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Pound V euro: GBP uneasy against EUR ahead of Bank of England Financial Stability Report

Pound V euro: GBP uneasy against EUR ahead of Bank of England Financial Stability Report

Political concern continues to weigh on the pound in the meantime. Another of the Conservative Party's election catchphrases has returned to haunt Theresa May, after she promised an additional £1 billion of public money to Northern Ireland in exchange fo

Daily Express, 13 min. ago
 
Pound v New Zealand dollar: GBP down against NZD despite narrowing NZ trade surplus

Pound v New Zealand dollar: GBP down against NZD despite narrowing NZ trade surplus

Sterling is currently trading at NZ$1.740 against the New Zealand dollar, down 0.39 per cent from its starting levels and down by around a cent from the high of NZ$1.753 struck yesterday. The pound remained subdued this morning as investors await the BoE

Daily Express, 13 min. ago
 

G20 watchdog says fintech doesn't pose threat to financial stability

The rise of fintech does not pose any compelling risks to financial stability, according to a review by global regulators, but this may change as the sector grows. While financial technology is changing how financial services and information are being de

Reuters, 15 min. ago
 

Wind power's big bet: turbines taller than skyscrapers

Wind farm operators are betting on a new generation of colossal turbines, which will dwarf many skyscrapers, as they seek to remain profitable after European countries phase out subsidies that have defined the green industry since the 1990s. The world's

Reuters, 19 min. ago
 
Debenhams cautions UK trading more volatile as sales slide

Debenhams cautions UK trading more volatile as sales slide

Debenhams (DEB.L), Britain's second-biggest department store, said trading had become more volatile in the second half of the year and warned its 2017 profit could slip towards the lower end of expectations if conditions did not improve. The retailer, in

Reuters, 26 min. ago
 
Bank of England sounds alarm over household debt amid easy credit and mortgages

Bank of England sounds alarm over household debt amid easy credit and mortgages

Sress tests on lenders relating to losses over consumer credit will be brought forward and steps to prevent growth of highly indebted households will be taken, the Bank of England today revealed in its bi-annual Financial Stability Report.  It comes amid

Daily Express, 33 min. ago
 
EU antitrust regulators hit Google with record 2.42 billion euro fine

EU antitrust regulators hit Google with record 2.42 billion euro fine

EU antitrust regulators slapped a record 2.42-billion-euro (2.14 billion pounds) fine on Alphabet (GOOGL.O) unit Google on Tuesday by illegally favouring its shopping service. The European Commission said the world's most popular internet search engine h

Reuters, 35 min. ago
 

With Alphabet, Google faces a daunting challenge: organising itself

Google’s self-professed mission is to organise the world’s information. But a company known for engineering excellence is still trying to solve the very human problem of how to organise itself. Nearly two years ago, Google co-founder Larry Page announced

Reuters, 35 min. ago
 
Google hit with record EU fine over Shopping service

Google hit with record EU fine over Shopping service

Google has been fined €2.4bn ($2.7bn; £2.1bn) by the European Commission after it ruled the company had abused its power by promoting its own shopping comparison service at the top of search results. The amount is the regulator's largest penalty to date

BBC, 39 min. ago
 

£1m fund aims to boost green ideas in manufacturing sector

Manufacturing businesses with innovative green ideas are being urged to tap into £1 million of funding currently available from Zero Waste Scotland. Scotland is said to be at the cutting edge of developing a more “circular economy” – designing products a

Scotsman, 45 min. ago
 
Bank of England raises UK banks' capital requirements by 11.4 billion pounds

Bank of England raises UK banks' capital requirements by 11.4 billion pounds

British banks face an 11.4 billion pound increase in capital requirements after the Bank of England said it was raising a key buffer designed to tackle growing risks of lax lending. The central bank had earlier reversed a previous rise in its counter-cyc

Reuters, 45 min. ago
 

EU antitrust chief to speak at 1100 BST on competition case

European Competition Commissioner Margrethe Vestager will hold a news conference on a competition case at 1200 CET (11 BST), the European Commission said on Tuesday, with sources saying she would announce her verdict on a case concerning Alphabet's Googl

Reuters, 45 min. ago
 
Bank of England takes action over bad debts

Bank of England takes action over bad debts

The Bank of England has forced banks to find a further £11.4bn in the next 18 months to beef up their finances against the risk of bad loans. Banks will have to set aside £5.7bn in the next six months in case future economic shocks mean some borrowers ca

BBC, 48 min. ago
 

Would you pay £9k for coffee on tap? We review the latest high-tech machine - and find two cheaper...

Fancy coffee machines are often identified by their whizzy features and flashing lights and buttons to create your perfect cup of coffee. But the latest high-tech coffee machine resembles a simple water tap - with not a single button in sight.  The equip

Daily Mail, today, 10:25
 

Debenhams shares slide as the retailer issues a profit warning amid 'volatile' trading conditions

Debenhams shares slid this morning after the department store issued a profit warning amid 'volatile' trading conditions. The retailer said sales dropped in the 15 weeks to June 17, with unpredictable trading and a weaker clothing market hitting the comp

Daily Mail, today, 10:25
 


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