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The Disney empire strikes back at Netflix – but more rivals are set to enter the fray
via theguardian.comDisney’s share price soared as customers signed up in their millions - but as costs rise, it will be a struggle for all players to survive in the crowded streaming universeDisney’s eagerly anticipated entry into the streaming wars last week proved that the days of Netflix’s virtual global monopoly are well and truly over. Backed by a stellar library of content, from the Marvel and Pixar films to the $100m live-action Star Wars series The Mandalorian, Disney+ attracted 10 millio -
Lloyds profits fall as competition for mortgages heats up
via theguardian.comPre-tax profits drop to £1.6bn between January and March, down from £2.3bn last yearBusiness live – latest updatesLloyds Banking Group has suffered a 28% drop in first-quarter profits amid tough competition for mortgages and savings, but bosses said they expected those pressures to soon ease, helped by an improving UK economy.The country’s largest mortgage lender, which also owns the Halifax brand, said pre-tax profits dropped to £1.6bn between January and March, ha -
Matchesfashion strikes a sour note as my £902 goes missing
via theguardian.comI returned two coats and the parcel was lost and then it went into administrationAt the end of January I bought two coats from Matchesfashion for £902. I returned them, but the parcel has been lost and now Matches has gone into administration and I don’t have the coats or the money.I used the DHL labels provided to send them back on 27 February, and followed up a week later as I had not received a refund. I was told my package was still in transit, so I returned to the drop-off point -
England childcare scheme may struggle to deliver places, finds ‘damning’ report
via theguardian.comWatchdog says only a third of local authorities are confident they will have enough places for SeptemberThe deployment of the government’s childcare scheme to tens of thousands more families is facing “significant uncertainties” and may struggle to meet its own targets, according to a report by Whitehall’s spending watchdog.The National Audit Office revealed the Department for Education (DfE) had assessed the likelihood of being able to deliver the funded childcare places -
Leading UK lenders raise fixed-rate mortgage deals amid ‘market uncertainty’
via theguardian.comBorrowers urged not to panic as banks including Barclays, NatWest and HSBCreadjust cost of loansAt least five leading lenders increased rates on their fixed mortgage deals on Tuesday in response to “market uncertainty”, adding to pressure on homebuyers and those looking to remortgage.Barclays, HSBC, NatWest, Accord Mortgages (part of Yorkshire building society) and Leeds building society have all upped the cost of some fixed-rate deals. In some cases these have risen by up to 0.4 per -
Was it Angela Rayner who was fined millions by HMRC? No, that was a Tory | Zoe Williams
via theguardian.comThe man who reported Labour’s deputy to the police can’t even say what he was complaining about. Meanwhile, there’s no getting away from the Conservatives’ scandalsI went past parliament last week and saw Angela Rayner. She is one of those politicians you couldn’t miss anyway, but she was also dressed in primary colours and silver shoes, the purest “up yours” outfit imaginable.It was a couple of hours after a toe-curling exchange on Sky News in which the -
Virgin Money launches new Cash ISA paying 'excellent' 5.05% interest rate
via express.co.ukVirgin Money's new account might appeal to savers happy to lock their cash away for one year. -
Surge in supply of homes for sale in some seaside locations, Zoopla finds
via express.co.ukSupply has increased particularly strongly in locations including Cornwall; Bournemouth, Christchurch and Poole in Dorset; and North Kesteven in Lincolnshire, Zoopla said. -
Fears rising school prices will force parents to pull children out of private education
via express.co.ukJust over one in five parents will have to remove their child from private school and one in four will have to take on additional borrowing to be able to afford rising school fees. -
Inheritance tax receipts reach a record-breaking £7.5bn - three ways to slash your bill
via express.co.ukHMRC raked in £400million more between March 2023 and April 2024, compared to the same period a year prior. -
Martin Lewis issues urgent warning to anyone with curtains in their home
via express.co.ukThe Money Saving Expert has issued a warning to anyone who has curtains in their home or are planning on buying the home essential. -
