Finance news

• Supermarket bosses deny making profit despite eye-watering levels of food inflation

  27-06-2023 23:50 via express.co.uk
  
  Supermarket bosses were quizzed by the Business and Trade Committee about profits during the cost of living crisis.
  
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• Thames Water chief in sudden departure amid turnround plan

  27-06-2023 19:26 via ft.com
  Sarah Bentley’s exit comes as concerns grow over the sector’s environmental record and the lack of investment in critical infrastructure
  
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• UK rejects claim that EU science programme talks are foundering

  27-06-2023 17:45 via ft.com
  Experts warn that delay to membership of Horizon harms Britain’s aspiration to be science superpower
  
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• Thames Water chief to step down with immediate effect

  27-06-2023 16:56 via ft.com
  Sarah Bentley will be replaced on interim basis by finance chief and strategy director
  
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• Martin Lewis ‘lost for words' as couple discover mortgage is interest only after 40 years

  27-06-2023 16:13 via express.co.uk
  
  Martin Lewis, the founder of Money Saving Expert, had been answering questions from viewers including a query about mortgages.
  
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• Senior doctors in England vote for strike action over pay

  27-06-2023 15:50 via ft.com
  Consultants represented by the BMA to walk out as nurses end industrial action
  
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• Nursing union calls off strikes in England after failing to secure new mandate

  27-06-2023 15:50 via ft.com
  UK government still contending with industrial action by doctors, teachers and rail workers
  
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• Nottingham Building Society launches fixed term saver with six percent interest

  27-06-2023 15:19 via express.co.uk
  
  Savers can open an account with a deposit of just £10 and can deposit up to £250 each month.
  
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• UK supermarkets back greater transparency on fuel prices

  27-06-2023 15:15 via ft.com
  Executives support scheme to help consumers find the best petrol deals but deny profiteering on food
  
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• Hunt to discuss cost of living crisis with regulators

  27-06-2023 15:15 via ft.com
  Chancellor will ask Britain’s watchdogs whether there is evidence of price gouging by companies
  
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• HMRC issues 420,000 penalties to people on incomes too low to pay tax

  27-06-2023 14:38 via express.co.uk
  
  Those receiving a penalty would have been charged at least £100, which would have been more than half their weekly income in most cases, figures suggest.
  
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• UK set to sign deal with EU on financial services regulatory co-operation

  27-06-2023 13:51 via ft.com
  Memorandum of understanding will establish a forum for discussing common issues
  
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• Families on Universal Credit could receive a monthly boost up to £522 from this week

  27-06-2023 13:47 via express.co.uk
  
  The new amounts coming into effect this week have been described as the "biggest expansion to childcare provision".
  
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• NS&I offers new payment method to top up Premium Bonds as £1million prize draw looms

  27-06-2023 12:48 via express.co.uk
  
  Britons are reminded that the more Premium Bonds they save, "the more chances of winning" they have.
  
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• 'My mortgage has gone up £500 a month': Woman faces 'difficult position' as payments rise

  27-06-2023 11:10 via express.co.uk
  
  After coming off her two-year fixed deal, a mum of one has seen her mortgage payments increase from £1,120 to £1,600 a month.
  
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• Britons warned 'lots of reasons you won't get full state pension' - how to check

  27-06-2023 09:49 via express.co.uk
  
  The state pension is worth £203 each week, however, the DWP estimated that around 1.8 million pensioners are getting less than £100 each week.
  
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• Martin Lewis warns Britons need to take action in next few days to reduce energy bills

  27-06-2023 09:47 via express.co.uk
  
  Martin Lewis is calling for people to take action as energy bills will reduce in just a few days when the Ofgem price cap falls.
  
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• New savings account smashes rivals paying 5.85% - ‘frenetic’ rates will hit 6% in days

  27-06-2023 08:22 via express.co.uk
  
  Today's savings market is "frenetic" as new best buy accounts are launched several times a day. Savers can earn up to 5.85 percent a year now but soon they'll get even more.
  
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• Why higher rates risk reigniting intergenerational conflict

  27-06-2023 06:00 via ft.com
  A cohort of people in their mid-30s have probably been pummelled twice by monetary policy over the past decade
  
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• UK’s projected windfall tax take from North Sea levy drops 40%

  27-06-2023 06:00 via ft.com
  Most recent Treasury forecast of £26bn reflects sharp drop in oil and gas prices in recent months
  
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• The return of the in-office doctor

  27-06-2023 06:00 via ft.com
  Goldman Sachs and Morgan Stanley are among companies offering UK employees medical services on-site
  
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• Managed by Macquarie: the Australian group with a grip on global infrastructure

  27-06-2023 06:00 via ft.com
  The investment management company was a pioneer in turning public utilities into lucrative assets, but does that model make for good policy?
  
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• HSBC exit a sign of Canary Wharf’s post-pandemic woes

  27-06-2023 06:00 via ft.com
  Bank’s departure is latest blow to the east London financial district that rose in the wake of Thatcher’s ‘Big Bang’ reforms
  
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• UK shop price inflation eased in June, industry figures show

  27-06-2023 01:01 via ft.com
  Decline helped by second consecutive monthly fall in the growth of food costs as retailers discount many staples
  
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