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....Swinton, which employs 3,000 people across the UK, said where possible, affected staff will be deployed into other parts of the business. The insurance broker, which has more branches than any of its rivals, blamed business switching to the internet. ... [Read full article on BBC ]
Wednesday 26th of April 2017 05:00:01 PM
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....The retailer plans further expansion in the US, where sales grew by 140% compared with 33% in the UK. Analysts at stockbroker Peel Hunt, who have a buy rating on Boohoo’s shares, upgraded their 2017-18 pre-tax profit forecast to £40m. ... [Read full article on Guardian ]
Wednesday 26th of April 2017 05:31:48 PM
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....British Gas is the only one of the large suppliers to have not hiked prices in the recent flurry of tariff rises, although analysts expect the cap will dent its parent company’s earnings before by £300m. Experts at Jefferies, the stockbroker, said that if the company offset the pain by making its fixed deals more expensive – as seems likely across the industry – it would reduce the loss to £150m. ... [Read full article on Guardian ]
Monday 24th of April 2017 09:05:46 AM
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....He said the triple lock had delivered "big improvements" to pensioner incomes since 2010, but political parties would be concerned about the long-term cost implications of the policy "on top of increased spending on health and social care associated with an ageing population". But Tom McPhail, pensions expert at stockbrokers Hargreaves Lansdown, said the plan added a layer of complexity to pension policy. ... [Read full article on BBC ]
Sunday 30th of April 2017 02:11:29 AM
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....Many people assume that using their bank is the easiest method of moving money abroad, but banks don’t offer the most competitive exchange rates and many charge transfer fees, so taking the time to do a little research into your other options could really pay off. One of the best options available to you is to use a leading currency broker. ... [Read full article on Daily Express ]
Tuesday 25th of April 2017 12:01:00 AM
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....Swinton is planning to close a another 84 branches and cut as many as 900 jobs because the vast majority of its customers prefer to buy insurance online or over the phone. The second wave of closures in just over a year means the company’s branch network will more than halve to 111, although it says it will still be the biggest insurance broker on the high street. ... [Read full article on Guardian ]
Wednesday 26th of April 2017 06:06:32 PM
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....For starters, different international money transfer providers tend to offer different exchange rates. Using your bank to transfer money abroad might seem like the easiest option, but currency brokers typically work from smaller margins and therefore offer far more competitive exchange rates. ... [Read full article on Daily Express ]
Monday 24th of April 2017 11:39:00 AM
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....”. Ray Boulger, of mortgage broker John Charcol, says: “Your reader highlights a major defect, which I suspect the government either overlooked or didn’t appreciate all the implications of, in the PDR order. ... [Read full article on Guardian ]
Saturday 29th of April 2017 06:00:22 AM
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Latest Finance News related to Broker

Triple-lock: Call for pensions policy to be revamped image
Source : BBC [Read Article] Sunday 30th of April 2017 02:11:29 AM
....He said the triple lock had delivered "big improvements" to pensioner incomes since 2010, but political parties would be concerned about the long-term cost implications of the policy "on top of increased spending on health and social care associated with an ageing population". But Tom McPhail, pensions expert at stockbrokers Hargreaves Lansdown, said the plan added a layer of complexity to pension policy. ...
Our flat was perfect  – until planners let a restaurant open below image
Source : Guardian [Read Article] Saturday 29th of April 2017 06:00:22 AM
....”. Ray Boulger, of mortgage broker John Charcol, says: “Your reader highlights a major defect, which I suspect the government either overlooked or didn’t appreciate all the implications of, in the PDR order. ...
Swinton insurance cuts 900 jobs as customers switch to online image
Source : Guardian [Read Article] Wednesday 26th of April 2017 06:06:32 PM
....Swinton is planning to close a another 84 branches and cut as many as 900 jobs because the vast majority of its customers prefer to buy insurance online or over the phone. The second wave of closures in just over a year means the company’s branch network will more than halve to 111, although it says it will still be the biggest insurance broker on the high street. ...
