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....Formula 1 technology has had an impact in many other sectors, from aeronautics to cycling, public transport to data analytics, but now Williams has come up with a hi-tech carrier for critically ill new-born babies. Every year the Williams Formula 1 team spends more than £100m ($130m; 114m euros) trying to make two cars go round a racing track as fast as possible. ... [Read full article on BBC ]
Monday 3rd of July 2017 11:04:53 PM
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....However, while the public is still nursing debts and negative equity, the IMF bailout seems a very distant memory in Ireland. The economy is on course to be the fastest growing in the eurozone for the fourth year in a row and there is a housing shortage for a growing population. ... [Read full article on Guardian ]
Saturday 15th of July 2017 03:00:09 PM
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....Rodrik pointed to a series of dramatic recent events that challenged the idea that growing free trade would be peacefully accepted. In 1995, France had adopted a programme of fiscal austerity in order to prepare for entry into the eurozone; trade unions responded with the largest wave of strikes since 1968. ... [Read full article on Guardian ]
Friday 14th of July 2017 04:28:14 AM
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.... Fiscal policy could also be further relaxed in the 2017 autumn budget to offset the ongoing real squeeze on household spending power. “There are still downside risks relating to Brexit, but there are also upside possibilities if negotiations go smoothly and the recent eurozone economic recovery continues. ... [Read full article on Guardian ]
Tuesday 18th of July 2017 05:01:11 AM
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.... Chuka Umunna, a proponent of permanent single market membership, also welcomed the CBI proposal. But the deep and prolonged transition phase proposed by business is likely to enrage Tory eurosceptics who believe it would amount to a betrayal of referendum aims to “bring back control”. ... [Read full article on Guardian ]
Thursday 6th of July 2017 05:02:32 PM
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....Its brands include Anchor and Cravendale, and it has annual revenues of 9. 6bn euros (£8. ... [Read full article on BBC ]
Thursday 6th of July 2017 06:33:10 AM
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. I made an international transfer of £792 in euros to a friend using the Barclays Pingit mobile payment service on 18 May. ... [Read full article on Guardian ]
Sunday 25th of June 2017 05:59:21 AM
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....The research chimes with other evidence that the Brexit vote has prompted some workers from other EU countries to leave already or consider going. This is partly because of uncertainty around the UK’s economic outlook and because any money those workers earn in pounds is now worth less in euros for them to send home. ... [Read full article on Guardian ]
Monday 26th of June 2017 11:01:14 PM
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.... In the first quarter of 2017, the UK grew 0. 2%, whereas the eurozone grew by 0. ... [Read full article on Guardian ]
Monday 24th of July 2017 05:00:27 AM
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. British holidaymakers heading to Europe for this weekend’s big getaway are being offered what may be the worst ever foreign exchange rates at British airports – in one case, just 88 euro cents for every pound they hand over. ... [Read full article on Guardian ]
Friday 21st of July 2017 06:31:18 PM
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....”. Now, of course, the evolutionary neuroscience crowd are also getting in on the argument. ... [Read full article on Guardian ]
Wednesday 28th of June 2017 11:06:27 AM
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....17% against the dollar at $1. 2918 and was flat against the euro at 1. ... [Read full article on BBC ]
Tuesday 4th of July 2017 03:55:15 PM
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.... It seems that worries about falling prices, or deflation, have gone for now. Most other countries in the world are experiencing low and falling inflation, including the euro area with a rate of 1. ... [Read full article on Guardian ]
Thursday 20th of July 2017 02:20:35 PM
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....4% at $1. 2984, although it was flat against the euro at 1. ... [Read full article on BBC ]
Thursday 29th of June 2017 04:05:38 PM
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....A drop in manufacturing output, a slowdown for the construction industry and a widening in Britain’s trade deficit have doused expectations that the Bank of England will raise interest rates over the coming months. The pound dropped sharply against the dollar and euro on Friday after the latest signs that the economic resilience seen after last summer’s Brexit vote has waned. ... [Read full article on Guardian ]
Friday 7th of July 2017 11:37:06 AM
