Financial news

• We still need Help to Buy

  09-09-2018 20:15 via feedproxy.google.com
  Calls to scrap Help To Buy will be putting extra pressure on first time buyers saving for a deposit to get their first food on the property ladder. Although the scheme is guaranteed until 2021, critics say it does as much harm as good by pushing up the price of homes because it helps to increase demand with its lower deposit element.
  
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• The future of Help To Buy

  09-09-2018 19:46 via feedproxy.google.com
  THE GOVERNMENT-BACKED Help to Buy scheme has assisted hundreds of thousands to climb onto the property ladder, but reports suggest this valuable support could be whipped away. Former Chancellor George Osborne’s flagship scheme was launched in 2013 and so far has injected a massive £8.9 billion of Government support into the housing market, with a further £10 billion pledged as the scheme has been extended until 2021.
  
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• Planning your child’s student finances

  09-09-2018 19:04 via feedproxy.google.com
  This year’s university student intake is now gearing up for one of the most exciting experiences of their lives, but it could turn into the most costly, unless they are financially prepared. For parents or grandparents, one of their final responsibilities before their nearest and dearest set off into the world is teaching them to handle their money in a grown-up way, or risk running up debts that will last far into adulthood.
  
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• Uprising set for Sports Direct AGM

  09-09-2018 18:57 via feedproxy.google.com
  Shareholder proxy voting agencies have recommended that investors vote against the re-election of both to the board, as they believe that Ashley wields too much influence over the board and that Hellawell does not provide effective oversight. Proxy voting agencies PIRC and ISS also have concerns over the firm’s treatment of employees and the appointment of Michael Murray, Ashley’s future son in law, to a senior role at the company.
  
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• Pay-TV giant Sky will tomorrow open its own school in Hounslow

  09-09-2018 18:21 via feedproxy.google.com
  Pay-TV giant Sky will tomorrow open its own secondary school, the Bolder academy, which will initially be attended by 150 year Seven pupils. The academy in Hounslow, south-west London, is a partnership between Sky, the local council and headteachers in the area.
  
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• Confident Morrisons set to hike half-year dividend

  09-09-2018 18:10 via feedproxy.google.com
  WM Morrison chief executive Dave Potts is expected to hike the revitalised supermarket giant’s dividend at its interim results on Thursday, in a show of confidence in its growth prospects. City analysts believe that Morrisons will lift its half-year payout 11.5 per cent to 1.85p per share or £43.5million.
  
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• Lehman collapse a thing of the past

  09-09-2018 17:55 via feedproxy.google.com
  BRITAIN is better prepared for a future financial crisis than it was when Lehman Brothers collapsed 10 years ago according to PwC, administrator of the failed investment bank’s European operations. Speaking ahead of the 10th anniversary of the bank’s failure on Saturday, an event that pushed the global economy into recession, PwC partner and joint Lehman administrator Russell Downs said it was unlikely that Britain will ever see another business failure as large: “I’m ple
  
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• Have the 'too big to fail' banks really met their Waterloo? | Richard Partington

  09-09-2018 15:42 via theguardian.com
  Ever since Lehmans went bust banks have been promising to reform, but we’re not there yetHistorians have recorded turning points for time immemorial. The crossing of the Rubicon by Caesar, the Boston Tea Party for the United States, Britain’s triumph at Waterloo and decline after Suez.For the chroniclers of capitalism, the collapse of Lehman Brothers a decade ago this week stands as the major tipping point in modern financial history. The talk in the City will be of the days before L
  
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• Bulb founders warn on demand for UK green power - Financial Times

  09-09-2018 12:27
  Financial Times
  Bulb founders warn on demand for UK green power
  Financial Times
  Bulb, the UK's fastest-growing renewable energy supplier, has warned that demand for green energy could outstrip supply in the country within five years as consumers seek less polluting energy sources. Amit Gudka and Hayden Woods, who founded the ...
  
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• Ten years on, capitalism might not survive the shock of another Lehman | Will Hutton

  09-09-2018 11:00 via theguardian.com
  Governments have failed to force banks to protect themselves from risks – and some are greater than they were a decade agoTen years ago this weekend, frantic efforts were being made to save one of the biggest banks in the world. When chancellor Alistair Darling overruled Barclays’ supreme stupidity in considering the takeover of the stricken Lehman Brothers investment bank – the extent and complexity of its debts would have brought down both it and probably the British banking
  
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• Ordered online? What to do when a company fails to deliver the goods

  09-09-2018 08:00 via theguardian.com
  Two thirds of online shoppers face fighting for redress when a parcel arrives late, damaged or not at allOrdering goods online is quick and convenient ... unless your package arrives late or damaged, or simply never turns up. These problems affect around two-thirds of online shoppers every year, according to Citizens Advice.Getting compensation can be even more frustrating, as it can take weeks of emails and phone calls – if you’re lucky. With research having shown that Britons spend
  
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• It’s not too early to tell that Brexit would be a disaster

  09-09-2018 08:00 via theguardian.com
  Leavers may talk about the long term, but the damage to British life and institutions is already painfully apparentWhen the Bank of England was celebrating the 20th anniversary of becoming independent last year, I was asked whether I agreed that, notwithstanding my initial doubts, independence had proved a success.I replied that it was too early to tell. This was an echo of a widely misunderstood quotation from the Chinese prime minister Zhou Enlai, who, when President Nixon asked him what he th
  
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