Fashion retailer Boohoo nearly doubles profit after celebrity Instagram tie-ups image
....The retailer plans further expansion in the US, where sales grew by 140% compared with 33% in the UK. Analysts at stockbroker Peel Hunt, who have a buy rating on Boohoo’s shares, upgraded their 2017-18 pre-tax profit forecast to £40m. ...
Swinton Insurance to cut 900 jobs image
Source : BBC [Read Article] Wednesday 26th of April 2017 05:00:01 PM
....Swinton, which employs 3,000 people across the UK, said where possible, affected staff will be deployed into other parts of the business. The insurance broker, which has more branches than any of its rivals, blamed business switching to the internet. ...
These are the mistakes everyone makes when buying foreign currency - and how to AVOID them image
....Many people assume that using their bank is the easiest method of moving money abroad, but banks don’t offer the most competitive exchange rates and many charge transfer fees, so taking the time to do a little research into your other options could really pay off. One of the best options available to you is to use a leading currency broker. ...
Buying a holiday home in Spain? This is how you can make BIG savings image
Source : Daily Express [Read Article] Monday 24th of April 2017 11:39:00 AM
....For starters, different international money transfer providers tend to offer different exchange rates. Using your bank to transfer money abroad might seem like the easiest option, but currency brokers typically work from smaller margins and therefore offer far more competitive exchange rates. ...
Tory energy bill cap dents Centrica and SSE share prices image
Source : Guardian [Read Article] Monday 24th of April 2017 09:05:46 AM
....British Gas is the only one of the large suppliers to have not hiked prices in the recent flurry of tariff rises, although analysts expect the cap will dent its parent company’s earnings before by £300m. Experts at Jefferies, the stockbroker, said that if the company offset the pain by making its fixed deals more expensive – as seems likely across the industry – it would reduce the loss to £150m. ...
Buy-to-let slump puts first-time buyers in the driver’s seat image
Source : Guardian [Read Article] Saturday 22nd of April 2017 05:59:06 AM
....Estate agents report that the withdrawal of landlord buyers has left the market freer for first-time buyers without pushing up prices. Mark Dyason, director of the UK-wide mortgage broker Edinburgh Mortgage Advice, says: “We are seeing a huge amount of pent-up demand . ...
Dortmund attack: man arrested on suspicion of share-dealing plot image
Source : Guardian [Read Article] Friday 21st of April 2017 04:36:02 PM
....Police were first alerted to unusual activity on the stock exchange only a day after the attack, but had initially dismissed the lead. Employees of Comdirect, an online broker attached to the German bank Commerzbank, later contacted police about Sergej W’s unusual purchase over suspicions of money laundering. ...
Sports Direct's £78m move into US retail stuns analysts image
Source : Guardian [Read Article] Friday 21st of April 2017 03:41:12 PM
....Analysts said the US acquisition would distract the company from efforts to lift its UK performance. “We find the timing extraordinary,” analysts at stockbroker Peel Hunt wrote in a research note, downgrading their investment stance to “add” from “buy”. ...
UK bank accounts of Iranian customers still being closed, says law firm image
....”. Vahid said accounts are often closed when people receive money from Iran, usually by cash transfer or via a money broker. ...
Record low rate signals mortgage battle image
Source : BBC [Read Article] Friday 21st of April 2017 09:48:53 AM
...."We are seeing newer lenders competing to top the best buy tables. The banks and building societies are battling to attract new borrowers and they are tempting customers in with their cheapest ever mortgages," said Aaron Strutt, of mortgage broker Trinity Financial. ...
Services matter image
Source : BBC [Read Article] Tuesday 18th of April 2017 11:13:46 PM
FTSE 100 suffers worst day since Brexit vote after May calls election image
Source : Guardian [Read Article] Tuesday 18th of April 2017 05:11:25 PM
.... But in the wake of the snap general election, it said it was ditching its bets against the pound. The stockbroker Brewin Dolphin said that the rise in sterling might appear “counter-intuitive” as traders have been betting on sterling falling ever since last June’s Brexit vote. ...
Walking dead image
Source : BBC [Read Article] Sunday 16th of April 2017 08:34:11 AM
.... But they differ on the probable course of action. Eurotechnology's Mr Fasol is predicting a "politically brokered solution", in which a US firm and a Japanese government investment fund acquire the chip company. ...
