Financial news

• For the sake of his business, Philip Green should take a back seat | Nils Pratley

  25-02-2019 20:35
  The retail group boss will seek another big name to replace Karren Brady – but any chair worth hiring would tell him to step asideRoll up, roll up, who wants to be the acceptable face of Sir Philip Green’s holding company? At £125,000-a-year, the money is decent for a part-time chairship with no real powers, such as the ability to fire key personnel. It would help if, like the last two incumbents, you are well-known but, in current circumstances, the main qualification may be a
  
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• Lighting tech ace ROTOLIGHT to trail blaze new products after £5m boost

  25-02-2019 16:48 via feedproxy.google.com
  And the winner is … Rotolight, the British LED systems inventor lightening the physical load and transforming creative options for film makers, photographers and broadcasters, which has secured £5 million of growth funding from Octopus Investments.
  
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• Bank of England Brexit forecast 'STUPID’: Warning interest rates could fall BELOW zero

  25-02-2019 13:03 via feedproxy.google.com
  THE Bank of England’s Brexit forecast which suggest interest rates could surge to 5.5 percent has been branded “stupid” by a former policymaker, who warned they could in fact be cut below zero for the first time in history.
  
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• Pound US dollar exchange rate rises on Brexit optimism as Trump delays Chinese tariffs

  25-02-2019 12:33 via feedproxy.google.com
  The pound US dollar exchange rate edged higher today and is currently trading in the region of $1.308. GBP/USD has risen on renewed Brexit optimism, while the US dollar’s safe-haven demand was clipped following President Donald Trump’s announcement on Sunday that he would delay fresh tariffs on Chinese imports.
  
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• Bitcoin 'sextortion' scam: Blackmailers threaten to expose videos of victims watching porn

  25-02-2019 11:45 via feedproxy.google.com
  Cybercriminals are trawling social media for victims to blackmail for bitcoin – threatening to expose them watching porn. A gang of "sextortionists" targeted 89,000 people on sites including LinkedIn, according to UK cybersecurity firm Digital Shadows.
  
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• No-deal Brexit: should you buy your holiday money now?

  25-02-2019 08:57 via theguardian.com
  With fears the pound could drop by 10%, the outlook is grim. Should we bank our euros early?As parents wearily prepare to get the children back to school and face returning to the office after the half-term break, thoughts will inevitably turn to the next holiday … Easter. But for those hoping to get away for a week or two in the sun either then or during the summer, the prospect of a no-deal in Britain’s departure from the European Union could trigger a much more expensive holiday,
  
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• How can my brothers split the proceeds of a house sale fairly?

  25-02-2019 08:00 via theguardian.com
  Two of them put in £75,000 each and the other £3,000, but they don’t have a deed of trustQ Three of my brothers owned a house together, which they recently sold. Two of the brothers put £75,000 each into the house and the third brother, who has not lived in the property for 10 years contributed £3,000 towards the purchase of the house. There was no mortgage on the property.They had no deed of trust. We would like to know what is the legal way of splitting the profit
  
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• Why was boarding my easyJet flight denied without warning?

  25-02-2019 07:59 via theguardian.com
  I was left stranded and out of pocket but getting to the truth is proving impossibleThree weeks ago I was denied boarding on an easyJet flight from Lisbon to Bristol. I had checked in but at boarding was told they could not find me on the system. EasyJet’s finance department confirmed it had cancelled my booking – apparently it doesn’t inform passengers when this happens. The gentleman on the phone said there could be a number of factors as to why, including fraudulent transact
  
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