Financial news

• Bitcoin bloodshed continues as price drops below $8,000

  27-09-2019 21:01 via feedproxy.google.com
  Bitcoin is now officially suffering one of its worst weeks in almost a year as the price of the cryptocurrency tumbled below $8,000 last night. The amount of trading value lost between Monday morning and Friday afternoon stands at a staggering $40 billion lopped off the entire crypto market cap.
  
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• Poundland seeks to slash rents in run-up to possible flotation

  27-09-2019 19:53 via theguardian.com
  Retailer’s parent group fuels rumours of IPO with name change and cost cutsPoundland is seeking to slash rents by a quarter as it renegotiates leases on nearly 90% of its stores over the next five years in a cost-cutting exercise before a potential initial public offering next year.The company expects to save £20m through lower rents on its 840 stores as it battles against rising costs and heavy competition as well as suppliers’ demands for upfront payment after credit insurers
  
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• Biffa fined for trying to ship household waste to China

  27-09-2019 18:38 via theguardian.com
  UK firm attempted to send household rubbish including condoms and a Deee-lite recordThe waste management firm Biffa has been fined £350,000 for trying to ship household rubbish to China labelled as wastepaper fit for recycling.Items found in the bales included sanitary towels, nappies, wet wipes and condoms – with the shipping containers reeking of vomit. Continue reading...
  
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• Rise in number of world's rich buying UK 'golden visas'

  27-09-2019 18:21 via theguardian.com
  Increase comes despite clampdown on scheme after Skripal novichok poisoning The number of wealthy foreigners investing at least £2m in the UK in exchange for a “golden visa” has risen to a five-year high, despite a clampdown on the scheme in the aftermath of the Skripal novichok poisoning attack. The Home Office granted 255 people tier-1 investor visas in the first half of 2019, allowing them to live and work in the UK for five years. This was the most in a six-month period sin
  
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• Let’s move to New Ash Green, Kent: there’s no hiding from the neighbours here

  27-09-2019 17:29 via theguardian.com
  It feels like a shotgun marriage between two visions of the future: the same-old-same-old, and what might have beenWhat’s going for it? Imagine, if you will, a property developer building a garden village of beautiful, affordable, modern homes of exemplary design – not a faux gable or ye olde garage in sight – including hundreds for social rent for the council, all set in a luxuriant leafy backdrop of trees and “village greens”. Hard, isn’t it? Still, Span beg
  
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• Bank of England hints at interest rate cut even without no-deal Brexit

  27-09-2019 17:20 via theguardian.com
  MPC’s Michael Saunders says businesses think uncertainty will last well into 2020The Bank of England may have to cut interest rates even if a no-deal Brexit is avoided on 31 October, according to a member of the rate-setting monetary policy committee.Michael Saunders said the economy’s persistent weakness meant a delay to Brexit or even a last-minute deal could still leave policymakers with no option but to cut rates. Continue reading...
  
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• Marcus by Goldman Sachs top bonus rate ending for some savers - how you can get new bonus

  27-09-2019 16:24 via feedproxy.google.com
  MARCUS BY GOLDMAN SACHS launched onto the UK savings scene last year offering a savings account paying 1.5 per cent, which included a 12-month bonus rate. On the one-year anniversary, how can a saver renew getting the bonus rate?
  
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• Canary Islands hold their breath for Thomas Cook fallout

  27-09-2019 15:55 via theguardian.com
  Tour giant’s collapse leaves big hotel debts and staff fearing for jobs just before winter seasonUnder a late September sun that blisters white northern European skin with ease, Playa de las Américas offers its visitors a bounteous blend of the familiar and the exotic.On the palm-lined main thoroughfare of the Tenerife resort town, tourists have an array of choice, from buying a pint for €1.50 (£1.33) to watching football matches, taking jetski trips and even Harley-David
  
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• Brexit forecast: what will happen between now and 31 October?

  27-09-2019 15:25 via theguardian.com
  With 34 days until the latest deadline, might we still see a no deal despite the efforts of MPs?Latest politics news – live updatesWith little more than a month until the UK’s third scheduled departure date from the EU, the path ahead remains deeply uncertain. So what might happen in the coming 34 days – and might we see a no-deal Brexit happen anyway, despite the efforts of parliament? Continue reading...
  
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• ROOM2 scales up new style ‘hometels’ for modern travellers

  27-09-2019 14:21 via feedproxy.google.com
  PROPERTY developer room2 is seeking £250 million of new investment for a major UK expansion of its new affordable hometels that blend a hotel’s stylish comfort and services with the flexibility and safety of home.
  
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• Daily Mail owner leads race to buy the i newspaper

  27-09-2019 14:17 via theguardian.com
  DMGT is frontrunner in pack of publishers after being asked into exclusive talks by ownersThe owner of the Daily Mail has emerged as the frontrunner to buy the i newspaper after being asked to enter exclusive talks by the i’s parent, JPI Media.Daily Mail & General Trust is involved in an auction of assets put up for sale by JPI Media, formerly known as Johnston Press, which publishes more than 200 regional titles including The Scotsman and Yorkshire Post. Continue reading...
  
