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....”. Some of the tennis ace’s other investments have included Perkbox, the peer-to-peer currency exchange platform WeSwap, the startup of the year for 2014 Oppo Ice Cream, and annual train subscription service CommuterClub. ... [Read full article on Guardian ]
Monday 15th of May 2017 05:01:36 AM
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Latest Finance News related to Currency Exchange

No1 Seedr? Andy Murray backs more UK startups image
Source : Guardian [Read Article] Monday 15th of May 2017 05:01:36 AM
....”. Some of the tennis ace’s other investments have included Perkbox, the peer-to-peer currency exchange platform WeSwap, the startup of the year for 2014 Oppo Ice Cream, and annual train subscription service CommuterClub. ...
Do you have to pay fees when buying foreign currency?  image
Source : Daily Express [Read Article] Monday 15th of May 2017 12:01:00 AM
.... . As currency brokers specialise in foreign currency exchange they’re able to secure you better exchange rates than banks – helping you get more for your money. ...
Is it better to borrow money for a foreign property from home or overseas? image
Source : Daily Express [Read Article] Friday 12th of May 2017 12:00:00 AM
....While it could benefit you in the long run, reducing the overall amount you actually have to pay in sterling, it could also see you paying over the odds, while also making it harder to budget your finances on a monthly basis. So when considering whether to borrow money in the UK or overseas, the question you need to ask yourself is 'Do I want to take the risk on currency exchange now by borrowing in the UK, or at a later date by borrowing overseas?'. ...
Apple increases App Store prices by 25% following Brexit vote image
Source : Guardian [Read Article] Tuesday 17th of January 2017 10:31:05 AM
.... One computer, the Mac Pro, saw its price jump by £500 overnight. In a statement, Apple said: “Price tiers on the App Store are set internationally on the basis of several factors, including currency exchange rates, business practices, taxes and the cost of doing business. ...
US charges three foreign exchange traders image
Source : BBC [Read Article] Tuesday 10th of January 2017 11:28:46 PM
....5bn in fines in May 2015, after pleading guilty to conspiring to rig foreign exchange rates. In a statement the US Department of Justice said the three men were charged over their "alleged roles in a conspiracy to manipulate" the price of US dollars and euros in the foreign currency exchange spot market. ...
Good Christmas? M&S set to surprise as retailers reveal festive sales image
Source : Guardian [Read Article] Sunday 8th of January 2017 02:14:45 PM
....5bn for the first 11 months of the year. While established retailers such as M&S and Debenhams struggle to eke out growth – analysts predict underlying sales at constant currency exchange rates will be down 1% at Debenhams – online fashion sites Asos and Boohoo are riding the online boom, with growth rates of 30% and more than 40%, respectively. ...
Bitcoin tops $1,000 for first time in three years as 2017 trading begins image
....It is also may appeal to those worried about a shortage of cash, as in India where the prime minister, Narendra Modi, removed high-denomination banknotes from circulation in November. “The growing war on cash and capital controls is making bitcoin look like a viable, if high-risk, alternative,” said Paul Gordon, a board member of the UK Digital Currency Association and co-founder of Quantave, a firm that seeks to make it easier for institutional investors to access digital currency exchanges. ...
Bitcoin enjoys end of year price surge image
Source : BBC [Read Article] Friday 23rd of December 2016 12:16:42 PM
.... . The steady upward progress has continued despite regular hack attacks on virtual currency exchanges in which coins have been stolen. ...
Bringing home the bacon? Price of pork hits two-year high image
Source : Guardian [Read Article] Friday 18th of November 2016 07:12:55 PM
.... Britons’ love of bacon means manufacturers have to import loin to satisfy demand, whereas there is sufficient domestic supply of the belly and shoulder cuts used to make sausages. Last week, Premier Foods, the group behind brands such as Mr Kipling and Cadbury cakes, signalled price rises were on the horizon as the price of butter soared 80%, while wheat and edible oils were up 40% due to a combination of commodity price rises and currency exchange rate pressure. ...
