Financial news

• Wealth gap rises as home ownership falls, says study

  17-06-2017 21:06 via theguardian.com
  
  Resolution Foundation finds that half the nation’s wealth belongs to a tenth of adults as property ownership declinesA fall in home ownership is fuelling the return of rising wealth inequality across Britain, it has emerged.Booming house prices in the run-up to the financial crisis had led to a decade-long fall in the uneven distribution of the country’s wealth. However, comprehensive new analysis of the UK’s wealth divisions has now found that the trend has gone into reverse.
  
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• Record levels of green energy in UK create strange new world for generators

  17-06-2017 17:43
  
  As renewables play a greater role in the British market, they are making the price of power increasingly unstableAs the sun shone on millions of solar panels and unseasonable gusts turned thousands of turbine blades last Sunday, something remarkable happened to Britain’s power grid.For a brief period, a record 70% of the electricity for the UK’s homes and businesses was low-carbon, as nuclear, solar and wind crowded out coal and even gas power stations. That afternoon was a glimpse i
  
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• Philip Hammond under pressure to spend to lure voters back to Tories

  17-06-2017 17:00
  
  Some Conservatives blame austerity for handing seats to Labour in the general election but the chancellor is reluctant to borrow to match popular policiesPhilip Hammond is resisting Theresa May’s demands for an end to austerity amid Treasury concerns that loosening the purse strings will lead to a black hole in the government’s finances.The chancellor has used discussions with the prime minister since the election to press the case for a cautious approach to the public finances, desp
  
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• Sainsbury's poised to buy Nisa in response to Tesco swoop on Booker

  17-06-2017 14:35
  
  Supermarket said to be close to £130m deal for shopkeepers’ chain in what some see as tectonic shift in convenience retailingSainsbury’s is closing in on a £130m deal to acquire the convenience chain Nisa as the industry rushes to consolidate following Tesco’s £3.7bn swoop on rival Booker.The board of Nisa, which is owned by its shopkeeper members, recently hired bankers to advise on its strategic options in light of the proposed Tesco-Booker alliance, which s
  
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• 'People can change': ex-prisoner smashes stereotypes, one workout at a time

  17-06-2017 12:00
  
  Coss Marte served time for drug offences. Now he’s opened a prison-based fitness studio on Fifth Avenue, where sessions are taught by ex-inmates themselvesFor ex-convicts, getting back on your feet is hard. Former drug kingpin and inmate Coss Marte is on a mission to change that, with his prison-style fitness studio that opened its doors at Saks Fifth Avenue in May. In The Wellery, Saks’ 16,600 sq ft health mecca teeming with high-end designer clothes, salt rooms and meditation class
  
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• Achieve financial independence with stocks by following this one ... - AOL UK

  17-06-2017 10:58
  
  AOL UK
  Achieve financial independence with stocks by following this one ...
  AOL UK
  Unless you suddenly win the lottery, achieving financial independence is not an easy task. It takes time to save and build a suitable nest egg, as well as building ...en meer »
  
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• REVEALED: 5 simple tricks to increase your pension and BEAT threatened cuts after election

  17-06-2017 10:01 via feedproxy.google.com
  
  SAVERS' UK state pension looks set to be cut after the 2017 election, but some simple steps can be taken to boost retirement income.
  
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• Revealed: the Romanian site where Louis Vuitton makes its Italian shoes

  17-06-2017 10:00
  
  All but the soles of the luxury brand’s footwear are made in Transylvania before being ‘finished’ in Italy and FranceLouis Vuitton’s Italian shoes are the very height of luxury. Its Venice workshop claims to embody “ancestral savoir-faire” in a region “revered for its fine shoe craftsmanship”.It is an image burnished by one of the biggest advertising budgets in the world. The Louis Vuitton Moet Hennessy (LVMH) luxury group spent $4.4bn (£3.45
  
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• What’s the best pet for a six-year-old?

  17-06-2017 08:00 via theguardian.com
  
  We’re after an easy but fun furry friendEvery 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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• Should you join the charge and buy an electric car?

