Financial news

• US tech stocks slide as Google, Facebook and Apple fear antitrust investigations

  03-06-2019 21:22 via theguardian.com
  US government reportedly considering separate investigations into whether tech giants are engaged in anti-competitive practicesUS tech stocks were dragged down on Monday amid fears US antitrust officials were preparing to investigate Apple, Facebook and Google parent Alphabet, as the political winds turn against the tech sector. Related: Nancy Pelosi condemns Facebook as 'willing enablers of Russian interference'Continue reading...
  
  Read more

• Can Neil Woodford turn around his fund's redemptions mishap?

  03-06-2019 21:02 via theguardian.com
  Punters expect instant liquidity, if a fund can’t fulfil that requirement it’s in extreme territoryIs this the end of Neil Woodford’s career as the UK’s most famous, and most celebrated, fund manager? It could be that serious. Woodford has recovered from setbacks in the past, but they have been of the conventional stock-picking variety – a bad run in the markets. Blocking redemptions from a flagship fund is very different.Punters expect instant liquidity, meaning th
  
  Read more

• Kier shares plunge more than 40% after profit warning

  03-06-2019 20:21 via theguardian.com
  Construction firm working on HS2 and Crossrail says profits will be lower than forecastInvestors dumped shares in Kier Group on Monday after a profit warning from the construction and services company prompted comparisons with Carillion, its former rival that collapsed last year.Kier, which employs 20,000 people and works on large infrastructure projects such as HS2 and London’s delayed Crossrail , said its underlying full-year profits would be substantially below earlier forecasts, at abo
  
  Read more

• Neil Woodford blocks investors from pulling cash from flagship fund

  03-06-2019 19:41 via theguardian.com
  Dealings in fund suspended after it shrank by £600m in a month, including £187m of redemptions The renowned fund manager Neil Woodford has blocked investors from pulling cash from his flagship fund after becoming overwhelmed by customer withdrawals following a series of bad market bets.A statement on the investment manager’s website said dealings in Woodford’s equity income fund were suspended after an “increased level of redemptions”. It said the move intende
  
  Read more

• Advertisement

• Strike hits production at world's biggest Nutella factory

  03-06-2019 18:15 via theguardian.com
  Workers blockade French site, halting three production lines as ingredients run lowA factory in northern France that makes 25% of the world’s Nutella has been blockaded for a week by workers demanding more pay, causing key ingredients to run low.The Villers-Écalles factory of the privately owned Italian confectionery company Ferrero normally produces 600,000 jars a day of the cocoa and hazelnut spread, making it the biggest Nutella producer in the world. Continue reading...
  
  Read more

• Further safety issue found in grounded Boeing 737 Max planes

  03-06-2019 18:01 via theguardian.com
  Airlines told to check aircraft as affected components may be at risk of premature failureSafety regulators in the US have identified a further problem in Boeing’s grounded 737 Max model and the generation of planes that preceded it.The Federal Aviation Administration has told airlines to check more than 300 737 aircraft, including 179 of the Max model, for improperly manufactured parts. Continue reading...
  
  Read more

• WEBSITES AND SMALL FIRMS: essential guide to setting up and building revenue

  03-06-2019 17:43 via feedproxy.google.com
  Digital expert and entrepreneur Simon Heyes, owner of online marketing agency Novel , shares his top tips on how to get the fundamentals right from the start and then make the most of your website and transform revenues.
  
  Read more

• Brokenshire criticised for suggesting first-time buyers dip into pension

  03-06-2019 17:28
  Officials say housing secretary’s idea ‘will be risky and does not help the people it intends to’The housing and communities secretary, James Brokenshire, has faced criticism from Whitehall officials after suggesting that people should be allowed to dip into their pension funds to afford the deposit on a first home.Officials at the Department for Work and Pensions (DWP) have written to Downing Street to say the idea was not cleared with them, and could carry risks. Continue rea
  
  Read more

• Advertisement

• Refund for driver after double ticket parking charge confusion

  03-06-2019 16:53 via feedproxy.google.com
  A MOTORIST faced almost impossible odds when she took on two companies charging her over a hundred pounds for parking tickets she had already bought.
  