The expansion of free childcare has been a Tory-fied mess of a bright Labour idea | Polly Toynbee
via theguardian.comOn a visit to a combined nursery and primary school, I saw how early years provision can really be transformedPanic and a screeching U-turn. The prime minister dismissed claims there were too few nursery places for every two-year-old in England (with working parents) on 1 April, the day that entitlement to 15 hours a week began. He even said: “Staffing levels have increased and more people are at work in the sector and the number of places has also increased over the past year.” Outs -
State Pensioners given 'act now' warning to claim £1,319 a month boost - check eligibility
via express.co.ukThe Department for Work and Pensions has applied the annual uprating to both the State Pension and the disability benefit, which will see more than 1.5million older people. -
House prices warning as now is 'worst time to be first-time buyer in 70 years'
via express.co.ukRadical action is needed to turn around a slump in the number of people able realise their home owning dream, according to the Building Societies Association. -
TV licence fee petition launched that demands levy increase by £14 for more BBC funding
via express.co.ukBBC TV licence petitioners argue any reduction in the BBC's capability to produce its "best" is against the nation's interests. -
Garry Menzel joins GHO Capital as Operating Partner
Garry Menzel joins GHO Capital as Operating PartnerFormer CEO of TCR² Therapeutics with significant investment and operating experience to support deal origination and provide best in class services to pioneering healthcare companiesLondon, UK – 23 April 2024: Global Healthcare Opportunities, or GHO Capital Partners LLP (“GHO”), the European specialist investor in global healthcare, is pleased to announce the appointment of Dr. Garry Menzel as Operating Partner.Garry bring -
Pensions expert says it's 'bad news' for millions who will 'wait longer' to retire
via express.co.ukThe State Pension age is set to rise to 67 between 2026 and 2028, with another rise to 68 planned for between 2044 and 2046. -
MPs call for carer’s allowance review as numbers overpaid soars
via theguardian.comFigures show 34,500 people incurred overpayments last year after falling foul of rules, landing many with huge debtsMPs have called for a full-scale review of carer’s allowance and an end to harsh benefit rules that have resulted in tens of thousands of unpaid carers being fined huge sums and in some cases prosecuted for minor infringements of earnings limits.The calls came as new official figures showed that the number of unpaid carers incurring fines after inadvertently falling foul of e -
The Guardian view on disability, illness and work: there is no 'sicknote culture' in Britain | Editorial
via theguardian.comRishi Sunak’s latest plan to cut benefits was presented in misleading packagingEven by the low standards of his government, Rishi Sunak’s speech about the benefits system on Friday was disappointing. Worsening public health across the UK is widely recognised to be among the most serious challenges facing the country. For 2.8 million working-age people to be “economically inactive”, as they are, is not a good or sustainable situation. But there is no such thing as a & -
FTSE 100 nears record high amid rate cut hopes; Asking prices for UK homes rise – business live
via theguardian.comRolling coverage of the latest economic and financial newsFootsie turns 40: FTSE 100’s rise, rise and stagnation over four decadesThe City money markets are brought forward their forecast for the Bank of England’s first interest rate cut to August.City investors are pricing in a more rapid easing from the BoE this morning, after its deputy governor Sir Dave Ramsden predicted on Friday that UK inflation could be lower than expected over the next few years. Continue reading... -
Thousands of flights to and from Europe affected by suspected Russian jamming
via theguardian.comAbout 46,000 aircraft have logged GPS problems over Baltic Sea since August, says reportFlights in and out of Britain are among thousands that have been affected by suspected Russian jamming of GPS systems.More than 2,300 Ryanair flights have reported incidents of GPS interference since last August, according to a report, as well as almost 1,400 at Wizz Air, 82 at British Airways and four from easyJet. Continue reading... -
Royal Mail owner’s chair seeks to charm investors after Czech billionaire’s bid