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.... British cake producers have said the rising cost of butter will bump up their prices. Inflation has also been pushed up, as the rise in the value of the euro against the pound has made it more profitable to sell dairy produce abroad. ... [Read full article on Guardian ]
Friday 7th of July 2017 11:28:15 AM
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....5% but said one key risk facing the global economy was that the Brexit talks would end in failure. It contrasted its gloomier outlook for the UK with a rosier forecast for the rest of the EU, with 2017 growth upgrades for the four biggest eurozone countries – Germany, France, Italy and Spain. ... [Read full article on Guardian ]
Monday 24th of July 2017 04:45:27 AM
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....On the currency markets, the pound was flat against the dollar at $1. 2931 and down slightly against the euro at 1. ... [Read full article on BBC ]
Thursday 6th of July 2017 08:19:29 AM
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.... The government has cut their numbers and put them through a time-wasting and pointless reorganisation. The result is plain to see: the civil service is no longer a Rolls-Royce but a battered Nissan Micra with a neurotically nervous driver. ... [Read full article on Guardian ]
Saturday 8th of July 2017 11:05:08 PM
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Thursday 20th of July 2017 07:14:47 AM
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....Probably the worst currency deal is at Forexchange in Cardiff airport. Let’s say you want to head off with at least £100 of euros to cover your first few days in Spain. ... [Read full article on Guardian ]
Saturday 22nd of July 2017 06:00:31 AM
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....25%, but it is also because the dollar has weakened against a range of currencies. Compared with the night of the referendum in June last year, the pound is still down about 13% against the dollar and around 14% down against the euro. ... [Read full article on Guardian ]
Monday 24th of July 2017 05:01:27 AM
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....He added: “Business optimism about future prospects has sunk to its lowest for nearly six years, adding to a growing body of data which points to a slowing economy. “The drop in confidence pushed the level of UK optimism below that seen in the eurozone for the first time in seven years, and contrasts with multi-year high levels of optimism in the United States and Japan. ... [Read full article on Guardian ]
Sunday 16th of July 2017 11:01:34 PM
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.... That does not help nurses or patients,” she said. Comparisons with Greece were repeatedly used by George Osborne in 2010 to justify public spending cuts, as riots erupted on the streets of Athens over the stringent bailout conditions imposed by the International Monetary Fund and the eurozone. ... [Read full article on Guardian ]
Wednesday 5th of July 2017 07:23:29 PM
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....Sweden is a fellow member of the European Union and, in common with the UK, enjoys “the best of both worlds”. Like us, at the moment, it possesses all the advantages of EU membership, not least from belonging to a powerful trading bloc: it is also not a member of the eurozone, whose economic policies have been far too deflationary. ... [Read full article on Guardian ]
Sunday 16th of July 2017 05:59:13 AM
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.... If taxpayers can be on the hook at two regional banks, they may also be exposed if and when the banks are more important and the sums significantly greater. Second, as the thinktank also points out, the cause of banking and fiscal integration in the eurozone has just suffered a serious jolt. ... [Read full article on Guardian ]
Monday 26th of June 2017 03:18:46 PM
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Monday 3rd of July 2017 07:39:54 AM
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Wednesday 5th of July 2017 07:33:33 AM
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....A year after the Brexit vote, the pound was this week down 12. 9% against the euro and 13. ... [Read full article on Guardian ]
Saturday 1st of July 2017 06:00:06 AM
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....Wherever investors looked last week, the picture was rosy. The eurozone, for so long the laggard in the global growth league, could be seen zipping along following first-quarter GDP growth that hit 0. ... [Read full article on Guardian ]
Sunday 2nd of July 2017 06:00:21 AM
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Latest Finance News related to Euro

Greece plans return to bond market as Athens sees end in sight to austerity image
....Speaking after the bond issue was announced, the EU’s economy commissioner, Pierre Moscovici, described the public spending cuts imposed on Greece since it almost went bust as “too tough” but “necessary”, adding there was now “light at the end of austerity”. Reuters reported that Greece had employed six banks – BNP Paribas, Bank of America Merrill Lynch, Citigroup, Deutsche Bank, Goldman Sachs and HSBC – to act as joint lead managers for a five-year euro bond “subject to market conditions”. ...
