Financial news

• Stricken carmakers stall at the crossroads of a radical future

  12-01-2019 17:00 via theguardian.com
  It started 2019 by axing jobs, blaming the slowdown in China and the US, but now the industry faces more fundamental threatsAs motor industry executives descend on Detroit this week for its annual motor show, the icy winds sweeping in off the Great Lakes will not be the only thing sending a sub-zero chill through their bones.The 2019 North American International Auto Show (NAIAS), to give it its proper title, returns to the Motor City on Monday at what many believe is the most pivotal – an
  
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• The sub-prime timebomb is back – this time companies are lighting the fuse

  12-01-2019 16:59 via theguardian.com
  Leveraged loans are ringing alarm bells for regulators who fear a repeat of 2008’s mortgage disasterWhen an expert in financial risk at one of the world’s most powerful private equity outfits tells investors to scale down their exposure to a specific corner of the debt market, it is worth taking notice.Henry McVey, who sits on the risk committee at KKR, said last week that the leveraged loan market – a $1.3tn (£1tn) pile of risky corporate loans – had been on a &ldq
  
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• How millennials have put a spoke in the wheels of Britain’s bicycle shops

  12-01-2019 16:00 via theguardian.com
  Youngsters say cycling is ‘too scary’, bike sales are static and stores are closing, as highlighted by James Corden last weekIt was a small, handwritten notice taped to the window of a shop but it spoke volumes. “For 2019 switch off your device, learn to talk to people again. Use your local shops. If its [sic] cheaper online save up and buy local, remember they are familys [sic] not faceless companies. More convenient online? Don’t be lazy go and get it local. Do more to
  
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• British pound CLIMBS to highest since late November – 'HIGHLY reactive to Brexit'

  12-01-2019 09:41 via feedproxy.google.com
  THE BRITISH pound climbed to its highest since late November on Friday, as expectations grow that the UK will seek to delay its scheduled exit date from the European Union.
  
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• ‘I went from a junior office job to a six-figure revenue as a business coach’

  12-01-2019 09:30 via theguardian.com
  Lisa Johnson on how she left the 9-5 to become a wedding planner and help others thriveName: Lisa Johnson
  Age: 41
  Occupation: Business coach and wedding planner
  Salary: £80,000 between her and her husbandI grew up in a council house and we didn’t have much, so my money mindset was quite poor. I didn’t know anyone that had much money. I didn’t go to college or university; no one around me did. Instead I found a junior office job and worked my way up. Continue reading...
  
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• Small energy firms' customers warned over credit as Economy fails

  12-01-2019 08:45 via theguardian.com
  It can be dangerous to run up big balances as nine companies have collapsed in the past yearConsumers signed up to small energy firms are being warned not to build up large credit balances after Economy Energy collapsed this week owing some of its customers over £300.Nine small gas and electricity suppliers have failed in the past 12 months, affecting more than 800,000 households. Energy regulator Ofgem has systems to ensure people don’t lose out if their supplier goes bust, but form
  
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• Probate: the best way to deal with the will and estate

  12-01-2019 08:30 via theguardian.com
  From where to seek legal guidance through to the self-help or expert options •How to organise a funeral without paying unnecessary costsWhen a family member or friend dies, first comes the shock, then the grief – and finally an awful lot of paperwork. Getting a medical certificate, registering the death and arranging a funeral is only the start of it; the next step is to go through probate – the process of unlocking all the assets in the deceased’s estate and sharing them
  
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• How to organise a funeral without paying unnecessary costs

  12-01-2019 08:30 via theguardian.com
  More people will die this week than at any other time of the year, official figures show•Probate: the best way to deal with the will and estateJanuary is a cruel month. More people will die this week than any other week of the year, according to figures from the Office for National Statistics for England and Wales. On average, there are 40% more deaths recorded in the second week of January than during the rest of the year.For the loved ones left behind, the days after a death can be devast
  
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• TVs: is it worth paying more for technology such as OLED?

  12-01-2019 08:00 via theguardian.com
  I want to upgrade my set, but I’m wondering if coughing up more will improve the pictureEvery 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.Our 32-inch Sony TV is nearly 10 years old, and doesn’t have Netflix or Amazon on it. We want to upgrade to a 50-inch screen, but are baffled by the terminology – 4K, HDR, Oled and so on. There is a Samsung 4
  
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• Rollercoaster ride: day at Thorpe Park ends with lost bag and car theft

  12-01-2019 08:00 via theguardian.com
  Visitor locked in compensation battle as handing over valuables for safekeeping goes awryThe Saw rollercoaster at Thorpe Park is claimed to be the scariest ride in the world – and it has become the stuff of nightmares for one customer because while she was on it the amusement resort managed to lose her handbag, allowing someone to steal her car.Bobby Barrett, 28, is set to be more than £2,000 out of pocket as a result of the incident. She says she has been left shocked by Thorpe Park
  
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• Morrisons cheapest supermarket for online shopping, says Which?

  12-01-2019 01:01 via theguardian.com
  Switching from Waitrose to Morrisons could save shoppers £170 a year, survey findsShoppers looking to tighten their belts after the Christmas blowout could save money by online shopping at Morrisons, according to a new Which? survey.The consumer group’s analysis found that on average, the Bradford-based supermarket offered the cheapest online groceries, based on a basket containing 77 popular branded products including Andrex toilet roll, Hovis bread and Cathedral City cheddar cheese
  
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• Gambling on credit cards could be banned in overhaul of betting

  12-01-2019 01:01 via theguardian.com
  Industry watchdog to call for evidence on move that would affect billions of pounds of bets a yearThe government is considering banning the use of credit cards in gambling – a move that would affect billions of pounds worth of bets a year.The culture secretary, Jeremy Wright, said he would haul bookmakers and major retail banks into meetings to discuss concerns that up to 20% of deposits with some gambling firms are made using money that consumers do not actually have. Continue reading...
  
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