Financial news

• Mexico could tighten migration controls to defuse Trump tariffs threat

  01-06-2019 21:03 via theguardian.com
  Andrés Manuel López Obrador hints at concession to USTalks over US president threat in Washington next weekMexico’s president hinted on Saturday that his country could tighten migration controls in order to defuse Donald Trump’s threat to impose tariffs on Mexican goods. Andrés Manuel López Obrador also said he expected “good results” from talks in Washington next week. Related: 'No idea too lunatic': how Trump's shock troops attack US democrac
  
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• Housing campaigners celebrate banning of letting fees for tenants

  01-06-2019 19:13 via theguardian.com
  But rent activists are concerned that some agents intend to flout new lawsHousing campaigners have staged demonstrations around the country to celebrate the banning of letting fees for tenants. However, many remained sceptical as to whether the new laws would be respected.Activists from the London Renters’ Union marched in Hackney holding a banner saying, “Pay your own damn fees”, while campaigners in Bristol, Brighton, Sheffield, Manchester, Leeds and Newcastle visited letting
  
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• Nimble JD Sports leaves M&S standing in the race for a Footsie listing

  01-06-2019 17:01 via theguardian.com
  With a place among Britain’s top 100 companies at stake, the once mighty brand finds itself being left behind yet againIt’s a high street that encapsulates the tale of two retailers. On the Holloway Road in north London, Marks & Spencer will shut up shop on Saturday after 105 years as part of the local community.Just a few days before the doors close for the final time, the company, which joined the stock market in 1926, could be turfed out of the FTSE 100 index of leading compan
  
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• Arcadia faces angry creditors in battle to stave off bankruptcy

  01-06-2019 17:00 via theguardian.com
  Retail group must win 75% approval this week for plan to close 23 stores and slash rentsSir Philip Green’s retail empire faces a crunch meeting with creditors this week as it tries to avert a collapse into administration which could put 18,000 jobs at risk.The group, which operates 570 shops, must win approval from 75% of its creditors, most of whom are landlords, for a restructuring which will enable it to close at least 23 stores and cut rents by up to 70% on nearly 200 more. Continue re
  
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• Criminals learning how to commit card fraud from dark web

  01-06-2019 11:10 via theguardian.com
  Tutorials available online showing how to get details of stolen cards, says tech firmCard fraud is evolving, with amateur fraudsters able to “enrol” in online “classes” where they can learn how to use stolen card details to buy smaller-value items. That’s the claim from a UK tech firm, which says a new breed of opportunistic fraudster is learning how to commit crime via online tutorials and guides available on the so-called “dark web”.Featurespace, a Cam
  
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• Pat McGrath Labs becomes Selfridges biggest-selling beauty line

  01-06-2019 10:00 via theguardian.com
  The store sold a product from the range created by the British makeup artist every 40 seconds in AprilPat McGrath Labs, the beauty range created by the British makeup artist Pat McGrath, has achieved the highest cosmetics turnover in its first month on sale at Selfridges of any brand in the department store’s history.The Oxford Street department store collaborated with Pat McGrath Labs on its largest-ever retail takeover, A Technicolour Odyssey, dedicating 155 sq metres of its shop floor t
  
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• All change: how to leave the city and find a new career

  01-06-2019 09:30
  As growing numbers abandon London and other expensive cities for a better quality of life, some are using the big move to start their own businessFilling up a removal van with your belongings and heading to a new area can mean huge upheavals across every aspect of your life, whether it’s a new school for the children, saying goodbye to old friends or just a whole new neighbourhood to explore and find your way around. But for some, it can lead to another drastic life change: a brand new car
  
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• Rip-off letting fees are finally banned – what will happen now?

  01-06-2019 08:01 via theguardian.com
  Charges that could add as much as £800 to the cost of renting a home have been swept awayIt’s been almost three years in the making, but to the huge relief of renters across England, the ban on rip-off letting agent fees finally came into force today.Gone are the £300-plus admin fees and the £100 credit-check fee, the hefty extra charge if you want to keep a cat, or the steep surcharge to move in or out on a Saturday – charges that became routine and could add as mu
  
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• Is it worth buying a 5G mobile phone yet?

  01-06-2019 08:01 via theguardian.com
  I love the idea of higher connection speeds – but should I wait until there’s more choice?Every week a Guardian Money reader submits a question, and it’s up to you to help him or her out – a selection of the best answers will appear in next Saturday’s paper.5G has been launched in the UK this week. I love the idea of higher connection speeds and I live in one of the areas where the new network operates. It is not cheap, however. So should I sign up now and buy a 5G
  
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• ‘I started a chocolate brand as my son had dairy intolerance’

  01-06-2019 08:01
  Louise Mann on how she survived financially while building her company, Cocoa LibreAs a recently divorced single mum, the past few years have been a bit of a struggle financially. Occasionally I’ve had to borrow money from my family. My car was completely written off in February, so I had to take out a bank loan for a new one. The lowest point was when I was newly separated and had to ask my mum to come to the supermarket to pay for food.The reason money was tight was due to not being able
  
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• Beware high-value euro notes, British holidaymakers told

  01-06-2019 08:01 via theguardian.com
  Some smaller businesses in Europe may not accept new €100 and €200 notes British holidaymakers in Europe this summer are being urged to watch out for high-denomination euro banknotes amid warnings that some shops and businesses will not accept them.New €100 and €200 notes with advanced security features entered circulation this week. But there are concerns UK consumers may have to pay additional fees to exchange the larger notes back to sterling. Continue reading...
  
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