Our high streets don’t need new shops – they need new ideas | Suzanne Moore image
.... There are more coffee shops than you can throw a stick at in my local high street, where you can buy actual sticks in a florist for £18, as well as stupidly priced baby clothes. A little further away, there is a pawnbroker and a parade of pound shops. ...
What is the cheapest way to send money overseas? How to transfer money abroad image
Source : Daily Express [Read Article] Wednesday 12th of April 2017 04:55:00 PM
....The size of the mark-up they add dictates how good an exchange rate you’re able to receive. Because currency brokers are focussed entirely on foreign currency, they have the scale and resources to offer lower margins than banks, getting you a better exchange rate. ...
Car insurance premiums 'jump by £110' image
Source : BBC [Read Article] Monday 10th of April 2017 11:09:14 PM
....The Confused. com research, which is carried out together with insurance brokerage Willis Towers Watson, checks more than four million car insurance quotes. ...
BBC to air recording that implicates Bank of England in Libor scandal image
Source : Guardian [Read Article] Monday 10th of April 2017 06:45:56 PM
....The Bank of England said it had provided a statement to the BBC noting that Libor and other global benchmarks were not regulated in the UK or elsewhere at the time. The Bank added it was helping with investigations by the Serious Fraud Office into Libor manipulation by employees at commercial banks and brokers. ...
Barclays boss used bank's security team to hunt for whistleblower image
Source : Guardian [Read Article] Monday 10th of April 2017 09:06:17 AM
....John Mann, the Labour MP and member of the Treasury select committee, called on Staley to resign while the Institute of Directors said it was “clearly disappointing” that Barclays had breached its own rules on protecting whistleblowers. Gary Greenwood, an analyst at stockbroker Shore Capital, said: “Given Barclays’ history of regulatory misdemeanours, most notably the high profile investigation into Libor rigging which led to former CEO Bob Diamond’s departure from the group, this latest revelation represents a very significant embarrassment for the board as it tries to rebuild the group’s reputation. ...
Libor: Bank of England implicated in secret recording image
Source : BBC [Read Article] Sunday 9th of April 2017 11:01:47 PM
.... . "Nonetheless, the Bank of England has been assisting the SFO's criminal investigations into Libor manipulation by employees at commercial banks and brokers by providing, on a voluntary basis, documents and records requested by the SFO. ...
Two Barclays traders found not guilty in Libor retrial image
Source : BBC [Read Article] Thursday 6th of April 2017 10:12:09 AM
....The Libor rigging scandal erupted in 2012, when Barclays was the first bank to be prosecuted with a £290m fine, which sparked the resignation of chief executive Bob Diamond. Royal Bank of Scotland, UBS, Deutsche Bank and broker Icap were also heavily fined for attempting to manipulate the rate. ...
Pearson share slide drags down FTSE 100 image
Source : BBC [Read Article] Thursday 6th of April 2017 07:40:37 AM
....1723. Pearson's fall was exacerbated by a broker downgrade from Exane BNP Paribas. ...
Unilever to sell off Flora and Stork image
Source : BBC [Read Article] Thursday 6th of April 2017 06:57:38 AM
...."The planned separation of Unilever's spreads business. is the result of the decline the division has seen in recent years, particularly in the US," said George Salmon of stockbrokers Hargreaves Lansdown. ...
Thousands of Tesco jobs at risk under plan to axe some night shifts image
Source : Guardian [Read Article] Wednesday 5th of April 2017 04:55:52 PM
.... Schroders and Artisan Partners, which between them own 9% of the company, have written separately to the Tesco chairman, John Allan, to ask him to pull out of the deal. Berstein analyst Bruno Monteyne said the broker’s poll of investors found support for the deal among Tesco and Booker shareholders was “high but not overwhelming”. ...
Amazon enters business supplies market image
Source : BBC [Read Article] Tuesday 4th of April 2017 09:17:46 AM
...."For many small businesses this will be a welcome opportunity to get everything in one place," said Bryan Roberts a retail analyst at TCC Global. Laith Khalaf, senior analyst and stockbrokers, Hargreaves Lansdown said further competition was likely to mean keener pricing for business supplies. ...