Cost of cake set to rise, says Mr Kipling maker image
Source : Guardian [Read Article] Tuesday 15th of November 2016 07:15:13 PM
....The cost of cake will soon be on the rise, Premier Foods, the maker of Mr Kipling and Cadbury cakes, has warned as it said the price of ingredients had shot up dramatically in the past few months. Gavin Darby, chief executive of the British company which owns a range of well-known brands, from Bisto gravy to Angel Delight, said the company was already talking to retailers about price rises in specific categories as the price of butter had soared 80%, while wheat and edible oils were up 40% from a combination of commodity price rises and currency exchange rate pressures. ...
Apple raises computer prices in UK image
Source : BBC [Read Article] Friday 28th of October 2016 12:01:17 PM
....Its Mac Pro desktop computer - last updated in December 2013 - now costs £2,999, up from £2,499. "Apple suggests product prices internationally on the basis of several factors, including currency exchange rates, local import laws, business practices, taxes, and the cost of doing business," the company told the BBC. ...
The business of hedging image
Source : BBC [Read Article] Friday 14th of October 2016 03:09:51 PM
.... . How long the option is, the so-called "strike" price (the difference between the currency exchange rate and the one at which you wish to exchange), and the volatility (amount of movement) in the market concerned will all play a part in the bank's decision on what to charge. ...
Less than one euro to the pound at many UK airports image
Source : BBC [Read Article] Monday 10th of October 2016 12:59:33 PM
Can you still afford to buy a property overseas? image
Source : Daily Express [Read Article] Sunday 4th of September 2016 12:01:00 AM
....Chris White, founding director of estate agency Ideal Homes Portugal, is matching British vendors with UK-based buyers, and completing the entire transaction in sterling: “The buyer does not lose out from the weaker pound and the seller gets their money in the UK where they want it. Both avoid currency exchange fees. ...
Is bitcoin the answer if traditional investments are letting you down? image
Source : Guardian [Read Article] Monday 22nd of August 2016 06:00:04 AM
....Coupled with these enormous peaks and troughs have been hacking controversies. Earlier this month almost 120,000 bitcoin, worth around $78m, were stolen from Hong Kong-based Bitfinex, one of the most popular cryptocurrency exchanges, causing a 20% drop in the value of the currency. ...
Planning to send money overseas? Here’s how to do it image
Source : Guardian [Read Article] Saturday 20th of August 2016 06:00:06 AM
....Peer-to-peer services TransferWise is one of a new breed of peer-to-peer operators which cut out the banks and brokers by providing an online meeting place for people wanting to buy each other’s currencies. You don’t send your money directly, rather to the currency exchange firm which then passes it on. ...
Airport bureaux de change offering less than a euro for a pound image
Source : Guardian [Read Article] Wednesday 17th of August 2016 05:41:01 PM
....In the week that sterling slipped to a new three-year low against the euro following the Brexit vote, researchers found that bureaux de change at Stansted and Luton airports were offering just 99 cents for every pound exchanged. Last month, £1 was buying €1 at some airport currency exchange bureaux, but these rates have now worsened, according to currency specialist Caxton FX, which surveyed the walk-up rates at several airports this week. ...
South Africa regains Africa's 'biggest economy' title from Nigeria image
Source : BBC [Read Article] Thursday 11th of August 2016 01:25:25 PM
.... . The exercise in calculating the numbers using last year's IMF figures and this year's currency exchange numbers, technically puts South Africa back on top. ...
Retiring abroad can cost a fortune image
Source : Daily Express [Read Article] Wednesday 10th of August 2016 12:01:00 AM
.... . However, Andrew Tully, the firm’s pensions technical director, warns that unless you plan your finances carefully you can quickly find yourself caught out by local tax laws, unfavourable currency exchange rates and other financial arrangements. ...
Bitcoin drops more than 10% after security breach image
Source : BBC [Read Article] Wednesday 3rd of August 2016 08:21:38 AM
. The price of bitcoin has fallen more than 10% after the Hong Kong-based digital currency exchange Bitfinex said it had suffered a major hack. ...
Going upwards image
Source : BBC [Read Article] Friday 15th of July 2016 09:19:02 PM
....Marks and Spencer says virtually all of its clothing and homeware comes from outside the EU. For that reason it has hedged its currency exchange up to 18 months in advance, meaning it could be Christmas 2017 before it comes under pressure to raise prices. ...
