Financial news

• Crypto investors face financial RUIN after £470BN wiped from digital tokens since January

  20-08-2018 22:07 via feedproxy.google.com
  THE VALUE of all cryptocurrency tokens in circulation has plummeted by £470 billion since their dizzying peak at the start of the year, new figures have revealed.
  
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• Extending the housing crisis to associations is not the answer | Letters

  20-08-2018 18:36
  Readers respond to the latest news on the housing crisis, including right to buy for housing association tenants and the bedroom tax’s impact on single peopleThe Chartered Institute of Housing’s concerns that housing associations will replace sold-off social housing with new builds available on forms of tenure that are more lucrative for them and more expensive for potential residents (Report, 17 August) is borne out by developments that are already happening.Family Mosaic redevelope
  
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• Summer bonanza for CRYPTOCURRENCY SCAMMERS 

  20-08-2018 18:03 via feedproxy.google.com
  VICTIMS of cryptocurrency fraud lost £2 million or £10,000 per person in June and July according to the police’s Action Fraud unit. 
  
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• Bitcoin price LIVE: BTC traders await ETF decision as prices stagnate

  20-08-2018 17:14 via feedproxy.google.com
  BITCOIN is failing to make any gains on the day as the cryptocurrency market struggles to rally the bulls. Here are all the latest news and live updates.
  
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• Pepsi to buy SodaStream for $3.2bn in shift to health-conscious drinks

  20-08-2018 16:27 via theguardian.com
  Pepsi said the transaction, which is expected to close by January 2019, is another step in bid to promote wellnessPepsi will buy household drink-machine maker SodaStream for $3.2bn as it battles chief rival Coca-Cola for an edge in the health-conscious beverage market. Founded in the UK in 1903, SodaStream was a coveted device in British kitchens in the 1970s and 80s, allowing customers to create fizzy drinks by adding flavoured syrups to carbonated water, but it faded in popularity as soft drin
  
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• Watford named most expensive place in UK to have a funeral

  20-08-2018 16:25
  Company behind survey says average cost of a funeral has risen by 33% in past two yearsWatford is the most expensive place in the UK to have a funeral, according to research that also says the average cost of a funeral in Britain has risen by 33% in the past two years.Seven towns and cities have average funeral costs of more than £5,000, according to the survey conducted by the funeral price comparison site Beyond. The UK average is £4,241, up from £3,190 in 2016, it found. Con
  
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• 14m bolivars for a chicken: Venezuela hyperinflation explained

  20-08-2018 15:57 via theguardian.com
  As South American country faces soaraway prices, what is hyperinflation and why is it bad for the economy? Venezuela is introducing economic reforms including new banknotes that lop five zeros off its fast-depreciating currency as the country battles hyperinflation.Banks will close on Monday as they prepare to release the new “sovereign bolívar” amid warnings from International Monetary Fund economists that Venezuela’s inflation rate could exceed 1,000,000% this year. Co
  
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• Suite dreams do come true

  20-08-2018 15:35 via feedproxy.google.com
  CANCELLATION of a £2,678 furniture buy is bringing comfort and joy to a couple caught in a sales mix-up. Graham Bedford and his wife feared they might have to continue living with a settee they weren’t happy with and had tried to return just a couple of days after it was delivered last April.
  
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• EU says Greece can 'finally turn the page' as bailout ends

  20-08-2018 13:50 via theguardian.com
  ‘The worst is over’ after eight very difficult years for the country, commissioner saysGreece has turned the page to become “a normal” member of the single currency, European Union authorities in Brussels declared as the country finally exited its eight-year bailout programme.Its three bailouts during the eurozone crisis totalled €288.7bn (£258bn) – the world’s biggest-ever financial rescue. During that time, as the crisis threatened to lead to the
  
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• Persimmon set to reveal rate impact

  20-08-2018 13:33 via feedproxy.google.com
  PERSIMMON will unveil results for the first half of the year this week, with investors keen to hear management’s view on whether the increase in interest rates is starting to affect sales.
  