How to fight back against age bias on finances image
Source : Daily Express [Read Article] Sunday 2nd of April 2017 12:01:00 AM
.... . David Hollingworth, mortgage broker at London & Country, says older borrowers keen to take advantage of today’s low mortgage rates need to demonstrate that they can afford the mortgage: “This means showing evidence of all your sources of income after you have retired. ...
Serious Fraud Office boss warns big names to play ball – or else image
Source : Guardian [Read Article] Saturday 1st of April 2017 03:00:28 PM
.... The Tesco deal still needs high court approval: a hearing is scheduled for 10 April. Getting such well-known British companies to pay huge fines could be construed as a major victory for the SFO, which suffered a setback last year, after City brokers were found not guilty of helping Tom Hayes rig Libor interest rates. ...
Mortgage tax relief cut doesn’t add up for buy-to-let landlords image
Source : Guardian [Read Article] Saturday 1st of April 2017 06:00:17 AM
....This might sound like quite a technical change, but the result will be that the amount of tax owed by some landlords will double or even triple. New figures produced by mortgage broker John Charcol suggest some could see their annual net profit tumble by 84%. ...
FTSE 100 slides as South African-exposed firms hit image
Source : BBC [Read Article] Friday 31st of March 2017 07:52:27 AM
....Direct Line was one of the better performers in the FTSE 100, climbing 1. 8%, after a couple of broker upgrades. ...
London will remain Europe’s financial capital despite Brexit | Nils Pratley image
. If Lloyd’s of London is serious about banning its brokers from enjoying a pint at lunchtime, which was last month’s edict from the top of the Richard Rogers building, Brussels is probably not the best place to open a new base. ...
No, wealth isn’t created at the top. It is merely devoured there | Rutger Bregman image
.... Bankers have found a hundred and one ways to accomplish this. The basic mechanism, however, is always the same: offer loans like it’s going out of style, which in turn inflates the price of things like houses and shares, then earn a tidy percentage off those overblown prices (in the form of interest, commissions, brokerage fees, or what have you), and if the shit hits the fan, let Uncle Sam mop it up. ...
Leading City firms begin to lay groundwork for London jobs exodus image
Source : Guardian [Read Article] Thursday 30th of March 2017 01:06:02 PM
.... However, James Cowles, Citi’s chief executive for EMEA, said the bank was planning on the basis of a “hard Brexit” that would result in the UK losing its passporting rights. Cowles said: “A hard Brexit would require certain changes, including relocating certain client-facing roles to the EU from the UK, and the possible creation of a new broker-dealer entity within the EU. ...
Lloyd’s of London will move jobs to new Brussels office image
Source : Guardian [Read Article] Wednesday 29th of March 2017 05:21:41 PM
.... Lloyd’s declined to comment. Founded in 1688, Lloyd’s is the world’s oldest insurance market, where insurers do business via brokers. ...
Markets 'shrug off' Article 50 letter image
Source : BBC [Read Article] Wednesday 29th of March 2017 07:29:56 AM
Trump is wrong to criticise Germany over trade – he should look closer to home image
....He should also consider that those alluring US financial products, which have so afflicted America’s export sector, have sometimes been pie in the sky rather than legitimate investment opportunities. Both Jimmy Carter and Bill Clinton prompted brokers with their Community Reinvestment Act to help the US poor achieve home ownership by means of generous loans, even though it was clear from the outset that many of these borrowers would never be able to repay the money. ...
Tesco fined £129m for overstating profits image
Source : BBC [Read Article] Tuesday 28th of March 2017 06:35:26 AM
....Tesco shares were little moved on Tuesday. Laith Khalaf, senior analyst, at Hargreaves Lansdown stockbrokers, said the accounting error uncovered was "exceptionally rare" in the UK stock market. ...
Council tax bills to rise in nine out of 10 English local authorities image
Source : Guardian [Read Article] Sunday 26th of March 2017 11:01:43 PM
....He said East Hampshire had been able to make savings in part by making large investment in commercial property including the pursuit of a £35m investment programme. Cowper said the council was also negotiating a further £200m loan with City brokers to increase its number of commercial properties. ...
