News: Money

The Gym Group criticised over ‘egregious’ working practices

Friday  08:11,   03 november 2017
Press Association

The Labour veteran has demanded an explanation from the company’s chief executive John Treharne.The Labour veteran has demanded an explanation from the company’s chief executive John Treharne after a whistleblower highlighted the terms of the[...]

House prices across Britain expected to grow by 14% by 2022

Friday  03:15,   03 november 2017
Press Association

Savills expects house price growth regionally to range from an 18% increase in the North West to a 7% uplift across London.Between 2018 and 2022, house prices across Britain are projected by real estate adviser Savills to grow by[...]

Pound Slides as BOE Rate Hike Looks to Be the Last for Now

Thursday  20:57,   02 november 2017
Bloomberg

The pound slumped as the Bank of England raised interest rates for the first time in a decade and signaled that another increase isn’t imminent. Sterling fell for a second day against the dollar, 10-year gilts rallied and the FTSE-100 Index extended [...]

The Truth About the 10 Biggest Brexit Myths (of the Moment)

Thursday  20:51,   02 november 2017
Bloomberg

It’s been seven months since the U.K. triggered the two-year countdown to Britain’s exit from the European Union, but the path to Brexit remains murkier than ever as officials contradict each other. U.K. Prime Minister Theresa May voted to Remain[...]

Mark Carney knows a recession is coming — that's why he is under pressure to raise interest rates

Thursday  20:48,   02 november 2017
MSN

Everyone thinks the Bank of England will raise interest rates to 0.5%. But the economy isn't actually that strong and, under different circumstances, the central bank might prefer to leave the rate where it[...]

Tesco boss 'shock' over misstated profits

Thursday  20:47,   02 november 2017
Sky News

Tesco chief executive Dave Lewis has told a jury of his shock and surprise when he learned of a £250m profit misstatement shortly after being appointed boss of Britain’s biggest supermarket. He was giving evidence at the trial of three former[...]

Bitcoin soars past $7,100

Thursday  20:45,   02 november 2017
Business Insider

LONDON – Bitcoin's rapid rise continues, with the cryptocurrency shooting past $7,000 per coin on Thursday morning. Bitcoin passed $7,000 per coin for the first time ever and, at 10.40 a.m. GMT (6.40 a.m. ET), the digital currency is up over 5% [...]

Why has the Bank of England raised rates?

Thursday  20:45,   02 november 2017
Sky News

So it begins. Britain has finally embarked on the long road towards normal interest rates. Or has it? While today's Bank of England decision to raise interest rates to 0.5% is certainly significant - the first such moment in a decade - it is worth[...]

This Is Why UK Workers Are Not Taking All Their Annual Leave

Thursday  12:37,   02 november 2017
Refinery29

In many workplaces, holiday days are a precious commodity. We save them up for special occasions (read: friends' weddings) and the savviest among us even know how to maximise our time off by booking them strategically. But not everyone[...]

Facebook's fight to kill fake news may hurt its profit margin

Thursday  12:36,   02 november 2017
CNBC

Facebook told investors that it's cleaning up the site even if profit margins come down."I want to be clear about what our priority is," Zuckerberg said on Wednesday after the company reported third-quarter earnings. "Protecting our community is [...]

BT staff braced for news of pension cuts

Thursday  05:55,   02 november 2017
Sky News

Thousands of BT employees will be told later this month of proposed cuts to their pension benefits as the telecoms giant wrestles with a near-£14bn deficit in its retirement schemes. Sky News understands that BT Group will say on Thursday alongside [...]

Analysts are unanimous: The Bank of England will raise interest rates for the first time in 10 years

Thursday  05:54,   02 november 2017
Tech Insider

Analysts are unanimous in their belief that the Bank of England will hike interest rates on Thursday. Rates are set to increase from 0.25% to 0.5% in the bank's first hike since 2007. LONDON — On Thursday at noon, the Bank of England[...]

Pound loses steam ahead of Bank of England rate decision

Thursday  05:52,   02 november 2017
Press Association

The FTSE 100 also fell into the red on Wednesday.Sterling was down 0.16% versus the US dollar at 1.326 and was nearly flat versus the euro, up just 0.06% at[...]

Rate hike to have 'modest' impact on mortgages

Thursday  05:50,   02 november 2017
Sky News

An expected Bank of England interest rate rise will have only a "modest" impact on mortgage borrowers, the UK' s biggest building society said. Nationwide said fewer homeowners in the past would be affected, as the vast majority[...]

ATM operators warn thousands could close

Thursday  03:25,   02 november 2017
Sky News

Thousands of free-to-use cash machines could be axed from Britain's high streets under plans to cut the fees they receive, the ATM industry body has warned. LINK, the UK cash machine network behind the plan, said its proposals came because of[...]