Financial news

• Uber and Lyft agree to minimum pay and benefits for Massachusetts drivers

  28-06-2024 22:23
  
  Ride-share companies sign off on $175m settlement that will give workers paid sick leave and other protectionsUber and Lyft drivers will be guaranteed among the highest wages in the US for ride-share workers under a historic deal agreed with Massachusetts prosecutors.Andrea Campbell, the state’s attorney general, and the two companies agreed to a $175m settlement Thursday evening that requires a minimum pay floor of $32.50 per hour, and introduces a slew of other benefits and protections t
  
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• Google’s biotech company pulls out of Israel but says Gaza war not the reason

  28-06-2024 20:58
  
  Exclusive: Verily says it is refocusing on core products and cutting costs three years after opening research centers in Haifa and Tel AvivGoogle’s health and data company, Verily, is closing its operations in Israel three years after opening a research and development center in the country. Verily staff in Israel are expected to leave by the third quarter of 2024. The company cited an effort to refocus its strategy on core products and projects as the reason for the closure.“As part
  
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• Thames Water board approved £150m payout hours before funding U-turn

  28-06-2024 20:04
  
  Exclusive: Ofwat to investigate circumstances around payment of dividend to intermediate parent companyThe board of Thames Water agreed to pay a £150m dividend hours before its shareholders U-turned on plans to pump emergency funding into the struggling water supplier, the Guardian can reveal.The water industry regulator was examining the decision by the debt-laden company’s board to sign off the payout at a meeting on 27 March, sources said. Continue reading...
  
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• Parents face tax confusion over children's savings accounts as money expert explains

  28-06-2024 18:42 via express.co.uk
  
  Parents putting money away for their children should be aware of a tax rule which could see them having to pay tax on the interest accrued in certain accounts.
  
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• Martin Lewis lets slip ‘unbeatable’ method to legally avoid tax on savings

  28-06-2024 18:01 via express.co.uk
  
  Martin Lewis says you can get a Nationwide savings deal now and then avoid paying tax on the interest.
  
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• Cost of living crisis leaves 4 in 10 Brits unable to cover 3 months of living expenses

  28-06-2024 15:30 via express.co.uk
  
  Just over a third of Brits have less than £500 in savings, according to new research.
  
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• Post Office scandal: ex-Fujitsu engineer accused of ‘hiding’ IT problems

  28-06-2024 15:25
  
  Lawyers acting for victims of Horizon IT scandal accuse Gareth Jenkins of protecting ‘out of control monster’A former Fujitsu engineer has been accused by a lawyer acting for victims of the Post Office scandal of “hiding” problems with the Horizon IT system to protect the “out of control monster”, a public inquiry heard.Gareth Jenkins, formerly a senior engineer at Fujitsu, which developed the Horizon IT system, faced tough questioning by lawyers acting for po
  
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• Dozens of Just Stop Oil activists arrested on suspicion of planning to disrupt airports

  28-06-2024 15:06
  
  ‘Several high-profile members’ among 27 supporters of climate group arrested across England, say policeTwenty-seven Just Stop Oil supporters have been arrested on suspicion of planning to disrupt airports this summer, the Metropolitan police have said.Arrests were made in London, Gloucestershire, Oxfordshire, Devon, Essex, Manchester, Surrey, Sussex, Norfolk and West Yorkshire, the force said. Continue reading...
  
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• Tobacco giant accused of ‘manipulating science’ to attract non-smokers

  28-06-2024 15:05
  
  Leaked documents from Philip Morris reveal ‘secret’ strategy to market its heated tobacco product IQOSThe tobacco company Philip Morris International has been accused of “manipulating science for profit” through funding research and advocacy work with scientists.Campaigners say that leaked documents from PMI and its Japanese affiliate also reveal plans to target politicians, doctors and the 2020 Tokyo Olympics as part of the multinational’s marketing strategy to att
  
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• Martin Lewis alert as Premium Bonds customers risk missing out on £425 savings boost

  28-06-2024 14:53 via express.co.uk
  
  He explained how Premium Bonds work and why they may not suit those with smaller savings.
  
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• Households handed £997 in July money changes across UK

  28-06-2024 14:49 via express.co.uk
  
  Households across the UK are being handed a hefty £997 from July
  
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• Labour urged to step in over Tata’s plans to close steelworks days after election

  28-06-2024 14:31
  
  Owner of plants in south Wales says it could cease operations at blast furnaces in response to strike actionLabour politicians have been urged to step in to help avert a “costly mistake” by Tata Steel, which has told staff it could close operations at its steel plant in Port Talbot just days after the general election.The Indian owner of the vast south Wales steelworks said on Thursday that it intended to cease operations at two blast furnaces on the site by 7 July – three days
  
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• Martin Lewis warns of last chance for parents as cheap school uniform deal ends soon

  28-06-2024 14:30 via express.co.uk
  
  The Money Saving Expert team are warning parents they only have a few days left to get 20 percent off school uniform at Asda before the deal ends on June 30.
  
