News: Money

British consumers try to cut costs at fastest pace in two years - Nielsen survey

Thursday  17:37,   17 august 2017

More Britons tried to rein in their spending in the second quarter of this year than at any time since 2015 as rising inflation squeezed household incomes, according to a survey published on Thursday. Some 53 percent of Britons scrimped between[...]

Donald Trump attacks Merck CEO on Twitter after resignation from council

Thursday  17:36,   17 august 2017

Merck CEO resigned from Donald Trump's council of manufacturing executives, saying US leaders must reject expressions of hatred, bigotry and group supremacy .He was almost immediately attacked by Trump on Twitter.Now that Ken Frazier of Merck[...]

Sterling bounces on better than expected wage data

Thursday  15:36,   17 august 2017

Britain's pound recovered from its lowest levels against the euro in 10 months on Wednesday after data showed wages rising faster than expected.Analysts had called for earnings to rise by as much as 1.8 percent and the 2.1 percent jump, along[...]

£14bn class action lawsuit against Mastercard being revived

Thursday  15:36,   17 august 2017
Press Association

A proposed £14 billion class action lawsuit against Mastercard is being revived after lawyers filed to appeal against a ruling that barred the case from heading to trial last month. Lawyers for former financial ombudsman Walter Merricks have made[...]

The pound is ‘extremely undervalued’ right now, according to UBS

Thursday  15:36,   17 august 2017

With the pound falling to a seven-year low against the euro this week, sterling’s “journey south against the euro is probably closer to the end than the beginning,” UBS says.Has the pound hit rock bottom[...]

Baker Greggs mulls £4bn trucks cartel action

Thursday  15:36,   17 august 2017
Sky News

Greggs, the bakery chain, is in talks to join a multibillion-pound legal case against a group of truckmakers fined for price-fixing over a 14-year period. Sky News can reveal that Greggs is among a number of major companies weighing whether to join [...]

Most businesses have not changed strategic planning due to Brexit: Thomson Reuters CFO survey

Thursday  15:36,   17 august 2017

<p>A majority of businesses are yet to change their strategic planning due to Britain's decision to leave the European Union, a survey of chief financial officers by Thomson Reuters showed.</p>Big businesses were vocal in the run-up to the [...]

Costco Owes Tiffany More Than $19 Million, Judge Rules

Thursday  15:31,   17 august 2017
The New York Times

A Federal District Court judge in New York has ordered the discount warehouse giant to pay Tiffany for using the jeweler’s name to market diamond rings.There’s no place like Tiffany, the famous jeweler says on its website — and that includes[...]

Britain to EU: Accept our Brexit plans for a relaxed Irish border or put peace at risk

Thursday  15:25,   17 august 2017

Theresa May's government pledges to put the Northern Irish peace process at the heart of Brexit talks in a position paper.&nbsp;Ireland's largest business group slams the paper as "unhelpful" and lacking in[...]

New £10 notes attract get-rich-quick collectors

Thursday  15:23,   17 august 2017
The Week

After last year's £5 windfalls, investors hope £10 notes featuring Jane Austen will scoop them a fortuneWatch: New £10 note honours Jane Austen[...]

Amazon to create 1,000 jobs at new UK centre

Thursday  15:22,   17 august 2017
Sky News

Amazon is continuing its investment in the UK, with the online retail giant unveiling plans for a new distribution centre near Bristol which will create 1,000 new permanent jobs. The Seattle-based company plans to start recruiting engineers,[...]

Inside Donald Trump's Failed Trademark Battle Over An iPhone App Called 'iTrump'

Thursday  15:22,   17 august 2017

The creator of an app that teaches people how to play the trumpet received a cease and desist letter from Donald Trump's lawyers in 2011. After a lengthy legal battle, the Trump Organization withdrew its challenges over the trademarked name of[...]

'Lithium Rush': Ex-banker fronts start-up hunting for sought after metal in Cornwall

Thursday  15:21,   17 august 2017
International Business Times

Silvery-white alkaline metal is a key component of high power long-lasting batteries.Wrathall's outfit - Cornish Lithium - plans to extract the silvery-white alkaline metal from underground salt water. Lithium is used in the manufacturing of[...]

Amazon is finally killing what’s left of Lovefilm

Thursday  15:21,   17 august 2017

After starving Blockbuster to death, the streaming age is preparing to mount another head on its wall. Lovefilm By Post -- yes, the subscription movie rental service you forgot about long ago -- has begun notifying the last, loyal holdouts that[...]

Gates donates shares worth $4.6bn in biggest gift of century

Wednesday  13:45,   16 august 2017

Bill Gates has made his largest gift since the turn of the century, giving away Microsoft shares that accounted for 5pc of his fortune - the world's[...]