Financial news

• US adds 130,000 jobs August, dropping below expectations

  06-09-2019 17:42
  Hiring slowed amid trade war as economists expected to add about 160,000 jobs while unemployment rate remained at 3.7%Hiring slowed in the US in August as employers added a lackluster 130,00 new jobs, strengthening arguments that Donald Trump’s trade wars are beginning to hit the US economy.Economists had expected the US to add about 160,000 new jobs over the month. While the labor department announced the unemployment rate remained at 3.7%, a near 50-year low, the pace of hiring slowed ma
  
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• Let’s move to Ormeau, Belfast: catch it before the gentrifiers do

  06-09-2019 17:30
  Ormeau is extraordinary for its ordinariness, and well located for Belfast’s big drawsWhat’s going for it? You can tell Ormeau Road has changed when a “locally sourced” ramen restaurant opens, selling handmade noodles and a Belfast-by-way-of-Hokkaido flavour fusion. Delicious. Love a ramen, me. And more power to it.But still. Ormeau is at the early, innocent stages of gentrification, which means nu-ramen bars and coffee can peacefully coexist with credit unions, Oxfams an
  
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• Pound US dollar exchange rate: GBP/USD sinks as parliament suspension deemed legal

  06-09-2019 16:54 via feedproxy.google.com
  THE pound US dollar exchange rate fell by around $1.229 today as the British high court ruled that Prime Minister Boris Johnson’s five week suspension of parliament was entirely legal.
  
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• Labour warns UK banks: trim bankers' bonuses or we will

  06-09-2019 16:42
  Shadow chancellor John McDonnell says crackdown on excessive payouts will be one of his first actsBankers’ bonuses could be banned in Britain in order to tackle high levels of inequality across the country, John McDonnell has said.The shadow chancellor warned the City of London that a culture of excessive bonus payouts remained a decade on from the financial crisis and said Labour would introduce rules to curtail such awards – including a potential ban – if banks did not take v
  
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• Pound Euro exchange rate: GBP/EUR falls despite German “nightmare” recession fears

  06-09-2019 16:38 via feedproxy.google.com
  THIS afternoon, the pound slumped against the euro with the pair currently trading at around €1.114.
  
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• When does Inheritance Tax become payable? How much Inheritance Tax could be due?

  06-09-2019 16:16 via feedproxy.google.com
  INHERITANCE TAX may be required to be paid to HM Revenue and Customs . When does Inheritance Tax become payable?
  
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• What do Premium Bonds cost? How likely are you to win a £1 million prize?

  06-09-2019 16:16 via feedproxy.google.com
  NS&I Premium Bonds are a type of savings account which a person can put money into, and take out when they want. Rather than earning interest, savers' bonds are entered into a monthly prize draw. What do Premium Bonds cost?
  
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• Online banking warning: Ex scam artist on simple way criminals could get your bank details

  06-09-2019 16:16 via feedproxy.google.com
  SCAMS can be a worrying prospect, both on the internet and offline. Now, a reformed scam artist has issued a warning about a way in which some people could see their bank details end up in the wrong hands.
  
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• Will Universal Credit pay my mortgage? Help available if you’re struggling to pay interest

  06-09-2019 16:15 via feedproxy.google.com
  UNIVERSAL CREDIT is a payment which may be made in order to help with one’s living costs. Will Universal Credit pay mortgage costs? There may be help available if one is struggling to pay the interest on this kind of loan.
  
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• State pension age change comes into effect today - when is the next increase in age due?

  06-09-2019 16:14 via feedproxy.google.com
  STATE PENSION age is rising, with today being a notable day for some people as they reached state pension age. When is the next increase scheduled for?
  
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• Help to buy ISA vs Lifetime ISA - which can help you to amass biggest government bonus?

  06-09-2019 16:14 via feedproxy.google.com
  HELP TO BUY ISAs and Lifetime ISAs are ways of saving for the future, and can be an option which some people who want to get on the housing ladder look into. Which account could see prospective buyers to get the biggest cash bonus from the government?
  
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• Phosphate fertiliser 'crisis' threatens world food supply

  06-09-2019 15:00
  Use of essential rock phosphate has soared, but scientists fear it could run out within a few decadesThe world faces an “imminent crisis” in the supply of phosphate, a critical fertiliser that underpins the world’s food supply, scientists have warned.Phosphate is an essential mineral for all life on Earth and is added to farmers’ fields in huge quantities. But rock phosphate is a finite resource and the biggest supplies are mined in politically unstable places, posing ris
  
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• Property market resilient despite Brexit uncertainty, says Halifax

  06-09-2019 14:53
  Average house prices rise for second month in row but recent political upheaval may dent optimism
  House prices edged ahead in August according to Halifax, with the property market showing a “degree of resilience” despite intense political uncertainty.Halifax said average prices rose by 0.3% month-on-month, taking the annual rate of house price inflation to 1.8%. It was the second month of rising prices after four months in which they had been either flat or falling. Continue reading.
  
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• US states to launch antitrust and privacy inquiries into Facebook and Google

  06-09-2019 14:46
  New York state attorney general said bipartisan coalition investigating if Facebook stifled competition and put users at riskDozens of US states are set to launch antitrust and privacy investigations into Facebook and Google as scrutiny of the big tech firms increases in the US.The investigation into Alphabet’s Google unit will examine the search giant’s effect on the digital advertising market and its impact on consumers. In a separate but overlapping investigation the states’
  
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• Philip Green's retail empire faces uncertain future without new funds

  06-09-2019 14:22
  Taveta Investments reports £177m loss and warns no-deal Brexit could hamper three-year rescue planSir Philip Green’s retail empire is facing “material uncertainty” about its ability to continue trading without new funds, after slumping to a £177.3m loss last year.Taveta Investments, the owner of Arcadia Group, parent of high street brands such as Topshop, Miss Selfridge, Wallis and Evans, said difficulties refinancing a £310m loan on Topshop’s Oxford Str
  
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• Why are British Airways pilots going on strike for the first time?

