News: Money

HSBC: 'We were wrong' to think the pound would stay weak in 2017

Tuesday  17:10,   19 september 2017
MSN

Europe's largest bank by assets reverses direction on the pound and admits being wrong about sterling in 2017. LONDON — "We were[...]

HSBC sees two UK interest rate hikes by end-2018

Tuesday  17:10,   19 september 2017
Reuters

By Jemima[...]

Govt faces Brexit revolt from carmakers

Tuesday  17:06,   19 september 2017
Sky News

The Government faces a growing revolt from carmakers in Britain unhappy at the slow pace of clarity over post-Brexit customs arrangements crucial to their business model. Sky News has been shown internal industry memos, circulating at the Frankfurt [...]

Before you update to iOS 11 here's how to check which apps won't work

Tuesday  17:01,   19 september 2017
TechCrunch

<p>Before you hit the update button to grab iOS 11 it's worth checking which apps you'll be consigning to the digital dustbin of history.</p>iPhone users will get some under-the-hood changes -- paving the way for ARKit, Apple's new[...]

House price bounce back ‘fails to materialise’ in September

Tuesday  17:01,   19 september 2017
Press Association

The average asking price in Kensington and Chelsea fell by more than £300,000 between August and September, according to Rightmove’s index.In London the fall has been particularly sharp, with more than £18,000 having been shaved off average asking[...]

Selling your London property? Don’t forget your toothbrush

Tuesday  17:01,   19 september 2017
The Financial Times

Property sellers beware. If you open the door to a buying agent — someone who acts on behalf of a potential buyer to find their dream house, then secure it at the lowest price — they will not only be considering the number of en-suites.Henry Pryor,[...]

Ryanair cancels up to 50 flights daily after pilot holidays blunder

Tuesday  16:55,   19 september 2017
Press Association

Budget airline Ryanair is cancelling up to 50 flights daily for the next six weeks after it "messed up" the planning of pilot holidays. Kenny Jacobs, chief marketing officer, said the company was "working hard to fix" the problem, after[...]

Home Office lost a seven-year battle to slash its property tax bill by £16m

Tuesday  16:55,   19 september 2017
Press Association

The Home Office lost its lengthy appeal against the level of property taxes it pays for the site at 2 Marsham Street earlier this year.Amber Rudd’s Home Office eventually lost its lengthy appeal against the level of property taxes it pays for the[...]

Saudis May Raise Domestic Gasoline Prices by 80%

Tuesday  16:54,   19 september 2017
Bloomberg

Saudi Arabia is considering a plan to cut subsidies for gasoline and jet fuel in November at the latest, as the world’s biggest oil exporter pushes a program to curtail public spending after a global slump in prices. The government would boost[...]

Rolling Stone magazine is up for sale

Tuesday  16:53,   19 september 2017
Sky News

Trailblazing music and popular culture magazine Rolling Stone is putting itself up for sale. Publisher Wenner Media - the majority shareholder - said it was exploring strategic options for its stake in the iconic magazine "to best position the[...]

Shunning dollar, Venezuela lists oil prices in Chinese yuan

Tuesday  16:53,   19 september 2017
AFP

Venezuela on Friday began listing the price of its oil in the Chinese yuan, following President Nicolas Maduro's announcement last week that he would rid the economy of the "US imperialist system.The move was seen as a bid to weather[...]

Brexit fuels smuggling fears on the Irish border

Tuesday  16:53,   19 september 2017
Sky News

The UK's plan to leave the Customs Union has fuelled fears of an upsurge in smuggling on the Irish border. Different tax regimes on either side of it for the first time could increase the opportunity for illegal profit-making.It is a serious[...]

Floyd Mayweather Buys Beverly Hills Mansion For $26 Million

Tuesday  16:52,   19 september 2017
The Hollywood Reporter

The 15,000 square foot mansion will be where Mayweather intends to retire after his epic fight with Conor McGregor.The French Modern home has six bedrooms and 10 bathrooms and was renovated in 2015. The main house features a formal dining with 10[...]

U.K. Outlook Seen as Rosier as BOE Edges Closer to Rate Hike

Tuesday  16:42,   19 september 2017
Bloomberg

Bank of England officials aren’t the only ones feeling a bit more bullish about the U.K. economy. The Centre for Economics and Business Research upgraded its outlook for the nation’s economy Monday, citing a pickup in manufacturing and a view that[...]

KPMG's South Africa bosses purged over Gupta scandal

Tuesday  16:42,   19 september 2017
Reuters

<p>Global auditor KPMG cleared out its South African leadership en masse on Friday after damning findings from an internal investigation into work done for businessmen friends of President Jacob Zuma.<br></p><p></p>In particular, it[...]