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Socially Most Trending News

Monday 24th of April 2017 06:35:35 AM
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.... . "There are clearer signs that the consumer is wavering as inflationary pressures have picked up, but the production related sectors of the economy are forging ahead thanks to an improving global picture and the more competitive pound. ... [Read full article on BBC ]
Friday 28th of April 2017 08:32:58 AM
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....3% against the euro at 1. 17, while the pound dropped 0. ... [Read full article on BBC ]
Sunday 23rd of April 2017 09:16:09 PM
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.... And certainly not deserving of the £3,000-£6,000 that is routinely paid out to “victims” of even the mildest of rear-end shunts. Now one brave consultant neurosurgeon, who has carried out thousands of operations involving neck and back issues, has declared that whiplash is a myth, nothing more than a multibillion-pound gravy train for lawyers, doctors and the victims suffering from “mainly non-existent injuries”. ... [Read full article on Guardian ]
Saturday 29th of April 2017 06:00:22 AM
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....Last week, official data indicated that UK retail sales volumes posted their biggest quarterly fall in seven years in the three months to March. Speaking to reporters, Ms Brittain said: "Indications suggest that there is going to be some constraint on (the) pound in the average consumer pocket with inflation and higher petrol prices and a relatively static wage position. ... [Read full article on BBC ]
Tuesday 25th of April 2017 10:47:43 AM
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....Uber is to start offering its minicab drivers sickness cover in exchange for a £2 per week fee, in its latest bid to head off criticism over working conditions for its 40,000 drivers in the UK. The move is likely to cost the San Francisco-based company several million pounds a year. ... [Read full article on Guardian ]
Thursday 27th of April 2017 12:51:55 PM
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Friday 28th of April 2017 06:36:15 AM
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.... The result is that today, thousands of former army houses are managed by a company run from one of the smartest streets in London, and owned by a private equity fund based in Guernsey. In turn, that private equity fund manages billions of pounds for some of the biggest investors in the world, who have made a fortune out of Annington. ... [Read full article on Guardian ]
Tuesday 25th of April 2017 04:30:38 AM
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.... . But it says the impact of a weaker pound and rising pricing pressures "loom large". ... [Read full article on BBC ]
Sunday 23rd of April 2017 08:23:22 AM
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....6%. “UK car manufacturing is accelerating thanks to billions of pounds of investment committed over the past few years,” said Mike Hawes, SMMT’s chief executive. ... [Read full article on Guardian ]
Thursday 27th of April 2017 06:32:19 AM
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Tuesday 25th of April 2017 09:21:26 AM
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.... But with the collapse in the tourism industry following the Arab Spring, he's now looking for a new source of income. He has heard good things about the company from friends who are already drivers, he says, and hopes he can "make a million pounds, God willing". ... [Read full article on BBC ]
Wednesday 26th of April 2017 11:12:43 PM
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....Mr Augar told the BBC: "This time last year they had to disclose a horrible loss due to volatility in their own bond prices. "There's none of that this year, [but] they still had to make another provision for about half a billion pounds for sins of the past, PPI [payment protection insurance] and things like that. ... [Read full article on BBC ]
Thursday 27th of April 2017 06:33:36 AM
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....8m, according to its annual report, significantly less than the £527m it made in 2015. Preston said profits would have been even lower if it were not for the better performance of the company’s foreign properties, which were also flattered by the collapse in value of the pound. ... [Read full article on Guardian ]
Tuesday 25th of April 2017 05:00:42 PM
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....The negative effects of sterling’s slide since the EU referendum appear to be outweighing the positive effects – a boost to exports. The weaker pound has raised the cost of imported materials and pushed inflation to a three-year high of 2. ... [Read full article on Guardian ]
Monday 24th of April 2017 06:00:04 AM
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. The pound’s sharp fall since the Brexit vote and a mood of uncertainty among employers has hit household budgets, creating a tough economic backdrop for Theresa May’s snap election, a Guardian analysis shows. ... [Read full article on Guardian ]
Tuesday 25th of April 2017 10:38:58 AM
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....Many buyers were told that the 250- or even 999-year leases on their new-build homes were “virtually freehold” because of the length of the lease. But the investors who have snapped up the leases, often for just a few thousand pounds, refuse to sell them to householders unless they pay £30,000 or more. ... [Read full article on Guardian ]
