Financial news

• Clarity on Burford Capital is needed after Muddy Waters treatment

  07-08-2019 20:38
  Grumbling about short-selling is pointless – disclosure and engagement are the only defencesMuddy Waters is a splendid name for a short-selling hedge fund that claims to spot accounting shenanigans at listed companies. Carson Block, its founder, doesn’t get it right every time, but he has a big following.That partly explains the thumping 46% fall in Burford Capital’s share price after one of the hottest stocks on London’s alternative investment market received the Muddy t
  
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• Passenger anger as tens of thousands hit by BA systems failure

  07-08-2019 20:09
  More than 500 flights cancelled or delayed by IT problem affecting London airports British Airways was facing passenger anger on Wednesday as more than 500 flights were cancelled or delayed as a result of a systems failure.In the latest in a series of operational problems to hit the airline, and the travel plans of tens of thousands with holiday and business plans, London’s Heathrow, Gatwick and City were the airports most affected by the computer failure. BA refused to reveal the number o
  
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• Royal Mint makes no 1p or 2p coins for first time in decades

  07-08-2019 19:10
  No 1p coins were struck for first time since 1972, after sharp recent fall in use of cashThe Royal Mint produced no 1p or 2p coins last year.For the first time since 1972, no 1p coins were struck for circulation in 2018-19 – and for the first time since 1984, no 2p coins were produced. Continue reading...
  
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• Burford Capital shares down 65% in further blow to Neil Woodford

  07-08-2019 16:54
  Nearly £2bn wiped off value of second largest holding in his suspended flagship fundThe fund manager Neil Woodford has been dealt a new blow after more than £1bn was wiped off the value of Burford Capital, the second largest holding in his suspended flagship fund.Shares in Burford Capital, which specialises in providing funding for lawsuits, plummeted 65% in 24 hours after the US hedge fund Muddy Waters took a short position on its stock, betting that the price would drop, and then l
  
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• Hargreaves Lansdown bosses waive bonuses after Neil Woodford affair

  07-08-2019 12:43
  Quarter of group’s customers affected by former star stock-picker blocking flagship fund The boss of Hargreaves Lansdown and his senior team have waived their annual bonuses after about a quarter of the company’s customers were affected by the suspension of Neil Woodford’s flagship investment fund.Chris Hill, Hargreaves’ chief executive, had previously said he would not take his bonus until Woodford’s equity income fund reopens. Hill has now decided to waive the pay
  
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• Pension tax relief: What is tax-free contributions limit? Why the relief may stop applying

  07-08-2019 11:47 via feedproxy.google.com
  PENSION tax relief can be a way which many people avoid a portion of their taxable income being paid to HM Revenue and Customs as Income Tax. What are the rules about tax relief on pension contributions?
  
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• Can Universal Credit be paid early? What happens if payment is due on August Bank Holiday

  07-08-2019 11:47 via feedproxy.google.com
  UNIVERSAL CREDIT is paid monthly, following the first payment. Can Universal Credit be paid early? The Department for Work and Pensions have explained what happens should a payment be due during bank holiday weekends.
  
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• Life insurance UK: Why a new job could mean you need to pay MORE for your cover

  07-08-2019 10:48 via feedproxy.google.com
  LIFE insurance policies may be taken out for a whole host of reasons. It may be that some people are required to pay more for their cover, and this could come down to their profession.
  
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• ‘Women take on any jobs they can’ WASPI on impact of state pension age changes for women

  07-08-2019 10:09 via feedproxy.google.com
  STATE PENSION age changes for women is something of a controversial topic. The age has risen in recent years, and now, the campaign group WASPI has explained what it has meant for the women born in the 1950s who are affected.
  
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• Winter electricity and gas bills fall as Ofgem lowers price cap

  07-08-2019 08:53
  Regulator’s decision means drop of £75 for about 11m UK households Energy bills for millions of British households will fall by £75 this winter after Ofgem reduced its price cap on standard tariffs to reflect lower costs for suppliers.Under the lowered cap, the average annual energy bill for 11m homes will fall from £1,254 to £1,179 through the months from 1 October to the end of March. Continue reading...
  
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• Credit score UK: How to improve your credit score - why an overdraft could actually help

  07-08-2019 08:03 via feedproxy.google.com
  CREDIT scores can be very important when it comes to a person’s financial matters, such as getting a loan or a mortgage. How can one improve their credit score?
  
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• I’m not a customer but Scottish Power has sent bailiffs and bills

  07-08-2019 08:00
  A debt collector arrived at my door with the wrong address and meter number during a year of hassleI have never been a customer of Scottish Power, but when I moved last year I started getting welcome letters from the company. It took days on the phone to persuade it I was with British Gas.Over the following months it allocated several account numbers to me, and then switched my supply over from British Gas. Continue reading...
  
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• 'Tax trap' pension rules to change in effort to halt NHS crisis

  07-08-2019 01:20
  Health secretary to reform system that deters senior medics from taking extra shiftsAn NHS pension “tax trap” blamed for deterring senior doctors and nurses from taking on additional shifts for fear of being hit with hefty tax bills are to be overhauled, ministers have announced.The health secretary, Matt Hancock, said the move would ensure senior clinicians in England and Wales fully benefited from any extra work they took on. Continue reading...
  
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