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Warren Buffett's brutal warning to Bitcoin investors: 'It will come to a bad ending'

WARREN BUFFETT warned people not to invest in Bitcoin as the cryptocurrency is probably "rat poison squared".


Child Tax Credit rates: How much is Child Tax Credit in 2021?

CHILD TAX Credit is a Government benefit which helps support people financially who are responsible for children, so how much is Child Tax Credit in 2021?


UK inflation driven up by rising cost of petrol and clothes

UK inflation jumped in March, driven by the higher cost of petrol and clothes in a signal that prices are moving to an upward trajectory as the economy recovers from the coronavirus pandemic. The Office for National Statistics (ONS) said the consumer prices index rose to 0.7% last month, up from 0.4% in February. The increase was slightly below the 0.8% forecast by City economists. However, the cost of food fell back on the year, as some staples...


Bitcoin 'may be legislated out of existence' as Sunak proposes 'digital pound' to match EU

BITCOIN "may be legislated out of existence," according to an investment expert, as Chancellor Rishi Sunak aims his sight at matching the proposed "digital euro".


Inflation creeps up, but food gets cheaper

INFLATION is heading slowly upwards, with the cost of petrol and clothes rising but some foods getting cheaper. The latest figures from the ONS show that inflation in March rose to 0.7%, up from 0.4% in February. That is still low, and far below the Bank of England’s target of 2%. But it will prompt talk that the government needs to be wary of it beginning to get out of control, a blow to government finances and the ability of chancellor Rishi...


Kering's shares climb after luxury goods group posts higher Q1 sales

Kering's shares climb after luxury goods group posts higher Q1 sales


Botched audits costing Britain billions of pounds by failing to prevent corporate collapses, economist warns

Accountancy firms are costing workers, suppliers and the economy billions of pounds, according to a report by Carsten Jung, senior economist at the Institute for Public Policy Research think tank.


Savings platforms open to further regulation after City and banking watchdogs ask banks to review oversight

Deposit aggregators welcomed the recognition of their sector by the regulators


COVID-19 changed esports. Here's how

2020 has been a challenging year for all sports, and that includes esports. The gaming industry has played a larger role in the global entertainment space due to the pandemic, but it’s also been majorly affected like every other area of society. Here are some of the most significant ways COVID-19 has changed esports, for better and worse.


Pound to euro exchange rate: Sterling 'lost ground' yesterday after 'best day in month'

THE POUND "lost some modest ground" against the euro yesterday, according to experts, even though it started the day trading above the 1.16 handle. But what does this mean for your travel money?


Home loan for LESS than 1%: Lowest rate in a year, new 95% deals for first-time buyers... Are we in for a mortgage price war?

Last week, Hinckley & Rugby Building Society launched a two-year discount variable mortgage at 0.99 per cent,while a raft of state-backed 95 per cent mortgages went live on Monday


Asian shares, oil hit by coronavirus risks to outlook

Asian shares, oil hit by coronavirus risks to outlook


Accept working from home as the new normal, insurance industry told

Millions of people might find their insurance policies do not cover them for work-related accidents that take place at home The post Accept working from home as the new normal, insurance industry told appeared first on CityAM.


FTSE 100 rises on boost from BP, Shell; Just Eat Takeaway slumps

FTSE 100 rises on boost from BP, Shell; Just Eat Takeaway slumps


MARKET REPORT: Tobacco investors burnt by US nicotine cap plans

British American Tobacco and Imperial Brands dropped after media reports said the Biden administration was mulling rules that remove so much nicotine that smoking is no longer addictive.


Bitcoin latest: The FIVE cryptocurrencies that could outshine Bitcoin - ones to watch

BITCOIN has taken the world by storm and is currently one of the most successful attempts at digitising money. Here are the five cryptocurrencies that are expected to outshine Bitcoin.


