News: Money

Card payments soar to record 1.4 billion amid surge in contactless transactions

Thursday  16:15,   10 august 2017
Press Association

Nearly 1.4 billion card payments were made in June, marking a monthly record high, according to a trade body. UK Finance said the number of payments had grown by 12% over the previous 12 months - the highest annual rate of growth since June[...]

You will get chipped -- eventually

Thursday  16:15,   10 august 2017
USA TODAY

You will get chipped. It’s just a matter of time. In the aftermath of a Wisconsin firm embedding microchips in employees last week to ditch company badges and corporate logons, the Internet has entered into full-throated debate. In the[...]

Bank of England regulator warns of 'extra burden' over Brexit planning

Thursday  16:15,   10 august 2017
Press Association

The Bank of England's financial regulator has warned it may have to take its eye off other areas as it faces a "material extra burden" from Brexit planning.Sam Woods, chief executive of the Prudential Regulation Authority (PRA), said[...]

House prices rise but only just, as property market feels spending power squeeze

Thursday  02:25,   10 august 2017
Press Association

House prices eked out growth last month but deflated wages and the squeeze on spending power continue to take their toll on the country's property market.House prices eked out growth last month but deflated wages and the squeeze on spending[...]

Oil falls for third day as doubts over OPEC cuts linger

Wednesday  13:30,   09 august 2017
Reuters

<p>Crude futures fell for a third day in early Asian trading</p>Crude futures fell for a third day in early Asian trading as the market shrugged off a bigger than expected fall in U.S. inventories reported by an industry group as doubts linger [...]

Private pension income gap widens, figures show

Wednesday  11:10,   09 august 2017
Press Association

The retirement income gap between households with a private pension income and those without is growing, according to Office for National Statistics (ONS) figures. define("homepageFinanceIndices", ["c.deferred"], function () { var[...]

UK retail sales growth slows in July, non-food sales fall - BRC

Wednesday  06:11,   09 august 2017
Reuters

British retail sales grew more slowly in July, data published on Tuesday showed, as shoppers cut back on non-essential spending and budgeted for the higher price of food following the Brexit vote. UK retail sales increased by an annual 0.9 percent[...]

Firms face big fines for cybersecurity failings

Wednesday  06:10,   09 august 2017
Sky News

Multimillion-pound fines will be dealt to organisations without strong cybersecurity measures under new Government proposals. Energy, transport and health providers are among essential infrastructures facing fines of up to £17m - or 4% of global[...]

Starting salaries boosted by Brexit exodus

Wednesday  06:10,   09 august 2017
Sky News

Starting salaries are rising at their fastest pace for 20 months as the departure of European workers after the Brexit vote squeezes the availability of suitable job candidates, new figures show. define("homepageFinanceIndices", ["c.deferred"],[...]

Careless customers shouldn't expect fraud refund - bank boss

Wednesday  06:10,   09 august 2017
Press Association

The boss of the Royal Bank of Scotland has reportedly warned that victims of bank fraud should not expect automatic refunds. Chief executive Ross McEwan insisted it was not the responsibility of banks if customers gave their account details –[...]

Euro Rounds Up the Usual Suspects as Going Short Proves Lethal

Wednesday  06:10,   09 august 2017
Bloomberg

(Bloomberg) -- Hedge funds. Asset managers. Central banks. These are just some of the players in the $5.1 trillion-a-day currency market who are buying the euro after shunning it over the past three years. The shared currency has snapped its losing[...]

Google fires employee behind anti-diversity memo

Wednesday  06:07,   09 august 2017
Reuters

Google Chief Executive Sundar Pichai told employees in a note that portions of the anti-diversity memo "violate our Code of Conduct and cross the line by advancing harmful gender stereotypes in our workplace"Internet giant Google has fired [...]

U.K.'s Booming Jobs Market Leaves Firms Struggling to Fill Posts

Wednesday  06:07,   09 august 2017
Bloomberg

(Bloomberg) -- Britain’s job market is booming, but concern is increasing about where companies are going to keep finding workers. The number of permanent jobs grew at the fastest rate in more than two years in July, while the availability of[...]

Why Facebook should pay us a basic income

Wednesday  06:06,   09 august 2017
The Financial Times

The idea of guaranteeing a basic income for everybody has many obvious flaws but one overwhelming virtue. It enshrines the principle that every citizen is a valued member of society and has a right to share in its collective wealth.&nbsp;The[...]

Bitcoin breaks through $3,500 to hit fresh record high, now up 264% this year

Wednesday  06:06,   09 august 2017
CNBC

Investors are confident about a new upgrade to the bitcoin network.The digital currency hit an-all time high of $3,525.04 before pulling back to around $3,481 early on[...]