10 shares to generate £10,000 income in 2019 February 11, 2019 Four years ago, we asked how much an individual would need to invest in order to generate an annual income of £10,000 from corporate dividend payments. Rising yields have allowed us to reduce the amount each year and still meet the income objective, but 2018 proved a stiffer test and requires some explaining. First, big [...]
Households told to cough up as Ofgem raises energy price cap by over £100 February 7, 2019 Households could be left more than £100 out of pocket each year as Ofgem hikes up the price it lets suppliers charge for energy. The regulator said this morning it will increase the government's energy price cap, which was meant to save customers from rip off deals, by £117. Read more: Ofgem price cap: What [...]
Shell posts highest earnings in four years as cost cutting pays off January 31, 2019 Shell restated its commitment to the North Sea as it showed its highest profits in four years this morning, boosted by higher oil prices as cost cutting at the British-Dutch oil major bore fruit. “We are quite happy with our position in the UK's North Sea,” chief executive Chief executive Ben van Beurden told reporters in London. [...]
Bills could change more than ever under government’s energy price cap, experts warn January 24, 2019 The government’s energy price limit will cause prices to fluctuate more than ever, experts are warning as Ofgem looks set to raise the cap just months after it was first introduced. The “significant” rise is expected to reach around £80 to £100 a year industry insiders say, higher than the touted £76 per annum savings [...]
Joint audit could inject some competition into the market January 22, 2019 Last week, the House of Commons’ Business, Energy and Industrial Strategy select committee opened hearings on its influential inquiry into the future of audit. Top of its agenda will be the proposed remedies set out by the Competition and Markets Authority (CMA) in its recent review, which could bring wholesale change in the UK’s listed [...]
A year on from Carillion: 12 months that brought outsourcing to its knees January 15, 2019 On the anniversary of Carillion’s dramatic collapse, two more public sector outsourcing giants, Interserve and Kier Group, are up against the ropes. In the intervening 12 months, outsourcers have lurched from one crisis to another, with profit warnings, massive project failures and revelations of systemic late payment of suppliers. City A.M. charts a year which [...]
As competition heats up, meet the energy company taking on the Big Six by cutting consumption January 14, 2019 You know the drill: energy companies lure you in with a cheap introductory rate, and once it expires, you’ve either got to repeat the hassle of shopping around for a new deal, or you’re automatically moved onto the provider’s expensive default tariff – otherwise known as the standard variable rate (SVR). This isn’t a glitch [...]
Economy Energy customers moved to Ovo days after ninth bankruptcy in a year January 11, 2019 The 235,000 customers who were left in limbo earlier this week when supplier Economy Energy went bust have found a new home with Ovo Energy. The new supplier will offer all customers a “competitive tariff” while promising to pay back those who were owed credit by Economy Energy, Ofgem said. The regulator was forced to [...]
Stock predictions 2019: Which stocks and shares will do well this year? January 2, 2019 After a tumultuous year in the markets with Brexit uncertainty, the threat of trade war and rapidly changing consumer habits, the FTSE 100 suffered its worst year since the financial crisis in 2018, ending it 12.5 per cent down. While there is no sign that 2019 will be any less eventful, with the date Britain [...]
UK inflation falls to 20-month low led by cheaper petrol prices in Christmas boost for households December 19, 2018 UK inflation fell to a 20-month low in November led by cheaper petrol prices in a boost for consumers in the run up to Christmas. Consumer prices rose by 2.3 per cent in November, down from 2.4 per cent the previous month and the slowest rate since March 2017, according the Office for National Statistics. [...]