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Twenty-five years ago this August, the Mall of America, America’s largest shopping mall, opened its many, many doors for business. The Minnesota mall is currently wrapping up a year of celebration at the dizzyingly vast temple to consumerism. It’s a celebration that comes, ironically, as America’s ... [Read full article on Guardian ]
Saturday 22nd of July 2017 11:00:36 AM
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The bright, electric future of the railway has been dimmed: trains will now continue to run on diesel west of Cardiff to Swansea, as they will on the Midland mainline to Nottingham and Sheffield.An announcement sneaked out on the last day before parliament went into summer ... [Read full article on Guardian ]
Saturday 22nd of July 2017 03:00:41 PM
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Don’t worry, the Brexiters say – when the negotiations reach their nail-biting conclusion, Brussels will cave in.In parliament, there are more than enough Tory backbench MPs who hold this view to stymie any backsliding by chief negotiator David Davis and his cabinet colleagues. Or so they ... [Read full article on Guardian ]
Saturday 22nd of July 2017 04:00:42 PM
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A headlong rush into a “politically attractive” trade deal with the US risks exposing British companies to hostile takeovers and handing American firms the upper hand, one of Britain’s leading business figures has warned.Adam Marshall, director general of the British Chambers of Commerce, said he was ... [Read full article on Guardian ]
Saturday 22nd of July 2017 07:52:58 PM
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The difficulties communities in rural England face in preserving their integrity will strike a chord west of Offa’s Dyke (“Why rural Britain needs a new deal”, Special Report).The problems described in your report are exacerbated in large parts of rural Wales, where the language and culture ... [Read full article on Guardian ]
Saturday 22nd of July 2017 11:05:00 PM
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In the 1951 film adaptation of A Streetcar Named Desire, Marlon Brando’s character, Stanley Kowalski, famously went bowling to blow off steam. The bowling alley also proved a refuge from responsibility for Jeff Bridges’s cinematic slacker, the Dude, in The Big Lebowski.Both would find the lanes ... [Read full article on Guardian ]
Saturday 22nd of July 2017 11:04:00 PM
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Quite often the political debate in this country is about the “sensible centre” – this mythical place that apparently captures the majority of voters. With his speech on Friday to the Melbourne Institute’s Economic and Social Outlook Conference, Bill Shorten has correctly gauged that progressive parties ... [Read full article on Guardian ]
Saturday 22nd of July 2017 10:12:48 PM
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For the second year in a row, I recently hired a car with Sixt (via the Kayak price comparison site) for six days in Corsica costing €146 (£129). Essentially, my complaint is that it hid a major change in its included insurance.I hire cars abroad a ... [Read full article on Guardian ]
Sunday 23rd of July 2017 06:00:00 AM
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Isn’t transparency on pay wonderful? You might struggle to find many BBC managers who would agree with the sentiment after the corporation’s tricky week for harmonious staff relations. The publication of the salaries of those earning more than £150,000 a year provoked anger, recrimination and reasonable ... [Read full article on Guardian ]
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Latest Financial News

Sixt took me for a ride over car hire cover image
Source : Guardian [Read Article] Sunday 23rd of July 2017 06:00:00 AM
For the second year in a row, I recently hired a car with Sixt (via the Kayak price comparison site) for six days in Corsica costing €146 (£129). Essentially, my complaint is that it hid a major change in its included insurance.I hire cars abroad a ...
Yes, the gender pay gap rules are flawed. But they’re the best hope of making things better image
Isn’t transparency on pay wonderful? You might struggle to find many BBC managers who would agree with the sentiment after the corporation’s tricky week for harmonious staff relations. The publication of the salaries of those earning more than £150,000 a year provoked anger, recrimination and reasonable ...
