Finance news - UK & global economic news

Finance

Ethereum's 'Lightning Network' Raiden to strike IoT and micropayments

Raiden creator Heiko Hees said a 100K transactions per second proof of concept could happen by end of August.

Aug 10, 2016

By Ian Allison

Ethereum Bitcoin

Stock Spirits more than doubles its operating profit for the first half of 2016

Stock Spirits reports increase in revenues and profits for first half of 2016

Operating profits for the period amounted to €12.5m, much higher than 2015 H1's €5.2m.

Aug 10, 2016

By Kedar Grandhi

Steemit: Get on the blockchain social media juggernaut and earn cryptocurrency for posting content

It achieves community building and social interaction through rewards and a reputation system.

Aug 9, 2016

By Ian Allison

Bitcoin

Brexit: Could Paris, Amsterdam or Dublin steal London’s finance crown?

UK banks face 'messy and inefficient' conundrum after Brexit vote

UK and European banks face uncertainty over what might have to be renegotiated post-Brexit.

Aug 9, 2016

By Dan Cancian

Brexit

Savers hit hard by Bank of England interest rate cut as holidaymakers suffer weak pound

What the papers say: The Bank of England's halving of its interest rate continues to make savers suffer.

Aug 8, 2016

By Roger Baird

Brexit Bank of England

Interest rate cut is welcome news for homeowners but not everyone will be better off

Bank of England's decision to cut interest rates is welcome news for homeowners, but it will do little to make life easy for first-time buyers.

Aug 7, 2016

By Gaurav Sharma

UK lenders confirm tracker mortgage cuts, RBS, Clydesdale noncommittal on date

Many banks yet to reveal stance on standard variable rate products.

Aug 5, 2016

By Gaurav Sharma

Bank of England

Machine learning can balance risks involved in bitcoin trading

Arshak Navruzyan, founder of Startup.ML, has been applying machine learning to quantitative finance problems.

Aug 5, 2016

By Ian Allison

Bitcoin

Johnston Press reports pretax loss of 183.7m for the first half of 2016

Johnston Press reports pretax loss of 183.7m for first half of 2016

This is in stark contrast to the £2.2m profit it had reported in the same period last year.

Aug 4, 2016

By Kedar Grandhi

UK retailer Pets at Home reports 8.9% growth in first quarter sales to £244.2m

While merchandise revenues grew 4.9% from last year, services revenue increased 43.4%.

Aug 4, 2016

By Kedar Grandhi

RSK Federation supported by Bitcoin industry for 'belt and braces' smart contracts security

Some 25 big names in Bitcoin have joined the RSK Federation.

Aug 3, 2016

By Ian Allison

Bitcoin

Next sees no near-term impact from Brexit as sales increase for the second quarter

Next CEO Lord Wolfson said the company could be forced to increase prices of its goods next year.

Aug 3, 2016

By Kedar Grandhi

Blockchain compliance firm Elliptic and LexisNexis bring bank-grade risk management to Bitcoin

The deal integrates LexisNexis Risk Solutions AML risk management data into Elliptic's Bitcoin transaction monitoring.

Aug 3, 2016

By Ian Allison

Bitcoin

Testing time for cryptocurrency security as Bitfinex reports $65m of bitcoin stolen by hackers

Hackers have stolen some 119,756 bitcoin or about $65m in cash at current prices.

Aug 3, 2016

By Ian Allison

Bitcoin

FREAK security bug affects Windows users too

UK leads Europe in card fraud

Losses due to fraud on credit and debit cards in Britain rose by 18% to £492m last year, study shows.

Aug 3, 2016

By Karthick Arvinth

Owen Smith risks business anger with £8.25 per hour 'real' Living Wage promise

Labour leadership challenger will unveil major policy during speech to supporters in Milton Keynes.

Aug 3, 2016

By Ian Silvera

Minimum Wage

Dr Ismail Ahmed, founder and chief executive

WorldRemit calls for urgent restoration of money transfers to Nigeria

Hundreds of global remittance companies forced to cease transfers while Western Union, MoneyGram and Ria continue.

Aug 2, 2016

By Ian Allison

Nigeria

Direct Line half-yearly profits dip amid lower investment gains and new Flood Re levy

Despite the decline, the company's shares were trading higher as profits beat its own consensus estimates.

Aug 2, 2016

By Kedar Grandhi

Thomson Reuters joins R3 distributed ledger consortium

Thomson Reuters joins the global network of R3 partners united in its lab environment, the R3 Lab and Research Centre.

Aug 2, 2016

By Ian Allison

Bitcoin

Commerzbank reports decline in second quarter profits

The decline is attributed to the negative interest rate environment and cautious attitude of customers.

Aug 2, 2016

By Kedar Grandhi

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