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Socially Most Trending News

....Britain’s air quality package also includes £1bn in ultra-low emissions vehicles including investing nearly £100m in the UK’s charging infrastructure and funding the ”plug-in car” and “plug-in grant” schemes. There will also be £290m for the national productivity investment fund, which will go towards the retrofitting, and money towards low-emission taxis. ... [Read full article on Guardian ]
Tuesday 25th of July 2017 09:38:22 PM
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....The government announced in 2015 that it was “pausing” electrification of the Midland mainline, but insisted the work would be completed. The announcement that the line to Nottingham and Sheffield will be served by bi-mode trains using diesel engines confirmed that Network Rail’s budget overruns will leave large parts of the country without the “electric spine” that the government had boasted would bring more capacity and increase jobs and investment. ... [Read full article on Guardian ]
Thursday 20th of July 2017 11:21:48 AM
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....Sebastian O’Kelly, whose Leasehold Knowledge Partnership has been the sharpest critic of abusive practices, welcomed the ban. He said: “Leasehold houses are an absolute racket: a means by which developers have managed to turn ordinary people’s homes into long-term investment vehicles for shadowy investors, often based offshore. ... [Read full article on Guardian ]
Monday 24th of July 2017 11:01:37 PM
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....“If you want to control the cost of energy, and deliver energy to consumers and to businesses across the UK at the most competitive price, why would you not want to use this technology? This report demonstrates it’s at the leading edge of efficiency,” he said. The big six energy firm believes that with a cap on top-up payments so close to the wholesale price, onshore windfarms would be effectively subsidy-free – but the guaranteed price would be enough to de-risk projects and win the investment case for them. ... [Read full article on Guardian ]
Sunday 23rd of July 2017 05:03:35 PM
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. Almost 40% of corporate investments channelled away from authorities and into tax havens travel through the UK or the Netherlands, according to a study of the ownership structures of 98m firms. ... [Read full article on Guardian ]
Tuesday 25th of July 2017 06:07:55 PM
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.... Amazon has taken all 15 storeys of the Principal Place building, which covers 600,000 sq ft, making it one of the biggest corporate headquarters in the city. Matt Hancock, the minister for digital, said: “This is great news for Britain, Amazon’s increased investment in developing cutting-edge technology in London is another vote of confidence in the UK as a world-leading centre of creativity and innovation. ... [Read full article on Guardian ]
Tuesday 25th of July 2017 11:34:21 AM
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.... Leave London, with its favourable regulation and amenable political class, its convenient red-eye flights to New York and thriving cultural scene? Sure, the option was there if the climate ever became too hostile, but few really expected it to do so. During the 2009 furore over the government’s plans to levy a supertax on bankers’ bonuses, I recall colleagues in the private investment firm where I worked scoffing at their own industry’s threats to relocate from the UK due to the punitive legislation. ... [Read full article on Guardian ]
Friday 21st of July 2017 08:00:13 AM
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. A £246m investment in developing battery technology in Britain is to be launched by the government as part of its drive towards what it says is a modern industrial strategy. ... [Read full article on Guardian ]
Sunday 23rd of July 2017 11:01:20 PM
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....”. A spokesman for Pepsico, singled out by RAN as “the ultimate snack food 20 laggard”, said “We take this issue very seriously, and we are making significant investments to improve every aspect of our palm oil supply chain. ... [Read full article on Guardian ]
Friday 21st of July 2017 01:07:23 PM
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.... Fiscal policy – tax and spending – is a more powerful weapon when interest rates are at rock-bottom levels and should have been used more aggressively. Cutting back on public investment was a mistake that has only partly been rectified. ... [Read full article on Guardian ]
Sunday 23rd of July 2017 12:35:11 PM
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....After a somewhat acrimonious departure, Mellon last year unsuccessfully sued her former employer for millions of pounds in damages claiming it had tried to sabotage her new business, a luxury footwear bearing her own name, by allegedly trying to prevent its suppliers from producing her designs. Jimmy Choo’s majority shareholder JAB Luxury, the investment arm of Germany’s billionaire Reimann family, put the firm up for sale in April. ... [Read full article on Guardian ]
Tuesday 25th of July 2017 08:00:16 AM
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.... This week the firm reported profits had plunged 40% in the second quarter on its bond, currency and commodities trading desks. All the other big names in the US investment banking world saw bond trading profits dive in the three months to the end of June, save for age-old Goldman rival Morgan Stanley, which restricted the loss to 4%. ... [Read full article on Guardian ]
Saturday 22nd of July 2017 07:00:32 AM
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....The government’s tax credit system has proved hugely successful in stopping big-budget film and TV productions, as well as talent such as games makers and special effects workers, going to cheaper locations such as eastern Europe or to other countries offering bigger incentives. It has also helped attract investment from the deep-pocketed newer arrivals on the film and TV scene, such as Netflix and Amazon, which have backed productions in the UK including The Crown, which had a total budget of £100m, and fashion drama series The Collection. ... [Read full article on Guardian ]
Thursday 20th of July 2017 05:30:42 PM
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....The UK risks being marginalised after Brexit if it does not revitalise its infrastructure to engage with the huge markets developing in central Asia. But the UK government’s recent transport investment strategy virtually ignores the greatest infrastructure programme the world has ever seen. ... [Read full article on Guardian ]
Monday 24th of July 2017 06:23:29 AM
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....The Fund said that while the risk of a repeat of the electoral shocks of 2016 – Brexit and Trump’s presidential victory – had declined, policy uncertainty remained at a high level and could rise further. It singled out “difficult-to-predict US regulatory and fiscal policies, negotiations of post-Brexit arrangements, or geopolitical risks”, all of which it said could harm confidence, deter private investment, and weaken growth. ... [Read full article on Guardian ]
Monday 24th of July 2017 04:45:27 AM
