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Friday, January 11, 2019
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A £62 million windfall for fund star Terry Smith after his flagship fund climbed 7.3% in 2018 11 Jan 4:50pm A £62 million windfall for fund star Terry Smith after his flagship fund climbed 7.3% in 2018
Smith – who lives and works on Mauritius – earned the windfall in the year to March 2018 amid huge demand from savers lured by his strong performance.
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Currencies in USD
GBP 1,26 +0,635%
EUR 1,12 +0,178%
CHF 1,00 +0,199%
High St winners and losers of the Christmas battle: This is Money podcast 11 Jan 1:03pm High St winners and losers of the Christmas battle: This is Money podcast
Retailers sounded the alarm early when advent brought a string of warnings about a terrible November, but this week we started to find out what the crucial festive period really brought.
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Ovo Energy has been appointed by Ofgem as the new supplier for Economy Energy customers 11 Jan 12:20pm Updated Ovo Energy has been appointed by Ofgem as the new supplier for Economy Energy customers
The energy regulator, Ofgem, said that it had completed a competitive process in order to obtain the best possible deal for customers.
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Are smart motorway speed cameras operating at all times and 70mph? 11 Jan 12:17pm Updated Are smart motorway speed cameras operating at all times and 70mph?
A notification doing the rounds on Facebook and Twitter - apparently sent to taxi drivers - warns that motorists could be penalised if they exceed the 70mph national speed limit by just 2mph.
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FTSE LIVE: Virgin and Stobart swoop on Flybe; Lidl snaps up spend from supermarket rivals 11 Jan 12:14pm Updated FTSE LIVE: Virgin and Stobart swoop on Flybe; Lidl snaps up spend from supermarket rivals
The FTSE 100 closed down 24.69 points at 6918.18 and the pound was at $1.28 against the dollar.
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Rare euro coins that can turn up in your change while on your travels - could you have one? 11 Jan 12:06pm Updated Rare euro coins that can turn up in your change while on your travels - could you have one?
Some of the rarest euro coins still out there include three versions of the same Greek design, and one you've almost certainly overlooked
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Average petrol prices drop below £1.20 a litre for the first time since March 11 Jan 8:29am Average petrol prices drop below £1.20 a litre for the first time since March
Yesterday, petrol averaged 119.94p a litre, which is the lowest it has been since 27 March 2018. However, wholesale costs are already back on the rise.
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Fashion retailer Quiz sees a third lopped off is share price 11 Jan 6:06am Fashion retailer Quiz sees a third lopped off is share price
Fashion retailer Quiz has warned its profit and revenue will be lower after Christmas trading failed to meet expectations.
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Floundering Flybe rescued at 1p a share by Virgin Atlantic and Stobart 11 Jan 5:57am Updated Floundering Flybe rescued at 1p a share by Virgin Atlantic and Stobart
The 'rescue' bid reflects Flybe's nosedive in fortunes, with the airline valued at about £100million a year ago and £35.5million at the close of the stock market last night.
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Lidl poaches £58million of Christmas food spend from rivals as shoppers gobble up its posh ranges 11 Jan 5:53am Lidl poaches £58million of Christmas food spend from rivals as shoppers gobble up its posh ranges
A surge in demand for its upmarket Deluxe range, helped the UK's sixth largest grocer snare an 8 per cent uplift in sales over the last six weeks.
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Anxious UK savers pulled £2.1bn out of investment funds in November 11 Jan 5:14am Updated Anxious UK savers pulled £2.1bn out of investment funds in November
UK-authorised investment funds still held a total of £1.2 trillion pounds at the end of the month, according to figures from industry body the Investment Association.
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Ford to cut thousands of jobs across Europe as it seeks to cut costs 11 Jan 5:05am Updated Ford to cut thousands of jobs across Europe as it seeks to cut costs
The US-based company said it is shaking up its European arm in a bid to 'sustainably' boost profits and sharpen its competitive edge against rivals.
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Floundering airline Flybe rescued as Virgin Atlantic and Stobart team up 11 Jan 4:39am Floundering airline Flybe rescued as Virgin Atlantic and Stobart team up
Virgin Atlantic and Stobart Group have agreed to buy Exeter-based regional airline Flybe in a £2.2 million deal which will see the creation of a new airline group.
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Loyalty penalty exposed: Companies hiking prices most for loyal customers 11 Jan 4:38am Updated Loyalty penalty exposed: Companies hiking prices most for loyal customers
Loyalty pays in Britain, but the rewards go not to long-standing customers but to the companies who cash in on them. New figures have revealed how loyal customers are stung.
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Renewable power provider Bulb Energy slumps to a £24m loss amid squeeze on small suppliers 11 Jan 4:29am Updated Renewable power provider Bulb Energy slumps to a £24m loss amid squeeze on small suppliers
Bulb, with around 870,000 customers, saw losses surge to £23.7m for the year to March 31, 2018 from £2m in the previous six months. Nine small supplier have gone bust in a year.
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Rising cost of energy bills is to blame for households paying £550 more for annual bills 11 Jan 4:23am Updated Rising cost of energy bills is to blame for households paying £550 more for annual bills
The increase in energy bills has was the largest contributor to the hefty hike in costs, rising an average of £417 since 2015, to their current level of £1,706 in 2018.
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HMRC scam: Pay £3,000 now or risk having this fine increase 20-fold 11 Jan 4:22am Updated HMRC scam: Pay £3,000 now or risk having this fine increase 20-fold
With the self-assessment deadline fast approaching fraudsters are becoming savvier as they escalate their tax scam tricks in a bid to fleece unsuspecting taxpayers out of thousands of pounds.
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TV and broadband customers could be losing a whopping £690 a year by sticking with the same provider 11 Jan 4:10am Updated TV and broadband customers could be losing a whopping £690 a year by sticking with the same provider
Loyal Sky customers could lose the most amount of money, as they have the potential to be paying a whopping £690 more than new customers, who are taking advantage of cheaper deals.
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