Kingfisher taking keen interest in Homebase's new Australian owner image
Source : Guardian [Read Article] Wednesday 23rd of March 2016 08:19:06 AM
....The better than expected performance boosted Kingfisher’s share price by more than 3% to 362p, making it the highest riser in the FTSE 100 in early trading. However, when currency exchange rate issues and a net £166m of exceptional costs, mainly from the closure of 30 B&Q stores over the year, were taken into account, headline profits slumped by 20. ...
Most business leaders will vote to stay in EU, polls find image
Source : Guardian [Read Article] Monday 22nd of February 2016 12:01:43 AM
.... Among the sign‎atories are expected to be: Vittorio Colao, Vodafone chief executive; Sir Roger Carr, BAE Systems chairman; and easyJet boss Carolyn McCall. Meanwhile, Jeremy Cook, chief economist at the World First currency exchange, said damage was already being done to business by the debate around whether Britain would leave the EU. ...
How the sharing economy is transforming the freelance landscape image
Source : Guardian [Read Article] Wednesday 17th of February 2016 08:10:17 AM
.... More finance needs to be made available to those who need it – the British Business Bank, for example, is a partner of Funding Circle and makes a contribution towards each loan – and professional and trade organisations such as the Association of Independent Professionals and the Self-Employed (IPSE) have a role to play in raising awareness of these alternative funding resources. It’s the same story for currency exchange. ...
Former Barclays exec Rich Ricci lands chairman job at FreemarketFX image
Source : Telegraph [Read Article] Wednesday 10th of February 2016 06:48:16 PM
. Rich Ricci has been appointed as chairman of startup currency exchange FreemarketFX, taking his second new job of the year. ...
Financial detox: how to save money at work image
Source : Telegraph [Read Article] Monday 8th of February 2016 08:00:30 AM
.... . Save money on international money transfers and travel money with our currency exchange services . ...
TransferWise losses widen sixfold after massive growth push image
Source : Telegraph [Read Article] Thursday 28th of January 2016 03:13:24 PM
.... . Turnover at the peer-to-peer online currency exchange grew fivefold to £9. ...
Dividends hit new high in 2015 - but income now tipped to fall image
Source : Telegraph [Read Article] Monday 25th of January 2016 03:23:36 PM
. Investors in UK firms were paid the highest ever amount of income from regular dividends last year, but the figure was flattered by currency exchange and the first fall in six years is predicted for 2016. ...
Banks charge small firms extra £4bn on top of standard fees for money transfers image
.... . The analysis by payments consultancy Accourt, which was commissioned by online currency exchange and international payments service Money Mover, looked at the fees charged by six of the UK’s biggest banks, and specifically looked at the margin that is added to the exchange rate received from the money markets, known as the “spread”, which is built into the price of the deal. ...
Festive decorations firm has a lot to cheer about... but not just for Christmas image
Source : Daily Express [Read Article] Tuesday 15th of December 2015 11:52:00 PM
.... “I book a transaction and it is all sorted, very simple,” he says. “I don’t pay a charge per customer per order, only for the currency exchange, and that can save me £250 on a 10,000 Euro spread. ...
Exchange rates mapped: where in the world pounds go further image
Source : Telegraph [Read Article] Saturday 21st of November 2015 09:51:06 AM
. Thinking about buying a holiday home abroad or jetting off to a far flung location for some winter sun? Perhaps you should bypass Europe and look further afield to Brazil, Malaysia or South Africa if you’re keen to get the most value for your money, this currency exchange rate data suggests. ...
How to make the world your oyster as an exporter image
Source : Guardian [Read Article] Wednesday 18th of November 2015 03:44:35 PM
....Everline provides fast turnaround business loans for SMBs, offering exporters access to up to £120,000 of working capital for up to 24 months. Money Mover is an online currency exchange and global payments service for UK SMEs needing to send or receive payments from abroad. ...
Marks & Spencer homeware and fashion sales fall image
Source : Guardian [Read Article] Wednesday 4th of November 2015 08:03:38 AM
.... International sales slumped 2. 4% amid political and economic problems in Russia, Turkey and Ukraine as well as currency exchange issues in Europe which affected performance in Ireland and the Czech Republic. ...
Primark owner says prices will not rise to pay for 'national living wage' image
Source : Guardian [Read Article] Tuesday 3rd of November 2015 05:14:30 PM
....”. ABF warned that group profits were likely to fall in 2016 after a 30% drop to £717m in the year to 12 September, when a tough 12 months for its sugar business combined with currency exchange issues and lower profit margins at Primark. ...
