Financial news

• NatWest launch ‘rapid cash’ flexible overdraft for businesses

  02-07-2019 18:39 via feedproxy.google.com
  NatWest is stepping up expansion of its digital services for SMEs with a fast credit alternative to the traditional business overdraft and a new ‘talk to the experts’ video banking channel.
  
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• Whirlpool says up to 800,000 faulty dryers pose increased fire risk

  02-07-2019 18:36
  Number of UK appliances affected is greater than first thought, company admitsWhirlpool has admitted that there could be up to 800,000 faulty tumble dryers in UK homes that have an increased fire risk, higher than previously thought.Last month the government ordered a recall of 500,000 tumble dryers, four years after fire safety concerns were first raised by the US home appliance maker. The affected brands are Hotpoint, Indesit, Creda, Swan and Proline. Continue reading...
  
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• State pension: This trick can help you increase your monthly pension - what can you do?

  02-07-2019 18:07 via feedproxy.google.com
  STATE PENSION is a payment given to those who have reached state pension age and have made the appropriate contributions. How much is paid can change from each person and there are something that can be done to increase the monthly amount.
  
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• London house prices slide for eighth quarter in a row

  02-07-2019 15:58 via theguardian.com
  Average cost of a home in the capital down 2.6% over past two years as rest of UK risesHouse prices have dropped in London for the eighth quarter in a row, pushing the average value of a home in the capital down 2.6% over the past two years to £465,722.Figures for the three months to June from Nationwide showed London and the south-east were the worst performers in a national housing market that has managed to keep growing through the past three years of Brexit turmoil, but only at a modes
  
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• Spain economy disappoints as manufacturing shrinks at fastest rate in more than six years

  02-07-2019 15:39 via feedproxy.google.com
  SPAIN has been dealt an economic blow after the southern European nation’s manufacturing sector contracted at its fastest rate in more than six years in June.
  
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• US v Europe: Trump takes aim at Brussels with threat of tariffs on $4bn worth of EU goods

  02-07-2019 15:22 via feedproxy.google.com
  THE United States has ratcheted up pressure on Europe after Donald Trump’s administration threatened to slap tariffs on $4billion of additional EU goods.
  
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• Bitcoin latest: Is world's biggest cryptocurrency heading for a slump? ANALYSIS

  02-07-2019 13:15 via feedproxy.google.com
  THE value of bitcoin dropped like a stone overnight, as the world’s leading cryptocurrency nose-dived below $10,000.
  
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• Eurozone in the red as factory activity contracts for FIFTH month in ‘steep downturn'

  02-07-2019 13:07 via feedproxy.google.com
  THE eurozone economy continued to disappoint as factory activity came in lower than anticipated in June, while also contracting for the fifth month in a row.
  
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• Pound euro exchange rate: GBP eases on eurozone labour update

  02-07-2019 12:40 via feedproxy.google.com
  THE pound euro exchange rate eased -0.2 percent this morning, with the pair fluctuating around €1.117.
  
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• Peer-to-peer lender Funding Circle warns over revenue amid Brexit fears

  02-07-2019 12:02
  Platform reins in riskier loans as confidence falls among small businessesShares in Funding Circle hit a fresh record low on Tuesday after the peer-to-peer lending platform slashed its forecasts for revenue growth in the face of economic uncertainty caused by Brexit.Funding Circle, which links non-bank lenders to small business borrowers, said it was reining in riskier loans, cutting its expectations of revenue growth for 2019 from 40% to 20%. Continue reading...
  
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• UK construction output 'drops like a stone' as Brexit bites - business live

  02-07-2019 11:40
  British builders have suffered their worst monthly decline as heightened political and economic uncertainty hurts the economyBreaking: UK builders suffer plunging outputPMI falls to just 43.1, weakest in a decadeHousebuilding, commercial and civil construction all shrinkingPolitical uncertainty blamedEarlier:UK house prices still subduedLondon prices down 0.7%, with bigger falls in South East 10.39am BST The pound has also dropped against the euro, to €1.116, close to its lowest level since
  
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• Office store closures: Footwear chain ‘considering plans to shut down 100 UK shops’

  02-07-2019 11:04 via feedproxy.google.com
  SHOE giant Office is considering plans to close down roughly 100 stores in what would be the latest blow for the UK high street, according to a report.
  
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• EU the ‘big loser’ in Swiss stock row as tables are turned on bloc - shock German warning

  02-07-2019 10:54 via feedproxy.google.com
  EUROPEAN UNION finance chiefs have “shot themselves in the foot” in their Switzerland stock market row with the tables turned on the bloc after Bern issued a savage retaliation, according to a financial editor.
  
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• London house prices fall for eighth quarter running as Brexit slowdown continues - business live

  02-07-2019 10:03
  Rolling coverage of the latest economic and financial news, as house prices fall across London and the South EastBreaking: UK house price report releasedPrices up just 0.5% in the last yearLondon prices down 0.7%, with bigger falls in South EastComing up: UK construction PMI at 9.30am 9.03am BST Lucy Pendleton, director of estate agents James Pendleton, agrees that the political deadlock since the EU referendum has deterred some house-buyers.“Nationally, it’s no coincidence that this
  
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• Premium bonds checker: Who won the July 2019 £1 million jackpot? How to check

  02-07-2019 09:24 via feedproxy.google.com
  JULY’S Premium Bond winning numbers have been drawn, and two savvy investors will have their lives changed as they become millionaires. So how can you check if it was you?
  
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• Victorian Plumbing faces a drip, drip of complaints

  02-07-2019 08:00
  It offered 10-year guarantee but my tap’s faulty and I can’t get anything doneWe bought bath and basin taps from Victorian Plumbing that had a 10-year guarantee. Both started to drip, and our plumber says the taps are fused inside, perhaps with limescale – meaning the whole tap needs to be replaced. Each time I write to Victorian Plumbing, it says it has sent replacement cartridges [the inside section of the tap]. Each time I tell it the whole tap must be replaced.KE, by emailI
  
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• Use compostable plastic – and the 16 other essential rules of effective recycling

  02-07-2019 08:00
  Do you have to wash your tins before recycling them? Are glass milk bottles better than plastic? Do you need to use a bag for life, for life? All your questions about staying eco without it becoming a burdenDo you wrap your sandwiches in clingfilm or tinfoil? Perhaps you’re considering getting your milk delivered in glass bottles, but can’t decide if the environmental benefit justifies the financial cost. As Scottish retailers prepare for the introduction of a deposit return scheme,
  
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• Avoid black plastic food packaging – and the 16 other essential rules of effective recycling

  02-07-2019 08:00
  Do you have to wash your tins before recycling them? Are glass milk bottles better than plastic? Do you need to use a bag for life, for life? All your questions about staying eco without it becoming a burdenDo you wrap your sandwiches in clingfilm or tinfoil? Perhaps you’re considering getting your milk delivered in glass bottles, but can’t decide if the environmental benefit justifies the financial cost. As Scottish retailers prepare for the introduction of a deposit return scheme,
  
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• Neil Woodford's refusal to budge over fund fees is breathtaking | Nils Pratley

  02-07-2019 07:16
  Management charges will continue even though unit holders cannot access their investments
  The song remains the same from Neil Woodford. The gates will remain closed on his Equity Income Fund, meaning unit holders still can’t access their investments. But management fees will continue to be charged because Woodford’s operation still has overheads to cover.The tin ear on fees is extraordinary. The chief executive of the Financial Conduct Authority, the chair of the Treasury select comm
  
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