Financial news

• Martin Lewis warns state pensioners to look out for letter as they could be owed thousands

  19-10-2023 20:22 via express.co.uk
  
  The issue mainly affects women who were missing an important entitlement on their National Insurance record.
  
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• 'Use this secret Tesco money-saving hack - it will blow your mind'

  19-10-2023 19:51 via express.co.uk
  
  Shoppers at retailers, such as Tesco, are looking for discounts which will provide big savings for households.
  
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• Cryptocurrency firms sued over ‘$1bn investor fraud’ by New York state

  19-10-2023 19:21
  
  Attorney general Letitia James brings lawsuit against Genesis Global – and parent DCG – and GeminiThe New York attorney general, Letitia James, on Thursday sued the cryptocurrency firms Genesis Global, and its parent company Digital Currency Group (DCG), and the Winklevoss twins’ Gemini for allegedly “defrauding” investors of more than $1bn.At the heart of the lawsuit is a program Gemini ran in partnership with Genesis. Dubbed “Gemini Earn”, the program
  
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• Train strikes in England could continue for six months after union vote

  19-10-2023 19:09
  
  Backing of 90% of RMT members gives leverage for improved offer, says union leader Mick LynchRail workers at English train operating companies have voted overwhelming for another six months of potential strikes, the RMT union announced.More than 20,000 union members were balloted across the 14 companies contracted to the Department for Transport, with 90% voting to give the union a continued mandate for strikes, on a 64% turnout. Continue reading...
  
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• 'Watch out - mistake no one is telling you about your pension is costing you thousands'

  19-10-2023 18:21 via express.co.uk
  
  Britons are looking for pension advice which can help boost their savings ahead of retirement.
  
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• Beyoncé’s ex-manager fights ejection from his music royalties fund

  19-10-2023 17:33
  
  Merck Mercuriadis promised to turn songs into gold on launching Hipgnosis. Now, a review could see him oustedDividend shocker shows need for robust governance at HipgnosisThe music mogul who acquired the back catalogues of stars from Beyoncé to Red Hot Chili Peppers and vowed to turn song royalties into an investment as dependable as gold faces eviction from his own company in a boardroom coup.Merck Mercuriadis, a former manager of acts including Elton John, Iron Maiden, Guns N’ Ros
  
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• 'I'm an entrepreneur - you should try this free six-figure T-shirt side hustle'

  19-10-2023 17:29 via express.co.uk
  
  People are taking on side hustles to bolster their income and potentially bring in a six-figure salary or more.
  
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• State pension to rise by 8.5 percent but retirees still ‘keeping heads above water’

  19-10-2023 17:12 via express.co.uk
  
  Retirees will be awarded a significant hike to their state pensions next year but for many, it may not be enough to combat the cost of living.
  
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• English winemakers expecting record crop after ‘exceptional’ conditions

  19-10-2023 16:44
  
  Trade body for England and Wales says 2023 shaping up to be high-quality, high-volume vintage as industry expandsMany English winemakers say they are expecting to harvest their biggest ever crop over the next few weeks as a combination of favourable weather conditions and expansion boosts production.Gusbourne, the Kent-based producer and one of the first major wineries to complete its harvest, said it had gathered its largest ever crop, up 25% on last year. Continue reading...
  
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• Tell us: have you experienced an extreme mail delivery delay?

  19-10-2023 16:43
  
  We would like to hear your stories of lost mail that was delivered much later than expectedWe would like to hear your stories of mail that was delivered much later than expected. Has a parcel or envelope arrived many months or even years after it was posted? Tell us all about it using the form below. Continue reading...
  
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• UK fiscal watchdog admits ‘genuine errors’ in inflation forecasting

  19-10-2023 16:36
  
  OBR says it underestimated strength and persistence of inflation as well as impact of high energy pricesThe Treasury’s independent economic forecaster has admitted it underestimated the scale of the inflation shock sparked by the Covid pandemic and Russia’s invasion of Ukraine.Blaming the rapid succession of shocks hitting the economy, the Office for Budget Responsibility said it “significantly underestimated the strength and persistence of inflation”. Continue reading...
  
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• EU raises security concerns as it reveals five Caribbean states have sold 88,000 ‘golden passports’

  19-10-2023 16:33
  
  European Commission says it will revise rules on visa-free travel after scale of trade in citizenship exposedRevealed: thousands who bought ‘golden passports’ through Dominica’s $1bn schemeLuxury rooms and a swim-up bar: hotel with funding from Dominica’s golden passport schemeThe EU has raised security concerns about the trade in “golden passports” and vowed to tighten visa controls after revealing five Caribbean states have sold citizenship to 88,000 individ
  
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• State pension: Why you could get more than 8.5% increase next April

  19-10-2023 16:26 via express.co.uk
  
  EXCLUSIVE: Pensioners may see their payments increase by more than expected because of how the increase is calculated.
  