  Read more

• Ineos to invest £1.6bn in building Saudi Arabia chemical plants

  03-06-2019 16:33 via theguardian.com
  Firm owned by UK’s richest person, Jim Ratcliffe, is due to start production in 2025Ineos, owned by the UK’s richest person, Sir Jim Ratcliffe, will invest $2bn (£1.6bn) in Saudi Arabia for the construction of three chemical plants. It is the energy and chemical firm’s first investment in the oil-rich kingdom, which has been criticised over the murder of journalist Jamal Khashoggi and other human rights abuses.The three plants to be constructed by Ineos will form part of
  
  Read more

• UK and US business chiefs to have breakfast meeting with Trump

  03-06-2019 16:02 via theguardian.com
  Heads of GSK and Barclays among invitees to gathering hosted by president and PMDonald Trump meets the Queen at start of UK state visitExecutives of Barclays and the British drugmaker GlaxoSmithKline are among those invited to a breakfast meeting between Donald Trump and senior business leaders.About 10 executives have been asked to attend the gathering on Tuesday at St James’s Palace in central London, making it a much smaller affair than the business leaders’ banquet at Blenheim Pa
  
  Read more

• Mortgage rates: Can mortgage adviser help get top rate? Third of borrowers unaware of role

  03-06-2019 15:47 via feedproxy.google.com
  MORTGAGE payments are part of many people’s monthly outgoings. However, new research has shown that nearly a third of borrowers weren’t sure about how a mortgage adviser could help with their search to get the best deal.
  
  Read more

• Amazon opens PHYSICAL stores on UK high street after town centres crippled by online trade

  03-06-2019 15:34 via feedproxy.google.com
  AMAZON has launched the first in a series of pop-up shops in the UK for online sellers using its marketplace.
  
  Read more

• Germany manufacturing at LOWEST level since 2012 in bleak outlook for Merkel economy

  03-06-2019 15:26 via feedproxy.google.com
  GERMANY saw its manufacturing sector slip further into the red this month as the largest economy in Europe continued to be buffeted by weakened factory activity.
  
  Read more

• easyJet braced to FALL out of FTSE 100 amid HUGE stock reshuffle THIS week

  03-06-2019 13:40 via feedproxy.google.com
  EASYJET is expected to crash out of the FTSE 100 this week amid a hammering to the budget airline’s shares after reporting a widened loss.
  
  Read more

• Topshop, Burton, Dorothy Perkins store closures: Huge Sir Philip Green decision THIS week

  03-06-2019 13:09 via feedproxy.google.com
  THE UK high street is braced for its next casualty with branches including Topshop, Burton and Dorothy Perkins at risk of closure as the future of Sir Philip Green’s Arcadia Group hangs in the balance.
  
  Read more

• Donald Trump UK visit: US leader ‘DEADLY serious’ about Mexico tariffs as he lands in UK

  03-06-2019 13:02 via feedproxy.google.com
  DONALD TRUMP is “deadly serious” about imposing crippling tariffs on imports from Mexico, his chief of staff warned as the US President landed in the UK for a three-day state visit.
  
  Read more

• UK factory output shrinks on back of Brexit uncertainty

  03-06-2019 12:38 via theguardian.com
  Manufacturers in eurozone hit by even sharper slowdown than in BritainThe government has been sent a warning signal that Brexit uncertainty is pushing Britain’s manufacturing sector into recession as the latest industry health check showed the weakest performance since the aftermath of the EU referendum three years ago.Order books shrank rapidly after a period when businesses had been stockpiling goods in the run-up to the original Brexit deadline at the end of March, according to the regu
  
  Read more

• Bernie Sanders’ plan to empower workers could revolutionise Britain’s economy | Mathew Lawrence

  03-06-2019 09:59 via theguardian.com
  Giving employees a stake in firms would reshape power: this could be the start of a transatlantic challenge to neoliberalismProgressives are no longer content to just regulate capitalism – instead they’re going after capital, seeking to dramatically transform wealth itself. That is the lesson of Bernie Sanders’ most ambitious policy yet, announced last week: a plan to reshape ownership of business so that workers share in the wealth they create. Related: Bernie Sanders to deman
  
  Read more

• Trump UK visit: President trip marred by warning US-China trade war will DESTROY economy

  03-06-2019 09:52 via feedproxy.google.com
  THE global economy could be plunged into major recession in less than a year if the increasingly bitter US-China trade war continues to escalate, according to investment bank Morgan Stanley commenting as Donald Trump arrived in Britain for a state visit.
  
