News: Money

Airline stocks drop after Spain attacks

Saturday  14:21,   19 august 2017
Sky News

Global financial markets are feeling the effects of the Spain terror attacks - with all of the major European indices trading down on Friday morning. The FTSE 100 opened 0.6% down and had increased its losses to 1% by 10am, while the French CAC[...]

Bunnings loses £54m in first year running Homebase

Saturday  14:21,   19 august 2017
The Week

'Nobody had been able to make decent money from Homebase in years', commentator warnsThe UK arm of the Australian garden centre chain Bunnings recorded a loss of £54m for last year, marking a difficult first 12 months in charge of former[...]

Murdoch son donates $1 million to anti-hate crime group in Trump rebuke

Friday  21:41,   18 august 2017
AFP

James Murdoch, the chief executive of 21st Century Fox whose father Rupert has been a Donald Trump ally, criticized the US president's response to recent violence in Virginia and pledged to donate $1 million to countering hate. The unusual[...]

Heineken cleared to buy Punch pub chain

Friday  21:41,   18 august 2017
Sky News

The takeover of Punch Taverrns, one of the biggest deals in the UK pubs sector for several years, is set to go ahead after the competition watchdog accepted undertakings from buyer Heineken. The Dutch brewing giant agreed to sell pubs in 33 areas[...]

Tax-dodging landlords find the net is closing

Friday  21:36,   18 august 2017
The Financial Times

<p>You will quickly see that any financial privacy any of us once had (and hence any ability to be a long-term moonlighter) is either gone or[...]

Let’s hear it for the four-hour working day

Friday  21:36,   18 august 2017
Gulf Times

‘A culture that doesn’t allow for rest is self-defeating.’&nbsp;How much proper brainwork – not zoning out in meetings, or reorganising the stationery cupboard, but work that involves really thinking – should you aim to get done in one day? It[...]

Further rail strikes planned for September

Friday  21:35,   18 august 2017
Sky News

Workers at three separate rail companies will walk out over a long-running dispute about staffing on the network, the RMT union has announced. Southern Railway and Arriva Rail North will see staff strike on Friday 1 September and Monday 4[...]

Is it OK that EU migrants will enter the UK without checks post-Brexit?

Friday  21:35,   18 august 2017
City AM

DEBATE: Is it acceptable that EU migrants will be able to enter the UK without border checks after[...]

What Is Trump Worth to Twitter? One Analyst Estimates $2 Billion

Friday  21:35,   18 august 2017
Bloomberg

(Bloomberg) -- Without Donald Trump, Twitter Inc. could lose almost a fifth of its value. That’s the conclusion of Monness Crespi Hardt & Co. analyst James Cakmak, who said that the social media company would see as much as $2 billion in market[...]

Amazon Stock Market Value Drops By $5B After Single Tweet By Trump

Friday  21:35,   18 august 2017
Newsweek

The president has a long-running feud with Amazon CEO Jeff Bezos.Amazon’s stock market value plunged by more than $5 billion following a tweet by Donald Trump that criticized the company. The president took to Twitter on Wednesday to slam the[...]

Where to find inflation-beating cash savings accounts

Thursday  17:37,   17 august 2017
The Financial Times

This week, I banked nearly £300 thanks to a financial decision I made a year ago which took hardly any effort. By next week, for a little more effort, that figure will rise to almost[...]

British consumers try to cut costs at fastest pace in two years - Nielsen survey

Thursday  17:37,   17 august 2017
Reuters

More Britons tried to rein in their spending in the second quarter of this year than at any time since 2015 as rising inflation squeezed household incomes, according to a survey published on Thursday. Some 53 percent of Britons scrimped between[...]

Donald Trump attacks Merck CEO on Twitter after resignation from council

Thursday  17:36,   17 august 2017
Livemint

Merck CEO resigned from Donald Trump's council of manufacturing executives, saying US leaders must reject expressions of hatred, bigotry and group supremacy .He was almost immediately attacked by Trump on Twitter.Now that Ken Frazier of Merck[...]

Sterling bounces on better than expected wage data

Thursday  15:36,   17 august 2017
Reuters

Britain's pound recovered from its lowest levels against the euro in 10 months on Wednesday after data showed wages rising faster than expected.Analysts had called for earnings to rise by as much as 1.8 percent and the 2.1 percent jump, along[...]

£14bn class action lawsuit against Mastercard being revived

Thursday  15:36,   17 august 2017
Press Association

A proposed £14 billion class action lawsuit against Mastercard is being revived after lawyers filed to appeal against a ruling that barred the case from heading to trial last month. Lawyers for former financial ombudsman Walter Merricks have made[...]