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....But Nigel Yeo, partner at financial planners The Private Office, adds savers should ask themselves whether they necessarily need a higher return. “If it gets you what you want in life then maybe you are better off not jumping head first into riskier investments. ... [Read full article on Guardian ]
Monday 24th of July 2017 06:00:28 AM
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....8%. Policymakers are hoping that stronger exports and business investment will help to offset a downturn in consumer spending. ... [Read full article on Guardian ]
Monday 24th of July 2017 05:01:27 AM
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.... When homeowners ask to buy the freehold back, they are frequently asked for £40,000 or more. A rent that doubles every ten years is effectively a return on investment of 7% a year. ... [Read full article on Guardian ]
Tuesday 25th of July 2017 03:05:21 PM
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....During the last few years, developers – particularly in the north-west of England – have been increasingly selling houses as leasehold that would traditionally have been freehold, with clauses that allow the ground rent to rise dramatically in later years. In many cases the developers sell on the freeholds to third parties – often offshore investment companies. ... [Read full article on Guardian ]
Tuesday 25th of July 2017 05:13:28 PM
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....Lucia Puttrich, Europe minister in the government of the state of Hesse, told the Guardian she had been in talks with several banks about expanding their presence in Frankfurt or the Rhine-Main area. US investment bank Morgan Stanley is the latest to choose the German city as the site of its post-Brexit European hub, it emerged this week, following official announcements from seven other banks, including Goldman Sachs and Standard Chartered, that they will expand operations in Frankfurt. ... [Read full article on Guardian ]
Friday 21st of July 2017 05:53:07 PM
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....“The UK cinema industry is enjoying a period of exceptional success,” said Phil Clapp, chief executive of the UK Cinema Association. “UK audiences are responding positively not just to a diverse and high quality film slate, but also it seems to unprecedented levels of investment in all aspects of the cinema-going experience. ... [Read full article on Guardian ]
Wednesday 26th of July 2017 02:44:53 PM
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....A Long Harbour spokesman said it met all of its tax obligations, adding that investors in its unit trusts and limited partnerships “are responsible for payment of any of their own taxes”. He added: “The investment funds in the Long Harbour ground rent fund are UK-based pension and life assurance funds seeking a long-term inflation-proof income and as such are tax exempt. ... [Read full article on Guardian ]
Wednesday 26th of July 2017 05:00:32 AM
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.... In 2005, they voted in favour. The next year, a figure was agreed for the government’s capital investment in the scheme – £114m – and in 2009 a preferred bidder was announced, the Regenter Myatts Field North Limited consortium – a joint venture between the global infrastructure giant John Laing Investments Ltd and Pinnacle Regeneration Group. ... [Read full article on Guardian ]
Friday 21st of July 2017 05:00:09 AM
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.... “Looking beyond the current financial year, we would expect the decline in the budget deficit to resume if current tax and spending plans are maintained. This should give the chancellor some room for manoeuvre in his autumn budget to ease up on austerity in priority areas like health, social care, policing and housing investment,” he said. ... [Read full article on Guardian ]
Friday 21st of July 2017 11:29:19 AM
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.... For those who can afford them – for well-heeled members of the upper middle class with adequate disposable income who have been able to fund their retirement plans, they’re wonderful. They are the single most attractive investment vehicle around, from a tax perspective: money goes in, accumulates and is withdrawn without ever being taxed (as long as you use it to pay for qualified medical expenses, which includes a large array of stuff, including eyeglasses). ... [Read full article on Guardian ]
Tuesday 25th of July 2017 11:00:05 AM
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.... Now it is scrapped, and ministers say at least people will not have to put up with unsightly masts. If it is bad news for communities whose railways will never reach the improved level of service promised, it also marks a moment where the dial is turning down of investment in the UK’s rail network. ... [Read full article on Guardian ]
Saturday 22nd of July 2017 03:00:41 PM
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....Newcastle United owner and Sports Direct boss Mike Ashley has won a high court battle over a £15m deal allegedly made in a London pub, calling time on a case that will be long remembered for days of evidence concerning excessive alcohol consumption. The case revolved around investment banker Jeffrey Blue’s allegation that during a “night of heavy drinking” at the Horse and Groom pub near Sports Direct’s Oxford Street store in January 2013, Ashley agreed to pay him £15m if the company’s shares doubled to £8. ... [Read full article on Guardian ]
Wednesday 26th of July 2017 09:30:42 AM
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....”. A government spokesman said: “The UK-US working group is dedicated to strengthening our already strong bilateral trade and investment relationship now, and post-Brexit. ... [Read full article on Guardian ]
Saturday 22nd of July 2017 07:52:58 PM
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....• The value of the income generated from company profits and wages - known as the income measure. • The value of goods and services purchased by households, government, business (in terms of investment in machinery and buildings) and from overseas - known as the expenditure measure. ... [Read full article on Guardian ]
Wednesday 26th of July 2017 09:19:12 AM
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....Sports Direct had to issue a profit warning last October after a bet designed to protect itself against a slump in sterling went wrong, causing it to lose £15m in the currency markets during an overnight “flash crash” in the value of sterling in the east Asia. Ashley told City analysts that he was now expecting a better UK performance at Sports Directs partly because the company had “smashed the ball out of the park” with its investment in more up-market flagship stores. ... [Read full article on Guardian ]
Thursday 20th of July 2017 06:53:53 AM
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Latest Finance News related to Investment

ITV's buoyant share price suggests Love Island isn't a blip on the chart | Nils Pratley image
.... One can understand why. In a TV land that is supposedly in the early stages of revolution – consider the investment buzz around Netflix, now valued at a colossal $78bn (£60bn) – ITV’s 16% slump in interim pre-tax profits to £259m carried a hint that the storm outside is not intensifying. ...
