Gatehouse Bank lands latest top 10 forex brokers in philippines snow in the best buy savings battle with table-topping fixed rates of up to 2. What next for bitcoin and will it rise again? Can I get broadband without a landline?
How good are people in your job at saving into a pension? Money Morals: What should I charge a friend to rent my spare room? Should I pay off my student loan before applying for a mortgage? Joshua Mahony, market analyst at IG, said: ‘Bullish sentiment has been flushed out, with both European and US markets turning lower after the US open. A slide in the FTSE 100 was always likely given the impact of a host of big names going ex-dividend, yet the bigger worry has come at the end of the session rather than the beginning. Continued fears over the pathway of trade negotiations with China are sure to be playing into investor fears, and it is certainly a worry that we are seeing such unconvincing trade in the US despite a largely encouraging earnings season. Trump will be boosted by the new of a massive narrowing of the US trade deficit, with the President likely to go reinvigorated into negotiations with the likes of China.
With US exports now standing at the highest level since records began, there is no doubt that the US economic picture is improving and that is being reflected in a stronger dollar. David Madden, market analyst at CMC Markets, said: ‘European equity markets are lower today as weakened global sentiment encouraged profit-taking. Some major European indices hit their highest levels since February yesterday, and investors are now locking in some profits. Traders took their cues from Asia overnight and decided to exit the equity markets, partially driven by higher yields on government bonds. US stock markets are in the red today as traders are feeling a little less bullish after the Federal Reserve meeting last night. The US central bank failed to deliver the upbeat outlook the market was expecting, and stocks are lower as a result.
The Fed might still hike interest rates three more times this year, but at the moment some investors are unconvinced. Connor Campbell, a financial analyst at Spread Ex, has said. It’s clear that investors aren’t confident about the outcome of the day’s delegation get-together. The Dow Jones plunged more than 250 points after the bell, diving below 23700 for the first time in a month. With little else to go on, the European indices took their cue from the US losses.
12800, 3 month highs struck on Wednesday. As for the FTSE, the UK index shed 50 points, shying away from 7550 to return to 7500 for the umpteenth time this week. 12 billion merger with Asda is facing further scrutiny after two parliamentary committees raised concerns over the impact on shop prices and suppliers. The chairs of the Business and Environment committees have written to the competition watchdog, urging it to consider issues of ‘market dominance’ and whether the deal will create ‘local monopolies’. 51 billion and a network of 2,800 Sainsbury’s, Asda and Argos stores.
Neil Parish, chair of the Environment, Food and Rural Affairs Committee, said: ‘Grocery retailers don’t have a gleaming record of treating suppliers well and the Groceries Code Adjudicator’s 2017 survey found that Asda was the worst grocery retailer in the eyes of its suppliers. The cost savings being promised through this merger must not come through squeezing those further down the supply chain. Jane Denton has the whole story. A Virgin Media call centre in Llansamlet, Swansea, has been earmarked for closure with nearly 800 jobs set to be axed. The media giant will instead have a central head office based in Manchester, reducing its UK sites from eight to four. 552 staff positions will be cut and 222 sub contracting roles lost with some said to have been offered new roles in Manchester, India or the Philippines.
6million bonus he was due following the ‘integration’ of its IT systems which left millions locked out of their accounts – but he could still receive an annual bonus. 2million for the project, has now given up his ‘integration bonus’. Customers have been left unable to access their cash, make vital payments and run their businesses properly as a result of the scandal. But he admitted bosses at the bank, including Mr Pester, could still get a bonus at the end of the year, despite the scandal. The revelation came in the middle of a tough grilling by the bank’s bosses who were quizzed about how the long-planned IT switch-over ended in such chaos. Hundreds of workers at food firm Kellogg’s are being offered the chance to finish work at noon on Fridays under a ‘summer hours scheme.
The 420 staff based at the company’s head office in Salford will be able to leave early, starting this week, provided they have completed their contracted hours. Kellogg’s said the initiative, which runs until September, will actually improve productivity and give staff the flexibility to have a long weekend break. Sue Platt, Kellogg’s UK human resources director, said: ‘Flexible working is something we take very seriously at Kellogg’s and we encourage all our UK office-based employees to make the most of the summer hours scheme. Summer hours is part of a package we offer to ensure we provide work-life balance opportunities to all employees.
Could this be the answer to the UK’s productivity problems? As the Bank of England tries to gauge how much of the recent dip in economic activity was temporary, the message from the latest services PMI is that the snow wasn’t entirely to blame. Whilst disposable incomes are no longer falling, higher food and fuel costs are still largely offsetting rising pay packets. And with consumer credit growth having fallen sharply in March, there are few obvious ways that shoppers can finance higher spending in the near-term.