Financial news

• US judge returns lawsuit against Elon Musk’s $1m voter scheme to state court

  01-11-2024 23:07
  
  Civil suit claims that tech billionaire and his Trump-supporting America Pac giveaway is illegal lotteryA federal judge on Friday denied an attempt by America Pac – the political action committee founded by Elon Musk to support Donald Trump’s campaign for a second presidency – to move to federal court a civil suit brought by the Philadelphia district attorney over a daily $1m prize draw for registered voters.The lawyers for Musk and his America Pac had argued that the lawsuit,
  
  Read more

• Services for most-vulnerable people at risk after NICs rise, charities say

  01-11-2024 19:39
  
  Care providers, GPs and pharmacists warn increased costs will cause cuts and job lossesServices that support some of England’s most vulnerable people have warned that tax increases in the budget will lead to cuts and closures that could devastate the charity sector.Although the NHS and councils are protected from the impact of the rise in employers’ national insurance contributions (NICs) announced in Wednesday’s budget, charities that provide services say the increase means th
  
  Read more

• More than meatballs: Ikea opens its first UK standalone restaurant in London

  01-11-2024 19:15
  
  Diners hail ‘great price’ of dishes at Swedish furniture chain’s food outlet next door to its Hammersmith storeIts meatballs are as famous as its flatpack furniture, with a meal in one of its restaurants often the highlight of an Ikea trip.Now shoppers can enjoy an Ikea meal without lugging around their kitchen sink – literally – as the furniture company has opened its first standalone restaurant on the UK high street in King Street in Hammersmith. Located next door
  
  Read more

• Two groups lead way in race to buy John Textor’s stake in Crystal Palace

  01-11-2024 19:14
  
  Textor’s Eagle Football group hold 46% of clubConsortium and billionaire both in runningAn international consortium, fronted by two Crystal Palace supporters, and the billionaire food delivery entrepreneur Stanley Tang are the two frontrunners in contention to buy John Textor’s 46% stake in the south London club for more than £200m.The football financier Keith Harris, who previously worked on takeover deals at West Ham, Manchester City and Aston Villa, has been advising a group
  
  Read more

• Advertisement

• UK supermarkets using multibuy deals to encourage sales of meat, study finds

  01-11-2024 19:03
  
  Exclusive: about one in five offers involve meat and dairy and one in ten processed meat despite known health risksSupermarkets are using multibuy promotional deals to encourage shoppers to buy meat and processed meat, despite the products being linked to a heightened risk of cancer, research reveals.Almost one in five (18%) of multibuy offers in major British supermarkets involve meat and dairy products, and one in ten (11%) processed meat such as ham, bacon and sausages. Continue reading...
  
  Read more

• City watchdog warns Crispin Odey it will punish him for his ‘lack of integrity’

  01-11-2024 17:59
  
  FCA says financier showed reckless disregard for rules over inquiry into alleged sexual misconduct The financial regulator has warned the former hedge fund manager Crispin Odey that it is planning to take action against him for failing to act with integrity, and deliberately frustrating a disciplinary process into sexual harassment allegations in order to protect his own interests.The Financial Conduct Authority (FCA) said it had notified Odey that it believed he had breached the regulator&rsquo
  
  Read more

• Here is the real story of Labour’s historic budget – investment over decline | Angela Rayner

  01-11-2024 17:37
  
  I know first-hand that secure work and a secure home are the foundations of a better life for ordinary Britons. That defines our missionFor 14 years, the Conservatives failed working people by choosing austerity and decline. As a result, public services are crumbling and working people have paid the price. Though we come from different generations and grew up in different parts of Britain, the prime minister and I both saw how politics could make a difference to people from working-class backgro
  
  Read more

• Imported Christmas trees cost more thanks to post-Brexit checks

  01-11-2024 17:06
  
  Nearly all are deemed ‘high-risk’ and so will need customs declarations and phytosanitary certificatesEvery year, hundreds of thousands of Christmas trees make the journey into the UK to take pride of place in living rooms across the country.But the the cross-border operation faces a new hurdle this year. Plants coming from the EU will be subject to post-Brexit border checks that importers are warning will increase costs for sellers, and probably push up prices for consumers. Continu
  
  Read more

• Advertisement

• A huge, hideous Canary Wharf by Regent's Park: this could be the result of Labour’s plan for HS2 | Simon Jenkins

  01-11-2024 16:30
  
  Where will Rachel Reeves find billions for a tunnel from Old Oak Common to Euston? Private development is one answerThe face said it all. As Rachel Reeves listed the infrastructure projects being funded by her first budget, she could not even say how much the biggest one would cost. She announced a £22.6bn cash injection for the NHS in England over two years and an extra £2.3bn a year in core funding for English schools. Television showed the relevant ministers cheering to the skies.
  