Taking the easy option with car insurance renewal can be costly image
Source : Daily Express [Read Article] Sunday 26th of March 2017 12:01:00 AM
.... . The rules apply to insurance companies and anybody else selling cover, which includes banks, brokers and high-street retailers, such as M&S, Sainsbury’s and Tesco. ...
The death of the mortgage salesman is unfortunately premature image
Source : Guardian [Read Article] Saturday 25th of March 2017 07:00:03 AM
.... But are these relics in fact still alive and crawling back into the mainstream?. On the quiet the major mortgage lenders have begun making “retention” payouts to brokers, alongside the “procuration” fees they have long paid. ...
Is an Isa the best home for your nest egg? image
Source : Guardian [Read Article] Saturday 25th of March 2017 07:00:03 AM
.... You can’t just ring BP and say “Can I buy 100 shares in your company”, or go to Vanguard and say “Can I put £1,000 into your fund”. You have to use a broker, or to use the modern parlance a “platform”, where you buy the fund and can watch how it is getting along. ...
Bank that lent $300m to Trump linked to Russian money laundering scam image
Source : Guardian [Read Article] Tuesday 21st of March 2017 07:00:14 PM
.... The money spent on watches was marked down on the bank wire transfer as a payment for “computer equipment”. Another $500,000 payment was made to a London fur broker, Gideon Bartfeld. ...
British banks handled vast sums of laundered Russian money image
Source : Guardian [Read Article] Monday 20th of March 2017 06:00:24 PM
....The records also give an insight into Russian shopping habits, although the customers in many cases are unknown. They bought diamonds from a jewellers in Bond Street, furs from brokers in north London, and chandeliers from a Chelsea boutique. ...
Google apologises after ads appear next to extremist content image
Source : BBC [Read Article] Monday 20th of March 2017 10:09:41 AM
....". Brian Wieser, an analyst at the brokerage Pivotal, meanwhile downgraded Google's stock on Monday, saying the scandal would curtail its profits this year. ...
'Out of control' image
Source : BBC [Read Article] Monday 20th of March 2017 12:02:11 AM
....The business is similar to a regular recruitment agency, in that it maintains an online listing of available jobs, and acts as a mediator between would-be employees and hiring managers. However, Enabled also offers what it calls "accessibility brokering", which means that it works to ensure that businesses are able to offer employees the working conditions they need to perform at their best. ...
Five-minute guide to…The resurgence of first-time buyers image
Source : Daily Express [Read Article] Sunday 19th of March 2017 12:01:00 AM
....”. Adrian Anderson, director of mortgage broker Anderson Harris, says the recent pick-up is very encouraging: “First-time buyers are the lifeblood of the market and their return is a boost for all homeowners. ...
Are these cashback deals  a carrot… or a costly stick? image
Source : Guardian [Read Article] Saturday 18th of March 2017 07:00:32 AM
....Such deals are usually targeted at cash-strapped first-time buyers. “Cashback is far more prevalent than in the past,” says Jonathan Harris at mortgage broker Anderson Harris. ...
Comma comeuppance: When rogue punctuation proves costly image
Source : BBC [Read Article] Friday 17th of March 2017 09:44:01 AM
....But before we feel too sorry for the firm, in the previous year it had reported total profits of about $1bn. In December 2005, stock market trading in a newly listed Japanese company was thrown into chaos by a broker's typing error. ...
Former Barclays chief Bob Diamond to buy Panmure Gordon image
Source : Guardian [Read Article] Friday 17th of March 2017 08:15:51 AM
....Diamond is not expected to have a day-to-day role in the management of Panmure Gordon, with Hansen more directly involved in the deal from Atlas’s side. A statement from the stockbroker said that its independent directors unanimously consider the offer price to be “fair and reasonable”. ...
Bob Diamond in deal to buy stockbroker Panmure Gordon image
Source : BBC [Read Article] Friday 17th of March 2017 07:45:59 AM
. Bob Diamond has joined forces with the Qatari royal family to buy Panmure Gordon, the loss-making stockbroker and investment bank. ...