Thursday 27th of April 2017 11:35:12 AM
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....Meanwhile, the single currency hit a five-and-a-half month high against the dollar. Although it came off its best levels, it was still up about 1% against the dollar and the pound as European markets closed. ... [Read full article on Guardian ]
Monday 24th of April 2017 09:34:27 AM
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.... The chain’s operating profits increased 11% to more than £93m. Schlee said the pound’s fall since the Brexit vote had been a double-edged sword as it had boosted UK sales by attracting more tourists but had also forced up the cost of many ingredients. ... [Read full article on Guardian ]
Thursday 27th of April 2017 07:01:44 PM
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....Despite a 6% rise in "underlying" pre-tax profits, it was "cautious" about prospects for the next year and forecast a "tougher consumer environment". The pound rose 0. ... [Read full article on BBC ]
Tuesday 25th of April 2017 07:57:49 AM
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....7% after HSBC cut its rating on the company to "reduce" from "hold". On the currency markets, the pound shrugged off weaker-than-forecast UK growth data. ... [Read full article on BBC ]
Friday 28th of April 2017 11:29:13 AM
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....The appeal of Britain's small screen dramas abroad is being dubbed "The Crown effect" after the biopic series about the British Queen. Added to the impact of a weaker pound it is helping set the scene for a bumper year for UK tourism. ... [Read full article on BBC ]
Wednesday 26th of April 2017 11:01:32 PM
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.... . She said some smart meters did not work, which meant people were being sent high estimated bills, including some who were being asked for hundreds of pounds a month. ... [Read full article on BBC ]
Sunday 30th of April 2017 12:47:23 AM
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.... Their tax affairs were relatively straightforward. Now, with multi-billion pound broadcast deals, and players sometimes being paid through exotic financial vehicles, the sport is attracting a great deal of attention from the tax authorities. ... [Read full article on BBC ]
Wednesday 26th of April 2017 11:25:54 AM
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....3% against the euro at 1. 17, while the pound dropped 0. ... [Read full article on BBC ]
Monday 24th of April 2017 07:55:14 AM
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....The government had estimated that this change, which would affect dividend-paying shares and investment funds held outside Isas or pensions, would raise £800m-£900m a year and affect more than 2. 2 million people, who would typically each have to pay several hundred pounds more in tax a year. ... [Read full article on Guardian ]
Tuesday 25th of April 2017 04:42:20 PM
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....Costa opened 184 new stores in the UK last year, taking the total to 2,218, and installed more than 1,500 Costa Express machines worldwide. Brittain also warned of a “tougher consumer environment” this year, with household budgets squeezed by the weak pound causing price rises, static wages and higher petrol prices. ... [Read full article on Guardian ]
Tuesday 25th of April 2017 12:20:58 PM
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....8% a month earlier, may squeeze household incomes, the UK-based business said. Excluding the fall in the pound, which declined in value against the euro following the UK's decision to leave the European Union, UK profit for the broader bank grew 2. ... [Read full article on BBC ]
Wednesday 26th of April 2017 10:31:49 AM
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. The pound hit a seven-month high against the dollar, pushing as high as $1. ... [Read full article on BBC ]
Thursday 27th of April 2017 08:13:10 AM
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13
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....Standard Chartered shares rose 4% after its quarterly profit nearly doubled from a year ago as the bank brought loan losses under control. Meanwhile, the pound fell 0. ... [Read full article on BBC ]
Wednesday 26th of April 2017 07:34:44 AM
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Latest Finance News related to Pound

Green heating system accused of causing 'fuel poverty' image
Source : BBC [Read Article] Sunday 30th of April 2017 12:47:23 AM
.... . She said some smart meters did not work, which meant people were being sent high estimated bills, including some who were being asked for hundreds of pounds a month. ...
Still got a paper fiver in your wallet? Well you should spend it now! image
Source : Guardian [Read Article] Saturday 29th of April 2017 06:00:22 AM
.... Eventually they will pull the shutters down. But the bit on the note that says “I promise to pay the bearer on demand the sum of five pounds”, signed by current chief cashier, Victoria Cleland, remains in place. ...
Whiplash: the myth that funds a £20bn gravy train image
Source : Guardian [Read Article] Saturday 29th of April 2017 06:00:22 AM
.... And certainly not deserving of the £3,000-£6,000 that is routinely paid out to “victims” of even the mildest of rear-end shunts. Now one brave consultant neurosurgeon, who has carried out thousands of operations involving neck and back issues, has declared that whiplash is a myth, nothing more than a multibillion-pound gravy train for lawyers, doctors and the victims suffering from “mainly non-existent injuries”. ...
