Financial news

• National Lottery results: What were Saturday's winning numbers?

  20-02-2016 22:53 via telegraph.feedsportal.com
  
  No one scooped the top prize for Wednesday night's Lotto draw, so this Saturday's rollover jackpot stands at £6.8million
  
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• 20 million – mainly low-earners – to lose out under pension reform

  20-02-2016 22:13
  
  Experts say low-earners will bear the cost of reform that promised to be fairer and simpler – and its impact will be greater than that of tax credits, which forced U-turn Twenty million people will lose out from the introduction of a new flat-rate state pension with the burden falling most heavily on low-paid private sector workers, according to analysis by leading pension experts. Related: Women’s state pension age rise: an unfair burden or a necessary reform?Continue reading...
  
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• National Lottery results: What time is Saturday's Lotto draw and how much is the jackpot?

  20-02-2016 21:50 via telegraph.feedsportal.com
  
  No one scooped the top prize for Wednesday night's Lotto draw, so this Saturday's rollover jackpot stands at £6.8million
  
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• Sainsbury's boss under pressure from rival bid

  20-02-2016 21:00 via telegraph.feedsportal.com
  
  Rival approach from Steinhoff and the prospect of a competition inquiry pops Sainbury's Mike Coupe's Argos bubble
  
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• Sainsbury's bid for Argos hangs in balance amid threat of competition probe

  20-02-2016 21:00 via telegraph.feedsportal.com
  
  Rival approach from Steinhoff and the prospect of a competition inquiry pops Sainbury's Mike Coupe's Argos bubble
  
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• BT braced for Openreach overhaul but confident it will hold on to network unit

  20-02-2016 20:30 via telegraph.feedsportal.com
  
  Telecoms giant faces negotiation over future structure
  
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• UK's NHS faces worst financial crisis in its history - Pulse Headlines

  20-02-2016 20:15
  Pulse Headlines
  UK's NHS faces worst financial crisis in its history
  Pulse Headlines
  LONDON – Britain's National Health Service is facing its worst financial crisis ever, according to a report. Hospitals are the most affected, with 132 out of the 138 trusts in England now in red. The total deficit is more than treble last year's figure ...en meer »
  

• Used car market to be turned upside down by financing deals

  20-02-2016 20:00 via telegraph.feedsportal.com
  
  'PCP' financing which is driving new car sales set to deliver similar growth in second-hand market, predicts industry chief
  
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• Joules hires stockbrokers for £150m float

  20-02-2016 20:00 via telegraph.feedsportal.com
  
  The fashion chain is eyeing a share sale in April or May that will value it at about £150m
  
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• Exodus from EU may spark correction in the rental market

  20-02-2016 20:00 via telegraph.feedsportal.com
  
  International companies could flee from London if the UK severs ties with Europe finds survey
  
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• Europe's banks fear the CoCo market is dead

  20-02-2016 20:00 via telegraph.feedsportal.com
  
  Europe's banks fear the CoCo market is dead
  
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• RSA to plug pension hole as profits rise

  20-02-2016 19:30 via telegraph.feedsportal.com
  
  Insurer expected to unveil a settlement with its various pension trustees over funding its £7bn retirement duties
  
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• RBS and Lloyds forecast to cut hundreds of branches

  20-02-2016 19:30 via telegraph.feedsportal.com
  
  Analysts expect Britain's biggest banks to cut costs harder in coming years, with hundreds more branches expected to get the chop
  
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• BHP Billiton could cut dividend by 75pc

  20-02-2016 19:30 via telegraph.feedsportal.com
  
  Investors are braced for a cut to payouts after the firm announced a $7bn write-down of its US assets
  
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• Volvo recalls 59,000 cars over software glitch

  20-02-2016 19:01
  
  Carmaker says 7,000 cars in UK affected by fault that briefly shuts down engine but has caused no accidents to dateVolvo is recalling 59,000 cars over faulty software that can briefly shut down the engine, including more than 7,000 in the UK. The recall affects five-cylinder diesel models S60, V60, XC60, V70 and XC70 built from mid-2015.Continue reading...
  
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• INVESTORS BACK LEAVING EU: Two thirds say Brexit will help savings go FURTHER

  20-02-2016 18:28 via feedproxy.google.com
  
  AROUND two thirds of investors would vote to leave the European Union to make their money go further, it has emerged.
  
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• The gloves are finally off for epic Brexit fight

  20-02-2016 17:30 via telegraph.feedsportal.com
  
  The risk of staying in seems to be that of being repeatedly over-ruled and disadvantaged by the eurozone majority
  
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• Scotland would seek independence referendum if Britain votes to leave EU - Sturgeon

  20-02-2016 17:17
  
  LONDON (Reuters) - If Britain votes in a June referendum to leave the European Union against the wishes of Scotland then pressure would rise for a second independence referendum, the nationalist leader of Scotland said on Saturday.
  
