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....The dashboard for June shows retail sales have dropped, inflation is at a four-year high, wage growth has slowed and the housing market is losing momentum (pdf). The pound has weakened again after Theresa May’s election gamble backfired and she failed to secure a majority in parliament. ... [Read full article on Guardian ]
Thursday 22nd of June 2017 11:01:36 AM
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Latest Finance News related to Gamble

Brexit economy: UK faces slowdown amid living standards squeeze image
Source : Guardian [Read Article] Thursday 22nd of June 2017 11:01:36 AM
....The dashboard for June shows retail sales have dropped, inflation is at a four-year high, wage growth has slowed and the housing market is losing momentum (pdf). The pound has weakened again after Theresa May’s election gamble backfired and she failed to secure a majority in parliament. ...
Co-op Bank has lost £2.6bn since the crisis – but can still bounce back | Nils Pratley image
.... That would be more than odd: it would be bizarre. Instead, the deal in the offing is a gamble born from necessity. ...
Bosses under fire for telling staff to vote Tory or risk losing jobs image
Source : Guardian [Read Article] Monday 12th of June 2017 04:05:44 PM
....”. He said the Tories were “prepared to listen to the evidence” that reducing the maximum stake would not help “problem gamblers”. ...
Relieved RBS bosses should spare a thought for the claimaints image
Source : Guardian [Read Article] Wednesday 7th of June 2017 02:27:31 PM
.... Second, that removing €500m of overheads from Popular will mean only a modest loss of customers. Both gambles could come good, especially if the Spanish economy continues to recover. ...
Tories have ‘shameful record’ on FOBT gambling, says Labour image
Source : Guardian [Read Article] Tuesday 6th of June 2017 05:19:03 PM
. The Labour party has accused the government of failing to act on fixed-odds betting terminals, after data showed that gamblers’ losses are largest in deprived areas and opposition-held constituencies. ...
Labour’s hope doesn’t usually play well in an age of anxiety image
Source : Guardian [Read Article] Saturday 27th of May 2017 04:00:32 PM
.... The anxiety that gripped voters after the 2008 crash is reasserting itself. In this atmosphere it will be even more difficult for Jeremy Corbyn to convince floating voters that now is the time to increase the size of the state and do it with a calculated gamble on future tax receipts. ...
The Guardian view on the economy: it’s bad | Editorial image
Source : Guardian [Read Article] Wednesday 17th of May 2017 06:48:00 PM
.... There’s a good reason why governing parties are usually reluctant to go to the country if voters are getting poorer: when they do, they lose. Historical precedent therefore suggests Theresa May is taking a gamble by holding an election on 8 June. ...
Labour gambles on tax and spend – but will the public back it? | Larry Elliott image
....Assumption number two is that the public will wear tax increases because they will only be levied on companies and the better off. The gamble is that on tax, if not welfare or immigration, Britain has moved to the left over the past decade, with bubbling public anger at “fat cat” pay and the widening gap between rich and poor. ...
Online betting firm 888 investigated by watchdog image
Source : Guardian [Read Article] Monday 15th of May 2017 02:37:15 PM
. Online gambling company 888 is being investigated by the industry regulator, which has the power to strip betting firms of their licence to do business, amid concern over the tools it uses to help problem gamblers. ...
Dramatic minimum wage rises will put low-paid jobs at risk, says IFS image
Source : Guardian [Read Article] Wednesday 10th of May 2017 05:47:26 PM
.... Since we do not know where that point is, sudden large increases are risky. “Labour’s proposal to rapidly extend a £10-per-hour minimum wage to 18-24-year-olds, regardless of the state of the economy in 2020, is a particular gamble. ...
MPs' report on FOBTs found to breach parliamentary standards image
Source : Guardian [Read Article] Wednesday 3rd of May 2017 05:51:21 PM
....The ABB has said there is no evidence to suggest that FOBTs fuel problem gambling and argues that thousands of jobs would be lost, as well as millions of pounds due to the Treasury, if they are reined in. The dispute has led to accusations from addiction campaigners that the two sides of the industry are waging a propaganda war that is sidelining the needs of problem gamblers. ...
