Financial news

• Kellogg’s recalls chocolate cornflakes due to ‘hard lumps’ choking fears

  23-05-2024 19:59
  
  People who bought newly launched cereal that falls within four-month best before period told to throw it away and get refundKellogg’s is recalling boxes of its new chocolate cornflakes due to concerns they contain “hard lumps” that could cause damage to teeth or be a choking hazard.The cereal brand has asked people who bought the packs to dispose of them “as a precaution” after the problem was discovered. Continue reading...
  
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• Forget Thames Water, National Grid has proved investors will still back UK assets | Nils Pratley

  23-05-2024 19:23
  
  The infrastructure company easily raised almost £7bn in a rights issue – because it has its balance sheet in order and plans to investSo much for the idea that the woes of the water sector, and Thames Water in particular, would kill investors’ appetite for all British infrastructure assets. Here comes National Grid, which will probably be the UK’s biggest-spending infrastructure company over the next decade, with a mammoth fundraising that would not be possible if the sti
  
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• ‘Mild positive’: markets greet prospect of Labour landslide with calm

  23-05-2024 17:42
  
  Financial indexes barely flickered as the election was announced, suggesting Starmer’s move to woo the City has been a successFive years ago, the prospect of a landslide Labour election victory might have been expected to prompt at least some anxiety in financial markets. In a sign of how successful Keir Starmer’s campaign to woo the City and move his party’s position to the centre has been, markets barely budged in response to news that a vote would be held this summer.The FTS
  
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• Morrisons workers strike at two warehouses amid pensions row

  23-05-2024 14:55
  
  Unite union says workers are being ‘fleeced’ by supermarket’s changes to pension contribution rules• Business live – latest updatesAlmost 1,000 workers at two Morrisons warehouses will strike for the next three days over a cut in company contributions to their pensions which they say is worth up to £10m a year.The warehouse stock controllers, cooks, canteen staff, and administrators at the sites in Gadbrook, Cheshire, and Wakefield, West Yorkshire, who earn bet
  
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• Martin Lewis warns millions of savers to ditch savings accounts for better options

  23-05-2024 14:22 via express.co.uk
  
  Martin Lewis has urged people to take advantage of the higher savings as they could soon start to drop.
  
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• New fee structure proposed for claims management companies by Financial Ombudsman Service

  23-05-2024 14:14 via express.co.uk
  
  The Financial Ombudsman Service has proposed new charges for CMCs to lodge a case, in a bid to make its fee model fairer.
  
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• Premium Bonds saver disappointed as they win nothing in 55 years - NS&I responds

  23-05-2024 13:49 via express.co.uk
  
  Each £1 Bond has an equal chance of winning in the monthly prize draw.
  
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• Bank relaunches savings account with 'excellent' 5.35% interest rate

  23-05-2024 13:06 via express.co.uk
  
  The new interest rate is now leading the notice savings accounts market.
  
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• How WASPI women DWP compensation campaign is affected by General Election

  23-05-2024 12:52 via express.co.uk
  
  EXCLUSIVE: WASPI chief Angela Madden has spoken to the Express about the implications of Rishi Sunak's decision to call a General Election.
  
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• Smart meter warning issued over faulty devices failing to cut energy bills

  23-05-2024 12:28 via express.co.uk
  
  Smart meters are seen as an important part of the transition to net zero as they allow homeowners to more easily track their energy use and take steps to reduce consumption.
  
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• ‘Sorry, no one is in’: few are at home for Margaret Hodge’s ‘kleptocracy walking tour’

  23-05-2024 12:27
  
  Campaigning Labour MP knocks on doors of wealthy London homes bought by foreign leaders who are subject to sanctionsMargaret Hodge, the veteran Labour MP and former minister, is on a mission to knock on the doors of multimillion-pound London properties.The luxury homes she is calling on are linked to the Russian foreign minister, Sergei Lavrov, and the Azerbaijani president, Ilham Aliyev, in gated communities in Kensington, west London, and closely guarded by private security. Continue reading..
  
