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UK property market ‘in line for summer Brexit relief rally’
Signs of bounceback in prices over past month, says property website RightmoveThe property market is likely to stage a Brexit “relief rally” over the summer, according to Britain’s biggest property website, as it revealed signs of bounceback in prices over the past month.Rightmove said asking prices on its website jumped by an average of 1.1% – an increase of £3,447 – in the month to April 6 but remain 0.1% below the level of a year ago. Continue reading... -
Garry Menzel joins GHO Capital as Operating Partner
Garry Menzel joins GHO Capital as Operating PartnerFormer CEO of TCR² Therapeutics with significant investment and operating experience to support deal origination and provide best in class services to pioneering healthcare companiesLondon, UK – 23 April 2024: Global Healthcare Opportunities, or GHO Capital Partners LLP (“GHO”), the European specialist investor in global healthcare, is pleased to announce the appointment of Dr. Garry Menzel as Operating Partner.Garry bring -
FTSE 100 nears record high amid rate cut hopes; Asking prices for UK homes rise – business live
via theguardian.comRolling coverage of the latest economic and financial newsFootsie turns 40: FTSE 100’s rise, rise and stagnation over four decadesThe City money markets are brought forward their forecast for the Bank of England’s first interest rate cut to August.City investors are pricing in a more rapid easing from the BoE this morning, after its deputy governor Sir Dave Ramsden predicted on Friday that UK inflation could be lower than expected over the next few years. Continue reading... -
Thousands of flights to and from Europe affected by suspected Russian jamming
via theguardian.comAbout 46,000 aircraft have logged GPS problems over Baltic Sea since August, says reportFlights in and out of Britain are among thousands that have been affected by suspected Russian jamming of GPS systems.More than 2,300 Ryanair flights have reported incidents of GPS interference since last August, according to a report, as well as almost 1,400 at Wizz Air, 82 at British Airways and four from easyJet. Continue reading... -
Royal Mail owner’s chair seeks to charm investors after Czech billionaire’s bid
via theguardian.comKeith Williams says £3.1bn offer from Daniel Křetínský’s EP Group is opportunistic and undervalues IDSBusiness live – latest updatesThe chair of Royal Mail’s owner is to conduct a charm offensive with investors in an attempt to convince them of its strategy, in the face of a potential £3.1bn hostile takeover by a Czech billionaire.Last week, it emerged that the postal firm’s parent company, International Distributions Services, had received -
Aslef drivers to hold more train strikes in early May
via theguardian.comRolling 24-hour walkouts to halt many services on c2c, Thameslink, Southeastern, LNER and moreTrain drivers will strike again in early May in a series of rolling 24-hour walkouts that will bring many services around Great Britain to a halt.The Aslef union has called a set of strikes from 7 May to 9 May across all the national rail operators contracted to the Department for Transport (DfT), falling within a six-day overtime ban that is also likely to cause severe disruption on some networks. Cont -
TikTok says it will fight US ban or forced sale after bill passes
via theguardian.comPlatform’s future in US in doubt after House approves bill ordering Bytedance to sell stakeTikTok has said it will fight any ban or forced sale of the app’s US operation in the courts, after the House of Representatives passed legislation targeting the viral video platform.The company’s future in the US was placed in further doubt over the weekend after lawmakers in Washington passed a bill that will ban the app if TikTok’s Chinese owner, ByteDance, does not sell its stak -
Thames Water could raise bills to £627 a year to help fix leaks
via theguardian.comEmbattled water supplier promises to invest up to £3bn more over the next five yearsBusiness live – latest updatesThames Water could raise bills to as much as £627 a year to pay to fix its leaky network, after promising to invest up to £3bn more over the next five years.The embattled water supplier said on Monday that it had updated its spending plans for 2025 to 2030 after discussions with the industry regulator, Ofwat. Continue reading... -
Elon Musk postpones India trip, citing ‘heavy obligations’ at Tesla
via theguardian.comCEO was due to meet Narendra Modi but carmaker is likely to report worst performance in seven yearsBusiness live – latest updatesElon Musk has postponed a trip to India, including a planned meeting with the prime minister, Narendra Modi, after citing “very heavy obligations” at Tesla.The Tesla chief executive was due to visit on 21 April and 22 April, where he was expected to announce an investment of $2-3bn in the country, according to Reuters, with the spending plans focused -
