Financial news

• Rihanna launches upmarket fashion label with LVMH group

  10-05-2019 21:06 via theguardian.com
  Pop singer becomes first black woman to head up a fashion house at the companyPop star Rihanna is launching an upmarket fashion label with the world’s biggest luxury group, LVMH, as the singer attempts to build her business empire and the French owner of Louis Vuitton seeks to connect with the Instagram generation.The deal makes the singer, whose full name is Robyn Rihanna Fenty, the first black female to head up a fashion house at the company, which owns a sprawling portfolio of top brand
  
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• The Guardian view on US-China trade wars: don’t start them | Editorial

  10-05-2019 19:30 via theguardian.com
  The time has come to rewrite the rules so that the world’s largest economies are able to trade peacefullyDonald Trump has been an opponent of free trade deals all his public life. A protectionist message was central to his run for the White House. On the campaign trail he promised “reversing two of the worst legacies of the Clinton years”: railing first against the North American Free Trade Agreement, Nafta, and second against China’s entry into the World Trade Organizati
  
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• Could doomsday be nearing as US-China trade war heats up?

  10-05-2019 19:25 via theguardian.com
  Dispute between economic powerhouses is reminiscent of cold war standoff in CubaThe economic conflict that has been simmering between the US and China has entered a new and dangerous phase. Without question, the world is closer to a full-blown trade war than it has been since the 1930s.The issue now is whether the two sides can step back from the brink. So far, financial markets think the standoff is akin to the Cuban missile crisis of October 1962, the closest the US and the Soviet Union came t
  
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• Uber goes into reverse as first day stock price disappoints

  10-05-2019 18:00 via theguardian.com
  Stock traded considerably lower than $100bn the ride-hailing app had hoped to achieveUber’s hopes of a surge in the price of its shares have fallen flat, as investors gave the taxi-hailing app’s eagerly anticipated stock market float a frosty reception by sending the shares below their launch price.Uber put a price of $45 on its shares valuing the company at $80bn (£61.4bn) – well below the $100bn it had once hoped to achieve – amid jitters among investors at the la
  
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• The case for rural public transport | Letters

  10-05-2019 17:32 via theguardian.com
  We need to invest in country buses and trains, writes Jenny Gray. Sue Owen praises Manchester’s trams, while Mick Marchington bemoans the slowness of northern cross-country rail servicesIn total sympathy with Lynsey Hanley’s sentiments (By rail or bus, the north is going nowhere, Journal, 8 May). Not only the north but everywhere outside London is blighted by heavy use of polluting motor vehicles and woefully inadequate and expensive public transport.If the government was serious abo
  
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• Let’s move to Hornsey, north London: pricey, yes, but not bad for these parts

  10-05-2019 17:30
  Slightly more affordable than its posh neighbours, and it still has a ‘proper’ high street, nice parks and stout Edwardian pubsWhat’s going for it? I like a hill. I live on a hill. I get claustrophobic in the vast, mostly hill-free (or hill-lite) stretches of east or west London. I can’t see out. “Always buy on a hill,” an estate agent once told me, “won’t get flooded” – a bit of folk wisdom that, in our benighted times of April heatwav
  
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• Choccywoccydoodah CEASES trade: Brighton shop CLOSED leaving chocolate lovers DISTRAUGHT

  10-05-2019 16:43 via feedproxy.google.com
  CHOCCYWOCCYDOODAH has broken the hearts of chocolate lovers across the UK after announcing it will trade no more.
  
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• Pension change: Pension Credit reform NEXT WEEK could see couples lose £70,000 – will YOU?

  10-05-2019 14:33 via feedproxy.google.com
  ALMOST one in ten mixed-age couples could stand to lose as much as £70,000 under changes coming in next week to Pension Credit, according to new analysis.
  
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• Select falls into administration with 1,800 of jobs at risk – will stores be CLOSING?

  10-05-2019 12:31 via feedproxy.google.com
  FASHION chain Select has plunged into administration, marking the latest casualty to hit the beleaguered UK high street.
  
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• Debenhams store closures: 22 shops CONFIRMED to close – is your Debenhams shutting?

  10-05-2019 12:01 via feedproxy.google.com
  DEBENHAMS will be pressing ahead with the closure of 50 stores, with 22 branches to shut by early next year.
  
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• Pound euro exchange rate: GBP traders take no notice as UK economy rebounds

  10-05-2019 11:57 via feedproxy.google.com
  THE pound remains muted against the euro and the pairing is currently trading at around €1.158.
  
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• Pound US dollar exchange rate: GBP rangebound despite impressive UK growth

  10-05-2019 11:52 via feedproxy.google.com
  THE pound US dollar exchange rate is currently trading at $1.301, virtually unchanged from this morning’s opening rate and leaving the pairing close to a one-week low.
  
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• Brexit stockpiling sees BOOST to UK economy: GDP grows by 0.5 percent in first quarter

  10-05-2019 10:37 via feedproxy.google.com
  BREXIT stockpiling has boosted the UK economy with new figures showing gross domestic product grew by 0.5 percent in the first three months of this year.
  
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• Pound LIVE: UK economy BOOSTED by Brexit stockpiling – GBP treading water against euro

  10-05-2019 09:58 via feedproxy.google.com
  THE pound is treading water against the euro and US dollar this morning after the release of UK first-quarter gross domestic product figures.
  
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• Homes used as film and TV locations – in pictures

  10-05-2019 08:00
  Tread in the footsteps of the stars with these properties featured in the likes of Harry Potter and Spaced Continue reading...
  
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• Pension Credit changes: What is the new change - and how could it cost you £7,000 A YEAR?

  10-05-2019 07:00 via feedproxy.google.com
  PENSION CREDIT is an income-related benefit that could boost the amount of State Pension you receive. But the Government scheme will soon change - so what is the new change?
  
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