Weak pound melts the British dream of a place in the sun image
Source : Guardian [Read Article] Friday 28th of April 2017 04:03:49 PM
....Brits abroad? Not so many, it seems. Uncertainty about the future of Britain in Europe and the fall in the value of the pound are taking their toll on the number of UK buyers investing in a little place in the Mediterranean sun. ...
Personal insolvencies soar to highest level in three years image
Source : Guardian [Read Article] Friday 28th of April 2017 02:34:07 PM
.... The annual inflation rate is 2. 3% and expected to rise to 3% in the coming months, as the impact of the weaker pound since the Brexit vote increasingly feeds through to higher shop prices. ...
Donald Trump 100 days: Is the president making it CHEAPER to buy US property? image
Source : Daily Express [Read Article] Friday 28th of April 2017 12:09:00 PM
....The result of all this? An unexpected tumble in the US dollar. But with the US dollar weakening and the pound strengthening on speculation surrounding the upcoming UK election, it’s actually become a pretty good time to purchase property in the US. ...
Barclays pulls FTSE 100 lower image
Source : BBC [Read Article] Friday 28th of April 2017 11:29:13 AM
....7% after HSBC cut its rating on the company to "reduce" from "hold". On the currency markets, the pound shrugged off weaker-than-forecast UK growth data. ...
UK economy grows by 0.3% as service sector slows image
Source : BBC [Read Article] Friday 28th of April 2017 08:32:58 AM
.... . "There are clearer signs that the consumer is wavering as inflationary pressures have picked up, but the production related sectors of the economy are forging ahead thanks to an improving global picture and the more competitive pound. ...
UK house prices fall again in April as buyers feel the pinch image
Source : Guardian [Read Article] Friday 28th of April 2017 07:15:39 AM
.... Inflation is currently at 2. 3% and expected to rise to 3% in the coming months as the weak pound since the Brexit vote feeds through to the cost of living. ...
RBS reports first quarterly profit since 2015 image
Source : Guardian [Read Article] Friday 28th of April 2017 06:57:09 AM
....It warned that profits would be down in the next quarter, however, because of a slower start in its investment banking arm. After taking multimillion-pound provisions for previous mis-selling scandals, the bank’s legal charges for the quarter amount to £54m. ...
British consumers' confidence slumps as inflation grows image
Source : Guardian [Read Article] Friday 28th of April 2017 06:01:03 AM
.... Official figures on Friday morning are expected to show UK economic growth slowed markedly in the first quarter of this year. Much of the pressure on households stems from higher inflation, which has picked up to its highest level in more than three years on the back of higher oil prices and because of the pound’s weakness since the Brexit vote. ...
'After Brexit people will fall in love with English apples again' image
Source : Guardian [Read Article] Friday 28th of April 2017 06:00:03 AM
.... Defra estimates that a quarter of the 1,200 EU’s laws relate to the sector, and £3bn of EU money is distributed each year in subsidies to farmers and land managers. Pig farmers have echoed Suzannah’s concerns that access to seasonal EU labour is essential, but there is evidence there’s already been a drop in interest from workers because of the declining value of the pound. ...
Pret a Manger tries to woo British workers as Brexit looms image
Source : Guardian [Read Article] Thursday 27th of April 2017 07:01:44 PM
.... The chain’s operating profits increased 11% to more than £93m. Schlee said the pound’s fall since the Brexit vote had been a double-edged sword as it had boosted UK sales by attracting more tourists but had also forced up the cost of many ingredients. ...
Poor working families face big losses from benefit cuts, says IFS image
Source : Guardian [Read Article] Thursday 27th of April 2017 04:57:27 PM
....The Lib Dem spokeswoman Susan Kramer said: “Theresa May’s plans for a divisive hard Brexit and savage cuts to benefits will leave millions of working families worse off. Three million households will be hit to the tune of £2,500 a year as a result of cuts to tax credits, rising prices and the falling pound. ...
Exchange rate fluctuation is MORE of a threat to expat’s pensions than losing triple lock image
....This means the timing of your trade can affect how much you get for your state pension by around €20 on average per month. Shopping around for the best exchange rates and keeping abreast of market developments so that you can transfer your pension payments when you’ll get the most for your pounds is in many cases more profitable than the benefits you will get from the triple lock. ...