Sainsbury's warns over 'uncertain' impact of pound's Brexit slide image
Source : Guardian [Read Article] Thursday 16th of March 2017 08:22:39 AM
.... Coupe strongly denied suggestions that the target to get consumers to halve household waste had been ditched. Neil Wilson, senior market analyst at broker ETX Capital, said: “Sainsbury’s did very well when Tesco and others were struggling but is now facing its own challenges. ...
US Federal Reserve raises interest rates to 1% in bid to hold off inflation image
....Some economists argue that weak wages and productivity growth in the US will limit the Fed’s rate increases to a handful before reaching a peak at around 2%. Gus Faucher, the deputy chief economist at the stockbroker PNC, said: “I think the concern, in terms of why the Fed is raising rates now, is that inflation is picking up. ...
Interest-only mortgage deals: Bank to help 100,000s borrowers with new change image
Source : Daily Express [Read Article] Wednesday 15th of March 2017 02:15:00 PM
....Homeowners often find it difficult to get a new mortgage deals if the term runs into retirement, even though many people could use guaranteed pension income to make repayments. Jonathan Harris, director of mortgage broker Anderson Harris, said: "There are mainstream lenders out there who are already accommodating to the older borrower and those are worth checking out in the first instance. ...
UK shares lifted by takeover news image
Source : BBC [Read Article] Monday 13th of March 2017 09:09:59 AM
...."But Bovis should hold out for a better premium. Joint brokers Deutsche Bank and Jeffries have price targets of 969p and 886p respectively. ...
Glad to be sacked image
Source : BBC [Read Article] Monday 13th of March 2017 12:12:20 AM
.... . Retail analyst Jonathan Pritchard of stockbrokerage Peel Hunt says he would score Mr Gormley's first two years leading Majestic as "eight out of 10". ...
Can .art domain give the art business an online boost? image
Source : Guardian [Read Article] Sunday 12th of March 2017 08:00:19 AM
Budget 2017: tax on dividends will be a raid on 2 million small investors image
....Intriguingly, the government revealed that “significantly more men will be affected than women,” and around 18% will over 65. Tom Selby, at stockbroker AJ Bell, crunched the numbers and says that if you were to assume a 4% dividend yield – he says the FTSE All-Share index is yielding around 3. ...
US interest rate rise almost certain after bumper jobs growth image
Source : Guardian [Read Article] Friday 10th of March 2017 06:15:58 PM
....Gus Faucher, chief economist at financial services group PNC, said approvingly that the “underlying trends for the economy now are similar to those in 2016”, when there was consistently strong jobs growth. John Cannally of stockbroker LPL wrote on Twitter that the market “may begin to price in” the expected rate hikes this year. ...
Soft drinks tax raises less money than forecast as firms cut sugar content image
....35 – a plan the government said would “target the cheapest tobacco”. Analysts at City stockbroker Jefferies said this could boost the trade in illicit cigarettes but might also help cigarette firms by making their cheaper products less attractive. ...
BT's £1.2bn Champions League splurge is price of staying in Sky game image
.... So a knock-out Champions League bid was always likely. “More than anything the Champions League deal is about getting one of the monkeys off their back,” said Sam McHugh, an analyst at stockbroker Exane. ...
Bad news for online advertisers – you’ve been ’ad | John Naughton image
.... But eventually people will ask: what’s the rate of return of online advertising? Who’s benefiting from this vast, opaque, unregulated, unmonitored and ultimately user-hostile online auction system? Part of the answer may be glimpsed in the share prices of Google and Facebook. But mostly it’s to be found in the profits of the data-brokers, cookie monsters, trackers and other corporate creatures that lurk in the shadows cast by the internet giants. ...
Buy-to-let landlords face huge tax increase from new law image
Source : Daily Express [Read Article] Sunday 5th of March 2017 12:01:00 AM
....Landlords even pay a higher rate of capital gains tax when selling a property, at 18 per cent for basic rate taxpayers and 28 per cent for higher rate taxpayers. However, Mark Harris, chief executive of mortgage broker SPF Private Clients, says with savings paying near zero interest, many will continue to favour bricks and mortar: “Those who bought some years ago and have reduced their mortgage debt should still be able to turn a profit. ...
