Financial news

• Let’s move to Brecon, Powys: ‘Bright streets and brooding Beacons’

  29-03-2019 17:30 via theguardian.com
  Whether you want to hike up them or admire them from a cafe, there’s no escaping the hills in this Welsh market townWhat’s going for it? I used to climb up the Malvern Hills as a kid and gaze at the rest of the universe from the top. I could always spot the Brecon Beacons: their chiselled, flat‑topped peaks gave them away, against the soft curves of the Herefordshire hills. Up close they’re just as recognisable, only now with added high-res moorland broodiness, glowering
  
  Read more

• Bitcoin: Controversial John McAfee reveals ‘real reason’ for SkyCoin break-up

  29-03-2019 17:27 via feedproxy.google.com
  CRYPTOCURRENCY evangelist John McAfee says he has broken off ties with SkyCoin, despite getting the company’s logo tattooed across his back.
  
  Read more

• Turkey election latest: Lira PLUNGES as TRY loses more ground against US dollar

  29-03-2019 16:33 via feedproxy.google.com
  TURKEY has seen its lira weaken further against the US dollar amid a particularly volatile week for the currency ahead of elections this weekend.
  
  Read more

• Pound PLUNGES against euro and US dollar – moment Sterling reacts to Brexit vote

  29-03-2019 16:13 via feedproxy.google.com
  THIS is the moment the pound plunged against the euro and US dollar after Prime Minister Theresa May suffered another humiliating defeat when her withdrawal agreement was rejected by a margin of 58 votes.
  
  Read more

• Advertisement

• The funeral industry is preying on grieving people. This must stop | Claire Brandon

  29-03-2019 15:16 via theguardian.com
  I advise people in financial need, and have seen how some are exploited. A new government investigation is long overduePrice increases at double the rate of inflation for 14 years, certain unscrupulous funeral directors targeting bereaved customers’ vulnerability, people left unable to afford to bury loved ones due to vicious benefits cuts. No wonder the Competition and Markets Authority has announced it will launch an in-depth market investigation into the funerals sector. Frankly, it&rsq
  
  Read more

• UK households spend above their income for longest period since 1980s

  29-03-2019 14:07 via theguardian.com
  Average families have been net borrowers since just after Brexit referendum, says ONSBritish households have spent more than they received for an unprecedented nine consecutive quarters amid a longer squeeze on real incomes, according to official figures.Households across the country have been net borrowers in every quarter between October 2016 – when living costs started to rise after the Brexit vote – and December 2018. The Office for National Statistics said the run of nine quarte
  
  Read more

• UK economic growth slows – consumers MORE resilient than businesses during Brexit talks

  29-03-2019 13:46 via feedproxy.google.com
  UK economic growth slowed in the final quarter of last year but consumers showed more resilience than businesses, according to the Office for National Statistics .
  
  Read more

• Pound euro exchange rate: GBP muted against EUR despite upturn in UK GDP growth

  29-03-2019 13:30 via feedproxy.google.com
  THE pound has slipped slightly against the euro, and the pairing is currently trading at around €1.159.
  
  Read more

• Advertisement

• Pound US dollar exchange rate: GBP falls as US-China trade talks progress

  29-03-2019 13:18 via feedproxy.google.com
  THE pound US dollar exchange rate is down today and is currently trading in the region of $1.301.
  
  Read more

• House price growth in UK ‘SUBDUED’ – but Brexit 'NOT the only reason why'

  29-03-2019 12:51 via feedproxy.google.com
  HOUSE price growth across the UK remained "subdued" in March as property prices picked up only a little speed, according to Nationwide Building Society.
  
