Financial news

• The future is delayed at Ocado (again) | Nils Pratley

  20-06-2024 19:26
  
  As shares drop by 12%, the ‘permanent shift to online grocery shopping’ its boss predicted during Covid looks absurdClose your eyes and you might have thought Ocado was announcing good news. Both its partners in North America, Kroger in the US and Sobeys in Canada, have announced “strong growth in digital sales” in their latest quarterly updates, the UK firm said excitedly.But, oh dear. What Thursday’s statement was really relaying was that Sobeys, like Kroger last
  
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• Pressure on Labour and Conservatives as tax gap hits £40bn

  20-06-2024 18:28
  
  Shortfall between tax owed and tax paid puts issue of avoidance in election spotlightThe gap between tax revenue the UK government expected to raise and the amount paid annually has hit £40bn, putting extra pressure on both main parties over their pledges to crack down on tax avoidance.HM Revenue and Customs (HMRC) said there was a shortfall of £39.8bn in the 2022-23 financial year, up from £38.1bn a year earlier. This represents 4.8% of the amount of tax theoretically due, dow
  
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• The rise of the aggro-rithm: can misogynistic content be stopped?

  20-06-2024 12:25
  
  With toxic, sexist content flooding the phones and devices of many teenage boys, we ask experts what can be done to break the cycleIf you’ve had the misfortune of stumbling across misogynist videos from influencers online, you’ll be aware how toxic this content can be. But did you know that more than two-thirds of boys aged 11 to 14 have been exposed to this kind of harmful, damaging “manosphere” content? Or that 70% of teachers noticed a rise in sexist language being use
  
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• ‘Everyone has internet access now’: five digital poverty myths, busted

  20-06-2024 12:25
  
  At its outset, the internet may have been seen as a ‘nice-to-have’ home luxury, however, in 2024 being digitally connected is an essential – those who aren’t online are being left behind …For many of us, the internet is now a mainstay of our waking hours. Whether at work or play; home or out and about; on our phones, laptops or desktops, many millions of us are almost constantly connected – and we assume that it’s the same for everyone else.But the real
  
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• TikTok warning as nearly 90% of financial advice on app could be 'misleading'

  20-06-2024 11:18 via express.co.uk
  
  Content creators producing advice-led content on TikTok rarely encourage viewers to do their own financial research, according to new research.
  
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• Indian rupee plunges to all-time low against US dollar as 0.2% drop devastates currency

  20-06-2024 11:18 via express.co.uk
  
  The currency dropped down 0.2 percent to a 83.6188 compared to the dollar.
  
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• Economist suggests storing grain to prepare for next global emergency

  20-06-2024 11:00
  
  Isabella Weber, who linked corporate profits to inflation, shares how to prevent food shortages – and price gougingTell us: how has inflation changed the way you grocery shop?Isabella Weber, the economist who ignited controversy with a bold proposal to implement strategic price controls at the peak of inflation and identified corporate profits as a driver of high prices, has proposed a new measure that could prevent food shortages and price gouging in the wake of another disruption of the
  
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• Debt bombshell as Britons expected to borrow an extra £1,660 this year to fund essentials

  20-06-2024 10:16 via express.co.uk
  
  The increase comes as millions of people continue to rely on debt to cover essentials, from food to utility bills, to cope with the cost of living squeeze.
  
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• Fifth of Britons have had no pay rise since start of cost-of-living crisis, survey says

  20-06-2024 10:11 via express.co.uk
  
  Jobs site Indeed said its survey of 2,000 people also found that more than two in five revealed they were struggling to make ends meet, as Britons call for change.
  
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• Martin Lewis tells money savers to act now for £100 bonus - how to get free cash

  20-06-2024 10:01 via express.co.uk
  
  The recent MoneySavingExpert.com newsletter has shared a money-making hack for people who have certain saving pots.
  
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• Energy bills guru tells customers to make sure they do one thing on June 30

  20-06-2024 09:53 via express.co.uk
  
  As the energy price cap falls by seven percent in July, households across the UK are being urged to submit meter readings before the changes come into effect.
  
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• Planes spray-painted at UK airfield where Just Stop Oil says Taylor Swift jet landed – video

  20-06-2024 09:44
  
  Just Stop Oil activists have sprayed two jets with orange paint at a private airfield in Stansted where they say Taylor Swift's plane landed before her shows at Wembley stadium. The group said on X: 'Private jet users are responsible for up to 40x as much carbon emissions compared with a commercial flight'. The previous day, Just Stop Oil protesters sprayed Stonehenge with orange powder paint before the summer solsticeStonehenge sprayed with orange powder paint by Just Stop Oil activists Continu
  
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• Sainsbury's sells most of its banking arm to NatWest as part of new deal

  20-06-2024 09:19 via express.co.uk
  
  Supermarket giant Sainsbury's has offloaded the bulk of its banking business to NatWest in a deal that will see the lending giant take on around another million customer accounts.
  
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• Earnings of £60,600 required for first-time buyers in UK, Zoopla analysis shows

  20-06-2024 09:12 via express.co.uk
  
  Zoopla estimated that the typical first-time buyer needs earnings of £60,600 - which it said is £14,900 more than five years ago and £2,400 more than a year ago.
  
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• Fears Bank of England will hold off cutting base rate in blow to borrowers

  20-06-2024 09:04 via express.co.uk
  
  The bank's Monetary Policy Committee is expected to vote in favour of leaving the base rate at 5.25 percent, a 16-year high, as it does not want to be seen to be influencing the general election.
  
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