ITV shouldn't get away with blaming Brexit for falling revenues | Nils Pratley image
.... It is a commonsense action that should have been adopted years ago. Terry Smith, former City analyst, former broker and now manager of the £10bn Fundsmith fund (disclosure: I am an investor) is off to Mauritius. ...
Bank of England makes obscure tweak to mortgage rules... now you can get a BIGGER mortgage image
....5 times their annual income could now jump in the following months, according to experts. The number of home buyers taking on the riskier loans could surge by 10 per cent, Ray Boulger, senior technical director at mortgage broker John Charcol estimates. ...
NHS faces £1bn annual bill after 'reckless' change to injury payouts image
Source : Guardian [Read Article] Monday 27th of February 2017 10:45:09 AM
....The CBI said the decision subjected insurance companies to a “large and sudden shock at a time when stability and predictability should be prioritised”. Insurance brokerage Willis Towers Watson estimates the rate change will cost the insurance industry a one-off charge of £5. ...
‘Buy for Uni’ mortgage turns students into landlords image
Source : Guardian [Read Article] Monday 27th of February 2017 09:28:35 AM
.... “If somebody doesn’t have any capital to go down on this and they have to put a charge against their property and someone is going to be at university for three or four years, I can see it making sense. I just think rents are not going to be enough to sustain it so mum and dad are going to have to have a decent income to back it up,” says Alistair Hargreaves, executive mortgage protection consultant at brokers John Charcol. ...
LSE/Deutsche Börse merger on brink of failure over EU demand image
Source : Guardian [Read Article] Monday 27th of February 2017 01:58:11 AM
.... The commission would not comment before a deadline for delivering its formal verdict on 3 April. Analysts at stockbroker Numis said: “We believe it is highly unlikely this deal will now complete. ...
Snapchat IPO: Evan Spiegel tries to sell investors on his top product – himself image
....“People are pumped about the IPO,” said Vlad Tenev, Robinhood’s co-founder. Tenev said his customers tended to be younger than the average broker. ...
What’s the point of building a million new homes if they’re not fit to live in? | John Harris image
.... In addition it insists that some homeowners claiming compensation sign gagging orders that reportedly extend to conversations with their neighbours. This is a funny way for a supposed honest broker to behave, and underlines the sense of helplessness felt by people at the blunt end. ...
Convicted fraudsters sell Ed Sheeran tickets through Ticketmaster image
Source : Guardian [Read Article] Wednesday 22nd of February 2017 09:48:02 AM
....FanFair Alliance, which campaigns for reform of ticketing, said: “So-called secondary ticketing services like Get Me In!, Seatwave, StubHub and Viagogo present themselves as safe and secure platforms [. ] but it has become increasingly clear they exist predominantly as a vehicle for professionalised ticket touts or ‘brokers’ profiteering from a lack of transparency. ...
Lloyds reports biggest profits since financial crash image
Source : Guardian [Read Article] Wednesday 22nd of February 2017 08:49:43 AM
....But there was some scepticism about the bank’s ability to achieve these goals. Sandy Chen at the brokers Cenkos said: “We don’t see much to revise our long-held scepticism about Lloyds’ ability to achieve its lofty long-term targets. ...
Savers need a balancing act to beat inflation image
Source : Guardian [Read Article] Monday 20th of February 2017 07:00:31 AM
.... The Brexit vote and Trump election drove demand to a four-year high in 2016 as pension funds and other institutional investors piled in. “Because it pays no interest, savers often overlook the precious metal assuming it’s only for active traders or wealthy investors,” says Adrian Ash, head of research at gold broker BullionVault. ...
How to cut FIVE months off your mortgage repayments with one simple move image
Source : Daily Express [Read Article] Sunday 19th of February 2017 04:02:00 PM
....36 per cent to 2. 98 per cent, found the mortgage broker. ...
Tackle your debts while interest rates are at lowest image
Source : Daily Express [Read Article] Sunday 19th of February 2017 11:59:00 AM
.... . David Hollingworth, broker at L&C Mortgages, says older homeowners with interest-only mortgages need to review their debt: “If you have a capital repayment mortgage, check it is set up to clear the mortgage on your retirement date, or preferably earlier. ...

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