Shares across Europe and US hit as Greece edges closer to default after IMF walk-out sends debt negotiations into crisis

Shares across Europe and US hit as Greece debt talks falter with IMF breaking off

Stock markets across Europe and the US tumbled amid fears Greece is edging closer to default following the collapse of talks between Athens and its creditors this week. London's blue-chip index fell 61.82 to 6,784.92 wiping £15.5billion from value of the benchmark index and America's Dow Jones industrial average fell 105 points to 17,933 in early trading. Greece's debt talks came to an end on Thursday after the International Monetary Fund left the negotiating table in Brussels.

Rise of 'golden coffin' benefits for UK bosses - and Burberry is leading the new trend

This new addition to executive perks is common in America where bosses are offered lucrative death-benefits for their heirs as part of their compensation packages.

Goin' loco down in Rock and Padstow: Two thirds of Britons expected to take a domestic break this year - with 'Poldark effect' set to crowd out Cornwall

'The Poldark effect': Two thirds of Brits expected to take a domestic break this year

NEW Two thirds of us are expected to take at least one British break this year and Cornwall is the number one destination to visit, research has revealed. Dubbed the 'Poldark effect,' after the popular BBC television show was set in Cornwall, nearly half of those planning a British break will head to the South West.

ALEX BRUMMER: Finance, banking and markets are one of the UK's most important sources of wealth but have been run like a whelk stall on Brighton seafront

Britain's response to the financial crisis and failings in the City markets that followed has been frustratingly piecemeal.

The stamp duty postcode lottery: Buyers in the South West benefit most from changes saving £5k on average

The South West has seen the biggest benefit from stamp duty band changes that came into force last December - highlighting the property tax postcode lottery.

The Diary of a Private Investor: It's always nice to have some cash ready to take advantage of a summer storm

Lightning strikes behind The London Eye in central London which is coloured red, white and blue to mark the birth of a baby boy, at 4.24pm yesterday to the Duke and Duchess of Cambridge at St Mary's Hospital. PRESS ASSOCIATION Photo. Picture date: Tuesday July 23, 2013. Prince William and Kate spent the night at hospital bonding with their new son who was delivered at 4.24pm on Monday weighing 8lb 6oz. See PA story WEATHER Storms. Photo credit should read: Lewis Whyld/PA Wire

'We are entering the summer months, the Greek debt crisis rumbles on and the US is listless, so I'm holding some cash ready for opportunities', writes our investing columnist

How a new express rail service to London is to boost property prices in North Oxford and the villages around

The Oxfordshire market town of Woodstock and pretty satellite villages are set to join the commuter belt with the opening of a new high-speed rail link eight miles away

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INVESTMENT EXTRA: The funds that are invested in risky AIM shares - with varying degrees of success

INVESTMENT EXTRA: Risky AIM still lures investors looking to reap rewards of fledgling

The Alternative Investment Market - also known as AIM - celebrates its 20th birthday on Friday. And while the stock market for small companies has come on leaps and bounds since 1995 investing in it is still as risky as ever. AIM is home to 1,100 fledgling companies. For them, it's a great first step in to the stock market. It allows them to sell shares to raise vital funding to grow their business further. Listing on AIM, rather than on the FTSE, is also easier - there is no requirement to have been trading for three years, or to issue a minimum number of shares, and the disclosure rules are less stringent.

Competition authority kick-start deeper probe into Dairy Crest division sale to rival Muller

Ronald Kers, chief executive of Muller, said the firm 'looked forward to working with' the CMA on the investigation.

Financier who worked on disastrous banking takeover to lead RBS privatisation

When RBS took over Dutch rival ABN Amro in 2007, the deal led to the collapse of the bank and resulted in a £46billion government bailout.

Building growth: UK economy grew 2.9% not 2.8% in 2014 as statistics body changes the way it measures construction

The Office for National Statistics said Britain's gross domestic product rose by 2.9 per cent in 2014, up from a previous reading of 2.8 per cent, under the revisions.

It's a deal: £4.6bn buy-up puts Imperial Tobacco at No3 in USA

The debt-fuelled deal will catapult Bristol-based Imperial, which also owns Davidoff and Gauloises, to the number three position in the US from fifth.

