Financial news

• Images of new electric Jaguar car leak out before official Miami unveiling

  02-12-2024 19:55 via theguardian.com
  Spokesperson says firm aware of pictures circulating online – but it is unclear how accurate they areLeaked images of Jaguar’s much-hyped electric concept car have appeared hours before the model’s official unveiling in Miami – revealing a vehicle that may just about live up to its controversial advertising pledge to be radically new.Early online reaction suggests that the concept car, a sleek long-bonnet electric model in shocking pink, might indeed appear more familiar
  
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• The Guardian view on Keir Starmer’s reset: it needs a vision to tackle Britain’s challenges | Editorial

  02-12-2024 19:45 via theguardian.com
  
  The prime minister faces scrutiny as voters demand bold action, not recycled policies, to address Britain’s deepening economic and social concernsSir Keir Starmer’s reboot is clearly a strategy to win over voters disillusioned with the government’s performance. The prime minister is personally unpopular. Labour’s standing in the polls has sunk after avoidable fights with pensioners and farmers. The public seem unimpressed by Sir Keir’s contradictory stance that Labo
  
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• Liz Truss is apparently too mad even for a rightwing US audience | John Crace

  02-12-2024 19:45 via theguardian.com
  
  Former PM’s speech to the Heritage Foundation declares just about everyone alive to be part of a communist conspiracyIt was a sight for sore eyes. At least for any speaker who has turned up to an event to discover the organisers easily outnumber the audience. In an anonymous, windowless room in Washington DC, there were just a handful of people seated around a couple of circular tables for the latest session hosted by the rightwing – and conspiracy theory adjacent – US thinktan
  
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• Lindsay Hoyle must apologise for opening Betfred HQ, gambling reform campaigners say

  02-12-2024 19:36 via theguardian.com
  
  Decision brings Commons speaker’s role into disrepute, says Will ProchaskaAnti-gambling campaigners have called on the Commons speaker to apologise after Sir Lindsay Hoyle opened Betfred’s multimillion-pound new HQ with a dedicated plaque.The Betfred HQ in Warrington was opened by Hoyle at the end of last month, 20 miles outside his Chorley constituency. Continue reading...
  
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• Hard-driving style put Carlos Tavares on collision course with Stellantis’s board

  02-12-2024 19:18 via theguardian.com
  
  Carmarker rejects ruthless approach of former chief executive known for pushing for bigger profitsCarlos Tavares is known as one of the most outspoken leaders in the car industry. Among the executive class, the former Stellantis chief executive is also considered to be one of the best drivers of its products on the track.He used a similarly hard-driving style in the board room, constantly pushing his managers and factories to deliver bigger profits. Yet after his enforced departure from the glob
  
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• Revealed: ministers to postpone full shift to eVisas next month

  02-12-2024 18:54
  
  Exclusive: fears that UK residents could be stranded abroad due to system glitches prompts rethink Ministers are to postpone a full shift to eVisas next month after concerns that UK residents could be stranded abroad because of glitches in the system, the Guardian has learned.It follows complaints from applicants who have failed to gain access to the new digital immigration system so they can demonstrate they have a right to return to their homes in the UK. Continue reading...
  
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• Taxes should target land investors, not farmers | Letters

  02-12-2024 18:34 via theguardian.com
  
  Readers respond to an impassioned plea for understanding by Clare Wise after the government made farms subject to inheritance taxClare Wise’s emotional representation of the family farm offers an excellent insight into the importance of maintaining generational continuity (My family has grown Britain’s food for 140 years. Here’s what politicians don’t understand about farming, 27 November). She rightly condemns the potentially devastating effects that inheritance tax (IHT
  
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• Making speeding fines fairer would help fill the budget ‘black hole’ | Letter

  02-12-2024 18:25
  
  A magistrate writes that lifting the limit on speeding fines imposed on the richest drivers could reap millionsAs a magistrate of more than 25 years, I am exasperated by talk of a black hole in the nation’s finances when a solution is at hand (‘We had no alternative’: Reeves defends her budget to the CBI, 25 November). Take a motorist caught doing 26 in a 20mph zone. In the traffic court, we’d fine someone on benefits, who pleads guilty, around £150 in total, or rou
  
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• UK workers: tell us if you are expected to spend more time in the office next year

