Financial news

• Fit and ready UK firms shine on Rugby World Cup stage 

  07-10-2019 20:34 via feedproxy.google.com
  British firms are scoring strongly at the Rugby World Cup in Japan with equipment and hospitality packages leading the charge. Suffolk manufacturer Harrod Sport has supplied its rugby posts to all 12 stadiums and training grounds for championship matches across the country.
  
  Read more

• Jukebox supremo’s GameStation Move to entertain kids in hospital and care home elderly   

  07-10-2019 20:10 via feedproxy.google.com
  A new mobile entertainment system, created by British classic jukebox maker Sound Leisure group, is set to be a lifeline for sick children in hospital and those in care homes burdened by boredom and isolation.
  
  Read more

• Pound Euro exchange rate: GBP/EUR left flat as German economy in ‘midst of a recession’

  07-10-2019 19:35 via feedproxy.google.com
  This afternoon, the pound remains muted against the euro, with the pairing currently trading at around €1.121. The single currency was left flat against the pound today on further signs that the bloc’s largest economy is falling into a technical recession.
  
  Read more

• Now is the time for the government to increase the supply of homes | Larry Elliott

  07-10-2019 19:03 via theguardian.com
  A cut in stamp duty may be politically expedient for Sajid Javid, but it would be a big mistakeFor anybody who has their home on the market, the news from the Halifax that property prices fell in September would not have come as an earth-shattering surprise. Perhaps more of a shock is that the UK’s biggest mortgage lender is still reporting that prices are up on the year, albeit modestly. It certainly doesn’t feel that way.The last time house-price inflation was as low as 1.1% was in
  
  Read more

• Advertisement

• Pound US dollar exchange rate steady as Boris given just days to revise Brexit proposal

  07-10-2019 18:59 via feedproxy.google.com
  The pound US dollar exchange rate held steady today, with the pairing currently trading around $1.232 as French President Emmanuel Macron’s demanded Prime Minister Boris Johnson revise his Brexit proposal by the end of the week.
  
  Read more

• PayPal SNUBS Facebook’s Libra cryptocurrency

  07-10-2019 18:42 via feedproxy.google.com
  PAYPAL has left a Facebook group developing the social network’s Libra cryptocurrency. The e-payments firm was a founding member of the Libra Association – a group of 28 companies and other organisations including Visa, Vodafone, eBay, and Uber.
  
  Read more

• Pizza Express lining up for painful debt restructuring

  07-10-2019 16:31 via theguardian.com
  Lenders expected to be bruised while fears for chain’s immediate health played downPizza Express appears destined for a debt restructuring that could bruise its lenders, as sources with knowledge of the situation played down concerns it was in serious financial difficulty.The pizza chain is reportedly in early talks to refinance two tranches of borrowing worth a combined £665m, part of a debt pile that had reached £1.1bn by the end of December 2018. Continue reading...
  
  Read more

• Super-rich renting London homes for £5,000-plus a week amid Brexit worries

  07-10-2019 16:03 via theguardian.com
  Weak pound means overseas tenants able to increase budgets, says Knight FrankMounting uncertainty around Brexit and the global economy has prompted growing numbers of super-rich people to rent rather than buy in London, with demand for lettings at £5,000-plus a week hitting a seven-year high. Knight Frank, the upmarket estate agent, recorded 40 lettings for super-prime properties between April and June, up from 33 a year earlier and the highest second-quarter figure for more than seven yea
  
  Read more

• Advertisement

• Junior ISA eligibility: How opening a JISA is affected by having a Child Trust Fund

  07-10-2019 15:46 via feedproxy.google.com
  JUNIOR ISA stands for Junior Individuals Savings Account. These types of ISAs can be opened for a child - however there are some children who may not be able to have one due due to having a different account. What are the eligibility rules?
  
  Read more

• Website set up to refund Thomas Cook customers under strain

  07-10-2019 15:13 via theguardian.com
  ‘Unprecedented demand’ for CAA service leaves customers angry and frustratedA refunds website set up for Thomas Cook customers with future holiday bookings struggled to cope with the “unprecedented demand” as the final repatriation flight touched down in the UK.What was described as the largest-ever refunds programme of its kind was launched by the UK’s Civil Aviation Authority on Monday – but many customers were initially left angry and frustrated after recei
  
  Read more

• Inheritance Tax ‘particularly unpopular’: Minister attacks 'fundamental unfairness' of tax

  07-10-2019 13:56 via feedproxy.google.com
  INHERITANCE TAX has been called “particularly unpopular” by Communities Secretary Robert Jenrick, making him the second Cabinet minister in a week to speak out against the tax.
  
  Read more

• HSBC plans to cut 10,000 more jobs worldwide, says report

  07-10-2019 13:42 via theguardian.com
  Bank forced to shed jobs due to low interest rates, Brexit and global tariff warsHSBC plans to lay off up to 10,000 staff as it embarks on a fresh cost-cutting drive just months after ousting its chief executive.The cuts would mostly affect high-paid roles and shrink the global workforce by 4%, the Financial Times reported (£). It comes as the UK-based bank grapples with falling interest rates, Brexit and global tariff wars. HSBC declined to comment. Continue reading...
  
