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Wednesday, May 15, 2019
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Troubled Metro Bank scrambles to secure £350m funding deal 15 May 4:51pm Troubled Metro Bank scrambles to secure £350m funding deal
Metro Bank was founded by American billionaire Vernon Hill (pictured here with wife Shirley). Shares have plunged since it revealed that it had miscalculated the riskiness of some property loans.
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MARKET REPORT: Defence giant Babcock fires back after mystery critic’s diatribe 15 May 4:51pm MARKET REPORT: Defence giant Babcock fires back after mystery critic’s diatribe
Boatman published a second report yesterday, claiming Babcock needed to write down the value of Defence Support Group which repairs and maintains British Army vehicles, by £50m.
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Lloyds boss accused of greed by senior MPs over his eye-watering pension payments  15 May 4:51pm Lloyds boss accused of greed by senior MPs over his eye-watering pension payments 
Antonio Horta-Osorio (pictured) was accused of greed by senior MPs over the deal which will see him get £419,000 towards his retirement this year alone. This is equal to 33 per cent of his annual salary.
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Co-op launches digital pharmacy in health drive five years after selling chemist chain to cut debt  15 May 4:50pm Co-op launches digital pharmacy in health drive five years after selling chemist chain to cut debt 
The move is part of ambitious plans to return to healthcare, which boss Steve Murrells (pictured) will set out at its annual general meeting on Saturday.
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Humiliation in bitter battle for the Provvy: But tycoon presses on with hostile takeover 15 May 4:50pm Humiliation in bitter battle for the Provvy: But tycoon presses on with hostile takeover
John van Kuffeler’s battle to buy the doorstep lender has been backed by investors who own just 53.53 per cent of its stock, a stock market filing revealed last night.
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FTSE LIVE: B&Q sales bounce back; Asda mulls IPO; UK shares in the green 15 May 12:57pm Updated FTSE LIVE: B&Q sales bounce back; Asda mulls IPO; UK shares in the green
The FTSE 100 closed up 55.35 points at 7296.95 and the pound was at $1.29 against the dollar.
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Over 65 and need help and support? You could qualify for attendance allowance 15 May 10:54am Over 65 and need help and support? You could qualify for attendance allowance
Low awareness of and confusion over the name 'attendance allowance' - which implies you receive home visits - could be offputting, according to retirement home developer McCarthy & Stone.
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Electric cars in Europe would only cut global CO2 emissions by 0.4% 15 May 8:13am Electric cars in Europe would only cut global CO2 emissions by 0.4%
With cars causing 7% of global CO2 output and Europe responsible for just 10% of worldwide CO2 emissions, a total shift to electric cars on the continent will do little to reduce the impact.
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THE PRUDENT INVESTOR: The hits and misses after cleaning my portfolio 15 May 8:10am Updated THE PRUDENT INVESTOR: The hits and misses after cleaning my portfolio
Almost 15 months ago, I began overhauling my investments in search of better returns and a more coherent strategy. I’ve done this against a background of swinging stock markets.
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B&Q sales tick up in the first quarter thanks to warm weather 15 May 8:08am Updated B&Q sales tick up in the first quarter thanks to warm weather
Across the UK and Ireland, sales at DIY chain B&Q rose by 2.8 per cent on a like-for-like basis over the period.
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What is going on at Metro Bank? What savers and investors should know 15 May 8:07am What is going on at Metro Bank? What savers and investors should know
Metro, which now has 1.7 million customers, became Britain’s first new High Street lender in more than a century in 2010, but the past year has been a disaster.
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British Gas owed us £1,745 ‑ yet still sent in the debt collectors: ASK TONY 15 May 8:04am Updated British Gas owed us £1,745 ‑ yet still sent in the debt collectors: ASK TONY
We switched from British Gas in November last year, but, several months later, it is still holding on to £1,745.34 of our money. In addition it has put debt collectors on to us.
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Broadband firms must offer better deals and warn on end of contracts, says Ofcom 15 May 5:54am Broadband firms must offer better deals and warn on end of contracts, says Ofcom
Ofcom found that people who bundle their landline and broadband services together pay on average 20 per cent more when they are out of contract.
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We try Simon Charles auctions that sells cheap High Street stock 15 May 4:52am Updated We try Simon Charles auctions that sells cheap High Street stock
Simon Charles Auctioneers, based in a warehouse in Stockport, Greater Manchester runs a twice-monthly Super Saturday Live Sale which has been going on for more than 70 years.
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Why are our holidays a rip-off — just because we travel on our own? 15 May 4:44am Updated Why are our holidays a rip-off — just because we travel on our own?
Retired local government officer Jayne Tee (pictured with her late husband Bill) cancelled her holiday to Majorca after she found out she would have to pay a supplement for what she thought was a single room.
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Why finding out your true wealth could help you retire years earlier 15 May 4:36am Why finding out your true wealth could help you retire years earlier
Calculating their wealth has allowed Siubhan Reid-Litherland and Mark Litherland (pictured) to bring forward their retirement and plans to travel by five years.
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We need strict guidelines to stop solo travellers being ripped off, says VICTORIA BISCHOFF 15 May 4:17am Updated We need strict guidelines to stop solo travellers being ripped off, says VICTORIA BISCHOFF
For years, solo travellers have been penalised with extra fees. It is particularly cruel for those who have been recently widowed and are just trying to get on with their lives.
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ASK TONY:  British Gas owed US £1,745 ‑ yet still sent in the debt collectors 15 May 4:15am Updated ASK TONY:  British Gas owed US £1,745 ‑ yet still sent in the debt collectors
We switched from British Gas in November last year, but, several months later, it is still holding on to £1,745.34 of our money. In addition it has put debt collectors on to us.
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Cash Isa rates catching up with those on ordinary accounts with 1.5% now available online 15 May 4:13am Updated Cash Isa rates catching up with those on ordinary accounts with 1.5% now available online
Coventry BS now pays 1.5 per cent on its Easy Access Isa (Online) (2), matching the rate on Marcus by Goldman Sachs’s ordinary easy-access account.
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So what is going on at Metro Bank? Shares down 87% as customers queue to withdraw their savings 15 May 4:08am Updated So what is going on at Metro Bank? Shares down 87% as customers queue to withdraw their savings
The modern-day bank, which now has 1.7 million customers, became Britain’s first new High Street lender in more than a century when it opened branches in the wake of the financial crisis in 2010.
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First-time buyers 7 times more likely to pick Lifetime Isa than Help to Buy one 15 May 3:48am Updated First-time buyers 7 times more likely to pick Lifetime Isa than Help to Buy one
The rules of the Lifetime Isa mean that under-40s can save up to £4,000 a year into a tax-friendly account, and the Government adds up to £1,000 on top of that.
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PPI complaints subside but 130% rise in payday loan problems at FOS 15 May 3:46am PPI complaints subside but 130% rise in payday loan problems at FOS
Customer complaints about financial companies hit a five-year high last year, with a spike in criticisms of payday lenders being blamed for the rise
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Why finding out your hidden true wealth could help you retire years earlier 15 May 3:45am Updated Why finding out your hidden true wealth could help you retire years earlier
Calculating their wealth has allowed Siubhan Reid-Litherland and Mark Litherland (pictured) to bring forward their retirement and plans to travel by five years.
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AMELIA MURRAY tries her luck at the auction house that sells off High Street stock  15 May 3:32am Updated AMELIA MURRAY tries her luck at the auction house that sells off High Street stock 
Simon Charles Auctioneers, based in a warehouse in Stockport, Greater Manchester runs a twice-monthly Super Saturday Live Sale which has been going on for more than 70 years.
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