VW calls crisis meeting to discuss EU cartel inquiry, source says image
Source : Guardian [Read Article] Monday 24th of July 2017 01:46:00 PM
....“More ugly details could yet emerge, leaving German manufacturers – and the EU auto sector – still firmly in the sin bin for now,” he added. The car industry has been fined billions of euros on both sides of the Atlantic in recent years for cartels related to various parts such as lighting systems, engine coolers and bearings. ...
How has Brexit vote affected UK economy? July verdict image
Source : Guardian [Read Article] Monday 24th of July 2017 05:01:27 AM
....25%, but it is also because the dollar has weakened against a range of currencies. Compared with the night of the referendum in June last year, the pound is still down about 13% against the dollar and around 14% down against the euro. ...
IMF cuts 2017 growth forecasts for UK and US image
Source : Guardian [Read Article] Monday 24th of July 2017 04:45:27 AM
....5% but said one key risk facing the global economy was that the Brexit talks would end in failure. It contrasted its gloomier outlook for the UK with a rosier forecast for the rest of the EU, with 2017 growth upgrades for the four biggest eurozone countries – Germany, France, Italy and Spain. ...
Sun, sea, sand … and a last-minute money-saving holiday guide image
Source : Guardian [Read Article] Saturday 22nd of July 2017 06:00:31 AM
....Probably the worst currency deal is at Forexchange in Cardiff airport. Let’s say you want to head off with at least £100 of euros to cover your first few days in Spain. ...
Britons travelling to Europe offered just €0.88 for £1 image
Source : Guardian [Read Article] Friday 21st of July 2017 06:31:18 PM
. British holidaymakers heading to Europe for this weekend’s big getaway are being offered what may be the worst ever foreign exchange rates at British airports – in one case, just 88 euro cents for every pound they hand over. ...
The cost of living crisis is down to Brexit. The chickens are coming home to roost | David Blanchflower image
.... It seems that worries about falling prices, or deflation, have gone for now. Most other countries in the world are experiencing low and falling inflation, including the euro area with a rate of 1. ...
Shares in Asia head for 10-year high on back of US profit surge image
Source : Guardian [Read Article] Thursday 20th of July 2017 04:19:56 AM
....The Bank of Japan ended its two-day policy meeting on Thursday by keeping rates on hold but cut its inflation forecasts again. The euro was up about 0. ...
UK growth will slow as consumer spending is squeezed, forecasts PwC image
Source : Guardian [Read Article] Tuesday 18th of July 2017 05:01:11 AM
.... Fiscal policy could also be further relaxed in the 2017 autumn budget to offset the ongoing real squeeze on household spending power. “There are still downside risks relating to Brexit, but there are also upside possibilities if negotiations go smoothly and the recent eurozone economic recovery continues. ...
UK business confidence at lowest point for six years, say forecasters image
....He added: “Business optimism about future prospects has sunk to its lowest for nearly six years, adding to a growing body of data which points to a slowing economy. “The drop in confidence pushed the level of UK optimism below that seen in the eurozone for the first time in seven years, and contrasts with multi-year high levels of optimism in the United States and Japan. ...
Election euphoria won’t last if Labour doesn’t foil Brexit folly image
Source : Guardian [Read Article] Sunday 16th of July 2017 05:59:13 AM
....Sweden is a fellow member of the European Union and, in common with the UK, enjoys “the best of both worlds”. Like us, at the moment, it possesses all the advantages of EU membership, not least from belonging to a powerful trading bloc: it is also not a member of the eurozone, whose economic policies have been far too deflationary. ...
Dublin is streets ahead of EU rivals as City firms plan for Brexit relocation image
....However, while the public is still nursing debts and negative equity, the IMF bailout seems a very distant memory in Ireland. The economy is on course to be the fastest growing in the eurozone for the fourth year in a row and there is a housing shortage for a growing population. ...
One by one, Brexit’s ‘salvations’ are seen to be illusory | Nick Cohen image
.... The government has cut their numbers and put them through a time-wasting and pointless reorganisation. The result is plain to see: the civil service is no longer a Rolls-Royce but a battered Nissan Micra with a neurotically nervous driver. ...