  Read more

• UK business investment suffers longest decline since financial crisis - business live

  29-03-2019 12:26 via theguardian.com
  New GDP report shows that British bosses have cut back on buying new machinery and computers, as Brexit crisis hits confidenceLatest: UK business investment has fallen for a yearHouseholds forced to borrow to make ends meetEnglish house prices are now falling 11.26am GMT John McDonnell MP, Shadow Chancellor, is (predictably) unimpressed by the picture painted by today’s economic data.“Amidst the Government’s Brexit bungling, the Chancellor has repeatedly failed to get a grip on
  
  Read more

• Mike Ashley hits out at Debenhams advisers as stake could be wiped out

  29-03-2019 11:38 via theguardian.com
  Potential takeover bid from Sports Direct founder rejected in favour of refinancing plansMike Ashley has launched a stinging attack on advisers to Debenhams after the department store chain’s bondholders cleared the way for a £200m refinancing that would wipe out his 29% stake.The founder and chief executive of Sports Direct said advisers should be jailed after Debenhams rejected a potential takeover bid from Ashley in favour of pressing ahead with its refinancing plans. Continue rea
  
  Read more

• Tui says Boeing 737 Max grounding could cost firm up to €300m

  29-03-2019 11:00 via theguardian.com
  Travel company issues profit warning as it makes alternative plans for holidaymakersTui has warned the grounding of its fleet of 15 Boeing 737 Max planes could cost the UK travel firm up to €300m (£258m), as it scrambles to make alternative plans to fly customers to their holiday destinations over the busy Easter and summer periods.In a profit warning on Friday, the company said it was making arrangements to guarantee customer holidays, including leasing more planes, extending expirin
  
  Read more

• Pound LIVE: Sterling PLUNGES against euro and dollar as MPs REJECT May's Brexit agreement

  29-03-2019 09:58 via feedproxy.google.com
  THE pound fell against the euro and US dollar this afternoon as MPs rejected Prime Minister Theresa May's Brexit withdrawal agreement.
  
  Read more

• House prices in England fall for first time since 2012

  29-03-2019 09:48 via theguardian.com
  Slide driven by London and south-east slowdown as Brexit chaos seems to put off buyersHouse prices fell in England for the first time in seven years in the first three months of 2019, dragged lower by the traditional property hotspots of London and the south-east in a sign that Brexit turmoil is putting off buyers.Prices fell 0.7% in the first quarter, compared with the same period in 2018, taking the average price of a home in England down to £255,683, according to the mortgage lender Nat
  
  Read more

• Pension changes 2019: Huge adjustments coming NEXT WEEK – what they mean for YOU

  29-03-2019 09:17 via feedproxy.google.com
  STATE pensions are changing from next week with the start of a new tax year on April 6. What are the huge differences and what do they mean for retirees?
  
  Read more

• Markets rally as US holds 'constructive talks' with China over trade war - business live

  29-03-2019 09:08 via theguardian.com
  America’s negotiators have returned to Beijing for fresh talks to address the US-China trade warIntroduction: Mnuchin and Lighthizer meet Liu HeReports: China makes ‘unprecedented offer’Shanghai market jumps 3% 8.08am GMT Mining stocks are rallying in London in early trading, as trade war optimism bubbles away.Glencore, BHP Billiton, Rio Tinto and Anglo American have all gained at least 2%, driving the FTSE 100 up up 45 points or 0.6% to 7278.FTSE Miners +2.5% on China trade ta
  
  Read more

• Why did I get parking fines for entering a digit wrongly?

  29-03-2019 08:00 via theguardian.com
  Mixing up the O for a zero on my car registration plate landed me with a string of chargesWe had a leak at home and our insurer booked us into the Bromsgrove Hotel. There is a fee to park and we were asked to input our car registration number. We mistook the zero for the letter O and have received four fines of £60. KM, BromsgroveContinue reading...
  
  Read more

• I’m obsessed with property websites. I’m not buying – this is pure escapism | Hannah Jane Parkinson

  29-03-2019 08:00 via theguardian.com
  Cute bungalows in Pembrokeshire or £2m London townhouses, property porn is a sticking plaster on the wound of newsAccording to Alexa, a leading analytics company, the most visited websites last year were those you would expect: Google, YouTube, Facebook, Amazon. (Alexa is owned by Amazon, by the way, which makes sense: Amazon owns everything). But I know I am part of a dedicated group of people who spend a significant amount of time on the internet, not watching behind-the-scenes clips of
  
  Read more

• Homes with a proper office – in pictures

  29-03-2019 08:00 via theguardian.com
  Escape the daily commute with a home fit to work from Continue reading...
  