230 Argos jobs at risk as owner Sainsbury’s closes distribution site

Argos has said it is set to close its Somerset distribution site, putting 230 jobs at risk at the retailer’s The post 230 Argos jobs at risk as owner Sainsbury’s closes distribution site appeared first on CityAM.


Bitcoin is NOT too big to fail 'The bubble will burst at some point'

BITCOIN is NOT too big to fail and some experts predict it is a "bubble that will burst at some point" despite historic highs in the past few weeks.


Why energy suppliers owe YOU £1.4bn (and how you can get it back): Greedy firms hoard cash from customers in credit on their bills

As the weather warms up, gas and electricity bills are falling across the nation. But many households are owed hundreds, even thousands, of pounds after paying too much for their power.


Insurance warnings over WFH as office reluctance rises

Blurred boundaries and complex circumstances are jeopardising millions of insurance policies, insurance customers are being warned, as the world weighs up the pros and cons of working from home permanently. Official figures from the Office for National Statistics show that, unsurprisingly, the number of people who worked from home in 2020 increased substantially to more than a third of the population – during lockdowns and in periods of...


Bill Gates ‘betting on total collapse' of Bitcoin as cryptocurrency plunges in value

BILL GATES is "betting on the total collapse" of Bitcoin, according to analysts, as the cryptocurrency plunged 15 percent over the weekend.


Asda swoop fuels petrol price fears: Watchdog warns £6.8bn takeover could hit motorists in the pocket

The Competition and Markets Authority said the sale of Britain's third-largest supermarket to the Issa brothers (pictured) raised concerns about the cost of fuel in many areas of the country.


Don’t allow doubts to stop the EU-Mercosur deal

Fears are centered on unfair competition and that an increase in production could cause higher deforestation in the Amazon rainforest


Pension warning: Britons need average £390,000 plus state pension for retirement - act now

A PENSION warning has been issued as the true cost of retirement has been unveiled, and many Britons will need to act to ensure they have enough.


Netflix's pandemic party turns to hangover as lockdowns lift

Netflix's pandemic party turns to hangover as lockdowns lift


Will Dogecoin crash?

DOGECOIN has emerged as an unlikely contender on the cryptocurrency market, where it has made a killing over the last couple of months thanks to widespread popular appeal. Will Dogecoin crash?


UK joins race for digital currency

UK consumers may soon find themselves dealing in a government-backed digital currency as well as traditional cash after the chancellor announced plans to explore the possibility of an electronic version guaranteed by a central bank. Speaking at Fintech Week, Rishi Sunak outlined details of a new drive to “push the boundaries of digital finance” with a range of measures including exploring how a digital currency – money held and managed on...


Leading finance firms sign up to Mark Carney forum on low-carbon investment

Banks and financial institutions with more than $70tn assets have pledged to cut their greenhouse gas emissions and ensure their investment portfolios align with the science on the climate. In the initiative, chaired by Mark Carney, the former governor of the Bank of England, 160 companies, including 43 banks from 23 countries, will set targets to cut the carbon content of their assets by 2030, in line with an overall goal of net zero emissions...


Unemployment has stabilised but there will be economic pain ahead

There are high levels of business optimism. Survey after survey has told us this, from reports from Deloitte on large The post Unemployment has stabilised but there will be economic pain ahead appeared first on CityAM.


ROSS CLARK: Green dream that will cost us the earth

ROSS CLARK: Has Boris Johnson - the man who once said wind farms 'couldn't pull the skin off a rice pudding' - really thought through the implications of his carbon emissions target?


FTSE 100 ticks up to recover from heavy Tuesday fall

London’s FTSE 100 rebounded from a two per cent fall in the previous session to edge 0.5 per cent higher The post FTSE 100 ticks up to recover from heavy Tuesday fall appeared first on CityAM.


Coronavirus in Scotland: Poundland reopens these five branches next week

High-street store Poundland has announced the reopening of five branches in Scotland next week, including a flagship branch on Edinburgh’s Princes Street, as lockdown restrictions ease.


