Financial news

• Royal Mail loses appeal over £50m fine for breaking competition law

  12-11-2019 17:53
  
  Ofcom fined company for ‘deliberate strategy of pricing discrimination’ against WhistlRoyal Mail has lost an appeal against a £50m fine from media regulator Ofcom for anti-competitive behaviour against its largest competitor, the parcels business Whistl.Confirmation of the fine came on the day that Royal Mail went to the high court in a legal bid to prevent strikes by postal workers in the run-up to Christmas. A verdict is expected on Wednesday. Continue reading...
  
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• Twenty Poond notes: investigation after ATM dispenses toy money

  12-11-2019 17:52
  
  Two banknotes dealt out in Lancaster also stated ‘this note is play money’ and NOT FOR USEThe Yorkshire building society is to investigate how two fake £20 notes were issued by a cash machine outside its Lancaster branch.The investigation was prompted after the Guardian’s media editor, Jim Waterson, and a friend tried to use the cash to pay for breakfast in a London cafe last weekend. The waiter refused to accept the notes – which bear the words “Twenty Poond&
  
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• Pound euro exchange rate: GBP/EUR muted as UK labour market slows ahead of election

  12-11-2019 17:42 via feedproxy.google.com
  
  THE pound was left flat against the euro as data showed signs the UK labour market was cooling, leaving the pairing trading around €1.164.
  
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• Pound US dollar exchange rate: GBP/USD steady, UK employment eases in September

  12-11-2019 17:25 via feedproxy.google.com
  
  THE pound US dollar exchange rate is holding steady today, with the pairing trading around $1.283 after UK employment fell by 58,000 in the three months to September.
  
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• Scam warning: Action Fraud reveals worrying way fraudsters could con victims twice

  12-11-2019 16:07 via feedproxy.google.com
  
  SCAMMERS can be very convincing, and the impact of their activity can have a devastating impact on the victims they target. This month, Action Fraud has issued a warning about how fraudsters can sometimes scam those affected for a second time.
  
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• Can Universal Credit be paid straight to a landlord? When payment method can be changed

  12-11-2019 16:07 via feedproxy.google.com
  
  UNIVERSAL CREDIT is paid monthly following the first payment being made, although the rules can differ in Scotland and Northern Ireland. Can Universal Credit be paid straight to a landlord?
  
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• Retirement UK: Low income retired homeowners 'most likely to miss out on state help'

  12-11-2019 16:06 via feedproxy.google.com
  
  RETIREMENT is a time which many people will fund via forms of income such as the state pension and/or a private pension, in addition to other state benefits which may be available. However, a new analysis has found that retired households with the lowest incomes are receiving the least state support.
  
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• Inheritance Tax: How paying into child's pension could reduce bill & be grossed up by £720

  12-11-2019 13:12 via feedproxy.google.com
  
  INHERITANCE TAX is a tax on the estate of a person who has died, and above the threshold, it is usually charged at the standard rate of 40 percent. Can paying into a pension have an impact on an Inheritance Tax bill?
  
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• Products from Israeli settlements must be labelled, EU court rules

  12-11-2019 12:51
  
  European court of justice says origin must be identified in decision likely to anger Israel The European Union’s top court has ruled that EU countries must identify products made in Israeli settlements on their labels, in a decision welcomed by rights groups but likely to spark anger in Israel.The European court of justice said: “Foodstuffs originating in the territories occupied by the state of Israel must bear the indication of their territory of origin.” Continue reading...
  
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• Trump 'to delay EU car tariffs'; UK unemployment data looms – business live

  12-11-2019 09:16 via theguardian.com
  
  Rolling coverage of the latest economic and financial news, including the latest UK jobs report 8.12am GMT Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.That would avoid a new bruising dispute with one of the United States’ biggest trading partners, just as Trump is trying to put out another trade fire by striking an initial deal with China. But it would also set the stage for Trump to revisit the controversial trad
  
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• We’re bugged by a hotel chain’s response to our complaint

  12-11-2019 08:00 via theguardian.com
  
  It offered budget deals but my daughter got more than she bargained forIn August my daughter and a friend stayed at an OYO hotel in Belgravia. On the second day they noticed bites and saw little bugs on the floor, wall and on their pillow, which appeared to be bed bugs. They went to the front desk to notify them and get a different room. The staff member said they couldn’t do anything and gave them a clean set of sheets. My daughter said the sheets would not change the issue as the bugs we
  
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• Revolution of rising expectations could hit China's economy | Barry Eichengreen

  12-11-2019 08:00 via theguardian.com
  
  Is the regime at risk of the kind of protests seen in Hong Kong, France and Chile?For more than a decade, China has accounted for a quarter or more of global economic growth. With its economy currently navigating a rough patch, the question is whether this impressive performance will persist.Cassandras pointing to the possibility of a Chinese growth slowdown regularly invoke the spectre of a middle-income trap. Now that China is no longer poor, they warn, growth rates will fall, just as they hav
  
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• Boeing 737 Max jets could fly again by January with safety checks under way

  12-11-2019 04:38 via theguardian.com
  
  World’s biggest planemaker hopes aviation authorities will soon approve plane’s flight control softwareBoeing said on Monday it could have its fleet of 737 Max jets flying again by January as safety checks on the aircraft’s troubled flight software reach completion. The planes were grounded in March in the wake of two fatal crashes in the space of five months that killed 346 people.The world’s biggest planemaker said it hoped the Federal Aviation Administration would appr
  
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• Sainsbury’s Christmas ad offers new twist on Dickensian London

  12-11-2019 01:01 via theguardian.com
  
  TV campaign tells story based around the first Sainsbury’s store, which opened in 1869Sainsbury’s has given Father Christmas a Dickensian origin story in a festive advert that aims to remind viewers of its 150-year history at the heart of the British high street.The TV campaign, which launches on Tuesday during ITV’s Emmerdale and then goes online, tells a Christmas story based around the first Sainsbury’s store, which opened in 1869. Continue reading...
  
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