Green Investment Bank sell-off: only time will tell how green it is | Nils Pratley image
.... He’s betting that the interests of a bank known as Australia’s answer to Goldman Sachs will coincide with the ambitions of UK policy on green infrastructure. Let’s see how, five years from now, that gamble has worked out in practice. ...
Tesco shares tumble despite first UK growth in seven years image
Source : Guardian [Read Article] Wednesday 12th of April 2017 06:26:58 AM
....5% to £320m, due in part to a price war in Poland. Black suggested the severe share price fall was more to do with “fast money being disappointed and buggering off somewhere else” after taking a gamble on Tesco in the wake of its proposed £3. ...
Bookmakers' software under scrutiny image
Source : BBC [Read Article] Wednesday 5th of April 2017 02:32:06 PM
....It has found in favour of two punters who complained about software being downloaded on to their computers without their permission. The gamblers believe the software could be used to track their betting history and close their accounts if they win. ...
Two million workers receive 4% pay rise image
Source : BBC [Read Article] Friday 31st of March 2017 09:17:02 PM
....She hit financial difficulties and sought help from debt charity Christians Against Poverty. The CBI, which represents businesses and suggested the introduction of the National Living Wage was a "gamble", said it was supportive of a living wage but research suggested half of its members had been impacted by the rising minimum pay level. ...
It feels as if I’ve been hung out to dry by John Lewis over discounted machine image
....We first wondered how many people would spend £1,249 on a tumble dryer – this model apparently uses ground-breaking sensor technology, which is not much use when it doesn’t work. However, your complaint does raise some interesting issues, not least whether you were entitled to the same protection in the guarantee/warranty as if you had paid the full amount – and the gamble of buying shop-soiled products where the price may seem too good to be true. ...
‘Corrupt firms can make troublemakers’ lives intolerable’ – our work expert responds image
.... Your boyfriend doesn’t yet have the skills needed to make the money he’d like from operating. He needs to make assisting his full-time job; this is not compatible with his current job and is a big gamble – but there is no part-time way into film and TV. ...
Gamblers 'lost more than £10,000' on fixed-odds betting terminals image
Source : Guardian [Read Article] Sunday 12th of March 2017 03:49:55 PM
. Seven gamblers lost more than £10,000 in a day while using controversial fixed-odds betting terminals (FOBTs) during a 10-month period, it has emerged. ...
Britons like vodka and Nike and won't consider Airbnb, survey reveals image
Source : Guardian [Read Article] Sunday 12th of March 2017 03:42:14 PM
. Britain is a nation of vodka drinkers who wear Nike, prefer to gamble at Ladbrokes and don’t realise Brexit will make life more expensive, according to a consumer survey by HSBC. ...
Few will spot the difference in national insurance – at first | Patrick Collinson image
.... On the other hand, women outnumber men by three to two when it comes to low-paid, part-time self-employed work. Hammond is taking a gamble that Britain’s electricians and plumbers aren’t going to let a £300 tax hike push them into Jeremy Corbyn’s arms. ...
Philip Hammond’s budget – our writers give their views | Polly Toynbee, Zoe Williams, Frances Ryan, Faiza Shaheen and Kate Maltby image
.... Remember how the Brexiteers promised more for everything, especially for the NHS? Now, with borrowing up £100bn more than expected before that referendum vote, and the pound devalued, they will be forced to admit it has meant less, with probable earthquakes to come. The chancellor doesn’t look like a gambler – but giving nothing at all to the NHS is a high-stakes risk. ...
The Observer view on the Snap flotation | Observer editorial image
Source : Guardian [Read Article] Sunday 5th of March 2017 12:04:29 AM
.... Investors have been piling in behind newly listed tech companies with an enthusiasm not seen since the 1990s dotcom boom. They take huge gambles that sometimes, as in the case of Facebook, pay off handsomely, but which sometimes, as with Twitter, make for a disastrous bet. ...
