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....Microsoft founder Bill Gates again tops Forbes' list of the world's richest people, in a year when the number of billionaires rose 13% to 2,043. According to the magazine's annual rich list, Mr Gates' fortune rose to $86bn, from $75bn, followed by investor Warren Buffett, up $14. ... [Read full article on BBC ]
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.... . The centenarian was at the helm of his family's fortune, controlling both philanthropic and business interests. ... [Read full article on BBC ]
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. US president Donald Trump’s fortune has fallen by about $1bn to $3. ... [Read full article on Guardian ]
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....When Sybil Jenazian died last year it was no surprise that her estate was worth a tidy sum. Her Armenian father had made a fortune in the Lancashire cotton trade and left most of it to Sybil. ... [Read full article on Guardian ]
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. House prices in the Scottish isles have witnessed contrasting fortunes in the past year - putting them at extreme ends of UK property price movements. ... [Read full article on BBC ]
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Latest Finance News related to Fortune

Contrasting fortunes for island property image
Source : BBC [Read Article] Tuesday 21st of March 2017 11:23:51 AM
. House prices in the Scottish isles have witnessed contrasting fortunes in the past year - putting them at extreme ends of UK property price movements. ...
US billionaire philanthropist David Rockefeller dies at 101 image
Source : BBC [Read Article] Monday 20th of March 2017 07:01:10 PM
.... . The centenarian was at the helm of his family's fortune, controlling both philanthropic and business interests. ...
Bill Gates tops Forbes' rich list but Trump's wealth slips image
Source : BBC [Read Article] Monday 20th of March 2017 05:17:00 PM
....Microsoft founder Bill Gates again tops Forbes' list of the world's richest people, in a year when the number of billionaires rose 13% to 2,043. According to the magazine's annual rich list, Mr Gates' fortune rose to $86bn, from $75bn, followed by investor Warren Buffett, up $14. ...
How a £1 million inheritance slipped from our family’s grasp image
Source : Guardian [Read Article] Saturday 18th of March 2017 07:00:32 AM
....When Sybil Jenazian died last year it was no surprise that her estate was worth a tidy sum. Her Armenian father had made a fortune in the Lancashire cotton trade and left most of it to Sybil. ...
Zara founder to receive £1.1bn payout after record sales image
Source : Guardian [Read Article] Wednesday 15th of March 2017 10:47:42 AM
....Ortega, 80, is still the biggest shareholder in Galicia-based Inditex and will receive the cash as dividend payments after the company revealed record financial results for 2016. The world’s fourth richest person and the wealthiest European, Ortega has a fortune estimated at $71. ...
Ikea drivers living in trucks for months image
Source : BBC [Read Article] Wednesday 15th of March 2017 12:00:20 AM
.... . "There is a road safety risk, and the Treasury is losing a fortune in tax revenue. ...
Wanda's deal for Golden Globe firm collapses image
Source : BBC [Read Article] Monday 13th of March 2017 02:28:41 PM
.... . But the slowdown in China's economic fortunes has made the government more cautious. ...
Glad to be sacked image
Source : BBC [Read Article] Monday 13th of March 2017 12:12:20 AM
....Such has been the growth of the business since it was founded in 2008 that it was bought in 2015 by wine giant Majestic for £70m. The deal made Mr Gormley many millions, but instead of retiring to count his cash, he was given the top job at Majestic, and tasked with turning around its fortunes after three years of poor sales and weak profits at its UK stores and website. ...
Bang went Christmas as Domestic & General left us without a cooker image
Source : Guardian [Read Article] Sunday 12th of March 2017 07:00:17 AM
....I don’t want others to have to go through what we have had to endure. It has cost a fortune in time and phone calls – and a lot of upset and frustration – and is still not resolved. ...
What’s the best way to teach my daughter to drive? image
Source : Guardian [Read Article] Saturday 11th of March 2017 07:00:28 AM
....Our 17-year-old daughter is set to learn to drive. Should I start her off or let the instructor do it all? He says two-hour lessons are best – is he right? Should they be over a period of months or condensed? Any tips on how to do it without spending a fortune?. ...
