Financial news

• Apple delays launch of AI-powered features in Europe, blaming EU rules

  21-06-2024 21:01
  
  Apple says competition rules that require functionality with rival products would compromise privacy and securityApple will delay launching three new artificial intelligence features in Europe because European Union competition rules require the company ensure that rival products and services can function with its devices. The features will launch in the fall in the US but will not arrive in Europe until 2025.The company said on Friday three features – Phone Mirroring, SharePlay Screen Sha
  
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• Martin Lewis offers three clues on how to turn an idea into a multi-million pound business

  21-06-2024 18:44 via express.co.uk
  
  As someone who turned an idea and a laptop into a £100million plus fortune through his moneysavingexpert.com website, he is well placed to serve as an inspiration to entrepreneurs.
  
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• UK consumers seek £382m from salmon producers in price-fixing case

  21-06-2024 18:30
  
  Law firm’s case against six Norwegian-owned fish companies is over alleged breaches of competition lawA legal firm is seeking £382m on behalf of British consumers from some of the world’s largest salmon producers, which are accused of price fixing.Legal action filed this week at the competition appeal tribunal said UK consumers overpaid for at least four years because of alleged breaches of competition law by the fish firms Mowi and its subsidiary Mowi Holdings, SalMar, Ler&osl
  
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• Former post office operators’ leader denies ‘betraying’ his membership

  21-06-2024 18:15
  
  George Thomson tells inquiry he was ‘too trusting’ of Post Office bosses about faulty Horizon IT systemThe former leader of an association representing post office operators has told a public inquiry that he was “too trusting” of information given by the Post Office about its faulty Horizon IT system, but he denied being “too close” to the state-owned body and “betraying” his own membership.George Thomson, a former general secretary of the National
  
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• Steelworkers to strike over Tata’s plans to cut 2,800 jobs in south Wales

  21-06-2024 16:39
  
  Unite members in Port Talbot and Llanwern to stage first strike in 40 years, which union says will hit UK operationsAbout 1,500 Tata Steel workers at two south Wales steelworks are to begin strike action next month in protest at the company’s plans to cut 2,800 jobs and close its blast furnaces.The situation has become a general election issue, with Labour calling for Tata to halt its plans and wait until after the 4 July vote to engage in talks with the government, saying there is a &ldqu
  
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• Labour drafts options for wealth taxes to ‘unlock’ funds for public services

  21-06-2024 16:28
  
  Exclusive: Sources say changes to inheritance tax and capital gains tax are being discussedThe Labour party has been drawing up options for how it could raise money through extra wealth taxes to help rebuild Britain’s public services if it wins the general election, according to sources who have spoken to the Guardian.The proposals under consideration include increases in capital gains tax (CGT), first revealed by the Guardian two weeks ago, that could raise £8bn. Continue reading...
  
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• 580,000 glass coffee mugs recalled due to US warning they could shatter with hot liquid

  21-06-2024 15:26
  
  Declan single-wall glass coffee mugs recalled due to 103 incidents of glasses breaking, resulting in 56 injuriesMore than half a million glass coffee mugs are being recalled across the US after a government warning that they could shatter on contact with hot liquid and cause serious injuries.“Consumers should immediately stop using the recalled coffee glasses,” the Consumer Product Safety Commission said in a statement. Continue reading...
  
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• Martin Lewis issues 'act now' warning to everyone who has booked summer holiday

  21-06-2024 15:14 via express.co.uk
  
  The founder of moneysavingexpert.com has put together "crucial" advice to save Brits hundreds of pounds while travelling.
  
