Financial news

• Martin Lewis issues warning to people who have £10,000 in savings

  05-12-2024 19:15 via express.co.uk
  
  Martin Lewis has issued a warning to people who have £10,000 or more in their savings account right now.
  
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• Police release new photo of suspect sought in killing of UnitedHealthcare CEO

  05-12-2024 18:23 via theguardian.com
  
  Images of suspect in shooting of Brian Thompson were taken by security cameras at a New York City hostelBrian Thompson shooting: what we know about the killing and the suspect so farThe New York police department on Thursday issued a fresh image clearly showing the face of a man they suspect of shooting and killing the UnitedHealthcare CEO, Brian Thompson, early on Wednesday in Manhattan.The manhunt continued and police appeared to be closing in on the fugitive as key new clues surfaced. Continu
  
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• New bank launches savings account with 'competitive' 4.77% interest rate

  05-12-2024 17:16 via express.co.uk
  
  The new savings account offers a "competitive" deal for those looking to lock their cash away for one year.
  
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• Two million pensioners in poverty 'not considered' in Keir Starmer's 'six milestones'

  05-12-2024 17:14 via express.co.uk
  
  Independent Age's helpline has been "inundated" with calls from frightened older people in recent months.
  
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• Inheritance tax update as Labour responds to 130,000-strong petition

  05-12-2024 16:19 via express.co.uk
  
  Ministers have defended the decision to hike inheritance tax on farming estates, claiming the current system is "not fair"
  
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• Economy to shrink as Rachel Reeves 'snuffs out wealth and stunts growth'

  05-12-2024 13:52 via express.co.uk
  
  PM Keir Starmer has only been in power five months but some of the hardest working Brits are already throwing in the towel.
  
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• Cash ISA pays ‘highest interest rate’ of 5.18% - but it comes with ‘catches’

  05-12-2024 13:23 via express.co.uk
  
  The Cash ISA deal's conditions "can be confusing" but it's "worth considering", a savings expert has said.
  
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• CEO of Mike Ashley’s Frasers Group says budget felt like being ‘kicked in the face’

  05-12-2024 13:21 via theguardian.com
  
  Sports Direct owner reports weaker consumer confidence before and after the budget as it cuts profit expectationsThe chief executive of the high street retail giant Frasers said that “we felt we’d been kicked in the face” after Rachel Reeves’ autumn budget.Frasers said it had witnessed weaker confidence among shoppers leading up to and since the budget, as the company reduced its profit forecasts for the year. Continue reading...
  
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• DWP Universal Credit rules change means claimants get extra £420 support

  05-12-2024 13:08 via express.co.uk
  
  Benefits payments are increasing by 1.7 percent next April.
  
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• How climate risks are driving up insurance premiums around the US – visualized

  05-12-2024 12:00
  
  ‘Tight correlation’ between premium rises and counties deemed most at risk from climate crisis, experts sayConcern over the climate crisis may evaporate in the White House from January, but its financial costs are now starkly apparent to Americans in the form of soaring home insurance premiums – with those in the riskiest areas for floods, storms and wildfires suffering the steepest rises of all.A mounting toll of severe hurricanes, floods, fires and other extreme events has ca
  
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• NS&I Premium Bonds holder scoops £100,000 off £505 savings - check if you've won

  05-12-2024 11:16 via express.co.uk
  
  Premium Bonds savers can secure "big wins" from "small savings" NS&I has said.
  
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• Building society launches new mortgages to help first-time buyers borrow £52,000 more

  05-12-2024 11:09 via express.co.uk
  
  Leeds Building Society has increased the maximum amount that first-time buyers can potentially borrow as a multiple of their earnings.
  
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• Shell and Equinor to merge UK North Sea oil and gas assets

  05-12-2024 10:23 via theguardian.com
  
  The deal will create North Sea’s biggest independent producerShell and Equinor will combine their UK North Sea offshore oil and gas assets to create a new company with 1,300 employees.Based in Aberdeen, the company will be the North Sea’s biggest independent producer is expected to produce more than 140,000 barrels of oil equivalent (BOE) a day next year. Continue reading...
  
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• Vodafone and Three given approval to merge

  05-12-2024 09:33 via theguardian.com
  
  Watchdog greenlights deal to form UK’s biggest mobile network with 27m customers after demanding 5G upgradesWhat would Vodafone/Three merger mean for customers?Vodafone and Three have been given the green light to create the UK’s largest mobile phone operator after agreeing to invest heavily in upgrading the merged group’s network across the country.The Competition and Markets Authority (CMA) said the pair must commit to upgrading 5G coverage and offer short-term customer prote
  
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• ‘Climate bomb’ warning over $200bn wave of new gas projects

  05-12-2024 07:00 via theguardian.com
  
  New liquefied natural gas projects could produce 10 gigatonnes of emissions by the end of the decade, close to the annual emissions of all coal plantsA $200bn wave of new gas projects could lead to a “climate bomb” equivalent to releasing the annual emissions of all the world’s operating coal power plants, according to a report.Large banks have invested $213bn into plans to build terminals that export and import gas that is chilled and shipped on ocean tankers. But a report has
  
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• I gave up bulk buying – and changed my attitude to money | Emma Brockes

  05-12-2024 06:00
  
  Haul culture, fast fashion and warehouse shopping are not only a waste of hard-earned cash and resources but a titanic misuse of timeOne of the conventional pleasures of the American shopping experience has been buying more than you need while telling yourself you are being highly efficient. Beans in 12-packs; two, gallon-bottles of olive oil shackled at the collar bone; high-end electronics like the multipack Philips Sonicare electric toothbrushes I once bought for $300. $300! Where are those t
  
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• Bitcoin price tops $100,000 for first time as Trump win fuels crypto fever

  05-12-2024 04:03 via theguardian.com
  
  Largest cryptocurrency, prone to volatile market surges, lifts amid hopes of lighter regulation with Trump’s returnBitcoin has crossed $100,000 for the first time, scaling a fresh record high amid a euphoric rally sparked by Donald Trump’s election victory.The world’s largest and most valuable cryptocurrency – prone to volatile market surges and routs – has been lifted in recent weeks by hopes that the president-elect’s return to the White House will usher in
  
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