Advertisement
Search
Search within

Stock market chief insists there is a 'strong cause for optimism' as she pins hopes on a

Julia Hoggett said there was 'no sense of panic' after a recent exodus of companies that has led to anguished soul-searching about London's future as a global financial centre. Instead, hopes are rising that after a prolonged winter for the London market, spring is at last arriving, with a series of flotations from fashion giant Shein to retailer Boots that could help it burst back into life.

United Utilities, led by chief exec Lauren Beardmore (pictured), raked in just under £2bn in the 12 months to March 31 - up 8.1% on the previous year.

I'm starting a new anti-FIRE movement called CHILL, says ANDREW OXLADE

Barely a week passes without mention of the powerfully appealing phrase 'early retirement' - on social media and news websites, and among bloggers and podcasters. Escaping the rat race has always held appeal but the allure appears to be growing and becoming more intense. I checked on Google Trends, just to check the rise is real. And yes, the number of searches for 'retire early' has risen three-fold in a decade..

Average mortgage rates have been on the increase since the start of February - and mortgage brokers say today's announcements could mark a change in direction.

We have already built up a £15,347 nest egg, with £4,182 of that being interest - and the figures highlight the benefits of investing for children.

I was told it wouldn't investigate further unless I made an £800 payment off my balance, and I've resorted to hiding the car to prevent it being seized. Can you help?

Follow
MailOnline

Follow
@MailOnline

MARKET REPORT: Dow Jones tops 40,000 as investors bet on rate cuts

The Dow Jones Industrial Average - one of the world's leading benchmarks - hit the 40,000 mark for the first time. The S&P 500 and Nasdaq also hit new highs - just days after figures showed inflation in the US cooled last month. The Dow - home to giants such as consumer goods brand Procter & Gamble and Coca-Cola - has recovered after falling below 18,600 in March 2020.

Beckham (pictured with Hugo Boss chief exec Daniel Grieder) will launch his first formal and casual collections for the German fashion house next spring.

The Chinese insurance group Ping An has an 8% holding in Europe's largest lender, worth some £10bn. But the relationship has been tumultuous.

The company, which also owns the Goldsmiths and Mayors chains, bemoaned the 'minimal return of tourist spending due to the lack of VAT-free shopping'.

EasyJet's boss is stepping down next year and the group unveiled a bigger than anticipated loss on Thursday. Ancillary revenue is, however, on the up.

Unveiling her plan to turn the telecoms giant around, Allison Kirkby (pictured) chided investors who have placed a record £300m bet against the company.

Is your ex hiding assets in a divorce? STEPHEN GOLD explains the most common secrets and

Are you sitting? Stand by for a shock. Sometimes, one or both parties withhold the existence of assets or underestimate their value, says Stephen Gold in his new guide to divorce. Today, he looks at how to reach an agreement, and what happens when one ex tries to cheat the other out of their fair share of marital assets

EXCLUSIVE

A sinister tactic known as shoulder surfing is on the rise in the UK. Fraudsters are watching unwitting people log in to their mobile banking apps over their shoulder.

My mortgage was declined because the home isn't in a 'saleable' area: What can I do?

I had an offer accepted on a flat in one of the cheaper areas of Greater Manchester. However, the mortgage valuation has now come back stating there is 'a lack of/no owner occupiers living in the immediate area' and that it is 'not in a saleable location.' The application has therefore been declined. Does this mean no lender will offer me a mortgage?

People in their mid to late 40s and early 50s need to be aware of the change if they want to retire early, or use some of their pension savings to clear debt or meet other expenses.

The message from across the Atlantic is that after a scare US inflation is moderating and the booming economy may be taking a breather.

Fraudsters are brazenly advertising fake banknotes on social media, currency firm warns

Social media sites, including Facebook, Instagram and X are awash with carefully targeted adverts offering free postage and discounts on counterfeit notes. The adverts show wads of £10 and £20 notes as well as high-denomination Euro notes, claiming the fake cash is realistic enough to pass security checks.

Limited access accounts are surging in popularity. Last week Paragon came out with a new version which propelled it to the top of the best buy tables.

As many as 31% of people in the UK said they feel that there is nothing they can do to improve their financial situation, according to research from Creditspring.