  Read more

• Universal Credit & Pension Credit claimants could get £25 per week when weather turns cold

  07-10-2019 13:09 via feedproxy.google.com
  UNIVERSAL CREDIT and Pension Credit recipients could be entitled to a payment of £25 per week under the Cold Weather Payments, if temperatures drop for a certain period of time this winter.
  
  Read more

• Corporate tax avoidance: it's no longer enough to take half measures

  07-10-2019 11:51 via theguardian.com
  Multinationals’ failure to pay is hitting governments’ ability to fight the climate crisis and inequalityGlobalisation has gotten a bad rap in recent years, and often for good reason. But some critics, not least Donald Trump, place the blame in the wrong place, conjuring up a false image in which Europe, China, and developing countries have snookered America’s trade negotiators into bad deals, leading to Americans’ current woes. It’s an absurd claim: after all, it w
  
  Read more

• PayPal pulls out of Facebook's Libra cryptocurrency

  07-10-2019 11:45 via theguardian.com
  Payments company becomes first to withdraw from controversial digital projectPayPal has become the first company to drop out of Facebook’s Libra cryptocurrency, as the embattled project continues to face queries from regulators around the world.Libra is technically an association backed by 28 – now 27 – multinational companies and nonprofits, although Facebook takes the lead, and a Facebook subsidiary, Calibra, is intended to be the main way consumers will interact with the pro
  
  Read more

• UK house price growth at slowest rate in six years, says Halifax

  07-10-2019 11:33
  Lender expects housebuying and price growth to remain subdued amid Brexit uncertaintyAnnual house price growth in the UK has slowed to the lowest pace in six years, according to Halifax, one of the country’s biggest mortgage lenders.The average price of a house was £232,574 in September, down 0.4% from in August – the first monthly fall since May, Halifax said. Prices rose 1.1% year on year, marking the smallest annual gain since April 2013. Continue reading...
  
  Read more

• Retirement and me: 'Where is the justice?' Meet the WASPI woman campaigning on wedding day

  07-10-2019 10:49 via feedproxy.google.com
  RETIREMENT AND ME is the exclusive weekly series by Express.co.uk, which looks at how people are spending their time and money after retiring from full-time work. This week, a WASPI campaigner revealed why she included the campaign on her wedding day.
  
  Read more

• Volvo sent me a £10,000 repair bill for a three-year-old car

  07-10-2019 08:00 via theguardian.com
  The firm at first told me it would pay to fix with my V60 – but it then said I should ask the dealerMy three-year-old Volvo V60 recently broke down on a journey from Scotland back to London. The Volvo dealer in Edinburgh, to which it was towed, diagnosed a snapped timing chain and advised that the car needed a new engine, at a cost of £9,000 plus labour.As the three-year warranty had expired just two months previously and there was a full Volvo dealer service record, the garage infor
  
  Read more

• I'm thinking about getting married – will I get hit with more tax?

  07-10-2019 08:00 via theguardian.com
  I was told if I sell my property I might be liable for stamp duty and capital gains taxQ My long-term partner and I are thinking about getting married, mainly as we are worried that if one of us dies suddenly, the other will face an inheritance tax bill as what we would leave to the other would exceed the inheritance tax threshold of £325,000. This seems a no-brainer as I own a property worth £400,000 with no mortgage as does my partner. We live separately and each property is in our
  
  Read more

• 'A deadly problem': should we ban SUVs from our cities?

  07-10-2019 08:00
  Statistically less safe than regular cars and with higher CO2 emissions, campaigners argue the heavily-marketed cars have no place in urban areas“SUV insanity” shouted the front page of German business newspaper Handelsblatt earlier this month, showcasing a weekend special questioning the aggressive marketing by carmakers of highly profitable 4x4 vehicles.That evening, at a busy Berlin intersection, the driver of a Porsche Macan SUV lost control of his vehicle and mounted the pavemen
  
  Read more

• Unilever pledges to halve use of new plastics

  07-10-2019 07:01 via theguardian.com
  Consumer goods giant to push reusable packs, refills and alternative materials and halve usage by 2025Unilever is to slash it use of virgin plastic by creating greener versions of its household products, a shift that could make shampoo refill stations, cardboard deodorant sticks and toothpaste tablets the norm at the supermarket.The consumer goods giant, which owns more than 400 brands including Dove, Comfort and Sure, currently uses 700,000 tonnes of plastic each year and has pledged to halve t
  
  Read more

• UK universities in landmark deal to buy energy direct from windfarms

  07-10-2019 07:01 via theguardian.com
  Twenty institutions including Newcastle and Exeter club together in 10-year deal worth £50mTwenty of the UK’s leading universities have struck a £50m deal to buy renewable energy directly from British windfarms for the first time.The collaborative clean energy deal will supply electricity from wind farms across Scotland and Wales to universities including Newcastle University, University of Exeter and Aberystwyth University. Continue reading...
  
  Read more

• IMF accused of 'reckless lending' to debt-troubled states

  07-10-2019 07:01 via theguardian.com
  Jubilee Debt Campaign says the Fund broke its own rules by not ensuring sustainable debt burdenDebt campaigners have accused the International Monetary Fund of encouraging reckless lending by extending $93bn (£75bn) of loans to 18 financially troubled countries without a debt restructuring programme first.In advance of the IMF’s annual meeting in Washington next week, the Jubilee Debt Campaign (JDC) said the the Fund was breaking its own rules by providing financial support without e
  
  Read more

Follow @financialnwsUK on Twitter!