Financial news

• Old Mutual will assess all options amid rumours of a £9 billion break-up

  07-03-2016 20:39 via feedproxy.google.com
  
  OLD Mutual has said it is considering “all options” in a strategic review of the business amid talk of a £9billion break-up of the Anglo-South African financial services giant.
  
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• I’m fed up of being asked for feedback – when did companies get so needy? | Anne Karpf

  07-03-2016 19:05
  
  Out shopping, online or at the theatre, everyone wants a free evaluation. Sorry but life’s too shortThe other day I ordered some bin liners online. Almost instantly I got an email asking me to rate my “shopping experience”. But I hadn’t had a shopping experience – I’d only bought some bin liners.Within a couple of days I received similar requests: after a concert and a play, immediately after renewing my passport, the second I exited a cab, and a couple o
  
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• John Lewis apologises to mother told to leave over toddler's tantrum

  07-03-2016 18:00
  
  Lindsay Robinson says she was escorted out of Trafford Centre store when 16-month-old daughter had crying fit The department store John Lewis has apologised to a mother who was asked to leave its department store in Greater Manchester because her toddler was having a tantrum.Lindsay Robinson was shopping at the Trafford Centre branch in Dumplington when her 16-month-old daughter, Heidi, had a crying fit. Continue reading...
  
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• Fears of financial APOCALYPSE amid warning over 'gathering storm' in global markets

  07-03-2016 17:29 via feedproxy.google.com
  
  MARKET calm has given way to all-out turmoil since the start of the year amid a long brewing financial storm, the Bank for International Settlements has warned .
  
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• Why firming up cyber defences is good business

  07-03-2016 17:00 via feedproxy.google.com
  
  HACKERS? What hackers? Small and mid-size firms seem to be taking a relaxed approach to cyber attacks.
  
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• 'My plumber is only 50 and his knees are gone': how long could you work for?

  07-03-2016 16:15
  
  People in their twenties have been warned that they may have to work till they are 75 to receive their state pension. Could you still do your job at that age?
  With the news that the state pension age could rise to 75 we wondered whether you would still be able to do your current job at that age.Most of you who work mainly physically strenuous jobs said there’s no way you’d make it to 75. Continue reading...
  
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• Is the chancellor right to not change pensions tax relief?

  07-03-2016 16:11
  
  Former pensions minister Steve Webb and industry expert David Harrison debate the chancellor’s decision to axe reforms to pensions tax reliefAfter weeks of speculation that the chancellor was planning big changes to the tax relief on pensions in the forthcoming budget, on Friday the Treasury ruled out any immediate reforms.Currently, when savers pay into a scheme their contributions are boosted by tax relief at the rate they pay on their earnings, which can be as much as 45%. Figures from
  
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• Are rent worries keeping you up at night? Share your story | Sarah Marsh

  07-03-2016 14:02
  
  More than a million Britons have seen a doctor due to stress over rent and mortgage payments. We want to hear from you about your concernsAre rent or mortgage worries keeping you awake at night? If the answer is yes, you’re not alone. According to new research commissioned by the homeless charity Shelter, more than a million Britons have headed to their doctor due to the stress of keeping a roof over their heads (the figure is based on the results of a national survey of 3,500 people). The
  
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• How Generation Y is paying the price for baby boomer pensions

  07-03-2016 13:51
  
  Analysis: Pensions that were promised in the past and seemed ordinary at the time are hurting the millennials“Life is better now than at almost any time in history,” wrote the 2015 Nobel prize-winning economist, Angus Deaton, in the opening line of his most recent book. But just try telling that to anyone between the age of 21 and 35 in the western world. Related: Generation Y: a guide to a much-maligned demographicContinue reading...
  
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• Glut of new-build properties leads to falling premiums in central London

  07-03-2016 13:49
  
  Property investment firm LCP warns of bubble in new-build market, with the risk of oversupply suppressing yields and pricesPrices for luxury flats in some parts of London are likely to fall as an oversupply of properties erodes the premium being paid for new-builds, an investment firm said on Monday.The latest warning of a bubble at the top of the property market has been sounded by LCP, which advises investors on the residential market and runs property funds. It said new-build properties had b
  
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• Old Mutual shares surge on break-up and bid talk

  07-03-2016 13:02
  
  (Reuters) - Anglo-South African financial services company Old Mutual said on Monday it was considering all options in a strategic review, with speculation of a break-up and takeover bids for its assets sending its shares soaring.
  
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• Npower to axe 2,500 jobs in further blow for George Osborne's Northern Powerhouse

  07-03-2016 12:53 via feedproxy.google.com
  
  ENERGY giant Npower is to axe up to 2,500 jobs in another "devastating blow" to workers in the North of England.
  