The best month to sell your car REVEALED - and why SUVs get the highest price at a

When is the best time of year to sell your car to guarantee you get the best price? A new study based on the volume of sales and average prices for each of the major vehicle types - including hatchbacks, saloons and convertibles - contradicts the age-old belief that the hotter months are generally the best time to sell a car. But what if you need to part ways with your motor right now? We reveal which models are selling fastest this month...

The share of the new car market held by EVs is predicted to be just 19.8% in 2024, which is below the Zero Emission Vehicle mandate requirement introduced this year.

The average retailer profit margin - the difference between the amount they pay for fuel and the price they charge at forecourts - is around double what it was pre-pandemic.

I don't want smart meters, so Eon is charging me £316 to replace my old ones: SALLY SORTS

I have gas and electric meters that need changing as they are now pretty old. Eon has been trying to persuade me to have smart versions fitted but I have resisted. Over the phone an Eon agent told me I could have conventional, non-smart meters fitted but it would cost £147 per meter, whereas the smart meters would be free. I said I would rather pay than have smart meters. I have just received a message stating that the charge will now be £158 per meter. Why has the amount changed?

At 58 years-old, Eddie Buglass had been drawing down on his Scottish Widows pension on an irregular basis for two years.

The National Audit Office found that the average wait time was nearly 23 minutes in the first 11 months of 2023-24, up from five minutes in 2018-19.

Will Nationwide pay out a £100 loyalty bonus again this year?

Last June, 3.4m Nationwide members received a £100 payment from the building society. Now, Nationwide members will be wondering whether the offer will be replicated this year. As a building society, Nationwide is owned by its customer members, who are meant to benefit from profits through better rates on savings, mortgages and other products.

Reality TV stars charged by City watchdog over unauthorised trading scheme: Influencers

A number of reality TV stars have been charged by the City watchdog over allegations that they were paid to promote risky investments to their millions of Instagram followers. The Only Way is Essex's Lauren Goodger and Love Island's Biggs Chris are among those accused by the Financial Conduct Authority - and they could face up to two years' imprisonment if convicted.

United Utilities revenues near £1.9bn thanks to higher water bills amid Windermere sewage

United Utilities is expecting its costs to increase due to regulatory charges meaning it may have to pay for overflows from high rainfall. However, the water company is also forecasting a 10 per cent increase in annual revenue, boosted by higher inflation. A report by the BBC this week claimed United Utilities failed to stop illegal pollution of Windermere, in the Lake District, for 10 hours in February.

Doubling down on its high-street presence, Superdrug said it will be creating 'bigger and better store formats in prime retail destinations.'

The US energy giant, the third-largest in the world by market value, is putting its assets up for sale. A successful deal could raise an estimated £800m.

Shares in the Bath-based company soared 19.4% to £10.39 by late Thursday afternoon, taking their gains since the year started to around a third.

The food manufacturer reported its adjusted pre-tax profits grew by 15.1 per cent to £157.9million in the year ending 30 March, compared to analyst expectations of around £153million.

Watches of Switzerland defies luxury slowdown with 'cautiously optimistic' outlook

Watches of Switzerland shares rose sharply on Thursday after the group said it was 'cautiously optimistic' about the year ahead. The group's share price jumped 11.25 per cent or 38.00p to 375.80p, having fallen nearly 50 per cent in the last year. Watches of Switzerland, which sells brands like Rolex and Cartier, forecast higher revenues of £1.67billion to £1.73billion in its new financial year.

The Footsie is up nearly 10% this year. And the FTSE 250, which is more domestically-focused, also rose - by 0.7%, or 134.56 points, to 20,753.08.

The Cambridge-based business - best known for selling computers to amateur coders and hobbyists - is expected to be valued at £500m.

I'm 77, still working and worth £2.6m - how can I cut inheritance tax?

I'm 77 and have a £70,000 a year final salary pension from an employer that I worked for 30 years but after retiring I also set up my own business which makes about £50,000 a year. I would like to start giving some money away, as I realise a large chunk of my estate will end up facing inheritance tax. I should have done more of this earlier - as time may not be on my side here - what can I do?