Blair is right on Brexit: parliament must have a democratic debate | Anatole Kaletsky image
....Former UK prime minister Tony Blair’s recent call for voters to think again about leaving the EU, echoed in parliamentary debates ahead of the government’s official launch of the process in March, is an emperor’s new clothes moment. Although Blair is now an unpopular figure, his voice, like that of the child in Hans Christian Andersen’s story, is loud enough to carry above the cabal of flatterers assuring Theresa May that her naked gamble with Britain’s future is clad in democratic finery. ...
Betting turf war is torpedoing efforts to help problem gamblers image
Source : Guardian [Read Article] Tuesday 21st of February 2017 07:00:02 AM
....The machines have been publicly reviled as the “crack cocaine of gambling”, a phrase thought to have been coined by President Donald Trump when he was running casinos to draw attention to video game bingo, which posed a threat to his business. GambleAware chief executive Marc Etches said that while attention should be paid to FOBTs, which allow punters to stake £100 every 20 seconds, ignoring other types of gambling was a “disservice” to problem gamblers. ...
Lloyd's alcohol ban challenges City of London's drinking culture image
Source : Guardian [Read Article] Friday 17th of February 2017 06:14:58 PM
.... One is amply illustrated by the case of City trader David Redmond, who returned to his office at Morgan Stanley after a no doubt excellent three-hour lunch, and embarked on a few hours of enthusiastic trading before stumbling home, pleased with his day’s work. It was only the following morning that he realised he had gambled with more than $10m – earning him the sack and a two-year ban from the City. ...
Power tools and sausage sizzles: meet the new Aussie face of Homebase image
Source : Guardian [Read Article] Wednesday 1st of February 2017 05:11:27 PM
....Bunnings is an institution down under, famous for its customer service, massive range of products and low prices. It took a big gamble with last year’s purchase of Homebase chain for £340m. ...
Booker Tesco deal has hedge funds in a funk image
Source : Guardian [Read Article] Sunday 29th of January 2017 07:00:17 AM
....” As this page is fond of pointing out, that’s how Robert De Niro’s character, Ace Rothstein, explained the gambling industry in the 1995 film Casino. Remember his words this week, when the Fixed Odds Betting Terminals (FOBT) All Party Parliamentary Group publishes its report on those controversial betting machines in bookies’ shops, which allow punters to gamble on games such as roulette. ...
Uber: the app that changed how the world hails a taxi image
Source : Guardian [Read Article] Sunday 29th of January 2017 07:00:17 AM
.... Trying to hail a cab in the outer neighbourhoods near the ocean, or even downtown on a weekend night, was an exercise in futility. Getting a cab to take you to the airport was a stomach-churning gamble that could easily result in a missed flight. ...
Paddy Power Betfair takes £5m hit from Trump election win image
Source : Guardian [Read Article] Monday 23rd of January 2017 12:30:32 PM
....The “unexpected US election outcome”, in which Trump triumphed over Hillary Clinton in November, cost the bookmaker £5m as it paid out to punters who backed him for the White House. The impact was exacerbated by the group’s decision to pay out £800,000 to gamblers who backed Hillary Clinton even before the polls closed, on the assumption that the Democrat candidate would win. ...
Bookmakers face losing their licence and huge fines over problem gambling image
....She said that the regulator would not allow companies to spend months negotiating settlement deals, where they agreed to a voluntary payment when they misbehaved. Last year, the commission arranged voluntary settlements with bookmakers such as Paddy Power, which agreed to pay £280,000 after it was found to have encouraged a problem gambler until he lost five jobs, his home and access to his children. ...
William Hill tells staff to shine torches through rival bookies' windows image
Source : Guardian [Read Article] Friday 13th of January 2017 06:12:54 PM
. William Hill has been accused of “appalling” behaviour after encouraging torch-waving staff to visit rival bookmakers and lure gamblers into its own shops with the promise of free bets. ...
Jingle tills image
Source : BBC [Read Article] Thursday 12th of January 2017 01:08:49 PM
....Chief executive Ray Kelvin told the Press Association: "We were hedged for two years and we have one year left on that. We're a public company, we don't gamble with things like this, plus we also have a big dollar income. ...
Fancy a career change? Look before you make your leap image
Source : Guardian [Read Article] Monday 9th of January 2017 07:00:10 AM
.... According to research by Standard Life, more than half of UK workers would like to completely change careers. For many, however, switching careers is a huge financial gamble. ...
