Money Tips

Credit Card transactions not showing

Morning Recently took out Virgin Atlantic credit card to get airmiles with, as seems best rewards card at the moment.. I have always bought and paid in full as dont like paying the interest! however, two transactions last week, one with chip and pin at Argos, the other with contactless at Tenpin bowling, showed up […]

My ex-wife and I agreed a 50-50 pension split, but my old employer won’t pay

My old employer’s pension administrator says that it has applied to the court for a copy of a lost pensions attachment order before they will pay my pension. My retirement date was 1 March. After two months, it has heard nothing back and claims that the court destroys orders after 18 years. My divorce was […]

DAILY BRIEFING: Online currency market is driven by investors’ mood, study finds

By City & Finance Reporter for the Daily Mail Published: 21:50, 23 May 2018 | Updated: 21:50, 23 May 2018 MOODY MARKET The notoriously unstable online currency market is driven by investors’ mood rather than any real economic factors, says a study by Warwick Business School.  Regulators have warned that cryptocurrencies such as bitcoin are essentially […]

At least ten dead after police fire at protesters calling for closure of Indian copper plant

By City & Finance Reporter for the Daily Mail Published: 21:50, 23 May 2018 | Updated: 21:50, 23 May 2018 At least ten people died after police fired at activists demanding closure of a copper plant run by a firm owned by one of the UK’s richest men. Demonstrations turned violent on Tuesday around Vedanta […]

ON THE BOARD: Hilton Food appoints Robert Watson as its new Executive chairman

By City & Finance Reporter for the Daily Mail Published: 21:50, 23 May 2018 | Updated: 21:50, 23 May 2018 Robert Watson is to be Hilton Food’s new executive chairman, replacing Colin Smith who retires on July 1. He will be replaced as chief executive by operating chief Philip Heffer.  Watson has been Hilton’s boss […]

CITY DIARY: Amanda Staveley’s proposed takeover of Newcastle United FC is ‘dead in the water’

Own goal: Financier Amanda Staveley Glamourpuss financier Amanda Staveley’s proposed takeover of Newcastle United FC is officially dead in the water, according to sources.  While Bambi-eyed Amanda, 45, will be disappointed not to have pulled off the £400million deal, I’m told she won’t miss dealing with the club’s owner, pot-bellied tracksuit tycoon Mike Ashley, 53, […]

ALEX BRUMMER: Marks & Spencer’s duo run out of time

Much of Marks & Spencer’s recent investment, including the much vaunted Castle Donington warehouse and the carefully crafted website, has failed to produce the transformation it had promised. So let’s start again. The zig-zags have been expensive for investors, with the company gobbling up £1.4billion of exceptional charges in the last seven years. The latest […]

Universal Studios owner Comcast makes a £45bn cash bid for 21st Century Fox

The owner of Universal Studios is preparing an all-cash takeover offer to top Disney’s £39billion bid for the entertainment assets of 21st Century Fox. Comcast has amassed a £45billion war chest for a takeover battle that will set the stage for a major showdown with Disney, which agreed to buy most of Fox in December. […]

Chinese get taste for Cathedral City  cheddar (but only if it’s mild)

By City & Finance Reporter for the Daily Mail Published: 21:51, 23 May 2018 | Updated: 21:51, 23 May 2018 Soaring demand for cheddar cheese in China prompted Cathedral City’s owner to ask shareholders for £70million to expand. Dairy Crest, which also makes Davidstow cheese and Utterly Butterly, said it was making the leap as […]

MARKET REPORT: Britvic fizzes 8% even as profits lose their sparkle

A sharp fall in profits failed to take the fizz out of Britvic. The owner of Tango and Robinsons juices reported a 16.5 per cent fall in pre-tax profit to £41.8million in the 28 weeks to April 15, partly down to closing its Norwich factory. Stripping out exceptional charges, the drinks giant’s profits were up […]

Barclays board row over £61bn mega-merger with rival bank Standard Chartered 

Barclays faces a boardroom split after it emerged that chairman John McFarlane is keen on a £61billion mega-merger with rival bank Standard Chartered. Former Stanchart banker McFarlane is said to have pushed for informal talks over a tie-up, which would be the largest deal between British lenders since the financial crisis. But the plot is […]

M&S fightback starts here: Chairman lays bare catalogue of failings

Pledge: M&S has vowed to win back customers after months of brutal cuts Marks & Spencer confessed to being expensive, out of touch, too bureaucratic and having a clunky website as bosses plotted a turnaround. It has vowed to win back customers after months of brutal cuts and a fundamental overhaul of the business combined […]

Topshop is the latest High Street store to sink into the red

By City & Finance Reporter for the Daily Mail Published: 21:54, 23 May 2018 | Updated: 22:16, 23 May 2018 Topman, suffered a £10.9m loss for the 12 months to August 26 Sir Philip Green’s Topshop has plunged in to the red as it battles the crunch on the High Street. The tycoon’s fashion chain, […]

Bovis Homes hit by shareholder revolt over pay

By City & Finance Reporter for the Daily Mail Published: 21:55, 23 May 2018 | Updated: 22:17, 23 May 2018 Builder Bovis Homes has been hit by one of the biggest pay revolts of the year amid a backlash over boardroom excess. At the annual meeting, 37.6 per cent of shareholders opposed its remuneration report. […]