en-gb Money

Money

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?


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

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


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...


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.


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

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


McLaren sells F1 factory in £170 million leaseback deal

McLaren has agreed a £170 million sale and leaseback deal for its Woking Formula 1 and automotive factory.


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

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


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


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.


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.


Asian shares, oil hit by coronavirus risks to outlook

Asian shares, oil hit by coronavirus risks to outlook


Beware of the Doge: 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.


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.


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.


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.


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".


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.


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

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


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.


Netflix's pandemic party turns to hangover as lockdowns lift

Netflix's pandemic party turns to hangover as lockdowns lift


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


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?


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.


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.


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...


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

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


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.


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.


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...


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


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,...


SafeMoon price live: What is SafeMoon's price now? Will it reach $1?

SAFEMOON is one of the latest cryptocurrencies to sweep the internet, so what is SafeMoon's price now and will it reach $1?


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.


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...


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

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


Before the Bell: Netflix catches a chill while inflation is knocking

When you see American Airlines fall 8 per cent because it announced a bigger-than-expected loss in the first quarter, you The post Before the Bell: Netflix catches a chill while inflation is knocking at the door appeared first on CityAM.


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?


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.


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...


Primark to keep new extended store hours due to customer demand

PRIMARK reopened its stores in England and Wales on Monday, April 12, with most shops being open for an extra two hours a day. The retailer's bosses have now said that they will keep these new extended hours for the foreseeable future.


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.


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?


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.


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.


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.


Post-Brexit law change: Cashback without purchase to be allowed across UK

Corner shops, pubs and cafes will soon be able to offer cashback without people having to make a purchase first. The post Post-Brexit law change: Cashback without purchase to be allowed across UK appeared first on CityAM.


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...


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


Battle is on for cheap mortgage deals as property gets another boost

The latest scheme to give property buyers a step up now offers lending for just a 5 per cent deposit. Covid-19 obliterated high loan-to-value borrowing, seen as risky in the current economic climate. But a new government guarantee to banks offering these high borrowing deals to buyers launched this week with a flurry of mortgages from across the high street. First announced at the Budget, first time buyers and current homeowners looking for...


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.