Financial news

• Pound US dollar (GBP/USD) exchange rate steady as US manufacturing suffers in October

  01-11-2019 19:27 via feedproxy.google.com
  The pound US dollar exchange rate held steady today, with the pairing currently trading around $1.295 after October’s US ISM Manufacturing PMI fell below forecasts and remained mired in contraction territory at 48.3. Trade tensions and a slowing global economy are being blamed for the slowdown in American factory output.
  
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• Pound Euro (GBP/EUR) exchange rate muted as Farage’s Brexit Party demand PM abandon deal

  01-11-2019 19:09 via feedproxy.google.com
  The pound was left flat against the euro this afternoon, with the pairing currently trading around €1.159 as Brexit party leader, Nigel Farage presented the Prime Minister with an ultimatum. Sterling was left flat as Mr Farage surprised political analysts by denouncing Boris Johnson’s EU-endorsed deal and announcing his party will fight the Conservatives for every seat if the deal is not abandoned.
  
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• Labour’s 4-day week plan would ‘wreck’ UK economy and ‘turn back the clock’, warn experts

  01-11-2019 18:38 via feedproxy.google.com
  THE LABOUR PARTY’s proposed plans to shorten the work week to four days only would be devastating for small businesses, a tax expert told Express.co.uk.
  
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• Let’s move to Walton-on-the-Naze, Essex: it has seen off the sea for centuries

  01-11-2019 17:30
  The waves, I should add, do not need encouragement. The soft marshy sludge and crumbly fudge of the land is disappearingWhat’s going for it? The Naze, since you’re asking, is the promontory or “ness” of land, colonised by seals and barely above sea level, curled come-hither into the North Sea like a finger beckoning the waves. The waves, I should add, do not need encouragement. The soft marshy sludge and crumbly fudge of the land round here is fast disappearing, with bung
  
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• Whirlpool condemned for 'silencing customers' over tumble-dryer fires

  01-11-2019 11:29
  MPs hit out at ‘disgraceful tactics’ and up to 800,000 faulty dryers could still be in homesWhirlpool has been slammed by MPs for using “disgraceful” tactics to “silence” customers who had been victims of fires caused by faulty tumble dryers.The cross-party Business, Energy and Industrial Strategy committee (BEIS) said the company’s use of non-disclosure agreements in at least 24 cases was “chilling”. Continue reading...
  
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• Homes for sale in old mills – in pictures

  01-11-2019 08:21
  Escape the daily grind with these former working properties, from Devon to North Yorkshire Continue reading...
  
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• Tesco Clubcard Plus: is the new £8-a-month deal worth it?

  01-11-2019 08:00
  The supermarket’s loyalty scheme offers up to £40 off a big shop – but you have to pay a feeIt feels a like a return to the 1980s. Tesco is to launch a new Clubcard squarely aimed at getting big-spending householders back into its stores at least twice a month – with the promise of a 10% discount.From 8 November, the chain will start signing up customers to its new Clubcard Plus programme. Agree to pay its £7.99 monthly fee, and you’ll be rewarded with the 10%
  
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• Premium bonds go on sale for the first time – archive, 1 November 1956

  01-11-2019 06:00
  1 November 1956: Fifty million of the savings bonds are expected to be sold before the end of the monthPremium bonds will be on sale in the post offices to-day. They cost £1 each, and Lord Mackintosh, the chairman of the National Savings Committee expects to sell fifty million of them before the end of the month. He held a press conference in London yesterday to celebrate the launching of this new form of savings.The movement, he said, had been asking the Treasury for years for something n
  
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• MPs urge compulsory refunds for victims of bank transfer fraud

  01-11-2019 01:01
  Report also favours backdating reimbursals and a pause before money is paid to new recipientsFinancial companies should be required by law to refund victims of bank transfer scams, and should consider reimbursing the many thousands defrauded since 2016, according to a report from MPs.They also said retailers and other companies that suffer data breaches that lead to fraud should be forced to pick up the bill for the costs of reimbursing customers and issuing new bank cards. Continue reading...
  
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