Frankly, banks – it’s time to give a damn about your image image
Source : Guardian [Read Article] Sunday 23rd of July 2017 06:00:00 AM
Another week, another chance to take a kick at the banks, which are collectively showing very few signs of wanting to improve their image a decade after the financial crisis.We have results from Barclays, which is the first time the bank has had to face the ...
Second home owners are destroying rural economies | Letters image
Source : Guardian [Read Article] Saturday 22nd of July 2017 11:05:00 PM
The difficulties communities in rural England face in preserving their integrity will strike a chord west of Offa’s Dyke (“Why rural Britain needs a new deal”, Special Report).The problems described in your report are exacerbated in large parts of rural Wales, where the language and culture ...
Tenpin alleys boom as Britain is bowled over by retro vibes of 1950s America image
In the 1951 film adaptation of A Streetcar Named Desire, Marlon Brando’s character, Stanley Kowalski, famously went bowling to blow off steam. The bowling alley also proved a refuge from responsibility for Jeff Bridges’s cinematic slacker, the Dude, in The Big Lebowski.Both would find the lanes ...
Race for political centre is futile, Labor needs to be more progressive | Greg Jericho image
Quite often the political debate in this country is about the “sensible centre” – this mythical place that apparently captures the majority of voters. With his speech on Friday to the Melbourne Institute’s Economic and Social Outlook Conference, Bill Shorten has correctly gauged that progressive parties ...
British business chief warns against swift US trade deal image
Source : Guardian [Read Article] Saturday 22nd of July 2017 07:52:58 PM
A headlong rush into a “politically attractive” trade deal with the US risks exposing British companies to hostile takeovers and handing American firms the upper hand, one of Britain’s leading business figures has warned.Adam Marshall, director general of the British Chambers of Commerce, said he was ...
The UK’s Brexit negotiators are powered by little more than hope image
Source : Guardian [Read Article] Saturday 22nd of July 2017 04:00:42 PM
Don’t worry, the Brexiters say – when the negotiations reach their nail-biting conclusion, Brussels will cave in.In parliament, there are more than enough Tory backbench MPs who hold this view to stymie any backsliding by chief negotiator David Davis and his cabinet colleagues. Or so they ...
Full speed ahead for train builders as minister pulls plug on electrification image
The bright, electric future of the railway has been dimmed: trains will now continue to run on diesel west of Cardiff to Swansea, as they will on the Midland mainline to Nottingham and Sheffield.An announcement sneaked out on the last day before parliament went into summer ...
Burgers and birdwatching? UK retail fights to make shopping a big day out image
When Rushden Lakes opens its doors on Friday it will be the first shopping centre to offer both a Marks & Spencer and birdwatching in wetlands that are in the same league as the Camargue or Zambezi Delta.But welcome to 21st-century UK retail, where developers are ...
Can the Mall of America survive the retail apocalypse? image
Source : Guardian [Read Article] Saturday 22nd of July 2017 11:00:36 AM
Twenty-five years ago this August, the Mall of America, America’s largest shopping mall, opened its many, many doors for business. The Minnesota mall is currently wrapping up a year of celebration at the dizzyingly vast temple to consumerism. It’s a celebration that comes, ironically, as America’s ...
SodaStream gets busy with the fizzy … again image
Source : Guardian [Read Article] Saturday 22nd of July 2017 08:00:33 AM
For anyone growing up in the 70s and 80s having a SodaStream was the kitchen sink equivalent of a magic show with the gadget up there with Swap Shop and E.T. as a pop culture reference for the era. At that time the coveted “fizzy-drinks maker” ...
Greed is no longer good – bond boom comes to an end image
Source : Guardian [Read Article] Saturday 22nd of July 2017 07:00:32 AM
City bond traders have put the champagne on ice. They had a good run. For some it lasted almost a year. But it’s over now and the “new normal” of low trading volumes and weak profits is reasserting itself.On Wall Street, Goldman Sachs took the biggest ...