Unregulated ‘identity tracers’ harass people for debts they do not owe
via theguardian.comDebt collection agencies in the UK are using fair means or foul to link people to an address where an unpaid debt has been run up, sometimes years after they have moved outThe letter from the debt collection agency arrived out of the blue, and it was intimidating. It informed Joshua Simpson* that he owed £2,212 to Octopus Energy, and accused him of ignoring previous requests to settle the bill. If he did not stump up within 14 days, he was told, further action would be taken to recover the -
Tesco accused of undercutting local shops via its wholesale business
via theguardian.comIndependent shopkeepers say prices they pay at supermarket’s cash-and-carry arm Booker are often higher than in Tesco storesVillage shopkeepers say Tesco is consistently undercutting them by selling products for less in its stores than via its wholesale business Booker, stoking concerns about the power of the UK’s biggest supermarket chain.Tesco, which has 27% of the UK grocery market, bought the cash-and-carry group in 2017 for £3.7bn, promising that the deal would benefit sho -
Lawsuit in London to allege Grindr shared users’ HIV status with ad firms
via theguardian.comHigh court action will claim US owner allowed access to app users’ private information in breach of UK lawGrindr faces the prospect of legal action by hundreds of users who will allege that the dating app shared highly sensitive personal information, including in some cases their HIV status, with advertising companies.The law firm Austen Hays is to file a claim on Monday in London’s high court alleging that the US owner of the app breached British data protection laws. Continue readi -
How to refurnish your garden for free (or at a low, low cost)
via theguardian.comFrom renovating existing wood and plastic to scouring the local tip for anything that can be recycledGetting your garden ready for the warmer months is not only about planting. We take a look at how to furnish your outdoor space for less. Continue reading... -
Counterfeit barcode stamps furore carries echoes of Horizon scandal
via theguardian.comRoyal Mail admits its scanners ‘make mistakes’ but stands by the process it uses to detect fakes as ‘robust’I received a card through the post from a friend, along with a demand for a £5 fee, as Royal Mail claimed the barcoded stamp was counterfeit. The joke is she says she was sent this stamp by Royal Mail when she exchanged her old ones for the new barcoded kind under its Stamp Swap Out scheme.SR, Sevenoaks, KentSS of Robertsbridge, East Sussex also received a let -
Ravaged by austerity, chastened by Brexit, how can Britain have a ‘place in the world’ when it’s destitute at home? | Nesrine Malik
via theguardian.comOur shabby domestic reality is a far cry from the imperial grandeur of the Foreign Office. Politicians must recognise thisDeciding on what the UK’s place in the world should be has been like watching politicians spin a wheel. Then spinning it again when the option they landed on doesn’t work out. First, it was the imperial power projections of Brexit, the reassertion of Britain’s place in the world unshackled by the limitations of equal partnership with Europe. You don’t -
M&S and Oxfam trial postal donation bags for ‘unwearable’ clothes
via theguardian.comScheme is part of effort to reduce ‘staggering’ quantities of textiles going to landfill or incineratorInstead of throwing stained, ripped and misshapen clothing in the bin, Britons are being asked to stick the dregs of their wardrobe in the post in a trial aimed at tackling the “staggering” quantity of textiles sent to landfill or incinerated each year.A third of consumers do not know what to do with tops, dresses and trousers that can no longer be worn, figures show, wi -
High interest rates could add billions to UK green energy transition, says report
via theguardian.comResolution Foundation calls for fourfold increase in renewable power investment to reduce pressure on household billsA permanent shift to higher interest rates could add billions of pounds to the UK’s renewable energy transition, a leading thinktank has warned.Borrowing costs have soared since the easing of pandemic lockdowns and Russia’s invasion of Ukraine as the world’s leading central banks raised interest rates to tackle inflation – pushing up the costs of investment -
Most difficult global outlook since 1930s heralds end of US-led world order | Larry Elliott