  17-06-2017 08:00
  
  Green motoring is becoming financially attractive thanks to a drop in leasing prices and lower running costsIs now the time to buy an electric car? Falls in financing costs mean that switching to a zero carbon-emitting vehicle won’t just help the environment, it can be cheaper than buying and running a conventional car.When Guardian Money last looked at electric cars, the price premium for most models meant they made most financial sense to central London drivers keen to avoid the £1
  
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• Get more sounds for your pound at UK music festivals this summer

  17-06-2017 08:00
  
  Glastonbury might have sold out, but other festivals around the country are offering discounted tickets – and many towns and cities throw free eventsAre you paying more, less or the same for your music festival fix this year? Some fans are being hit with well-above-inflation increases, but others are benefiting from frozen prices and two-for-one deals – indicating that some of this year’s events might be struggling to sell out. Meanwhile, if you are keen to get to a festival bu
  
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• BT blocked access to an email account I’ve had for more than 20 years

  17-06-2017 08:00
  
  I can’t access my email or contacts and worry that people sending me emails might think I am ignoring themHaving run my email account for more than 20 years, BT decided three months ago to block access to it.I can’t access my old emails and contacts list, but worst of all the account still accepts new mail. This means my contacts will assume I am ignoring their messages. I have written to BT twice and got nowhere. When I repeatedly phoned to ask how soon I could close the account I w
  
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• British workers are missing out on ‘buy one, get one free’ pension offer

  17-06-2017 08:00
  
  Millions fail to take up an average of £650 a year through schemes that large employers offer
  We are all quick to take advantage of special offers at the supermarket, but millions of workers are missing out on what is effectively “buy one, get one free” money from their employer.A leading insurer has calculated that around 3.2 million people who work for larger employers are failing to take up an average of around £650 a year each. Continue reading...
  
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• You’re unsuited to your company, not your job’ – our work expert responds

  17-06-2017 07:59 via theguardian.com
  
  Our careers expert – and you the readers – help someone who feels trapped in their career and a Thai man who is struggling to break into accountancyI’m 41 and feel completely unsuited to my job, temperamentally. I believe I am good at what I do – in that I get results – but my employer prefers those in my role to be less assertive and refrain from input in group situations, and constantly checks that work conforms with colleagues’ and managers’ wishes. C
  
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• Buying my own place was an impossible dream – here’s how it came true

  17-06-2017 07:59
  
  Shared ownership? Buying with a friend? Long commute? For Generation Rent, the options aren’t easy, but it can be doneIf someone had told me at the start of last year that I’d be living in – scratch that – owning a two-bedroom loft apartment with a suntrap of a terrace, I’d have rolled my cynical eyes. As a Generation Rent 34-year-old millennial living in London and working as a freelance journalist on a modest income, buying my own place always felt like an impossi
  
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• Trump financial disclosures show Mar-a-Lago business boom - Belfast Telegraph

  17-06-2017 04:31
  
  Belfast Telegraph
  Trump financial disclosures show Mar-a-Lago business boom
  Belfast Telegraph
  Donald Trump's Washington hotel saw nearly 20 million dollars (£15.7m) in revenue during its first few months of operation, which coincided with his election and inauguration as US president, it has emerged. And Mr Trump's Mar-a-Lago resort in Florida, ...en meer »
  
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• UK Finance Minister Philip Hammond seeks pragmatic Brexit - Financial Express

  17-06-2017 02:42
  
  Financial Express
  UK Finance Minister Philip Hammond seeks pragmatic Brexit
  Financial Express
  The debate within Britain's government about how to quit the European Union has been blown wide open by an election that left May without a majority in parliament and damaged her authority in the ruling Conservative Party. By: Reuters | Luxembourg ...en meer »
  
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• Homes with annexes – in pictures

  17-06-2017 00:45 via theguardian.com
  
  There’s plenty of space for the relatives in these properties, from Lincolnshire to Scotland, as they all have self-contained granny flatsContinue reading...
  
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• 'They should get $500 maximum': meet the property sellers dumping agents

  17-06-2017 00:05 via theguardian.com
  
  With commission taking a big chunk of profit, people like Alam are selling on Gumtree without a middleman. But is that a good idea and will you get the best price?Alam likes to call real estate agents and argue. The Campbelltown-based builder believes in doing things directly: he builds homes, sells them himself and is always wary of middlemen. He even holds his own real estate agent’s licence, which makes him feel like he knows the enemy.Continue reading...
  
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