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• TSB launches new deal offering free £160 to customers on this one condition

  23-05-2024 12:18 via express.co.uk
  
  Eligible TSB customers can also choose a reward, from free hotel stays to cinema tickets.
  
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• In the early hours of a motorway service station, I learned that the 24-hour city is over | Adrian Chiles

  23-05-2024 12:00
  
  The M&S was shut. The Costa was shut. Burger King, Greggs and KFC were shut too. Maybe us humans just weren’t designed to stay up all nightLeigh Delamere Services (Westbound) on the M4 in the early hours of last Saturday morning. Bleak. Really bleak. I was on a long drive home from an important football match my team had lost. What I needed was a cuddle, but that was hours away. In the meantime, I’d have to settle for something to eat and, if at all possible, a not unfriendly fac
  
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• Energy prices 'to remain high and volatile for the foreseeable future', warns Ofgem

  23-05-2024 11:32 via express.co.uk
  
  New data shows customer bad debt has increased by 50% in the past year, costing the industry £3billion, as Ofgem warns energy prices are set to remain high and volatile.
  
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• Nine in 10 savings deals now beat inflation - but these are top eight accounts today

  23-05-2024 11:14 via express.co.uk
  
  As many as 1,558 savings accounts are offering inflation-beating returns.
  
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• Mortgage blow as BoE will REFUSE to cut interest rates as general election looms

  23-05-2024 11:01 via express.co.uk
  
  Yesterday's sharp inflation drop was good news for homeowners as it brought the first interest rate cut that bit closer. What happened next was a nightmare.
  
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• Buying London is grotesque TV – but it shows the capital’s property market for what it is | Elle Hunt

  23-05-2024 11:00
  
  Netflix’s distasteful ‘reality’ series holds up a gilded mirror to the people making the city harder for the rest of us to live inWhen I first arrived in London, seven years ago, I used to enjoy stopping outside estate agents’ offices and browsing the listings in the window. Though they were almost always ludicrously out of reach, there was idle pleasure to be had in seeing what you could get for £5m v £10m, and debating with yourself the merits of a home spa
  
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• National Grid taps shareholders to help fund £60bn low-carbon energy switch

  23-05-2024 10:40
  
  Infrastructure firm raises £6.8bn to connect homes to renewable energy sources across US and UKNational Grid has tapped shareholders for nearly £7bn to fund a £60bn spending spree to upgrade its networks to cope with the switch to low-carbon energy on either side of the Atlantic.The energy infrastructure company announced a £6.8bn rights issue – where existing shareholders are offered new shares – to provide fresh funds for investment in thousands of miles of
  
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• Martin Lewis warning not to do one thing when holidaying abroad this summer

  23-05-2024 09:59 via express.co.uk
  
  The founder of Money Saving Expert says there's one thing Britons need to think about before they spend abroad.
  
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• British Gas launches new energy bills deal to save households up to £450 a year

  23-05-2024 09:08 via express.co.uk
  
  The new deal aims to "help customers pockets as well as the planet".
  
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• Google Pixel 8a review: new Android mid-range champion

  23-05-2024 08:00
  
  Top camera, chip, seven years of updates and advanced Google AI tools beats the competitionGoogle’s latest mid-range A-series Pixel handset steps it up a notch, bringing almost every feature from its high-end phones down to a more affordable price, including the latest AI and camera tricks.The Pixel 8a starts at £499 (€549/$499/A$849). That may be £50 more than last year’s 7a, but the new model improves just about everything, and undercuts the Pixel 8 by £200.S
  
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• Almost a third of household smart meters not working properly, says Citizens Advice

  23-05-2024 01:01
  
  Charity says tech problems and poor customer service mean millions in Great Britain missing out on promised benefitsThe number of gas and electricity smart meters that are not working properly is likely to be higher than government figures suggest – possibly 20% to 30% of the total – according to research from Citizens Advice.The charity said millions of households were missing out on the promised benefits from smart meters due to “problems with technology” and poor suppl
  
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