  Read more

• UK workers would back pay transparency to fight inequality – poll

  03-06-2019 08:01
  Survey adds weight to Labour’s call for Scandinavian-style income disclosure in BritainA majority of British workers would back pay transparency measures to tackle income inequality, as calls mount for Scandinavian-style income disclosures in Britain.A survey undertaken by YouGov on behalf of the jobs website Indeed showed 56% of workers support making personal information such as monthly income and tax returns publicly available. Continue reading...
  
  Read more

• I own a property – can I get a deal if I buy another with a friend?

  03-06-2019 08:01
  He’s a first-time buyer and we’re hoping to get a better mortgage and pay less stamp dutyQ I am really hoping you could give me some advice. I am currently based in London throughout the week and spend most weekends in Nottingham where I recently bought a property as a first-time buyer. I am now interested in buying somewhere in London together with a friend. I know that I’m not a first-time buyer but my friend is. Are we able to use his first-time buyer rights to secure a 10%
  
  Read more

• As good today... Hovis brings back its 'boy on the bike' TV advert

  03-06-2019 08:01 via theguardian.com
  Ridley Scott ‘thrilled’ at return of his 1973 ad, with re-recorded soundtrack by Ashington Colliery brass band Hovis is bringing its much-loved “boy on the bike” television advert back, nearly 50 years after it was last seen.The short film will be shown on ITV on Monday evening. Continue reading...
  
  Read more

• Lime e-bike company won't pay for £900 damage to my car

  03-06-2019 08:00
  Electric cycle service refuses to take responsibility, blaming the last person to ride the bikeOne of bike-sharing company Lime’s distinctive green e-bikes recently fell on to my parked car, causing around £900-worth of damage. However, the California-based company has refused to take responsibility. The first I knew of the incident was when a neighbour told me that she had found the bike on my car. I have contacted Lime three times to see how I can claim compensation, and provided e
  
  Read more

• Pensions must do right thing on climate crisis, says minister

  03-06-2019 07:01
  Call for support for schemes moving people’s money from fossil fuels into renewablesPension schemes should be supported for moving people’s money out of fossil fuels and into renewables because the financial risks from the climate crisis are “too important to ignore”, a government minister will say on Monday.The pensions minister, Guy Opperman, is due to tell a conference that pension and investment managers must “do the right thing” and take their environment
  
  Read more

• Pensions must do right thing on climate change, says minister

  03-06-2019 07:01
  Call for support for schemes moving people’s money from fossil fuels into renewablesPension schemes should be supported for moving people’s money out of fossil fuels and into renewables because the financial risks from the climate crisis are “too important to ignore”, a government minister will say on Monday.The pensions minister, Guy Opperman, is due to tell a conference that pension and investment managers must “do the right thing” and take their environment
  
  Read more

• Amazon to open 10 pop-up shops in UK town centres

  03-06-2019 07:01 via theguardian.com
  Supported venture moves in on defunct retailers’ turf, to help small businesses growFirst it battered Britain’s high street retailers with its convenience, low prices and huge range of products. Now the online shopping giant Amazon is moving in on their turf, with a chain of pop-up shops selling everything from food and drink to electronics, beauty products and homewares.The first Clicks and Mortar shop will open in St Mary’s Gate in central Manchester on Monday and will also o
  
  Read more

• ‘All we know is MONEY!’: US cities struggle to fight hackers

  03-06-2019 07:01 via theguardian.com
  Baltimore this month joined Atlanta, San Diego and Newark in the list of US cities hit by ransomware attacks as the cyber intrusions are expected to continue“We won’t talk more, all we know is MONEY! Hurry up!”This was the ransom note that confronted Baltimore officials on 7 May when hackers crippled government computers with a virus, taking the systems hostage. The ongoing cyber-attack has halted real estate transactions and shut down websites for processing water bills and ot
  
  Read more

• GREEN INVESTMENTS: experts choose their environmental stars

  03-06-2019 01:01 via feedproxy.google.com
  THE RENEWABLE Energy Infrastructure sector is having a record year with £1.06bn of new money raised.
  
  Read more

Follow @financialnwsUK on Twitter!