Financial news

• Light-touch competition policy hasn’t helped Australian mortgage holders. It’s time to get tough | John Quiggin

  21-02-2024 23:40
  
  Acquisitions such as ANZ’s of Suncorp should be presumed to be anticompetitive until proven otherwiseGet our morning and afternoon news emails, free app or daily news podcastJust two weeks after Prof Allan Fels reported on the extent of monopoly power and resultant price gouging, Australia’s supreme body on competition law has delivered its answer.The Australian competition tribunal has determined that the banking industry has all the competition we need and that no harm will be done
  
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• The Guardian view on Kemi Badenoch v the Post Office: a symptom of chronic shallowness | Editorial

  21-02-2024 20:32
  
  If the government had cared as much about Horizon victims as the business secretary claims, she would not be in a row about delayed compensationThere are few undisputed facts in the row between Kemi Badenoch, the business and trade secretary, and Henry Staunton, former chairman of the Post Office, over delayed compensation for post office operators. The central allegation is that the government wanted payment deferred so the cost would not have to be met this side of a general election.In reject
  
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• Humiliation for EU as France snubs Germany with businesses better off in Brexit Britain

  21-02-2024 19:32 via express.co.uk
  
  France has sided with French banks which backed UK-based clearing houses in a blow to Brussels' plot to lure business across the Channel after Brexit.
  
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• Four-day week made permanent for most UK firms in world’s biggest trial

  21-02-2024 18:41
  
  Research shows 51% that took part permanently adopted the change, while 89% still operating policy one year onMost of the UK companies that took part in the world’s biggest ever four-day working week trial have made the policy permanent, research shows.Of the 61 organisations that took part in a six-month UK pilot in 2022, 54 (89%) are still operating the policy a year later, and 31 (51%) have made the change permanent. Continue reading...
  
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• 'I'm a dad - my daughters will be millionaires by 30 thanks to a clever savings hack'

  21-02-2024 18:31 via express.co.uk
  
  A finance expert has revealed the steps he is taking to ensure his kids won't have to worry about money when they are older.
  
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• ISA millionaires double - and you don’t need to be a ‘savvy stock picker’ to become one

  21-02-2024 18:08 via express.co.uk
  
  Investment experts share the key to becoming an ISA millionaire - and it doesn't include taking "bold risks".
  
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• Inheritance tax revenue soars to £6.3bn but could give ‘headroom’ for Jeremy Hunt's budget

  21-02-2024 17:20 via express.co.uk
  
  HMRC raked in £400million more between April and January, compared to the same period a year prior.
  
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• Two more energy firms allowed to forcibly fit prepayment meters

  21-02-2024 15:33 via express.co.uk
  
  Ofgem has given E.On and Tru Energy permission to return to forcibly fitting prepayment meters after they were temporarily banned following a scandal around the practice.
  
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• First UK banknotes featuring Charles III to be released on 5 June

  21-02-2024 15:10
  
  Bank of England says any machine that handles UK banknotes must be updated to accept the new designsBanknotes featuring King Charles will be issued for the first time on 5 June, prompting the Bank of England to warn businesses that they need to make sure their machines are ready to accept them.The portrait of the king will appear on existing designs of all four UK banknotes – the £5, £10, £20 and £50. His image will be on the front and also in the see-through securi
  
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• Money Saving Expert tip to claim up to £200 free from banks including NatWest

  21-02-2024 14:48 via express.co.uk
  
  Britons can make between £175 and £200 with this tip from Martin Lewis's Money Saving Expert.
  
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• Eye-opening video shows gender stereotyping among children when it comes to careers

  21-02-2024 14:08 via express.co.uk
  
  Kids as young as seven believe that jobs like builders and mechanics are mainly for men - while women are typically nurses and hairdressers.
  
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• BT Tower: a history of the London landmark – in pictures

  21-02-2024 14:00
  
  The Grade II-listed building, once the tallest structure in the capital and famous for its revolving restaurant, has been sold to a US hotel group for £275mBT Tower to become hotel as London landmark soldShare your memories of the BT Tower Continue reading...
  
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• HSBC warning as key banking feature means future less certain than record profits suggest

  21-02-2024 13:47 via express.co.uk
  
  HSBC's pre-tax profits may have hit a record high but in reality "there are problems" that present "question marks" for the banking giant.
  
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• Is the car insurance industry driving up prices to take us for a ride?

  21-02-2024 08:00
  
  Premiums have soared but data appears to show numbers don’t add upCan you please investigate whether Britain’s car insurers are using the cost of living crisis as an excuse to push though unjustified, above-inflation premium increases?When I was complaining to a colleague, who works in the car insurance business, that insurance on my electric VW Golf had doubled, he sent me some claims data that appears to suggest the increase is completely unjustified. Continue reading...
  
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• From the archive: Penthouses and poor doors: how Europe’s ‘biggest regeneration project’ fell flat – podcast

  21-02-2024 06:00
  
  We are raiding the Guardian Long Read archives to bring you some classic pieces from years past, with new introductions from the authors.This week, from 2021: Few places have seen such turbocharged luxury development as Nine Elms in London. So why are prices tumbling, investors melting away and promises turning to dust? By Oliver Wainwright Continue reading...
  
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• DT Cloud Acquisition Corporation Prices $60 Million Initial Public Offering

  21-02-2024 02:25 via globenewswire.com
  
  New York, New York, Feb.20, 2024(GLOBE NEWSWIRE) -- DT Cloud Acquisition Corporation, a newly organized blank check company incorporated in the Cayman Islands as a business company (the “Company”), today announced the pricing of its initial public offering of 6 million units at an offering price of $10.00 per unit, with each unit consists of one ordinary share and one right. Each seven rights entitle the holder thereof to receive one ordinary share at the closing of a business combin
  
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• UK petrol and diesel prices jump following Houthi attacks

  21-02-2024 01:01
  
  Petrol is up 3.2p a litre and diesel 4p a litre as fuel tankers are forced to avoid the Suez canalThe cost of filling up a family car in the UK increased by about £2 this month as the jump in the oil price caused by the Red Sea attacks is felt at the pumps.In the three weeks to 18 February petrol increased by 3.2p to 143.4p a litre, while diesel rose by 4p to 152p, according to the RAC, which said this was “worrying” for motorists. Continue reading...
  
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