THIS is how much savers are taking from pensions: How do YOU compare? image
Source : Daily Express [Read Article] Wednesday 26th of July 2017 03:42:00 PM
....It comes after the financial regulator recently warned that mistrust in pensions was prompting people to take retirement cash and put it in low return savings accounts. More than half of over-55s taking cash out of pensions are simply putting the money into other savings or investments, according to the FCA. ...
Carmakers say fossil-fuel vehicle ban will dent industry and stall sales image
Source : Guardian [Read Article] Wednesday 26th of July 2017 03:15:14 PM
.... The head of its driverless car unit, Jim Hackett, was handed the top job. The switch to electric cars will require a significant investment by carmakers, experts said, as the companies re-skill their workforces, invest in research and development and retool their manufacturing facilities. ...
UK film industry on a roll as it helps keep economy growing image
Source : Guardian [Read Article] Wednesday 26th of July 2017 02:44:53 PM
....“The UK cinema industry is enjoying a period of exceptional success,” said Phil Clapp, chief executive of the UK Cinema Association. “UK audiences are responding positively not just to a diverse and high quality film slate, but also it seems to unprecedented levels of investment in all aspects of the cinema-going experience. ...
Mike Ashley wins high court battle over '£15m pub deal' image
Source : Guardian [Read Article] Wednesday 26th of July 2017 09:30:42 AM
....Newcastle United owner and Sports Direct boss Mike Ashley has won a high court battle over a £15m deal allegedly made in a London pub, calling time on a case that will be long remembered for days of evidence concerning excessive alcohol consumption. The case revolved around investment banker Jeffrey Blue’s allegation that during a “night of heavy drinking” at the Horse and Groom pub near Sports Direct’s Oxford Street store in January 2013, Ashley agreed to pay him £15m if the company’s shares doubled to £8. ...
Hammond admits UK consumers hurt by pound's fall as GDP grows by 0.3% image
Source : Guardian [Read Article] Wednesday 26th of July 2017 09:19:12 AM
....• The value of the income generated from company profits and wages - known as the income measure. • The value of goods and services purchased by households, government, business (in terms of investment in machinery and buildings) and from overseas - known as the expenditure measure. ...
Virtual reality hit when I tried to cash in my bitcoins image
Source : Guardian [Read Article] Wednesday 26th of July 2017 06:00:33 AM
.... It can be sold on online exchange sites for real money and transferred into the buyer’s virtual wallet, but these wallets are vulnerable to hackers and bitcoin transactions are not regulated so there’s no compensation. A number of sellers have lost their investments after falling victim to hackers, but in your case it seems the buyers were genuine. ...
Ground rents: aristocrats and shell firms among those making millions image
Source : Guardian [Read Article] Wednesday 26th of July 2017 05:00:32 AM
....A Long Harbour spokesman said it met all of its tax obligations, adding that investors in its unit trusts and limited partnerships “are responsible for payment of any of their own taxes”. He added: “The investment funds in the Long Harbour ground rent fund are UK-based pension and life assurance funds seeking a long-term inflation-proof income and as such are tax exempt. ...
Britain to ban sale of all diesel and petrol cars and vans from 2040 image
Source : Guardian [Read Article] Tuesday 25th of July 2017 09:38:22 PM
....Britain’s air quality package also includes £1bn in ultra-low emissions vehicles including investing nearly £100m in the UK’s charging infrastructure and funding the ”plug-in car” and “plug-in grant” schemes. There will also be £290m for the national productivity investment fund, which will go towards the retrofitting, and money towards low-emission taxis. ...
Netherlands and UK are biggest channels for corporate tax avoidance image
Source : Guardian [Read Article] Tuesday 25th of July 2017 06:07:55 PM
. Almost 40% of corporate investments channelled away from authorities and into tax havens travel through the UK or the Netherlands, according to a study of the ownership structures of 98m firms. ...
