Financial news

• Tougher laws to protect 10 million Britons who book holidays online

  14-08-2017 20:25 via theguardian.com
  New EU-driven rules aim to give equal rights to customers who booked online and those who bought at a travel agentTravellers booking package holidays online are to receive greater protection if a holiday company goes bust, under government proposals to strengthen rules.The government said enhanced regulations, due to take effect in July 2018, would better protect an extra 10m UK package holidays booked over the internet. Continue reading...
  
  Read more

• Sainsbury’s is right to delay Nisa deal after Tesco-Booker concerns | Nils Pratley

  14-08-2017 20:07
  Supermarket’s takeover of wholesaler makes commercial sense – but it should avoid the regulatory tangle its rival is facingSainsbury’s move on Nisa seemed a good idea, and a neat response to Tesco’s much bigger plan to buy cash-and-carry merchant Booker.Convenience stores are the industry’s current obsession since they work well in the age of online and top-up shopping. Combining the two groups’ buying power carries a simple logic. Even when McColl’s, th
  
  Read more

• World's biggest banks face £264bn bill for poor conduct

  14-08-2017 20:03
  Costs for 20 financial institutions for the five years to 2016 are higher than in the previous period, with RBS and Lloyds in top five Fines, legal bills and the cost of compensating mistreated customers reached £264bn for 20 of the world’s biggest banks over the five years to 2016, according to new research that raises doubts about efforts by the major financial services players to restore trust in the sector. This figure is higher than in the previous five-year period – when
  
  Read more

• Sainsbury's Nisa takeover talks paused after competition concerns

  14-08-2017 19:02
  Co-op could pounce on grocery wholesale group after supermarket cools on dealSainsbury’s exclusive talks on a £130m takeover of grocery wholesale group Nisa have ground to a halt over fears of intervention by competition authorities.The exclusive talks ended late last week after the Competition and Markets Authority expressed serious concerns about a similar, but much larger, merger between Tesco and the grocery wholesaler Booker. Continue reading...
  
  Read more

• Advertisement

• Drinking problem: Ryanair wants UK airports to curb alcohol - Financial Post

  14-08-2017 17:15
  Drinking problem: Ryanair wants UK airports to curb alcohol
  Financial Post
  LONDON — Budget airline Ryanair is calling on British airports to curb alcohol sales following sharp increases in the number of incidents involving disruptive passengers. The carrier issued a statement Monday calling for a ban on alcohol sales before ...en meer »
  
  Read more

• I’ve reached the end of the line with GWR refund

  14-08-2017 16:52 via theguardian.com
  I should get the full fare back after a four-hour delay, but have received nothingI got caught up in huge delays on Great Western Railway services between London and Chippenham at the end of April that resulted in a hold-up of four hours, making me eligible for a full refund. The tickets were London to Chippenham returns for two people at a total of £104. Refunds are meant to take place within 14 days, according to the website. I made my compensation claim the day after and, since then, ha
  
  Read more

• Online package holiday from hell? Don't fret, more protection is on its way

  14-08-2017 16:49 via theguardian.com
  New EU-driven rules on refunds aim to plug gap in UK consumer rights between customers who booked online and those who bought at a travel agentTravellers booking package holidays online are to receive greater protection if a holiday company goes bust, under government proposals to strengthen rules.The government said enhanced regulations, due to take effect in July 2018, would better protect an extra 10m UK package holidays booked over the internet. Continue reading...
  
  Read more

• UK inflation tipped to rise again with wages forecast to stagnate

  14-08-2017 14:35 via theguardian.com
  Latest inflation figures due out this week forecast to show prices rising at 2.7% with pay remainin flat even as unemployment continues to fallThe squeeze on cash-strapped British households is expected to be illustrated this week byofficial figures likely to show that inflation picked up last month, outstripping growth in pay packets.City economists are forecasting that the consumer price index (CPI) rose at an annual rate of 2.7% in July, up from 2.6% in June. The figures will be released by t
  
  Read more

• Advertisement

• Jeremy Corbyn takes aim at housing crisis at Milton Keynes rally

  14-08-2017 13:03 via theguardian.com
  Labour leader will also set out plans to tackle commuter issues including rail fares, as tour of marginal seats continuesLabour would create a new department to tackle the housing crisis, Jeremy Corbyn will pledge at the latest rally on his tour of marginal seats. The Labour leader is touring the home counties on Monday, visiting Reading and addressing a crowd in Milton Keynes, where Labour came within 1,915 votes of ousting the Conservative MP Mark Lancaster. Continue reading...
  
  Read more

• How the wealthy live: Dubai's rich set – in pictures

  14-08-2017 12:50
  Bread and Circuses by Nick Hannes is a revealing look at the luxurious, consumer-based lifestyles of ‘Las Vegas in the Gulf’. It won the documentary series prize in the Magnum and LensCulture Photography Awards 2017 Continue reading...
  
  Read more

• Could these investment trusts help to you achieve financial independence? - AOL UK

  14-08-2017 12:01
  AOL UK
  Could these investment trusts help to you achieve financial independence?
  AOL UK
  Investment trusts are one of the oldest investment vehicles. For more than a hundred years investors have been using these companies to pool, protect and grow their wealth. RIT Capital Partners(LSE: RCP) is one of the most successful investment trusts ...en meer »
  
  Read more

• Standard Life Aberdeen: ' We will create a UK financial services champion' - Money Marketing

  14-08-2017 09:55
  Money Marketing
  Standard Life Aberdeen: ' We will create a UK financial services champion'
  Money Marketing
  Aberdeen Gilbert Martin Gilbert 700x450 Standard Life and Aberdeen Asset Management have completed their merger, creating a combined business running £670bn in assets. Writing in the Daily Telegraph at the weekend, Standard Life Aberdeen co-chief ...en meer »
  
  Read more

• The UK debt tide is rising – how can you avoid drowning?

  14-08-2017 08:00 via theguardian.com
  With total household borrowing now topping £200bn, we looks at options for those who find themselves in difficultiesCampaigners have long warned of the problem and it is now official: Britain has a growing debt problem at levels not seen since the global financial crisis almost a decade ago.Borrowing through credit cards, overdrafts and car loans - unsecured consumer credit - and other forms of financing has topped £200bn, confirming grim predictions from debt charities of the spiral
  
  Read more

• No excess baggage: the startup helping travellers store luggage anywhere

  14-08-2017 08:00
  Citystasher has enlisted a variety of businesses, from florists to barber shops, to provide secure spaces where tourists can leave their bagsThe holy grail for a disruptive business is to tackle an everyday problem that no one has done anything about. Like many of the best startup stories, the idea for bag storage startup CityStasher came to its co-founders by accident. Matt Majewski was faced with the prospect of travelling from Oxford, where he’d spent the summer doing an internship, to
  
  Read more

• I'm buying a flat as I'm separating – can I reclaim the higher stamp duty?

  14-08-2017 08:00 via theguardian.com
  I want to move out of the marital home and this flat would be the only property in my name
  Q My husband owns the house we live in. Things are strained between us and I have decided to buy a flat so I can move out. My solicitor mentioned that I would have to pay the 3% surcharge on stamp duty. I can cover this at the moment and I really want to buy the flat on which I have put down an offer.However, I am unsure whether I can claim this stamp duty back if we separate because this would be the only
  
  Read more

Follow @financialnwsUK on Twitter!