Sun, sea, sand … and a last-minute money-saving holiday guide image
Source : Guardian [Read Article] Saturday 22nd of July 2017 06:00:31 AM
Probably the worst currency deal is at Forexchange in Cardiff airport. Let’s say you want to head off with at least £100 of euros to cover your first few days in Spain. When Guardian Money checked the walk-up rate yesterday it would give us just €88.30 – ...
Don’t bin it … how we served the UK’s first ‘food waste wedding’ feast image
When Charlotte and Nick Baker were planning their wedding in Cumbria last month, they wanted a highly personal celebration that reflected their deeply held principles about minimising  waste.Unusually, that included asking a food waste charity to feed their 135 guests a three-course meal created entirely from ...
Your state pension in Dorset: £124,000. In Glasgow? £38,000 | Patrick Collinson image
The prosperous countryside of east Dorset is home to Britain’s longest living residents, with the average male at birth expected to survive 82.9 years. Maybe it won’t make too much difference to their financial futures that the government said this week that it would raise the ...
Moss Bros outfit delivery isn’t its strong suit image
Source : Guardian [Read Article] Saturday 22nd of July 2017 06:00:31 AM
The gentleman’s outfitters Moss Bros invites bridegrooms to “start [their] forever looking [their] sharpest ever”. For some of its customers, however, the only sharpness is the pain when their hired suits fail to turn up in time.Londoner Barry Koolen was supposed to be celebrating with friends ...
Student Loans Company quadrupled my interest rate – just for taking a short trip image
Graduates who fall foul of the Student Loans Company face paying back thousands of pounds more after it emerged the firm has the right to penalise students with extra interest for simply taking a three-month trip.Guardian Money has been contacted by one Oxford graduate who says ...
Should you tip in a restaurant regardless of quality? image
Source : Guardian [Read Article] Saturday 22nd of July 2017 05:59:30 AM
Every week a Guardian Money reader submits a question, and it’s up to you to help him or her out – a selection of the best answers will appear in next Saturday’s paper.This week’s question:Should you tip in a restaurant even if the food’s not very ...
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'London Whale' charges dropped against former JP Morgan traders image
Source : Guardian [Read Article] Friday 21st of July 2017 11:45:22 PM
US prosecutors have decided to drop criminal charges against two former JP Morgan Chase & Co derivatives traders implicated in the “London Whale” trading scandal that caused $6.2bn (£4.7bn) of losses in 2012.In seeking the dismissal of charges against Javier Martin-Artajo and Julien Grout, the Department ...
UK court blocks £14bn class action case against MasterCard image
Source : Guardian [Read Article] Friday 21st of July 2017 10:39:18 PM
A £14bn class-action lawsuit against MasterCard for allegedly overcharging more than 45 million people in Britain over a 16-year period was blocked by a British court on Friday.The competition appeal tribunal (CAT), a newly empowered court that oversees Britain’s fledgling class action regime, ruled that it ...
Britons travelling to Europe offered just €0.88 for £1 image
Source : Guardian [Read Article] Friday 21st of July 2017 06:31:18 PM
British holidaymakers heading to Europe for this weekend’s big getaway are being offered what may be the worst ever foreign exchange rates at British airports – in one case, just 88 euro cents for every pound they hand over.The 88 euro cents offered at Cardiff airport ...
Banks and companies plan expansion in Frankfurt after Brexit image
Source : Guardian [Read Article] Friday 21st of July 2017 05:53:07 PM
Several hundred banks and companies have contacted German authorities about expanding in Frankfurt, as the city vies to become the EU’s principal financial centre after Brexit.Lucia Puttrich, Europe minister in the government of the state of Hesse, told the Guardian she had been in talks with ...
The government has got it wrong on pensions | Letters image
Source : Guardian [Read Article] Friday 21st of July 2017 05:14:02 PM
The chancellor of the exchequer recently pointed out that public sector pay was superior to private sector pay because of the occupational pension accruing to long-time public sector workers (Chancellor urges restraint on public sector pay, 17 July). However, when it comes to overall pension payments ...
