Financial news

• Toyota plans post-Brexit pause at Burnaston factory

  29-08-2019 19:16
  Staff at Derbyshire plant will not work on 1 November amid fears of no-deal disruptionToyota is planning to halt production at its factory in Burnaston on 1 November in anticipation of possible disruption to deliveries of parts, amid growing concern among manufacturers that the UK is heading for a no-deal Brexit on 31 October.Staff at the Derbyshire plant will not work on Friday 1 November and will return on the following Monday. The Japanese carmaker does not plan to reduce volume and staff wil
  
  Read more

• UK consumers have resisted Brexit doom and gloom – until now

  29-08-2019 19:07
  Concerns about the state of the nation may start to outweigh the public’s personal feelgood factorBritain’s consumers have largely been deaf to the warnings of impending economic disaster that have rained down thick and fast ever since the EU referendum in June 2016. The public’s appetite to spend has remained strong but one thing it won’t buy is doom and gloom.It would be surprising, though, if consumers were completely impervious to what is happening over Brexit. Survey
  
  Read more

• Pilot strikes will not affect UK flights, Ryanair tells customers

  29-08-2019 18:53
  Airline claims more than 95% of UK pilots will work next week despite industrial actionRyanair has told its customers that all of its UK flights will take off as scheduled next week, despite the three-day strike called by the pilots’ union Balpa.The airline said more than 95% of UK pilots had confirmed that they would work their rosters during the industrial action, due to take place on Monday to Wednesday, 2-4 September. Continue reading...
  
  Read more

• Shares in lender Amigo plunge as regulatory crackdown looms

  29-08-2019 18:41
  Loans specialist expects no growth after taking more ‘conservative view’ on lendingShares in the loans group Amigo plunged more than 50% after it warned growth would come to a halt due to a looming crackdown by regulators and the rising risk of an economic downturn sparked by a no-deal Brexit.Amigo specialises in guarantor loans, which use friends and family to guarantee repayments on loans to people who might otherwise struggle to borrow. The lender said it now expected no growth in
  
  Read more

• Advertisement

• Amigo shares plummet as regulatory crackdown looms

  29-08-2019 18:41
  Loans specialist expects no growth after taking more ‘conservative view’ on lendingShares in the loans group Amigo plunged more than 50% after it warned growth would come to a halt due to a looming crackdown by regulators and the rising risk of an economic downturn sparked by a no-deal Brexit.Amigo specialises in guarantor loans, which use friends and family to guarantee repayments on loans to people who might otherwise struggle to borrow. The lender said it now expected no growth in
  
  Read more

• PPI claims: consumers hit by online and phone problems as deadline looms

  29-08-2019 18:08
  Santander apologises for IT glitch and other banks report long call-waiting timesConsumers making last-minute claims for mis-sold payment protection insurance (PPI) have had to deal with crashing websites and jammed phone lines as banks struggled to cope with an 11th-hour surge in complaints.While the final deadline for making a claim is 11.59pm on Thursday 29 August, the problems prompted the Financial Conduct Authority to say that “where a firm knows that customers may have had trouble a
  
  Read more

• Political uncertainty puts London listing for Saudi Aramco in doubt

  29-08-2019 18:08
  Decision to rule out UK and Hong Kong would be major blow to both financial centres
  Saudi Arabia’s revived plans for a $2tn mega-listing of its state oil company may rule out the London Stock Exchange amid Britain’s rising political uncertainty, according to reports.Saudi Aramco, the world’s most profitable company, may instead look to Japan’s Tokyo stock exchange to host the second phase of what would be the biggest public offering in history. Continue reading...
  
