Financial news

• Banking firm that owns Southern Water posts record profits

  05-05-2023 15:50
  
  Macquarie’s net profit is up 10% with top commodity trader landing A$58m through profit-share dealBusiness live – latest updatesThe Australian banking group that controls Southern Water, the utility company criticised for discharging sewage into the sea, has posted record profits after a boom in its commodities trading division.Macquarie, which owns a string of UK infrastructure assets, recorded an annual net profit of A$5.18bn (£2.8bn), up 10% on the previous year. The profits
  
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• Labour has no easy options over student loans, say education leaders

  05-05-2023 13:57
  
  Warning comes after party ditched its promise to abolish university tuition fees in EnglandUK politics live – latest updatesKeir Starmer has been warned that he has “no easy options” over student loans and higher education financing, after the Labour leader’s decision to scrap an earlier policy of abolishing tuition fees in England.Experts and education leaders who have advised or been consulted by Labour have told the party that universities face greater financial diffic
  
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• Staffordshire dog statues back in vogue with TikTok generation

  05-05-2023 13:13
  
  Younger collectors drive up prices of ‘kitsch’ ceramic animals as Victoriana look returns yet againPairs of Staffordshire ceramic dogs, once commonplace on Victorian mantelpieces, are having a sudden resurgence with a boom in demand from a new generation.The vintage marketplace Vinterior reports that searches for Staffordshire dog statues is up 115% year-on-year. When Vinterior launched a recent pop-up store in London’s Selfridges, it was the dogs not the Danish dining chairs t
  
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• Dragons’ Den business sold for £12.5million less than 12 months after appearing on show

  05-05-2023 10:21 via express.co.uk
  
  The Dragons' Den investors more than doubled on their investment when the company sold less than a year later - and the business has now expanded its services.
  
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• UK businesses face delays of up to 15 years for solar installations

  05-05-2023 10:20
  
  Committee of MPs says ‘dark cloud of delays’ hindering Britain from reaching renewable energy potentialBusinesses in the UK are facing waits of up to 15 years for solar installations on their homes due to a lack of grid connectivity, MPs have found.The environmental audit committee, which looks at green policies in government, has said there is a “dark cloud of delays” hindering the country from reaching its potential when it comes to renewable energy. Continue reading...
  
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• Recession warning: Interest rate rises 'sufficient enough' to start global economic crisis

  05-05-2023 09:36 via express.co.uk
  
  Interest rates have risen substantially for more than a year as central banks attempt to rein in inflation.
  
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• Homes for summer socialising – in pictures

  05-05-2023 08:00
  
  With more bank holidays on the way, these properties should give you space to entertain friends and family Continue reading...
  
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• Mortgages for new UK first-time buyers up ‘nearly £200 a month’ on a year ago

  05-05-2023 07:00
  
  Rightmove says rise due to higher home loan rates and record asking prices for propertiesNew first-time buyers are typically paying nearly £200 a month more on their mortgage than a year ago because of a combination of higher home loan rates and record asking prices for properties, new data shows.The figures from property website Rightmove underline the challenging conditions facing those hoping to get on to the UK housing ladder, with separate figures this week indicating that house price
  
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• Cost of the crown part 5: the coronation of Charles III – podcast

  05-05-2023 04:00
  
  Charles III will be crowned in Westminster Abbey on Saturday in a ceremony steeped in centuries of history. Jonathan Freedland examines what the event means to the modern-day UKIn a ceremony on Saturday steeped in history, King Charles III will finally receive the crown. At 74 years old, he will be the oldest monarch ever to take the throne. At the same age, his mother was gearing up for her golden jubilee. And as the Guardian columnist Jonathan Freedland tells Maeve McClenaghan, this means ther
  
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• Millions 'being taken advantage of' as Britons overpay for mobile phones by £530m a year

  05-05-2023 01:01 via express.co.uk
  
  Virgin Media O2 have issued an urgent warning as Britons are overpaying for their mobile phones by over £530million each year.
  
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• Facebook and WhatsApp owner urged by UK bank to act on fraud as scams soar

  05-05-2023 01:01
  
  TSB says 80% of cases in its main fraud categories come from scams on Meta platforms including InstagramMeta has been urged to take action to protect customers from fraud, after TSB said scams via the social media company’s platforms Facebook, WhatsApp and Instagram have soared.The UK bank said there had been a huge jump in the number of scams originating from Meta-owned sites and apps, releasing research that shows they now account for 80% of cases within TSB’s three largest fraud c
  
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