CashNews.co The average pension pot needed to meet basic needs in retirement has increased by 60% to nearly £110,000 amid the cost of living crisis. The study by the Resolution Foundation, commissioned by the Living Wage Foundation, reveals that the average pension pot necessary to secure a basic retirement income has jumped from £68,300 in […]
CashNews.co Amazon has launched an AI-powered shopping assistant – named Rufus – in the UK for the first time. The new chatbot, which is initially being launched to a subset of customers in Amazon’s mobile app, has been trained on Amazon’s product catalogue and information from across the web to enable it to answer any […]
CashNews.co (Reuters) -Britain attracted a record 110.7 billion pounds ($145 billion) of orders for a new 15-year gilt at a syndication sale on Tuesday, as investor appetite for British government bonds remained strong after the change of government in July. The DMO said it would sell 8 billion pounds of bonds via the sale, a […]
CashNews.co By Aby Jose Koilparambil (Reuters) – Top UK homebuilders Vistry and Barratt will likely strike a cautiously optimistic tone on demand recovery when they report earnings this week as interest rates ease and government policy reforms take shape. The homebuilders are expected to benefit from increased affordability due to declining mortgage rates and volume […]
CashNews.co By Tommy Reggiori Wilkes LONDON (Reuters) – Britain and the European Union must turn their “first steps” to rebuild trust into a “steady walk” as they confront common challenges, the president of the Eurogroup of euro zone finance ministers said on Tuesday. Addressing representatives of Britain’s financial industry, Paschal Donohoe said his discussions with […]
CashNews.co The UK green energy auction comes one year after a similar event failed last year (Andy Buchanan) The UK on Tuesday said it had awarded a record 131 new green infrastructure projects in a single auction, including plans for Europe’s two biggest offshore windfarms. The new Labour government hailed the outcome to power millions […]
CashNews.co (Reuters) – UK regulators plan to curtail a new rule that would have forced banks and payment companies to reimburse fraud victims up to 415,000 pounds ($543,152.00), after facing pressure from ministers and fintech firms, the Financial Times reported on Tuesday. The Payment Systems Regulator (PSR) is said to be looking at an 85,000-pound […]
CashNews.co UK investors are flocking to passive funds as only two of Interactive Investor top 10 most-bought investments in August are active funds in a list where Nvidia (NVDA) is the most-bought stock. Fundsmith Equity (0P0000RU81.L) has dropped from the top 10 for the first time since Interactive Investor began tracking its most-bought investments in […]
CashNews.co From the 2nd September 2024, a new 0% PCP offer on the Mazda CX-60 makes Mazda’s premium SUV an even more attractive and compelling proposition for customers looking for a high-class SUV. Offered across all trim grades on both the PHEV and e-Skyactiv D MHEV engines, the new 0% PCP^ with zero deposit contribution […]
CashNews.co Property WeekNumber of UK REITs soars 61% as rule change boosts sectorThe number of new UK REITs leapt 61% to 45 over the year to April 2024, according to a report by chartered accountant and business adviser Lubbock Fine..2 hours ago Read More #cashnews #UK #finance