Financial news

• Tesla adds close to $150bn in market value on best day in over a decade

  24-10-2024 23:44 via theguardian.com
  
  Car company sees biggest single-day stock gain since 2013 as CEO Elon Musk forecasts up to 30% in sales growthTesla shares closed up nearly 22% on Thursday – their biggest single-day gain in over a decade – as Elon Musk’s bold forecast of surging sales reassured investors he was still looking to grow its core business of selling electric cars. At close, nearly $150bn was added to the company’s market value.Musk forecast 20-30% in sales growth next year, promising to launc
  
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• The rebooted football regulator: what is new under Labour and what can it do? | Paul MacInnes

  24-10-2024 20:00 via theguardian.com
  
  The football governance bill has returned to parliament, relaunched by the government: this is what you need to knowWell, it never really died, it was just resting. The football governance bill has returned to parliament this week, relaunched and rebooted by the Labour government. It is largely the same as the bill that the Conservative governments spent a lot of time and energy working up, only to have to abandon it halfway through the parliamentary process because their prime minister called a
  
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• The Guardian view on Sure Start’s legacy: investing in children brings rewards | Editorial

  24-10-2024 19:50 via theguardian.com
  
  A reduction in serious youth offending can now be added to the benefits brought about by Labour’s flagship family support programmeWhen the Labour government led by Tony Blair created Sure Start, the decision to invest in early years care and education was based on evidence. All children are entitled to a state school place, five days a week, from the age of four or five. With free nursery places offered only on a part-time basis (currently 15 hours a week but due to rise to
  
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• Boohoo was already a governance mess. Enter Mike Ashley for extra complexity

  24-10-2024 19:43 via theguardian.com
  
  Frasers wants its founder to be boss of the ailing fashion retailer. But Ashley isn’t ruling out being a bidder himself in any potential break-upWho would be the better chief executive of a severely ailing online retailer? Candidate A isn’t everyone’s cup of tea but he does tend to deliver the goods: his 73%-owned retail business has defied doubters for a couple of decades, has adapted to the digital age and sits in the FTSE 100 index sporting a market value of £4.6bn.Or
  
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• Rachel Reeves to snatch away winter fuel - with only 'two things' protected for pensioners

  24-10-2024 19:27 via express.co.uk
  
  The scrapping of the Winter Fuel Payment is estimated to affect around 10 million pensioners.
  
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• Secondhand Prada and cooking lessons? John Lewis gambles £800m on store makeovers

  24-10-2024 19:15 via theguardian.com
  
  The retailer plans a dramatic rethink of the chain, to include spas, boutiques and talks by authors, after deciding ‘shops are here to stay’Body piercing, cooking lessons Jamie Oliver-style, luxury hi-tech skin treatments and preloved Prada handbags … This is John Lewis, but not as you know it, with a £6.5m revamp of its high-profile branch on London’s Oxford Street signalling its belief that department stores have a future.After a hiatus when it sought to move awa
  
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• MoneySavingExpert says Brits are missing out on £23bn including £3,900 for pensioners

  24-10-2024 17:18 via express.co.uk
  
  Some Brits could be missing out on huge amounts of cash - with some pensioners possibly being owed thousands of pounds.
  
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• Labour breaks another manifesto pledge and no-one is surprised – it'll cost us £57bn

  24-10-2024 17:00 via express.co.uk
  
  Chancellor Rachel Reeves is about to take a massive gamble with the nation's finances. We'd better hope she pulls it off or we face another Liz Truss moment.
  
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• Simon Harris says lack of infrastructure could become a ‘drag’ on Ireland’s competitiveness

  24-10-2024 16:27 via theguardian.com
  
  Irish prime minister speaks of need to overcome housing and infrastructural deficits to maintain foreign investmentThe Irish prime minister has said a shortage of homes and a need to invest in Ireland’s infrastructure risk being a “drag” on its competitiveness as the country attempts to lure more foreign investment.Simon Harris said it was time to “cut through bureaucracy … and other things that stifle the delivery” of infrastructure, at a US-Ireland summit a
  
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• Virgin broadband 'act now' warning to get £17 WiFi

  24-10-2024 16:09 via express.co.uk
  
  Martin Lewis's Money Saving Expert explained how to snap up the "cheap" deal.
  
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• Shoplifting offences in England and Wales at highest level on record, ONS figures show

  24-10-2024 15:51 via theguardian.com
  Total of 469,788 offences logged in the year to June 2024 as retailers warn about violent attacks on shop workersShoplifting offences reported by police in England and Wales have risen to a fresh 20-year high, according to official figures, as retailers continue to warn about violence against shop workers.A total of 469,788 offences were logged by police forces in the year to June 2024, a 29% increase compared with the 365,173 recorded in the previous 12-month period. Continue reading...
  
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• State pension fury as thousands of women to 'miss out' on cash payment after DWP error

  24-10-2024 14:58 via express.co.uk
  
  Thousands of women could miss out on a cash payment after a government error left them unable to claim offline.
  
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• Trainline sends urgent £100 fine warning to commuters making little-known mistake

  24-10-2024 14:57 via express.co.uk
  
  Trainline customers using a Railcard should be careful to check the terms and conditions or face a huge bill.
  
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• DWP error means you could be owed thousands of pounds from your state pension

  24-10-2024 14:54 via express.co.uk
  
  The government is trying to track down thousands of people who could be owed back payments on their state pension due to a DWP error
  
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• Backlash over move to spare public sector from Budget pension raid

  24-10-2024 13:55 via express.co.uk
  
  The Chancellor, Rachel Reeves, has signalled she will make up any resulting in shortfall in budgets, which would have meant making cuts to key services.
  
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• Thanks to this unsung, magic compensation scheme, I now relish a delayed train | Adrian Chiles

  24-10-2024 12:00 via theguardian.com
  
  Delay Repay is such a beautiful, roaring success that I become genuinely excited about a late-running service. Get the people in charge to run the NHS, I sayWho says Britain is broken? Not me. Not here anyway. This is where I try to celebrate what’s good about the country I call home. In this spirit, I offer up a widely available sort-of-free-at-the-point-of-use service that never lets me down. There can’t be a more efficient such service anywhere on earth. I’m sure it’s
  
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• No, you’re not imagining it – the UK’s 5G connection really is crap | Chris Stokel-Walker

  24-10-2024 09:00 via theguardian.com
  
  We are lagging behind other G7 countries, but improving mobile networks could add billions to the economyThe leafy countryside of Sussex is delightful to drive through, all twisting country lanes and glorious green fields for miles on end. I know because, sat in the passenger seat of a car and hunched over my laptop this past weekend, I had plenty of time to observe it.While I should have been editing an essay during the 45-minute trip from a beautiful country cafe to the Weald & Downland Li
  
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• On the road in Birmingham: can the budget save this bankrupt city – Politics Weekly UK

  24-10-2024 06:00 via theguardian.com
  
  Ahead of the budget next week, the Guardian’s John Harris is in Birmingham, where the city council in effect declared itself bankrupt in 2023. He spends time with people struggling with the severe spending cuts and asks what will happen if the chancellor Rachel Reeves does not offer more financial supportSupport the Guardian today: theguardian.com/politicspodFind out more about Saathi House here Continue reading...
  
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