Financial news

• Aviation's flight towards low emissions only fuels the crisis

  19-09-2019 22:31 via theguardian.com
  As aviation hurtles towards electric planes, a zero-emission plane looks far offAs a report claims that airlines are struggling to control their contribution to the climate crisis, the question grows more urgent for aviation: does it have a greener future, and will a zero-emission plane ever fly?Executives hope a combination of sustainable fuels, offsetting and improving flight paths can play a part in reducing aviation’s footprint until, if ever, carbon-free flying becomes a viable techno
  
  Read more

• Airbnb announces it will go public next year after WeWork delays IPO

  19-09-2019 21:48 via theguardian.com
  Rental service, which has about 150 million users in more than 65,000 cities, was last valued at $31bn in September 2017Airbnb, the home-sharing rental business, is to go public “during 2020”, the company said in a brief statement on Thursday.The service, which claims 7m Airbnb listings in over 100,000 cities and 8.2 million guest arrivals in the year to July, was last valued at $31bn in September 2017. Continue reading...
  
  Read more

• Ryanair's defence of O'Leary's €99m bonus target doesn't wash | Nils Pratley

  19-09-2019 20:59 via theguardian.com
  The airline’s boss will win a colossal jackpot merely for getting the share price to roughly what it was in 2017How sweet. Ryanair’s board will “consult” with shareholders, even the 49.5% who protested about Michael O’Leary’s potential €99m (£88m) jackpot, and will report back on how it will “adapt its decision-making to reflect their advice and input”.Let’s take a guess, though. Ryanair’s contribution may run like this: a ma
  
  Read more

• One in three British rail services run late under tightened standards

  19-09-2019 20:33 via theguardian.com
  Hull Trains has worst and c2c the best record under new measurements, data showsMore than a third of British rail services failed to reach stations on time over the past year, according to new performance measurements.Under the toughened standards, trains are considered punctual if they arrive within a minute of the timetable, rather than the previous limit of up to 10 minutes. Under the changed regime, just 64.7% of services were on time in the 12 months to the end of June, a figure the rail pa
  
  Read more

• Advertisement

• Thomas Cook races to raise extra £200m to secure rescue deal

  19-09-2019 20:29 via theguardian.com
  Lenders demand travel firm obtains funds before crucial meeting next FridayThe future of Thomas Cook is hanging in the balance as the travel company scrambles to raise an additional £200m to secure an emergency rescue deal.Britain’s oldest package-holiday firm must secure the funds before a crucial meeting next Friday after a last-minute demand from its lenders, which include about 10 banks led by RBS, Barclays and Lloyds. Continue reading...
  
  Read more

• Next blames warm weather for slow sales as shares plummet

  19-09-2019 19:19 via theguardian.com
  High street retailer’s CEO says Brexit is not the cause of downbeat trading pictureNext said the recent warm weather had resulted in disappointing sales of its new autumn clothing ranges as the latest official data showed falling high street sales.The retailer was the biggest faller on the FTSE 100 on Thursday after its chief executive, Simon Wolfson, painted a downbeat picture of trading. The Conservative peer said the malaise was due to the weather rather than Brexit woes as demand had b
  
  Read more

• JD Sports' Footasylum takeover could be bad for shoppers, says CMA

  19-09-2019 19:16 via theguardian.com
  Watchdog says it will carry out investigation if concerns over £90m deal are not addressedThe UK’s competition watchdog has said JD Sports’ £90m deal to buy its smaller rival Footasylum could result in higher prices and that it will carry out an investigation unless JD can address its concerns.The Competition and Markets Authority (CMA) said its initial investigation found the deal could result in a “substantial lessening of competition”. Continue reading...
  
