News: Money

Investors to get £66m back after fund collapse

Saturday  23:24,   11 november 2017
Sky News

More than 1,200 investors in a collapsed income fund are set to get the value of their investments returned - a total of £66m. The announcement was made by the City watchdog as its long-running inquiry into the Capita Financial Managers' (CFM)[...]

Irish Border Throws Unexpected Hurdle Into Brexit Talks

Saturday  23:23,   11 november 2017
Bloomberg

The future of the Irish border erupted unexpectedly into Brexit talks this week, as the European Union made new demands on Britain that risk distracting from efforts to reach a breakthrough by year-end. The EU circulated a document to diplomats that [...]

Is this Samsung's next high-end Android flip phone?

Saturday  23:22,   11 november 2017
CNET

Live images were spotted of what is said to be a high-end flipper.Samsung, which has an affinity for high end flip phones, may be working on a new Android-powered flip phone called the SM-W2018. And after seeing some hands-on pictures that could be[...]

The UK housing market is 'stuttering' — and London house prices are falling

Saturday  23:22,   11 november 2017
MSN

The UK housing market continued to "stutter" in October with demand from buyers and agreed sales declining further, a major survey shows. LONDON — The UK housing market continued to "stutter" in October with demand from buyers and [...]

Euro-Area Growth Forecast Lifted Again as U.K. Outlook Dims

Saturday  23:21,   11 november 2017
Bloomberg

The euro-area economy will grow at the fastest pace in a decade this year, while the U.K. heads into an extended slowdown, the European Commission said, highlighting the increasing divergence between the continent and the British economy. Raising[...]

Ford tests exoskeleton to ease strain on factory workers

Saturday  23:21,   11 november 2017
Engadget

Companies are starting to propose functioning exoskeletons for real applications, from soldier support to helping paraplegic patients walk. But they could also be customized to help everyday workers with their harder tasks, as Lowe's lift-easing[...]

British official urges social media companies to block militant content

Saturday  23:20,   11 november 2017
Reuters

<p>Britain's top internal security official is pressing social media companies to devise automatic systems to spot and block violent militant messaging before it is posted on their networks.</p>Amber Rudd, home secretary in the[...]

From Brussels With Love: Authors Reckon MI6 Is Working on Brexit

Thursday  21:07,   09 november 2017
Bloomberg

Britain is probably spying on other European Union countries as it negotiates its departure from the bloc, according to two academics who have written a history of the U.K. government’s use of intelligence agencies. It wouldn’t be anything new,[...]

Crackdown on Billionaires, Top Officials Shakes Saudi Arabia

Thursday  21:05,   09 november 2017
Bloomberg

Even by the standards of Crown Prince Mohammed bin Salman, whose meteoric ascent has put him on the cusp of the Saudi throne at the age of 32, the Saturday night crackdown was stunning. In just a few hours, security forces arrested princes,[...]

Shortage of EU workers pushing up UK pay - survey of recruiters

Thursday  15:15,   09 november 2017
Reuters

British employers are having to raise their pay offers to hire new staff and counter a growing shortage of European Union workers ahead of Brexit, a group representing recruitment firms said on Wednesday. The Recruitment and Employment Confederation [...]

Sainsbury's suffers 9% fall in half-year profits

Thursday  15:15,   09 november 2017
Sky News

Sainsbury's has reported a 9% dip in half-year profits to £251m despite a 17% rise in group sales. The group said losses at Argos, which it bought last year and has been integrating into its supermarket offering, higher wages and investment in[...]

M&S signals more store closures in shake-up

Thursday  15:11,   09 november 2017
Sky News

Marks and Spencer has signalled it is to accelerate store closures as it bids to make "significant" cost savings and "reshape" the business.The chain said it was stepping up its transformation efforts across M&S in a bid to[...]

Brexit Should Be Prevented, German Government Advisers Say

Thursday  15:10,   09 november 2017
Bloomberg

The U.K.’s exit from the European Union should be prevented due to the “far-reaching impact” Brexit would have, Germany’s Council of Economic Experts, which advises Chancellor Angela Merkel, said Wednesday. If Britain does leave the bloc, an[...]

M&S signals more store closures in shake-up

Thursday  15:10,   09 november 2017
Sky News

Marks and Spencer has signalled it is to accelerate store closures as it bids to make "significant" cost savings and "reshape" the business.The chain said it was stepping up its transformation efforts across M&S in a bid to[...]

Paradise Papers: The biggest names caught up in the leak so far

Thursday  15:07,   09 november 2017
Business Insider

WPA Pool / GettyLONDON — The International Consortium of Investigative Journalists published the latest of its investigations into the financial affairs of the rich and famous, detailing how some of the world's wealthiest and mostThe latest[...]