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September 16, 2014 - Latest:

Financial adviser banned and fined after clients lose millions

Financial adviser banned and fined after clients lose millions

A financial adviser has been banned and fined £300,000 after clients lost £2.2 million by following his advice to invest in companies that he controlled and described as “safe as [...]

Inflation falls to lowest level in five years

Inflation falls to lowest level in five years

The annual rate of inflation fell to its lowest level for five years in August as a result of a drop in the cost of petrol, food and non-alcoholic drinks. [...]

“Scotland could be next Greece,” warns Alan Miller

“Scotland could be next Greece,” warns Alan Miller

They might already call Edinburgh the “Athens of the north”, but an independent Scotland would be at risk of becoming the next Greece, Alan Miller has warned. Miller, who is [...]

House prices up 12% in biggest annual rise for seven years

House prices up 12% in biggest annual rise for seven years

House prices increased by 11.7 per cent in the year to July to an average of £272,000, while London saw a steeper rise of 19.1 per cent to £514,000, official [...]

Brits want more housing just not in their back yard

Brits want more housing just not in their back yard

The mission to solve Britain’s housing shortage is being thwarted by the “Not in My Back Yard” attitude of millions of residents, a new study has revealed. The majority of [...]

Junior Isas: Are parents being too cautious when it comes to saving for their children?

Junior Isas: Are parents being too cautious when it comes to saving for their children?

Parents could be denying their children a more prosperous future warns accountancy group UHY Hacker Young, as just a quarter of the money saved in junior Isas is invested in [...]

Neil Woodford on the Scottish referendum: “The UK has already crossed a constitutional Rubicon”

Neil Woodford on the Scottish referendum: “The UK has already crossed a constitutional Rubicon”

Neil Woodford, manager of the CF Woodford Equity Income fund discusses the potential impact of this week’s referendum… Later this week, Scotland votes on whether to remain part of the [...]

Energy tariff warning: Customers’ bills could jump by 11% on average – or £237

Energy tariff warning: Customers’ bills could jump by 11% on average – or £237

Households need to act fast. The end of September will see eight fixed energy deals come to an end, bringing in an average annual bill increase of 11% – or [...]

Asos shares fall further on profit warning

Shares in the online fashion retailer ASOS have fallen by 8.6 per cent today as the company posted a profit warning. It closed at 2,214p this afternoon after earlier warning [...]

Twenty-somethings admit to costly financial mistakes

Three quarters of adults in their twenties have made financial mistakes that have ended up costing them for years to come. A new study from the Government-backed Money Advice Service [...]

A third of Brits plan to stay invested in retirement

Around a third of UK adults are planning to use the stockmarket to help them outstrip inflation and manage the rising cost of living in retirement. New research from retirement [...]

Just one week left to save the union

With one week to go today Azad Zangana, European economist at fund manager Schroders gives his latest economic insight into the Scottish Referendum… On the 18th of September, Scotland will decide [...]

Skipton launches new fixed rate bonds and Isas

Skipton Building Society has launched a new range of fixed rate Isas and bonds with rates increasing by up to 0.25%. The two year fixed rate Isa rises to 2.00% [...]

The investment impact of more sanctions on Russia

Jan Dehn, Head of Research at Ashmore discusses the situation on the ground in Ukraine and his view of the impact of more sanctions on Russia below. Pro-Russian separatist rebels [...]

Sterling steals ugly stick from single currency

Alex Plester, a senior foreign exchange broker with City firm VFX Financial plc, examines the turbulent events in the currency markets as polls show a surge of support for Scottish [...]

Struggling households sell possessions to survive

One in ten households have resorted to selling their possessions in a bid to meet their housing costs, new figures from the housing charity Shelter reveal. Over three million households [...]

‘Euro sinks, dollar surges with sterling somewhere in the middle’

Alex Plester, a senior foreign exchange broker with VFX Financial, takes a look at the big developments in the currency markets last week. Last week’s events have seen currency markets [...]

ECB rate cut and asset buying programme – analysts’ views

Expert views on the European Central Bank moves on interest rates and the asset buying programme Interest cut will have limited impact Schroders European Economist Azad Zangana, and Fixed Income [...]

Critical illness cover extended to maximum 40 years by insurer Zurich to take account of longer mortgage terms

Insurer Zurich has increased the maximum term for its critical illness cover from 30 to 40 years to take account of customers with longer mortgages and better reflect changing retirement [...]

Should investors be shifting their portfolios because of the global political crises?

Kleinwort Benson’s chief investment officer Mouhammed Choukeir asks whether investors should be adjusting their portfolios to cope with global political risks. He notes that historic crises – even those as [...]

Better days ahead for Europe’s banking sector?

Justin Bisseker, European banks analyst, at fund manager Schroders discusses a significant autumn of developments in the European banking sector, which should be beneficial for the sector and the broader [...]

A year on from Fed tapering, emerging markets have proved their resilience unlike their developed market peers

Jan Dehn, head of research at Ashmore discusses the resilience of emerging markets and why developed markets are sustained by deliberate policies of asset price inflation instead of reforms below. [...]

A quarter of Brits have turned down wedding invite due to costs

A quarter of Brits have had to turn down an invitation to a wedding because of the cost of attending. The cost of stag and hen parties, travel to the [...]

Woodford sells out of HSBC due to “fine risk”

Influential fund manager Neil Woodford has revealed he is selling out of HSBC because of the “unquantifiable” risk of regulatory fines. He believes regulators are setting fines according to banks’ [...]

Deutsche Bank hit with £4.7m fine for failing to properly report transactions

The City regulator, the Financial Conduct Authority (FCA), has hit the London arm of Deutsche Bank with a £4.7m fine for incorrectly reporting transactions between November 2007 and April 2013. [...]

Housing costs on a “cliff edge” with three in five anxious over household bills

Charity group Citizens Advice has warned that the pressure of hefty bills such as childcare and energy costs will mean that half of households will have to slash spending this [...]

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