Delighted to announce Andrew Bailey as the next Governor of the Bank of England - he was the standout candidate.— Sajid Javid (@sajidjavid) December 20, 2019
Loans and Finance
Friday, December 20, 2019
Thursday, December 19, 2019
Well this is a first, a bank error in my favour.
Natwest have written to me telling me that they have identified errors on fx charges on some of my international transactions between March 2010 and May 2014.
I have received a refund of £86 including interest and net of tax.
Now here are three questions:
1 Why has it taken so long for this error to be identified and quantified?
2 How many other people have been affected, and at what cost to NatWest?
3 Have other banks also made erroneous/inaccurate fx charges?
Hijacked Bank of England audio feed sold to hedge funds seconds ahead of broadcast - Sky News#CarneyOut https://t.co/Cj8EDJc5vj— Purpleline (Boris Island) (@purpleline) December 19, 2019
Wednesday, December 18, 2019
We are sorry to say we are still experiencing technical issues with our registration website. We apologise sincerely for the inconvenience. While we continue to work with our third party provider to resolve the issue, you can call our customer service team on 0800 316 1442— Hotpoint UK (@HotpointUK) December 18, 2019
Thursday, December 12, 2019
Thursday, December 05, 2019
BBC News - HSBC to bring in single overdraft rate of 40% > Usury (noun) the practice of lending money at unreasonably high rates of interest https://t.co/PryCcrmPEP— Stuart Jones (@StuartJones) December 5, 2019
Tuesday, December 03, 2019
It would seem that, at best, the world economy will drift aimlessly for the next year or so!TRUMP SAYS I HAVE NO DEADLINE ON CHINA DEAL AND IT MIGHT BE BETTER TO WAIT UNTIL AFTER NOVEMBER 2020 ELECTION— fiatcurrency (@fiatcurrency) December 3, 2019
Tuesday, November 26, 2019
Monday, November 11, 2019
Wednesday, November 06, 2019
Like-for-like sales in clothing and home fell by 5.5% during the six months to 30 September, worse than the expected 4.3% drop.
However, like-for-like sales in food grew by 0.9%, ahead of a forecast 0.3% rise.
M&S need to consider spinning off their food business into a stand alone business, and facing the reality that they are no longer a clothing retailer.
Monday, November 04, 2019
The cuts are the result of performance reviews involving of some of KPMG’s senior team, and follow on from reports that KPMG's private members' club will be closed.
Monday, October 28, 2019
The Telegraph reports that KPMG is exploring plans to close the five-storey townhouse at 20 Grosvenor Street, which boasts a rooftop terrace, restaurant and private meeting rooms.
KPMG will also transfer most of its marketing department from Canary Wharf to Reading.
It is understood that around 50 roles were placed at risk of redundancy as a result of the restructure.
Known as Number Twenty, the facility was set up only four years ago to entertain clients.
Friday, October 25, 2019
BREAKING Sajid Javid has "postponed" production of the new Brexit 50p coins due to the likelihood that the UK will not leave the European Union next Thursday.https://t.co/dh5kbLuWrj— Christopher Hope📝 (@christopherhope) October 25, 2019
Monday, October 21, 2019
Tuesday, October 15, 2019
Mark Carney tells the Treasury Select Committee that 'there will be material moves' in the value of the pound in the run up to the October 31 Brexit deadline.— Jack Maidment (@jrmaidment) October 15, 2019
He says those moves could go either way depending on events. 📈📉
The Board saddled the company with debts that it could not afford.Business Committee hearing from the CEO, Chair, CFO, audit ctte chair and head of the remuneration committee of Thomas Cook in a sec. 👀 Live on BBC Parliament obvs— Alex Partridge 🚡 (@alexpartridge87) October 15, 2019
.@RachelReevesMP @CommonsBEIS chair: "It was not a complex business, the complexity was the debt you saddled the company with... The truth is you failed... these debts caught up with you"— Paul Kelso (@pkelso) October 15, 2019
Monday, October 14, 2019
Wednesday, October 09, 2019
ECB'S DE GUINDOS SAYS WE HAVE NOT INCLUDED IN THE BASELINE THE POSSIBILITY OF A NO-DEAL BREXIT, OR EVEN AN ESCALATION OF TRADE TENSIONS, IF THESE DOWNWARD RISKS MATERIALISE, THE GROWTH OUTLOOK WILL DETERIORATE FURTHER - RTRS— Martin Baccardax (@mdbaccardax) October 9, 2019
Thursday, October 03, 2019
September UK #PMI surveys indicated the second-largest monthly fall in business activity since the global financial crisis, pointing to a second successive quarterly drop in #GDP 1/ pic.twitter.com/X8Du68hbyU— Chris Williamson (@WilliamsonChris) October 3, 2019
Monday, September 23, 2019
As per the BBC:We are sorry to announce that Thomas Cook has ceased trading with immediate effect.— Thomas Cook (@ThomasCookUK) September 23, 2019
This account will not be monitored.
