Financial news

• Alphabet: Google parent company's shares drop after latest earnings report

  29-04-2019 22:39 via theguardian.com
  Report comes as company faces internal worker turmoil, and a recent $1.7bn fine from the EU Google shares slumped on Monday after the company failed to beat analyst predictions, following a year of internal turmoil, privacy concerns, and several international fines.Stock for Alphabet, Google’s parent company, was down 7% in after-hours trading after the company reported first quarter revenue of $36.34bn, lower than the $37.33bn revenue forecast by analysts. The quarter one earnings represe
  
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• Boeing boss rejects accusations about 737 Max jets that crashed

  29-04-2019 21:12 via theguardian.com
  ‘We don’t make safety features optional,’ Dennis Muilenburg tells AGM in Chicago The boss of Boeing has denied accusations that its two 737 Max aircraft involved in fatal crashes lacked an optional safety feature, which might have alerted the pilots to technical malfunctions that partly caused the accidents.“We don’t make safety features optional,” Dennis Muilenburg, Boeing’s chairman and chief executive, said at the company’s annual meeting in Chi
  
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• Ferrexpo could have done without the side show to its Deloitte spat

  29-04-2019 20:25 via theguardian.com
  A wiser board might have stopped Chris Mawe’s £400,000 share sale the morning before auditor quitIt is a rare for an auditor to quit the role at a London-listed FTSE 250 firm. So one might conclude it was merely unfortunate that Chris Mawe, the finance director at Ferrexpo, chose last Thursday morning to sell £400,000-worth of shares, just before events moved rapidly at the Swiss-based miner of iron ore in Ukraine. In the evening of the same day, Deloitte quit. On Friday mornin
  
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• Ringing changes: UK's first till-free grocery shop opens in London

  29-04-2019 18:34
  Sainsbury’s customers at Holborn Circus site can pay via app without going through checkoutSainsbury’s has launched the UK’s first till-free grocery store, at a central London branch, which allows shoppers to pay with their smartphone and walk out of the shop without going through a checkout.Customers use the supermarket’s Smartshop app to scan groceries as they walk round the store, bag them and then pay in the app via Google Pay or Apple Pay, scanning a code to confirm
  
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• Brexit pensions CHAOS for expats: Could YOU be in line for a £50,000 windfall?

  29-04-2019 16:37 via feedproxy.google.com
  BRITISH expat retirees in Spain have made a record £4.2million in compensations claims after panicking over potentially being mis-sold underperforming personal pensions.
  
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• Big tech must get its house in order or risk stronger regulation | Michael Boskin

  29-04-2019 09:23 via theguardian.com
  Governments had to act on Facebook, Google and Amazon – but they could stifle innovationTwo years ago, it seemed clear that a combination of factors would lead to increased calls to regulate technology companies, especially the big tech giants Amazon, Apple, Facebook and Google. When that happens, I argued at the time, regulatory policy would have to strike a sensible balance between mitigating the most harmful effects of technology and allowing tech companies to continue improving people&
  
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• I'm confused about renting and changes to capital gains tax

  29-04-2019 08:00
  I’m not sure whether now would be a good time to sell the house I’ve been renting outQ I’m confused about the proposed changes in the capital gains tax system for people selling their home when it has been rented out. I’m unsure if it would be wise for me to sell my house now as my fixed-rate mortgage expires in July 2019. My initial plan was to go with a new fixed-rate mortgage for two years (starting July 2019) whilst I retrain in a new career and keep the property let
  
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• Police Scotland warns of rise in teens targeted as money mules

  29-04-2019 07:00
  Gangs recruit schoolchildren to move the proceeds of crime through their own accounts Police Scotland has written to secondary schools across the country warning parents and teachers that criminal gangs are targeting teenagers to act as “money mules”, as a senior officer warned youngsters are increasingly recruited online to move the proceeds of fraud through their own bank accounts.Recent inquiries into “vishing” fraud in Scotland – where individuals are tricked in
  
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• I sent my iPhone to a recycling company and haven't been paid

  29-04-2019 01:00
  I checked the reviews on a comparison website and they were uniformly glowingI recently sent an iPhone for recycling to PhoneConvert for which they have still not paid me. I found them through a price comparison site, which featured uniformly good reviews. They were slow to respond and after some chasing they got back to me saying the phone was still locked to my iCloud account; this was not the case. When I complained they offered to return the phone; I accepted, but three weeks later I haven&r
  
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