GBP News 

Fifth of older UK workers saving nothing for retirement

“Strained by the rising cost of living, almost a fifth of UK workers in their fifties and sixties are unable to save anything for retirement, new research has revealed” writes Josie Cox for independent.co.uk. Millions of older workers are simply not aware of how much they will need to save for their retirement.Two-thirds – or 64 per cent – of workers in their fifties admitted that they are yet to ramp up their saving habits in the run-up to retirement.Aviva calculated that around 42 per cent of older workers had…

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Markets News Stocks 

Ailing LCG to delist from London Stock Exchange? Company prepares to list on NEX Growth Market

“Today, the company has announced its intention to list its stock on the NEX Growth Market” reports financefeeds.com. The vast majority of the company’s senior management subsequently left the firm.LCG hired former ACFX management as yet more LCG officials leave In April last year, one source very close to the matter explained to FinanceFeeds “LCG has recently hired the management that lead ACFX to bankruptcy.In early 2013, several companies examined the possibility of purchasing the company, however GAIN Capital and Cantor Fitzgerald (Europe) soon dropped their interest. Source: financefeeds.com Share This:

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Brokers GBP News 

Ex-London brokers cash in on Brexit with shop selling Marmite and bean

“Two former London brokers in Luxembourg have hit on an old-fashioned way to hedge against Brexit” writes Stephanie Bodoni for independent.co.uk. In the race to attract London business after Brexit, Luxembourg has already become the nation of choice for several insurers, funds and banks. Source: independent.co.uk Share This:

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News 

Number of million-pound home sales falls in London, Scotland and Wales

“While prime property sales in the North West of England and Yorkshire were up year-on-year, the number of million pound property sales in London, Scotland and Wales was down, Lloyds Bank found” writes Vicky Shaw for independent.co.uk. By contrast, million pound property sales in the North West of England and Yorkshire and the Humber have jumped by 55 per cent and 45 per cent respectively, albeit from much lower bases. Source: independent.co.uk Share This:

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GBP News 

FTSE 100 edges down as Brexit breakthrough lifts the pound

“But the FTSE 100 was hampered by pound strength, as roughly 75% of revenue for companies listed on the London index is generated overseas” writes Markets Reporter for marketwatch.com. How markets are moving: The FTSE 100 index UKX, +0.29% edged down 1.5 points to 7,319.10, after opening fractionally higher.But the benchmark FTSE 100 was hurt by the rising pound, which gained more strength after the news.Elsewhere, mining shares rose after Chinese exports rose for the ninth straight month, blowing past forecasts. Source: marketwatch.com Share This:

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GBP News 

London housing transactions plummet 18% as Brexit, stamp duty, and mortgage rules bite

“Brexit uncertainty and concerns over growth and inflation, coupled with the changes to SDLT (stamp duty land tax) and mortgage interest deductibility, continue to impact the market.”” writes Finanzen Net Gmbh for businessinsider.com. Berkeley’s caution reflects wider concerns about the capital’s housing market, where decades of runaway price growth is seeing affordability stretched to breaking point.READ MORE: London house prices forecast to drop 2% next year despite rising nationally The firm said factors driving the slowdown in transactions included stamp duty hikes, uncertainty surrounding Brexit, and a tax change which…

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GBP News 

Woman ordered to remove hijab in McDonald’s says apology not enough

“The firm has apologised and said the security guard responsible had been suspended” writes Lydia Smith for independent.co.uk. A student who was told to remove her hijab by a security guard McDonald’s has said that the fast food chain’s apology is “not enough”. We are taking this matter very seriously and are addressing the situation with the individuals involved; the security guard, from a third party company, has been suspended.”. Footage of the 19-year-old Muslim woman being stopped by a security guard at a branch of the restaurant in Holloway, north London, went…

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News 

Yep, that’s a pole-dancing robot

“If you happened to come across it, the video of a gyrating, pole-dancing robot that went viral this week likely stirred some strange feelings inside you” writes News Com Au for nypost.com. Rather the robot was designed to be a statement on the growing level of surveillance in modern life.Complete with shiny white high heels and a security camera for a head, there is something simultaneously mesmerizing and deeply unsettling about the salacious robot.Or is it a glimpse into a dystopian future where robots have hijacked our sexual desires?.  Source:…

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