News: Money

Bitcoin is 'Enron in the making', Saudi Prince Alwaleed says

Tuesday  03:01,   24 october 2017
Reuters

Billionaire Saudi Prince Alwaleed bin Talal expressed scepticism about cryptocurrencies in an interview with CNBC on Monday, warning that bitcoin was like "Enron in the making".Prince Alwaleed, whose company invests in major U.S. companies [...]

ONS rebuffs reports over £500 billion in ‘missing’ UK assets

Tuesday  03:01,   24 october 2017
Press Association

The Office for National Statistics addressed the report in a blog post.An Office for National Statistics (ONS) blog post on Monday addressed a recent revision to the UK’s net International Investment Position (IIP) figure, which was the[...]

Sajid Javid proposes government borrowing to kick-start housebuilding

Tuesday  03:00,   24 october 2017
City AM

Housing secretary Sajid Javid has made a bold pitch to chancellor Philip Hammond ahead of next month's Budget, arguing that the government should borrow billions of pounds to fund new homes.Housing secretary Sajid Javid has made a bold[...]

Is Bellew preparing to take control at Ryanair?

Monday  17:50,   23 october 2017
Independent.ie

Peter Bellew's return to the Ryanair fold fires the starting gun on the race to succeed Michael O'Leary as the boss of Europe's largest airline.On Tuesday, Ryanair announced that Bellew would be rejoining the airline as chief operations[...]

30-year labour of love turns dull bungalow into a fairytale Venetian palace, complete with sunken garden, thrones and a moat

Monday  14:10,   23 october 2017
MSN

Dutch Gardens was a 30-year labour of love by property developer Trevor Wynne-Jones, who in 1966 paid £13,500 for the plot in Wraysbury, Berkshire, just under an hour's train journey from London.Drawing inspiration from Italian Renaissance[...]

Airbus turmoil overshadows bid to rescue CSeries

Monday  10:06,   23 october 2017
Reuters

By Tim[...]

Brexit transition deal needed as soon as possible, business leaders urge

Monday  10:06,   23 october 2017
Press Association

The private letter was reportedly signed by the CBI, British Chambers of Commerce, the EEF, the IoD and Federation of Small Businesses. The letter, originally obtained by Sky News, said: “Agreement (on a transition) is needed as soon as possible, as [...]

Oil prices rise on tightening supply, strong demand

Monday  10:02,   23 october 2017
Reuters

<p>Oil prices rose on Monday <g class="gr_ gr_3 gr-alert gr_spell gr_inline_cards gr_run_anim ContextualSpelling ins-del" data-gr-id="3" id="3">over supply</g> concerns in the Middle East and as the U.S. market [...]

Boeing Posts Another 52-Week High, Remains DJIA’s Top Performer

Monday  10:02,   23 october 2017
24/7 Wall St.

Boeing stock closed the week once again as the leading gainer among the 30 Dow stocks. The share price gain for the year to date is nearly 30[...]

Public sector pay below private sector for first time since before 2008 crisis

Monday  10:01,   23 october 2017
Press Association

The GMB is now calling on Philip Hammond to bring in above-inflation pay rises for public sector workers at next month’s Budget. Mr Hammond has already announced a partial lifting of the 1% public sector pay cap, affecting only the police and prison [...]

Dollar/yen hits three-month high, Abe election win adds to bullish mood

Monday  10:01,   23 october 2017
Reuters

<p>The dollar edged up to a three-month high against the yen on Monday, with an emphatic election victory for Japan's ruling party keeping yen-weakening reflationary measures at the heart of government policy.</p>The election outcome added [...]

Universal Credit Six-Week Wait Could Soon Be Reduced, Tory MP Suggests

Monday  10:01,   23 october 2017
Huffington Post UK

Ministers are ready to reduce the waiting time for Universal Credit payments from six weeks following an outcry from Tory MPs, it has been suggested. One of those who threatened to rebel over the roll-out of the flagship benefit reform, Stephen[...]

Nearly 1,200 firms moved their headquarters out of Catalonia

Sunday  12:45,   22 october 2017
AFP

Nearly 1,200 companies of all sizes have shifted their legal headquarters out of Catalonia to other parts of Spain since the region held a banned independence referendum, Spain's commercial registrar said Friday. Between October 2, the day after [...]

Chinese fund to buy Pearson TEFL arm

Sunday  12:45,   22 october 2017
Independent.ie

Pearson is in advanced talks to sell its English language training business to a consortium including Baring Private Equity Asia and Chinese private equity fund Citic Capital Holdings, according to people familiar with the matter. A deal could value [...]

Aussies in £550m battle for Buxton funds arm

Saturday  20:40,   21 october 2017
Sky News

Two Australian financial services giants are engaged in a £550m takeover battle for the fund management business headed by Richard Buxton, one of the City's best-known investors.Sky News has learnt that Challenger and Macquarie Investment[...]