Uber to offer UK drivers sickness cover in return for £2-a-week fee image
Source : Guardian [Read Article] Thursday 27th of April 2017 12:51:55 PM
....Uber is to start offering its minicab drivers sickness cover in exchange for a £2 per week fee, in its latest bid to head off criticism over working conditions for its 40,000 drivers in the UK. The move is likely to cost the San Francisco-based company several million pounds a year. ...
Taylor Wimpey to pay up to £130m to settle ground rent scandal image
Source : Guardian [Read Article] Thursday 27th of April 2017 11:35:12 AM
....Many buyers were told that the 250- or even 999-year leases on their new-build homes were “virtually freehold” because of the length of the lease. But the investors who have snapped up the leases, often for just a few thousand pounds, refuse to sell them to householders unless they pay £30,000 or more. ...
Pound hits seven-month dollar high image
Source : BBC [Read Article] Thursday 27th of April 2017 08:13:10 AM
. The pound hit a seven-month high against the dollar, pushing as high as $1. ...
Lloyds Bank's profits rise despite 'challenging' times image
Source : BBC [Read Article] Thursday 27th of April 2017 06:33:36 AM
....Mr Augar told the BBC: "This time last year they had to disclose a horrible loss due to volatility in their own bond prices. "There's none of that this year, [but] they still had to make another provision for about half a billion pounds for sins of the past, PPI [payment protection insurance] and things like that. ...
UK car production hits 17-year high as industry issues Brexit warning image
Source : Guardian [Read Article] Thursday 27th of April 2017 06:32:19 AM
....6%. “UK car manufacturing is accelerating thanks to billions of pounds of investment committed over the past few years,” said Mike Hawes, SMMT’s chief executive. ...
Job opportunities image
Source : BBC [Read Article] Wednesday 26th of April 2017 11:12:43 PM
.... But with the collapse in the tourism industry following the Arab Spring, he's now looking for a new source of income. He has heard good things about the company from friends who are already drivers, he says, and hopes he can "make a million pounds, God willing". ...
TV drama and the weak pound set the scene for holidaymakers image
Source : BBC [Read Article] Wednesday 26th of April 2017 11:01:32 PM
....The appeal of Britain's small screen dramas abroad is being dubbed "The Crown effect" after the biopic series about the British Queen. Added to the impact of a weaker pound it is helping set the scene for a bumper year for UK tourism. ...
Should you buy euros before the next round of the French election? image
Source : Daily Express [Read Article] Wednesday 26th of April 2017 01:07:00 PM
....Earlier in April the GBP/EUR exchange rate surged after Prime Minister Theresa May unexpectedly announced the intention to hold a snap general election in June. Bets that the early election will result in an increased Conservative majority and improve PM Theresa May’s position in Brexit negotiations helped the pound broadly strengthen, taking GBP/EUR to a multi-month high of €1. ...
Hard tackling image
Source : BBC [Read Article] Wednesday 26th of April 2017 11:25:54 AM
.... Their tax affairs were relatively straightforward. Now, with multi-billion pound broadcast deals, and players sometimes being paid through exotic financial vehicles, the sport is attracting a great deal of attention from the tax authorities. ...
Santander chief warns on 'changeable' UK economy image
Source : BBC [Read Article] Wednesday 26th of April 2017 10:31:49 AM
....8% a month earlier, may squeeze household incomes, the UK-based business said. Excluding the fall in the pound, which declined in value against the euro following the UK's decision to leave the European Union, UK profit for the broader bank grew 2. ...
FTSE 100 ticks up at the close image
Source : BBC [Read Article] Wednesday 26th of April 2017 07:34:44 AM
....Standard Chartered shares rose 4% after its quarterly profit nearly doubled from a year ago as the bank brought loan losses under control. Meanwhile, the pound fell 0. ...
Stock markets surge to new highs ahead of Trump's tax reform plan image
Source : Guardian [Read Article] Tuesday 25th of April 2017 05:35:25 PM
....”. As well as the relief rally over the Macron result, the prospect of an end to the ECB’s bond-buying programme and low interest rate measures saw the euro hit a two-week high against the pound, up 0. ...
Duke of Westminster's £12bn property firm hit by London slump image
Source : Guardian [Read Article] Tuesday 25th of April 2017 05:00:42 PM
....8m, according to its annual report, significantly less than the £527m it made in 2015. Preston said profits would have been even lower if it were not for the better performance of the company’s foreign properties, which were also flattered by the collapse in value of the pound. ...