Pensioners are taking the money then minding their own business image
Source : Guardian [Read Article] Tuesday 27th of October 2015 07:00:06 AM
....Crowd-funding offers another way for start-ups to raise capital, allowing investors to put in as much or little as they like either in return for a stake in the company or another incentive. Oliver Du Toit, 60, and his partner Jeff Paterson, 46, from Kent, set up Fourex, which they describe as “currency exchange on steroids” with £671,450 worth of investment through Crowdcube. ...
Pearson shares slide after profits warning image
Source : Guardian [Read Article] Wednesday 21st of October 2015 09:12:31 AM
....However, the company said the sale of assets including the FT and its 50% stake in the Economist, as well as adverse exchange rate movements, would reduce this to 70p to 75p. The company hinted that it could yet downgrade further if the current foreign currency exchange rates were to worsen. ...
​Wal​mart blames wage rise for profits warning and 2015 sales downgrade image
Source : Guardian [Read Article] Wednesday 14th of October 2015 04:12:43 PM
....Walmart, the world’s biggest retailer, issued a profits warning on Tuesday and cut its sales outlook for 2015, blaming wage rises and intensifying online competition for its woes. The company said it expects sales growth to be flat for this fiscal year, as it faces unfavorable currency exchange rates. ...
Small business advice: how do I start exporting? image
Source : Guardian [Read Article] Wednesday 14th of October 2015 06:00:04 AM
....It is crucial to bear in mind the potential barriers you will face when exporting. You need to understand the differing government policies, customer behaviours, culture, customs, and currency exchanges on profit in the area. ...
Lagarde: China not all 'doom and gloom' image
Source : BBC [Read Article] Friday 9th of October 2015 02:03:02 AM
.... . She noted China's efforts towards better management of its currency exchange rate and interest rates movements and expected the country's government to better communicate to the world what was going on in its economy "over the course of time". ...
Onshore windfarms cheapest form of UK electricity, report shows image
Source : Guardian [Read Article] Wednesday 7th of October 2015 02:43:20 PM
.... However LCOE does not account for the cost of managing intermittent power in the national grid electricity system. The figures are assessed in dollars to allow international comparisons, however the figures are influenced by a range of costs including currency exchange rates. ...
Samsung surprises with profit forecast image
Source : BBC [Read Article] Wednesday 7th of October 2015 01:11:53 AM
.... . Analysts said stronger sales in its chip business and favourable currency exchange rates had offset the weakness in its mobile business. ...
Currency risk: how can expats safeguard their hard-earned money? image
Source : Telegraph [Read Article] Tuesday 6th of October 2015 02:39:54 PM
.... . Of course, currency exchange can work in reverse, and you may find yourself better off by allowing currency risk to take its course. ...
The two men taking on the banks image
Source : BBC [Read Article] Monday 5th of October 2015 11:01:39 PM
....Effectively, you are buying your currency from other individuals. The "mid-market" rate the site gives is taken from the rate published by Reuters and it is often significantly less than the rates offered by traditional currency exchange businesses. ...
Aberdeen raises its bet on frontier markets with AEC acquisition image
Source : Telegraph [Read Article] Tuesday 15th of September 2015 08:30:26 AM
.... . In July, the firm announced that its overall assets under management had dipped £23bn to £307bn in the second quarter of the year because of rough market conditions and punishing currency exchange rates. ...
Bank Holiday getaway blow for British tourists as pound PLUNGES against euro image
Source : Daily Express [Read Article] Wednesday 26th of August 2015 03:33:00 PM
....Darren Kilner, currency expert at FAIRFX, said: “Unfortunately, the exchange rate for Brits buying the euro hasn’t fared as well and is now well off the highs seen earlier in the year. "However, the Chinese situation has also had a dramatic impact on the Australian and New Zealand dollar and South African Rand, so Brits who are looking to travel to these countries will benefit from some of the best currency exchange rates against the pound in years. ...
'People would rather go to the dentist than a car dealer - we've got to end that' image
.... Don’t expect cars’ list prices of cars to fall, though. The auto companies will put their gain of currency exchange into the finance deals to keep UK motorists buying, says Bruce, who thinks the big car companies have the financial firepower to swallow rate rises for years. ...
