More than a quarter of the largest listed companies in the United Kingdom and a third of large U.S. public companies spent more on dividends and … Excess dividends put companies at greater risk of collapse
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Archives for Financial News
#CoronavirusNews – Britain will borrow £400bn to tackle recession, IMF Forecasts #UKNews
Britain will borrow £400bn to tackle recession, IMF forecasts https://www.thetimes.co.uk/article/britain-will-borrow-400bn-to-tackle-recession-imf-forecasts-sn9skkvgf
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#CoronavirusNews – Job Support Scheme Costs hit £30bn #Coronaviris
Coronavirus job support scheme costs hit £30bn https://www.thetimes.co.uk/article/coronavirus-bob-support-scheme-could-cost-80bn-ktmjx6hdb
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Sunak working on a new budget to save 2 million jobs…
Emergency coronavirus budget to save 2 million jobs https://www.thetimes.co.uk/article/emergency-coronavirus-budget-to-save-2-million-jobs-qsbrgbcq9
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Business & Financial News – Fears rise for 1.5m loan repayment breaks
Fears rise for 1.5m loan repayment breaks https://www.thetimes.co.uk/article/fears-rise-for-1-5m-loan-repayment-breaks-7pq2vvrvq
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UK Business, Financial and Economic News #BizNews
Furlough and income schemes pay 10m people as bill hits £21bn https://www.thetimes.co.uk/article/treasury-bankrolls-10m-people-as-bill-hits-21bn-bz6r52rrg
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Fears of the crisis in the UK automotive financial market as owners seek payments help Business
Fears are growing over a crisis in the UK’s £ 75 billion auto loan market, in which 6.5 million vehicles have been financed through monthly payment … Fears of the crisis in the UK automotive financial market as owners seek payments help Business
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Gary Lineker has a message for Aston Villa and Liverpool
Gary Lineker urged Aston Villa and his Premier League rivals not to put personnel on the run. Match of the Day host said top clubs should avoid … Gary Lineker has a message for Aston Villa and Liverpool
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Cash and central banks: new research shows why fear could trigger the adoption of digital currencies
The Bank for International Settlements (BIS) has published a new report on liquidity and the future of payments. Research by the Swiss bank for … Cash and central banks: new research shows why fear could trigger the adoption of digital currencies
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European shares take U-turn on rising virus death toll
European stocks turned choppy again on Wednesday with bourses across the region wiping off most of their early morning gains as a sharp rise in the … European shares take U-turn on rising virus death toll
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Contactless card limit to rise to £45 from £30 next week after limits on cash shopping to help stop coronavirus
THE limit for in-store contactless payments is rising to £45, from £30, next week. This is to try and help people to limit physical contact to fight … Contactless card limit to rise to £45 from £30 next week after limits on cash shopping to help stop coronavirus
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Universal credit: find out if you are eligible and how much you could receive
Universal Credi t is designed to provide financial support to help those who don’t have a job or have a low income with the costs of daily living. … Universal credit: find out if you are eligible and how much you could receive
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People, Population & Community Stats from the Office for National Statistics / ONS
Living longer: implications of housing tenure in later life Last month, we looked at how housing tenure had changed over time, with future generations of older people more likely to live in rented accommodation than they do now. Today’s article explores some of the implications this has, including Amongst private renting households containing someone aged 60 or over, fewer than half have savings or investments. This compares with over three quarters of those who own their homes outright. Not all those who own outright are well-off. While a quarter of older households that own outright had at least £50,000 in savings
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European Business News / EuropeanBiz – Will European Banks be able to cope with this Global Pandemic – Interesting FT Article…
More than a decade on from the financial crisis, Europe’s banks are facing the first major test of their resilience. This week growing fears about the coronavirus pandemic and an oil price war prompted a widespread market sell-off. Companies have spent a decade gorging on cheap debt in an ultra-low interest rate environment. A wave of defaults is now likely, and rising loan impairments will hit banks’ already anaemic earnings. Since their recent peak almost a month ago, European banks indices have plunged 40 per cent in an indiscriminate sell off of financial stocks. This outpaces the 25 per cent
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British Business News – Bank of England is considering Electronic Bank Notes -BBC
The Bank of England is considering the introduction of electronic banknotes for use by consumers and businesses. Governor Mark Carney said: “We are in the middle of a revolution in payments,” saying the Bank must look into how electronic money could work. He said this would complement, not replace, paper banknotes while people still wanted physical cash. But it could open the door to programmable money to integrate with home appliances or the tax system. Carney calls for crackdown on crypto-currency ‘mania’ Budget 2020: Pledges on the future of cash Banknotes have been the only way for households to make
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JPMorgan plots launch of digital consumer bank in Britain 🇬🇧 🏦 📰
JPMorgan plots launch of digital consumer bank in Britain | JPMorgan Chase, the world’s biggest lender by market capitalisation, is close to making a stunning entry into Britain’s personal banking market. Sky News has learnt that the New York-listed behemoth will launch a range of savings and loan products using the Chase brand in the UK in the next few months. The move will represent one of the most significant new entries into the consumer banking sector since the 2008 financial crisis, and could spark a new price war among lenders already struggling to deal with a protracted period of
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New polymer £20 featuring painter Turner enters circulation 🇬🇧💷📰
New polymer £20 featuring painter Turner enters circulation You'll soon no longer find Adam Smith in your wallet or purse. The economist has been replaced as the face of the £20 note by artist JMW Turner. The Bank of England said the new polymer £20 - which enters circulation on Thursday - is its most secure ever banknote. It includes two see-through windows and a two colour foil to help beat forgers. The Bank reckons half of all ATMs across the UK to be dispensing the new notes in just two weeks' time. The new £20 is the third plastic
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