Financial news

• US stocks set to fall as Google block on Huawei adds to trade tensions – business live

  20-05-2019 14:25 via theguardian.com
  Chinese phonemaker shut out from Android software after Trump ban
  Google blocks Huawei access to Android updates after blacklistingTrump tweets threat: ‘If Iran wants to fight, that will be the end of Iran’Ryanair profits slide due to lower fares and Brexit uncertainty 1.25pm BST Shares in FTSE 100-listed Coke bottler, Coca-Cola Hellenic Bottling Company, have fallen steeply after the separate Coca-Cola Company reversed plans to franchise its African bottling business.Coca-Cola HBC w
  
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• Jaguar Land Rover reports record £3.6bn loss

  20-05-2019 13:27 via theguardian.com
  Britain’s largest carmaker hit by weak Chinese market and falling diesel salesJaguar Land Rover suffered the largest loss in its history last year, sinking £3.6bn into the red as it wrestled with a weak Chinese market, falling diesel sales and a one-off downward revision to the value of its business.Britain’s largest carmaker, owned by India’s Tata Motors, pointed to a return to profitability in the fourth quarter of the year, when it recorded a £120m pretax profit.
  
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• Huawei blockade: do I need to stop using my Android phone?

  20-05-2019 12:27
  Google has cut off Huawei from its Android services because of Trump’s blacklist, but what does that mean for your phone? Donald Trump’s blacklisting of Huawei in the escalating trade war between the US and China is now starting to cause significant issues for the world’s second-largest smartphone manufacturer.Alongside US chip manufacturers, Google has been forced to comply with the US government’s ban on the supply of technologies to Huawei. Continue reading...
  
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• Google’s Huawei ban is good news: tech giants shouldn’t always get their way | Simon Jenkins

  20-05-2019 12:21 via theguardian.com
  Big tech has gone unchallenged for too long. Donald Trump’s decision to blacklist the Chinese company is changing thatThe post-digital revolution starts here. Thank you, Donald Trump. The US president’s decision to blacklist Huawei, which has led to Google ending collaborating with the company, may have the worst of motives. It could have the best of consequences. Related: Google blocks Huawei access to Android updates after blacklistingContinue reading...
  
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• Google blocks Huawei access to Android updates after blacklisting

  20-05-2019 11:34 via theguardian.com
  Reported move could hit Huawei Technologies’ ability to run phone operating system Google has suspended Huawei’s access to updates of its Android operating system and chipmakers have reportedly cut off supplies to the Chinese telecoms company, complying with orders from the US government as it seeks to blacklist Huawei around the world.Google said it was complying with Donald Trump’s executive order and was reviewing the “implications”, after Reuters initially repor
  
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• Oil prices rise amid production cuts and Trump Iran threats – business live

  20-05-2019 11:25 via theguardian.com
  Opec cartel members suggested that production cuts could remain in place to sustain prices10.25am BST Ryanair shares are down by 3.4%, after profits for its last financial year fell by 30%.
  The budget airline predicted another slide in profits in the current year, as air fares fell on the back of Brexit uncertainty and fierce competition in Europe, writes the Guardian’s Julia Kollewe. Related: Ryanair profits slide due to lower fares and Brexit uncertainty10.06am BST It looks like that ret
  
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• BP headquarters in London blockaded by Greenpeace

  20-05-2019 11:20 via theguardian.com
  Environmental activists accuse oil company of ‘fuelling’ climate emergencyGreenpeace activists have blockaded all entrances to the BP headquarters in London, demanding an end to all new oil and gas exploration.The campaigners arrived at 3am on Monday and encased themselves in heavy containers before the oil company’s annual general meeting on Tuesday. Continue reading...
  