Our holiday checklist: find the best deals for your wallet image
Source : Guardian [Read Article] Saturday 11th of July 2015 05:59:05 AM
....For changing £500, Moneycorp again came top, followed by Debenhams and ICE’s bureau at Ashford International (for Eurostar travellers). We noted that the Post Office, which makes a big noise in the currency exchange market, was only offering middling value. ...
Richard Branson backs three small businesses at pitching event image
Source : Guardian [Read Article] Friday 26th of June 2015 04:14:07 PM
....The entrepreneurs, who were joined by model David Gandy and Peter Kelly, managing director of Virgin Media Business, crowned the winners of the Pitch to Rich competition, which aimed to identify high-potential firms and received more than 2,500 entries. The winners were Kino-mo (in the “startup” category), which produces mass market holograms, Fourex (“new things” category), which makes currency exchange machines, and JustPark (“grow” category), a sharing-economy app that helps drivers find parking spaces. ...
Bunzl goes on spending spree to expand its empire  image
Source : Telegraph [Read Article] Tuesday 23rd of June 2015 07:03:16 AM
.... . However, despite the upswing in the pound following the general election, the company said today that it had benefitted from "the effect of positive currency exchange translation of about 1pc" due to the acquisition of different companies it made around the world last year. ...
Source : Independent [Read Article] Thursday 4th of June 2015 12:04:36 AM
....Mr Carney makes the point that it is impossible for any bank to have a presence in every city, town and village in the world (although HSBC – one of the banks so fined – was, at one point, attempting to do that). So they rely on “correspondent banking”, which allows a local bank to facilitate customers’ access to a range of services, such as currency exchanges or money transfers to overseas accounts, provided by often distant financial institutions. ...
Billionaire tech investor Peter Thiel invests in UK start-up Lystable image
Source : Telegraph [Read Article] Wednesday 27th of May 2015 02:01:27 PM
...." . Taavet Hinrikus and Kristo Käärmann, founders of TransferWise, a "peer–to–peer" currency exchange service, secured $6m (£3. ...
Where to get the most euros for your money this summer image
Source : Daily Express [Read Article] Tuesday 12th of May 2015 04:28:00 PM
....A couple of cards allow you to take out money or use your card without fees. And because wholesale currency exchange rates are usually more favourable than the high street rates, it can be better value - not to mention easier - to use these cards than changing and taking wads of cash from home. ...
Crown Currency Exchange: four convicted but leading defendant commits suicide   image
.... . The trial, at London's Southwark Crown Court, heard that around 12,500 victims were left out of pocket when the Cornish-based currency exchange firm went bust in October 2010, owing millions. ...
REVEALED: The simple card trick that costs British holidaymakers £292m a YEAR image
....However, a couple of cards allow you to take out money or use your card without fees. And because wholesale currency exchange rates are usually more favourable than the high street rates, it can be better value - not to mention easier - to use these cards than changing and taking wads of cash from home. ...
....A. A good currency exchange specialist is likely to offer you a better exchange rate and lower charges than the banks. ...
Return of the booze cruise? £4-a-bottle saving on French wine prompts cross-border stampede image
.... . Data from currency exchange firm Caxton FX shows a 14pc rise in British buyers shopping at the French supermarket, Carrefour, compared with the same time last year. ...
Bitcoin Island: the currency comes clean image
Source : BBC [Read Article] Thursday 23rd of April 2015 11:02:30 PM
....Over the last 12 months the government has been working on incorporating Bitcoin into its anti-money-laundering laws. "We also passed through parliament the Designated Businesses Bill, which treats digital currency exchanges the same as any other company holding value for a client in escrow [a form of safe keeping]," said Peter Greenhill, head of e-gaming in the department of economic development. ...
Eurostar passenger numbers 'fell due to Paris terror attacks' image
Source : Daily Express [Read Article] Thursday 16th of April 2015 12:10:00 PM
. A Channel Tunnel fire in January that caused major disruption as well as movements in currency exchange rates also affected performance, said the high-speed rail company. ...
Price controls and scarcity force Venezuelans to turn to the black market for milk and toilet paper image
....Rodríguez sells each of her products for around 100 bolívares. At the black market currency exchange rate, that’s just 30 pence or so. ...