Fears for UK economy after weaker-than-expected growth reports image
Source : Guardian [Read Article] Friday 7th of July 2017 11:37:06 AM
....A drop in manufacturing output, a slowdown for the construction industry and a widening in Britain’s trade deficit have doused expectations that the Bank of England will raise interest rates over the coming months. The pound dropped sharply against the dollar and euro on Friday after the latest signs that the economic resilience seen after last summer’s Brexit vote has waned. ...
Butter price at all-time high as dairy production curdles image
Source : Guardian [Read Article] Friday 7th of July 2017 11:28:15 AM
.... British cake producers have said the rising cost of butter will bump up their prices. Inflation has also been pushed up, as the rise in the value of the euro against the pound has made it more profitable to sell dairy produce abroad. ...
UK business leaders to call for indefinite delay in leaving single market image
.... Chuka Umunna, a proponent of permanent single market membership, also welcomed the CBI proposal. But the deep and prolonged transition phase proposed by business is likely to enrage Tory eurosceptics who believe it would amount to a betrayal of referendum aims to “bring back control”. ...
AB Foods lifted by Primark sales boost image
Source : BBC [Read Article] Thursday 6th of July 2017 08:19:29 AM
....On the currency markets, the pound was flat against the dollar at $1. 2931 and down slightly against the euro at 1. ...
Butter could cost more by Christmas, Arla boss warns image
Source : BBC [Read Article] Thursday 6th of July 2017 06:33:10 AM
....Its brands include Anchor and Cravendale, and it has annual revenues of 9. 6bn euros (£8. ...
Theresa May defends public sector pay cap under pressure from Labour image
Source : Guardian [Read Article] Wednesday 5th of July 2017 07:23:29 PM
.... That does not help nurses or patients,” she said. Comparisons with Greece were repeatedly used by George Osborne in 2010 to justify public spending cuts, as riots erupted on the streets of Athens over the stringent bailout conditions imposed by the International Monetary Fund and the eurozone. ...
WARNING: Don’t get burnt for cash on your holiday image
Source : Daily Express [Read Article] Wednesday 5th of July 2017 11:21:00 AM
....Research from Post Office Money reveals that regional airport kiosks offer some of the worst deals. Families changing £500 in euros would get £55 more buying online and having it delivered than buying it at Liverpool Airport. ...
FTSE 100 lower despite Worldpay share surge image
Source : BBC [Read Article] Tuesday 4th of July 2017 03:55:15 PM
....17% against the dollar at $1. 2918 and was flat against the euro at 1. ...
F1 tech for babies image
Source : BBC [Read Article] Monday 3rd of July 2017 11:04:53 PM
....Formula 1 technology has had an impact in many other sectors, from aeronautics to cycling, public transport to data analytics, but now Williams has come up with a hi-tech carrier for critically ill new-born babies. Every year the Williams Formula 1 team spends more than £100m ($130m; 114m euros) trying to make two cars go round a racing track as fast as possible. ...
Here to serve image
Source : BBC [Read Article] Sunday 2nd of July 2017 11:14:24 PM
.... . "When my daughter joined us, she said, 'I'm just staying next door and paying about 80 euros'. ...
Bureaucratic block image
Source : BBC [Read Article] Sunday 2nd of July 2017 11:13:32 PM
....There are easier ways to travel from Turkey to Canada than taking a dinghy to Kos. Abdullah had money: the 4,000 euros (£2,500; $4,460) he paid a people-smuggler could have bought plane tickets for them all - if they had had the right passports. ...
Flying high image
Source : BBC [Read Article] Sunday 2nd of July 2017 11:09:01 PM
....The JetSmarter business model involves a membership scheme. Customers pay an annual fee of $15,000 (£11,547; 13,127 euros), which includes access to some flights free of further charges; for an additional cost they can also arrange flights themselves, and in some cases share the cost of these with other members. ...
