Financial news

• Universal Credit: What is Universal Credit? Are you eligible? Why is it so controversial?

  13-05-2019 21:26 via feedproxy.google.com
  UNIVERSAL CREDIT can help Britons across the nation with their living costs. But what is Universal Credit and are you eligible? Here’s how Universal Credit became controversial.
  
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• Stock market MELTDOWN: Dow plunges 700 points as Beijing retaliates with higher US tariffs

  13-05-2019 21:10 via feedproxy.google.com
  THE DOW plunged 700 points on Monday after China said it will raise tariffs in retaliation to last week's tariff increase by the US.
  
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• Metro Bank's attempts to carry on as normal are getting ridiculous

  13-05-2019 20:43
  With the bank’s value plunging, fundraising looks tricky and the board’s position ever shakierMetro Bank says its £350m fundraising is “well advanced”, which is not the same thing as being finalised, priced and ready to go. Indeed, the bank’s advisers have a slippery job on their hands given the speed of the descent in the share price. When Metro finally conceded in February that it would need fresh funds, its share price was £15. Now it is 475p, down 11
  
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• Boots profits plunge as high-street slump hits chemist chain

  13-05-2019 20:27 via theguardian.com
  Retailer reports 18.3% fall and warns it could close stores as part of cost-cutting drive
  Profits from Boots’ UK stores slumped by almost a fifth last year as sales fell at Britain’s largest chain of chemists.Boots UK, which is owned by the US company Walgreens Boots Alliance, reported profits of £317m in 2018, a fall of 18.3% compared with 2017, according to its latest accounts. Continue reading...
  
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• State pension WARNING: Why yours could be CUT - how much should you get?

  13-05-2019 18:35 via feedproxy.google.com
  THE STATE pension is a sum of money many Britons rely on. How much you get depends on the national insurance you have paid. You get it monthly, but yours could be cut and this is why.
  
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• GOLF CLUBS 4 CASH: Fair play duo build global second-hand market

  13-05-2019 18:31 via feedproxy.google.com
  FOR bargain-hunting golfers, Murray Winton and Martin Lambert are the kings of clubs. Their second-hand equipment business offers affordability, upgrades and chances for new players to take up the sport.
  
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• Debit returned to customer by call blocking service that "knew password"

  13-05-2019 18:17 via feedproxy.google.com
  A CALL from a friendly stranger ended with a pensioner thinking he had bought breakdown cover for his washing machine and fridge freezer.
  
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• 'Worrying is not productive, but planning is': how to be more future-minded

  13-05-2019 18:15
  When it comes to finances, many of us find the future a scary prospect. But planning ahead need not be so daunting. By Bonnie ChristianThe future arrives so quickly these days that sometimes it can be difficult to distinguish from the present. Yet the distinction between the two can help us to understand many aspects of our decisions and behaviours.Some people seem to live in the moment, while others appear more preoccupied with the future. A person’s tendency to take the future into accou
  
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• How to be more future-minded when it comes to your finances

  13-05-2019 18:15
  When it comes to finances, many of us find the future a scary prospect. But planning ahead need not be so daunting. By Bonnie ChristianThe future arrives so quickly these days that sometimes it can be difficult to distinguish from the present. Yet the distinction between the two can help us to understand many aspects of our decisions and behaviours.Some people seem to live in the moment, while others appear more preoccupied with the future. A person’s tendency to take the future into accou
  
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• Bitcoin price: Cryptocurrency enters 'BULLISH RALLY' as expert predicts value could TRIPLE

  13-05-2019 16:55 via feedproxy.google.com
  BITCOIN has traded above $6,000 for the first time in nearly six months which prompted cryptocurrency enthusiast Michael Novogratz to claim investors could see the value of BTC triple by 2021.
  
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• Metro Bank shares plunge as it attacks 'false rumours'

  13-05-2019 16:14 via theguardian.com
  Customers queue to access safety deposit boxes as lender reassures them property is safeMetro Bank shares hit a new low on Monday despite efforts to shut down social media rumours questioning the lender’s financial health.The bank has been briefing staff on how to reassure customers that their money and safety deposit boxes are safe after a flurry of WhatsApp messages caused queues at some of its London branches over the weekend. Continue reading...
  
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• State pension TOP UP: How can YOU get state pension top up with new pension scheme?

  13-05-2019 16:13 via feedproxy.google.com
  STATE PENSION is a crucial payment from the Government for those who have reached retirement age. A new pension scheme has now been introduced for people to top up the state pension. Here’s how to use it.
  
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• The UK desperately needs new homes - but not these hideous boxes

  13-05-2019 15:03
  Even the housing minister admits the soulless developments gobbling up Britain’s countryside will soon have to be bulldozedA glance through the window of virtually any long-distance train reveals how much countryside is being gobbled up by identikit, soulless, mediocre housing designed around cars. Earlier this month, the housing minister, Kit Malthouse, predicted that many of the boxes being thrown up on the outskirts of towns would soon be “ripped down and bulldozed” as unsui
  
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• Crypto crime CRACKDOWN – Cops swoop on sinister dark web drug markets

  13-05-2019 14:32 via feedproxy.google.com
  US and Europe police have swooped on deep web dealers, but there are fears the raids will do little to stem the flow of drugs and other illicit goods. The Wall Street Market – the world’s second largest illegal online market – and the Valhalla Marketplace were taken down in simultaneous global operations.
  
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• Metro Bank: why are customers worried and are they covered?

  13-05-2019 12:52
  Lender forced to reassure customers, particularly over safety deposit box concernsMetro Bank was forced over the weekend to reassure customers about its financial health after what it described as fake rumours on social media.Shares in the bank have lost three-quarters of their value since it revealed a major accounting error in January. Continue reading...
  
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• Pound euro exchange rate: GBP/EUR rises even as cross-party Brexit talks deteriorate

  13-05-2019 11:48 via feedproxy.google.com
  This morning, the pound has risen slightly against the euro and the pairing is currently trading at around €1.158. Brexit talks between government ministers and Labour are set to continue today, and in the absence of any notable economic data releases, this will likely be the only cause of movement in the pairing.
  
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• Pound US dollar exchange rate: Trump spooks markets with fighting talk on China

  13-05-2019 11:31 via feedproxy.google.com
  The GBP/USD exchange rate is trading flat at the time of writing, with one pound fetching precisely $1.300 on currency markets. But that could all change later on with markets nervous about how China will react to US President Donald Trump’s latest move to slap hefty tariffs on imports.
  
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• We're nearing 40 – is it too late to buy our first property?

  13-05-2019 08:00
  We thought we would never buy, but just came into some money and are wondering about a mortgage
  Q We are at a complete loss. We never imagined that we would be in a position to buy property as we have struggled for years to save but recently we have come into some money which we could use as a deposit. However, both my husband and I are nearing 40 so are we too late? Where do we even start with trying to organise a mortgage? Surely it would need to be a shorter term one. I am fearful of taking o
  
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• Ikea’s returns policy is on another planet

  13-05-2019 08:00
  I just wanted to return one item but had to send back everything and re-order to have it collectedI am really confused by Ikea’s returns policy, which states I have to return a whole order of several items in order to qualify for a free return. I wanted to return a £15 rug from a £65 order. However, Ikea told me I would need to pay £25 to have it collected. I spent most of my day being advised by Ikea that I could only return to store or use CollectPlus – actually m
  
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