Please visit https://t.co/WWiKkzLYQJ for further advice and information.#ThomasCook pic.twitter.com/Nf1X3jn97x
My sympathies to those who have lost their jobs."Thomas Cook has collapsed after last-minute negotiations aimed at saving the 178-year-old holiday firm failed.The UK Civil Aviation Authority (CAA) said the tour operator had "ceased trading with immediate effect".
It has also triggered the biggest ever peacetime repatriation, aimed at bringing more than 150,000 British holidaymakers home.
Peter Fankhauser, Thomas Cook's chief executive, said the firm's collapse was a "matter of profound regret".
Commenting as the company entered compulsory liquidation, Mr Fankhauser also apologised to the firm's "millions of customers, and thousands of employees".
The tour operator's failure puts 22,000 jobs at risk worldwide, including 9,000 in the UK."
Wednesday, September 18, 2019
Wednesday, September 11, 2019
The Federal Reserve should get our interest rates down to ZERO, or less, and we should then start to refinance our debt. INTEREST COST COULD BE BROUGHT WAY DOWN, while at the same time substantially lengthening the term. We have the great currency, power, and balance sheet.....— Donald J. Trump (@realDonaldTrump) September 11, 2019
....The USA should always be paying the the lowest rate. No Inflation! It is only the naïveté of Jay Powell and the Federal Reserve that doesn’t allow us to do what other countries are already doing. A once in a lifetime opportunity that we are missing because of “Boneheads.”— Donald J. Trump (@realDonaldTrump) September 11, 2019
Wednesday, August 28, 2019
⚠️ Our website is currently unavailable. We're working hard getting it back up and running for you.— NatWest (@NatWest_Help) August 28, 2019
Online Banking and our mobile app are still working. Sorry if this is causing you problems - we’ll post an update when we have more information. pic.twitter.com/3wBWnjTyOT
Friday, August 23, 2019
The transport logistics company revealed a £2m discrepancy in its accounts last month.
Sebastien Desreumaux, currently head of iForce, will take over from Mr Laffey.
A review of its statements by new chief financial officer, Anoop Kangits, found that the 2018 adjusted operating profit figure of £55.3m was overstated by about 4%.
Publication of the firm's financial results for the six months to 31 May 2019 has now been delayed to early September.
The firm added that half year profits were likely to be "significantly lower" than suggested in a recent trading update, and that it is "applying a more prudent approach to revenue recognition".
Ironically the company's largest shareholder is troubled fund manager Neil Woodford, who holds a 22.9% stake.
Wednesday, August 21, 2019
"Just because you spent a lot of money on something, should not mean that you just carry on ploughing more and more money into it"— BBC Politics (@BBCPolitics) August 21, 2019
Transport Secretary Grant Shapps says it's possible HS2 rail project could be scrapped, as government review is announcedhttps://t.co/uS6B9WDvuN pic.twitter.com/q6q4tHYQcD
Monday, August 19, 2019
Thursday, August 15, 2019
Wednesday, August 14, 2019
Economists had expected inflation to drop to 1.9 per cent from 2 per cent in June.
However, official data showed an increase in the Consumer Price Index, driven by rises in the prices of games, toys, hotels, clothing and footwear.
Tuesday, August 13, 2019
Friday, August 09, 2019
Thursday, August 08, 2019
For good measure it noted that "BUR’s governance strictures are laughter-inducing."
