Financial news

• Easy money won’t solve Christine Lagarde’s economic problems | Phillip Inman

  06-07-2019 19:18 via theguardian.com
  The new European Central Bank boss should resist pressure to lower interest rates further stillWelcome to Frankfurt, Christine Lagarde. A new job as head of the European Central Bank awaits. There are only so many supranational jobs on the political and economic circuit and you have nabbed a second one after seven years at the helm of the International Monetary Fund.There is much work to be done, not least the task of rescuing a eurozone economy that has seen four years of steady growth across m
  
  Read more

• ‘I think we’re going under’: fitters fall into debt as Bathstore pulls the plug

  06-07-2019 17:00 via theguardian.com
  Contractors are calling for new safeguards after the collapse of the bathroom supplier left hundreds of them in troubleThe impact of Britain’s high street downturn is not just measured in frontline retail jobs. When the specialist retailer Bathstore collapsed last month, 500 shopfloor and head office jobs were put at risk. But up to 300 bathroom fitters also face an uncertain future – a reminder that behind every high-profile failure, a string of suppliers and small businesses are pa
  
  Read more

• Spudulike asks landlords for rent cuts in rescue restructuring

  06-07-2019 16:39 via theguardian.com
  Baked potato specialist wants to close at least four of its 31 outlets as part of plan to keep afloatBaked potato specialist Spudulike is seeking landlords’ backing for a rescue restructure involving rent cuts and closures in the latest sign of meltdown on the high street.The chain, which was popular in the 1980s and 1990s when it became synonymous with Harry Enfield and Kathy Burke creations Wayne and Waynetta Slob who named their second child “Spud-u-lika”, wants to close at
  
  Read more

• UK mobile operators ignore security fears over Huawei 5G

  06-07-2019 15:00 via theguardian.com
  Firms pushing ahead with Chinese tech giant to set up new networkHuawei is helping develop 5G networks for all four of the UK’s major mobile phone operators – even though the government has yet to confirm whether the controversial Chinese technology company will be permitted to build the next generation of wireless infrastructure.The revelation threatens to exacerbate tensions between the UK and the US, which has taken a firm line against the company amid claims, strongly denied, tha
  
  Read more

• Advertisement

• Solar power: how investing can help to change lives

  06-07-2019 09:34 via theguardian.com
  Energise Africa offers a 5% return and allows you to help support low-income families Fight the climate crisis and earn a return of 5% at the same time, plus enjoy a guarantee on your investment.That’s the offer from an ethical investment scheme that allows people to put money into companies providing African families with access to clean, affordable solar energy. Continue reading...
  
  Read more

• Making a crust: Tesco to use unsold bread in new products

  06-07-2019 09:00 via theguardian.com
  Supermarket to create olive crostini and bread pudding from baguettes to reduce waste
  Britain’s largest supermarket chain is launching a drive to reduce food waste from bread by turning unsold baguettes and batons from its in-store bakeries into new products.Surplus bread is one of the biggest waste problems for food retailers, according to the government’s food waste adviser Wrap, particularly from freshly baked lines which have a short shelf life. Continue reading...
  
  Read more

• Inside the Luxembourg free port storing riches for the super-wealthy

  06-07-2019 08:00 via theguardian.com
  Depending on who you speak to, Le Freeport is a high-security storage facility or a money-laundering riskAll you need to know about free portsAlong with free trade deals, tax cuts for high earners and the threat of a no-deal Brexit, special tax-free zones are likely to feature in a Boris Johnson premiership.The frontrunner to move into No 10 told a Tory hustings event this week that the UK could have six tax-free zones, known as free ports. Belfast, Teesside and Aberdeen are among potential loca
  
  Read more

• I want to try vaping – what equipment do I need?

  06-07-2019 08:00 via theguardian.com
  My wife says she will leave me unless I give up smoking, but the alternatives are bafflingEvery 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.My wife says she will leave me unless I give up smoking. I’m looking to try vaping instead but face a baffling choice of equipment costing between £10 and £150. What do I need to spend to get something dece
  
  Read more

• Advertisement

• ‘I owe £600 and can’t get a mortgage due to my mother’s fraud’

  06-07-2019 08:00 via theguardian.com
  Victim says his credit rating has been ruined and he is unable to get a mortgageIf you discovered that a major mobile phone company had allowed someone else to take out a contract in your name, you would rightly be furious.But what if that “someone else” turned out to be your mother, who hadn’t paid the bill and as a result, the company slapped a black mark on your credit record to the extent you couldn’t get a mortgage? Continue reading...
  
  Read more

• Food waste: how to get cheap grub and help save the planet

  06-07-2019 08:00
  Apps to sell off the large number of uneaten restaurants and cafe meals are finding a lot of new fansCafe owner Mehmet Boyraz is trying to reduce his food waste for religious reasons. Upmarket tearoom manager Catia Teixeira does it to avoid chucking freshly baked scones in the bin. And sandwich shop customer Ruoyun Hui wants to save money and the planet.All three are enthusiastic users of Too Good To Go, an app that enables restaurants and cafes to sell food they would otherwise have thrown away
  
  Read more

• Credit score WARNING: Are you damaging rating without realising? It may affect a mortgage

  06-07-2019 05:01 via feedproxy.google.com
  CREDIT scores are looked at by lenders when a prospective borrower applies for a loan. During an exclusive interview, a credit expert has issued a warning about the current configuration of a person’s credit score.
  
  Read more

• Airport parking deals: save up to 30% by shopping around

  06-07-2019 01:00 via theguardian.com
  Spending 10 minutes online before you travel to find a discount code can help you cut the costHolidaymakers planning to leave their car at a UK airport this summer face a bewildering choice of options – and some crazy charges. However, you can bring down the cost by up to 30% simply by spending 10 minutes online before you go.In the past, the airports closely controlled the cost of parking to the extent that it was rarely worth shopping around. But a host of websites – and even the a
  
  Read more

Follow @financialnwsUK on Twitter!