  Read more

• Interest rate cut more likely due to Brexit uncertainty, says Bank

  19-09-2019 14:55 via theguardian.com
  Bank of England leaves rates on hold but signals that could change in near future Brexit uncertainty and the slowdown in global growth has weakened the economy and made an interest rate cut more likely, the Bank of England has said.The central bank said interest rates would remain at 0.75% after a unanimous vote of the monetary policy committee (MPC) on Thursday, but it signalled that further Brexit uncertainty amid a US-China tariff war could warrant a rate cut in the near future. Continue read
  
  Read more

• Advertisement

• Let's follow California's lead and regulate companies like Uber | Veena Dubal

  19-09-2019 12:00 via theguardian.com
  The ‘gig economy’ is terrible for workers. We must tackle the problem head-on
  This week, California’s governor, Gavin Newsom – a darling of tech capitalists – signed Assembly Bill 5 (AB5) into law. The bill codifies the “ABC test” to determine the applicability of California employment laws and makes it harder for companies to get away with misclassifying workers as independent contractors. If properly enforced, AB5 will have enormous impacts for vulnera
  
  Read more

• No-deal Brexit will cut 3% off UK economic growth, says OECD

  19-09-2019 11:00 via theguardian.com
  Group forecasts 2020 recession just as global economy starts downward trend A no-deal Brexit will slice almost 3% from the UK economic growth over the next three years compared with just 0.6% from the rest of the EU, according to the latest health check of the global economy by the Organisation for Economic Co-operation and Development.Amid concerns that all developed countries will experience slower growth next year, the Paris-based club for the world’s 35 richest states warned that the U
  
  Read more

• State pension age changes for women: WASPI 'encouraged' as Lib Dems pledge support

  19-09-2019 09:34 via feedproxy.google.com
  STATE PENSION age changes for women was addressed at the Liberal Democrats’ 2019 Autumn Conference in Bournemouth, as the party pledged support for the women born in the 1950s who were affected by the changes.
  
  Read more

• Universal Credit: Some claimants can get free NHS dental care - are you eligible?

  19-09-2019 09:10 via feedproxy.google.com
  UNIVERSAL CREDIT is a payment which may be made in order to help with a person’s living costs. Some recipients may be eligible to free NHS dental care.
  
  Read more

• Are Premium Bonds exempt from Inheritance Tax? What to be aware of if loved one dies

  19-09-2019 09:01 via feedproxy.google.com
  PREMIUM BONDS may seem like a good idea for some people, with each Bond number costing £1 and offering holders the chance of winning tax-free cash. Are Premium Bonds exempt from Inheritance Tax?
  
  Read more

• Universal Credit changes happening next month - what's changing & how may it affect you?

  19-09-2019 08:26 via feedproxy.google.com
  UNIVERSAL CREDIT changes are coming into force in October, following an announcement by the Department for Work and Pensions last week. What are the changes to Universal Credit Childcare support, and how may it affect Universal Credit recipients?
  
  Read more

• Tesco fails in accident management over my car insurance claim

  19-09-2019 08:00 via theguardian.com
  It’s been very difficult after it dropped a cage from a lorry on the back of my vehicleBack in May, a Tesco lorry dropped a steel cage on my car while delivering to a Metro store. The back of my car was smashed and the interior covered in glass. If anyone had been inside they could have been killed.Tesco has been very difficult to deal with. On the advice of the store manager, I called my insurance company, which organised a repair that took two weeks. During this time my insurer and I tri
  
  Read more

• For the sake of life on Earth, we must put a limit on wealth | George Monbiot

  19-09-2019 07:00 via theguardian.com
  It’s not just the megarich: increased spending power leads us all to inflict environmental damage. It’s time for a radical planIt is not quite true that behind every great fortune lies a great crime. Musicians and novelists, for example, can become extremely rich by giving other people pleasure. But it does appear to be universally true that in front of every great fortune lies a great crime. Immense wealth translates automatically into immense environmental impacts, regardless of th
  
  Read more

• Credit card spending overtakes cash for first time

  19-09-2019 01:01 via theguardian.com
  Data from UK retailers suggests total card spending accounts for about 80% of salesCredit card spending has overtaken cash for the first time, according to data from UK retailers. This means notes and coins have been demoted to the third most popular method of payment.The figures from the British Retail Consortium (BRC) – whose members are responsible for £180bn of sales – come amid warnings that millions of adults would struggle to cope in a cashless society. Continue reading.
  
  Read more

Follow @financialnwsUK on Twitter!