Bank of America to move some City of London roles to Dublin post-Brexit image
Bank of America has become the latest high-profile City firm to reveal its post-Brexit EU hub, selecting Dublin as the location for some of its activities, amid fresh calls for the UK to clinch a transitional deal before it leaves the 28-nation bloc in 2019.The American ...
Savers warned as pension SUPER tax stings 80% more people image
Source : Daily Express [Read Article] Friday 21st of July 2017 03:58:00 PM
More people are breaching the lifetime savings limit and receiving a stinging 55 per cent tax charge.As a result, HMRC raked in an extra £20million in 2015/16 compared to the year before, according to Salisbury House WealthAnd the problem has become even worse after the threshold ...
Let’s move to Canvey Island, Essex: ‘Britain’s Mississippi delta’ image
What’s going for it? Islands are magical. Step over the water and something weird happens, as if normal rules have been suspended. What else could explain Canvey Island? On paper, it shouldn’t work. What, sunbathing next to petrochemical plants? Why ever not? What, a mudflat metres below ...
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Moving abroad: Five tips for feeling at home overseas image
Source : Daily Express [Read Article] Friday 21st of July 2017 03:10:00 PM
Moving abroad can leave even the most confident of people feeling out of place, but there are a number of methods you can utilise to settle in and feel at home overseas.Establish a routineIt is no use tackling the symptoms of a problem if the underlying ...
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Private equity houses offer £3bn for payments processor Paysafe image
Source : Guardian [Read Article] Friday 21st of July 2017 01:46:49 PM
The scramble to capitalise on the growing trend to shop online is continuing after the payments processor Paysafe received a near-£3bn bid from a private equity consortium eager to gain access to the fast-growing sector.Shares in Paysafe shot to record highs after the announcement of the ...
Boots apologises over morning-after pill pricing row image
Source : Guardian [Read Article] Friday 21st of July 2017 01:34:17 PM
Boots has said it is “truly sorry” for the way it responded to a campaign calling for it to cut the price of emergency contraception and said it is looking for cheaper alternatives.The announcement, late on Friday night, came after news that the women’s parliamentary Labour ...
Pepsico, Unilever and Nestlé accused of complicity in illegal rainforest destruction image
Pepsico, Unilever and Nestlé have been accused of complicity in the destruction of Sumatra’s last tract of rainforest shared by elephants, orangutans, rhinos, and tigers together in one ecosystem.Plantations built on deforested land have allegedly been used to supply palm oil to scores of household brands ...
Fit for an oligarch: school for the super-rich opens in London's Mayfair image
School assemblies will be held in a state-room hung with original 1761 green silk wallpaper. History will be taught in neoclassical rooms designed by Robert Adam, and chemistry experiments will be carried out in basement laboratories being converted from what are amusingly described as “Mrs Patmore’s ...
Budget deficit leaps as Brexit-fuelled inflation troubles Hammond image
Source : Guardian [Read Article] Friday 21st of July 2017 11:29:19 AM
The government was forced to borrow more than expected in June after a jump in the UK’s budget deficit to £6.9bn – almost 50% higher than the same month last year.The sharp rise followed a spike in the cost of financing the UK’s debt, a drop ...
Unaccompanied child taken off overbooked easyJet flight at Gatwick image
Source : Guardian [Read Article] Friday 21st of July 2017 09:13:37 AM
EasyJet has opened an investigation after an unaccompanied child was removed from an overbooked flight from London Gatwick.The 15-year-old was taken from his seat on flight EZY8333 to Toulouse on Thursday morning, and left alone at the departure gate.Casper Read, a schoolboy from Worthing, West Sussex, ...