  Read more

• Graduate gender pay gap is widening, official figures reveal

  29-03-2019 08:00 via theguardian.com
  Degree premium is shrinking and income is linked to family, social background and schoolThe pay gap between male and female graduates in the UK has widened over three consecutive years, according to new data that suggests a student’s future earnings are strongly linked to their family background and school.The figures from the government’s database of graduate employment and earnings reveal that pay for men continues to outstrip that of women after finishing their undergraduate degre
  
  Read more

• Boeing faces US lawsuit over Ethiopian Airlines crash

  29-03-2019 07:31 via theguardian.com
  The family of Jackson Musoni have filed a suit saying the 737 MAX has a defectively designed control systemA lawsuit against Boeing Co was filed in US federal court on Thursday in what appeared to be the first suit over an Ethiopian Airlines 737 MAX crash that killed 157 people.The lawsuit was filed in Chicago federal court by the family of Jackson Musoni, a citizen of Rwanda, and alleges that Boeing, which manufactures the 737 MAX, had defectively designed the automated flight control system. C
  
  Read more

• 'One of the biggest financial scandals around': FCA criticised over LC&F

  29-03-2019 07:00 via theguardian.com
  Calls for investigation into financial watchdog after London Capital & Finance collapses with £236m of investors’ moneyThe bonds on offer from London Capital & Finance looked highly seductive: the interest was a table-topping 6.5% to 8%; they were authorised by the Financial Conduct Authority; and HMRC had granted the bonds tax-free ISA status. Yet after more than 11,000 investors poured £236m into the bonds – only for the company to collapse earlier this year &nd
  
  Read more

• Silicon Valley revolt: meet the tech workers fighting their bosses over Ice, censorship and racism

  29-03-2019 06:52 via theguardian.com
  Whether it’s protesting projects with immigration authorities or walking out to demand better treatment of women, activism has entered tech with a force the industry has never experiencedThe election happens. The next day at the Slack office, people were quite literally sobbing in the cafeteria. I was mostly keeping my shit together until my parents called from Canada. I went into one of the little phone booths and just sobbed on the phone. It took a bit of time to grieve, but then you als
  
  Read more

• Nestle to face lawsuit saying Poland Spring water not from a spring

  29-03-2019 01:00 via theguardian.com
  Poland Spring in Maine, which labels name as a source of the water, ‘commercially ran dry’ nearly 50 years ago, complaint saysA federal judge on Thursday rejected Nestle SA’s bid to dismiss a revised lawsuit claiming that it defrauded consumers by filling bottles of its Poland Spring water with ordinary groundwater.The US district Judge Jeffrey Alker Meyer said consumers from eight north-eastern states may pursue claims that Nestle Waters North America deceived them into overpa
  
  Read more

• New York sues billionaire Sackler family over alleged role in opioid crisis

  29-03-2019 00:39 via theguardian.com
  State attorney general’s announcement comes after Oklahoma chooses to settle for $270m over Purdue’s marketing of OxyContinNew York state has sued the billionaire Sackler family behind Purdue Pharma and its prescription painkiller OxyContin, joining a growing list of state, county and city governments alleging the drugmaker Purdue and its owners sparked the nation’s opioids crisis by putting profits over patient safety. Related: Purdue's opioid settlement set to herald barrage
  
  Read more

• The book industry isn't dead. That's just an excuse to keep salaries low

  29-03-2019 00:17 via theguardian.com
  Poor working conditions for book editors are ingrained. It’s time for that to change – no matter how much we love our jobsBook editors love their jobs, perhaps more than the average worker. We work diligently with motivated and inspiring peers on projects we are proud of. You may not realise that every great book you’ve read has been through a rigorous editing process. If an editor’s job is done well, you won’t notice their hand in the final product – this is
  
  Read more

Follow @financialnwsUK on Twitter!