• Staffline begins inquiry over concerns about invoicing and payroll

  30-01-2019 21:39
  UK employment agency, which supplies major supermarkets, has deferred full-year resultsRecruitment and training firm Staffline has launched an internal investigation after concerns were raised over “invoicing and payroll practices” within its recruitment division.The firm, which supplies staff to major UK companies including Tesco and Marks & Spencer, said in a stock market announcement that the issues were brought to the board’s attention on Wednesday morning, and confirme
  
  Read more

• So just when, exactly, will the City press the no-deal panic button? | Nils Pratley

  30-01-2019 21:00
  Given the ever-ticking Brexit clock, the air of complacency in the markets is extraordinary At what point do financial markets start to panic about the risk of a no-deal Brexit? In theory, you’d think it would be about now. We have, after all, just witnessed the strange spectacle of the prime minister abandoning her own Brexit deal to go back to Brussels to try to secure changes to the Irish backstop, something the European Union has said, time and again, it will not contemplate. Meanwhile
  
  Read more

• Barclays to move £170bn to Dublin over no-deal Brexit fears

  30-01-2019 20:14
  Plan involves transferring assets linked to 5,000 clients to protect bank’s EU businessBarclays is to move €190bn (£166bn) worth of assets from the UK to Ireland as the bank readies itself for a possible no-deal Brexit.The high court on Wednesday approved the lender’s Brexit contingency plans that include transferring the assets linked to about 5,000 of its clients to a Dublin-based unit. Continue reading...
  
  Read more

• Taxpayers face £4bn annual pension bill after court ruling

  30-01-2019 20:09 via theguardian.com
  Judges and firefighters win age discrimination case that will raise public sector pensionsThe government faces a £4bn a year pensions bill after a group of judges and firefighters won an age discrimination court case, it has emerged.One investment firm said members of public sector pension schemes could receive a massive boost to their retirement pots if the government’s appeal against the court decision was unsuccessful. That might need to be financed through cuts in spending or inc
  
  Read more

• Advertisement

• Carlos Ghosn says fellow executives plotted to oust him

  30-01-2019 18:47
  Nissan’s former chairman claims ‘plot and treason’ in first interview since his arrestNissan’s former chairman Carlos Ghosn has accused fellow executives of a plot to oust him and prevent closer ties with the carmaker’s French partner, Renault, in his first interview since his arrest in November.The Japanese newspaper Nikkei reported that it spoke with Ghosn for 20 minutes at the Tokyo detention centre where the 64-year-old executive has been held since his arrest o
  
  Read more

• Barclays' lawyers did not object to £322m fees paid to Qatar, court told

  30-01-2019 18:29
  Bank’s legal team said to have ‘persuaded themselves’ that agreement in 2008 was lawfulA senior Barclays banker raised red flags over the terms of a multibillion-pound fundraising deal with Qatar and said the company’s lawyers “persuaded themselves” that the 2008 agreement was legal, a court was told on Wednesday.Ed Brown QC, prosecuting on behalf of the Serious Fraud Office (SFO), told a jury at Southwark crown court that Richard Boath, an executive in Barcla
  
  Read more

• Turkey lira BOOST: TRY firms against US dollar as central bank slashes inflation forecast

  30-01-2019 17:29 via feedproxy.google.com
  TURKEY saw its lira firm against the US dollar today after the central bank announced it will maintain its tight monetary stance until it is convinced that inflation is falling.
  
  Read more

• Warm Home Discount scheme: Are YOU eligible for £140 DISCOUNT on your energy bill?

  30-01-2019 17:22 via feedproxy.google.com
  HOUSEHOLDS feeling the bite of expensive energy bills this winter could find themselves entitled to a £140 discount through the Warm Home Discount scheme.
  
  Read more

• Advertisement

• Ex-Patisserie Valerie auditor says 'not his role to uncover fraud'

  30-01-2019 16:34
  Head of Grant Thornton tussles with select committee over collapse of cafe and cake chainThe former auditor of the collapsed cake chain Patisserie Valerie has argued that it is not the role of accountants to uncover fraud.Grant Thornton is under investigation for its audits of the chain that collapsed into administration earlier this month following the discovery of a £40m black hole in its accounts. Patisserie Valerie’s former finance director has been arrested on suspicion of fraud
  
  Read more

• Would you buy a house with a graveyard in the front garden?

  30-01-2019 16:31
  The neighbours are quiet, and it’s only an issue on Halloween, insists the estate agentName: Three-bedroom former chapel in North Lopham, Norfolk.Asking price: £490,000. Continue reading...
  
  Read more

• Vodafone tops most-complained about broadband provider list

  30-01-2019 13:57 via theguardian.com
  The firm received almost double the industry average complaints for its serviceVodafone has been named the most-complained about broadband and landline provider in a quarterly league table compiled by the media and broadcasting regulator Ofcom.Vodafone topped the list on the very first time it featured, having only just become eligible for inclusion in the survey. Continue reading...
  
  Read more

• UK shoppers rein in credit card use amid fears over economy

  30-01-2019 13:16
  Consumer borrowing growth at four-year low, says Bank of EnglandThe boom in consumer borrowing across Britain has cooled to the slowest annual growth rate in four years, according to official figures, as households rein in their spending.The Bank of England said annual consumer credit growth slowed to 6.6% in December, continuing a trend for weaker levels of household borrowing on credit cards, personal loans and car finance deals. Continue reading...
  
  Read more

• My credit score has been shattered – but TSB won’t put it right

  30-01-2019 08:00
  By resurrecting a closed account with a fictitious default it has caused me significant harmTSB’s IT saga was, for me, the start of a nightmare. They resurrected a closed joint account with my ex-wife back in 2016. Four months ago I noticed that my credit score had halved from four stars to two and I discovered that this defunct TSB account was shown as open with a fictitious £317 default dated April 2017. I complained to TSB in branch. I have successfully applied to have the account
  
  Read more

• 'This is not rocket science': Rutger Bregman tells Davos to talk about tax – video

  30-01-2019 05:58
  On his first visit to Davos, Rutger Bregman dismisses 'stupid philanthropy schemes', saying the real issue that needs tackling is tax avoidance. 'We can invite Bono once more but come on we've got to be talking about taxes ... all the rest is bullshit in my opinion,' he says. The Dutch historian feels like he’s ‘at a firefighters conference and no one’s allowed to speak about water’ Continue reading...
  
  Read more

• UK house prices grow fastest in north of England and Midlands

  30-01-2019 01:01
  Aberdeen and Cambridge suffer sharpest falls since 2016 Brexit voteHouse prices have grown fastest since the UK voted to leave the EU in cities in the Midlands, the north of England, Wales and Scotland, according to the property website Zoopla.Birmingham (up 16%), Manchester and Leicester (both up 15%) have seen the fastest growth since the June 2016 referendum, followed by Edinburgh and Nottingham (14%), Leeds and Cardiff (12%), and Liverpool and Sheffield (11%). Continue reading...
  
  Read more

Follow @financialnwsUK on Twitter!