The cost of buying in France falls by 25pc - and could fall further image
Source : Telegraph [Read Article] Friday 3rd of April 2015 06:30:03 AM
.... - Read the best of today's money and investing coverage . French property is attracting huge interest from British buyers thanks to falling house prices, cheap long-term mortgages and favourable currency exchange rates. ...
Taking on the big four banks in the land of the CurrencyFair go image
Source : Guardian [Read Article] Wednesday 1st of April 2015 05:25:07 AM
. The peer-to-peer currency exchange website CurrencyFair is aiming to take on Australia’s big four banks and double its small Newcastle workforce with a multimillion-dollar injection of funding. ...
Silk Road agents charged with theft image
Source : BBC [Read Article] Monday 30th of March 2015 06:41:19 PM
.... . The DoJ alleges that he transferred more than $800,000 in Bitcoin into an account at MtGox, a Japanese digital currency exchange that filed for bankruptcy in February. ...
'I have euros in an international bank, losing value against sterling. How can I minimise my loss?' image
.... . Because the Eurozone is to embark on "quantitative easing" – the "creation" of money as a way of trying to stimulate the economy – through to September 2016, the value of the euro compared to the pound is likely to worsen rather than get better in the next 18 months, said Nicholas Ebisch, currency analyst at Caxton FX, a currency exchange company. ...
After years of scandal, finally a 'civilised' bank image
Source : Independent [Read Article] Sunday 8th of March 2015 11:25:23 PM
....The bank, whose name was dreamt up by the brand consultant and non-executive director Jason Scott, is led by chief executive Gordon Dow, the former head of private banking at Santander. It will initially target medium-sized businesses by offering current accounts with deposits, transaction banking, overdrafts, foreign currency exchange, investments, savings and loans. ...
Bank flags 50 instances of possible market abuse image
Source : BBC [Read Article] Tuesday 3rd of March 2015 12:34:16 PM
....Anthony Habgood said Lord Grabiner's report had highlighted the fact that "parts of the Bank need to be more professionalised". Mr Carney also revealed further details of why the Bank had sacked its chief foreign currency exchange dealer, Martin Mallett, in the wake of the internal investigation into foreign exchange manipulation. ...
Expat pensioners worse off than they were a decade ago image
Source : Telegraph [Read Article] Friday 27th of February 2015 05:43:19 PM
.... . Andy Brown, director at Equiniti, said; “Expat pensioners are always at the behest of the currency exchange rollercoaster and the pound strengthening over the last 12 months has been a welcome relief for most, especially those in the eurozone. ...
Malaysia's AirAsia posts first loss in two years image
Source : BBC [Read Article] Friday 27th of February 2015 12:51:49 AM
. AirAsia, one of the continent's most successful carriers, has posted its first net loss in two years, citing currency exchange losses and higher taxes. ...
GKN gets grip on auto sales thanks to demand for SUVs image
Source : Telegraph [Read Article] Tuesday 24th of February 2015 03:57:11 PM
.... . At constant currency exchange rates, GKN’s annual results showed sales in its Driveline business rose by 8pc in the year to December 31 to £3. ...
Tesco Bank chief: 'The main difference between supermarkets and banking is the lack of transparency' image
.... . And while certain services, such as depositing cash and currency exchanges, can be found at hundreds of Tesco’s supermarkets, Higgins clearly believes the future of banking is the internet. ...
'I'm due an inheritance from Australia – what's the best way to transfer the cash?' image
.... . “Firstly, you may find that paying a broker such as Moneycorp directly represents best value for currency exchange. ...
United Airlines disappoints customers after £50 New York flight tickets glitch image
Source : Telegraph [Read Article] Wednesday 11th of February 2015 05:28:13 PM
.... A spokesman for the airline said: . "United is voiding the bookings of several thousand individuals who were attempting to take advantage of an error a third-party software provider made when it applied an incorrect currency exchange rate, despite United having properly filed its fares. ...
Greece elections: Who are Syriza and what effect will their new government have on Europe? image
.... The Greek people certainly still seem to think that life would be still harder outside the eurozone, with polls showing a large majority for staying in. Yet there is also a possibility that a “Grexit” would ultimately be economically beneficial for Greece, giving the country’s exports and tourism industries a massive boost from a lower currency exchange than it currently has in the eurozone. ...

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