Is this the Brexit banking exodus Theresa May told us couldn’t happen? | Nesrine Malik image
The latest financial institution making plans to relocate jobs away from the UK is Morgan Stanley, which has announced that Frankfurt will become its post-Brexit EU hub, a move that could shift an initial 200 jobs to Germany.Morgan Stanley joins Standard Chartered and Nomura, both of ...
Lloyds compensates only five victims of HBOS fraud scandal image
Source : Guardian [Read Article] Friday 21st of July 2017 07:00:12 AM
Lloyds Banking Group has paid compensation to only five of the 67 victims of the HBOS Reading fraud scandal almost a month after its own deadline for making redress offers for the “utterly corrupt scheme” that left small business owners “cheated, defeated and penniless”.The bank, which ...
Boots faces boycott over refusal to lower cost of morning-after pill image
Source : Guardian [Read Article] Thursday 20th of July 2017 07:02:23 PM
There have been calls for a boycott of Boots after the chemist refused to lower the cost of the morning-after pill for fear it would encourage over-use.Rivals Tesco and Superdrug halved the price of the emergency contraceptive following a campaign from the British Pregnancy Advisory Service ...
The promise of a new era at Sports Direct must also mean new personnel image
Source : Guardian [Read Article] Thursday 20th of July 2017 06:48:36 PM
Skip over a few details in Sports Direct’s full-year results statement and you can almost think the founder and chief executive, Mike Ashley, wants to turn the business into a conventional public company a decade after its arrival on the stock exchange.Look, he’s finally hired a ...
Peak Bake Off? UK's home baking boom soggy bottom image
Source : Guardian [Read Article] Thursday 20th of July 2017 05:31:44 PM
There are signs Britain’s home baking boom may be running out of steam, just as Channel 4 prepares to relaunch one of its main catalysts, The Great British Bake Off.The amount of baking ingredients, including flour, dried fruits and cake coverings, sold by supermarkets fell 3.8% ...
Big-budget films receive increase in tax relief to almost £600m image
Source : Guardian [Read Article] Thursday 20th of July 2017 05:30:42 PM
The government paid out almost £600m in tax relief last year to the makers of blockbusters including Baby Driver, Star Wars and T2: Trainspotting, as well as big-budget TV dramas including The Crown.The payouts were part of £751m that the Treasury awarded in tax relief to ...
SSE loses 230,000 customers in 'highly competitive' UK market image
Source : Guardian [Read Article] Thursday 20th of July 2017 05:28:01 PM
SSE lost nearly a quarter of a million customers in the three months to June as it warned that it faced “complex challenges” this year. The UK’s second biggest energy supplier has been shedding customers at a faster rate than before, with the exodus of 230,000, ...
Quiz float makes fashion firm's founding family some of Scotland's richest image
The Glaswegian family behind the fast-growing fashion chain Quiz are now among Scotland’s richest after selling a £92m stake in a business investors hope will be the next Boohoo.The high street fashion chain is set to be valued at £200m when it floats on Aim, the ...
MPs threatened with arrest after protest at Viagogo office in London image
Source : Guardian [Read Article] Thursday 20th of July 2017 04:48:26 PM
Two MPs have been threatened with arrest after attempting to “doorstep” the bosses of Viagogo at the controversial ticket resale company’s “secret” offices in central London.Conservative MP Nigel Adams and Labour’s Sharon Hodgson said they felt they had no choice but to turn up at Viagogo’s ...
Exxon fined $2m for violating Russia sanctions while Rex Tillerson was CEO image
ExxonMobil showed “reckless disregard” in violating Russian sanctions while Rex Tillerson was the oil company’s CEO, the treasury department said on Thursday.The treasury fined Exxon $2m for violating sanctions that the Obama administration imposed on Russian entities in 2014 over Russia’s annexation of Crimea. And it ...
Tensions rise at fracking site in UK after police and activists clashes image
Source : Guardian [Read Article] Thursday 20th of July 2017 03:17:16 PM
Tensions at Britain’s most high-profile fracking site have risen after an increase in violent clashes between protesters, security guards and police. One demonstrator said she had been left unconscious after a “pretty brutal” scuffle with security officers on Wednesday, and another activist fell from his wheelchair, ...