via theguardian.comIMF has revised up growth forecasts but medium-term prospects remain poor as globalisation goes into reverseWorld Bank official calls for shake-up of G20 debt relief schemeThe 2020s are almost halfway over and are on course to be the most difficult decade for the global economy since the 1930s. Every finance minister and central bank governor at the spring meeting of the International Monetary Fund in Washington last week knows that, even if they were not prepared to admit it publicly.The IMF li -
End times for the UK’s final coal-fired power station
via theguardian.comAt Ratcliffe-on-Soar in Nottinghamshire, the turbines will stop spinning for good this year as the UK meets its pledge to ban coal use. We meet staff proud of the site’s 56-year historyFrom the northernmost reaches of the River Soar in Nottinghamshire, the towers of Britain’s last coal-fired power station emerge from the flat countryside like concrete monuments to another time.For more than half a century Ratcliffe-on-Soar has burned millions of tonnes of coal to generate the electri -
A heedless dash for net zero will waste cash and, later, votes | Phillip Inman
via theguardian.comKeir Starmer must learn from the Tories’ failures and ensure green projects are well planned and resourcedIn the energetic pursuit of net zero, billions of pounds could be squandered needlessly. That’s the lesson from countries as diverse as Italy, the US and UK, where the rush to subsidise green projects suggests vast sums are at risk. Worse, they could be lining the pockets of multinational businesses and City financiers.In the UK, 14 years of austerity has left the public sector s -
Even a ‘rate shock’ for British mortgage borrowers may not help the banks
The prospect ofhome loan rates staying high for longer is not the tonic for lenders’ financial results it once wasMortgage borrowers who had been holding out for more affordable rates had their hopes dashed last week, as disappointing economic data raised the likelihood of borrowing costs staying higher for longer.A drop in the annual rate of inflation to 3.2% in March fell only just short of City expectations for a drop to 3.1%, but that was enough to prompt investors to trim their bets o -
‘Every penny has a purpose’: the rise of zero-based budgeting
Growing social media interest in method of tracking spending and saving prompts banks to get in on the actEach month 20,000 people tune in to watch 27-year-old Beth Fuller work out how to spend her salary.For a year and a half she has, on payday, opened a spreadsheet and written out in granular detail what she will owe in bills, exactly what she wants to do in the weeks ahead, how much it will cost and how much she intends to save. Continue reading... -
The wheelie bag rides again as ‘nanna glamour’ takes hold
Younger women and men are discovering the former fashion faux pas is a great alternative to lugging heavy bagsYou might associate shopping trolleys with older people toiling to get home with their groceries.But now they are being embraced by shoppers of all ages thanks to a fashion makeover that chimes with the current vogue for “nanna glamour”. Continue reading... -
‘I was flabbergasted’: refunds for unused subscriptions may be easier than you think
Whether the deal auto-renewed without your knowledge or you forgot a free trial had ended, try asking for your money backHow many subscription services are you signed up to? It may be more than you think.According to recent research from Citizens Advice, the amount consumers are spending on “accidental subscriptions” has risen sharply: it estimates unused subscriptions cost us £688m in the past year. The charity found that many of those affected said the subscription “aut -
Taxpayers face footing staggering £28bn benefits bill increase within just five years
A think tank has warned 5.4 million working age Brits could be on health-related benefits by 2029, with the bill forecast to rise to £63.7billion. -
Explore's sales soar as demand grows for sustainable adventure travel
Record demand for Explore's trips see Vietnam, Sri Lanka and Vietnam doing especially as visitors seek culturally rich safer havens. -
Grim warning for WASPI campaign as MP fears his compensation bill could be delayed again
EXCLUSIVE: He warned that Government whips are 'filibustering' to stop the issue getting a hearing. -
Co-op launches new savings account with 7% interest rate and deposits up to £250
Regular savings accounts provide a particularly lucrative option for people looking to start building up a savings pot. -
DWP launches new web portal for people due to switch to Universal Credit
The DWP has launched a new online portal to help people on legacy benefits during the move to Universal Credit. -
'I tracked down £100,000 in lost savings and will be able to retire 10 years earlier'
Tara, 52, discovered she had two old pension pots which were "lost" and contained sums of £63,500 and £35,000, bringing the total to £98,500.
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