Victims of ground rent scandal demand action on existing abuses image
Source : Guardian [Read Article] Tuesday 25th of July 2017 05:13:28 PM
....During the last few years, developers – particularly in the north-west of England – have been increasingly selling houses as leasehold that would traditionally have been freehold, with clauses that allow the ground rent to rise dramatically in later years. In many cases the developers sell on the freeholds to third parties – often offshore investment companies. ...
Leasehold houses and the ground rent scandal: all you need to know image
Source : Guardian [Read Article] Tuesday 25th of July 2017 03:05:21 PM
.... When homeowners ask to buy the freehold back, they are frequently asked for £40,000 or more. A rent that doubles every ten years is effectively a return on investment of 7% a year. ...
Amazon to double number of R&D staff in London image
Source : Guardian [Read Article] Tuesday 25th of July 2017 11:34:21 AM
.... Amazon has taken all 15 storeys of the Principal Place building, which covers 600,000 sq ft, making it one of the biggest corporate headquarters in the city. Matt Hancock, the minister for digital, said: “This is great news for Britain, Amazon’s increased investment in developing cutting-edge technology in London is another vote of confidence in the UK as a world-leading centre of creativity and innovation. ...
Good for the rich, bad for the poor: Trump’s healthcare plan is a lot like his tax plan image
.... For those who can afford them – for well-heeled members of the upper middle class with adequate disposable income who have been able to fund their retirement plans, they’re wonderful. They are the single most attractive investment vehicle around, from a tax perspective: money goes in, accumulates and is withdrawn without ever being taxed (as long as you use it to pay for qualified medical expenses, which includes a large array of stuff, including eyeglasses). ...
Jimmy Choo auctioned off to US fashion brand Michael Kors for £900m image
Source : Guardian [Read Article] Tuesday 25th of July 2017 08:00:16 AM
....After a somewhat acrimonious departure, Mellon last year unsuccessfully sued her former employer for millions of pounds in damages claiming it had tried to sabotage her new business, a luxury footwear bearing her own name, by allegedly trying to prevent its suppliers from producing her designs. Jimmy Choo’s majority shareholder JAB Luxury, the investment arm of Germany’s billionaire Reimann family, put the firm up for sale in April. ...
Leaseholds on new-build houses in England to be banned image
Source : Guardian [Read Article] Monday 24th of July 2017 11:01:37 PM
....Sebastian O’Kelly, whose Leasehold Knowledge Partnership has been the sharpest critic of abusive practices, welcomed the ban. He said: “Leasehold houses are an absolute racket: a means by which developers have managed to turn ordinary people’s homes into long-term investment vehicles for shadowy investors, often based offshore. ...
Mortgage time bomb? Interest-only borrowers with NO plans to repay debts image
Source : Daily Express [Read Article] Monday 24th of July 2017 04:40:00 PM
.... It's estimated hundreds of thousands of people have interest-only mortgages that will mature by 2020. Endowment mortgage deals from the 1990s, which were sold with investments linked to the stock market, could be a particular problem. ...
The UK ignores China's trillion-dollar Belt and Road plan at its peril | Colin Cram image
....The UK risks being marginalised after Brexit if it does not revitalise its infrastructure to engage with the huge markets developing in central Asia. But the UK government’s recent transport investment strategy virtually ignores the greatest infrastructure programme the world has ever seen. ...
Should frustrated savers gamble on the stock market or play it safe? image
Source : Guardian [Read Article] Monday 24th of July 2017 06:00:28 AM
....But Nigel Yeo, partner at financial planners The Private Office, adds savers should ask themselves whether they necessarily need a higher return. “If it gets you what you want in life then maybe you are better off not jumping head first into riskier investments. ...
IMF cuts 2017 growth forecasts for UK and US image
Source : Guardian [Read Article] Monday 24th of July 2017 04:45:27 AM
....The Fund said that while the risk of a repeat of the electoral shocks of 2016 – Brexit and Trump’s presidential victory – had declined, policy uncertainty remained at a high level and could rise further. It singled out “difficult-to-predict US regulatory and fiscal policies, negotiations of post-Brexit arrangements, or geopolitical risks”, all of which it said could harm confidence, deter private investment, and weaken growth. ...
Business secretary to announce investment in battery technology image
Source : Guardian [Read Article] Sunday 23rd of July 2017 11:01:20 PM
. A £246m investment in developing battery technology in Britain is to be launched by the government as part of its drive towards what it says is a modern industrial strategy. ...
Drop in wind energy costs adds pressure for government rethink image
Source : Guardian [Read Article] Sunday 23rd of July 2017 05:03:35 PM
....“If you want to control the cost of energy, and deliver energy to consumers and to businesses across the UK at the most competitive price, why would you not want to use this technology? This report demonstrates it’s at the leading edge of efficiency,” he said. The big six energy firm believes that with a cap on top-up payments so close to the wholesale price, onshore windfarms would be effectively subsidy-free – but the guaranteed price would be enough to de-risk projects and win the investment case for them. ...
While Hammond looks for a magic money tree, Labour has found one | Larry Elliott image
.... Fiscal policy – tax and spending – is a more powerful weapon when interest rates are at rock-bottom levels and should have been used more aggressively. Cutting back on public investment was a mistake that has only partly been rectified. ...
