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News: Money

IMF puts itself at odds with Trump over US growth

Friday  06:25,   15 june 2018
msn

America’s yawning budget deficit could trigger an upsurge of inflation and interest rates that shakes financial markets, according to a report by the International Monetary Fund. In a concluding statement following its regular Article IV assessment [...]

4,600 jobs to go at jet engine maker Rolls-Royce

Friday  06:15,   15 june 2018
news.sky

Rolls-Royce is to cut 4,600 managerial and support jobs as the jet engine maker introduces its latest restructuring plan. Most of the jobs will be axed in the UK, where the FTSE 100 company employs 23,000 out of a global workforce of 50,000.A third [...]

European Central Bank winds down crisis-era stimulus programme

Friday  05:25,   15 june 2018
msn

The bond purchases will be wound up completely after December. The bank was careful to underline that it would withdraw support for the economy only gradually, saying its key interest rates would not rise from record lows until at least summer next[...]

End this betrayal of savers: Pensioners left unable to afford even a coffee with friends after ministers broke promise to free up annuity cash

Thursday  19:04,   14 june 2018
dailymail.co.uk

We have uncovered a statement made two years ago by Simon Kirby in the aftermath of the devastating U-turn that denied five million savers the opportunity to cash in their pensions , in which he said the Government would take action to unlock[...]

Disney Under Gun to Respond to Comcast's $65 Billion Fox Bid

Thursday  16:27,   14 june 2018
msn

Your move,[...]

Number of borrowers re-mortgaging surges by a third year-on-year

Thursday  15:41,   14 june 2018
msn

Re-mortgaging activity bounced back to strong levels in April, as borrowers locked into attractive fixed-rate deals, UK Finance has said.Trade association UK Finance said speculation about a possible Bank of England base rate rise, as large numbers[...]

Fired Tesla Workers Still Love Elon Musk

Thursday  15:15,   14 june 2018
msn

Tesla Inc. just started bidding farewell to more than 3,000 employees, the biggest layoffs in the company’s 15-year history. “It is the right thing for the company,” wrote Kevin Throop, a sales manager who had been at Tesla since[...]

Plumbing boss hits out after losing employment case

Thursday  12:06,   14 june 2018
news.sky

The chief executive of a plumbing firm has hit out at judges after a worker won a landmark legal case likely to have widespread implications for workers on self-employment contracts. Pimlico Plumbers boss Charlie Mullins branded the judges'[...]

Blow to gig economy as plumbing firm loses employment case at Supreme Court

Thursday  11:46,   14 june 2018
msn

Gary Smith will now be able to go ahead with an employment tribunal claim for unfair dismissal against Pimlico Plumbers as a ‘worker’.Gary Smith, who worked for Pimlico Plumbers for nearly six years from 2005, previously won a number of court[...]

Hackers access 5.9m bank cards at Dixons Carphone

Thursday  11:15,   14 june 2018
news.sky

Dixons Carphone says it has been the victim of an "unauthorised data access" in which millions of customer bank card details were targeted over the past 12 months. The company believed there were attempts since last July - only discovered [...]

WPP investors revolt over Sir Martin Sorrell's exit pay

Thursday  06:15,   14 june 2018
cityam

WPP has voted to reinstate chairman Roberto Quarta, despite facing a fierce shareholders revolt over the pay packet Sir Martin Sorrell received when he left the company. At the company's annual generalAt the company's annual general meeting[...]

Bitcoin price tumbles to a 2018 low: Speculators who bought in at last December's peak are sitting on a 66% loss

Wednesday  18:30,   13 june 2018
dailymail.co.uk

The price of bitcoin has tumbled to its 2018 low today and means that those who invested in December now may face an anxious wait to see if it can reach previous peaks.Bitcoin has fallen below $6,500, down to its lowest level since early November[...]

CBI warns UK car industry faces ‘extinction’ on exit from customs union

Wednesday  17:12,   13 june 2018
msn

Parts of the UK car industry face extinction unless the UK remains in the customs union, the head of the Confederation of British Industry has said. Speaking to BBC Radio 4’s Today programme, the president of the CBI Paul Dreschler said[...]

House prices hit a new record high, as flats suffer a slowdown but semi-detached homes are in demand

Wednesday  16:55,   13 june 2018
dailymail.co.uk

House prices have hit a fresh record high in the UK but property inflation has slowed to its lowest level since March 2017, according to official figures. The average house price was up 3.9 per cent in the year to £227,000 in the year to April, the[...]

Takeaway wars! Deliveroo bid to torpedo arch rival Just Eat ...by targetting curry houses

Wednesday  14:56,   13 june 2018
dailymail.co.uk

Deliveroo is poised to hire thousands of extra delivery riders so that it can start offering its services to UK takeaway restaurants for the first time – putting it in direct competition with Just Eat. The expansion will see it target the nation's[...]