  06-09-2019 13:59
  Reasons cited include pay dispute, cost-cutting policies and loss of confidence in managementWhat has gone so wrong that British Airways pilots earning six-figure salaries are angry enough to strike? On Monday and Tuesday, the majority of BA’s 4,300 pilots based at Heathrow and Gatwick will down tools for the first pilot strike in the airline’s history. BA would usually operate almost 800 flights a day carrying 145,000 passengers, most of which would have now been cancelled or rebook
  
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• JD Wetherspoon pledges cheaper booze as a post-Brexit tonic

  06-09-2019 13:38
  Pub chain reduces price of UK-made beer and vows further cuts on lager, wine and cider … if import tariffs fallJD Wetherspoon’s boss, Tim Martin, has pledged to slash the price of lagers, spirits, wine and cider if the UK leaves the EU, after shaving 20p off a pint of ale to illustrate the Brexit benefits he expects for drinkers.Martin has been one of the most vociferously pro-Brexit figures in the world of business, repeatedly insisting that leaving the European Union, even without
  
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• TripAdvisor is failing to stop fake hotel reviews, says Which?

  06-09-2019 13:03
  Analysis of 250,000 reviews for top-rated hotels finds one in seven with ‘hallmarks’ of fakesThe travel website TripAdvisor is failing to stop fake reviews boosting the rankings of top-rated hotels, Which? has claimed.The consumer organisation analysed almost 250,000 reviews for the 10 top-ranked hotels in 10 popular tourist destinations around the world, finding one in seven had “blatant hallmarks” of fake reviews. Continue reading...
  
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• Netflix and Amazon double their spending on UK-made TV shows

  06-09-2019 13:00
  US tech giants’ £280m outlay drives British production sector to record high in 2018Netflix and Amazon almost doubled the amount spent on British-made TV shows last year to £280m as making big-budget shows such as The Crown and Good Omens drove the UK production sector to a record high.The filming spree helped drive the sector to more than £3bn in annual revenues for the first time, according to Pact, the body that represents UK independent TV production companies. Contin
  
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• Are bank loans ever a good idea for students?

  06-09-2019 12:48 via theguardian.com
  There are normally cheaper, more manageable ways of finding new fundsYou may have seen loans advertised by banks and debt firms for students to help pay their tuition fees or living costs. There are a couple of reasons why students might consider it: either you’re not eligible for student finance, or you’ve run out of money.Commercial loans from banks or specialist lenders can sometimes be a viable choice – only you can decide this based on your circumstances. That said, loans
  
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• Milk delivery firm puts up price by 4p a pint for offline customers

  06-09-2019 12:27
  Milk & More encourages people to switch to online accounts to save on administration costsAn “eco-friendly” delivery company that pledged to revive the traditional “Great British milkman” has raised the price of fresh milk by 4p a pint – but only for customers who don’t want to switch their accounts online.In a drive to modernise the business and move towards a cashless system, Milk & More says it wants to incentivise customers to switch their accounts
  
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• Apple boss hints at developing a cryptocurrency to rival Facebook’s Libra

  06-09-2019 12:26 via feedproxy.google.com
  US tech giant Apple has dropped its biggest hint yet that it may launch a cryptocurrency next year. Amid the hype of Facebook’s Libra crypto project, many of the world’s leading technology companies retreated to the shadows earlier this year, perhaps to rethink their own token plans in the face of such colossal competition.
  
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• HSBC mortgage change could help zero hours contract workers get on housing ladder 

  06-09-2019 09:29 via feedproxy.google.com
  Workers on zero hours contracts will find it easier to get onto or move up the property ladder in future, says HSBC UK which is tweaking interest rates on its mortgage range with cuts of up to 0.35 percent. Following a review of the documents required to support mortgage and remortgage applications and feedback from mortgage brokers and customers, the bank is relaxing certain conditions.
  
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• The hard lessons I learned when broke and homeless are helping my charity work | Yasmin Drakes

  06-09-2019 08:23 via theguardian.com
  As a young trustee for a charity, I’m helping other young people combat a lack of knowledge about moneyGuardian Jobs: see the latest charity vacanciesGrowing up I had a turbulent relationship with money. At 18, I left for university and rebranded myself with clothes, the latest tech and other must-haves.I found it impossible to make the money from my part-time job stretch until the next payment. I didn’t understand how to budget, used spending as a “pick-me-up” and soon f
  
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• David Clulow illegally used a premium-rate number

  06-09-2019 08:00
  I told the optician and its parent company but I was ignoredAfter an unsatisfactory experience with David Clulow Opticians, I discovered it uses a premium-rate phone number for its customer service, costing about 67p a minute. Moreover, its website fails to display call charge information alongside the number, which is a breach of Ofcom regulations. Continue reading...
  
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• Award-winning homes for sale – in pictures

  06-09-2019 08:00
  From urban architecture to coastal conversions, these five properties have all won prizes Continue reading...
  
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• BorderlessLive debut opens up new influencer directions for travel industry

  06-09-2019 01:01 via feedproxy.google.com
  BorderlessLive, a new style show for the travel trade bringing together influencers, bloggers, content creators and brands for future marketing collaborations, launches in London this weekend.
  
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