  Read more

• The best home gifts for the interiors obsessives in your life this Christmas

  01-11-2024 16:00 via theguardian.com
  
  From mugs to prints, calendars to throws, these gorgeous pressies will bring comfort and joy into homesCome together: 14 of the best homeware collabs for autumnGifts for the home will spark joy not only on Christmas Day, but also for years to come. The best manage to be super practical and deeply stylish – like a colourful tool kit or water bottle – but it can be fun to give a present that’s shamelessly decorative too, like a vase or print.If you’re lacking confidence in
  
  Read more

• ‘Everything is expensive’: one family reacts to the autumn budget

  01-11-2024 16:00
  
  The cost of living crisis is far from over, but there are glimmers of hope over childcare and energy bills“I sort of assumed the cost of living crisis would be temporary and things would go back to how they were before,” says Jess Daly. “Maybe I was being naive. Everything is just expensive now.”Jess and her husband, Jon, first spoke to the Guardian about their soaring bills in 2021 and the couple, who are careful budgeters and keep a spreadsheet of expenditure, have shar
  
  Read more

• RMT union calls off tube strikes planned for coming week

  01-11-2024 15:49
  
  Aslef has not called off Thursday’s train driver action but is meeting London Underground on Monday for talksMembers of the RMT union at London Underground have called off plans to strike over the coming week, as transport officials urged tube train drivers to follow suit.The RMT said it had suspended its planned week-long action, which had been due to begin on Friday evening, after receiving a significantly improved pay offer from tube bosses. Continue reading...
  
  Read more

• Shock US jobs data could not have come at worse time for Kamala Harris

  01-11-2024 15:32
  
  With four days until polling day some will recall how in 1970 poor trade figures swung the UK’s general electionWith only four days to go until Tuesday’s presidential election, the poor jobs figures could not have come at a worse time for Kamala Harris.To be sure, there were special factors that explained why the world’s biggest economy added only 12,000 new jobs in October. Continue reading...
  
  Read more

• As Hello Kitty turns 50 her cuteness is still earning £3.1bn a year

  01-11-2024 15:00
  
  Japanese character said to be second-highest grossing media franchise after Pokémon is also a TikTok superstarShe sports a signature red bow, her hobbies are travelling, reading and baking, and – despite celebrating her 50th birthday – stands at only five apples tall.Called the “CEO of supercute”, Hello Kitty was created by Yuko Shimizu, a Japanese illustrator, half a century ago on Friday. Continue reading...
  
  Read more

• ‘The best personal brands aren’t overly curated’: six dos and don’ts for the jobs market

  01-11-2024 14:59
  
  Personal branding is far more complex than it once was, with evolving tech adding to the possibilitiesPersonal branding has undergone a radical rebranding. The way we showcase ourselves in the workplace and jobs market has been transformed by the tools at our disposal and societal shifts, such as the melding of work and life. Twenty-five years ago, you had a CV and, if you wanted a new job, you updated it and sent it to prospective employers. Your reputation may have enhanced your prospects but,
  
  Read more

• Finland exports snow-saving mats to ski resorts hit by climate crisis

  01-11-2024 14:50
  
  Preserving previous year’s snow for start of season can combat increasingly unpredictable wintersBefore the arrival of electric fridges and freezers, people across Finland would saw a block of ice from a river or lake before the spring thaw, thickly cover it in an insulating layer of sawdust and stack it in barns, pits or ice cellars to protect produce from the warm air of the summer months.Amid global heating and increasingly unpredictable shorter winters, a modern twist on the traditiona
  
  Read more

• US adds only 12,000 jobs in October in final report before election

  01-11-2024 14:00
  
  Average monthly job gains in 2024 had been about 200,000, but new figures affected by Boeing strike and hurricanesThe US added just 12,000 jobs in October, the last snapshot of the employment market before election day, in a report heavily affected by the strike at Boeing and two recent hurricanes.The unemployment rate was unchanged at 4.1%. Continue reading...
  
  Read more

• UK house price growth slows but stamp duty changes ‘will spark buyer rush’

  01-11-2024 09:39 via theguardian.com
  
  Rate softens to 2.4% in October as Nationwide expects more transactions before budget’s nil rate band moveBusiness live – latest updatesThe growth in UK house prices slowed unexpectedly last month, Nationwide said, as it warned buyers to expect a rush in transactions early next year sparked by changes to stamp duty rules in the budget.The building society’s monthly index showed that annual house prices grew at a rate of 2.4% in October, a slowdown from the near two-year high of
  
  Read more

• Village homes for commuters near a station – in pictures

  01-11-2024 08:00
  
  From a renovated farmhouse to a period home, all have easy access to rail links to towns and cities Continue reading...
  
  Read more

• One year on, we know this: Sweden’s trade unions are more than a match for Elon Musk | German Bender

  01-11-2024 08:00
  
  This long-running strike could be resolved if Tesla recognised a simple fact that I’ve uncovered in my reportingThe US presidential election has not been the only high-stakes date looming for Elon Musk. It has been more than a year since Swedish workers came out on strike against his electric car giant Tesla. Swedish industrial union IF Metall has been demanding better wages, benefits and conditions for mechanics in Tesla repair shops across the country, but fundamentally what is at stake
  
  Read more

• Barclays, Santander, Lloyds, Halifax customers issued 'urgent warning'

  01-11-2024 05:00 via express.co.uk
  
  MPs are calling for action as customers are losing access to key services.
  
  Read more

• Seven steps to protect your finances following Budget tax hikes - Hargreaves Lansdown

  01-11-2024 02:05 via express.co.uk
  
  Personal finance team at Hargreaves Lansdown has identified seven practical steps people can take to better manage their finances.
  
  Read more

Follow @financialnwsUK on Twitter!