Next warns on outlook as sales fall image
Source : BBC [Read Article] Wednesday 4th of January 2017 07:34:13 AM
.... . "Next took a gamble on keeping their sales full price in the run-up to Christmas, it's what they usually do, and they usually use the sales to try and get people into the shops afterwards," said Kirsty McGregor of Drapers magazine. ...
Economists dispute claim that Brexit could create 400,000 jobs image
Source : Guardian [Read Article] Tuesday 3rd of January 2017 10:27:25 AM
.... “Leaving the customs union would at a stroke deny us access to the economies of 50 countries. It would gamble British jobs on foreign trade agreements that are years from being struck,” he said. ...
James Packer retreats from China with sell-off of Crown's overseas casinos image
Source : Guardian [Read Article] Thursday 15th of December 2016 05:58:11 AM
....The change of strategy and retreat from China means Crown will become almost entirely focused on Australia where Packer has punted billions on the success of his luxury casino and hotel development at Barangaroo in Sydney. But with the controversial waterfront scheme built on attracting ultra-wealthy gamblers from China, questions remain as to whether it can avoid the same problems as the Macau business, which has been hit by Beijing’s crackdown on high rollers. ...
Japan parliament legalises casinos image
Source : BBC [Read Article] Thursday 15th of December 2016 12:38:33 AM
....An estimate by Daiwa Research Institute suggests that just three casinos in Japan could earn annual profits of $10bn. But it added that Japan would also have to differentiate itself to attract gamblers in Asia who already can choose to visit casinos in Singapore, Macau, the Philippines, and South Korea. ...
Problem gambling costs UK up to £1.2bn a year, says report image
Source : Guardian [Read Article] Tuesday 13th of December 2016 08:00:51 AM
....The report identifies groups of people who are particularly at risk of becoming addicted to gambling and suffering harm as a result. People aged 16 to 24 are least likely to gamble, but those in that age bracket who do so are more likely to develop a problem. ...
We’ll get a Brexit that suits Europe, not one that suits us image
Source : Guardian [Read Article] Sunday 11th of December 2016 07:00:20 AM
....”. He goes on: “David [Cameron]’s chancer-like gamble, taken for tactical internal party-management reasons, turned out to be the worst political mistake made by any British prime minister in my lifetime. ...
Cut fixed-odds betting stakes to £2, MPs urge image
Source : Guardian [Read Article] Thursday 8th of December 2016 12:28:54 PM
. The amount gamblers can stake on controversial fixed-odds betting terminals (FOBTs) should be slashed and councils given powers to stop bookmakers “clustering” betting shops on high streets, an influential group of MPs has said. ...
Capita shares plunge after profit warning image
Source : BBC [Read Article] Thursday 8th of December 2016 09:18:21 AM
....Despite Capita's fall, the FTSE 100 index closed up 30 points at 6,932. In the FTSE 250, shares in bookmakers were hit after MPs recommended that the maximum amount gamblers can stake on fixed-odds betting machines should be cut from £100 to £2. ...
McCluskey triggers early Unite general secretary election image
Source : BBC [Read Article] Tuesday 6th of December 2016 05:29:48 PM
....Unite is Labour's biggest doner and provided Mr Corbyn's leadership campaign with cash, manpower and office space for phone bank volunteers. Len McCluskey's move is a gamble. ...
What is financial spread betting and why do most people lose at it? image
Source : Guardian [Read Article] Tuesday 6th of December 2016 04:01:53 PM
.... It is rare to get a City fund manager who consistently outperforms the market over the long run, so what chance has the dentist from Dumbarton or the teacher from Truro got?. Secondly, the way these bets are structured puts the gambler at a disadvantage. ...
Spread-betting industry loses £1bn after City watchdog steps in image
Source : Guardian [Read Article] Tuesday 6th of December 2016 09:31:02 AM
....AIM-listed Plus500 lost 28%, or £160m, as its shares tumbled to 388p, and shares in Playtech, which makes gambling software, also fell. CFDs are derivative products that allow people to gamble on price movements in shares, commodities and currencies without owning them. ...