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• Mortgage expert reveals move which could have impact on affordability assessment

  27-09-2019 13:01 via feedproxy.google.com
  MORTGAGE applicants will face an affordability assessment ahead of the lender agreeing to the requested loan. A mortgage expert has issued a warning about one financial move which could end up having an impact on the result.
  
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• Universal Credit claim changes: DWP reveals new safeguards in crackdown on loan scams

  27-09-2019 11:15 via feedproxy.google.com
  UNIVERSAL CREDIT advance loan applicants will now have an appointment with Jobcentre staff first, ahead of receiving the advanced payments, the Department for Work and Pensions has announced, in a Government crackdown on benefit scammers.
  
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• Free bus pass age: People in England wait longer than rest of UK amid state pension change

  27-09-2019 11:01 via feedproxy.google.com
  FREE bus travel may allow a person to carry out errands and social plans during their later years. In England, a person can get a bus pass for free travel when they reach the state pension age for women - but the rules differ in certain areas of the UK.
  
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• Tobacco profits stall as Imperial's vaping revolution fades

  27-09-2019 10:31 via theguardian.com
  British company’s valuation tumbles as earnings plateau and US states crack down on vapingIn Alison Cooper’s first six years as chief executive of Imperial Brands, as Imperial Tobacco calls itself these days, the share price doubled. In the last three, it has halved. She’s back where she started, although there’s no need to shed tears for one of the UK’s top executives in the deathstick business – she’s been paid roughly £30m in that time.One shoul
  
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• Fat cat pensions trimmed as FTSE firms bow to shareholders

  27-09-2019 10:24 via theguardian.com
  Investor pressure prompts four of 10 FTSE 100 firms to rein in big pension paymentsSome of Britain’s biggest firms have caved in to pressure from investors to curb big pension payments to top executives and close the gap with the rest of the workforce, research has found.Four out of 10 FTSE 100 companies have cut pension contributions to new or existing directors this year, according to a report by global advisory firm Willis Towers Watson. Continue reading...
  
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• Premium Bonds: How many prizes will be in October 2019 prize draw? NS&I reveals estimate

  27-09-2019 09:01 via feedproxy.google.com
  PREMIUM BONDS are entered into a monthly prize draw, with the October 2019 results approaching in the near future. NS&I has estimated how many prizes are up for grabs in October 2019.
  
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• How has Brexit vote affected the UK economy? September verdict

  27-09-2019 09:00 via theguardian.com
  Each month we look at key indicators to see what effect the Brexit process has had on growth, prosperity and tradeBrexit uncertainty pushes UK to bring of recessionAn expert looks at the dataContinue reading...
  
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• Tax on pension contributions: Thousands breached annual allowance - what's standard limit?

  27-09-2019 08:37 via feedproxy.google.com
  HMRC statistics released yesterday revealed that more than 37,300 pension scheme members exceeded their annual allowance in 2017-2018. The total value of pension contributions exceeding the allowance has risen since the previous year, reported through Self Assessment Return.
  
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• Tax code 1250L - do you have this tax code? HMRC explain what the number means

  27-09-2019 08:10 via feedproxy.google.com
  TAX CODE 1250L is the most common tax code in the 2019 to 2020 tax year. HM Revenue and Customs has explained how the number in tax codes are worked out.
  
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• State pension age is rising - how to find out your state pension age amid changes

  27-09-2019 08:09 via feedproxy.google.com
  STATE PENSION age is the age at which a person is able to start claiming their state pension. The state pension age is currently rising; how can one check their state pension age?
  
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• Nationwide’s 39% overdraft interest is ‘taking advantage’ of fees ban

  27-09-2019 08:00 via theguardian.com
  It is a totally disproportionate charge at a time when savings rates are below 2%Nationwide, my current account provider, states that as a result of the recent Financial Conduct Authority ban on overdraft fees from April 2020, all overdrafts on its current accounts will be charged a single fixed rate of 39.9% EAR/APR (variable) from 11 November 2019. Is this going to be the same for all banks and building societies? If so, it seems the sector is taking advantage of the ruling to introduce iniqui
  
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• Homes for sale in former factories – in pictures

  27-09-2019 08:00 via theguardian.com
  Build a future at these properties previously used to make products ranging from shoes to fighter planes Continue reading...
  
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• Five of the best mobile phones – whatever your budget

  27-09-2019 08:00 via theguardian.com
  You can get great phones at almost any price – here’s a guide to some of the best aroundWhen it comes to buying a new phone some enthusiasts reckon you need to spend £1,000-plus to buy a good one. But the truth is that you can get great phones at almost any price.With so many different brands, models and capabilities to choose from it can be difficult to know which to buy. So here’s a guide to some of the best phones at different price points, so you don’t end up bu
  
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• HMRC issues tax scam warning: Simple way you may be able to spot a scammer

  27-09-2019 05:00 via feedproxy.google.com
  HMRC has issued a tax refund scam warning. How can taxpayers differentiate between legitimate correspondence and that sent by a scammer?
  
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