Tax raid postponed as ministers rush through finance bill image
Source : Guardian [Read Article] Tuesday 25th of April 2017 04:42:20 PM
....The government had estimated that this change, which would affect dividend-paying shares and investment funds held outside Isas or pensions, would raise £800m-£900m a year and affect more than 2. 2 million people, who would typically each have to pay several hundred pounds more in tax a year. ...
Costa Coffee owner welcomes plan for 'barista visas' after Brexit image
Source : Guardian [Read Article] Tuesday 25th of April 2017 12:20:58 PM
....Costa opened 184 new stores in the UK last year, taking the total to 2,218, and installed more than 1,500 Costa Express machines worldwide. Brittain also warned of a “tougher consumer environment” this year, with household budgets squeezed by the weak pound causing price rises, static wages and higher petrol prices. ...
Costa coffee owner Whitbread wary over prospects image
Source : BBC [Read Article] Tuesday 25th of April 2017 10:47:43 AM
....Last week, official data indicated that UK retail sales volumes posted their biggest quarterly fall in seven years in the three months to March. Speaking to reporters, Ms Brittain said: "Indications suggest that there is going to be some constraint on (the) pound in the average consumer pocket with inflation and higher petrol prices and a relatively static wage position. ...
London share prices edge higher image
Source : BBC [Read Article] Tuesday 25th of April 2017 07:57:49 AM
....Despite a 6% rise in "underlying" pre-tax profits, it was "cautious" about prospects for the next year and forecast a "tougher consumer environment". The pound rose 0. ...
Could the IMF's 'world currency' help encourage global unity? | Mohamed El-Erian image
....So, do today’s anti-globalisation winds – caused in part by poor global policy coordination in the context of too many years of low and insufficiently inclusive growth – create scope for enhancing the SDR’s role and potential contributions?. Addressing this question, were it to gain traction, would involve a focus on an ecosystem of SDR use, with the composite currency – which last year added the Chinese renminbi to the British pound, euro, Japanese yen and US dollar – potentially benefiting from a virtuous cycle. ...
Buying a holiday home in Spain? This is how you can make BIG savings image
Source : Daily Express [Read Article] Monday 24th of April 2017 11:39:00 AM
. You will need to exchange your pounds for euros when buying property in many European countries, and the exchange rate you are able to secure for this currency transfer can make a massive difference to how much you ultimately pay for your home in the sun. ...
Stock markets surge after French election result image
Source : Guardian [Read Article] Monday 24th of April 2017 09:34:27 AM
....Meanwhile, the single currency hit a five-and-a-half month high against the dollar. Although it came off its best levels, it was still up about 1% against the dollar and the pound as European markets closed. ...
Inflation puts the brakes on Britain's economic activity image
Source : Guardian [Read Article] Monday 24th of April 2017 06:00:04 AM
....The negative effects of sterling’s slide since the EU referendum appear to be outweighing the positive effects – a boost to exports. The weaker pound has raised the cost of imported materials and pushed inflation to a three-year high of 2. ...
Missing million image
Source : BBC [Read Article] Sunday 23rd of April 2017 11:01:31 PM
....". The difficulty is compounded by the fact that sources can be in 30-40 different languages, most are handwritten and can be in different scripts, such as Latin, Hebrew and Cyrillic. ...
What does the snap election mean for your finances? image
Source : Daily Express [Read Article] Sunday 23rd of April 2017 01:10:00 PM
Company profit warnings increase on previous quarter image
Source : BBC [Read Article] Sunday 23rd of April 2017 08:23:22 AM
.... . But it says the impact of a weaker pound and rising pricing pressures "loom large". ...
Five Minute Guide to: Ensuring your car cover is valid image
Source : Daily Express [Read Article] Sunday 23rd of April 2017 12:01:00 AM
....Despite the box office success of the Fast And The Furious movie franchise, the number of young motorists adding modifications to their vehicles has fallen dramatically. The millennial generation has rejected body kits, fat exhausts and oversized tyres, in part because of the cost, with premiums for younger drivers running into thousands of pounds. ...
