Financial news

• Primark recalls men's flip-flops after carcinogenic chemical discovery

  17-07-2017 22:42 via theguardian.com
  High street chain is offering full refund on khaki, black and blue colours from its men’s Cedar Wood State rangePrimark has recalled thousands of pairs of flip-flops after discovering they contain a chemical that can cause cancer.The high street chain is recalling three colours – black, blue and khaki – from its men’s Cedar Wood State flip-flop range and offering customers a full refund. Continue reading...
  
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• UK students should not try to pay off loans early, research suggests

  17-07-2017 16:40 via theguardian.com
  
  Many graduates panic at rising interest rate but overpaying is ‘just throwing money away’, says money expert Martin LewisStudents should not try to pay off their loans early despite the controversial interest rate rise to 6.1% in September, according to research by money expert Martin Lewis.Lewis says his moneysavingexpert.com website has been “swamped” by graduates terrified by new statements that show their debt spiralling in size after interest is added. He believes mo
  
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• UK workers face dire financial straits if ill health strikes - FTAdviser ... - FT Adviser

  17-07-2017 12:15
  
  FT Adviser
  UK workers face dire financial straits if ill health strikes - FTAdviser ...
  FT Adviser
  UK employees are at risk of a severe financial shock in the event of ill health with many being unable to pay their household bills for more than six to eight ...en meer »
  
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• UK workers face dire financial straits if ill health strikes - FT Adviser

  17-07-2017 12:15
  
  FT Adviser
  UK workers face dire financial straits if ill health strikes
  FT Adviser
  UK employees are at risk of a severe financial shock in the event of ill-health, with many being unable to pay their household bills for more than six to eight weeks. A report from health insurance provider BHSF, titled 'A high wire with no safety net ...en meer »
  
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• Depth of field: London project to dig vast underground cavern and cover with park

  17-07-2017 08:15 via theguardian.com
  
  A scruffy patch of former farm land in Hounslow is set to get the ‘mega-basement to end all mega-basements’ as £50m-worth of gravel is excavated to create the UK’s biggest subterranean space, with a new public park on topWhile the billionaires of Kensington dig ever deeper to excavate multi-storey pleasure bunkers of private cinemas, swimming pools and car museums beneath their homes, there are plans afoot in an unlikely part of west London for the mega-basement to end al
  
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• Investors received record-breaking dividends in 2017, research shows

  17-07-2017 08:01 via theguardian.com
  
  Shareholders in companies on London’s main market received £33.3bn during second quarter, up 14.5% year on yearInvestors are enjoying a stellar 2017, with rising share prices being supplemented by record-breaking dividend payments, new research shows.Shareholders in companies listed on London’s main market received £33.3bn in payments during the second quarter of this year, up 14.5% year on year, according to the latest analysis by Capita, a services company. Continue rea
  
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• What can I do to spark EDF Energy into giving me my cash back?

  17-07-2017 08:00 via theguardian.com
  
  The meter readings show I am owed £1,306 but I’ve been refunded just a quarter of thatI have been paying a monthly direct debit to EDF Energy for 14 years for gas and electricity at my flat in Brighton.In March 2016 I relocated but continued to pay my monthly direct debit of £97, awaiting sale of the flat. Unfortunately the sale has not progressed as I had hoped and with the house empty I stopped the direct debit. According to meter readings I am due £1,306 refund.Continu
  
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• The man who won a landmark legal battle for same-sex pension rights

  17-07-2017 08:00 via theguardian.com
  
  John Walker fought for 11 years to make sure his husband will be provided for in the same way that a wife would beJohn Walker was on a river cruise through Bangkok with his husband when he heard the supreme court was finally about to end his 11-year legal battle.After a tortuously slow campaign to secure another landmark moment in the march towards equality, he had just 10 days to race back to London and prepare for the outcome to which he has dedicated his retirement.Continue reading...
  
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• 'If I worked for somebody else, I'd never put myself through this'

  17-07-2017 08:00 via theguardian.com
  With the news that prominent Silicon Valley investors have stepped down after sexual harassment claims, female founders reveal the sexism they face in the UK “We closed a round last year and it was quite an experience,” startup founder Sarah Jones* (not her real name) says. Jones has asked not to reveal her identity because she doesn’t want to jeopardise any future deals. “I find that quite frustrating in itself. If you look difficult, the angel [investor] network is quit
  
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• HSBC triggers investigation into palm oil company over deforestation allegations

  17-07-2017 08:00 via theguardian.com
  NGOs praise the bank’s move as they step up pressure on investors to stand by environmental and social commitments on palm oilHSBC has triggered an investigation into Noble Plantations following allegations the company was preparing to clear thousands of hectares of rainforest in Papua for oil palm cultivation.In a decision hailed as a first by a major bank, HSBC has asked the Roundtable on Sustainable Palm Oil (RSPO), a sustainability body for the palm oil industry, to investigate the cla
  
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• How credit score agencies have the power to make or break lives

  17-07-2017 08:00 via theguardian.com
  
  Defaults on a file often mean lenders will say no – to anything from a mortgage to a mobile phone contract. So what can you do?Omar Nasser came close to losing his home when his interest-only mortgage expired earlier this year and his application for a new loan was turned down because he failed a credit check. When he investigated, he discovered that his bank, Lloyds, had registered a defaulted payment on his credit record and, as a result, his credit score – which lenders use to ass
  
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• Will Mark Carney show sense and sensibility at launch of Jane Austen £10 note?

  17-07-2017 00:18 via theguardian.com
  
  Bank of England governor to take questions on author at launch event. There’s a lot of tenners in his generous pay package …Although he is a keen sportsman, Bank of England governor Mark Carney may be wise to take some time this weekend to brush up on the classics in advance of the unveiling of the new £10 note in Winchester cathedral on Tuesday.Jane Austen will be the face of the new polymer banknote, and we are told that the governor and other speakers will take questions on
  
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