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Co-op Bank warns of more branch closures as it reports £477m loss image
Source : Guardian [Read Article] Thursday 9th of March 2017 11:25:19 AM
. Co-operative Bank has reported its fifth consecutive year of losses and warned of more branch closures and job losses as its struggles to restore its fortunes following its tie-up with Britannia Building Society. ...
Hammond was a picture of relaxed swagger – because he was in the ring alone image
.... But there was evidence throughout the speech, in both what was said and not said. What, for example, is the factor that more than any other will determine Britain’s economic fortunes in the coming years? It’s obviously Brexit, with the triggering of article 50 imminent. ...
Violent criminals get off lighter than people late with their water bill image
.... But if she were a younger person the default notice would in effect bar her from taking out an affordable mortgage for six years. She would be thrown into the hands of sub-prime lenders who would charge her a fortune to borrow. ...
The smaller the better? image
Source : BBC [Read Article] Friday 3rd of March 2017 12:08:53 AM
....The firm was focused on desktop computers and printers, as demand for mobiles and tablets was taking off. Its fortunes started to decline with a series of expensive and much criticised acquisitions, including Compaq for $25bn in 2002, consultants EDS for $14bn in 2008 and Autonomy for $11bn in 2011. ...
Asda imposes harsher terms on suppliers after pound's Brexit slide image
Source : Guardian [Read Article] Thursday 2nd of March 2017 10:25:36 AM
....”. Asda has been under intense pressure to reverse its fortunes after food shoppers flocked to discounters Aldi and Lidl and customers looking for cheap clothes migrated to Primark. ...
Philip Green owes us BHS workers much more than ‘up to’ £363m | Grant Atterbury image
.... Business practices are constantly evolving to suit the needs of the greedy at the expense of those on the shopfloor and this has to be stopped. The fat cats amass their fortunes on the backs of people who are now viewed as little more than shop fixtures. ...
Raising pension age will mean many people die before getting it, say MPs image
Source : Guardian [Read Article] Tuesday 28th of February 2017 07:01:21 AM
....It found that gains from property, private pensions and higher benefits have pushed incomes of retirees above working families for first time. This reversal of fortunes is not true of all retirees but relates to those who have an occupational pension, own their home and may also be still be earning. ...
Middle-aged dog walkers to lead Mountain Warehouse across US image
Source : Guardian [Read Article] Monday 27th of February 2017 09:35:52 AM
....Rather than set up shop with a fanfare on New York’s Fifth Avenue, the retailer quietly debuted in a suburban Detroit mall in 2014. “We opened in the Midwest on the basis a clever location fifth avenue would cost a fortune and wouldn’t necessarily be replicable. ...
MWC 2017: Sony launches slow-mo Xperia XZ Premium phone image
Source : BBC [Read Article] Monday 27th of February 2017 07:45:47 AM
....The new phone was unveiled alongside several lower specification devices on the first day of the Mobile World Congress trade show in Barcelona. "Despite this being one of the best devices at MWC, I don't see it changing Sony's fortunes," commented Francisco Jeronimo, from the market research firm IDC. ...
'I never felt it was mine' image
Source : BBC [Read Article] Monday 27th of February 2017 12:17:45 AM
....Ebac is based in the County Durham town of Newton Aycliffe, just a few miles from where Mr Elliott was born, and he has ensured that it will remain that way - in perpetuity. Instead of his two daughters inheriting the business and his £70m fortune when he dies, in 2012 he handed ownership of the company over to a trust, the Ebac Foundation. ...
Indonesia's four richest men worth as much as poorest 100 million image
Source : Guardian [Read Article] Thursday 23rd of February 2017 02:01:50 AM
....The development charity worked out that the four richest Indonesians – led by brothers Budi and Michael Hartono – control $25bn of assets, which is roughly equal to the wealth of the poorest 40% of Indonesia’s 250 million population. The charity said the Hartonos – who own a clove cigarette company – could earn enough interest on their fortune in a year to eradicate extreme poverty in Indonesia. ...
Canada's Trump? image
Source : BBC [Read Article] Wednesday 22nd of February 2017 12:33:29 AM
.... So the policies he is pushing forward are not mine. Canada is a very inclusive country," says O'Leary, who made the bulk of his estimated $300m (£240m) fortune in 1999, by selling a software company he founded. ...