UK households suffer bigger income hit than in Germany and France: study

UK households suffer bigger income hit than in Germany and France: study


FCA raises the alarm over crypto bets frenzy just a day after Bank of England announced plans for a digital coin

Financial Conduct Authority chief Nikhil Rathi (pictured) told investors - particularly the young - to avoid the crypto craze amid the soaring popularity of the likes of bitcoin.


Oil prices drop as India's COVID-19 surge crimps demand outlook

Oil prices drop as India's COVID-19 surge crimps demand outlook


UK government must save Liberty Steel soon to protect supply chain jobs, warns Labour

The Labour party has called for the government to step in to save Liberty Steel from an insolvency that could threaten thousands of supply chain jobs if owner Sanjeev Gupta fails to find a new lender to prop up his metals empire. Gupta is scrambling to refinance his companies, after the collapse of Greensill Capital, which lent him as much as $5bn (£3.6bn). The collapse has raised concerns over the future of companies under Gupta’s GFG umbrella,...


How the pandemic is killing plastic: We've paid off billions in credit card debt, we're using them less... but Barclaycard's insulting credit caps are the final straw

Credit card provider Barclaycard is facing a mass exodus of loyal customers after suddenly slashing the credit limits of more than 100,000 customers by as much as 99 per cent.


Home cooking, booze demand fire up global grocery sales in 2020 - report

Home cooking, booze demand fire up global grocery sales in 2020 - report


Cabinet ministers back Tory push against Sunak for lower taxes post-Covid

Some of Boris Johnson’s highest profile cabinet members are among 46 Tory MPs that today backed a new campaign group The post Cabinet ministers back Tory push against Sunak for lower taxes post-Covid appeared first on CityAM.


Antofagasta production on track but miner warns on Chile lockdown

Mining giant Antofagasta today said its production and costs were in line with expectations in the first quarter but warned The post Antofagasta production on track but miner warns on Chile lockdown appeared first on CityAM.


State pension warning: Married urged to check payments as hundreds of thousands underpaid

STATE PENSION payments are important to millions of people, and bearing this in mind, married women are being urged to check theirs - as they could be underpaid.


Martin Lewis explains how some employees can choose to get 'more money' from employer

MARTIN LEWIS is a financial journalist and campaigner who regularly shares his money saving tips and insights with Britons. From savings to pension contributions, the Money Saving Expert founder recently highlighted some ways to make money work harder.


Dollar licks wounds after drop to 7-week trough amid lower U.S. yields

Dollar licks wounds after drop to 7-week trough amid lower U.S. yields


Retirement savings app PensionBee to land £365m value in market float - live updates

Retirement savings app PensionBee to land £365m value in market float - live updates


Bunzl revenue rises on strong COVID-19 product sales, acquisitions

Bunzl revenue rises on strong COVID-19 product sales, acquisitions


UK chip maker Arm could return to London's stock market if £29bn Nvidia deal falls through

There is a mounting shortage of computer chips worldwide, with some analysts now suggesting that A|rm owner Softbank may find it easier - and more lucrative - to re-list on in London.


Cash savings websites offer huge rates boost

Cash savings websites have become increasingly popular among starved savers. But City watchdogs warned last week that firms are not being clear enough about exactly how these services work.


Just Eat to offer 1,500 Liverpool couriers minimum hourly rate and sick pay

Just Eat is to offer 1,500 takeaway couriers in Liverpool minimum pay, sick pay and holiday pay by the end of the year as it shifts away from using independent contractors. The food delivery group, which recently began building its own courier network in the UK alongside putting customers in touch with takeaways that carry out their own delivery, said it would expand a worker model for couriers that it was already operating in London and...


Brexit LIVE: UK blows top at Australia as £17bn trade deal stalls - 'Show us the money!'

LIZ TRUSS is preparing for a showdown with her Australian counterpart after talks for a free trade deal stalled in the past four months.


BHP sees full-year iron ore output near upper end of forecast

BHP sees full-year iron ore output near upper end of forecast