When an M&S closes, you lose more than a store | Barbara Ellen image
Source : Guardian [Read Article] Saturday 22nd of April 2017 11:05:27 PM
....Maybe I’m wrong and Slough would love some Hoxton-style breakfast cereal cafes, where you could also get a beard trim and pick up some homemade wild fig and bacon soap and perhaps an ironic dream-catcher. However, that would still leave an immense amount of space, to be filled by pound shops or simply left empty, giving the whole shopping area the look of a desperate smile where several teeth have been brutally punched out. ...
How to find the best personal loan without damaging your credit rating image
Source : Guardian [Read Article] Saturday 22nd of April 2017 06:00:06 AM
. Underhand tactics by leading personal loan providers are costing Britons hundreds of millions of pounds a year, it was claimed this week. ...
Braced for Brexit image
Source : BBC [Read Article] Friday 21st of April 2017 08:44:19 PM
....Well, even there, Brexit is likely to have consequences. The pound has fallen in value in the wake of last June's referendum outcome. ...
Growth in unpaid full-time internships raises fears for social mobility image
....Fellow fashion designer Vivienne Westwood has previously come under fire for offering five unpaid internships, which are still being advertised. Publicis Media, part of the multibillion-pound French advertising and public relations group Publicis, is currently looking for a German-speaking intern who will receive only lunch and travel expenses. ...
Lloyds bank bailout repaid in full, says Philip Hammond image
Source : Guardian [Read Article] Friday 21st of April 2017 05:00:20 PM
....3bn it ploughed into Lloyds Banking Group during the financial crisis, the chancellor has said. Just days after admitting that the taxpayer faced multibillion-pound losses on its stake in Royal Bank of Scotland, Philip Hammond said the government had now “recovered every penny of its investment in Lloyds”. ...
UK retail surge since Brexit vote comes to an end image
Source : Guardian [Read Article] Friday 21st of April 2017 01:11:30 PM
....The slump comes as the political parties fire their opening salvoes in the general election campaign. Theresa May has indicated she will focus on her ability to deliver the benefits of Brexit, in part from the lower value of the pound. ...
Biggest fall in UK retail sales in seven years image
Source : BBC [Read Article] Friday 21st of April 2017 09:24:52 AM
.... . "Rising food and petrol prices, together with slowing real wage rises, appear to be finally prompting shoppers to tighten their belts, while the value of the pound continues to put pressure on retailers' costs. ...
M&S share rise fails to lift FTSE 100 image
Source : BBC [Read Article] Friday 21st of April 2017 08:12:14 AM
.... Consumption has held up quite well but it's supported by things that are unsustainable in the long run," he added. The pound was down 0. ...
Card spending online jumps to £422m a day image
Source : Daily Express [Read Article] Friday 21st of April 2017 12:00:00 AM
....8 billion purchases made online at an average of 150 million a month - an increase of 38 per cent from 2014. Nearly four in every 10 pounds spent on travel is paid for online, with 54 per cent of spending on flights made through the internet. ...
Tata Steel offers £520m pensions payment in bid to secure future image
Source : Guardian [Read Article] Thursday 20th of April 2017 05:14:48 PM
.... This would lead to workers suffering a 10% cut to their benefits but can only happen if Tata Steel persuades the regulator that it is on the brink of insolvency and cannot continue to support the pension scheme. Tata will also have to provide hundreds of millions of pounds to help fund the scheme and the PPF can demand a stake of up to 33% in Tata Steel UK so that it benefits from the future success of the business. ...
EU toughens Brexit stance and demands UK pay liabilities in euros image
Source : Guardian [Read Article] Thursday 20th of April 2017 02:37:31 PM
....Leaked documents reveal the EU’s position has hardened in recent weeks since the publication of the European council’s draft guidelines, which offered an indication of the bloc’s opening stance last month. The European commission expects Britain to pay its estimated €60bn (£50bn) in liabilities in euros, leaving it to risk the currency markets at a time when the pound has been weak, according to a paper seen by Politico. ...
Unilever sales rise on higher prices image
Source : BBC [Read Article] Thursday 20th of April 2017 08:45:55 AM
...." . "This reflects our continued investment in both innovations and brand support and reconfirms the strength of our long-term sustainable compounding growth model. ...
'It was like the tap turned off on job applications': SMEs post Brexit vote image
....“We spoke to our recruitment agent and he says it’s the same for all British companies. The East European people he specialised in placing in jobs feel less welcome in the UK now and, since the devaluation of the pound, they’d far rather be earning euros in a country they know they can settle down in if they choose. ...