Ted Baker fashions revenues surge by 25% with internet sales a star performer

Retail sales for the period increased by 18.9 per cent as shoppers snapped up its quirky designs despite rivals offering cheaper products on promotion.

Classic car lovers snap up everything from a Rolls Royce, to a Skoda convertible and a 1940s London bus, as entire motor museum goes under the hammer

Buyers snap up classic cars as entire Stondon motor museum is auctioned

Iconic cars on offer when the Stondon Museum collection was sold ranged from an Aston Martin Lagonda, to a Rover SD1 police car, and Ford Model T. But buyers could also pick up some even more exotic items, including a former Russian Army Soviet 4x4 Amphibious Battle Support Vehicle and a 1948 AEC Regent III RT London bus.

SMALL CAP MOVERS: Green hills spell gold for Galantas as permission given for underground mine near Omagh

Shares leapt 30 per cent higher Thursday to 7p as government officials gave the company's subsidiary, Omagh Minerals, permission to excavate gold, silver and lead for 15 years.

Learn how to make the most of your pension pot for FREE at The Retirement Money Show

Learn how to make the most of your pension at The Retirement Money Show

If you are looking for tips on how and where to invest your pension, or what to do to make more of your retirement pot then the free Retirement Money Show on 20 June can help.

Property prices set to rise 25% in five years: Housing market in supply crisis as homes for sale plunge to lowest level for 37 years

An 'acute shortage of supply' continues to push UK house prices up, with surveyors expecting prices to rise by 25 per cent in the next five years, the Royal Institution of Chartered Surveyors said.

SIMON LAMBERT: Nationwide's decision is shocking.... it has raised my savings rate

Nationwide's decision is shocking.... it's raised my savings rate

Savers have suffered years of cuts and weasel word excuses as banks and building societies have raised margins. To give Nationwide some credit, this little rate hike highlighted in my letter is now a move in the right direction. Could it be a sign we've seen the bottom?

Who pays the most to park in their own street? Birmingham and Manchester are most expensive areas in parking permit postcode lottery

Birmingham and Manchester are most expensive areas in parking permit postcode lottery

The most expensive boroughs where to park are Manchester and Birmingham, where the council charges up to £750 for an annual resident parking permit. At the other end of the spectrum is South Ayrshire, in Scotland, where the council issues the permit for just 50p a year and West Dumbarton, also in Scotland, where it is free.

How much can you afford when buying a home? Fulfil your property dream without overstretching

Successfully buying a home isn't about getting the biggest mortgage possible, it is also vital to avoid overstretching.

Should I be using ETFs instead of mutual tracker funds - and will I be able to hold them in my Isa and Sipp if I do?  

Balance, Equality, Moral Dilemma, Scales of Justice, Justice, Weight Scale

I have heard I could cut costs by using ETFs - exchange traded funds. Is that right, and would I be able to hold them in my ISA and pension to keep my saving tax efficient?

If food inflation is negative - why is the price of a pint of beer still going up like the clappers? ADRIAN LOWERY blames the New Beards...

If food inflation is negative – why are beer prices still soaring?

It's one of the classic cases of business taking something that was enjoying a renaissance and marketing it back to us at inflated prices as a lifestyle choice. Except this time in league, ironically, with bearded hipsters on fixed-gear bicycles. In fact they are the marketing executives - as in the case of pretend punks, BrewDog.

Rugby fans have forked out an average £325 on World Cup 2015 tickets - and 98% have stuck it on a credit card

There are 99 days to go until the Rugby World Cup 2015 is held in England and Wales, and eager fans have spent a sizeable chunk of money on tickets, exclusive data shows.

Merkel asks experts to draw up plans to protect German economy from Grexit as reports say she is 'resigned' to Greece leaving eurozone

Angela Merkel has asked for plans to protect German economy as 'Grexit' seems likely

The Chancellor's waning resolve could torpedo debt negotiations between Greece and its creditors, which were already in disarray after the International Monetary Fund last night broke off talks in Brussels, citing 'major differences'. Mrs Merkel is said to be deeply disillusioned with Greece's refusal to implement further EU cuts and tax rises in order to qualify for another tranche of bailout cash.