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• Questor share tip: Centrica shares out in the cold after dividend cut

  20-02-2016 17:15 via telegraph.feedsportal.com
  
  The British Gas owner is struggling with falling household bills and a commodity crash making the shares one to avoid, says Questor
  
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• Fresh blood to help fight malaria

  20-02-2016 17:12 via telegraph.feedsportal.com
  
  MediSieve, a machine invented by George Frodsham, strips out infected cells from blood and could be used to treat malaria
  
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• How merchandise could further derail £1.3bn 'Argosbury' deal

  20-02-2016 17:00 via telegraph.feedsportal.com
  
  The City's reaction to the mooted Argos and Sainsbury's merger has been lukewarm at best
  
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• Brace yourself for Brexit however unlikely the prospect is

  20-02-2016 17:00 via telegraph.feedsportal.com
  
  After a trying start to 2016, investors could be forgiven for wondering what else this year might throw at them. it could be a full scale UK retreat from the EU
  
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• Power of technology will transform the way that we deliver and use energy

  20-02-2016 16:30 via telegraph.feedsportal.com
  
  The boom in wind and solar power means 240 generating stations feed into the grid
  
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• Mobile World Congress: Europe's telecoms giants braced for global race to bring 5G to the market

  20-02-2016 16:00 via telegraph.feedsportal.com
  
  Mobile companies will use Barcelona's technology conference to showcase advancements that are 200 times faster than current networks
  
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• Meet Tom Williams, Airbus's Mr Fixit

  20-02-2016 16:00 via telegraph.feedsportal.com
  
  Airbus chief operating officer Tom Williams has a reputation as a troubleshooter and he's got the aircraft manufacturer's supply chain in his sights
  
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• EU deal: Business groups cheer on Cameron's EU settlement

  20-02-2016 15:14 via telegraph.feedsportal.com
  
  Government sets out "positive" case for staying in the EU say lobby groups, after Prime Minister secures protection for non-euro states and the City
  
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• The jobs doctor is in: US Labor secretary makes unemployment 'house calls'

  20-02-2016 13:00
  
  Thomas Perez is meeting long-term unemployed Americans to get to the stories behind the jobs data, and the truth of the ‘real unemployment rate’Unemployment has reached its lowest level since before the Great Recession, but Charles Goldstein, 60, does not feel like celebrating. He is still unemployed. He has no job. No savings. No retirement.As wind and rain pummeled the streets of New Brunswick last Tuesday, Goldstein and nine other long-term unemployed New-Jerseyans met the US Labo
  
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• Forget the 'miracle mop', meet the British 'Joy' building a cleaning empire

  20-02-2016 11:16
  
  Like Jennifer Lawrence’s character in the film Joy, Helen Kirkham’s cleaning product business took off after a stint on shopping channel QVC Later this month actor Jennifer Lawrence will find out whether her portrayal of Joy Mangano in the Hollywood blockbuster Joy has earned her an Oscar. The film tells the rags-to-riches story of Mangano, the inventor of the self-wringing Miracle Mop, who became famous for her appearances on shopping channel QVC.Continue reading...
  
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• UPDATE 3-Six arrested in ICBC money laundering case ordered to jail

  20-02-2016 11:03
  
  MADRID/BEIJING, Feb 20 (Reuters) - Six staff at the Madrid branch of China's biggest bank Industrial and Commercial Bank of China (ICBC) who were detained this week in an investigation into alleged money laundering were ordered to jail by a Madrid court on Saturday.
  
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• Oil and gas producers ‘in distress’ as low oil price pain continues

  20-02-2016 11:00
  
  Many US producers borrowed heavily and cheaply to cash in on the shale boom, but prices of around $30 a barrel are now causing severe difficultiesLow oil and gas prices are close to triggering a wave of bankruptcies and debt defaults among US producers, investors fear. The fall in the oil price to levels that are punishingly low for producers is putting up to $88bn of borrowings potentially at risk.About 30% of the oil and gas industry’s debt is now said to be at distressed levels –
  
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• Plunging oil price brings Saudi Arabia and Iran together in alliance of enemies

  20-02-2016 10:55
  
  The rivals have severed diplomatic ties and are fighting by proxy in Yemen. But revenues from crude are now so low that they have been forced to act in concertThe Iranian endorsement of a plan by its arch regional rival, Saudi Arabia, to stabilise global oil prices could be seen as a diplomatic coup for Riyadh.However, Tehran’s support for a production freeze has not been driven by a new desire for political rapprochement as much as acceptance of a greater enemy: collapsed commodity prices
  
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• Cameron says to announce EU vote date after cabinet meeting

  20-02-2016 09:51
  
  LONDON (Reuters) - Prime Minister David Cameron said on Saturday he will announce the date of the referendum on Britain's membership in the European Union after a cabinet meeting due at 1000 GMT.
  