Sainsbury's now tells customers to go to the POLICE to investigate stolen Nectar points…

A Sainsbury's customer who lost £230 Nectar points to fraudsters has been directed to the police to investigate, but it is not a recordable crime. Nectar, which Sainsbury's bought in 2018, has been beset by problems with fraud, but little seems to have been done.

As with our debit and credit cards, we expect some level of security when we hand over our details to supermarkets. Sadly, some Sainsbury's customers can't say the same.

Around 18 million married Britons living in the UK still don't have a prenuptial agreement in place to help divide their assets should their relationship breaks down

I'm worried about losing annuity income if my husband dies before me: Steve Webb replies

We were never asked whether, if my husband should pass away first, the pensions would pass to me his wife, so we were misinformed I believe. My husband is now diagnosed with dementia and I am going to lose the pensions if he should pass away. Can this annuity be cashed in?

The UK is running out of interest in heat pumps, with just one in ten people wanting to get one installed in place of their gas boiler.

High insurance costs have led many Britons to choose to pay for at least one of their insurance deals monthly to avoid a massive annual bill.

My neighbour has started keeping bees - can I stop him? DEAN DUNHAM replies

My neighbour has started keeping bees - is there any way I can object to this? The starting point is that your neighbour is entitled to keep bees and if they cause you no harm or significant issues you will not be able to object or stop your neighbour just because you do not like the idea.

If you dislike acute shocks, seek an order from the court even if there are no financial remedies for either party. This protects you from future claims.

I have a sneaking feeling there is a growing belief divorce is too expensive and a loveless marriage is preferable to a dreaded financial remedies order, says Stephen Gold in his new series on divorce.

How reliable are the most popular used cars? Here's how the top nine in 2024 fare

With the second-hand car market booming right now, can you really count on getting your hands on a solid and reliable used motor? In the case of the Ford Fiesta (pictured top left) - Britain's most traded second-hand vehicle in the first three months of the year - the chances are you'll get a pretty dependable vehicle. That's according to a new piece of research by extended warranty provider, Warrantywise, which has analysed its own data to give a reliability rating for the 10 most popular second-hand models in the UK in 2024. Is your car on the list? And if so, how well does it fare?

Chinese EV start-up Leapmotor will begin selling cars in nine European countries from September. It will then enter the UK market in March 2025 with the T03.

Think all new cars are expensive? You can get a value for money new car for a cheap price, as Ray Massey shows us with his list of new 20 cars for under £20k.

Are period properties worth the hassle? Owners spend TWICE as much on maintenance

Homeowners who live in period properties spend an average of £70,000 to keep them looking good, according to a Zoopla. The property portal revealed that period homeowners are spending more than twice as much in upkeep costs compared to non-period households. In total, it estimates that period homeowners fork out close to £70,000 on average in repairs and maintenance during their entire time at a given property.

The challenge of getting on the housing ladder is forcing many to gamble with retirement by taking on ultra-long mortgages, warns former minister Steve Webb.

Childcare vs pay: The salary you need to make being a working parent profitable

The UK is one of the most expensive countries in Europe for childcare despite various government handouts to ease the burden on working families. The average cost of a full-time 50-hour-a-week nursery place for under two-year-olds is £430 a week in London and £308 in the South East of England.

The councils that ban you from their car parks if your vehicle is TOO LONG

If you drive a particularly big car, you could be fined for parking in some public car parks. That's because five local councils have introduced length restrictions on vehicles using their parking facilities, with most setting a limit at 5 metres, which is shorter than a Range Rover and Mercedes-Benz S-Class. And more than nine in ten councils have said they have no intention of making their parking bays bigger to accommodate today's much larger vehicles, which are said to be growing 1cm wider every two years.

The latest iteration of Aston's most affordable sports car now rings in at a whopping £165,000. It means the Vantage is nearing a similar pricing ballpark as the Ferrari Roma. But is it as good?

It explains why nearly two fifths of parents struggle to find one of the spaces vacant when visiting busy car parks, such as those at supermarkets and shopping centres.

Don't scrap stamp duty tax break for those buying handful of homes, property firms urge

The stamp duty cut known as multiple dwellings relief is set to be abolished in June, mostly affecting individual landlords - but big property companies say it could also hit their margins. The tax break offers stamp duty relief on purchases of two or more properties in a single transaction, or in linked transactions.