World's largest sailing yacht impounded in Gibraltar image
Source : Guardian [Read Article] Monday 20th of February 2017 05:29:18 PM
....A spokesman for Melnichenko, who controls a $13. 2bn fertiliser and coal fortune, said the shipbuilder’s decision to file court papers for the yacht to be impounded was “an astounding act for a shipbuilder of Nobiskrug’s standing”. ...
Made in the UK goods could cost more as import prices rise image
Source : Guardian [Read Article] Monday 20th of February 2017 01:17:41 PM
....The CBI, which conducted the survey, said stronger demand and higher production showed the manufacturing industry remained in rude health. But it warned the chancellor, Philip Hammond, that the government would need to step in to alleviate rising cost pressures to prevent a reversal of fortunes. ...
Kraft Heinz withdraws Unilever takeover bid image
Source : Guardian [Read Article] Sunday 19th of February 2017 05:28:53 PM
....The share price in both firms may be expected to slide back on Monday, after surging on news of the offer on Friday. Buffett’s fortune was briefly boosted by another $5. ...
The Unilever-Kraft Heinz takeover: the three key players image
Source : Guardian [Read Article] Friday 17th of February 2017 05:30:54 PM
....He has been married twice and has three children. A co-founder of private equity giant 3G Capital, Jorge Paulo Lemann is ranked the world’s 19th richest man and Brazil’s wealthiest, with a fortune estimated at $29. ...
Pensioners '£20 a week better off' on average than workers image
Source : Guardian [Read Article] Monday 13th of February 2017 12:01:00 AM
....Research published by the Resolution Foundation found that in 2001 households relying on pensioner income were £70 a week less well off than those in work. This reversal of fortunes is not true of all retirees but relates to those who have an occupational pension, own their home and may also be still be earning. ...
No place like home: America’s eviction epidemic image
Source : Guardian [Read Article] Sunday 12th of February 2017 10:00:03 AM
.... Those ties were banked, saved for emergency situations or opportunities to get ahead. People were careful not to overdraw their account because when family members with money grew exhausted by repeated requests, they sometimes withheld support for long periods of time, pegging their relatives’ misfortunes to individual failings. ...
Instead of draining the swamp, Trump has become Wall Street’s best buddy | Will Hutton image
.... Far from draining the swamp, he is opening the sluicegates; the money men are not so much being hurled out as in full occupation of the economic citadel. Goldman Sachs’ number two, Gary Cohn, is to be Trump’s chief economic adviser; his Treasury secretary, Steve Mnuchin, was 20 years at Goldman Sachs before running OneWest Bank, which made a fortune by improperly foreclosing on mortgages in ethnic minority communities after the financial crisis. ...
Men earn £12,500 less in 20s than generation before, research shows image
Source : Guardian [Read Article] Thursday 9th of February 2017 12:01:07 AM
.... Millennials today are the first to earn less than their predecessors. While that in part reflects their misfortune to come of age in the midst of a huge financial crisis, there are wider economic forces that have seen young men in particular slide back,” he will say. ...
Is Snapchat the new Facebook? image
Source : Guardian [Read Article] Friday 3rd of February 2017 07:13:50 PM
....Snapchat hopes its planned flotation in New York will value the five-year-old photo-sharing app company at up to $25bn (£20bn) and turn its 26-year-old founder, Evan Spiegel, into the world’s youngest billionaire with a $5. 5bn fortune. ...
Brad Stone: ‘We should watch Uber and Airbnb closely’ image
Source : Guardian [Read Article] Sunday 29th of January 2017 08:00:18 AM
.... They had to be politicians, as well as innovators and managers. Are the fortunes and efficiencies created by these companies worth the price paid by the disrupted?I think so – as long as they follow on their promises. ...
Don’t throw your money on home emergency and key cover insurance – Patrick Collinson image
....Aviva says it has only recently begun to sell home emergency cover, and that it expects its claims frequency to rise. It also argues that its buying power means it obtains cheaper rates from tradespeople than normal householders who would pay a fortune for an emergency call-out arranged privately. ...
