Business

 Asian shares mixed as Nikkei rises on yen, muted elsewhere
Asian shares mixed as Nikkei rises on yen, muted elsewhere

KEEPING SCORE: Japan's benchmark Nikkei 225 added 1.5 percent to 20,197.56 in early trading, coming off a national holiday Monday. Australia's S&P/ASX 200 edged up nearly 0.1 percent to 5,724.70. South Korea's Kospi lost 0.2 percent to 2,413.48. Hong Kong's Hang Seng was little changed at 28,162.32, while the Shanghai Composite dipped 0.2 percent to 3,355.96.

WALL STREET: The S&P 500 index rose 3.64 points, or 0.1 percent, to 2,503.87....

September 19, 2017

 GM workers go on strike at Canadian SUV factory
GM workers go on strike at Canadian SUV factory

Members of Unifor Local 88 in Ingersoll, Ontario, west of Toronto, stopped working when their contract expired at 10:59 p.m. Sunday.

The strike couldn't come at worse time for GM. A new version of the Equinox compact SUV just started to hit dealerships during the summer, attracting buyers in the hottest part of the U.S. auto market.

GM says in a statement that it encourages the union to resume negotiations. The company says both...

September 19, 2017

 US homebuilder sentiment falls in September
US homebuilder sentiment falls in September

U.S. homebuilders are feeling less optimistic about their sales prospects, reflecting concerns that rebuilding efforts following hurricanes Harvey and Irma will drive up costs for construction labor and materials.

Even so, builders' overall view of the new-home market remains positive.

Readings above 50 indicate more builders view sales conditions as good rather than poor. The index has been above 60 since September last year.September 19, 2017

 Kushner company buying apartment complex near Princeton, NJ
Kushner company buying apartment complex near Princeton, NJ

The Kushner Cos. paid $190 million for Quail Ridge in Plainsboro, New Jersey. The purchase follows a deal for a 5,517-unit complex in Maryland earlier this year.

President Donald Trump son-in-law Jared Kushner stepped down as CEO of the Kushner Cos. in January before becoming a senior adviser to the president. The company owns more than 20,000 multifamily apartments in six states.

The company tried to raise money for its struggl...

September 19, 2017


	Backlash over pay at Peppa Pig firm Entertainment One
Backlash over pay at Peppa Pig firm Entertainment One

The owners of smash-hit cartoon show Peppa Pig are facing a backlash over a potential £7.6m no-strings share award and bumper pay rise for long-serving boss Darren Throop.

Leading advisory firms ISS and PIRC have urged shareholders to vote against Entertainment One’s plans which would see Throop’s basic pay top £900,000 by 2019 and the same year award him shares worth £7.6m at today’s value.

In the driving seat: Cartoon show Peppa ...

September 19, 2017


	SUNDAY SHARE TIPS: Purplebricks, Drax and NMC Health
SUNDAY SHARE TIPS: Purplebricks, Drax and NMC Health

Two people complained that its claim, ‘Viewings – we take care of them all,’ made in its most recent campaign, was misleading as viewings are not included in the firm’s fixed fee.

In itself, it is not a major issue. Purplebricks agreed to amend the wording and the ASA says the matter is resolved.

But it is not the first time Purplebricks has come under the cosh.

Just two months ago the ASA upheld complaints against the firm o...

September 19, 2017


	Is the UK turning into a home buyer's paradise?
Is the UK turning into a home buyer's paradise?

Parts of Britain appear to be turning into a property buyer's paradise, with asking prices across the country falling by an average of £3,360 in one month.

In August, the average price tag of a home was £313,663, compared to £310,003 this month, Rightmove's latest house price index reveals.

Those at the top of the housing ladder are benefiting the most from the price drops, with average asking prices for homes in expensive areas li...

September 19, 2017


	Esure's share price rises 6% as deal speculation mounts
Esure's share price rises 6% as deal speculation mounts

An American insurance group appears to be among the most-likely buyers for Wood's stake, despite the group attracting interest from private equity buyers, they say.

A lot at stake: Sir Peter Wood has a 30.7 per cent controlling stake in insurance group esure

The FTSE 250 listed firm, which has a market capitalisation of £1.2billion, saw price comparison site Gocompare demerge from the company and list on the stock market on Novembe...

September 19, 2017


	Why do mortgage brokers charge fees and get commission?
Why do mortgage brokers charge fees and get commission?

Would you be willing to pay your mortgage broker hundreds of pounds in fees if they made it clear exactly how much they were earning in commission from lenders too?

The question of fees and commission has raised its head again after a mortgage broker offering 'free' advice claimed others were in the wrong  for charging fees when they already earned commission.

The claim was made by Chippenham-based mortgage broker One 77 and it s...

September 19, 2017


	Qatar orders 24 new Typhoon jets from BAE Systems
Qatar orders 24 new Typhoon jets from BAE Systems

The agreement was signed yesterday during a visit to the Gulf state by Defence Secretary Sir Michael Fallon, who said it marked the UK's 'first major defence contract' with Qatar.