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• Pound US dollar exchange rate: GBP dips on falling UK business confidence

  20-08-2018 13:18 via feedproxy.google.com
  Last week the GBP/USD exchange rate dropped 2 cents from its best levels before steadying ahead of the weekend. The pairing is currently trading in the region of $1.274, down slightly from the day’s opening levels.
  
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• Pound to euro exchange rate: GBP edges higher on fresh lira losses

  20-08-2018 13:14 via feedproxy.google.com
  THE pound is edging up against the euro this morning, trading near €1.117 as the Turkish lira endures another downturn.
  
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• Countrywide scraps bosses' £20m pay plan after investor revolt

  20-08-2018 09:46 via theguardian.com
  Estate agency group operates under brands including Hamptons and Bairstow EvesCountrywide has scrapped a pay plan that could have handed its top executives more than £20m after a shareholder revolt.Earlier this month the beleaguered estate agent group, which has nearly 10,700 staff and operates under about 50 brand names including Hamptons International and Bairstow Eves, was forced to ask investors for £140m in emergency funds to save it from collapsing under the weight of its debt.
  
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• Do I need to pay the estate agent's fees if I pull out of a sale?

  20-08-2018 09:25
  We haven’t exchanged contracts yet, but the agent wants more than £1,200 in commission Q I have a three-bedroom semi which I own outright. My partner and I wanted to sell up and buy a bungalow because of my health and problems with stairs. We went with our local estate agent and luckily a buyer was found in the first week it went on the market which was in May 2017. We have had lots of problems trying to find a suitable bungalow. The properties that we showed an interest in turned ou
  
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• Why is my 96-year-old mother facing a £4,800 water bill?

  20-08-2018 08:43
  South West Water has overcharged her since 2015 due to an unreported leakMy mother, a sparky 96-year-old war veteran, has, for the past six months, been plagued with final demands from South West Water. The first was for £3,000 (two days before Christmas) followed by £800 (the week of her birthday) and then £1,000. Registered blind, she lives in a National Trust cottage in an isolated rural community in North Devon and has become increasingly anxious over this.She appears to ha
  
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• Majority of UK public want to install solar panels, poll finds

  20-08-2018 08:27
  More than 70% would make homes more energy efficient given government supportMore than half of the British public would install solar panels and home batteries to tackle climate change if there was greater assistance from the government, polling has found.While many have already made their home more energy efficient, 62% said they wanted to fit solar and a surprisingly high 60% would buy an energy storage device such as those sold by Tesla. Continue reading...
  
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• What’s the deal for your personal finances if there’s a no-deal Brexit?

  20-08-2018 07:59
  Amid warnings of dire consequences, here’s how to cope if it does become a realityThe currency markets have been doing little to allow British holidaymakers to enjoy a relaxing summer. The pound recently slumped to its lowest level against the dollar and the euro so far this year, meaning a break away just got more expensive.Behind that slump was the growing possibility that talks between London and Brussels will break down over the coming months and the UK risks leaving the EU with no dea
  
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• Simplifying energy switch process boosts savings, study finds

  20-08-2018 07:01
  Trial finds consumers eight times as likely to change supplier if requirement to provide tariff details removedThe number of households switching energy supplier can be dramatically boosted by removing the requirement for users to provide details of their energy tariff and consumption, a pilot project has found.A trial of 50,000 people showed that simplifying the switching process led to more than one in five people moving to a better deal, eight times as many as normal. They saved an average of
  
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• Rise in power bills expected despite government cap

  20-08-2018 01:01
  Households likely to be paying £60 more for energy as suppliers pass on higher costsHouseholds are facing a further round of energy price rises despite the introduction of the government’s price cap, industry experts have warned.Ministers have promised to protect 11 million households on default tariffs with a cap by the end of 2018. Ofgem, the regulator, is due to publish further details of the ceiling early in September. However, new analysis by the energy consultancy Cornwall Insi
  
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