Biggest holiday rip-offs REVEALED: Watch-out for THESE money stings image
Source : Daily Express [Read Article] Saturday 1st of July 2017 12:14:00 PM
.... Regional airports offer some of the worst rates, according to the Post Office. For example, families who changed £500 into euros could lose at least £55 by failing to order from travel money specialists and opting for terminal bureaus. ...
Is standing up the new sitting down? | Stefan Stern image
Source : Guardian [Read Article] Wednesday 28th of June 2017 11:06:27 AM
....”. Now, of course, the evolutionary neuroscience crowd are also getting in on the argument. ...
Almost half of highly skilled EU workers 'could leave UK within five years' image
....The research chimes with other evidence that the Brexit vote has prompted some workers from other EU countries to leave already or consider going. This is partly because of uncertainty around the UK’s economic outlook and because any money those workers earn in pounds is now worth less in euros for them to send home. ...
Italy's €17bn bank job: self-preservation at a long-term EU price? | Nils Pratley image
.... If taxpayers can be on the hook at two regional banks, they may also be exposed if and when the banks are more important and the sums significantly greater. Second, as the thinktank also points out, the cause of banking and fiscal integration in the eurozone has just suffered a serious jolt. ...
With politics turned on its head, Labour sticks to Brexit ambiguity image
Source : Guardian [Read Article] Sunday 25th of June 2017 01:05:57 PM
....Moving leftwards on the spectrum, there are those who think Britain should stay in the EU but only if it is reformed. This gets round the problem of simply turning the clock back to the state of affairs that existed before the referendum and also recognises that the shortcomings of the eurozone – the one-size fits all single currency, the austerity imposed on Greece, Ireland and Portugal, the ingrained unemployment and the perpetually slow growth – might have had something to do with last year’s result. ...
Europe is the shared story our papers tell. It’s what made me who I am image
.... There ought to be some effort to see how countries, overrun time and again in war, have a different order of priorities for partnership. Economics? Pounds sterling, euros, profits and losses? Naturally. ...
I sent money to a friend using Barclays’ Pingit app, but it never arrived image
. I made an international transfer of £792 in euros to a friend using the Barclays Pingit mobile payment service on 18 May. ...
Exporters are wise to start preparing for a hard Brexit image
Source : Guardian [Read Article] Saturday 24th of June 2017 04:05:04 PM
.... It is almost the default position of any senior EU-supporting politician. Even dyed-in-the-wool europhiles can recognise that the EU’s reaction to the 2008 crash and its aftermath showed that democracy plays second fiddle to the survival of the union. ...
London could lose out as ECB seeks control of euro clearing after Brexit image
. London is facing renewed pressure over its dominance of the €1tn (£880bn)-a-day euro clearing market after the European Central Bank set out proposals aimed at giving it more oversight of the lucrative business. ...
Queen's speech doesn't help British businesses frozen out of EU space contracts image
.... A new clause introduced into the latest tender documents states that contracts will become void if a supplier is no longer based in an EU member state and that the supplier would be required to meet the financial burden of finding a replacement. As a result, companies with UK headquarters stand to lose out on deals worth hundreds of millions of euros. ...
Markets drop despite French GDP upgrade and strong Eurozone data -- as it happened image
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Greek debt: IMF and EU's quick fix isn't enough | Mohamed El-Erian image
Source : Guardian [Read Article] Thursday 22nd of June 2017 08:29:31 AM
.... Yet, in some cases, there comes a time when refusal to forgive debt is more damaging. European officials know as well as the IMF does that Greece has long been at this stage, turning the country into a permanent “ward of the state” within a eurozone that does not accommodate this outcome well. ...
UK factory orders jump and eurozone confidence hits 16-year high – as it happened image
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Tesco staff 'shocked' as call centre closure puts 1,100 jobs at risk image
Source : Guardian [Read Article] Wednesday 21st of June 2017 02:05:28 PM
....Lewis said last year that retailers faced a “potentially lethal cocktail” as profits slump and costs rise. Rising competition from the discounters Aldi and Lidl has also forced traditional supermarkets to hold down prices at a time of rising costs resulting from the fall in the value of the pound against the euro and the dollar. ...