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• It's not just you: millennials share their secret fears

  07-03-2016 12:01
  
  Hundreds have told us about the problems of Generation Y. Read some of their worries here – and sign up to our Whatsapp group devoted to the subjectTo many people, 23-year-old Lucy is doing everything right. She has a degree from a top university and is doing her second internship in London – something that would be impossible for many cash-strapped new graduates – in the hope of landing her dream career. But she has a pittance in her bank account and is plagued by worry and gu
  
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• Revealed: the 30-year economic betrayal dragging down Generation Y’s income

  07-03-2016 12:00
  
  Exclusive new data shows how debt, unemployment and property prices have combined to stop millennials taking their share of western wealthWho’s winning? Find out how your income compares with every other generationThe full scale of the financial rout facing millennials is revealed today in exclusive new data that points to a perfect storm of factors besetting an entire generation of young adults around the world.A combination of debt, joblessness, globalisation, demographics and rising hou
  
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• Moonpig's Mother's Day DISASTER: Customers reveal ripped flowers and smashed vases

  07-03-2016 11:56 via feedproxy.google.com
  
  ONLINE card firm Moonpig has been bombarded with customer complaints after botching deliveries of Mother's Day gifts and cards.
  
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• Card firm apologises for making a Moonpig's ear of Mother's Day deliveries

  07-03-2016 11:09
  
  Online firm slammed on social media for late deliveries and damaged and missing goodsMoonpig has apologised to dozens of customers who complained about deliveries of Mother’s Day cards and flowers. The online greeting card and gift firm was bombarded with complaints about items that were damaged, late or failed to arrive. Among the complaints posted on social media were photos of flowers with wilted leaves and snapped stems, and a smashed vase. One customer claimed their mother took delive
  
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• Battle between rival chairmen of Libya's $67 billion fund reaches UK court

  07-03-2016 10:13
  
  LONDON (Reuters) - A long-running dispute over the leadership of Libya's $67 billion sovereign wealth fund reaches London's High Court on Monday, potentially paving the way for litigation against two global investment banks to move forward.
  
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• Gender pay gap: women earn £300,000 less than men over working life

  07-03-2016 08:50
  
  Analysis finds gap of £5,732 or 24% in average annual salaries in UK, prompting calls for more to be done to tackle problem Women are likely to earn £300,000 less than men over their working lives, according to a new analysis that has sparked fresh calls for more shared parental leave to close the UK’s stubborn gender pay gap.Before International Women’s Day on Tuesday, figures show a gap of £5,732, or 24%, in average full-time annual salaries between women and men
  
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• The sweeping pension shake-up that could leave you with nothing at all

  07-03-2016 08:01
  
  A new system to be introduced next month is supposed to be simpler and fairer. But many are in for a nasty retirement surpriseA major overhaul of the state pension system that comes into effect on 6 April will mean thousands of people who do not have enough national insurance contributions to their name will get nothing. The government has pledged that the new deal for pensioners will be fairer and simpler – yet many are in for a very unpleasant shock.Among those set to lose out are 50,000
  
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• So, Sainsbury’s, which charity will bag the money from all those 5ps?

  07-03-2016 08:00
  
  When the charge for carrier bags was introduced I understood the proceeds would go to good causes. But they didn’t know which oneAfter the introduction of the 5p charge for plastic carrier bags in October in England, I asked my local Sainsbury’s in Hertford how it would allocate the money raised. Staff told me that 4p out of every 5p was going to charity, but they did not know any more details and were unable to say which charity. Eventually, the manager suggested that 4p would be go
  
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• At 60, I want to cut down on work and enjoy life – but I can't afford to

  07-03-2016 08:00
  
  I have health problems that could get worse, so I want to begin a phased exit from practising as a solicitor soon Twice a week we publish problems that will feature in a forthcoming Dear Jeremy advice column in the Saturday Guardian so that readers can offer their own advice and suggestions. We then print the best of your comments alongside Jeremy’s own insights. Here is the latest dilemma – what are your thoughts?I am a solicitor in a very specialised field and have been for 25 year
  
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• The Crusader: Cold caller victim gets full refund

  07-03-2016 01:01 via feedproxy.google.com
  
  THE loss of £400 devastated Patricia Humphreys after a mystery company accessed her bank account. But last week the 85-year-old was £500 better off and cock-ahoop following an astonishing upturn in her fortunes.
  
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• Brighter outlook ahead for manufacturing firms

  07-03-2016 01:01 via feedproxy.google.com
  
  MANUFACTURING companies are showing signs of recovery, with orders stabilising and predictions of growth in the next few months, according to a new report.
  
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