Oil price surges as Opec agrees first cut in output since 2008 image
Source : Guardian [Read Article] Wednesday 30th of November 2016 05:40:40 PM
....The price of oil has fallen from $115 a barrel since the summer of 2014 as a result of weak demand and the decision by Riyadh to keep production levels high. Saudi Arabia gambled that it could drive higher-cost US shale producers out of business but found the financial cost of more than halving the oil price too much to bear. ...
Nearly half a million children a week gamble, says UK regulator image
Source : Guardian [Read Article] Wednesday 30th of November 2016 04:19:55 PM
. Nearly half a million children a week gamble and 9,000 are problem gamblers, according to a study by the industry regulator. ...
450,000 kids gamble every week image
Source : Independent [Read Article] Wednesday 30th of November 2016 10:11:00 AM
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Crown Resorts staff held in China are formally arrested image
Source : BBC [Read Article] Wednesday 23rd of November 2016 04:38:34 AM
....Crown Resorts, controlled by Australian billionaire James Packer, is yet to comment on the latest development. But like other casino groups across Asia, it sees wealthy Chinese gamblers as an important part of their business. ...
Battle of the barnets image
Source : BBC [Read Article] Thursday 17th of November 2016 12:10:07 AM
....". In contrast to Ms Angel, The Hairdrobe's Timothy Connor admits that he initially thought "it was a bit of a gamble" to create a Trump wig, saying "we weren't sure how well they would do". ...
United Airlines to stop Belfast to New York flights image
Source : BBC [Read Article] Friday 4th of November 2016 01:38:16 PM
....But before now each had been mindful Europe could scupper a hastily arranged £9m rescue deal. However, the gamble was considered worth taking, as without it United would have pulled out earlier. ...
Premium Bonds may return zero on savers money warn experts image
Source : Daily Express [Read Article] Wednesday 2nd of November 2016 08:15:00 AM
....More than 21million savers, equivalent to one in three Britons, now hold a total of £63billion worth of bonds. However, financial experts warn that Premium Bonds are a gamble and savers risk getting a zero return on their money. ...
Football Pools sale called off by owner Sportech image
Source : BBC [Read Article] Tuesday 1st of November 2016 09:25:47 AM
....The company said it would "continue to focus on maximising opportunities for the business". The Football Pools, the world's oldest football gaming business, were once the main way to gamble on football, boasting 10 million customers at its height. ...
Government to review 'fixed-odds' gambling machines image
Source : BBC [Read Article] Monday 24th of October 2016 04:26:46 PM
....The Gambling Commission, which regulates the industry, said it was an "excellent opportunity" for all those with an interest in gambling to have their say. The Association of British Bookmakers has previously stated that any review should be "evidence-based and not unfairly penalise the majority who gamble responsibly and enjoy their leisure pursuit". ...
Online gambling companies probed by CMA over winnings image
Source : BBC [Read Article] Friday 21st of October 2016 05:01:25 AM
....". Maria Casino told Chris he had an account with its sister company Unibet, and he had used a self-exclusion feature on the site - something introduced by the Gambling Commission to help problem gamblers. ...
Australian casino shares tumble after China arrests image
Source : BBC [Read Article] Monday 17th of October 2016 06:58:25 AM
....Among those arrested was a senior executive in charge of attracting high-rollers to Australia. Most gambling is illegal on mainland China, and soliciting its citizens to gamble overseas is also banned. ...
Low paid 'miss out on flexible working' image
Source : BBC [Read Article] Tuesday 4th of October 2016 11:07:51 PM
.... . She gambled her savings on converting a run-down shop on Cheshire's Lymm high street into a modern beauty salon complete with crèche facilities for clients who pop in for a manicure or blow dry. ...
Nuclear submarines construction set to start image
Source : BBC [Read Article] Saturday 1st of October 2016 02:30:30 PM
....Defence Secretary Michael Fallon said the deal would secure thousands of highly-skilled jobs across the UK. "This shows the government will never gamble with our national security. ...