ALEX BRUMMER: Let's hope IMF walkout from Greece talks is a bluff and that Tsipras stops his game of brinkmanship - because we are staring at 'Lehman II'

Prime Minister Alexis Tspiras has continued to play hardball and now the International Monetary Fund (IMF) has walked out of the talks, raising the risk of a €1.6bn default writes ALEX BRUMMER.

'Don't sell RBS off on cheap like gold': Analysts warn against repeating Gordon Brown's mistake of getting a poor price for UK's gold reserves

Analysts warn against The Treasury risks repeating the decision to sell off the UK's gold reserves if it sells off RBS on the cheap, after more than £431m was added to the state-backed lender.

MARKET REPORT: PartyGaming 50m Bwin stake sale leaves analysts puzzled by timing 

MARKET REPORT: PartyGaming 50m Bwin stake sale leaves analysts puzzled by timing 

In the words of Kenny Rogers, the founders of PartyGaming appear to know when to walk away because yesterday they sold more than 50million shares in Bwin.Party. News of the sell-off sent Bwin down more than 7 per cent because the timing was regarded as 'puzzling' by analysts. PartyGaming merged with Bwin in 2011 and co-founders Ruth Parasol and ex-husband and co-founder James Russell DeLeon agreed in October 2013 to dispose of their stakes within two years.

British private equity house Cinven tracks £434m railways deal

The Italian government is privatising the lucrative sites inside 14 main railway stations and has appointed Rothschild and McKinsey as advisers.

DOGBERRY: Tetra Pak announce 'high-capacity extrusion line for ice cream production'  

Constable Dogberry in Shakespeare's Much Ado About Nothing mangles every word he utters - and so do many business leaders.

Queen makes a dame of Minouche as most senior woman at Bank of England

Dr Nemat Shafik, known by her nickname Minouche, is today named as Dame Commander of the British Empire, a DBE.

When should you start drawing the state pension? How delaying for just a year could net you £10,000

Delaying your state pension for just a year could net you £10k

People reaching official retirement age before next April get a 10.4 per cent boost to their future income for each year they put off taking the state pension. If you defer for just one year, that works out at £410 extra annually or £10,100 if you live for 24 and a half years beyond your state pension age. If you can afford to postpone for seven years, your state pension will be £1,640 higher a year or £40,300 altogether, according to a study by Fidelity Worldwide Investment.

I booked tickets for One Direction at the front of the stadium - so why have I been allocated seats at the back? 

Harry Styles, Liam Payne, Louis Tomlinson and Niall Horan members of English-Irish pop boy band One Direction appear on NBC's Today Show to release their new album "Four at Universal City Walk at Universal Orlando in Orlando, Florida, USA on November 17, 2014.


ORLANDO, FL - NOVEMBER 17:  Harry Styles, Liam Payne, Louis Tomlinson and Niall Horan of One Direction appear on NBC's Today Show to release their new album "Four at Universal City Walk At Universal Orlando on November 17, 2014 in Orlando, Florida.  (Photo by Gustavo Caballero/Getty Images)

I booked tickets for my daughter in the Yellow zone where all her friends planned to be. But when the tickets arrived they were for the Blue zone at the back of the arena.

I'm going to Madrid this weekend - just when Spanish air traffic controllers are going on strike. Will I get compensation if my flights are cancelled or delayed? 

BA4762 Queue for check in San Pablo airport Seville Spain

If we are not allowed to fly and our whole trip is cancelled, will we get our money back? Will we get compensation if we end up spending hours in Heathrow and Madrid airports?

Savers baffled by new rule that lets you claim up to £5,000 in interest tax free: here's how to work out if you are eligible...

Can you claim up to £5,000 savings interest tax free?

Savers are baffled by a new tax rule that came into effect in April. This lets you earn up to £5,000 in savings interest without paying any tax. But how much of this allowance you can claim depends on the source of your income - it's the split between your savings and non-savings income that counts.

