Another day of shame for Tesco: Grocer faces £500m fine over accounting scandal with guilty bosses set to be named

Another day of shame for Tesco: Grocer faces £500m fine over accounting scandal with

The first of three investigations into Tesco is due to report this morning. Regulator the Groceries Code Adjudicator will reveal how the grocer mistreated its suppliers. The probes, which include others by the Serious Fraud Office and the accountancy watchdog Financial Reporting Council, relate to a £326million accounting black hole that plunged the group into crisis last year.

Britain 'does not need to raise interest rates', claims senior bank of England official 

A6406X The Bank of England London, UK

In a speech in Parliament today, Kristin Forbes will argue that the collapse in the price of crude gives the central bank 'the luxury of a bit more time' before raising rates.

Top tips to sell your property for more:  We reveal the tricks used by Hollywood stylists - and how to use them in your home

Top tips used by Hollywood stylists to sell your property for more

Home styling was once the preserve of wealthy Hollywood celebrities but is increasingly being used in Britain as homeowners seek to sell their properties quickly and at a better price. We reveal some of the top tips and how you can adapt them for use in your property.

Britain's benefits bonanza: 29 UK cities have 'low wage, high welfare' economies - and one has seen its benefits bill jump 45%

According to the report, cities with low pay packets and high welfare bills include Manchester and Bradford. Cities enjoying high wages and low benefits bills include Cambridge and Aberdeen.

Fears for fragile Russian economy as collapsing oil price and Ukraine sanctions take their toll

Russia's President Vladimir Putin chairs a government meeting in the Novo-Ogaryovo residence outside Moscow, on March 26, 2014. Siemens AG CEO Joe Kaeser told today Putin the German industrial giant plans long-term investment in Russia, in a key sign of confidence in Russia's economy despite the outcry over its intervention in Crimea. AFP PHOTO / RIA-NOVOSTI /POOL/ MIKHAIL KLIMENTYEVMIKHAIL KLIMENTYEV/AFP/Getty Images

Official figures showed output fell 3.7 per cent in 2015 - its weakest performance since 2009 - following growth of just 0.7 per cent in 2014.

Table service for Big Macs: McDonald's to introduce waiters at hundreds of restaurants by the end of the year

McDonald's Reports Second Quarter Earnings and Record Sales Reflecting Revitalization Progress...REDWOOD CITY, CA - JULY 29:  Alexandra Cedano prepares an order at a McDonald's restaurant July 29, 2003 in Redwood City, California.  McDonald's Corporation today reported record second quarter and first half U.S. sales spurred by enthusiasm for its new food offerings and improvement in food taste and service initiatives. Despite the significantly stronger U.S. sales, McDonald s global profits fell 5 percent as sales in its restaurants in Europe and Asia remained flat.(Photo by Justin Sullivan/Getty Images)...A...FIN...Redwood City...CA...United States...earnings
store
restaurant
profits
mcdonalds
food
financial
finance
fast food
economics
eat

The chain announced it would expand the number of new restaurants which allow customers to pay at digital kiosks when they walked in. Then McDonald's staff carry over the food on a tray.

Sterling falls after further downbeat news from UK manufacturers, as Brexit fears, and Bank of England inaction also take a toll

File photo dated 15/1/2007 of Euro coins and notes next to UK currency. The pound hit a record low against the euro today amid more economic gloom for the UK. PRESS ASSOCIATION Photo. Issue date: Wednesday December 10 2008.  At its low point, one pound bought just under 1.14 euros - its weakest-ever showing against the single currency and a blow for holidaymakers planning festive trips. See PA story CITY Pound, Photo credit should read: David Jones/PA Wire

A CBI report for the three months to January showed both domestic and export new orders were nearly-flat, although that did represent an improvement on the previous quarter when orders fell.

Like
MailOnline

Follow
@MailOnline

MARKET REPORT: Morrisons stock shows signs of life as analysts back grocer's new management team after early success and improved trading

MARKET REPORT: Morrisons stock shows signs of life as analysts back grocer's new

However, shares, in the supermarket giant fell 1.2p to 160p yesterday as it was dragged down by problems engulfing market leader Tesco. Analysts at Cantor Fitzgerald suggested Tesco is about to be implicated in a criminal fraud investigation that could mean huge fines.

Investors toast drinks firm Fever-Tree as it provides the perfect tonic with shares up 9% and annual revenue soaring

Budget Case Study 2012. Tim Warrillow from Fever Tree mixer drinks company. His company has seen expanded growth into Uk and international markets as a premium mixer company.

