Innovative Finance Isa: A guide to the new product and what it means for investors February 18, 2016 In less than two months, the Innovative Finance Isa will be launched, enabling savers to hold peer-to-peer (P2P) loans within the tax efficient wrapper. Hailed as the moment the P2P industry will chassé into the mainstream, research suggests it’ll also be popular with savers. According to research by P2P lending platform ThinCats, one in four [...]
It’s official: Twitter’s getting Gifs with search support for web, iOS and Android from Giphy and Riffsy February 17, 2016 Twitter is adding a new feature which will likely please most of the internet this time: gif support. Users will be able to search for and add gifs to their tweets directly in Twitter. "Whenever you're composing a tweet or direct message, you can search and browse the gif library. So if you're looking for the [...]
Millennials told they should be saving £800 a month if they want a £30,000 a year income when they retire; millennials react with Kanye jokes and cat gifs February 16, 2016 Millennials are having a hard enough time saving up for a deposit on a house: now they're being told they should be putting £800 aside each month for their retirement. That's the amount that Rebecca Taylor, director at the Chartered Institute for Securities and Investments, has said 25-year olds should be averaging every month for the [...]
Sunderland and England winger Adam Johnson sacked after admitting child sex charge February 11, 2016 England winger Adam Johnson was last night sacked by Sunderland after his plea of guilty to one count of sexual activity with a child and one charge of grooming. Blacks Cats boss Sam Allardyce had earlier confirmed that Johnson would not be involved in the club’s Premier League fixture against Manchester United at the Stadium [...]
Global turmoil? Four things the Bank of England could still do if we were plunged back into a financial crisis February 11, 2016 UK stocks have hit a three-year low, the economy has lost steam, and concerns are growing that, should things go pear-shaped, interest rates are so low the Bank of England has run out of ammunition. Whatever your view on whether we're about to be plunged back into the misery of a full blown financial crisis, here's [...]
Escaped Alone: Caryl Churchill’s incisive take on four women’s friendship has an absurdist streak February 4, 2016 Royal Court | ★★★★☆ At 77, Caryl Churchill isn't so much slowing down as paring down, Pinter-style. Lately, the veteran dramatist – prolific as ever – has been trimming her running times and discarding the grand experimental gestures of her early work, while keeping her wit and moral seriousness. Escaped Alone hews to the trend: [...]
P2P lending: Four predictions for 2016 February 4, 2016 After a decade of bold leaps, 2016 is the year that peer-to-peer (P2P) lending will finally come of age. It has built a loyal following of investors, but remains something of a niche asset class. This year it will launch itself as a true mainstream investment option. Why? The Innovative Finance Isa In the 2015 [...]
The Big Short interview with director Adam McKay: “Outrage with banks comes naturally… they’re street hustlers” January 22, 2016 The Oscar-nominated director of financial film The Big Short, Adam McKay, wasn't afraid of throwing the cat among the pigeons when I caught up with him yesterday. On the eve of his latest film's release he launched a stinging attack on Wall Street, branding bankers “street hustlers” and labelling the SEC’s response to the crisis “disgusting”. [...]
As challenger banks, fintech and digital payments take off, here are four reasons why 2016 will be the year banks are on the run January 20, 2016 Until recently, managing your money meant dealing with a bank. For both businesses and individuals they were pretty much the only game in town. But that’s no longer the case. Thanks to digital challengers, tech startups and the ongoing fallout from the financial crisis, banks face huge competition in all areas of their business. Each [...]
Sainsbury’s share price drops despite beating expectations as supermarket offers more detail on possible Argos deal January 13, 2016 Sainsbury's share price dropped this morning, despite beating expectations for the crucial Christmas period – and lifting the lid on its reasons for making a bid for Argos parent Home Retail Group. The figures Total retail sales for the supermarket were up 0.8 per cent in the 15 weeks to 9 January. Including fuel, sales were down [...]