CashNews.co Royal Mail could be allowed to ditch Saturday deliveries for second class letters under an overhaul of the UK postal service being considered by the industry watchdog. Regulator Ofcom, which has been consulting on the future of the universal postal service since January, said it is now focusing efforts on changes to the second […]
CashNews.co Fundsmith Equity manages a staggering £24billion, much of which belongs to private investors. Yet many are pulling their money out after several years of disappointing performance. Fundsmith is the flagship vehicle of star fund manager Terry Smith, who launched it in November 2010. Millionaire stock picker Smith, who now lives in Mauritius, became the […]
CashNews.co By Kirstin Ridley LONDON (Reuters) -Banks and payment companies in Britain might only have to reimburse fraud victims by up to 85,000 pounds ($111,460) – far short of an expected 415,000 pound payout cap – under new proposals published by a British regulator on Wednesday. The Payment Systems Regulator (PSR) said it was calling […]
CashNews.co Citing leaked Russian state correspondence and unnamed Western officials, the UK-based daily Financial Times reported Wednesday that Russia has been secretly acquiring sensitive goods in India and explored building facilities in the country to secure components for its war effort. According to the FT report, Russia’s industry and trade ministry, which oversees defence production […]
CashNews.co The “slow shopping” trend is gaining traction on social media as an alternative way to save money. On TikTok, a new financial trend is taking over the platform, following in the footsteps of the “loud budgeting” trend, “slow shopping” encourages consumers to be more mindful about their purchases in a different way. It’s the […]
CashNews.co Britain’s economy is set to grow faster than expected this year – but is not “heading into the fast lane” yet as uncertainties continue to weigh, according to a report. The British Chambers of Commerce (BCC) has upgraded its UK growth forecast to 1.1% in 2024, up from the 0.8% previous projection. It kept […]
CashNews.co Martin Lewis has issued a warning to parents not to take a government scheme at face value. The Tax-Free Childcare scheme allows working parents to receive up to £2,000 annually for each child they have, which can be used towards childcare costs such as childminders and nurseries. Despite an estimated 1.3 million families being […]
CashNews.co Consumer groups have attacked a regulator’s decision to slash the planned maximum amount that banks will have to refund to UK fraud victims from £415,000 to £85,000. One said it meant some people were likely to have their lives “destroyed”. The Payment Systems Regulator (PSR) confirmed on Wednesday reports from the previous evening that […]
CashNews.co LONDON (Reuters) -Britain extended on Wednesday existing tax breaks for people investing in start-up companies for another 10 years, a move that had been widely expected. Both the long-running Enterprise Investment Scheme, which allows individuals to recoup a third of their investment in start-up firms from their income tax bill, and tax reliefs on […]
CashNews.co Investors are lining up to buy the dip as fears over the risks of a US recession have knocked mega cap stocks, making them cheaper and more attractive to buy. Artificial intelligence (AI) darling Nvidia (NVDA) tumbled more than 9% through Tuesday’s session in the biggest one-day market capitalisation drop in US history, amid […]