British Steel to reverse salary cut for workers agreed under Tata image
Source : Guardian [Read Article] Wednesday 25th of January 2017 06:41:37 PM
....Greybull is understood to believe it can reach an underlying profit of more than £100m by its third year of ownership. British Steel’s revived fortunes have resulted in it pledging to reverse a 3% salary cut agreed with 4,400 employees to help save the steelworks. ...
Hurrah for the industrial strategy. At last Britain has a plan image
Source : Guardian [Read Article] Sunday 22nd of January 2017 06:59:23 AM
....He may well turn out to be right in some or all of his views. But timing in markets is everything, as Soros, who made a fortune by betting against the pound on Black Wednesday in 1992, knows. ...
Is the FTSE heading for the crash of 2017? image
Source : Guardian [Read Article] Saturday 21st of January 2017 07:00:28 AM
....So what am I doing about the risk of the FTSE crashing? Zilch. Like the vast majority of Brits, my fortune is almost entirely wrapped up in a company pension scheme. ...
Jaguar Land Rover fined £900,000 after worker lost leg in accident image
Source : Guardian [Read Article] Thursday 19th of January 2017 06:43:34 PM
....John Glynn, an HSE inspector, said: “A worker has been left with life-changing injuries that were completely avoidable. It was only good fortune that prevented this from being a fatal accident. ...
Brexit jitters mean less junk mail (and less money for the Royal Mail) image
Source : Guardian [Read Article] Thursday 19th of January 2017 03:20:30 PM
....Royal Mail warned in November that it had experienced a drop-off in marketing business – better known as junk mail – both before and after the EU referendum, as firms reined in spending. While it did not directly reference Brexit in its latest update, sources familiar with the postal service’s fortunes said advertising and corporate correspondence are being choked off by corporate jitters over the UK’s future EU relationship. ...
Skiing: shop around to hit the slopes but not your wallet image
Source : Guardian [Read Article] Sunday 15th of January 2017 06:59:09 AM
....”. White’s experience shows that, despite perceptions, a holiday on the slopes need not cost a family a fortune. ...
A grand investment idea from Kevin McCloud, but it’s not without its risks image
.... If you do get involved, all you are buying is a promise from that firm or organisation – not a guarantee – that it will pay a fixed level of interest each year for a set period, plus return 100% of your capital at the end of the term. The major risk is if the company or organisation issuing them goes bust, either through misfortune or fraud. ...
UK Christmas retail: the winners and losers image
Source : Guardian [Read Article] Thursday 12th of January 2017 01:23:56 PM
Xi Jinping to become the first Chinese president to attend WEF in Davos image
Source : Guardian [Read Article] Wednesday 11th of January 2017 05:05:51 PM
....Xi’s entourage will include some of the country’s most powerful businessmen including Jack Ma, founder of internet group Alibaba; Wang Jianlin, chairman of property developer Dalian Wanda; and Zhang Yaqin, president of web services firm Baidu. Ma and Wang are China’s two richest people, with fortunes estimated at $34. ...
Jeremy Corbyn calls for maximum wage law image
Source : Guardian [Read Article] Tuesday 10th of January 2017 09:22:20 AM
....Earlier, he told Good Morning Britain that his planned speech on migration was not a “sea change” in his previous thinking, but aimed at giving “clear definition that we protect the working conditions and wage levels that are here” for any migration system post-Brexit. “Some companies – particularly in the construction industry – are making a fortune out of getting rid of workers in this country on one set of pay and conditions and bringing in others to replace them,” he said, during his GMB interview. ...
Muesli queen image
Source : BBC [Read Article] Monday 9th of January 2017 12:26:12 AM
.... With no money for advertising, Carolyn's mum helped with an unusual marketing initiative - she'd stand in shops and loudly tell people how good her daughter's muesli was. Then after five years the company's fortunes were transformed when it started being stocked by Coles. ...