SFO has clear public interest in pursuing Barclays case | Nils Pratley image
....This is the sensitive field of clearing houses – the institutions that stand behind buyer and seller in a trade. When the trade is an euro-denominated instrument, such as an interest rate swap, the commission wants enhanced supervision or, if that proves unsatisfactory, the power to shift business to the EU. ...
UK caves in to EU demand to agree divorce bill before trade talks image
Source : Guardian [Read Article] Monday 19th of June 2017 06:23:20 PM
. British negotiators have capitulated to key European demands for a phased approach to Brexit talks, agreeing to park discussions on free trade until they have thrashed out the cost of the multibillion-euro UK divorce settlement. ...
 Five minute guide to making mobile calls in the UK image
Source : Daily Express [Read Article] Sunday 18th of June 2017 12:01:00 AM
....uk, says this is good news for holidaymakers heading to France, Spain, Italy and other EU hotspots. “With the pound down sharply against the euro this is one extra cost you do not have to worry about while you are away. ...
Almost 1m UK bank customers will be forced to use new sort codes image
Source : Guardian [Read Article] Friday 16th of June 2017 06:15:07 PM
....Barclays, for instance, has said it will hand out new sort codes over the Easter weekend next year. Twelve months ago, Tushar Morzaria, Barclays’ finance director, compared the looming split to the uncertainty over Y2K or the adoption of the euro and said other banks would also choose the same date in 2018. ...
The eurozone must reform or die | Kenneth Rogoff image
Source : Guardian [Read Article] Friday 16th of June 2017 05:00:00 AM
....True, in the near term, there is much reason for optimism. Over the past year, the eurozone has been enjoying a solid cyclical recovery, outperforming expectations more than any other major advanced economy. ...
Creditors agree terms to disburse Greece's €8.5bn bailout funds image
Source : Guardian [Read Article] Friday 16th of June 2017 12:05:16 AM
.... The rest will be handed over once creditors are satisfied that the nation has complied with reforms. “I am pleased to announce that we have achieved an agreement on all elements,” Eurogroup head Jeroen Dijsselbloem announced after a meeting of eurozone finance ministers in Luxembourg. ...
Greek bailout funds on the cards as creditors narrow differences image
Source : Guardian [Read Article] Thursday 15th of June 2017 05:25:49 PM
.... That amount would exceed earlier proposals. After months of delay, the eurozone indicated it was ready to release the funds, as the International Monetary Fund appeared to back down over its refusal to get involved – a point that had blocked further loans. ...
IT meltdown has cost British Airways £80m so far, says Willie Walsh image
Source : Guardian [Read Article] Thursday 15th of June 2017 12:32:01 PM
....Romero said the last year had seen “very difficult circumstances” for the airline group, with the Brexit vote and subsequent collapse of the pound hitting profits. IAG is heavily dependent on BA’s sterling revenues, but major costs such as fuel and aircraft are paid in dollars, while the group reports in euros. ...
Mulberry says terrorism and election uncertainty may have hit UK sales image
Source : Guardian [Read Article] Wednesday 14th of June 2017 05:00:13 PM
....Two-thirds of the brand’s bags sold outside the UK, and half of those sold in the UK, now come from Mulberry’s latest collections designed by its creative director, Johnny Coca, who also joined from Céline in 2015. Sales at established UK stores rose 5% in the year to 31 March as some London outlets enjoyed double digit growth in tourist visitors on the hunt for bargains prompted by the drop in the value of the pound against the euro and dollar since the Brexit vote last summer. ...
Ex-Barclays director who backed Vote Leave appointed City minister image
Source : Guardian [Read Article] Wednesday 14th of June 2017 04:45:30 PM
....Steve Barclay, who backed the Vote Leave campaign, takes over the brief for the financial district at a time when other cities across the EU are aiming to grab business from the City after Brexit. On Tuesday, Brussels outlined plans that could strip London of its coveted role in clearing financial assets denominated in euros amid warnings this could threaten 100,000 jobs across the UK. ...
Brexit Bond offers top rate of 3% - if savers are RIGHT about UK's exit from EU image
Source : Daily Express [Read Article] Wednesday 14th of June 2017 04:15:00 PM
. The Family Building Society is offering the deal to customers who are willing to either bet on the pound strengthening or weakening against the euro over the next two years. ...