Frankly, banks – it’s time to give a damn about your image image
Source : Guardian [Read Article] Sunday 23rd of July 2017 06:00:00 AM
.... Among the major firms reporting results are: the pharmaceuticals giants GlaxoSmithKline and AstraZeneca; British American Tobacco and booze group Diageo from a related sector made up of other legalised drug pedlars; plus International Airlines Group, Reckitt Benckiser, Royal Dutch Shell and Anglo American from assorted other lines. This all looks like an outrageous imposition on the financiers of the Square Mile, particularly those of a certain age who were brought up on the City axiom “Sell in May and go away” – a licence to bunk off work during the summer (only dressed up as investment advice) and instead attend client meetings at Lord’s, Henley, Wimbledon and Ascot. ...
Rushing into a trade deal with the US would harm the UK | Adam Marshall image
Source : Guardian [Read Article] Saturday 22nd of July 2017 11:03:00 PM
.... Our government’s “global Britain” vision and Donald Trump’s America first approach are not natural bedfellows, regardless of the strength of the special relationship. It seems difficult to imagine that the Trump administration would make any concessions, even to a close ally such as Britain, that undermined US jobs or investment. ...
British business chief warns against swift US trade deal image
Source : Guardian [Read Article] Saturday 22nd of July 2017 07:52:58 PM
....”. A government spokesman said: “The UK-US working group is dedicated to strengthening our already strong bilateral trade and investment relationship now, and post-Brexit. ...
Full speed ahead for train builders as minister pulls plug on electrification image
.... Now it is scrapped, and ministers say at least people will not have to put up with unsightly masts. If it is bad news for communities whose railways will never reach the improved level of service promised, it also marks a moment where the dial is turning down of investment in the UK’s rail network. ...
Greed is no longer good – bond boom comes to an end image
Source : Guardian [Read Article] Saturday 22nd of July 2017 07:00:32 AM
.... This week the firm reported profits had plunged 40% in the second quarter on its bond, currency and commodities trading desks. All the other big names in the US investment banking world saw bond trading profits dive in the three months to the end of June, save for age-old Goldman rival Morgan Stanley, which restricted the loss to 4%. ...
'London Whale' charges dropped against former JP Morgan traders image
Source : Guardian [Read Article] Friday 21st of July 2017 11:45:22 PM
....Lawyers for Martin-Artajo did not immediately respond to requests for comment. Martin-Artajo and Grout had been accused of hiding hundreds of millions of dollars of losses within JP Morgan’s chief investment office (CIO) in London by marking positions in a credit derivatives portfolio at inflated prices. ...
Banks and companies plan expansion in Frankfurt after Brexit image
Source : Guardian [Read Article] Friday 21st of July 2017 05:53:07 PM
....Lucia Puttrich, Europe minister in the government of the state of Hesse, told the Guardian she had been in talks with several banks about expanding their presence in Frankfurt or the Rhine-Main area. US investment bank Morgan Stanley is the latest to choose the German city as the site of its post-Brexit European hub, it emerged this week, following official announcements from seven other banks, including Goldman Sachs and Standard Chartered, that they will expand operations in Frankfurt. ...
Savers warned as pension SUPER tax stings 80% more people image
Source : Daily Express [Read Article] Friday 21st of July 2017 03:58:00 PM
.... He said the tax punishes for anyone who are trying to take sensible steps to save for life after work. Savers have now been urged to keep a close tab on saving levels - including investment performance, as well as contributions. ...
Pepsico, Unilever and Nestlé accused of complicity in illegal rainforest destruction image
....”. A spokesman for Pepsico, singled out by RAN as “the ultimate snack food 20 laggard”, said “We take this issue very seriously, and we are making significant investments to improve every aspect of our palm oil supply chain. ...
Budget deficit leaps as Brexit-fuelled inflation troubles Hammond image
Source : Guardian [Read Article] Friday 21st of July 2017 11:29:19 AM
.... “Looking beyond the current financial year, we would expect the decline in the budget deficit to resume if current tax and spending plans are maintained. This should give the chancellor some room for manoeuvre in his autumn budget to ease up on austerity in priority areas like health, social care, policing and housing investment,” he said. ...
Is this the Brexit banking exodus Theresa May told us couldn’t happen? | Nesrine Malik image
.... Leave London, with its favourable regulation and amenable political class, its convenient red-eye flights to New York and thriving cultural scene? Sure, the option was there if the climate ever became too hostile, but few really expected it to do so. During the 2009 furore over the government’s plans to levy a supertax on bankers’ bonuses, I recall colleagues in the private investment firm where I worked scoffing at their own industry’s threats to relocate from the UK due to the punitive legislation. ...
The real cost of regeneration image
Source : Guardian [Read Article] Friday 21st of July 2017 05:00:09 AM
.... In 2005, they voted in favour. The next year, a figure was agreed for the government’s capital investment in the scheme – £114m – and in 2009 a preferred bidder was announced, the Regenter Myatts Field North Limited consortium – a joint venture between the global infrastructure giant John Laing Investments Ltd and Pinnacle Regeneration Group. ...