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• Ryanair profits slide due to lower fares and Brexit uncertainty

  20-05-2019 10:20 via theguardian.com
  Chief executive Michael O’Leary says airline is cutting prices to encourage bookingsRyanair has reported its lowest profit in four years and forecast another slide this year, as air fares fell on the back of Brexit uncertainty and fierce competition in Europe.Michael O’Leary, the Ryanair chief executive, said fares would continue to fall in the UK and Germany, pointing to consumer nervousness about Brexit. “There is a later booking pattern and we’re having to stimulate bo
  
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• London is still the UK’s golden goose – and that needs to change | Jack Brown

  20-05-2019 10:00 via theguardian.com
  Remove London from the UK’s economy and the nation would fold. Decentralisation would benefit everyoneLondon could be justified in feeling a little unappreciated right now. Britons outside the capital think of its residents as “arrogant” and “insular”, an investigation by the Centre for London has found; London itself is seen as expensive and crowded. Pride in the capital decreases with distance from it, and appears to be declining over time. And while over three-qu
  
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• Swiftcover won’t pay out what I’m due after a serious car accident

  20-05-2019 08:00 via theguardian.com
  We claimed, but we can’t get the £1,000 or so the vehicle was worthJust less than a year ago my husband was involved in a serious car accident. He was badly hurt, taken by ambulance from the scene and kept in hospital for several days.The police had called a recovery vehicle from a local garage to remove the damaged car. Ever since, we have been trying to get his insurance company, Swiftcover, to pay up as per the terms of his policy. Continue reading...
  
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• Can my brother be my tenant even if my mortgage doesn't allow it?

  20-05-2019 08:00 via theguardian.com
  I am concerned about the consequences as I will be going against the terms of my buy-to-let deal Q I have been approved for a buy-to-let mortgage. It has always been my intention not to live in the property. I live in London and am buying a property in my hometown further north. It now transpires that my brother would be happy to live in the property. I know family members are not allowed to be tenants as part of the terms and conditions of the mortgage. He will pay rent, but at a reduced rate.
  
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• Unions lobby investors to press Amazon over UK working conditions

  20-05-2019 07:01 via theguardian.com
  GMB tells shareholders that warehouse workers endure targets that cause sufferingTrade unions are lobbying City investors to put pressure on Amazon to improve conditions for its workers in the UK.At a meeting at the TUC’s head office this month the GMB union made presentations, including one from an Amazon employee, to a dozen leading fund managers and pension funds that own stakes in Amazon including Legal & General, Baillie Gifford and Aberdeen Standard. Continue reading...
  
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• From bleak to bustling: how one French town solved its high street crisis

  20-05-2019 07:00 via theguardian.com
  Mulhouse has turned around its image and now boasts more shops opening than closing, thanks to smart planning, investment and community effortsOn a lane in what was once considered eastern France’s grimmest town, a street artist is up a ladder finishing a mural, the independent bookshop has a queue at the till, the organic cooperative is full of customers and Séverine Liebold’s arty independent tea shop is doing a brisk trade.When Liebold opened Tilvist in Mulhouse three years
  
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• From bleak to bustling: how one French town beat the high street blues

  20-05-2019 07:00 via theguardian.com
  Mulhouse has turned around its image and now boasts more shops opening than closing, thanks to smart planning, investment and community effortsOn a lane in what was once considered eastern France’s grimmest town, a street artist is up a ladder finishing a mural, the independent bookshop has a queue at the till, the organic cooperative is full of customers and Séverine Liebold’s arty independent tea shop is doing a brisk trade.When Liebold opened Tilvist in Mulhouse three years
  
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• UK property register 'needed urgently' to stop money laundering

  20-05-2019 01:01
  MPs and peers say plans for register of foreign-owned property should not be delayedProposals for the first register of foreign-owned property aimed at preventing “McMafia-style” money laundering should be put in practice urgently and reinforced to plug potential loopholes, the government has been told.Draft legislation contains insufficient verification checks to deter criminals from submitting false information and could allow those exploiting trusts to circumvent controls, MPs and
  
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• Rail timetable changes come into effect as industry reels from annus horribilis

  20-05-2019 01:00
  Operators have stepped up efforts to avert fiasco similar to 2018, the worst year on recordRail passengers in the UK endured the worst year on record for delays and cancellations in 2018, it has emerged, as commuters brace for a new timetable change.Rescheduling on British railways last May was the catalyst for chaos and disruption, particularly in the north-west and south-east. An estimated 4m hours were lost to passengers over the year through major delays, with 80 trains every day on average
  
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