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• City watchdogs investigate financial age discrimination - Yahoo Finance UK

  20-02-2016 09:24
  City watchdogs investigate financial age discrimination
  Yahoo Finance UK
  Elderly people could for the first time be given extra protections to stop them being ripped off or discriminated against when they buy mortgages, insurance, and savings products, as watchdogs launch an investigation into financial ageism. The ...en meer »
  

• 'Nothing but bills from BT'

  20-02-2016 09:15 via telegraph.feedsportal.com
  
  A customer of the telecoms giant is exasperated at being billed for services that she thought had been cancelled
  
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• 'No payout from Nationwide for cancelled flights'

  20-02-2016 09:15 via telegraph.feedsportal.com
  
  A reader seeks to recoup his money when an airline goes into liquidation
  
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• British Gas bill is cut from £5,000 to £627

  20-02-2016 09:15 via telegraph.feedsportal.com
  
  A reader is shocked when her energy bill is five times higher than normal
  
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• 'Axa refused our £800 travel claim'

  20-02-2016 09:15 via telegraph.feedsportal.com
  
  Couple surprised to hear that insurer will not reimburse them for a trip cancelled due to ill health
  
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• Cameron hails EU deal to give Britain 'special status', battle looms

  20-02-2016 09:07
  
  BRUSSELS (Reuters) - David Cameron hailed a landmark deal on Friday he said gave Britain "special status" in the European Union and pledged to campaign heart and soul to stay in the EU at a deeply uncertain referendum expected in June.
  
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• The battle for Wentworth golf club: ‘I hear they’re going to have a riot about it – a posh people’s riot’

  20-02-2016 09:00
  
  It’s already a pretty exclusive place, but if the new Chinese owners of Wentworth golf club get their way, only the elite of the elite will be able to afford to join. Now local residents are ready for a battle of the haves and the have-a-lots Related: Wentworth golf club members revolt against China-based owner The grass-cutters and leaf-blowers begin their hum at 5am, manicuring the three full courses and one nine-holer of the Wentworth Club. Until recently, those who lived in the multimi
  
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• EU deal: How David Cameron took on the eurozone and won

  20-02-2016 09:00 via telegraph.feedsportal.com
  
  Government's battle with France over protecting the City emerges as one Prime Minister's biggest triumphs in seven month renegotiation slog
  
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• UPDATE 1-Japan fund makes late move to thwart Hon Hai in Sharp battle -sources

  20-02-2016 08:33
  
  TOKYO, Feb 17 (Reuters) - A Japanese state fund is making a final effort to secure a takeover of Sharp Corp as the ailing electronics maker considers a higher $5.8 billion offer from Taiwan's Foxconn, criticising the composition of the company's board, sources said.
  
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• Savers pay hundreds for bank account mis-selling claims rejected by ombudsman

  20-02-2016 08:30 via telegraph.feedsportal.com
  
  Financial Ombudsman Service says claims made through third-party companies much less likely to be upheld
  
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• 'Barclays shut my accounts and told me to go - no explanation'

  20-02-2016 08:27 via telegraph.feedsportal.com
  
  Young business owner Daniel Bentley has been struggling with Barclays for months, in another case of unexplained account closure
  
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• Plunging markets wreak havoc for savers using pension freedoms

  20-02-2016 08:21 via telegraph.feedsportal.com
  
  Savers who used the new freedoms to make annuity-style withdrawals will have suffered big losses thanks to market falls
  
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• New 1.14pc deal as mortgage rates fall again

  20-02-2016 08:21 via telegraph.feedsportal.com
  
  The two-year deal from Yorkshire Building Society edges mortgage rates closer again to their all-time lows
  
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• Exit fees scandal: 'Insurer tried to take 38pc of my pension without telling me'

  20-02-2016 08:21 via telegraph.feedsportal.com
  
  In a shocking case of administrative meltdown, one Telegraph reader's pension value was plucked out of thin air
  
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• City watchdogs investigate financial age discrimination

  20-02-2016 08:21 via telegraph.feedsportal.com
  
  The FCA may for the first time create special rules to protect the interests of the elderly
  
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• John Lewis aftercare has left me with a houseful of dirty laundry

  20-02-2016 08:02
  
  When a washer-dryer went wrong who should have turned up, the retailer or manufacturer?For the past 15 years John Lewis has been my first port of call when buying domestic appliances. But as I am now experiencing considerable inconvenience after buying an Indesit washer-dryer, this will not be the case in future. We paid for the machine before Christmas but had to wait until mid-January for it to be delivered. The following day, the door would not close properly, so the machine doesn’t wor
  
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• We are buying a flat in an old property, and would like to be able to rely on the homebuyer’s report

  20-02-2016 08:01
  
  We are buying a flat in an old property, and would like to be able to rely on the homebuyer’s reportEvery 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: Continue reading...
  
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• Save £337 a year on energy bills – at the flick of a switch

  20-02-2016 08:01
  
  Gains to be made by going over to a new supplier are at their highest since 2009. But not everyone is getting the switching messageThe possible savings for an average household that switches to a new energy supplier has soared to £337 a year – the most in seven years – according to data published this week.In the past few weeks the big energy companies have pushed through a series of miserly price cuts – typically just 5% off gas bills for standard customers – while
  
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