BT takes battle to Sky by offering free European football to its own TV customers

A production staff member works in the gallery during the BT Sport channel launch program at the BT Sport studio in the Queen Elizabeth Olympic Park, in east London, England. 
Britain's BT launches its much heralded sports TV service today in the biggest challenge to the dominance of BSkyB since Rupert Murdoch launched the pay-TV group over 20 years ago. 

REUTERS/Suzanne Plunkett (BRITAIN - Tags: MEDIA SPORT)

The former telecoms monopoly won the rights from Sky for the Champions League and Europa Cup tournaments after paying £897million.

Vodafone launches its first ever home broadband service with prices starting at £5 a month

The move will pit Vodafone against rivals already offering packaged internet and phone deals such as BT and Virgin Media.

How safe is it to pay for shopping on your iPhone? We explain how the new contactless Apple Pay service works

How safe is it to pay for shopping on your iPhone? We explain how Apple Pay service works

Tech giant Apple has launched a service that turns your mobile phone into a wallet. Instead of carrying around credit and debit cards, all you'll need at the till is an iPhone that uses thumbprint technology. As a result, the Apple Pay service, which was unveiled on Monday and launches next month, has been dubbed the 'credit card killer'. So how does it work and is it safe?

Drivers now need a special code to hire a car on holiday - here's how to get one and how the new system will work

Drivers now need a special code to hire a car on holiday after paper licences were

The paper counterpart to the driving licence has just been scrapped. This means that anyone hiring a car on their summer holiday will have to jump through some new hoops before driving away their vehicle. We explain how it will actually work and what you must do.

The Investing Show: Why Buffett-style value investing beats the market & the shares that move the Footsie

Investing Show: Why Buffett-style value investing beats the marke

Value investor Tim Price reveals why he believes buying quality at good prices is the key to investing success, in the latest episode of the Investing Show. We also discuss the shares that have the power to move the FTSE 100 and how the market rates them and their dividends, along with the prospect for supermarkets and a surprise finding on who the best investors are.

Maureen's £2,400 bill for care in a Spanish hospital: Tourists hit with huge bills as travel firms send them to private clinics

Maureen's £2,400 bill for care in a Spanish hospital

Money Mail has been bombarded with complaints from holidaymakers who have found themselves unable to use their free European Health Insurance Card (EHIC) in Spain. Peter and Maureen Barnett had to pay £2,432 when Maureen got pneumonia during a family Christmas break in Malaga last year.

Ditch your broadband or mobile deal when you want: Ofcom hands power to customers to switch providers without unfair penalties

Contracts will have to be 'clear and fair with no hidden charges or lock-ins', according to Ofcom (chief Sharon White pictured). The intervention will ease the frustrations of millions of customers.

ASK TONY: I bumped into another car and now fear I'm the victim of a scam

ASK TONY: I bumped into another car and now fear I'm the victim of a scam

We appeal to you as honest pensioners who attempted to alert LV= about a suspected scam from an incident involving my car and a Mercedes-Benz. Parked between two cars, on manoeuvring out of the tight space, my car touched the Mercedes with little impact. The police inspected both cars and observed there was 'no visual damage' to either.

Can I write off 75% of the loans I took in 1988 through the Individual Voluntary Arrangement?

Couple looking at home finances on computer.
A3JBHT 
debt, internet, sofa, technology, debt, internet, sofa, technology

My wife and I each took out a personal loan with Barclays for £1,000 in 1988. I've been shocked to find I still owe more than £7,000.

Why doesn't Halifax let me replace my wife as the signatory of my son's account unless I pay £2,000 for a Court of Protection letter?

FOUNTAIN PEN - Hand holding / writing with a fountain pen
signing name / writing / autograph / signature / official documents /
pen nib / nails

ab10557.jpg

My son has severe learning difficulties, so my wife operated a joint Halifax savings account with him. It currently holds about £4,000. This worked well, but in January she passed away.

Now you can make crime pay - by investing in firms protecting us all from internet hackers

Now you can make crime pay - by investing in firms protecting us all from internet hackers

Every second, 15 people in the world have their identity or personal details stolen online. The number of these cyber attacks is rising by 47 per cent every year, costing businesses and individuals billions. Firms currently spend £42billion protecting themselves against data theft - and this is set to almost double to £78billion by 2017. So why not join the expert investors making money from this vital industry?