via theguardian.comKeith Williams says £3.1bn offer from Daniel Křetínský’s EP Group is opportunistic and undervalues IDSBusiness live – latest updatesThe chair of Royal Mail’s owner is to conduct a charm offensive with investors in an attempt to convince them of its strategy, in the face of a potential £3.1bn hostile takeover by a Czech billionaire.Last week, it emerged that the postal firm’s parent company, International Distributions Services, had received -
Bank of England rate-setter issues new UK inflation update before interest rates decision
via express.co.ukDave Ramsden said the UK is moving from being an "outlier" to a "laggard" in terms of inflation, suggesting a gradual convergence with global trends seen in the US and eurozone economies -
Aslef drivers to hold more train strikes in early May
via theguardian.comRolling 24-hour walkouts to halt many services on c2c, Thameslink, Southeastern, LNER and moreTrain drivers will strike again in early May in a series of rolling 24-hour walkouts that will bring many services around Great Britain to a halt.The Aslef union has called a set of strikes from 7 May to 9 May across all the national rail operators contracted to the Department for Transport (DfT), falling within a six-day overtime ban that is also likely to cause severe disruption on some networks. Cont -
TikTok says it will fight US ban or forced sale after bill passes
via theguardian.comPlatform’s future in US in doubt after House approves bill ordering Bytedance to sell stakeTikTok has said it will fight any ban or forced sale of the app’s US operation in the courts, after the House of Representatives passed legislation targeting the viral video platform.The company’s future in the US was placed in further doubt over the weekend after lawmakers in Washington passed a bill that will ban the app if TikTok’s Chinese owner, ByteDance, does not sell its stak -
Thames Water could raise bills to £627 a year to help fix leaks
via theguardian.comEmbattled water supplier promises to invest up to £3bn more over the next five yearsBusiness live – latest updatesThames Water could raise bills to as much as £627 a year to pay to fix its leaky network, after promising to invest up to £3bn more over the next five years.The embattled water supplier said on Monday that it had updated its spending plans for 2025 to 2030 after discussions with the industry regulator, Ofwat. Continue reading... -
Elon Musk postpones India trip, citing ‘heavy obligations’ at Tesla
via theguardian.comCEO was due to meet Narendra Modi but carmaker is likely to report worst performance in seven yearsBusiness live – latest updatesElon Musk has postponed a trip to India, including a planned meeting with the prime minister, Narendra Modi, after citing “very heavy obligations” at Tesla.The Tesla chief executive was due to visit on 21 April and 22 April, where he was expected to announce an investment of $2-3bn in the country, according to Reuters, with the spending plans focused -
Unregulated ‘identity tracers’ harass people for debts they do not owe
via theguardian.comDebt collection agencies in the UK are using fair means or foul to link people to an address where an unpaid debt has been run up, sometimes years after they have moved outThe letter from the debt collection agency arrived out of the blue, and it was intimidating. It informed Joshua Simpson* that he owed £2,212 to Octopus Energy, and accused him of ignoring previous requests to settle the bill. If he did not stump up within 14 days, he was told, further action would be taken to recover the -
Tesco accused of undercutting local shops via its wholesale business
via theguardian.comIndependent shopkeepers say prices they pay at supermarket’s cash-and-carry arm Booker are often higher than in Tesco storesVillage shopkeepers say Tesco is consistently undercutting them by selling products for less in its stores than via its wholesale business Booker, stoking concerns about the power of the UK’s biggest supermarket chain.Tesco, which has 27% of the UK grocery market, bought the cash-and-carry group in 2017 for £3.7bn, promising that the deal would benefit sho -
Lawsuit in London to allege Grindr shared users’ HIV status with ad firms
via theguardian.comHigh court action will claim US owner allowed access to app users’ private information in breach of UK lawGrindr faces the prospect of legal action by hundreds of users who will allege that the dating app shared highly sensitive personal information, including in some cases their HIV status, with advertising companies.The law firm Austen Hays is to file a claim on Monday in London’s high court alleging that the US owner of the app breached British data protection laws. Continue readi
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