Hip to be Square Mile as plans unveiled for new London culture hub image
Source : Guardian [Read Article] Thursday 20th of July 2017 02:43:24 PM
London’s Square Mile is known for being full of fast-moving finance workers and slow-moving traffic during the week, but hauntingly deserted at weekends.However, that could change if an initiative to create a cultural destination in the heart of the City is successful.Plans were unveiled on Thursday ...
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Could you spot a fake Airbnb listing, plus what's so fishy about cans of tuna? image
Hello and welcome to this week’s Money Talks – a roundup of the week’s biggest stories and some things you may have missed.End of the ‘rip-off’: all charges for paying by card to be bannedState pension age to increase seven years earlier than plannedUK students should ...
Warm weather drives UK shoppers back to the high street image
Source : Guardian [Read Article] Thursday 20th of July 2017 02:21:55 PM
Retail sales rebounded in June as the sunny weather put consumers in the mood to update their summer wardrobes.Sales rose by 0.6% last month, beating the 0.4% increase forecast by economists and following a sharp 1.1% drop in May, according to the Office for National Statistics ...
The cost of living crisis is down to Brexit. The chickens are coming home to roost | David Blanchflower image
First, a little primer on inflation. The UK inflation rate for June 2017 as measured by the consumer prices index (CPI) was 2.6%, the Office for National Statistics announced this week. That is to say that the cost of living, measured by prices of a representative ...
Recruitment sector tax scheme liquidates hundreds more firms image
Source : Guardian [Read Article] Thursday 20th of July 2017 02:17:53 PM
An aggressive tax avoidance scheme, linked to one of the recruitment industry’s highest-profile names, is liquidating hundreds more companies, according to filings made after a Guardian investigation exposed how the exchequer could lose millions.It was revealed last week that the scheme – which has been promoted ...
Jeremy Corbyn could rip away YOUR state pension: Labour set to 'means-test' key benefit image
The cost of the popular benefit has spiralled in recent years as life expectancy in Britain has increased. This year state pensions will cost the Government £102 billion, but in just 20 years that will soar to £192bn - a staggering £70bn more than it costs ...
State pension benefits rich and UNFAIR on ill or manual workers, says ex-pension minister image
People who paid years of national insurance contributions but don't live until or long after retirement age unfairly miss out on income under the current system, blasted the pension expert. In contrast Britons who live longer and can work until they are older receive more income ...
TSB plans to unlock bank accounts with the blink of an eye image
Source : Guardian [Read Article] Thursday 20th of July 2017 11:29:01 AM
TSB is to introduce iris recognition as a way for customers to unlock its bank app and access their accounts, making it the first in Europe to use this form of biometric technology.From September, TSB customers with a Samsung Galaxy S8 or S8+ will be able ...
Culture secretary keeps Rupert Murdoch waiting over Sky deal image
Source : Guardian [Read Article] Thursday 20th of July 2017 11:26:27 AM
Rupert Murdoch’s bid to take over Sky has been dealt a blow after the culture secretary said she needed more time to deliberate before calling in the competition regulator after being inundated with tens of thousands of submissions opposing the £11.7bn deal.Karen Bradley said she had ...
Grayling sparks fury by scrapping rail electrification plans image
Source : Guardian [Read Article] Thursday 20th of July 2017 11:21:48 AM
Plans to make the railway network faster, greener and cleaner by electrifying lines have been scrapped by the government after massive budget overruns, prompting fury at “years of broken promises”.The plans to modernise the line from Cardiff to Swansea, the Midland mainline and tracks in the ...