The FT reports that Burford has lost £1.7bn of market value over two days. Its shares were down 46 per cent at the close.
Wednesday, August 07, 2019
German industrial production is collapsing wiping out the last 4 years of growth.— Dilip Shah (@DilipShah_) August 7, 2019
Likely Germany will have a recession 2019Q2 & 2019Q3 negative as weakness is spreading from Automobile to other sectors.
Troubled times for what was the #EU and #Eurozone most sucessful economy. https://t.co/IqnB4kTuVt
So the CEO of HSBC was fired yesterday and the rumor is this: the BOE found out that they were lending to the PBOC to prop up the currency. If this is true, this is nuts.— JoelHeyman (@JoelHeyman) August 6, 2019
Wednesday, July 31, 2019
China's Global Times reacts: “The Chinese economy is so stable... that it has given us full confidence to say ‘no’ to compromises against our principles. The constant U.S. rants on how bad China’s economy is tells us that Washington is more anxious than us to reach a deal.” https://t.co/CPO9fez8PV— Anna Fifield (@annafifield) July 31, 2019
Tuesday, July 30, 2019
The FBI has arrested a 33-year-old software engineer in Seattle as part of an investigation into a massive data breach at financial services company Capital One.
Paige A. Thompson, also known by the online handle “erratic,” has been charged with one count of computer fraud and abuse, after an investigation uncovered that a hacker had broken into cloud servers run by Capital One and stole data related to over 100 million credit-card applications.
Exposed information, according to Capital One, included data collected in credit card applications between 2005 and early 2019 such as:
- zip codes/postal codes
- phone numbers
- email addresses
- dates of birth
- Customer status data, e.g., credit scores, credit limits, balances, payment history, contact information
- Fragments of transaction data from a total of 23 days during 2016, 2017 and 2018
Thursday, July 18, 2019
Wednesday, July 17, 2019
Monday, July 15, 2019
Friday, July 12, 2019
I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity....— Donald J. Trump (@realDonaldTrump) July 12, 2019
Meaty speech from Bank of England MPC member Vlieghe talking at @Reuters 🧨🧨🧨— Andy Bruce (@BruceReuters) July 12, 2019
• Rates could be cut to nearly 0% in no-deal Brexit
• Explicit rate guidance if there's a deal: 1% in year, 1.25% in 2 years, 1.75% in 3
• But rate hikes would require global economy to improve
One in five of those who expect to move house in the next two years have delayed moving in the past year due to Brexit uncertainty according to the Bank of England Financial Stability Report.#ukhousinghttps://t.co/j1Vi7bzemG pic.twitter.com/cvGrEJBNCX— Noble Francis (@NobleFrancis) July 11, 2019
Monday, July 08, 2019
Some Deutsche Bank staff in London told they have until 11am to pack up their stuff, just hours after the overhaul was announced. "I'm trying to get my head straight," says one person who has been told his pass will stop working in a few hours— Lucy Burton (@Lucymburton) July 8, 2019
Friday, July 05, 2019
Strange world: So #India's ride hailing service #Ola gets green light to operate in London in competition with #Uber. One of the biggest shareholders in both?— Adam Bates (@AdamBates_D6) July 5, 2019
Japan's #Softbankhttps://t.co/ntYIp9LT72 via @financialtimes
Thursday, July 04, 2019
Wednesday, July 03, 2019
I see that the EU have made a very "interesting " appointment to head up the ECB, a woman who was found guilty of criminal charges over a £355M government payout.
On the positive side, she was fined but not jailed!
Tuesday, July 02, 2019
Wednesday, June 26, 2019
Mark Carney, the Governor of the Bank of England, hints at interest rate cuts in the event of a No Deal Brexit.— Jack Maidment (@jrmaidment) June 26, 2019
He tells the Treasury Select Committee that in such a scenario it would be "more likely that we would provide some stimulus".
