Financial news

• Is Barclays' activist agitator demanding too risky a U-turn? | Nils Pratley

  05-02-2019 20:33
  Edward Bramson has offered little so far and shareholders seem to be backing their chiefEdward Bramson would do everybody a favour if he outlined what he would do if he succeeds in getting himself voted on to the board of Barclays. The activist agitator, armed with a 5% holding, has offered little except a vague grumble so far.Maybe he will open up before the showdown in May but, in the meantime, one can only inspect the contents of leaked letters to investors in his Sherborne fund. It’s t
  
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• Ladbrokes staff told to sign gamblers to online accounts to avoid redundancy

  05-02-2019 19:26 via theguardian.com
  Bookmaker to close 1,000 of its 3,500 shops with redundancies decided by ranking systemBookmaker Ladbrokes Coral is telling shop staff to sign up as many gamblers as possible to online accounts if they want to avoid being among 5,000 employees it plans to make redundant, the Guardian has learned.According to letters circulated among employees – and seen by the Guardian – the bookmaker will close up to 1,000 of its 3,500 shops over the next 18 to 24 months, blaming imminent curbs on &
  
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• Eurozone CRISIS: Italy service sector hit as growth stagnates - job cuts reported

  05-02-2019 18:53 via feedproxy.google.com
  ITALY’S deepening economic crisis spread to its services sector, worsening the outlook for the already struggling eurozone.
  
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• Six Nations tickets worth £370,000 touted on Viagogo, investigation reveals

  05-02-2019 18:23 via theguardian.com
  1,155 tickets for sale on website for a combined £370,000Viagogo already under court order for consumer law breachesMore than a thousand tickets for the Six Nations have appeared for sale on the controversial website Viagogo for a combined £370,000, according to Guardian analysis that illustrates the grip wielded by ticket touts over in-demand events.Details of the scale at which Six Nations tickets are being touted prompted concern from the digital minister, Margot James, and condem
  
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• EURO CRISIS: Brussels warns Spanish debt could SKYROCKET to 107 percent by 2029

  05-02-2019 14:31 via feedproxy.google.com
  THE European Commission has warned Spain’s debt could skyrocket to 107 percent of GDP by 2029 unless urgent changes are made to its fiscal policy.
  
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• Who’s going to care about the women being forced out of work? | Gaby Hinsliff

  05-02-2019 14:20 via theguardian.com
  As hundreds of carers quit the workforce every day, leaving families at breaking point, it’s time to fix the safety netWhat would drive thousands of people a year out of jobs they love, or need, with no certainty about whether they will ever be able to come back?If you have parents of a certain age, you might already have guessed the answer. About 600 people a day are giving up their jobs to look after elderly or sick relatives, the charity Carers UK estimates, a hidden exodus from working
  
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• GBP Sterling FALLS against euro as May heads to Belfast for Brexit talks

  05-02-2019 13:09 via feedproxy.google.com
  THE pound has fallen against the euro as markets wait to see the outcome of Theresa May’s visit to Northern Ireland to fight for Brexit.
  
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• HMV store closures: 27 shops to close IMMEDIATELY after Canadian rescue

  05-02-2019 12:46 via feedproxy.google.com
  HMV has been rescued after being bought out of administration by Canadian retailer Sunrise Records, but it has vowed to close 27 stores, including its flagship outlet on Oxford Street, immediately as part of the bailout package.
  
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• Pound euro exchange rate: GBP/EUR in tug of war as UK services plummet & Eurozone suffers

  05-02-2019 12:45 via feedproxy.google.com
  The pound euro exchange rate is steady today and is trading around €1.140, despite dismal UK Markit services PMI figures for January, which fell well below expectation to 50.1. This has caused some concern for pound traders, with the UK services sector drawing increasingly closer to contraction.
  
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• Bitcoin: Is crypto currency gearing up for a surprise comeback?

  05-02-2019 11:43 via feedproxy.google.com
  The turbulent life story of bitcoin could be about to take an unexpected turn by pulling away from the brink of collapse and defying a growing army of critics with a sudden surge in price. Many industry naysayers have been writing the final chapters of the decade-old crypto for months, but it would seem bitcoin isn’t following the script.
  
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• Pound US dollar exchange rate: GBP/USD slips as UK economy runs risk of stalling

  05-02-2019 11:25 via feedproxy.google.com
  This morning the pound US dollar exchange rate slipped following disappointing British data, and is currently trading at a rate of $1.301. The release of January’s Markit Services PMI for the UK fell to a lower-than-expected 50.1 from the previous 51.2, showing that growth in the UK’s dominant service industry had slowed.
  
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• EURO CRISIS: Eurozone investor confidence plummets to FOUR-YEAR LOW

  05-02-2019 10:53 via feedproxy.google.com
  EUROZONE investor confidence has plummeted to its lowest level in more than four years, increasing fears over the future of the single currency and repercussions from a no-deal Brexit.
  
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• Project Fear exposed: Gloomy predictions of City exodus fail to materialise

  05-02-2019 10:01 via feedproxy.google.com
  BRITAIN'S financial services industry has emerged largely unscathed so far from the build-up to Brexit, with far fewer jobs than feared moving overseas so far after the 2016 referendum result.
  
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• Silver savers who don't use online banking lose out as banks move the best deals online

  05-02-2019 09:57 via feedproxy.google.com
  MILLIONS of older savers are missing out on the highest interest rates because they do not use internet banking. Yesterday campaigners said squeezing out pensioners who want to carry on using a branch network is a "deliberate tactic" on the part of banks and building societies who want to cut costs.
  
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• Service sector slowdown shows global economy is losing momentum - business live

  05-02-2019 09:31
  Rolling coverage of the latest economic and financial news, including new UK car sales figures and a healthcheck on the world’s services companiesIntroduction: It’s services PMI day
  Coming up: UK car sales figuresHMV saved from collapse 8.31am GMT In a rare piece of (mostly) good retail news, most of music chain HMV has been rescued from collapse. Related: HMV bought by Canadian music store mogul Doug Putman8.22am GMT Ireland’s services sector has also entered a trough.Growth h
  
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• HMV bought by Canadian music store mogul Doug Putman

  05-02-2019 08:31
  Sunrise Records owner to keep 100 of chain’s 127 stores, safeguarding 1,500 jobsA Canadian music entrepreneur has rescued HMV from collapse, taking over 100 shops and safeguarding 1,500 jobs.Doug Putman, who runs the Canadian retailer Sunrise Records, has bought the UK music and film retailer after emerging as the leading contender over the weekend, heading off competition from Mike Ashley, the Sports Direct boss. Continue reading...
  
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• I paid £145 for Camper shoes and it wouldn’t let me return them

  05-02-2019 08:16
  I’ve bought the sneakers before, but this time it said they were part of its ‘customisable’ rangeI recently bought a pair of shoes online from Camper. I wasn’t sure which size to order and considered buying two so I could return the least suitable. But at £145 a pair, I could not afford to do so. The pair I received were far too big. On the enclosed invoice it clearly stated to contact Camper about a size exchange. After emailing, I was told it will only exchange if
  
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• UK home secretary approves extradition of Vijay Mallya to India

  05-02-2019 04:03
  Chairman of Kingfisher beer says he will lodge an appeal amid allegations of £1bn fraudThe UK home secretary has ordered the extradition of Vijay Mallya, the Indian multimillionaire chairman of Kingfisher beer and former Force India Formula One team owner, over allegations of £1bn fraud.Sajid Javid on Monday formally ordered Mallya, who owns two multimillion UK properties and until last year had two superyachts, to be extradited, stating that the 63-year-old businessman is “acc
  
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