French-Dutch culture clash revealed in leaked Air France-KLM report image
Source : Guardian [Read Article] Thursday 20th of July 2017 11:07:14 AM
A clash of national cultures and an inability to understand each other’s languages threatens to make the merged Air France-KLM group of airlines unmanageable, according to a leaked internal company report.French staff in the Franco-Dutch company complain their colleagues from the Netherlands are money-grubbing, while the ...
It’s not just the BBC: pay disparity is a blight on the whole UK | Polly Toynbee image
I can add my own story to the BBC pay brouhaha. In the 1990s, as social affairs editor, one of four newsroom editors leading specialist departments, I was the only woman and, by reliable gossip, I was near as dammit certain I was paid a lot ...
Why my ‘gig economy’ review favours gradual change over quick fixes | Mathew Taylor image
In the city of Gotha, 142 years ago, the German Social Democratic party inspired by Eduard Bernstein infuriated Karl Marx by deciding that socialism could be achieved through reform rather than revolution. In 2017, a week after the prime minister launched my independent review of modern ...
CEO-to-worker compensation gap shrinks in 2016 – but it's still 271-to-1 image
The CEOs of America’s largest firms made an average of $15.6m in compensation last year, or 271 times the annual average pay of the typical worker, according to an analysis released Thursday.The study by the Economic Policy Institute (EPI) looked at compensation, including share options and ...
Mr Kipling maker hit by shoppers' switch to own-label products image
Source : Guardian [Read Article] Thursday 20th of July 2017 08:29:00 AM
The trend among shoppers to switch to cheaper non-branded products as household budgets come under mounting pressure has been underlined by a 9% leap in sales of own-label groceries produced by food group Premier Foods over the last three months.At the same time sales of Premier’s ...
How far would you go to give your children a better chance in life? image
Source : Guardian [Read Article] Thursday 20th of July 2017 08:05:26 AM
Writing in the Observer recently, the writer and academic Richard Reeves challenged well-off parents in the US to acknowledge their role in hoarding opportunity for their own children at the expense of those from poorer families.Reeves, who was born in England and was former deputy prime ...
British Gas to pay customers £1.1m over missed appointments image
Source : Guardian [Read Article] Thursday 20th of July 2017 07:26:32 AM
British Gas is to pay £1.1m to compensate customers after its agents missed appointments, breaching industry standards.The energy firm will make the payments to domestic and micro-business customers after its third-party agents missed appointments or turned up late, and did not compensate them as required by ...
Mike Ashley brushes off 60% dive in profits as shares in Sports Direct rise image
Mike Ashley insists that Sports Direct is on track to become the “Selfridges of sport” despite reporting a near 60% dive in annual profits.Underlying profits before tax at the sportswear chain slumped by 58.7% from £275.2m to £113.7m in the year to the end of April.Ashley, ...
Should I cash in my endowment early to pay off my mortgage? image
Source : Guardian [Read Article] Thursday 20th of July 2017 06:00:13 AM
Q The current fixed-rate deal on my interest-only mortgage of £47,000 will finish at the end of next March, and the entire mortgage term is due to end in July 2023. My endowment will mature a year before that and is on track to pay out ...
Why all women need to know what their colleagues earn image
Source : Guardian [Read Article] Thursday 20th of July 2017 05:00:12 AM
The great reveal of the salaries of the BBC’s highest-paid stars has, for the most part, been grim fun. Should we not cheer that public sector workers are paid so generously? And can Alan Shearer’s most obvious of observations really be worth up to £450,000 a ...
Shares in Asia head for 10-year high on back of US profit surge image
Source : Guardian [Read Article] Thursday 20th of July 2017 04:19:56 AM
Shares in Asia have reached their highest point for nearly 10 years bolstered by a surge in stock markets around the world on the back of strong US corporate earnings.As investors awaited the European Central Bank meeting for clues on its policy outlooks, the MSCI’s broadest ...