Monday, June 24, 2019
Jeremy Hunt proposed a solution last week...The UK population is ageing. People are living longer, women are having fewer children and the number of pensioners is growing https://t.co/W3pEMHYUzU pic.twitter.com/tTQhprVZtI— ONS (@ONS) June 24, 2019
Thursday, June 20, 2019
Wednesday, June 19, 2019
RE: my hypothesis that Mike Pence is only publicly used when the U.S is taking an ultra-hawkish approach on a foreign policy issue, rumours that his Tiananmen Speech was cancelled on the hopes of a G20 breakthrough between Xi and Trump seem to confirm this.— Tom Fowdy (@Tom_Fowdy) June 19, 2019
Tuesday, June 18, 2019
Friday, June 07, 2019
Monday, June 03, 2019
Tuesday, May 28, 2019
Mad but encouraging press release from DeVere - £12bn fund manager... Corbyn's new pro-PV positon "spooks financial markets" because it makes Labour more likely to win... pic.twitter.com/DhgTe137eQ— Paul Mason (@paulmasonnews) May 28, 2019
Thursday, May 23, 2019
Chosun Ilbo reports that the U.S. State Department asked South Korea to "take part in the war against @Huawei," esp. asking LG U+ in particular to ultimately ban all Huawei products, citing unidentified diplomatic sources in Seoul. https://t.co/W4bVJrSkbg— Jihye Lee 이지혜 (@TheJihyeLee) May 23, 2019
Wednesday, May 22, 2019
Tuesday, May 21, 2019
According to some "private equity executive" quoted in the FT, Britain (or at the very least London) will become the "new Bangladesh" under a post Brexit Corbyn government.
Not sure if he thinks that's a good or a bad thing?
Monday, May 20, 2019
The ban means that new Huawei phones will no longer be able to access certain apps, such as Google Maps and YouTube, and existing phones will not be able to update their Android operating systems.
Thursday, May 16, 2019
The pardon of Conrad Black, a political ally and longtime associate of Mr. Trump’s, was the latest example of the president using one of the unilateral powers of his office to absolve a high-profile public figure whose case resonates with him personally https://t.co/njCUrSrbeM— Annie Karni (@anniekarni) May 16, 2019
Wednesday, May 15, 2019
Tuesday, May 14, 2019
- The UK employment rate was estimated at 76.1%, higher than for a year earlier (75.6%) and the joint- highest figure on record.
- The UK unemployment rate was estimated at 3.8%; it has not been lower since October to December 1974.
- The UK economic inactivity rate was estimated at 20.8%, lower than for a year earlier (21.1%) and close to a record low.
- Excluding bonuses, average weekly earnings for employees in Great Britain were estimated to have increased by 3.3%, before adjusting for inflation, and by 1.5%, after adjusting for inflation, compared with a year earlier.
- Including bonuses, average weekly earnings for employees in Great Britain were estimated to have increased by 3.2%, before adjusting for inflation, and by 1.3%, after adjusting for inflation, compared with a year earlier.
Despite Brexit and a truly awful government!
Wednesday, May 08, 2019
Tuesday, April 30, 2019
NEWS: The president, his kids and the Trump Org sue Deustsche Bank and Capital One to prevent them from responding to congressional subpoenas, according to papers filed today.— Maggie Haberman (@maggieNYT) April 30, 2019
Monday, April 29, 2019
Wednesday, April 24, 2019
Tuesday, April 23, 2019
Call me old fashioned, but I am of the view that sanctions can be overused to the point where they harm the country imposing them.Seemingly aiming for economic chaos and social unrest to foster regime change in Iran, in a further example of what US believes is its right to assert universal jurisdiction US now imposes sanctions not only against Iran, but any state buying oil from Iranhttps://t.co/ommLz0aHkV— Charles Shoebridge (@ShoebridgeC) April 22, 2019
Thursday, April 11, 2019
Tuesday, April 09, 2019
Wednesday, April 03, 2019
The company had given loans to about 800,000 people but went into administration earlier this year.
In a case that mirrors the demise of Wonga, the company folded after being hit by a wave of compensation claims for mis-sold loans.
Customers are now receiving emails to explain how much they owe or are owed.
However, now the company is in administration, those who have paid off loans but are entitled to compensation have become unsecured creditors. They can only expect a fraction of the full compensation payout.
