Businesses react angrily as RBS tells business customers: We may charge you to hold your deposits if interest rates go negative July 26, 2016 Businesses have reacted angrily after RBS and its subsidiary, NatWest, wrote to business customers to warn that they may have to charge them to hold deposits if interest rates go negative. In a letter to business and commercial banking customers, the lender wrote that it was making a number of changes to their terms and conditions – [...]
Bankers in this specialism take home the biggest pay packet July 26, 2016 Banking is known to be one of the best-paying sectors in the UK – but which specialism you go into has a huge effect on the amount you'll take home at the end of each month. If you're considering a change of direction, you could do a lot worse than check out this chart, compiled [...]
Profits and shares fall at hedge fund that’s about to lose its Man July 26, 2016 Hedge fund company Man Group today committed itself to the UK as it reported a large drop in profits for the first half of the year. The share price of Man, whose chief executive Manny Roman is leaving for Pimco later this year, dropped around three per cent to 119p on Tuesday morning after the interim results [...]
Watchdog warns more to be done on “persistent and potentially problematic” levels of credit card debt July 26, 2016 More needs to be done to tackle the UK's "potentially problematic" levels of credit card debt, the financial sector watchdog has warned today. A report by the Financial Conduct Authority (FCA) found that although competition in the credit card market generally works in the favour of consumers, there is little incentive for providers to help out those [...]
Biotech, robots, Fangs – what’s the hottest tech to invest in? July 26, 2016 The sudden craze for mobile game Pokémon Go has brought the spotlight back onto the potential for investors in technology. The game became the fastest-adopted in history following its release two weeks ago, and shares in co-owner Nintendo rose a massive 70 per cent. The share price has since been tempered with a 17 per cent [...]
What’s yours is mine – or not: The etiquette of co-working spaces July 26, 2016 The collaborative economy has brought with it an increase in the number of shared workplaces. Studies have indicated that as many as 88 per cent of millennials have expressed a desire to be part of this collaborative working culture. The number of self-employed workers in the UK is growing, and high rents on office space mean [...]
No Regrexit among UK investors with FTSE 100 at 11-month high July 25, 2016 With the FTSE 100 trading at its highest level since the summer of 2015, retail investors have reported no regret over how they voted in the EU referendum. Unsurprisingly perhaps, a poll by the Share Centre has revealed 56 per cent of investors say they are happy with the result of the referendum – bang in [...]
Bupa confirms permanent positions for Bourke and Linton after board shake-up July 25, 2016 Bupa today rubber-stamped its interim board changes from earlier in the year. The British healthcare provider announced that former finance chief Evelyn Bourke would take the reins as chief executive on a permanent basis, with interim finance chief Joy Linton also having her role confirmed. “We are delighted to appoint Evelyn as chief executive of Bupa. I [...]
Being popular pays: Why workers who find jobs through friends earn more July 25, 2016 Developing new skills, taking on an ambitious project or studying for a qualification around work hours are tried and tested ways of boosting your pay check. But new research suggests the secret to landing a higher paid job is a good circle of friends, both inside and outside of the workplace. Read more: This is how many [...]
Bad news, renters: This tax change does not benefit you July 25, 2016 If you're renting your home and feel the property ladder is but a dream, you might want to look away now… The recently introduced additional stamp duty charge on second homes will ultimately wind up hurting renters, a pressure group has warned today. The TaxPayers' Alliance is calling on the new chancellor to scrap the [...]