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• Next PM likely to inherit improved economy after UK growth revised up

  28-06-2024 14:05
  
  Updated quarterly GDP confirms UK was fastest-growing economy in G7 with consumer confidence returningBusiness live – latest updatesThe UK economy grew at a faster rate than previously thought in the first quarter of 2024, handing the next prime minister an improved economic backdrop.Gross domestic product (GDP) rose by 0.7% in the first three months of 2024, revised upwards by the Office for National Statistics from a first estimate of 0.6%. Continue reading...
  
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• NatWest customers face £60 bank account fees as hikes brought in today

  28-06-2024 14:02 via express.co.uk
  
  The accounts offered by NatWest could see a hefty rise in cost after recent hikes.
  
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• UK households issued £264 energy bills, mortgage and food warning

  28-06-2024 13:25 via express.co.uk
  
  Supermarket giant Asda says people are still £264 short of being able to pay bills
  
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• Little-known HMRC benefit can boost your pension payment

  28-06-2024 13:21 via express.co.uk
  
  150,000 grandparents have put in a claim for the additional payments and many more could be eligible, with the option to backdate claims to 2011
  
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• Stamp duty for first-time buyers would rise in 2025 under Labour government

  28-06-2024 12:26
  
  Party says it would allow threshold for stamp duty to fall back to £300,000 after it wasraised temporarily in 2022UK election live – latest updatesStamp duty will rise for first-time buyers next year if Labour wins the election, the party has confirmed, as it plans to allow a temporary tax break enacted by the Conservatives to expire.A party spokesperson said on Friday it would allow the threshold for stamp duty to fall back to £300,000, after it was raised to £425,000 in
  
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• North Sea oil and gas firm Perenco failing to seal old wells, documents show

  28-06-2024 11:00
  
  Fears of fire and environmental disaster as company repeatedly misses UK deadlines to decommission sites The North Sea’s biggest oil and gas infrastructure company is risking fires and environmental disasters, experts have warned, as documents reveal it is failing to plug its ageing oil wells in time and is missing decommissioning deadlines by up to a decade.Last year, the fossil fuel firm Perenco faced controversy after an oil spill from its Poole Harbour operations polluted the Dorset si
  
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• Savers urged to open inflation-beating accounts before UK interest rates fall

  28-06-2024 09:00
  
  Savings experts say this is a ‘window of opportunity’ to lock into a savings account at a decent rateUK savers are being urged to lock into an inflation-beating savings account before interest rates start their downward journey.A number of fixed-rate savings bonds currently pay 5%-plus – on these accounts your return is guaranteed and you will be earning more than twice the current rate of inflation. Continue reading...
  
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• Homes in places with links to politicians – in pictures

  28-06-2024 08:00
  
  From a grand Grade II-listed Whitehall building with a long political history, to a compact London flat close to Keir Starmer’s local Continue reading...
  
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• Families behind the two-child limit to benefits – photo essay

  28-06-2024 08:00
  
  Photographer Dan Dennison has documented three families around the UK from Manchester, Wiltshire and London and their struggles due to the two-child limit to benefitsAt the other end of the playing fields, Matthew’s friends are at a Saturday morning football practice, but he can’t go. “My son really misses football,” his mum, Carol​*, says. “He keeps asking when can I go back?’ I don’t think he quite gets the money situation.”Carol’s el
  
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• Ad campaign with Trevor McDonald was filmed for shelved NatWest shares sale

  28-06-2024 08:00
  
  Exclusive: Saatchi ‘Tell Sid’-style marketing blitz was planned before Rishi Sunak called general electionA “Tell Sid”-style ad campaign featuring Sir Trevor McDonald was filmed to promote the government’s now shelved plan to sell state-owned NatWest shares to the public, the Guardian can reveal.The nationwide campaign – which included TV ads featuring the veteran newsreader and presenter popping up around the UK asking the public “Are you in?” &nd
  
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• Cosy ties and £400,000 in political donations: why Labour has a gambling problem

  28-06-2024 06:00
  
  Labour talked tough on regulation in its manifesto, but questions have been raised about how it will proceed with legislation if it comes into officeIn February 2020, with the race to succeed Jeremy Corbyn as Labour leader heating up, Keir Starmer’s office received a helping hand.Peter Coates, the head of the dynasty behind Stoke-based online gambling company Bet365, donated £25,000 to Starmer’s office. Continue reading...
  
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