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• Billionaire first to reach $100m in election donations – to Trump and RFK Jr

  21-06-2024 14:50
  
  Tim Mellon, who said US safety net was ‘slavery redux’, has now given $75m to Trump and $25m to support RFK JrBillionaire banking heir Tim Mellon gave $50m to Donald Trump’s election campaign after the former US president’s hush-money trial in New York, a sum that significantly boosted Trump’s post-conviction cash haul.Mellon, a reclusive scion of the banking dynasty founded in America’s gilded age, gave the sum to Trump’s political action committee Make
  
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• Hope Education Project launches drive to combat young people trafficking in West Africa

  21-06-2024 14:18 via express.co.uk
  
  The promise of a decent job and the chance to help their family - no wonder young people in struggling corners of the world don't stand a chance and fall for traffickers' brutal deceptions that leave them enslaved and desperate. But can education and empowerment stop the scandalous waste and injustice before it is too late? That's focus of the Hope Education Project , a pioneering initiative in Ghana, West Africa, dedicated to stopping the flow of vulnerable young exploited by traffickers both n
  
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• Whoever wins the French elections must beware of the markets

  21-06-2024 13:35
  
  France’s economy minister name-checked Liz Truss as he sought to warn voters of the risks of voting for RN“It’s a big deal, of course it’s a big deal,” says Sophie Montanari, emerging from the Métro at Notre Dame de Lorette in central Paris to talk about her struggles to make ends meet.“We never used to have trouble at the end of the month. Now we do. It’ll certainly influence our vote.” Continue reading...
  
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• Why are the Tories collapsing? These true-blue towns know the answers - video

  21-06-2024 13:29
  
  In the latest episode of Anywhere but Westminster, John Harris and John Domokos go to Woking, Guildford and Aldershot. Most of England's south-east used to be loyally Conservative - now, however, people in the "blue wall" are struggling, cuts are biting, and Toryism today is leaving younger voters behind. Continue reading...
  
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• State pension triple lock warning as millions 'will still pay tax' under new plan

  21-06-2024 12:57 via express.co.uk
  
  The Conservative manifesto includes a 'triple lock plus' proposal which is supposed to protect people on the state pension from paying income tax.
  
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• British Gas, EDF, OVO and Octopus customers warned they must 'act' by Sunday

  21-06-2024 12:36 via express.co.uk
  
  Money saving expert Martin Lewis has issued an urgent warning to energy customers who are either with British Gas, EDF, OVO or Octopus to act before this Sunday.
  
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• Octopus Energy to repay £3bn of state support used to take over Bulb

  21-06-2024 12:34
  
  The reimbursement, part of the terms of the takeover, means the 2021 bailout cost the public almost nothingBusiness live – latest updatesOctopus Energy is poised to repay the UK government almost £3bn to cover the state support it received to take over the collapsed energy supplier Bulb.Octopus will reimburse the government by September in a move that will enable the Treasury to effectively claw back almost all the costs of temporarily nationalising Bulb. Continue reading...
  
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• Martin Lewis sends warning to everyone with £10,000 in their bank accounts

  21-06-2024 12:29 via express.co.uk
  
  The Money Saving Expert founder has shared a 'money making hack' that will give you a free £100 in your bank account - but you'll need to act fast before the deadline.
  
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• Confidence increasing despite cost-of-living crisis due to optimism in economy

  21-06-2024 12:19 via express.co.uk
  
  GfK's long-running Consumer Confidence Index rose by three points in June.
  
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• HMRC forced to almost double total pay-outs to workers over poor service and distress

  21-06-2024 12:10 via express.co.uk
  
  The data suggests the taxman paid out a total of £718,000 in 2022-23, which was up from £371,000 the previous year.
  
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• Britain’s millionaires are fleeing. Good night and good luck, I say | Nels Abbey

  21-06-2024 12:00
  
  If the UK seems less attractive to rich people who crave sunny tax havens, so be itDear Mr and & Mrs Loadsadosh,I see you are leaving us. According to the people whose job it is to count our resident millionaires (proper millionaires, not just the couple with a gentrified house in Hackney), you’re upping sticks and heading to places more amenable.Nels Abbey is a writer, broadcaster and former banker. He is the author of Hip-Hop MBA: Lessons in Cut-Throat Capitalism from Rap’s Mog
  
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• Informa's revenue jumps to £1.4 billion with Microsoft AI deal boosting global event sales

  21-06-2024 11:21 via express.co.uk
  
  The FTSE 100-listed company said strong demand for live events around the world had helped generate revenues of about £1.4 billion over the first five months of the year.
  