  02-12-2024 17:39 via theguardian.com
  
  We would like to hear from people whose employers are looking to increase time working in the office in 2025A range of large employers, such as Starling Bank, have called thousands of workers back to their desks in a tightening of rules on remote working. During the Covid pandemic many employers allowed staff to work from home but some are now reducing, or removing, that flexibility.We would like to know if you are expected to spend more time in the office next year and how you feel about it. Do
  
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• Intel CEO Pat Gelsinger retires amid chipmaker’s struggles

  02-12-2024 16:12 via theguardian.com
  
  David Zinsner and Michelle Johnson Holthaus named interim co-CEOs of company fighting to keep up with rivals The Intel CEO, Pat Gelsinger, has retired, with David Zinsner and Michelle Johnston Holthaus named as interim co-CEOs. Though demand for semiconductor chips has never been higher or more lucrative, Intel has struggled to match the success of its rivals.Gelsinger, whose career has spanned more than 40 years, also stepped down from the company’s board. He started at Intel in 1979 at I
  
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• St James’s Place to axe 500 jobs in £200m cost-cutting drive

  02-12-2024 15:25 via theguardian.com
  
  Redundancies at wealth management company will not affect its 4,800 financial advisers around the UKBusiness live – latest updatesThe wealth management company St James’s Place is to make about 500 jobs redundant as part of a £200m savings drive.The London-listed company is lining up plans to cut about a sixth of its 3,200 corporate staff, it revealed in an internal memo first reported by the trade outlet Citywire. Continue reading...
  
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• Security guarantees vital if Ukraine is to rebuild economy, says steel CEO

  02-12-2024 14:31 via theguardian.com
  
  Metinvest boss says there is a high degree of uncertainty over Trump’s plan to negotiate with RussiaSecurity guarantees will be key to Ukraine healing its shattered economy if Donald Trump moves to negotiate an end to the war with Russia when he returns to the White House, according to the chief executive of one of the country’s largest companies.Yuriy Ryzhenkov, the chief executive of the steel company Metinvest, said the company’s economy could grow like Germany’s econo
  
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• Norway forced to pause plans to mine deep sea in Arctic

  02-12-2024 13:35 via theguardian.com
  
  Small Socialist Left party threatens to block budget if government becomes first to issue licences for deep-sea explorationThe Norwegian government has paused its plans to mine the deep sea in the Arctic, after pressure from a small leftwing party.The agreement was reached after the Socialist Left (SV) party said it would not support the government’s budget unless it halted the first round of licences for deep-sea mining exploration, planned for the first half of 2025. Continue reading...
  
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• Eurozone manufacturers see ‘no sign of recovery’ as UK orders slow

  02-12-2024 13:03 via theguardian.com
  
  France, Germany and Austria are especially hard hit, as British factory owners cut jobs and investmentBusiness live – latest updatesEurope’s manufacturers suffered a slump in demand last month with “no sign of a recovery”, as UK factory owners also reported a slowdown in orders.Manufacturers across the eurozone reported a decline in demand for their goods in November, with France, Germany and Austria especially hard hit, according to the S&P Global purchasing managers
  
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• Typhoo Tea bought out of administration for £10m

  02-12-2024 12:13 via theguardian.com
  
  Vapes and batteries maker Supreme acquires collapsed 121-year-old tea companyBusiness live – latest updatesThe historic tea brand Typhoo has been bought out of administration by the vapes and batteries maker Supreme in a £10m rescue deal.The company filed to appoint administrators last Wednesday, risking the future of the 121-year-old brand. Continue reading...
  
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• Octopus offers four 'freebies' to help customers with costs - can you claim?

  02-12-2024 11:29 via express.co.uk
  
  The energy provider is "urging" customers to contact them for help with bills if they need it.
  
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• Share your experience of doorstep deliveries in the UK that have gone missing

  02-12-2024 10:22
  
  We want to hear from people about the items they have lost after they were delivered and left on their doorstepNow that Black Friday has come and gone, we’d like to find out more about the deliveries you have received but that have gone missing from your doorstep.Were you able to retrieve the lost parcel? If you raised the issue with the retailer or courier, what happened? Were you able to get a replacement or a refund? Continue reading...
  