The sun has finally arrived with gardens now coming into full spring bloom. Here's why investing time and money into your outside space could add thousands to a property if you're looking to sell.

Cheaper energy deals could be back by winter as Ofgem plans to bring back competition

Regulator Ofgem wants to scrap rules stopping energy firms from offering cheaper deals to new customers. The news means lower energy bills could be back from October - or possibly sooner, depending on how competitive gas and electricity firms decide to be.

The 365-day notice account is being offered by saving and investing platform Prosper, in a deal that This is Money has secured exclusively for readers.

Evri issues warning over huge rise in smishing scams - here's what to look out for

Smishing is used by criminals to target consumers with texts impersonating trusted organisations, and often contain a link to a fraudulent website. Evri said it had seen a 174% increase in reported scams from April 2023 to April 2024 and had closed down more than 5,000 scam sites, a 268% increase year-on-year.

My uncle has £14,000 in Dart Charge fines after he was unable to log in to settle his crossings, now the bailiffs are at his door and he is considering bankruptcy.

EXCLUSIVE

More than 12million Britons could improve their financial situation over the long term by shifting money in cash or Isas to investments, a new report reveals.

Best stocks & shares Isas: Pick the right investment account

Choosing the right DIY platform is crucial but a wealth of choice and a variety of charges can leave investors scratching their heads. We pick some of the best. We pick some of the best. We also highlight why investing in an Isa makes sense, as it should protect your hopefully growing investments from tax forever.

If you are planning on investing, or just want to know more, we tell you the 10 essential things to consider for a successful buy-to-let investment

Fixed mortgage rates are continuing to fall back from their summer peak, with a number of fixed rates deals now less than 5 per cent.

If you are interested in buying shares or know more about unearthing good companies and valuing them, read our guide to share investing.

This is Money takes a look at all of the essential things you should know about.

Premium Bonds Winners

Prize Area Value of bond
£1,000,000 Hampshire And Isle Of Wight £24,900
£1,000,000 Outer London £10,000
£100,000 Berkshire £15,000
£100,000 North Yorkshire £14,400
£100,000 Outer London £39,980
£100,000 Leicester £300
£100,000 Ealing £980
£100,000 Essex £8,875
More May 2024 winners
View list of May 2024 winners
Advertisement
   

MOST READ MONEY

Tourist rates

Currency Rate Buy now
Updated 16 May 2024.
Euro 1.14 Buy Now
US Dollar 1.239 Buy Now
Australian Dollar 1.847 Buy Now
Barbados Dollar 2.216 Buy Now
Brazilian Real 4.893 Buy Now
Bulgarian Lev 2.164 Buy Now
Canadian Dollar 1.659 Buy Now
Chinese Yuan 8.699 Buy Now
Croatian Kuna 8.293 Buy Now
Czech Koruna 26.29 Buy Now
Danish Krone 8.373 Buy Now
Hong Kong Dollar 9.473 Buy Now
Hungarian Forint 438.4 Buy Now
Icelandic Króna 164.3 Buy Now
Indian Rupee 87.48 Buy Now
Indonesian Rupiah 15659.0 Buy Now
Israeli New Shekel 4.177 Buy Now
Jamaican Dollar 147.8 Buy Now
Japanese Yen 187.1 Buy Now
Jordanian Dinar 0.778 Buy Now
Kenyan Shilling 135.1 Buy Now
Malaysian Ringgit 5.295 Buy Now
Mexican Peso 26.68 Buy Now
New Taiwan Dollar 35.76 Buy Now
New Turkish Lire 38.28 Buy Now
New Zealand Dollar 1.847 Buy Now
Norwegian Krone 13.24 Buy Now
Polish Zloty 4.849 Buy Now
Romanian New Leu 5.434 Buy Now
Russian Rouble 75.14 Buy Now
Singapore Dollar 1.639 Buy Now
South African Rand 22.44 Buy Now
South Korean Won 1549.0 Buy Now
Sterling 1.0 Buy Now
Swedish Krona 13.16 Buy Now
Swiss Franc 1.097 Buy Now
Thai Baht 42.0 Buy Now
UAE Dirham 4.453 Buy Now
Vietnamese Dong 27664.0 Buy Now
Advertisement
Advertisement