Big-budget films receive increase in tax relief to almost £600m image
Source : Guardian [Read Article] Thursday 20th of July 2017 05:30:42 PM
....The government’s tax credit system has proved hugely successful in stopping big-budget film and TV productions, as well as talent such as games makers and special effects workers, going to cheaper locations such as eastern Europe or to other countries offering bigger incentives. It has also helped attract investment from the deep-pocketed newer arrivals on the film and TV scene, such as Netflix and Amazon, which have backed productions in the UK including The Crown, which had a total budget of £100m, and fashion drama series The Collection. ...
SSE loses 230,000 customers in 'highly competitive' UK market image
Source : Guardian [Read Article] Thursday 20th of July 2017 05:28:01 PM
.... However, higher wind speeds meant power generation from its windfarms was up by more than a fifth. Phillips-Davies said: “As expected, 2017-18 is presenting a number of complex challenges to manage, but SSE is a focused, resilient and adaptable business with efficient operations and disciplined investment at its core. ...
Grayling sparks fury by scrapping rail electrification plans image
Source : Guardian [Read Article] Thursday 20th of July 2017 11:21:48 AM
....The government announced in 2015 that it was “pausing” electrification of the Midland mainline, but insisted the work would be completed. The announcement that the line to Nottingham and Sheffield will be served by bi-mode trains using diesel engines confirmed that Network Rail’s budget overruns will leave large parts of the country without the “electric spine” that the government had boasted would bring more capacity and increase jobs and investment. ...
Mike Ashley brushes off 60% dive in profits as shares in Sports Direct rise image
....Sports Direct had to issue a profit warning last October after a bet designed to protect itself against a slump in sterling went wrong, causing it to lose £15m in the currency markets during an overnight “flash crash” in the value of sterling in the east Asia. Ashley told City analysts that he was now expecting a better UK performance at Sports Directs partly because the company had “smashed the ball out of the park” with its investment in more up-market flagship stores. ...
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
....33%, according to futures trading. “In the US, the earnings season seems to be surprising a little bit on the upside,” said Bruce McCain, chief investment strategist at Key Private Bank in Cleveland. ...
Morgan Stanley picks Frankfurt as post-Brexit hub image
Source : Guardian [Read Article] Wednesday 19th of July 2017 04:11:56 PM
. US investment bank Morgan Stanley has chosen Frankfurt as the site of its post-Brexit EU hub in a move that could put 200 jobs in the City of London under threat. ...
GlaxoSmithKline to sell UK Horlicks brand and scrap factory plans image
Source : Guardian [Read Article] Wednesday 19th of July 2017 02:51:53 PM
....”. Cameron said the move was “a major investment that will create many highly skilled jobs and provide a huge boost to the area”, while the area’s Labour MP, John Woodcock, called it “a major vote of confidence” in the workforce. ...
Incomes in south-east of England 'are 25% higher than in West Midlands' image
....“The government has to get on with its much-trumpeted industrial strategy if we are to create good jobs where they’re needed most. And they must put serious investment behind it. ...
Peer-to-peer lender Ratesetter hit by £80m of struggling loans image
Source : Guardian [Read Article] Tuesday 18th of July 2017 07:37:39 PM
....On Tuesday, the peer-to-peer lender told users lending money via its website that they could withdraw their deposits free of charge. The company said: “If you feel this information changes your investment, we are giving you the option to review your investment with us and sell out without incurring any fees. ...
Russell Group urges rethink on student loan interest rate image
Source : Guardian [Read Article] Tuesday 18th of July 2017 05:40:15 PM
....”. He also suggested repayments could be made through salary sacrifice arrangements which would reduce the tax bill for graduates, adding: “Of course, there is a cost to government finances for each of these suggestions, but ultimately this should be seen as an investment in the long-term sustainability of the UK’s higher education system and in the future of those who study hard for their degrees. ...
Ecuador risks Opec split by increasing oil output image
Source : Guardian [Read Article] Tuesday 18th of July 2017 05:25:11 PM
.... In the first five months of 2017, the price of oil largely sat between $50 and $55 a barrel. Joe McMonigle, of US investment research firm Hedgeye, said that while Ecuador’s production was small, the decision had an impact. ...
UK house prices rise nearly 5% despite political turmoil image
Source : Guardian [Read Article] Tuesday 18th of July 2017 01:05:46 PM
.... In Burnley, Lancashire, the average house cost £78,000. James Allen, head of alternative investments at financial services firm Walker Crips, said: “It is clear that prime London may as well be a different country. ...
Netflix tops 100m subscribers as it draws worldwide audience image
Source : Guardian [Read Article] Tuesday 18th of July 2017 09:49:29 AM
....For founder Reed Hastings, the continued success of the business the soaring number of subscribers is continued proof that his vision of pick-and-mix TV on demand will replace traditional scheduled TV. “Creating a TV network is now as easy as creating an app, and investment is pouring into content production around the world,” he said in a letter to shareholders on Monday. ...
Lower fuel prices slow pace of UK inflation image
Source : Guardian [Read Article] Tuesday 18th of July 2017 08:56:34 AM
.... “Even if inflation does recover, the decision to hike rates still hinges on the growth outlook. “Bank of England governor Mark Carney recently suggested that the Bank needs to see stronger investment and a recovery in wage growth before tightening policy. ...
