Financial news

• ‘Technical issue’ causes lengthy delays to dozens of British Airways flights

  18-11-2024 23:33
  
  Heathrow says issue that led to hours-long postponement of flights has been resolvedA technical problem has caused hours-long delays on British Airways flights on Monday evening.Flights are continuing to take off but an IT issue affecting communications systems caused some flights to remain grounded. A spokesperson for the airline said: “Our flights are currently operating, but are experiencing delays as our teams work to resolve a technical issue affecting some of our systems.” Cont
  
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• Making homes greener isn’t nanny-statism | Letters

  18-11-2024 18:25 via theguardian.com
  Keir Starmer parrots a rightwing narrative against cutting emissions on a household level, writes Charlie Chamberlain. And Alastair Nisbet wants to bring back the feed-in tariffI wanted to believe Keir Starmer would make Cop29 the moment he made good on his earlier green promises (Editorial, 12 November). In one sense, he didn’t disappoint, stating that he would oversee a cut in emissions of 81% by 2035 on 1990 levels. Great. But how? Essentially decarbonising the grid but “not
  
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• Poverty figures render UK government numbers too little and action very late

  18-11-2024 18:00 via theguardian.com
  
  Broadening definition of poverty reveals true numbers of people living in poverty and accelerates need to tackle crisis• More than one in three children in poverty as UK deprivation hits record highThe news that more than one in three children in the UK are now living in poverty should shock everyone but surprise no one.Nearly three years into the cost of living crisis, we know that young families and disabled people have been among those hit hardest by the biggest fall in UK living standar
  
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• More than one in three children in poverty as UK deprivation hits record high

  18-11-2024 18:00 via theguardian.com
  
  Exclusive: Study finds almost quarter of UK population living in poverty, reaching the highest level this century• Poverty figures render government numbers too little and action very lateMore than one in three children and a quarter of adults are living in poverty in the UK as deprivation levels rise to the highest in the 21st century, according to a landmark report.The study by the Social Metrics Commission (SMC), which uses measures recently adopted by the UK government, found the cost o
  
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• UK mortgage rates creep up as brokers warn of possible ‘further pain’

  18-11-2024 17:02 via theguardian.com
  
  Concerns interest rates will stay higher for longer if official data on Wednesday shows inflation is back above 2% targetThe average cost of a new fixed-rate mortgage is continuing to creep up, data shows, as brokers warn that borrowers could face “further pain” if the latest data out this week shows inflation has risen back above the Bank of England’s 2% target.Expectations that UK interest rates will stay higher for longer as a result of measures in last month’s budget
  
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• Thames Water’s IT ‘falling apart’ and is hit by cyber-attacks, sources claim

  18-11-2024 15:33
  
  Exclusive: Company relies on obsolete tech and there are troubling security gaps, Guardian investigation suggestsThames Water supply ‘on knife-edge’Floods, explosions, asbestos: Thames faces problems on all fronts“The software we use is older than me, and some of the hardware is older than my dad,” says Siddharth*. He is one of a team fighting a daily battle to sustain ancient IT infrastructure at Thames Water.Sometimes the defences are breached. Thames, the UK’s la
  
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• Young Australians cut back in cost-of-living crisis while older people shop more, data shows

  18-11-2024 15:00 via theguardian.com
  
  Commonwealth Bank finds over-70s cohort spent 7.7% more from July to September than the same time last yearFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastYoung Australians aged 18 to 29 have cut back the most due to cost-of-living pressures while older people are shopping more, data compiled by Australia’s biggest bank shows.An analysis of the de-identified payments of about 7 million Commonwealth Bank customers, released by
  
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• Almost a third of those eligible for Victorian homebuyer scheme would miss out under federal Help to Buy

  18-11-2024 14:01 via theguardian.com
  
  Exclusive: PBO report finds Help to Buy has lower income and property price caps than generous state programFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastAlmost a third of Victorians who could be eligible for the state’s shared equity scheme for homebuyers would miss out if it is replaced by federal Labor’s proposed Help to Buy initiative, according to independent analysis.A report by the Parliamentary Budget Office (
  
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• ‘Happy hour in reverse’: where dynamic pricing may creep further

  18-11-2024 13:39 via theguardian.com
  
  After the Oasis ticket row, experts say fluctuating charges could become the norm in other industriesPaying a premium for a flight during the school holidays or a cab at peak hours might be expected but fluctuating charges – otherwise known as surge pricing – could become the norm in other industries, say experts.According to Omar Merlo, the academic director of strategic marketing programmes at the Imperial College Business School, surge pricing – widely known as dynamic prici
  
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• Britons warned to expect ‘disappointing’ rise in energy bills in January