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Will Tories close the 'salary sacrifice' loophole giving popular pension perk to low and middle earners?

Will Tories close the 'salary sacrifice' loophole in the Budget?

'Salary sacrifice' schemes are a nice little earner for many workers and their employers, but if you aren't already signed up it might soon be too late. Arrangements like this are essentially a legal way to dodge National Insurance payments. Employers allow staff to take a supposed 'pay cut', but the money gets ploughed into their pension or put towards some other benefit like childcare instead, and both sides pay less NI as a result.

Are you still paying to rent that BT handset? Customers warned of unnecessary charges

The twin handset BT Aura 1500 gives plenty of bang for your buck with a facility like 60 minute answer machine, a 250  name memory, a top speaker phone and long distance range for chatting away over a Pimm?s in the garden for £69.99.

Today, handsets cost as little as £10, so continuing to rent a phone is, for most, not cost effective.

Mobile phone customers charged up to £20 to unlock handset to move to a different network

A woman using cell phone outdoors.

Vodafone charges its customers £19.99 to unlock a phone during the first 12 months of the contract, but nothing after that.

Savings in the fast lane: New best buy easy-access savings account is offered by... French car manufacturer Renault

Savings in the fast lane: New best buy easy-access savings account is offered by... French

A new best buy easy-access savings account has driven to the top of the independent This is Money tables and it comes from French car manufacturer Renault. It has launched a dedicated savings bank in Britain named RCI Bank. It already offers similar accounts in Austria, France and Germany in the last few years.

Energy giant Scottish Power tops the complaints list followed by Npower

File photo dated 04/09/2006 of a gas hob as the rising cost of utility bills is expected to push the official rate of inflation to a three-year high. PRESS ASSOCIATION Photo. Issue date: Tuesday September 13, 2011. Economists predict the consumer prices index (CPI) measure of inflation for August will rise to 4.6%, up from 4.4% the previous month. That would be its highest level since September 2008 when it hit 5.2%. Scottish Power and British Gas raised their gas tariffs in the month, by 19% and 18% respectively, alongside big increases for electricity, helping to add to the squeeze in household incomes already hit by rising food and fuel costs. See PA story ECONOMY Inflation. Photo credit should read: Rui Vieira/PA Wire

Latest figures from the independent Energy Ombudsman show that in the first three months of this year Scottish Power customers lodged 8,840 complaints - 173 per every 100,000 of its customers.

Drivers' fury as DVLA website crashes on first day after rule change that requires motorists to generate a code every time they want to hire a car 

DVLA website crashes on first day after car hire rule change

New rules abolishing the old paper part of UK driving licences mean drivers must get a unique code if they want to hire a car. The changes were introduced today, but motorists attempting to get a code from the DVLA have reported problems with the agency's website. Many have taken to Twitter to complain that the website is not loading, or has crashed midway through the process leaving them unable to get their code.

Small businessman wins £44,500 from taxman after persuading court his 'Snugglebundl' invention should be VAT exempt

attachment-7.jpeg

Small business owner Mike Edwards has won a £44,500 payout from HMRC following a two-year battle over whether his Snugglebundl baby-lifting wrap is exempt from VAT.

Homebuyers and owners get best deals ever on mortgages as price war takes average rate to record low of 3.01%

During the first quarter, the average interest rate on a home loan fell to 3.01 per cent, down from 3.26 per cent in the final quarter of 2014.

NatWest is pulling the plug on my Your Points credit card rewards  - is it allowed to do that and can customers fight back?

Is NatWest allowed to pull the plug on my credit card rewards?

I got a letter yesterday informing that the NatWest Your Points incentive scheme is to be terminated. It is a great scheme where NatWest credit card holders register for the scheme and get a point for every £1 spend via their credit cards. Is there any way to fight back?

50 ways to save money: Simple steps to cut what you spend that could clear your debts or seriously boost your savings

50 ways to save money....

To clear the average national household debt of £13,000 at 6% interest with a monthly repayment of £100 will take around 17 years. There are, however, plenty of simple ways to make significant savings on your regular spending that could clear your debt - or boost your savings - in less than a year. This is Money's top 50 - updated - money-saving tips may appear light-hearted but are deadly serious.