Peak car? Driverless technology may actually accelerate car ownership image
Source : Guardian [Read Article] Tuesday 18th of July 2017 06:00:12 AM
.... The same holds for small operators in the freight and service sectors, including white van drivers. At a time when many investments in public transport and cycling in UK cities contribute to gentrification and disproportionately favour the middle classes, as with HS2 and most bike-sharing schemes, AV developments risk further increasing transport’s role in enhancing social inequality. ...
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
....Record levels of employment will fail to prevent the economy’s growth rate slowing this year and next during a period when consumer spending will be squeezed by rising inflation and falling living standards, the consultancy firm PwC has predicted. PwC said action by the chancellor, Philip Hammond, in his autumn budget would help offset weaker household spending and delayed investment by firms anxious about Brexit. ...
The scandal of big tobacco’s behaviour in the developing world | Letters image
....• We are concerned, if not surprised, to read the Guardian’s exposé of big tobacco’s use of trade measures to threaten African countries into watering down their efforts to promote public health (Report, 12 July). A major problem with trade and investment agreements is their chilling effect on public interest legislation: countries that lack the time or resources to defend themselves against a trade dispute hold back from introducing new measures that are good for the public but threaten corporate profits and could provoke a trade challenge. ...
HS2 supporters boast of benefits – but costs keep going off the rails | Nils Pratley image
. ‘HS2 was always designed to be much more than just a high-speed railway and today we can see the opportunities it brings right around the country – spreading prosperity, acting as a catalyst for investment and rebalancing our economy 10 years before the railway even opens,” said David Higgins, chairman of the high-speed railway, as the first construction contracts were awarded on Monday. ...
Barclays bank and former bosses to stand trial in January 2019 image
Source : Guardian [Read Article] Monday 17th of July 2017 11:52:18 AM
.... Kalaris ran the bank’s wealth management arm. Jenkins is a former head of Middle East and north African investment banking and Boath is a former head of the bank’s European financial institutions group. ...
HS2 contracts worth £6.6bn awarded by UK government image
Source : Guardian [Read Article] Monday 17th of July 2017 08:08:45 AM
....The TUC welcomed the contract awards as a “shot in the arm for Brexit Britain”. The union’s deputy general secretary, Paul Nowak, said: “It will provide thousands of decent jobs, billions in investment, and help close the north-south divide. ...
Investors received record-breaking dividends in 2017, research shows image
Source : Guardian [Read Article] Monday 17th of July 2017 06:01:43 AM
....The Capita research examines dividends paid out on the ordinary shares of companies listed on the UK main market, the London stock exchange’s listing of its most established companies. The research excludes investment companies such as listed investment trusts whose dividends rely on income from equities and bonds. ...
Trump's tax proposal would push US below Greece on inequality index image
Source : Guardian [Read Article] Sunday 16th of July 2017 11:01:34 PM
....The report makes clear that inequality in the US could get worse if efforts to reform tax and repeal the Affordable Care Act are successful. If, instead, Trump decided to attack inequality in the US, O’Brien said he would need to create a more progressive tax system that lessens the burden on the poorest people, improve labor laws, and “ensure that investments in healthcare, education and social protection gave all Americans an equal shot at the American dream”. ...
Pension planning: Avoid these costly mistakes with your savings  image
Source : Daily Express [Read Article] Sunday 16th of July 2017 02:14:00 PM
.... . Mistakes include shifting into inferior investments, paying tax needlessly and sacrificing valuable benefits on the original plan. ...
Jane Austen to star in Bank of England literary links exhibition image
Source : Guardian [Read Article] Sunday 16th of July 2017 11:42:14 AM
.... Dickens, having known real poverty in childhood and seen his father imprisoned for debt, was very careful with money all his life, drove fierce bargains with publishers, and featured many foolish spendthrifts in his books including Mr Micawber who also lands in a debtors’ prison. Adam is particularly impressed by the financial acumen of George Eliot – “she obviously took very good advice and made really excellent investments” – and will display the £1,000 note she signed as a souvenir when she visited the bank in 1874, having achieved the status Austen’s heroines longed for and become a woman of independent means. ...
Dublin is streets ahead of EU rivals as City firms plan for Brexit relocation image
....Although Frankfurt has already secured the EU bases of Japanese banks Nomura and Daiwa, Dublin appears to be a favourite for many City companies because of its historic links with London and the common language. “Dublin already has some of the back-office operations for some large investment banks and an asset management presence; it also has the benefit of being pretty close to London and of being English-speaking,” Ali, who compiled the EY report, said. ...
Channel Tunnel rail link sold on to consortium for £3bn image
Source : Guardian [Read Article] Friday 14th of July 2017 05:38:02 PM
....1bn for the HS1 concession from the UK government when the line was privatised in 2010, have sold the remainder of the 30-year lease in a deal valued at £3bn, including HS1’s debt. The new owners include InfraRed, on behalf of investors including South Korea’s national pension fund, along with the London-listed HICL Infrastructure and Equitix, another investment fund. ...
British companies must have voices heard on Brexit, says MP image
Source : Guardian [Read Article] Friday 14th of July 2017 05:26:11 PM
....“In some ways we will be the friend of business on Brexit, and ensure that their voice is heard. It’s about holding the government to account, but also trying to get it right in terms of our future relationship, for business, investment and jobs,” she said. ...