He said: 'This is an important moment in our defence relationship and the basis for even closer defence co-operation between our two countries.

'We also hope that this will help enhance security within the region across all Gulf allies and enhance Typhoon...

September 19, 2017


	Should you invest in inverse ETFs?
Should you invest in inverse ETFs?

Backing a belief that a market, company or asset will fall in value has traditionally been the preserve of high net worth and professional investors, but nowadays those with more modest sums can do it with low-cost passive instruments called inverse ETFs.

But this is a real case of 'seller beware'. These products are designed only for the short-term, as a market timing or hedging strategy, because history shows us that markets have a kna...

September 19, 2017


	Can you give money away but control what happens to it?
Can you give money away but control what happens to it?

This is Money has had a string of questions from readers looking to give their cash to children or grandchildren but who also wish to protect it from being squandered or lost in a relationship break-up.

Whether the money is for a house deposit or to avoid inheritance tax, or for any other reason, it's a major modern concern - especially as the sums involved can be tens or hundreds of thousands of pounds.

On this week's This is Mone...

September 19, 2017


	Britain's taste for cheese is as strong as ever
Britain's taste for cheese is as strong as ever

The surge in demand for the 'nation's favourite cheese' is expected to result in 'double-digit volume growth' in the next six months, Dairy Crest said.

Aside from enjoying strong demand for its cheese, the firm is battling against rising cream costs, which have doubled in the past year.

Tasty: Britain's taste for cheese is as strong as ever, with Cathedral City cheddar helping owner Dairy Crest boost its financial results

Cre...

September 19, 2017


	Scots are most likely to have a driving conviction
Scots are most likely to have a driving conviction

Drivers in Scotland are more likely to have a motoring conviction than in any other region in the UK, new data has suggested.

Insurance comparison site MoneySupermarket - which asks for driving offence information from motorists when completing a quote online - found that 2.75 per cent of licence holders in Scotland currently has a conviction, after reviewing 75 million individual quotes ran on its site in the last three years.

Of ...

September 19, 2017


	Harrods Bank sold to challenger Tandem
Harrods Bank sold to challenger Tandem

Harrods Bank, a brand which has been around since 1893, is set to be sold to challenger online-only Tandem after years of loss making.

The banking arm of one of the world's most famous department stores, based in Knightsbridge, offers savings and has also had mortgages and a current account available in the past.

On its website, a message says: 'Tandem has today announced that it has signed an agreement to acquire Harrods Bank.

...

September 19, 2017


	Yorkshire BS offers flash two-year fix mortgage at 0.99%
Yorkshire BS offers flash two-year fix mortgage at 0.99%

Yorkshire Building Society is offering a 0.99 per cent two-year fixed-rate mortgage up to 80 per cent loan-to-value - a new record low rate. 

The catch is, it's only available through mortgage brokers as the deal is exclusive to Accord Mortgages, Yorkshire BS's intermediary lending arm. 

The deal is the lowest-ever mortgage rate for those with a 20 per cent deposit or equity to put in and will be on offer from tomorrow, Tuesday 19 ...

September 19, 2017


	Victims of Equifax hack left exposed to scams for 50 days
Victims of Equifax hack left exposed to scams for 50 days

Tainted Equifax has still not contacted up to 400,000 British victims of a massive hack – 50 days after the crime was discovered.

Bosses at the credit reference giant found out about the breach in July but kept it secret until last month, triggering accusations of a cover-up.

They have promised to contact all those involved in the UK – but those whose details have been hacked will have had their personal information in the hands of...

September 19, 2017


	Bell Pottinger scandal claims scalp of Rentokil boss
Bell Pottinger scandal claims scalp of Rentokil boss

The Bell Pottinger scandal has claimed the scalp of Chris Geoghegan, chairman of Rentokil.

Geoghegan, 63, quit the pest control company yesterday after he became embroiled in the scandal. Geoghegan was paid £100,000 for work which involved introducing the PR multinational to the Gupta family.

It later emerged that the Guptas were involved in alleged corruption over close ties with South African president Jacob Zuma.

Taking a ...

September 19, 2017


	Luxury shoes group Jimmy Choo sold to US rival
Luxury shoes group Jimmy Choo sold to US rival

Jimmy Choo became the latest British company to fall to foreign buyers as shareholders nodded through a takeover deal.

The FTSE 250 luxury shoes group has been sold to American rival Michael Kors for nearly £900m, with investors giving their approval in a meeting yesterday.

More than 98 per cent of shareholders backed the deal. Only two cast their votes against the proposals.

Best foot forward: The FTSE 250 luxury shoes group...

September 19, 2017


	ALEX BRUMMER: Mark Carney eyes top finance job after Bank
ALEX BRUMMER: Mark Carney eyes top finance job after Bank

Mark Carney’s address to the great and good of finance at the International Monetary Fund had something for everyone.

For the inflation hawks there was a renewed forecast that the long period of extraordinarily low interest rates may soon be coming to an end.

It has been suggested that the rate rise from the current record low bank rate of 0.25 per cent could come as soon as November.

Looking to the future: Bank of England bo...

September 19, 2017