Author Topic: News Capture - Todays News  (Read 6915 times)

Description: news,views,discuss,chat,

0 Members and 1 Guest are viewing this topic.

News View

  • Guest
British Gas sees profits rise 31%
« Reply #24 on: February 18, 2016, 07:06:49 PM »

NEWSVIEW PRESENTS

NewsView

Your View - thats NewView


British Gas sees profits rise 31%

British Gas sees profits rise 31%



   
   

       
  •    
    18 February 2016


  •            
  • From the section Business



   

                                                                                                   

               
                British Gas vanImage copyright
                 Centrica
               
           

           
       

Profits at British Gas have risen by 31% to £574m for the 12 months to 31 December as gas consumption increased.

The rise in operating profits compared with £439m for the previous year.

British Gas said gas usage rose by 5% despite the warmest December on record, as 2015 had more normal temperatures compared with a very mild 2014.

However, profits at its parent company, Centrica, fell by 12% to £1.46bn as wholesale gas prices fell sharply.

Last week British Gas - the UK's largest energy supplier - said it was cutting gas prices by 5.1%, the last of the big six energy suppliers to do so.

E.On, EDF, SSE, Scottish Power and Npower have all cut gas prices by similar amounts.

'Resilient' performance

Energy suppliers have been under pressure to pass on savings to customers after a 57% drop in wholesale gas prices since this time last year.

But Centrica's chief executive, Iain Conn stressed that the rise in profits was not because of the fall in commodity prices and that the drop in wholesale costs had been passed on to customers.

                                                                                                   

"The reason the profits went up in 2015 versus 2014 actually is very simple - it's about the weather and about consumption," he told the BBC.

"We saw a very mild 2014 and we saw a more normal 2015 and therefore the amount of energy that our customers used went up and therefore the actual total profit went up."

The Competition and Markets Authority has been conducting a wide-ranging investigation into the UK's energy suppliers since last summer.

It estimates that consumers overpaid by £1.2bn a year between 2009 and 2013.

Electricity bills

Ann Robinson, director of consumer policy at uSwitch.com, said: "British Gas has cut standard gas prices three times in the last past year, but it should now go further and reduce electricity bills too."

However, Mr Conn said that this was because of other costs that make up electricity bills, such as transport and distribution, higher metering costs and government levies.

As well as selling energy through British Gas, Centrica is also a major producer of natural gas and oil.

The company wrote down the value of its oil and gas assets and power stations by £2.4bn.

Those charges contributed to a statutory operating loss of £857m, although that was lower than the £1.137bn for 2014.

Centrica shares, which have fallen by a third in the past 12 months, rose 3.7% to 199.5p in early trading on Thursday.

The company has proposed a final dividend of 8.43p, resulting in a full-year dividend of 12p a share - down from 13.5p for 2014.

Earlier this month, British Gas announced 500 job cuts, mostly in its energy efficiency business.


                                                                                               

Source: British Gas sees profits rise 31%







Newsview @ 1faith - Discuss today

Daily Newsview: see more @ Faithwall

Faithwall - The New-s Site @ http://www.faithwall.co.uk



News - Read all about it ~ thats  1faith and Faithwall


http://www.faithwall.co.uk/index.php/9937-british-gas-sees-profits-rise-31
http://www.faithwall.co.uk/index.php/groups/faithwall-categories-and-articles/10-general
http://www.bbc.co.uk/news/business
http://ichef-1.bbci.co.uk/news/320/cpsprodpb/140DE/production/_88324128_britishgas_28580943457.jpg
http://www.investegate.co.uk/centrica-plc--cna-/bus/final-results/20160218070000Z0938/
http://www.bbc.co.uk/news/business-35547391
http://www.1faith.co.uk/hot-topics-news-view/?action=post

NEWSVIEW PRESENTS

NewsView

Your View - thats NewView


Offline Mountain Goat

Re: News Capture - Todays News
« Reply #25 on: February 18, 2016, 07:39:37 PM »
Understandble why they rise as isn't gas lighter then air?
.

Offline John

Re: News Capture - Todays News
« Reply #26 on: February 18, 2016, 09:51:18 PM »
It comes down to who watches the watchers?
In this case an accused or a convicted person phone could hold evidence and a request made through a legal process should be complied with by apple or any other electronic media company.
This doesn't directly relate to government snooping it is the legal process of gathering evidence.

Serenity

  • Guest
Re: News Capture - Todays News
« Reply #27 on: February 18, 2016, 10:11:35 PM »
Yeah and of course the law of the land is always right too?

News View

  • Guest
HSBC to launch voice and touch ID system
« Reply #28 on: February 19, 2016, 07:04:03 PM »
HSBC to launch voice and touch ID system

HSBC offers voice and fingerprint ID system to customers



   
   

       
  •    
    19 February 2016


  •            
  • From the section Business



   

                                                                                                   

               
                Finger about to tap a mobile phoneImage copyright
                 Thinkstock
               
           

           
       

HSBC is launching voice recognition and touch security services in the UK in a big leap towards the introduction of biometric banking.

The bank says its internet banking customers will no longer have to remember a password or memorable places and dates to access accounts.

Barclays has already introduced voice recognition software, but it is only available to certain clients.

RBS and NatWest have offered finger print technology for the last year.

The move comes weeks ahead of the launch of Atom Bank, which will allow its customers to log on via a face recognition system.

HSBC says its service will be offered to up to 15 million banking customers.

First Direct's customers will be offered the voice and fingerprint recognition system over the next few weeks, followed by HSBC's in the summer.

Francesca McDonagh, HSBC UK's head of retail banking and wealth management, described the change as "the largest planned rollout of voice biometric security technology in the UK".

