Financial news

• JD Wetherspoon pubs boss brews up a storm over governance

  13-11-2019 20:12 via theguardian.com
  
  Tim Martin’s musings on corporate governance and tick-box culture is typically thought-provokingTim Martin at JD Wetherspoon writes some entertaining chairman’s rants and, if you skip the sermons on Brexit, he is reliably thought-provoking. Here’s the latest view from behind the pumps: corporate governance in the UK is “up the spout” and a tick-box culture is sowing seeds of destruction.As a catch-all statement, the judgment is absurdly severe. If you think governan
  
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• The Guardian view on trade after Brexit: a new cliff edge looms | Editorial

  13-11-2019 19:53 via theguardian.com
  
  Tesla’s decision not to locate a factory in the UK exposes a fatal flaw in Boris Johnson’s planThe pace of an election campaign tests the attention span of even the most committed observer. In a less frenzied climate, political debate might have dwelt, for example, on the declaration by Elon Musk, founder of carmaker Tesla, that Brexit has deterred him from locating a new factory in the UK.Mr Musk has chosen instead a site outside Berlin to develop the next generation of electric veh
  
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• Investors in Neil Woodford fund could lose further £1bn

  13-11-2019 19:34
  
  Hundreds of thousands of investors face huge collective loss as income fund winds upHundreds of thousands of investors locked in Woodford equity income fund could lose a third of their remaining investments by the time it is wound up, according to analysis commissioned by its administrators.It would mean investors could collectively lose another £1bn, after administrators decided to fire fund manager Neil Woodford and close the fund, which was last valued at £3.1bn. Continue reading.
  
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• Tell us about the difficulties you're having with childcare

  13-11-2019 18:58 via theguardian.com
  
  We want to hear from parents and childminders about how issues such as the cost of looking after children is affecting them Parents in England may be facing higher fees for childcare because of a lack of government funding, with some even reducing their working hours because of the cost.Meanwhile the cost of training, coupled with increased scrutiny and bureaucracy from the regulator has contributed to a decrease in the number of registered childminders in recent years. Continue reading...
  
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• Pound euro exchange rate steady as weak UK inflation fans Bank of England rate cut fears

  13-11-2019 18:38 via feedproxy.google.com
  
  THE pound euro exchange rate held steady today, with the pairing trading around €1.166 after the October’s UK inflation figure hit a three-year low at 1.5 percent.
  
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• Pound US dollar exchange rate: GBP/USD flat as US inflation rebounds

  13-11-2019 18:34 via feedproxy.google.com
  
  THE pound was left flat against the US dollar today as US inflation rose, leaving the pairing trading around $1.283.
  
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• State pension: Inflation drops to three-year low in major boost for pensioners

  13-11-2019 16:15 via feedproxy.google.com
  
  STATE PENSION: The rate of CPI inflation has dropped to its lowest since November 2016, the Office for National Statistics has said today. Commenting on the news, it has been suggested that this could be “good news” for those claiming the state pension.
  
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• British Gas owner wins high court fight over energy price cap

  13-11-2019 15:13
  
  Centrica challenged regulator Ofgem over how it calculated cap on energy pricesCentrica, the owner of British Gas, has won a court battle with the energy regulator after the watchdog made an 11th-hour change to price cap calculations, which dealt a £70m blow to the supplier.Britain’s biggest energy supplier pledged to take Ofgem to court last year after the regulator announced a surprise change to the methodology used to set the energy price cap. Continue reading...
  
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• HSBC to let customers block spending on gambling websites

  13-11-2019 14:30
  
  Bank says 24-hour cooling-off period will give problem gamblers time to reconsider HSBC will allow customers to prevent themselves from spending money with bookmakers and online casinos, as it becomes the latest bank to introduce measures intended to help problem gamblers.Europe’s largest bank will offer its 14.5 million UK customers the option to self-exclude from all gambling transactions, a restriction that can only be reversed after a 24-hour cooling-off period. Continue reading...
  
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• 'It's not fair': why Havana's taxi drivers massively outearn doctors – video

  13-11-2019 13:00 via theguardian.com
  
  Cuba's strange dual system means that public sector workers and those in private enterprise are paid in different currencies. Laura, a GP, earns Cuban pesos, whereas Rogelio, who was a doctor, now makes more in an hour as a taxi driver than he used to in a month because he is paid in 'convertible pesos', which are worth 24 times more. As doctors and teachers struggle to buy basic goods, is it time for change?Divided Cities episode 1 ‘Make Spain great again’: does Melilla really need
  
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• Tesla cites Brexit as Germany chosen over UK for European plant

  13-11-2019 10:31 via theguardian.com
  
  US electric carmaker will build battery factory in Berlin, says boss Elon MuskThe Tesla chief executive, Elon Musk, has said Brexit uncertainty played a role in the firm’s decision to build its first European factory in Germany rather than the UK.The billionaire entrepreneur revealed that the firm’s European battery plant would be built on the outskirts of Berlin. Continue reading...
  
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• Bribed … the key to gaining coveted ‘Amazon’s Choice’ label

  13-11-2019 08:00
  
  We were offered a voucher in return for posting a five-star reviewI ordered a key finder from Amazon and found a card in the box offering a $10 voucher in return for a five-star rating provided I did not mention this “rebate activity”! Now I understand why it got such good reviews.Continue reading...
  
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• Fairbnb.coop launches, offering help for social projects

  13-11-2019 07:30
  
  Fears about overtourism have prompted the new holiday rental website to ban properties owned by businesses and donate 50% of commission to community projectsEthical holiday rental website Fairbnb.coop has launched its reservations system offering travellers a chance to book in at city apartments that support community projects. The site aims to be a marketplace for “authentic, fair and conscious tourism” and promises to donate 50% of its commission to social projects selected by loca
  
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• Universal Credit: Charity urges change amid sharp increase in emergency food bank demand

  13-11-2019 01:01 via feedproxy.google.com
  
  UNIVERSAL CREDIT claimants can expect a wait of five weeks for their first payment - something which a charity is calling for the end of. It comes as new data shows a sharp increase in the number of emergency food parcels being given to people in crisis in the UK.
  
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• Pension: Women saving for retirement hits record high - but half feel amount is inadequate

  13-11-2019 01:01 via feedproxy.google.com
  
  PENSION: Women in the UK are better prepared for the future than ever before, according to a new report. The research has found that 57 percent of women are now saving enough for their retirement - the highest proportion recorded in 15 years.
  
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• National Lottery: New game with tickets costing £2.50 proposed to help players save £250

  13-11-2019 01:01 via feedproxy.google.com
  
  NATIONAL LOTTERY reform which would see players get the chance to divert part of their ticket price into a savings account, has been suggested by a think-tank today.
  
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