Chief economist of Bank of England admits errors in Brexit forecasting image
Source : Guardian [Read Article] Thursday 5th of January 2017 08:52:01 PM
.... Speaking at the Institute for Government in central London, Haldane said meteorological forecasting had improved markedly following that embarrassing mistake and that the economics profession could follow in its footsteps. The bank has come under intense criticism for predicting a dramatic slowdown in the UK’s fortunes in the event of a vote for Brexit only for the economy to bounce back strongly and remain one of the best performing in the developed world. ...
Government names new chief to lead crackdown on worker exploitation image
Source : Guardian [Read Article] Thursday 5th of January 2017 12:01:34 AM
....The issue of worker exploitation has risen up the political and news agendas over the past year, after scandals including the exposure how workers at the retailer Sports Direct were receiving less than the national minimum wage. Since then Theresa May has raised the topic of the treatment of workers in her first Conservative party speech as prime minister last year, when she said: “If you’re a boss who earns a fortune but doesn’t look after your staff … I’m putting you on warning. ...
Rex Tillerson cuts ties with Exxon Mobil via $180m retirement package image
Source : Guardian [Read Article] Wednesday 4th of January 2017 02:16:38 PM
.... Some have simply refused to do so, notably George W Bush’s vice-president, Dick Cheney, who retained stock options in government contractor Halliburton, which substantially increased its business with the US government while Cheney was in office. Tillerson, who built close ties, and a personal fortune, with officials at many foreign governments including Russia and Nigeria through Exxon’s links to their state oil companies, represents a unique set conflicts himself. ...
Rail chiefs or unions: can passengers trust either of them? | Rafael Behr image
Source : Guardian [Read Article] Wednesday 4th of January 2017 07:00:17 AM
. If solidarity among British people experiencing a common misfortune could be measured, the scientific unit would be the blitz. ...
UK bosses make more in two and a half days than workers earn all year image
Source : Guardian [Read Article] Wednesday 4th of January 2017 12:01:07 AM
....He said giving workers a seat at the table when pay is set, something May aproposed but has recently softened her approach on, would help restrain executive rewards. The rise in pay for FTSE 100 bosses such as Sir Martin Sorrell of the advertising company WPP and Bob Dudley of BP is in stark contrast to the fortunes of average workers, who have seen their living standards stagnate as a result of slow earnings growth since the financial crisis. ...
Celebrity deaths: Stars highlight the inheritance tax risk image
Source : Daily Express [Read Article] Wednesday 4th of January 2017 12:01:00 AM
.... . Pop star George Michael made careful plans to leave most of his £105million fortune to his sister, while Carrie Fisher’s $25million (£20. ...
Record sales: vinyl hits 25-year high image
Source : Guardian [Read Article] Tuesday 3rd of January 2017 12:01:39 AM
....”. The boost in vinyl sales is part of a wider shift in the fortunes of the music industry back towards turning a profit again. ...
Women’s haircuts are so expensive – what’s the answer? image
Source : Guardian [Read Article] Saturday 31st of December 2016 07:00:21 AM
.... The next nearest charges £60 and thinks I should go far more often. Should I switch to £20 Supercuts deals (are they any good?) or accept that as a woman I have to pay a small fortune?. ...
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Music streaming hailed as industry's saviour as labels enjoy profit surge image
Source : Guardian [Read Article] Thursday 29th of December 2016 02:09:43 PM
.... Recession, rampant piracy, falling CD sales and a fear that “kids just don’t buy music any more” had giant record labels, once oozing wealth, counting the pennies. Yet 2016 has seen a reversal of fortune – and the industry’s saviour is not what many predicted. ...
Chrsitmas sales UK - An essential survival guide to Boxing Day and January sales image
Source : Daily Express [Read Article] Wednesday 28th of December 2016 07:14:00 AM
....uk and Google shopping. Spending just five minutes online could save you a small fortune and a lot of running around the shops. ...
'Negligible' link between executive pay and firm's performance, says study image
Source : Guardian [Read Article] Tuesday 27th of December 2016 05:56:46 PM
....9m in 2014, a rise of 82% on 13 years ago, research commissioned by the UK arm of the CFA Institute, the global association of investment professionals, found. But the rise was not mirrored in the fortunes of their employers, with return on invested capital – the report’s preferred measure of performance – up by less than 1%. ...
