Financial news

• Purplebricks needs to conquer the UK before becoming a world leader | Nils Pratley

  07-05-2019 19:49
  Departure of online estate agent’s chief executive seems to signal reality biting after share price fallA year ago, Purplebricks’ boast about being a “world-leading” competitor to traditional estate agents sounded cheeky, but not hopelessly so. The would-be UK disrupter had launched in Australia, Canada and the US. In doing so, it caught the eye of Axel Springer. The German publishing company snapped up an 11.5% stake for £125m in March last year, apparently confirm
  
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• East London council claims victory with deal on NatWest loans

  07-05-2019 15:51
  Newham expects to save £143m in interest payments that can now go towards servicesNewham council is claiming victory after striking a deal with NatWest over £150m in high-cost bank loans that it says will save millions of pounds and enable it to boost spending on local services.The beleaguered east London authority said it expected to save up to £143m in interest payments over the remaining 41 years of the contract – or £3.5m per year – as a result of the deal
  
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• For England’s new councillors, the reality of life in our boroughs will hit hard | Peter Hetherington

  07-05-2019 14:00
  Those newly elected will find their ambitions stymied by cuts – and by a funding system that hits poorest areas the hardestOptimism will be short-lived among the 1,560-plus new councillors – Liberal Democrats, independents, Greens – elected last week in the cities and shires of England, where countless councils changed hands.Related: Local elections: Brexit dithering and delay hurts the main partiesContinue reading...
  
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• Germany DISAPPOINTS: Weaker-than-expected factory orders fail to lift economy fears

  07-05-2019 12:35 via feedproxy.google.com
  GERMANY has failed to relieve escalating fears of a long stretched slowdown in economic growth as disappointing factory orders for March revealed a weaker than expected rebound.
  
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• Pound US dollar exchange rate: GBP slips as Donald Trump reignites trade tensions

  07-05-2019 11:56 via feedproxy.google.com
  THE pound remains muted against the US dollar and the pairing is currently trading at around $1.309.
  
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• Pound euro exchange rate: GBP steady as German factory orders miss expectations

  07-05-2019 11:43 via feedproxy.google.com
  THE pound euro exchange rate is trading at €1.170, virtually unchanged from this morning’s opening rate.
  
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• Pound LIVE: GBP Sterling SOARS against euro on Brexit optimism and Germany let-down

  07-05-2019 10:09 via feedproxy.google.com
  THE pound shot up against the euro and US dollar this morning on optimism that Brexit will soon be done and dusted.
  
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• NatWest has frozen me out and won't let me move accounts

  07-05-2019 08:00
  I provided full transparency on my dealings but the bank still refuses to listen to meCan you help me with a problem? NatWest has frozen my bank account and is now refusing to allow me to switch to a rival bank. Like other readers you have featured in the past, I got a letter saying that my account would be closed in a couple of weeks, and no explanation was offered. I have previously worked in Iraq, but it seems the reason they blocked me is because I made several money transfers from Dubai, wh
  
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