Financial news

• Wonga data breach could affect nearly 250,000 UK customers

  09-04-2017 18:40 via theguardian.com
  
  Personal details from hundreds of thousands of accounts may have been illegally accessed, admits payday lender More than a quarter of a million customers of payday loan firm Wonga are being warned that their personal data may have been stolen in a data breach at the firm. The online lender said it was “urgently investigating illegal and unauthorised access” to the personal data of some of its customers in the UK and Poland. It is understood that the breach could affect up to 270,000
  
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• Tesco to report a return to financial health

  09-04-2017 18:14 via theguardian.com
  
  After £6.4bn loss two years ago the supermarket chain is set to announce bigger than expected jump in profitsTesco will this week reassure investors that its crisis years are behind it by reporting a bigger than expected jump in annual profits.
  The chief executive, Dave Lewis, has alarmed some of the supermarket’s biggest shareholders by mounting a surprise £3.7bn takeover of Booker. But on Wednesday he will be able to provide some reassurance about the company’s financia
  
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• 'Punk' beer maker BrewDog sells 22% of firm to private equity house

  09-04-2017 17:02 via theguardian.com
  
  Ten-year-old company valued at £1bn after £213m injection from TSG Consumer PartnersEarly investors in “punk” beer firm BrewDog will be able to bank a hefty profit this week. An injection of cash from a private equity house valued the company at £1bn, 10 years after it began life in its co-founder’s mother’s garage.San Francisco-based TSG Consumer Partners agreed to buy 22% of BrewDog, whose idiosyncratic beers and international network of bars have won
  
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• Zero house price inflation is to be welcomed not feared | Larry Elliott

  09-04-2017 13:10
  
  Stalling property prices are a chance to rebalance the UK economy towards manufacturing and exportsReady to go house hunting? Tradition has it that no sooner have the hot cross buns been buttered on Good Friday than potential buyers start the search for a new home. Estate agents look forward to Easter the way retailers relish Christmas, but perhaps with less exuberance this year than is customary.As things stand, 2017 looks set to be the weakest year for housing transactions since 2013. The late
  
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• Virgin couldn’t find Anytime at all for us to book a balloon flight

  09-04-2017 08:00
  
  I was given the vouchers in 2014 but after four cancellations its been virtually impossible to bookAs a 60th birthday present I was given vouchers for a Virgin balloon flight, ironically called 7 Day Anytime, for myself and two adult sons. That was in 2014. They both work full time in different cities and I also work, making booking a flight at weekends the only viable option. This is virtually impossible as the flight times and dates are only released a month in advance and seem to be fully boo
  
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• Brexit hasn’t happened yet – and it is changing all the time

  09-04-2017 08:00 via theguardian.com
  
  The rationalisations and concessions are starting to emerge as the reality of leaving dawns. This is not the moment for Remainers to despairThere is nothing one can do to avoid natural disasters, or “acts of God” as they used to be called. But the prospect of Brexit is a man-made disaster. I say prospect because it hasn’t happened yet and could still be avoided, despite the fact there seem to be a lot of people around who think it has already happened.The “best face&rdquo
  
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• America owes China $1tn. That’s a problem for Beijing, and Trump knows it

  09-04-2017 08:00 via theguardian.com
  
  The leaders shared steak in Florida, but the stakes in trade talks are much higher for China, which would struggle to find a better export marketForget the warm handshake. Take with a pinch of salt Donald Trump’s talk of his “very, very, great relationship” with Xi Jinping. The idea that Washington has ceased to harbour deep suspicions of Beijing just because the presidents of the world’s two biggest economies shared pleasantries over steak in Florida is fanciful.Xi will
  
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• Which charity website should you use?

  09-04-2017 07:59
  
  It’s simple to send money to the charity of your choice using the internet, but how much of your gift is eaten up in fees?The spotlight is on charity websites after it emerged that the site raising funds for the family of Keith Palmer, the police office killed in the Westminster attack, had pocketed a large slice of the donations.Donors were shocked to discover that JustGiving.com earned tens of thousands of pounds from public contributions in the wake of the attack. But the practice is no
  
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