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• House prices see 'surprise' November jump as average value sits just 1% below peak

  02-12-2024 10:01 via express.co.uk
  
  The average UK house price rose by 1.2% month-on-month in November - the biggest increase since March 2022.
  
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• Moving home? Here are the keys to completing before stamp duty rises

  02-12-2024 09:45
  
  With homebuyers facing thousands extra on the bill, the race is on to complete before the deadlineHomebuyers and sellers in England and Northern Ireland must act quickly to ensure property sales are complete before new stamp duty rules come into force next April. Bills for many buyers will increase, and solicitors and estate agents are expected to be especially busy in the new year in a rush to complete transactions.“We’re likely to see a spike in demand, putting pressure on estate a
  
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• HMRC is demanding I pay £7,662 tax on my £79 earnings

  02-12-2024 09:30 via theguardian.com
  
  I worked for just half a day for a charity but since then it insists I pay up via PAYEHMRC has been taxing me for a job I do not have for almost three years.In March 2020 I did a half day’s work for a charity, Move On, for which I was paid £79.10. I was put on the payroll in the expectation that I would do more work there in the future. Instead, the pandemic happened and I never returned. Continue reading...
  
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• Premium Bonds winners announced for December draw as prize rate drops

  02-12-2024 09:11 via express.co.uk
  
  Two lucky people have won £1million while others took home big prizes for £100,000 and £50,000.
  
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• UK house prices rise at fastest rate in nearly two years

  02-12-2024 09:09
  Nationwide reports surprise growth despite near-record prices straining affordabilityHow to complete a move before stamp duty risesBusiness live – latest updatesHouse prices in the UK grew at the fastest rate in nearly two years in November, in a surprise acceleration despite near-record highs straining affordability, according to figures from Nationwide.The annual growth rate rebounded to 3.7% in November, up from 2.4% in October, according to the UK’s biggest building society. That
  
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• Volkswagen workers in Germany to strike over plan to cut jobs and pay

  02-12-2024 06:00 via theguardian.com
  
  Employees take action over plans to axe at least three plants in first domestic closures in company’s 87-year historyWorkers at Volkswagen factories in Germany will strike from Monday over the carmaker’s plans to lay off thousands of people, cut pay and close plants for the first time in its home country.Announcing that “warning strikes”, which usually last a few hours, will begin at all VW plants, Thorsten Gröger, the union IG Metall’s lead negotiator with VW,
  
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• UK households missing out on £300 payment from DWP

  02-12-2024 06:00 via express.co.uk
  
  Thousands of UK households are missing out on a vital £300 DWP payment.
  
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• The scandal of food waste – and how we can stop it – podcast

  02-12-2024 06:00 via theguardian.com
  Every informed observer agrees that food waste and loss must be reduced if we are to feed all humans. What’s stopping us? By Julian Baggini Continue reading...
  
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• Greenland split over benefits of tourism as territory opens to the world

  02-12-2024 06:00 via theguardian.com
  
  Direct flights from the US to Nuuk expected to double next year but there are concerns about the expected influxThe capital’s new airport has been opened, two more are in the making, and expectations are high: the Americans are coming to Greenland.On Thursday, the first ever international flight into Nuuk, the most populous settlement on the autonomous Danish territory, landed to cheers on the ground and in the cabin of Air Greenland flight GL781 where passengers were served miniature bott
  
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• Blair thinktank criticises ‘unfounded’ nuclear fears after Chornobyl

  02-12-2024 06:00 via theguardian.com
  
  Tony Blair Institute says global carbon emissions would be 6% lower if not for ‘inaccurate narrative’ over 1986 disasterGlobal carbon emissions would be 6% lower than today if not for the “inaccurate narrative” against nuclear power since the Chornobyl disaster that has created “unfounded public concern”, according to Tony Blair’s thinktank.A report from the Tony Blair Institute (TBI) has found that if the nuclear power industry had continued to grow at
  
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• State pensioners wake up to DWP Christmas Bonus from Monday but it’s ‘not enough’

  02-12-2024 04:00 via express.co.uk
  
  Pensioners will get a Christmas Bonus payment from the DWP in December.
  
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• Two-day warning over Quality Street, Roses, Heroes and Celebrations at Tesco

  02-12-2024 02:00 via express.co.uk
  
  Quality Street, Roses, Heroes and Celebrations tubs are currently on offer at Tesco - but it has to end.
  
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