Financial news

• Wonga BEGS for £10m LOAN to save it from going bust!

  04-08-2018 23:08 via feedproxy.google.com
  Wonga shareholders have plunged £10 million into the pay-day loans company to save it from going bust. The emergency cash injection was granted after Britain's biggest payday lender approached its investors for help.
  
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• The trillion-dollar question: can the tech giants keep growing?

  04-08-2018 17:00 via theguardian.com
  A startling stock-market landmark for Apple has been offset by big falls for Facebook and Twitter. Is this tumultuous period just a blip, or the first sign of trouble?It has been a tumultuous couple of weeks for America’s high-flying technology stocks, even by their own unique standards. Their shares have been soaring since the start of the year, despite being buffeted by trade war fears as President Trump talked of limiting Chinese investments in the US and restricting American technology
  
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• Northern rail cancels 80 Sunday services

  04-08-2018 16:31
  Liverpool worst affected with nearly 60 cancellations as staff ‘make themselves unavailable’Northern rail has cancelled about 80 services on Sunday and is expecting to have to cancel more after staff “made themselves unavailable to work”.Liverpool was worst hit, with all 30 direct trains between Liverpool and Manchester airport cancelled. Twenty-nine from Liverpool to Wigan were also cancelled, reducing it to an hourly service. Trains between Blackpool and Colne will run
  
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• £63m for a five-bed London home? It’s a snip as the super-rich cash in

  04-08-2018 13:59
  Prime property prices in London are falling. But at the very top of the market, sales are booming as billionaires hunt for bargainsLuxury property developer Christian Candy has sold the former head office of his business empire – now refurbished into an opulent five-bedroom home complete with an underground swimming pool, massage room, aquarium and cinema – for £63m.Rutland House, a six-storey Victorian terrace in Knightsbridge – a stone’s throw from Harrods and One
  
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• Can I trust a website for a reliable handyman?

  04-08-2018 09:00 via theguardian.com
  We are looking for someone to do some home repairs for my elderly parentsEvery 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.In search of a handyman for my elderly parents I’ve been looking at various websites that promise “trusted” workers. Has anyone found a site that delivers good tradesmen, or should I ask the neighbours instead? Continue rea
  
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• Virgin Media’s battle with UKTV infuriates customers

  04-08-2018 08:00 via theguardian.com
  Subscribers lose 10 channels and say it’s ‘hell’ trying to get company to downgrade their packagesVirgin Media customers trying to downgrade their television packages following the loss of several popular channels are being told that they can only do so if they sign a new 12-month contract.Two weeks ago a financial dispute between UKTV and Virgin led to the cable provider withdrawing 10 of its most popular TV channels – including Dave, Drama and Yesterday. The move led to
  
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• The sheer hell that is heading off on holiday from Britain

  04-08-2018 08:00 via theguardian.com
  A passing thunderstorm was enough to throw Stansted into near-complete disarrayIn Stansted airport, it’s Friday and the start of the great summer holiday get-away. So around half of the security scanners are closed, and we patiently join the queues snaking along the nylon barriers wondering nervously if we should have paid for fast track. But there are even queues there.Past this stage, it usually gets better. Shops, drinks, and a holiday mode set in. But last Friday, 27 July, what unfolde
  
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• Mortgages rates: is it worth for a decade of certainty?

  04-08-2018 08:00 via theguardian.com
  After the rise, many people are considering locking into a cheap 10-year fixed mortgageThe Bank of England raised rates for only the second time in a decade this week, and by only 0.25% to 0.75%. Is this the precursor to several more rate rises? The expert view in the City is that further rises will be gentle and we are unlikely to go back to the 5%-plus rates common before the financial crash. But with 10-year fixes now sitting at, or near, historic levels – starting at just 2.39% –
  
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• Compensation: don’t let Ryanair fob you off

  04-08-2018 08:00 via theguardian.com
  Ryanair claims the recent strikes by its staff count as ‘exceptional circumstances’Ryanair’s response to the cancelled flights and chaos at Stansted airport over the last week will come as little surprise to seasoned airline watchers. Despite the now clear law requiring it to pay compensation of €250 (£223) (400 if the flight is more than 1,500km which covers Malaga, Naples and Dubrovnik) to virtually any passenger delayed by more than three hours, it is arguing that
  
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• What happens when Airbnb goes wrong?

  04-08-2018 07:59
  The service has millions of satisfied customers – but when it goes wrong holidays are ruinedI got £1,500 compensation when I threatened legal action after a villa disasterWhen Damian White and family finally arrived at the three-bed villa in Portimão, Portugal, they booked through Airbnb – after spending hours searching for it with incomplete address details – they didn’t realise this was just the start of their holiday from hell. Continue reading...
  
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• ‘I went to the local Citizens Advice; they just said tough luck’

  04-08-2018 07:59 via theguardian.com
  Laboratory technician David Feld was last employed in 2016 – 183 miles from his homeI’ve just applied for my 143rd job in a year. I’ve had 12 or 13 interviews but have not been successful so far. My last employment was in December 2016, and I really enjoyed it, in spite of the travelling. I was doing maternity cover in a laboratory at a company in Kendal, Cumbria, and responsible for testing raw materials that go into food and the finished product. I would get up at 3.30am on a
  
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• RBS dividend first in decade

  04-08-2018 05:12 via feedproxy.google.com
  ROYAL Bank of Scotland is to pay its first dividend in 10 years as its turnaround after a £45billion bailout during the financial crisis nears completion.
  
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• China warns of tariffs on imported US goods worth $60bn

  04-08-2018 00:02 via theguardian.com
  Beijing retaliates against Trump’s threatened tariffs on $200bn of Chinese importsChina has unveiled plans to impose retaliatory tariffs on US imports worth $60bn (£46bn), firing the latest volley in the mounting trade dispute between the world’s two largest economies – which are currently conducting “zero” dialogue on trade, according to reports.Signalling the nation’s readiness to respond to the higher tariffs threatened by Donald Trump on $200bn of Ch
  
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