Financial news

• The FCA – a watchdog too nice and chummy to bark or bite

  25-06-2019 20:24 via theguardian.com
  Outgoing boss tells MPs why regulator couldn’t do much about one claim of wrongdoing after anotherNobody fears the Financial Conduct Authority. Nobody fears its genial boss, Andrew Bailey. Not really. Or at least not enough to worry about doing jail time or even being banned from working in the City if they do something wrong.The FCA might be the main regulator of the financial services industry on behalf of Britain’s vast army of consumers. It might have a wide range of powers to br
  
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• ‘There’s a real scene happening here’: how Dig Brew Co put Birmingham craft beer on the map

  25-06-2019 18:02 via theguardian.com
  Oliver Webb started brewing while at university. Now he runs Dig Brew Co, which produces the tipples of choice for Birmingham’s cultural sceneOn the edge of Birmingham’s city centre lies Digbeth, a partially deserted industrial landscape of former Victorian factories, warehouses and tall railway arches. For the past few decades, it has been a handy place for artists and independent businesses to set up shop and take advantage of large spaces with low rents. Dig Brew Co, founded by 2
  
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• Cashless Monopoly: Is this the final nail in the coffin for physical money?

  25-06-2019 17:43
  The board game is launching a digital edition, introducing kids to a cashless society. But it may be jumping the gun …For many children, the board game Monopoly is their introduction to capitalism, slum landlords and what to do with wedges of banknotes. While the first two may still prove grimly relevant to their lives, a whole generation of children may grow up wondering what cash is. Hasbro, which makes Monopoly, is bringing out a cashless version with a digital “voice banking&rdq
  
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• Do today what can be done tomorrow: how to stop procrastinating at work

  25-06-2019 13:32 via theguardian.com
  Stalling and delaying essential tasks at work is a human trait we can all recognise, but what causes it and how can we overcome it? Susie Mesure puts on the kettle and looks out the windowIt could be really beneficial for you to read this article. But, let’s face it, wouldn’t it be tempting to just leave it for later? After all, procrastination is one of the most common barriers to getting things done. It’s the reason why some jobs just seem to linger indefinitely on our to-do
  
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• Southern Water faces prosecution after record £126m penalty

  25-06-2019 10:42
  Company must pay back £123m to customers over ‘shocking’ failures at sewage treatment sitesSouthern Water faces prosecution by the Environment Agency after being handed a record £126m penalty by the water regulator over “shocking” failures at its sewage treatment sites that polluted rivers and beaches in southern England.The package imposed by the regulator, Ofwat, includes compensation of £123m to customers over five years and a £3m fine. The comp
  
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• Here’s what’s missing from the Deliveroo service

  25-06-2019 08:00
  The one thing that they’re now failing to deliver … is a refundSome food items frequently don’t get delivered from a particular restaurant I order from on Deliveroo. Once it was just a case of selecting “missing items”, and a credit would automatically be applied. But on the last two occasions, I’ve received a rather glib email saying: “We can’t offer you credit right now. We will take your feedback on board and work on improving the experience ne
  
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• Good, affordable nursery care benefits us all – but it’s nowhere to be found | Suzanne Moore

  25-06-2019 08:00
  Private nurseries are a boon for entrepreneurs, but – for all the sanctification of motherhood – women who are exhausting themselves to work are the people we actually care about leastMy daughter has been looking at nurseries. I must admit it is a long time since I had to think about that kind of thing. What I have learned is that babies are more expensive than ever. Turns out you can no longer just put them in a drawer, and they have to be wheeled around in contraptions that cost mo
  
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• Monzo valued at £2bn after fresh funding round from US

  25-06-2019 07:01
  Digital bank takes £113m from investors led by Y Combinator, jumping rival Revolut in valueDigital bank Monzo has doubled its value to £2bn after closing a fresh round of investor funding.The valuation of the London-based bank leaped as it confirmed it had raised £113m from a group of investors led by Y Combinator, a US-based investment firm best known for backing holiday letting platform Airbnb, file hosting service Dropbox and online forum Reddit. Continue reading...
  
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• Co-op to trial 100% compostable wrappers at Glastonbury

  25-06-2019 06:01
  Pop-up store will also sell water in recyclable aluminium cans and refillable bottles at festivalSandwiches in 100% compostable packaging will go on sale at Glastonbury festival which starts on Wednesday, as part of a trial launched by the Co-op.In what it claims is a first for a national food retailer, the convenience chain says all elements of the packaging – from the base card to the transparent film and the label – are compostable. Continue reading...
  
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