Government cap on energy prices would spark backlash | Nils Pratley image
Source : Guardian [Read Article] Wednesday 19th of April 2017 06:12:57 PM
.... That’s all that’s required, and he did it well. Burberry shareholders did splendidly during the boom years for luxury goods, but the recent air of frustration won’t be cleared by yet another update that was long on grumbles about the “uncertain environment”, even though the company received the great gift of a lower pound. ...
Burberry's sales growth slows despite 'exceptional' UK performance image
Source : Guardian [Read Article] Wednesday 19th of April 2017 05:23:32 PM
.... The relative strength of the dollar during the period also encouraged Americans to shop abroad. Analysts are now concerned that the benefits Burberry has enjoyed from the low value of the pound will disappear given the recent rise in sterling ahead of the UK general election. ...
UK government vows strong action to rein in energy companies image
Source : Guardian [Read Article] Wednesday 19th of April 2017 12:25:24 PM
....Clark said the plans, which are expected to include some form of price cap, would show “very decisive action”. Clark said he was acting because of the “flagrant mistreatment” of loyal customers who default on to more expensive standard tariffs and are collectively paying a billion pounds more than they need to. ...
Energy secretary to 'flex muscles' over rising bills image
Source : BBC [Read Article] Wednesday 19th of April 2017 10:49:17 AM
....Mr Clark said he did not have the power to affect prices directly, but the government could act to alter a "deficiency" in the market. Major energy firms announced increases in standard tariffs in the last few months, blaming investment requirements, government demands and the falling value of the pound. ...
Burberry shares dive despite sales rise image
Source : BBC [Read Article] Wednesday 19th of April 2017 09:32:28 AM
.... . The company has previously said the weak pound had attracted overseas shoppers to its British stores. ...
FTSE 100 stumbles as Burberry tumbles image
Source : BBC [Read Article] Wednesday 19th of April 2017 07:46:07 AM
....44. Meanwhile, the pound was little moved against the dollar and the euro, at $1. ...
Primark owner Associated British Foods sees profits jump image
Source : BBC [Read Article] Wednesday 19th of April 2017 07:00:40 AM
....3bn. ABF said profit growth in the second half would be "tempered" by the weaker pound pushing up the cost of imports. ...
Services matter image
Source : BBC [Read Article] Tuesday 18th of April 2017 11:13:46 PM
.... . Financial and business services account for about half the total of British services exports, which is in the region of a quarter of a trillion pounds ($300bn). ...
Investors think the election means a softer Brexit – are they right? image
Source : Guardian [Read Article] Tuesday 18th of April 2017 06:40:16 PM
.... Part of the decline occurred before the lectern had even been placed in Downing Street. Part of the rest can be explained by a stronger pound, which tends to depresses the value of the many big dollar-earners in the index. ...
FTSE 100 suffers worst day since Brexit vote after May calls election image
Source : Guardian [Read Article] Tuesday 18th of April 2017 05:11:25 PM
. More than £45bn was knocked off the value of shares in Britain’s biggest companies following Theresa May’s snap general election announcement, with the FTSE 100 index suffering its worst day since the Brexit referendum as a rally in the pound hit the stock market. ...
Philip Hammond admits taxpayers' RBS stake is likely to be sold at a loss image
. Philip Hammond has signalled that the government is facing a multibillion-pound loss from selling off its 73% stake in Royal Bank of Scotland. ...
IMF says pace of global economic growth is picking up image
Source : BBC [Read Article] Tuesday 18th of April 2017 01:01:41 PM
.... . But the IMF still expects negative effects from leaving the EU including "reduced consumer purchasing power following the pound's depreciation and its gradual pass-through to prices and the impact of uncertainty on private investment". ...
Food and fuel inflation 'hitting UK supply chain' image
Source : BBC [Read Article] Tuesday 18th of April 2017 11:00:38 AM
.... . According to Begbies Traynor, rising energy and food prices, combined with the recent fall in the pound, had "undoubtedly put a strain on much of the UK supply chain". ...
Weetabix sold to US firm after breakfast cereal fails to catch on in China image
....“We want to work constructively with the new management team to ensure the success of the iconic Weetabix brand and to safeguard the future employment for our hardworking and dedicated members,” said Sally Mortimer, regional officer for Unite. George Salmon, equity analyst at Hargreaves Lansdown, said the proposed deal was the latest in a string of approaches for UK companies since the Brexit vote last June and the subsequent sharp fall in the pound. ...

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