As with everything Brexit, the battle for the City will be messy | Nils Pratley image
....It was billed as the first big Brexit battle for the City of London. Would Brussels launch a raid on London’s lucrative business of clearing €1tn (£880bn) a day of euro-denominated trades, which is what former French president François Hollande wanted when he said “those who seek the end of Europe” needed to be taught “a lesson”? Or would the European commission take the grown-up view that, actually, forcing all this financial activity to take place within the borders of the EU would do more harm than good, even for the EU itself?. ...
Brussels plan could force euro clearing out of UK after Brexit image
Source : Guardian [Read Article] Tuesday 13th of June 2017 06:05:20 PM
. Brussels has published proposals that could force London’s prized euro-clearing trade out of the City after Brexit, as the EU plans for life without Europe’s biggest financial centre. ...
Theresa May's election victory will prove pyrrhic indeed image
Source : Guardian [Read Article] Sunday 11th of June 2017 01:25:35 PM
.... Some voters want to have their cake and eat it. May’s position is not helped by the fact that the UK is at the bottom of an economic cycle while the eurozone is going through one of its better periods. ...
Double whammy for British tourists as pound plunges and prices rise abroad image
. British tourists travelling to the continent this summer will lose hundreds of euros in exchange rates compared with two years ago, as ongoing political turmoil continues to hit sterling. ...
German firms grapple with UK poll result image
Source : BBC [Read Article] Friday 9th of June 2017 11:19:21 AM
....Mr Brodtmann added that the result was "bad news" for German mechanical engineering firms, who export 7. 3bn euros worth to the UK every year, and that there was now an increased risk of no agreement being reached by the 2019 deadline. ...
Election 2017: What now for your finances? image
Source : BBC [Read Article] Friday 9th of June 2017 09:06:04 AM
....The performance of the pound will be closely watched in the coming days, not least by those planning a holiday this summer. Sterling fell sharply against the dollar and the euro following the UK's vote to leave the EU - making the cost of a typical holiday including travel and currency about 12% more expensive since the Brexit vote, according to one estimate. ...
Election 2017 pound latest: Should you buy euros and dollars after hung parliament? image
. Sterling has fallen to its lowest level against the euro since January, and also dived around two per cent against the dollar after hitting eight-month highs in recent months. ...
Body Shop sale moves closer as L'Oreal talks to Natura image
Source : BBC [Read Article] Friday 9th of June 2017 08:11:06 AM
.... . L'Oreal said that Natura had made a "firm" offer valuing the company at 1bn euros (£880m). ...
Take a bow Mario Draghi – has the ECB chief saved the eurozone? image
Source : Guardian [Read Article] Thursday 8th of June 2017 02:21:01 PM
.... Take a bow Mario Draghi. Urged on by its proactive boss, the European Central Bank has achieved what looked impossible until recently: it has got the eurozone economy moving again. ...
Gordon Ramsay's Brexit nightmare: chef hires team to halt rising costs image
....In the accounts, for the 12 months to the end of August 2016, the firm warns: “As a consequence of the referendum in the summer of 2016 there is a great deal of uncertainty about the future direction of the economy. “This will have a number of potential implications including cost pressures due to the inflationary impact of sterling against the euro, recruitment and the general economic climate. ...
ECB forecasts higher growth but keeps rates on hold image
Source : BBC [Read Article] Thursday 8th of June 2017 12:05:28 PM
. The European Central Bank (ECB) has increased its forecasts for economic growth in the eurozone but kept interest rates on hold. ...
Santander and RBS haunted by ghost of financial crisis image
Source : Guardian [Read Article] Wednesday 7th of June 2017 06:00:26 PM
....Santander – a household name in the UK after its takeover of Abbey National, Alliance & Leicester and Bradford & Bingley – paid just €1 to take over Popular but tapped its shareholders for €7bn (£6bn) to cover the bad debts facing the lender. The deal took place hours before the markets opened on Wednesday after an eleventh-hour rescue deal put together by the eurozone’s new banking body, the Single Resolution Board (SRB). ...

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