Financial news

• Protesters disrupt Philip Hammond's Mansion House speech - video

  20-06-2019 23:46 via theguardian.com
  Climate change activists on Thursday disrupted a speech by Philip Hammond at Mansion House in London. Footage showed several women wearing red dresses and sashes reading 'climate' shouting at Hammond before being escorted out of the banquet hall. After the protesters were removed, Hammond stood up and said it was 'ironic' as the British government had just 'led the world' by committing to a zero-carbon economy by 2050.Greenpeace activists target chancellor's speech in climate protestContinue rea
  
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• NatWest is first big UK bank to let customers open account with a selfie

  20-06-2019 19:58
  Lender uses AI to confirm the image matches the applicant’s ID documentsNatWest has become the first major high street bank to enable customers to open an account with a selfie.The move removes the need to go into a branch, put identity documents in the post or wait a day or two for the account-opening process to be completed. Instead, the customer provides a selfie and photo ID such as a passport to verify who they are. Continue reading...
  
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• Life goals: how three women made their money work

  20-06-2019 11:03
  Sacrifice isn’t easy, whether it’s postponing a holiday or giving up takeaways. Putting that extra money into an ISA or an investment portfolio, however, could make a real differencePutting money aside – whether it’s for short-term goals or major life changes – can be difficult. There’s the unappealing prospect of forgoing stuff, toning down your social life, or taking on a side hustle. But with a bit of careful planning, and a clear goal to motivate you, you
  
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• US rate cut hopes lift pound over $1.27, ahead of Bank of England decision - business live

  20-06-2019 09:46 via theguardian.com
  Rolling coverage of the latest economic and financial news, as the dollar falls after US Federal Reserve hints that borrowing costs will fall soonIntroduction: Fed hints that rates will fall soonMarkets think July rate cut is nailed-onComing up: Bank of England decision at noon 8.46am BST Ouch! Shares in UK electronics retailer Dixons Carphone have plunged by a quarter in early trading.Dixons Carphone has shocked the City by warning that its UK mobile business will be “significantly loss m
  
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• Dixons Carphone reveals big losses at mobile phone shops

  20-06-2019 09:19 via theguardian.com
  Owner of Currys, PC World and Carphone Warehouse blames 22% profit fall on consumers delaying phone upgradesShares in Dixons Carphone, Britain’s biggest electrical and mobile phone retailer, slumped almost 30% as it reported a big fall in profits and warned of “significant” losses in its mobile phone business.The group, which owns Currys, PC World and Carphone Warehouse, said it has been hit by a growing trend among consumers to delay upgrading their mobile phones. Continue rea
  
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• A short working week is good for your mental health – but it made me miserable

  20-06-2019 09:00
  A new study shows working one day a week (and not necessarily more than that) can improve your mood. This doesn’t reflect my experienceThe essential ingredients of happiness are having someone to love, something to do and something to look forward to. Great aphorisms have many fathers; I have seen this one attributed to Kant, Aristotle and Mae West, which is a decent line-up for a fantasy dinner party. Having someone to love and something to look forward to ideally go hand in hand. Having
  
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• UK's big energy firms accused of failing to tackle climate crisis

  20-06-2019 08:00 via theguardian.com
  Shell, BP and Centrica have talked of backing EU emissions target but withheld support The UK’s largest energy companies have withheld support for a legally binding target to reduce the EU’s emissions to net zero by 2050, even while publicly backing the plans.Royal Dutch Shell, BP and British Gas’s owner, Centrica, have all publicly thrown their weight behind more ambitious EU emissions cuts, but none supported the Brussels proposals for a tougher target in an official consulta
  
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• My credit rating suffered when I tried to buy smartphones

  20-06-2019 08:00 via theguardian.com
  After ordering and checking my credit rating several times, I can’t reverse the damage to my ratingI ordered two new smartphone contracts for myself and my wife. My wife decided to go for a different handset, so I cancelled her contract and reapplied.On the delivery day, I called to find out when it was coming, only to be told the order had been cancelled. No one could tell me why. Continue reading...
  
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• Vice-chancellors still attend pay meetings despite outcry

  20-06-2019 01:01
  University and College Union found only nine institutions allowed VCs to voteUniversities have stopped vice-chancellors from voting on the committees that set their pay following last year’s outcry over rising salaries but many university leaders have clung to the right to attend the meetings, it has been revealed.Freedom of information requests by the University and College Union (UCU) found that just nine universities said they still allowed their vice-chancellor to vote on their institu
  
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