  Read more

• Markets rally as China calls for calm in trade war - as it happened

  29-08-2019 17:43
  Rolling coverage of the latest economic and financial news, as Beijing promises not to hit back straight away over Trump’s latest tariffsLatest: China urges calm over trade warBeijing says it won’t immediately retaliate to latest US tariffsUK tech company’s shares tumble 4.43pm BST Finally, the FTSE 100 index of top London-listed shares has ended the day nearly 1% higher at 7184, a gain of 69 points.David Madden of CMC Markets says hopes of trade war progress, and the prospect
  
  Read more

• Advertisement

• Pound US dollar exchange rate: GBP/USD steadies as US growth slows in second-quarter

  29-08-2019 17:23 via feedproxy.google.com
  THE pound US dollar exchange rate has levelled at $1.220 in response to today’s flash US growth figure for the second-quarter. This confirmed consensus and eased from 2.1 percent to 2 percent.
  
  Read more

• Pound Euro exchange rate: GBP/EUR flat as French economy grows faster than expected

  29-08-2019 17:17 via feedproxy.google.com
  THIS morning, the pound remained muted against the euro. The pairing is currently trading at around €1.100.
  
  Read more

• Huawei's next flagship phone blocked from using Google apps

  29-08-2019 16:11
  US trade ban means Mate 30 will be launched without Google Maps and YouTubeHuawei’s new flagship smartphone will not be able to use Google apps and services because of a US trade ban.Huawei is expected to launch its 5G-capable Mate 30 line of smartphones next month, the first major phone release by the company since US trade restrictions against it were instituted. The Chinese telecoms firm has previously used Google’s Android operating system in its smartphones. Continue reading...
  
  Read more

• Premium Bonds: NS&I reveal August’s UK millionaires - could you have scooped maximum?

  29-08-2019 15:54 via feedproxy.google.com
  PREMIUM BONDS are a lottery bond which are issued to customers by the UK government’s National Savings and Investments agency. Who has been selected randomly for getting £1 million in August 2019?
  
  Read more

• Over 55s using pension to help out their children - poverty rate for UK elderly revealed

  29-08-2019 15:54 via feedproxy.google.com
  RETIREMENT is a time which many people may have saved for, however, new research suggests thousands of over 55s are using their savings, including part of their pension, to support their children. Amid the news, the poverty rates for the UK elderly has been highlighted.
  
  Read more

• Sports Direct founder Mike Ashley faces shareholder rebellion

  29-08-2019 15:21
  Directorship under fire over ‘significant operational and governance concerns’Mike Ashley faces a shareholder rebellion after the advisory firm Institutional Shareholder Services joined calls for Sports Direct investors to vote against his continuing as a director amid “significant operational and governance concerns” at the retail group.ISS said Sports Direct’s acquisition of House of Fraser had “led to concerns about the company’s viability as a whole&
  
  Read more

• Can ISAs be inherited? What happens to an ISA if your other half dies

  29-08-2019 15:00 via feedproxy.google.com
  ISA stands for Individual Savings Accounts, and they are a way of saving money tax-free - up to the maximum annual amount. Can ISAs be inherited?
  
  Read more

• PPI deadline is TODAY: 'Final chance' to claim back money - how to contact provider

  29-08-2019 14:58 via feedproxy.google.com
  PPI complaints can be submitted within the next few hours, with consumers being warned that it is their final chance to do so, as the deadline for claiming money back is today. How can a person contact a provider to complain about the way they were sold Payment Protection Insurance?
  
  Read more

• South Western Railway passengers face four days of strikes

  29-08-2019 14:30
  London Waterloo routes will be affected in dispute over role of train guardsFour days of strikes are due to bring disruption and delays for thousands of commuters on one of Britain’s busiest train services, South Western Railway.More than 40% of services on the network will not run on Friday and Monday, and only half of all scheduled trains will run at the weekend, when engineering works will also affect some services. Continue reading...
  
  Read more

• Child Benefit: Why filling in claim form could be important for your state pension payment

  29-08-2019 13:01 via feedproxy.google.com
  CHILD BENEFIT payments may be waived due to a potential tax charge, however HM Revenue and Customs warn that it is still worth filling in the form, as it could affect a person’s state pension amount.
  
  Read more

• What is Universal Credit work allowance? Amount you can earn before payment reduces

  29-08-2019 12:26 via feedproxy.google.com
  UNIVERSAL CREDIT is a form of financial support which may be claimed by those on a low income or who are out of work. What is the Universal Credit work allowance?
  