Ofcom made serious errors over Murdoch Sky bid, say high-profile MPs image
Source : Guardian [Read Article] Friday 14th of July 2017 03:31:40 PM
....“21CF remains committed to continuing to engage constructively with the regulatory process. Our investment in Sky underscores our profound confidence in the future of the UK as a global hub for creativity, and in light of the transaction’s benefits to the UK creative economy we would welcome a timely decision. ...
Jeremy Clarkson TV firm made £8m profit after Amazon's Grand Tour image
Source : Guardian [Read Article] Friday 14th of July 2017 10:09:41 AM
....It was the biggest crash I've ever seen and the most frightening but incredibly, and thankfully, Richard seems to be mostly OK. Last year, Clarkson and his co-presenters launched DriveTribe, a social network for motoring fans, financed by their own investments and backing of almost £10m from investors including 21st Century Fox and early Facebook backer Jim Breyer. ...
'Locals get first dibs': the Manchester flats banning foreign investors image
....9% in 2016 – the second fastest rate in Britain. Tipped by industry experts as “the UK’s top-performing investment location” after the London market overheated, glossy brochures promise minimum yields of 6% and a 54% return on investment after just five years. ...
City regulator plans rule change to allow Saudi oil giant's $2tn float in London image
....The proposals by the Financial Conduct Authority come as Aramco weighs up which financial centre to pick for the sale of 5% of its shares. The company could be valued at $2tn – a huge price tag that would also generate hundreds of millions of dollars in fees for investment bankers, lawyers and other professional firms involved in stock market flotations. ...
The Tories have failed to fix the roof – and now storms are brewing | Larry Elliott image
.... Should the economy’s long-term trend growth rate fall by 0. 1 percentage point as a result of weaker trade and investment following departure from the EU, there would be a slow-burn effect on the public finances. ...
Havaianas flip-flop brand sold for £850m as scandal-hit owners sell stake image
....Upmarket versions of the sandals, including pairs encrusted with Swarovski crystals, means it costs anywhere between £18 and £190 for a pair of Havaianas. Alpargatas, which also owns beachwear brand Osklen and Mizuno, the Japanese sportswear brand, is being acquired by a trio of Brazilian investment firms including Itaúsa – which oversees the fortune of the Villela and Setúbal families who control Latin America’s biggest bank Itaú Unibanco – and Cambuhy, the vehicle of the billionaire Moreira Salles family. ...
Uber stages retreat in Russia as it merges with rival Yandex image
Source : Guardian [Read Article] Thursday 13th of July 2017 11:12:55 AM
....The deal has echoes of Uber’s previous moves in China, where the company sold its operations wholesale to native ride-sharing firm Didi last year. Although the company realised a substantial profit on its investment, and now holds a stake in Didi potentially worth more than $8bn, it was widely seen as an embarrassing climbdown, and an admission that it was unable to throw money at endless price wars in some of the world’s larger emerging markets. ...
Southern rail: unions say £13.4m fine is ‘less than a slap on the wrist’ image
....The Gibb report was written in December and belatedly released by the DfT last month under pressure from campaigners. While Gibb said union action was the “primary cause” of the Southern’s meltdown, he highlighted a range of problems including the need for an immediate £300m investment in infrastructure to keep services running. ...
Sports Direct buys 26% stake in Game Digital image
Source : Guardian [Read Article] Thursday 13th of July 2017 06:59:54 AM
Carillion has 'no future without rights issue of at least £500m' image
Source : Guardian [Read Article] Thursday 13th of July 2017 06:20:18 AM
.... The City now expects the company will need to raise double that figure just to survive. Sam Cullen, an analyst at investment bank Jefferies, said: “Realistically, we see no future for Carillion without a rights issue of at least £500m as we believe the group will find it increasingly difficult to win support services work with the balance sheet in its current state”. ...
Is paying off the mortgage a better bet than saving? image
Source : Guardian [Read Article] Thursday 13th of July 2017 06:00:00 AM
....As to whether you should invest in property to let out, there is no clear cut answer. To compare the return on the investment with other forms of saving you need to calculate the rental yield. ...
People who receive financial advice could end up around £40,000 better off image
Source : Daily Express [Read Article] Wednesday 12th of July 2017 06:44:00 PM
....Regulators should continue to place emphasis on access to independent financial advice, the report said. A separate report from the Financial Conduct Authority (FCA) on Wednesday said that a lack of consumer trust in pensions can sometimes result in consumers paying too much tax, missing out on investment growth or losing out on other benefits. ...
Irish business seeks €1bn in EU aid to protect firms hit by Brexit image
Source : Guardian [Read Article] Wednesday 12th of July 2017 05:40:20 PM
....The Irish Business and Employers Confederation wants the EU to cushion Irish exporters caught up in the chaos this would cause, giving them the space to “innovate, diversify into new markets, train staff and invest for the future”. Danny McCoy, chief executive of Ibec, said the money would protect trade between Ireland and the UK, which could become a more serious competitor on the foreign investment front as it would be free to offer state aid and other incentives once outside the EU. ...

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