en-gb Money

Money

Liz Truss to hold showdown talks with Australia over 'glacially slow' trade negotiations

Liz Truss to hold showdown talks with Australia over 'glacially slow' trade negotiations

2021-04-20T20:51:30Z

SafeMoon: 11 things to know as SafeMoon cryptocurrency soars ANOTHER 100%

SAFEMOON continues to fascinate investors as prices of the cryptocurrency have skyrocketed another 100 percent. Here's 11 things to know about SafeMoon.

2021-04-20T19:05:31Z

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.

2021-04-20T21:18:04Z

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.

2021-04-20T21:59:57Z

BEN WILKINSON: Barclaycard's sweeping credit cuts may cost it dearly

Surely credit card companies want us to spend? You'd think providers would be licking their lips in anticipation after economists predicted a multi-billion pound post-lockdown spending spree.

2021-04-20T22:00:01Z

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.

2021-04-20T21:27:39Z

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.

2021-04-20T21:27:19Z

Surge in fuel and fashion costs drive inflation rate back up to 0.7%

The rate of inflation ticked up markedly in March as fuel and fashion costs rose in anticipation of an easing in coronavirus lockdown measures, according to official figures.

2021-04-21T06:22:29Z

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...

2021-04-21T04:07:33Z

Netflix shares tank as it predicts slowest growth in history

Netflix shares tank as it predicts slowest growth in history

2021-04-20T21:06:27Z

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.

2021-04-21T06:36:02Z

Can buzz around PensionBee sweeten YOUR retirement? Easy-to-use app lets savers combine all their pensions in one pot

The Pensionbee app, founded by former banker Romi Savova (pictured), has been praised by some personal finance experts for its user-friendly interface and simple fee structure.

2021-04-20T21:11:37Z

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

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

2021-04-21T00:57:14Z

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.

2021-04-20T21:18:11Z

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.

2021-04-19T19:09:03Z

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".

2021-04-20T18:42:50Z

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.

2021-04-20T23:05:33Z

'Pretty paltry' interest rates on ISAs sparks savings warning - can you get better rate?

INTEREST RATES available on cash ISAs have been branded "pretty paltry" today, with relatively low interest rates being seen across a wealth of savings products on the market right now.

2021-04-20T17:50:26Z

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.

2021-04-20T23:17:11Z

Asian shares, oil hit by coronavirus risks to outlook

Asian shares, oil hit by coronavirus risks to outlook

2021-04-21T01:37:22Z

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?

2021-04-18T22:04:02Z

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".

2021-04-20T17:50:39Z

At least 13 highly paid bureaucrats had second jobs during time at Whitehall

At least 13 highly paid bureaucrats had second jobs during time at Whitehall

2021-04-20T20:51:40Z

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...

2021-04-21T06:25:56Z

FTSE 100 set to pause for breath after heavy fall amid fresh global Covid concerns

The FTSE 100 was set to pause for breath today after heavy selling yesterday saw London shares tumble 2% on concerns about Covid’s global spread. A rally in European stocks that has been running for nearly two months came to a shuddering stop with travel, banking and retail stocks all tumbling. A European Central Bank survey showing banks could squeeze lending to smaller businesses, crimping growth in the region, led to heavy selling in the...

2021-04-21T05:51:58Z

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

2021-04-21T01:37:18Z

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?

2021-04-20T22:00:14Z

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.

2021-04-21T05:47:21Z

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.

2021-04-21T06:02:29Z

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.

2021-04-21T01:03:44Z

Hair by Amazon? Tech giant to open hi-tech salon in London

Amazon has announced a surprise move into the world of hairdressing with the opening of a hi-tech hair salon in London that boasts special mirrors able to show customers how they would look with a different hair colour before they take the plunge. With its promise to showcase the latest in cutting edge technology, the Amazon Salon in Spitalfields, east London, could consign hair dye swatch books to the dustbin of history with its augmented...

2021-04-20T18:22:08Z

All credit to Primark for repaying furlough cash as sales resume with a whoosh

The queues around the block told the story. After reopening, Primark took only six days to beat its previous seven-day record for sales in the UK. More than half the stores beat their previous bests. The official tone from the boardroom of Associated British Foods, Primark’s owner, is still cautious as the estimate for lost sales in the second half of the trading year has been increased to £700m. But that is largely because of continuing...

2021-04-20T19:55:25Z

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

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

2021-04-21T02:37:25Z

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.

2021-04-20T21:32:50Z

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.

2021-04-20T21:09:48Z

Netflix's pandemic party turns to hangover as lockdowns lift

Netflix's pandemic party turns to hangover as lockdowns lift

2021-04-21T05:21:38Z

Rishi Sunak's 'Britcoin' vision branded 'waste of time' and copy of 'failed' Chinese plan

RISHI Sunak's plan for a British pound-based digital currency, dubbed "Britcoin", has been savaged by an expert who has said it is destined to be a failure and claimed it is a "waste of time".

2021-04-20T17:54:34Z

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

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

2021-04-20T23:07:08Z

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.

2021-04-21T06:47:19Z

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,...

2021-04-20T23:07:21Z

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

2021-04-21T04:35:48Z

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...

2021-04-20T23:07:15Z

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

2021-04-20T21:17:53Z

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.

2021-04-21T03:05:47Z

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.

2021-04-20T21:32:51Z

Retailer Carrefour unveils share buyback after strong Q1 sales

Retailer Carrefour unveils share buyback after strong Q1 sales

2021-04-21T05:42:44Z

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.

2021-04-20T21:59:57Z

Next boss Wolfson's pay jumps 28 per cent despite profit drop amid lockdown

Next boss Lord Simon Wolfson's pay jumps 28 per cent despite profit slump, closed stores and furloughed staff The post Next CEO Lord Simon Wolfson's pay jumps 28 per cent despite profit plunge, shut stores and furloughed staff appeared first on CityAM.

2021-04-20T19:32:05Z

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...

2021-04-21T06:25:50Z

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

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

2021-04-21T01:07:13Z

Older Posts →