  Read more

• Business owners, there's no need to be concerned over a recession – for now | Gene Marks

  29-08-2019 12:00
  Despite all the talk about recession it might not be time for business owners to start battening down the hatches – thanks to these six indicatorsWith all of the recent talk about recession, is it time now for a business owner to start battening down the hatches, cutting overhead, delaying expansion plans and trimming investments? As in any economy, there are always conflicting signs. But according to these six indicators, my answer is: no? Related: Five things Congress may do that will af
  
  Read more

• We’re losing energy in our battle with Solarplicity

  29-08-2019 10:00
  It’s been a nightmare trying to get our money back and now it’s gone into administrationI have been experiencing a total nightmare with Solarplicity since March after quitting my contract. It owes me about £100 and I’ve called over 40 times over five months to be told I will hear within seven days. I get an automatic reply to emails saying I will hear within five days, but I never get a response.Continue reading...
  
  Read more

• State pension shortfall: Pensioners urged to seek help as analysis of £4,498 gap revealed

  29-08-2019 08:15 via feedproxy.google.com
  STATE PENSION payments can be a crucial part of some retirees’ income. The annual gap of the state pension amount and a pensioners’ average yearly spending has been demonstrated in a new analysis.
  
  Read more

• Tax relief on pension: How Boris Johnson's Income Tax plan may see some lose pension perk

  29-08-2019 08:12 via feedproxy.google.com
  TAX RELIEF on pension contributions applies to most private pension schemes. How could the system be impacted should Boris Johnson increase the higher rate Income Tax rate threshold from £50,000 to £80,000?
  
  Read more

• Catch Me If You Can fraud expert Frank Abagnale warns ‘never use a debit card online’

  29-08-2019 08:07 via feedproxy.google.com
  FRAUD can be a very worrying prospect, with many doing whatever they can to reduce the risk of falling victim to scams and hoaxes. Now, a fraud expert and ex-con artist has issued a warning about debit cards.
  
  Read more

• 'No real security': why don't houseboat residents get rights like other tenants?

  29-08-2019 08:00
  More people in the UK are opting to live on houseboats than ever before, but without the same protections as house renters – leaving them vulnerableTideway Village is just four houseboats on the Thames in Vauxhall, home to around 20 people, but with its flowering shrubs, trees and plants, and a self-watering system, it forms an appealing bankside community right in the heart of London.David Waterhouse, 67, founded it nearly 20 years ago on what was a derelict site, a dumping ground for sup
  
  Read more

• Can we trust CEOs' shock conversion to corporate benevolence?

  29-08-2019 08:00
  An apparent move by big business to maximise stakeholder value sounds too good to be trueFor four decades, the prevailing doctrine in the US has been that corporations should maximise shareholder value – meaning profits and share prices – here and now, come what may, regardless of the consequences to workers, customers, suppliers and communities. So the statement endorsing stakeholder capitalism, signed earlier this month by virtually all the members of the US Business Roundtable, ha
  
  Read more

• Why is China hiding its oil tankers from US trackers?

  29-08-2019 06:00
  Signs Beijing may be importing Iranian oil as Trump’s two biggest foreign policy headaches convergeIn early June, a Chinese-owned supertanker abruptly went dark in the Indian Ocean, the tracking system signalling its course apparently deactivated.It was not the first ship to vanish from the monitors. The deactivation of transponders that generate a unique ID issued to ships by the International Maritime Organisation (IMO) has become increasingly familiar in recent weeks to the companies th
  
  Read more

• East Midlands shows biggest slip in living standards from previous generation

  29-08-2019 01:01
  Study shows millennials in east Midlands have seen biggest shortfall in earnings growth from previous generation
  Young adults in the east Midlands have seen their living standards fall the furthest behind the previous generation when compared with their peers elsewhere in Britain, according to a study.At a time when millennials across the country are experiencing lacklustre gains in living standards compared with the generation before them, the Resolution Foundation said the region that includes
  
  Read more

Follow @financialnwsUK on Twitter!