Wanda steps up rivalry against Disney in China with second park image
Source : BBC [Read Article] Monday 26th of September 2016 06:08:18 AM
....Disney's $5. 5bn gamble in Shanghai is a behemoth of an entertainment complex. ...
YouTuber Nepenthez charged over video game gambling site image
Source : BBC [Read Article] Friday 16th of September 2016 11:08:40 AM
....Mr Douglas makes gaming videos on YouTube under the pseudonym Nepenthez. He is also charged with inviting children to gamble. ...
Football Pools to be sold for nearly £100m image
Source : BBC [Read Article] Tuesday 13th of September 2016 07:20:38 AM
....25m by current owners Sportech to a group of gambling industry investors. Sportech wants to sell the betting firm, which began 93 years ago and was once the main way to gamble on football, to focus on its US business. ...
Bets are off image
Source : BBC [Read Article] Monday 5th of September 2016 11:34:47 PM
....Ladbrokes hasn't received a single request for odds on the Paralympics yet, he says. William Hill's Joe Crilly says odd-setters and gamblers face a huge range of sports and disciplines at the Games - even more so for the Paralympics, which has 200 more events than the Olympics because of extra classifications for different disabilities. ...
Meet the professional online gambler image
Source : BBC [Read Article] Monday 22nd of August 2016 06:01:17 AM
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Britain's vast national gamble on wind power may yet pay off
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Source : Telegraph [Read Article] Sunday 14th of August 2016 04:11:07 PM
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UK weather: Britain set to sizzle next week as mercury hits 30C
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Source : Telegraph [Read Article] Monday 8th of August 2016 02:05:49 PM
....5C will be broken in the UK this summer. John Hill, a spokesman for Coral, said: "If the forecasts are correct, we have a two-week heatwave to look forward to this month which has promoted a gamble on this August being the hottest ever and for the record high temperature to be broken in the UK this summer. ...
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I thought I'd found my first home – instead I found Japanese knotweed image
.... Perhaps I took the coward’s route by withdrawing, especially as there had apparently been no recent regrowth, but for me the risks were just too high. Investing £20,000 of hard-earned cash and borrowing nigh on £120,000 to live in a place I might struggle to sell was too much of a gamble. ...

Pension freedoms under threat for millions of final salary savers
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Source : Telegraph [Read Article] Sunday 31st of July 2016 09:00:00 PM
.... . "It seems the only people willing to support the triple lock are vote hungry members of the government, but they should think long and hard about the gamble they are taking with younger generations' futures. ...

Early election? Theresa May must fantasise about the prize of trouncing Labour
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.... Like a bewitching casino croupier, it tells the prime minister of the day that he or she can increase their majority and secure their own mandate with just one more roll of the dice. It is a double-or-nothing gamble. ...

Saudi Arabia renews fatwa for Pokémon Go
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Source : Telegraph [Read Article] Wednesday 20th of July 2016 05:54:52 PM
....Crosses in the game are a symbol of Christianity, while other symbols are associated with polytheism, says the edict. Additionally, the edict states parents are using the game to punish and reward children, while warning that adults could gamble away money playing the game. ...
Inside Bombardier's 'giant gamble' image
Source : BBC [Read Article] Thursday 14th of July 2016 10:01:37 AM
....Bombardier was showing off its new aircraft at the Farnborough Airshow, ahead of the plane's commercial debut this week when airline Swiss begins flights. The BBC's Theo Leggett went to Farnborough to look inside a 'giant gamble' that almost brought Bombardier to its knees. ...
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Post-WWII baby-boomer pensioners to be optimistic after fallout from Brexit image
....” Guy Myles, founder and chief executive of financial advisers Flying Colours, says rising life expectancy means that many people could be in retirement for as long as 30 years and for that reason should favour income drawdown. “Investing in the stock market is not really a gamble if you take the long view. ...
Legal & General looks set to weather Brexit storm image
Source : Guardian [Read Article] Tuesday 28th of June 2016 07:17:48 PM
. Sir John Kingman has never chaired a public company, let alone been an important member of the FTSE 100 index, but suddenly his arrival at Legal & General looks inspired, or at least less of a gamble. ...

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