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• London bus operator Arriva bought by US private equity firm

  19-10-2023 15:49
  
  Deutsche Bahn offloads company to I Squared in deal worth £1.4bn, three years after putting it up for saleGermany’s terrible trains are no joke for a nation built on efficiencyThe London red bus operator Arriva has been snapped up by US infrastructure investor I Squared in a deal believed to be worth about €1.6bn (£1.4bn).Arriva was put up for sale in 2019 by its German owner, Deutsche Bahn, which had originally sought to offload the company to reduce its own debts. Contin
  
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• World’s most expensive dram: bottle of 1926 Macallan whisky could fetch £1.2m

  19-10-2023 14:19
  
  Only 40 bottles of Adami 1926 were produced – but eventual buyer is unlikely to ever taste itAva Gardner, Winston Churchill and Mark Twain all understood the importance of a good bottle of whisky.But even they might balk at the price of a 97-year-old bottle of Macallan to be sold at Sotheby’s in London, which the auction house is estimating could fetch £1.2m. Continue reading...
  
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• I have a new job, but the thought of universal credit still gives me anxiety | Sharron Spice

  19-10-2023 14:00
  
  Jeremy Hunt’s plans to toughen the rules for universal credit are nonsensical: 40% of claimants are already in workI have a new job, starting next week, as a youth worker. I’m glad because it’s a good role, and I have had a tight couple of months after the last one I was doing – working with young people who are at risk of becoming involved with county lines activities – came to an end.On the subject of youth work, I felt let down by Rishi Sunak’s speech at th
  
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• China’s Country Garden risks default after ‘missing bond payment’

  19-10-2023 13:42
  
  Property developer denies claims founder and chair have left country amid reports it missed key deadlineThe crisis in China’s property sector deepened as Country Garden, the country’s biggest developer by sales, reportedly missed its final deadline for an interest payment on a dollar bond, putting it at risk of default.The company, which has about $200bn (£163bn) in liabilities and nearly $11bn in dollar-denominated offshore bonds, was due to make a $15.4m coupon repayment this
  
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• Why own a newspaper in 2023? Ask the very rich men trying to buy the Telegraph | Jane Martinson

  19-10-2023 13:00
  
  With debts of £1bn, this isn’t some ordinary financial asset. The desire to own the papers says more about power than profitSo much has changed in the generation since the Telegraph newspapers and the Spectator magazine were last put up for sale in 2004, including how much money they make. Yet one constant remains: the desire of very rich men to own them.At least a dozen bidders have emerged as potential buyers in an auction meant to kick off this week, while the most recent owners h
  
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• TransPennine Express to cut 20 services a day between Leeds and Manchester

  19-10-2023 12:49
  
  Passengers warned of fewer services and more crowded trains as rail firm seeks to ‘reset’ its operationsRail passengers in the north have been warned of fewer services and potentially more crowded trains after TransPennine Express said it would cut its timetable further in December.About 20 services a day between Leeds and Manchester will be taken out of the schedule as the firm seeks to “reset” its struggling operations. Continue reading...
  
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• NatWest warning as 10 scams become 'increasingly harder to spot' - victims lose up to £5k

  19-10-2023 12:13 via express.co.uk
  
  NatWest data has shown that victims of these scams can lose up to £5,000 each.
  
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• Nokia to cut up to 14,000 jobs after profits plunge

  19-10-2023 10:57
  
  Finnish telecoms group aims to cut costs as demand for mobile network equipment slumpsBusiness live – latest updatesNokia has announced plans to cut up to 14,000 jobs over the next three years as it slashes costs after a worse-than-expected slump in demand for its mobile network equipment.The Finnish technology company said the plans to cut 16% of its 86,000-strong global workforce were part of efforts to cut costs by €1.2bn by the end of 2026. The cuts were announced as the company r
  
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• Pension warning as income tax to grip thousands more if state pension rises by 8.5%

  19-10-2023 10:55 via express.co.uk
  
  Millions of state pensioners with only a small amount of extra income will be income tax payers next year if the state pension rises by 8.5 percent.
  
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• Wizz Air piled pain on to my daughter’s tragic loss

  19-10-2023 08:00
  
  She was forced to cancel a trip with the airline after her boyfriend was killed in a road accident, but it would only refund a third of the costMy daughter and her 19-year-old boyfriend booked a trip with Wizz Air. Sadly her boyfriend was killed in a car accident eight days before their departure. My daughter understandably cancelled the trip. She sent Wizz Air the death certificate, but it says it will only refund a third of the £322.93 cost. The whole process has been deeply distressing
  
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• Pensioner income tax blow as bills hit £5,300 with more to come. Fight back now

  19-10-2023 08:00 via express.co.uk
  
  Tax experts are urging pensioners to do all they can reduce their exposure to HMRC as new figures show retired household will pay an extra £347 a year in direct taxes this year. The burden is only going to rise.
  
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• Fears of employee displacement as Amazon brings robots into warehouses

  19-10-2023 07:00
  
  Digit will begin its time on the floor by shifting empty tote boxes amid concerns humans will be shifted out of jobsAmazon is experimenting with a humanoid robot as the technology company increasingly seeks to automate its warehouses.It has started testing Digit, a two-legged ​robot that can grasp and lift items, at facilities this week. The device is first being used to shift empty tote boxes. Continue reading...
  
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