  18-11-2024 11:14 via theguardian.com
  
  Price cap for Great Britain forecast to rise to £1,736 a year for average dual-fuel bill, according to Cornwall InsightBusiness live – latest updatesBritons have been warned to expect a “disappointing” rise in energy bills in January, adding pressure to household finances, despite earlier hopes that prices may ease early next year.The price cap for Great Britain is forecast to rise to £1,736 a year for the average dual-fuel bill, according to Cornwall Insight, a wel
  
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• I can’t get divorced … because of my pension provider

  18-11-2024 10:00 via theguardian.com
  
  There’s been a delay in getting the valuation from Teachers’ Pensions that I need for our court proceedings. Now my husband thinks I’m prevaricating I am a teacher and I requested a cash equivalent transfer value (CETV) from Teachers’ Pensions in June. I needed to submit the value of my pot to the court as part of the divorce proceedings.I received a wordy letter from Teachers’ Pensions saying that there may be a delay due to changes to the ways pension valuations a
  
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• 4BIO Capital Portfolio Company Trogenix Unveils Revolutionary Platform to Transform Cancer Treatment Through Precision Viral Immunotherapy

  18-11-2024 08:00 via globenewswire.com
  
  Press Release4BIO Capital Portfolio Company Trogenix Unveils Revolutionary Platform to Transform Cancer Treatment Through Precision Viral ImmunotherapyCompany founded by 4BIO Capital and Professor Steve Pollard as a spinout from the University of Edinburgh to commercialise its breakthrough Synthetic Super-Enhancer platform, Odysseus, to enable unprecedented precision in targeting aggressive cancersIQ Capital, Cancer Research Horizons, National Brain Tumor Society, AIN Ventures and Old College Ca
  
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• Average asking price for UK home drops by £5,000 in November

  18-11-2024 07:01 via theguardian.com
  
  Analysts say market is still relatively busy despite decline of 1.4%, which is unusually high for this time of yearThe average asking price for a UK home has dropped by more than £5,000 this month as the autumn budget caused housing market jitters before the usual Christmas slowdown.Average asking prices from new sellers fell by £5,366, or 1.4%, in November to £366,592, compared with the 0.8% decline usually recorded at this time of year, according to the website Rightmove. Con
  
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• Black Friday turning into Black Fraud Day, says UK cybersecurity chief

  18-11-2024 07:00 via theguardian.com
  
  Criminals using AI to trick shoppers as data shows more than £11.5m lost to fraud during festive period last yearBlack Friday is fast becoming Black Fraud Day with the discount period now “prime time” for scammers, according to Britain’s cybersecurity chief, who said criminals were using artificial intelligence to trick shoppers.With online criminals taking advantage of an eagerness to save money amid the cost of living crisis, last Christmas people in the UK were scammed
  
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• UK minister promises to force companies to end subscription traps

  18-11-2024 06:00 via theguardian.com
  Legislation will be drafted to ensure consumers find it easy to exit unwanted signups and to get a refundCompanies are to be forced to make it “simple and straightforward” for consumers to cancel unwanted subscriptions or get their money back under new rules to stamp out the so-called subscription traps that are costing Britons £1.6bn a year.Justin Madders, the minister for employment rights, competition and markets at the Department for Business and Trade, told the Guardian: &
  
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• The cement company that paid millions to Isis: was Lafarge complicit in crimes against humanity? – podcast

  18-11-2024 06:00
  The French cement giant started operating in Syria just before the civil war erupted. When Islamic State took over the region, Lafarge paid them protection money so it could keep trading. The consequences are still playing out. By Samanth Subramanian Continue reading...
  
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• ‘It’s overpriced tat’: Christmas markets divide opinion across the UK

  18-11-2024 06:00 via theguardian.com
  
  Residents and businesses complain about busy crowds, loss of trade, repetitive stalls and extortionate pricesThe Halloween cobwebs had barely been brushed off the shop windows of Birmingham city centre when the German-style Christmas market, one of the largest in the UK, opened on 1 November.Stretching over 500 yards down the city’s main shopping street and spilling out into the main square, for just over seven weeks dozens of stalls will sell bratwurst sausages, sweet treats, trinkets and
  
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• Donald Trump attends UFC match with key allies Musk, Rogan, and RFK Jr – video

  18-11-2024 04:26
  US president-elect Donald Trump attended an Ultimate Fighting Championship (UFC) event with billionaire friend Elon Musk and cheering fans at a heavily guarded Madison Square Garden in New York City on Sunday night. He was greeted by UFC personalities Joe Rogan and Dana White.Jon Jones knocks out Stipe Miocic to retain UFC title as Trump looks on Continue reading...
  
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