                                                                                                   

She said: "The launch of voice and touch ID makes it even quicker and easier for customers to access their bank account, using the most secure form of password technology - the body."

Touch ID is available on all Apple mobile devices for both HSBC and First Direct. Customers must download the mobile banking app and follow the instructions to link their fingerprint to it.

The future

Nuance Communications is supplying the voice biometrics technology, which works by cross-checking against over 100 unique identifiers including both behavioural features such as speed, cadence and pronunciation, and physical aspects including the shape of larynx, vocal tract and nasal passages.

Customers who want to use the service will have to enrol their "voice print" and will no longer need to use passwords or PINs.

The bank says the system will still work when someone is ill.

"We will be able to cope with people who have got colds or slight impediments," Joe Gordon, UK head of customer contact at HSBC, told the BBC.

"Things such as the size of your mouth or your vocal tract don't change. Neither do your cadence or your accent when you've got those little colds."

A YouGov survey of 2,038 people, commissioned by HSBC and published on Friday, found that 55% of those polled said they rarely changed passwords, while 74% felt that biometric security would become the default "password" of the future.

Barclays says it was the first bank to offer voice recognition software. However, the service is only available to corporate clients at the moment.


                                                                                               

Source: HSBC to launch voice and touch ID system







Newsview @ 1faith - Discuss today

Daily Newsview: see more @ Faithwall

Faithwall - The New-s Site @ http://www.faithwall.co.uk



News - Read all about it ~ thats  1faith and Faithwall


http://www.faithwall.co.uk/index.php/9960-hsbc-to-launch-voice-and-touch-id-system
http://www.faithwall.co.uk/index.php/groups/faithwall-categories-and-articles/10-general
http://www.bbc.co.uk/news/business
http://ichef.bbci.co.uk/news/320/cpsprodpb/0266/production/_88341600_hsbc.jpg
http://www.1faith.co.uk/hot-topics-news-view/?action=post

Offline Mountain Goat

Re: News Capture - Todays News
« Reply #29 on: February 19, 2016, 11:24:22 PM »
A rather dangerous concept if one thinks about it.
.

TJ

  • Guest
Re: News Capture - Todays News
« Reply #30 on: February 20, 2016, 12:42:14 AM »
A rather dangerous concept if one thinks about it.
@Mountain Goat

All these things are in sci fi films.  [maybe that is where they get the ideas ?]

These things are nothing new - in fact it's about time.


Get rid of keys and have voice and eye or fingerprint recognition.

For cars, houses, bank accounts...

There's no end to the applications and it gets rid of hackers on the web as well.

No more passwords - think - just your retina or your finger ?

Excellent .....bring it on

News View

  • Guest
China replaces securities regulator
« Reply #31 on: February 20, 2016, 07:02:01 PM »
China replaces securities regulator

China replaces securities regulator Xiao Gang



   
   

       
  •    
    20 February 2016


  •            
  • From the section China



   

                                                                                                   

               
                Liu Shiyu, new chairman of the China Securities Regulatory Commission (file photo)Image copyright
                 Reuters
               
           

           
           
Image caption
               
                    Liu Shiyu (file photo) is the new chairman
               

           

China has removed the head of its securities regulator as it tries to tackle major volatility in its stock markets.

Xiao Gang was replaced by Liu Shiyu as the chairman of the China Securities Regulatory Commission (CSRC), state media report.

Mr Xiao was in charge when China's markets crashed in mid-2015.

At one point, the Shanghai and Shenzhen stock exchanges lost as much as 40% of their value.

Mr Xiao, 57, who became the CSRC chair in March 2013, has been criticised for mishandling the crisis.

Under his watch, China's new "circuit-breaker" mechanism, designed to limit any market sell-off, was deployed twice in January in response to the stock market fall, but then was scrapped altogether after it caused even more panic.


               
               
               

               
               
                 Image copyright
                 Reuters
               
           

           
           
Image caption
               
                    Xiao Gang is seen here at a forum in Hong Kong last year
               

           

"Somebody needed to bear responsibility after the suspension of the circuit-breaker system," Zheng Chunming, a Shanghai-based analyst at Capital Securities Corp, told Bloomberg News.

Mr Liu, 54, was previously the vice-governor of China's central bank - the People's Bank of China - before becoming chairman of the Agricultural Bank of China, the country's third largest lender, in 2012.

                                                                                                   

On Chinese micro-blogging site Weibo on Saturday, commentators played on Mr Liu's name to speculate whether his tenure would bring about a "bull market" or leave behind a "dead fish".

The announcement of the new CSRC chair comes ahead of two high-profile events for China - next week's meeting of G20 financial leaders in Shanghai, and the annual gathering of China's legislature in March.


                                                                                               

Source: China replaces securities regulator







Newsview @ 1faith - Discuss today

Daily Newsview: see more @ Faithwall

Faithwall - The New-s Site @ http://www.faithwall.co.uk



News - Read all about it ~ thats  1faith and Faithwall


http://www.faithwall.co.uk/index.php/9978-china-replaces-securities-regulator
http://www.faithwall.co.uk/index.php/groups/faithwall-categories-and-articles/10-general
http://www.bbc.co.uk/news/world/asia/china
http://ichef-1.bbci.co.uk/news/320/cpsprodpb/EACA/production/_88360106_88360105.jpg
http://www.bbc.co.uk/news/business-35253188
http://ichef.bbci.co.uk/news/320/cpsprodpb/C7A2/production/_88360115_030987650-1.jpg
http://www.1faith.co.uk/hot-topics-news-view/?action=post

NEWSVIEW PRESENTS

NewsView

Your View - thats NewView