Tuesday, March 19, 2019
Despite the best efforts of politicians to destroy the country, unemployment is now below 4% for the first time since 1975.Unemployment is below 4% for the first time since 1975. https://t.co/eKWGOtsqdR— Christopher Snowdon (@cjsnowdon) March 19, 2019
Monday, March 18, 2019
Germany’s two largest banks issued short statements after separate meetings of their management boards, a person with knowledge of the matter said, indicating a quickening of pace in the merger process, although both also warned that a deal was far from certain.
Thursday, March 07, 2019
Pre-tax profit last year rose 15% to £82.6m, marking the fifth year in a row that profits have increased.
The firms's shares have almost doubled in value since July last year.
Greggs knows what the market wants and is well savvy at marketing.
Tuesday, March 05, 2019
By happenstance Ingenious are going into bat against HMRC, over a £1BN film investment scheme.HSBC faces £150m+ lawsuit from 400 investors caught up in tax evoidance film scheme https://t.co/MLffsZGdF5 claims HSBC provided "various services connected with the formation, financing, structure and operation of Eclipse.” and Eclipse scheme was marketed with the help of HSBC.— Paul Lewis (@paullewismoney) March 5, 2019
Monday, March 04, 2019
Ms Meng was detained at Vancouver International Airport in December while transferring to an onward flight to Mexico. Her case sparked a political furore in China, where she is widely seen as the victim of a political vendetta by the US.
The FT reports that the lawsuit was filed on Friday and distributed to journalists by Ms Meng’s lawyers on Sunday.
It alleges that Canadian officers held her on the pretext of making a routine border and immigration inspection. That allowed them to interrogate her, as well as search her luggage and electronic devices, without affording her the rights to a lawyer and other protections that come into play when a suspect is formally arrested.
The detention was “a deliberate and premeditated effort on the part of the defendant officers to obtain evidence and information from the plaintiff in a manner that they knew constituted serious violations of the plaintiff’s rights”, according to the suit, filed in the Supreme Court of British Columbia.
Monday, February 25, 2019
Lady Brady was chairman of Taveta Investments, the company that owns Arcadia Group, which runs Sir Philip’s retail empire, including Topshop, Miss Selfridge and Dorothy Perkins.
Wednesday, February 20, 2019
Danske Bank closes banking activities in Baltics and Russia https://t.co/1WesBjlj7N #Companies #News #Business #Careers #Politics #Companies #Economy #Agrifish #Travel #Health #Meantime #trending#Danske #Bank #Baltics #Russia— POST Online Media (@poandpo) February 20, 2019
Tuesday, February 19, 2019
Monday, February 18, 2019
Thursday, February 14, 2019
Monday, February 11, 2019
Appalling new monthly figures for the economy in December from @ONS: every single sector contracted. Growing Brexit stagnation as everyone sits on their money for what next... piles yet more pressure on No10 to get a deal. pic.twitter.com/i7Rvn86KV3— Tom Newton Dunn (@tnewtondunn) February 11, 2019
Thursday, February 07, 2019
Wednesday, February 06, 2019
current https://t.co/eppLQHF2XN splash is via @gillplimmer1 on Interserve rescue talks:— Jim Pickard (@PickardJE) February 5, 2019
"One of the latest proposals would result in banks taking over 90 per cent of the company's shares in exchange for writing off around £300m of its £807m net debt."https://t.co/FEHFTSYrFs pic.twitter.com/7G0sjQMAON
Friday, January 25, 2019
Tuesday, January 22, 2019
"The share of the population in work is the highest on record," said David Freeman, ONS head of labour market.
"The share of the workforce looking for work and unable to find it remains at its lowest for over 40 years."
Average earnings excluding bonuses increased by 3.3% in the year to November, as wage rises continued to outpace inflation.
Wednesday, January 16, 2019
The Consumer Prices Index including owner occupiers’ housing costs (CPIH) 12-month inflation rate was 2.0% in December 2018, down from 2.2% in November 2018.
The largest downward contributions to change in the 12-month rate came from falls in petrol prices and from air fares, where ticket prices rose between November and December 2018, but by less than a year ago.
Given this and the ongoing Brexit uncertainty there is no way that the Bank of England will raise rates.