How to choose the best (and cheapest) DIY investing Isa - and our pick of the platforms

Pick the best (and cheapest) investment Isa platform

Choosing the right DIY platform is crucial but a wealth of choice and changes to charges have left many investors scratching their heads. We pick some of the best. We also highlight why investing in an Isa makes sense, as it should protect your hopefully growing investments from tax forever.

Revealed: The world's cheapest and most expensive stock markets - and where the UK stands

spt_Cape 3.JPG

We highlight the world's cheapest and most expensive stock markets, measured on three popular valuation tools and where the UK sits.

INVESTING TIPS: Fund and trust ideas for beginner and cautious investors

Starting out: Fund tips for beginner or cautious investors

If you are new to investing then the huge number of funds and investment trusts on offer can be confusing. Fortunately, This is Money's experts have some ideas to get you started.

INVESTING TIPS: Top fund and trust ideas for income investors

Income investing: Dividends can deliver both a healthy boost to long-term growth and a way to earn from your investments.

Income investing can let you draw on your portfolio or reinvest dividends to build solid growth over time. Our experts give their fund and investment trust recommendations.

INVESTING TIPS: Top fund and trust ideas for emerging markets

On the up: Emerging markets such as Brazil are where much of the world's growth is expected to be over future years.

If you're looking to add some flair to your investing Isa with emerging markets, This is Money's experts have some ideas to get you started

When will interest rates rise? Deflation arrives but the 'only way is up' for rates, with a May 2016 hike forecast

When will UK interest rates rise?

Figures from the ONS showed negative inflation of 0.1 per cent in April, as the consumer prices index fell slightly year-on-year. A mild dose of deflation is not forecast to change the outlook for rates, however, with inflation expected to soon pick back up again and a late spring 2016 rise on the cards.

Our savings picks: This is Money's five favourite best buy cash Isas for 2015

"No smoking" sign on a wall --- Image by © Christopher Stevenson/Corbis

We pick our five favourite cash Isas for savers. This is essential Isa reading and is kept up-to-date throughout the year

What next for mortgage rates? Fixed rates tumble to as low as 1.09% as homeowners get golden opportunity to lock in

Mortgage rates.jpg

If you are looking for a mortgage, rates have never been lower. We run the rule over the top deals available and whether now is the time to fix.

Looking for a better bank? This is Money's five of the best current accounts

Best five: which current accounts offer the best perks?

How hard does your bank account work for you? Here's our pick of the best accounts to make your money work harder, cut down on fees, or get free stuff.

What next for house prices? House prices rise across the UK but London has caught a chill

spt_split-weather-houses.jpg

House prices are rising across the UK but London has caught a chill - property in the capital remains expensive but prices are slipping back from their peaks. We look at the latest figures.

Ten tips for buy-to-let: the essential advice for property investors

Ten tips for buy-to-let

For many buy-to-let looks an attractive income investment in a time of low rates and stock market volatility. Climbing house prices, rising rents and improving mortgage deals are tempting investors - although they will need a big deposit. Read This is Money's top ten buy-to-let tips

Best paid UK jobs 2014: Compare your pay to the national average in the league table of salaries across 350 trades and professions

Best paid UK jobs 2014 Compare your pay to the national average

The influence of financial services on the economy is spelled out again as City brokers steal top spot in this year's official list of highest earners. According to the detailed 2014 annual salaries survey, brokers pocketed around 40 times more this year than those at the bottom of the list - the people responsible for keeping children safe on the way to school. Lollipop crossing patrols earned around £3,400.

Premium Bonds winners

June 2015
Prize value Winning bond No. Area
£1,000,000 164RC791582 Overseas
£1,000,000 133MV876632 Wirral
£100,000 73BT506847 East Sussex
£100,000 198FK110801 Derbyshire
£100,000 181PX471387 Bradford
£100,000 129KY401875 Bristol
£100,000 112RR370485 Swansea
£50,000 63YX411084 South Yorkshire
£50,000 220NP065394 Overseas
£50,000 219HQ388251 North Yorkshire
£50,000 209HP596747 Ealing
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