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• Sellafield pleads guilty to criminal charges over cybersecurity failings

  21-06-2024 11:15
  
  UK nuclear site pleads guilty to IT security breaches from 2019 to 2023The UK’s most hazardous nuclear site, Sellafield, has pleaded guilty to criminal charges related to cybersecurity failings brought by the industry regulator.Lawyers acting for Sellafield told Westminster magistrates’ court on Thursday that cybersecurity requirements were “not sufficiently adhered to for a period” at the vast nuclear waste dump in Cumbria.
  The charges relate to information technology se
  
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• Drinks maker Britvic rejects £3.1bn takeover offer from Carlsberg

  21-06-2024 11:02
  
  Shares in J2O and Robinsons squash maker rise on news firm rebuffed two proposals from CarlsbergBusiness live – latest updatesBritvic, the UK soft drinks maker, has rejected a £3.1bn takeover proposal by Carlsberg Group, the Danish brewer, which it said undervalued the company.Britvic shares jumped on Friday after the drinks company, whose brands include J20 and Robinsons, said Carlsberg had made two takeover proposals this month, with the last cash offer at £12.50 a share. Sha
  
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• Warmer weather and falling UK inflation lift retail sales

  21-06-2024 09:24
  
  ONS says most retailers enjoyed a better month in May, with increases in clothing and household goodsBusiness live – latest updatesSpending in shops and online bounced back strongly last month as better weather, falling inflation and rising consumer confidence boosted spending.The monthly update from the Office for National Statistics showed the volume of retail sales rose by 2.9% in May, after a weather-affected drop of 1.8% in April. Continue reading...
  
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• ‘People have gone bust’: the small business owners struggling to pay back Covid loans

  21-06-2024 08:36
  
  Four years after the pandemic, firms say rising costs mean they need longer to pay back money from the governmentJess Christman, who runs a Scottish timber business, recalls that banks were “throwing money” at him during the Covid-19 pandemic as Rishi Sunak, then the chancellor, sought to help small companies stave off collapse.Christman, who runs Black Isle Firewood, near Inverness, which produces firewood and sawn timber and huts for the tourism market, ended up taking out a govern
  
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• Skinny homes for sale in England – in pictures

  21-06-2024 08:22
  
  From an elegant Kent property with views over fields and sea to a Norfolk bolthole with a deceptively small facade Continue reading...
  
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• Plusnet mobile customers told to switch within weeks or lose number

  21-06-2024 08:00
  
  BT Group-owned provider has already ditched its TV service and will become a broadband-only supplierPlusnet customers who use the broadband firm’s mobile phone service have just weeks left to either switch to another provider, or face losing their mobile number.In May, Plusnet, which is part of BT, confirmed it was closing its mobile phone division, as EE takes over as BT’s main mobile brand. Continue reading...
  
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• How a disastrous Tory policy blew up the housing market

  21-06-2024 07:00
  
  In the second instalment of a special series on the emblems of Tory Britain, Oliver Wainwright looks at help to buy, a scheme that cost billions, pushed up prices, did almost nothing for new buyers – but made house builders a lot of moneyWith a penthouse in Santa Monica, a rambling Georgian manor in North Yorkshire and a five-bedroom mews house in Kensington, Rishi Sunak knows a thing or two about the joys of home ownership. “I want everyone to feel what I felt when I got the keys to
  
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• Sarah Hanson-Young takes on News Corp chair over Greens-Hitler comparisons – video

  21-06-2024 05:29
  
  During a parliamentary inquiry into social media and Australian society, the Greens senator Sarah Hanson-Young asked the executive chairman of News Corp Australia, Michael Miller, whether referring to the Greens as ‘anti-semitic’ and calling Adam Bandt ‘hitler’ helps to build social cohesion in the community. Hanson-Young said Miller has to take some responsibility for the 'hysteria' published in his newspapers. 'I’m not going to argue today over something which you
  
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