Deutsche Bank expects subpoenas over Trump-Russia investigation image
Source : Guardian [Read Article] Wednesday 19th of July 2017 11:26:20 PM
Executives inside Deutsche Bank, Donald Trump’s personal bankers, are expecting that the bank will soon be receiving subpoenas or other requests for information from Robert Mueller, the special counsel who is investigating possible collusion between the Kremlin and the Trump campaign.A person close to the matter ...
British American Tobacco to acquire Reynolds as activists decry merger image
Source : Guardian [Read Article] Wednesday 19th of July 2017 06:51:28 PM
British American Tobacco (BAT) has come under fire from health campaigners after shareholders approved its buyout of American firm Reynolds on Wednesday, which will create the world’s biggest tobacco company.Shareholders of both companies approved the deal, which will take BAT back into the US market after ...
We can only address pay imbalances if we can see them | Nils Pratley image
Source : Guardian [Read Article] Wednesday 19th of July 2017 06:43:44 PM
The BBC fought against publishing the salaries of its highest-earning performers because it thought a list would serve to drive up salaries in the media industry. Its worry may be justified. In the wider world of big public companies, transparency and inflation have been co-travellers.When Imperial ...
Burberry's Paul Price to be new boss of Topshop image
Source : Guardian [Read Article] Wednesday 19th of July 2017 05:46:19 PM
Topshop is getting its first male boss in 18 years with the appointment of Burberry executive Paul Price.Price will join the high street fashion chain on 4 September, taking over from Mary Homer, who is leaving to head the White Company after more than a decade ...
British Airways cabin crew extend strike into August holiday peak image
Source : Guardian [Read Article] Wednesday 19th of July 2017 05:25:45 PM
Striking British Airways cabin crew have announced a further two weeks of action for the first half of August in their battle over pay and sanctions at the airline.Crew in the lower-paid mixed fleet working out of Heathrow started the latest 14-day walkout on 19 July, ...
The coal truth: how a major energy source lost its power in Britain image
Source : Guardian [Read Article] Wednesday 19th of July 2017 04:16:25 PM
Once the engine of the Industrial Revolution and employer of nearly 1.2 million people, the fall of old king coal in the UK has been precipitous.Only five years ago, the fuel was generating more than 40% of the UK’s electricity, but new analysis by Imperial College ...
Morgan Stanley picks Frankfurt as post-Brexit hub image
Source : Guardian [Read Article] Wednesday 19th of July 2017 04:11:56 PM
US investment bank Morgan Stanley has chosen Frankfurt as the site of its post-Brexit EU hub in a move that could put 200 jobs in the City of London under threat.The bank will apply for a licence with the local German regulator that will allow it ...
GlaxoSmithKline to sell UK Horlicks brand and scrap factory plans image
Source : Guardian [Read Article] Wednesday 19th of July 2017 02:51:53 PM
GlaxoSmithKline has unveiled plans to sell its Horlicks brand in the UK, shut the Slough plant where the malt drink is made and abandon a proposed £350m biopharmaceutical manufacturing plant in Cumbria.The planned factory at Ulverston was hailed five years ago as a boost to Cumbria ...
State pension age rises: Will changes affect you? Everything you need to know image
Source : Daily Express [Read Article] Wednesday 19th of July 2017 02:42:00 PM
The official retirement age will rise to 68-years-old by 2039, seven years earlier than previously planned, as part of plans outlined by the new Secretary of State for Work and Pensions David Gauke.Everyone born between 6 April 1970 and 5 April 1978 will be affected by ...
HS2 cost concerns as NAO uncovers £2.7m in redundancy payouts image
Source : Guardian [Read Article] Wednesday 19th of July 2017 02:41:26 PM
Fears that high-speed rail project HS2’s £55.7bn budget could spiral higher have been underlined by an audit showing unauthorised redundancy payments to staff, far above the government cap on payouts.HS2 Ltd, the publicly funded company building Britain’s new high-speed rail network, spent £2.76m on payoffs in ...

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