Christine Lagarde damaged but able to limp on at IMF image
Source : Guardian [Read Article] Tuesday 20th of December 2016 12:00:09 AM
.... Dominique Strauss-Kahn resigned in 2011 after being put on trail in New York City for attacking a maid in his hotel room. To misquote Oscar Wilde, to lose one managing director may be regarded as a misfortune, to have lost two would have looked like carelessness. ...
We’re £15,500 out of pocket after a Lloyds blunder over house sale image
Source : Guardian [Read Article] Sunday 18th of December 2016 07:00:44 AM
....We didn’t. The removal company was charging us a small fortune for each day the vans sat loaded and idle, and on the fifth day when there was still no progress it put our stuff into storage, charging us £4,000 for the unloading and £150 a week for storage. ...
Donald Trump faces Senate backlash over ‘cabinet of billionaires’ image
Source : Guardian [Read Article] Sunday 18th of December 2016 12:04:36 AM
.... As president-elect, Trump has so far nominated a number of billionaires, three Goldman Sachs bankers and the chief executive of the world’s largest oil firm to senior positions. Responding to liberal consternation at the sheer wealth of the prospective appointees, Trump told his audience: “A newspaper [the New York Times] criticised me and said: ‘Why can’t they have people of modest means?’ Because I want people that made a fortune. ...
Will it be a happy new year for your investment funds? image
Source : Guardian [Read Article] Saturday 17th of December 2016 07:00:15 AM
....“We found that if you put the money you would have invested in a 3% high-interest bank account instead, your returns would generally be higher,” says Intertrader, which has created a Gurudex index that analyses investment banks. The firm says the findings serve as a reminder of Warren Buffett’s words of advice on the value of stock market forecasters: “We have long felt that the only value of stock forecasters is to make fortune-tellers look good. ...
The tech industry won't save us – or the planet – from Trump's excesses | Kate Aronoff image
....He’s not the only one who thinks Trump can be reasoned with. Al Gore – now making a modest fortune as a green-tech investor – was optimistic about the potential for finding “common ground” with Trump on climate following a recent meeting with him. ...
'One billion' affected by Yahoo hack image
Source : BBC [Read Article] Wednesday 14th of December 2016 10:36:16 PM
....Yahoo was once deemed to be worth $125bn during the dotcom boom. Various attempts to revive its fortunes have failed to stem its decline. ...
UniCredit shares soar on plan to raise billions image
Source : BBC [Read Article] Tuesday 13th of December 2016 07:33:10 AM
....Shares in UniCredit have jumped almost 15% after Italy's biggest bank said it would raise €13bn (£10. 9bn) and cut 14,000 jobs to restore its fortunes. ...
Christine Lagarde in court over €400m payout to French tycoon image
Source : Guardian [Read Article] Monday 12th of December 2016 02:26:44 PM
....Bernard Tapie, 73, is a businessman, former government minister, one-time actor, singer, TV host and football club owner, who spent eight months in jail for match-fixing and tax fraud. Described as France’s answer to Donald Trump, he made his fortune acquiring and reviving bankrupt companies including Adidas, which he turned around. ...
A challenge to Facebook’s reach and power is long overdue  | John Harris image
Source : Guardian [Read Article] Thursday 8th of December 2016 07:44:36 PM
.... More generally, we still await a new breed of modern radical who communicates via so-called dumbphone, emphasises face-to-face contact, and tells the world that Facebook might be less an embryonic utopia than something much less inspiring. Maybe, just maybe, it’s more of a huge machine for monetising the small details of people’s lives, and disseminating a great cloud of trivia, half-truths and falsehoods – which, whatever its creators’ intentions, serves the same systemic purpose as most media platforms owned by billionaires ever did: distracting us from reality, and keeping the mechanisms that have made fortunes for a lucky few grinding on, and on. ...
'A landscape of exhaustion and moral decay' – lessons from the 'lost decade' of the 1860s image
.... And yet, the governor of the Bank of England had a point. When Overend Gurney collapsed in 1866, it undid once and for all the sense that, give or take a few individual misfortunes, capitalism was a moral force that rewarded skill and hard work. ...

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