In a trading update yesterday the upmarket soft drinks maker said sales in the second half of its financial year will be up 77 per cent on the previous year.

GlaxoSmithKline begins search for new ceo to succeed embattled Sir Andrew Witty as investors call for drugs giant to be split up

GlaxoSmithKline Chief Executive Andrew Witty, speaks at the Global Investment Conference in London on July 26, 2012. 

GSK's nicotine replacement therapies and smoking cessation products include the brands Nicorette, NicoDermCQ and the medicine Zyban. E-cigarettes, metal tubes that heat liquids typically laced with nicotine and deliver vapor when sucked, are transforming the market for smoking cessation products.









REFILE - CORRECTING TYPO
 .  To match Feature HEALTH-ECIGARETTES/QUITTING REUTERS/Neil Hall/Files (BRITAIN - Tags: BUSINESS POLITICS HEALTH)

With the drugs giant facing pressure from powerful shareholders, it is understood the board has started succession planning.

Oil price falls again as Shell shareholders prepare to vote on mega-merger with BG Group

Petrol pumps are pictured at a Shell garage in central London, 31 January 2008. Anglo-Dutch energy giant Royal Dutch Shell said Tuesday April 29, 2008, that first-quarter net profits leapt 25 percent to 9.08 billion dollars (5.83 billion euros) because of record-breaking crude oil prices. Net earnings on a current cost of supply (CCS) basis, excluding fluctuations in the value of inventories, were up 12 percent to 7.78 billion dollars in the three months ending March 31, compared with the same period of 2007.

AFP PHOTO/LEON NEAL/FILES (Photo credit should read Leon Neal/AFP/Getty Images)

(FILES)

The price tumbled as much as 3 per cent during trading yesterday when it emerged Iraq had produced a record high of oil and may even raise output further.

ALEX BRUMMER: Nothing could be more damaging to UKplc than this absurd plan for a full-scale break-up of GlaxoSmithKline

Daily Mail City Editor Alex Brummer.
byline

Pharmaceuticals is one of the few areas where Britain's competitive edge in global markets is well established and GSK and AstraZeneca are flagships for British based R&D.;

Tata begins to weigh up which jobs should go at its Port Talbot plant

File photo dated 20/10/15 of a view of a Tata Steel sign, as the Government is set to come under fresh pressure to help the steel industry as workers are braced for more job losses. PRESS ASSOCIATION Photo. Issue date: Monday January 18, 2016. Tata is expected to announce around 1,000 job cuts at plants including Port Talbot and Llanwern in south Wales. See PA story INDUSTRY Steel. Photo credit should read: Anna Gowthorpe/PA Wire

The Indian-owned firm last week said it is set to cut 1,050 jobs. The lion's share, about 726 jobs, will go from Port Talbot along with 200 in support functions.

Bean counters who got dragged through the mud: KPMG checks the books of Britain's biggest firms. But now its own reputation is being called into question

Bean counters who got dragged through the mud: KPMG checks the books of Britain's biggest

Accountancy firm KPMG is under attack over its audits of a string of bad banks, not to mention allegedly rogue partners and a failure to spot anything awry at scandal-ridden organisations from football governing body Fifa to insurance company Quindell. The Financial Reporting Council last week finally announced it is considering an investigation into its audit of Halifax Bank of Scotland,

New insurance product pays the salary of parents who give up work to care for a seriously ill child - but is it better than critical illness cover?

If your child fell seriously ill could you cope financially? A new product aims to tackle this situation as it pays out your take home salary for 12 months if your child were to fall seriously ill.

Sky buys £7m stake in US ad-targetting firm which analyses customer information to decide what adverts are shown

Television programme, 'Game Of Thrones', TX Sky Atlantic.
Emilia Clarjke as Daenerys.
fml-got-game-of-thrones-34004687-889-1198.jpg

Since 2014 Sky has used data from experts to broadcast different adverts to different households - even if they are watching the same television programme such as Game Of Thrones.

Not again! New plot to raid your pension pot: Treasury looking at limiting lifetime allowance to £750,000 and restricting amount that can be put away each year

George Osborne looking at limiting lifetime pension allowance to £750k

Experts warn that a 'terrifying' move to restrict annual contributions would hit millions of prudent British workers on modest salaries. Pictured, Chancellor George Osborne.

Would you use a doggy AirBnb? DogBuddy lets you meet and rate pet-sitters - and its founder says he's tapping into a £3.8bn market

The DogBuddy service pairs owners who are going away with carefully selected pet sitters, and takes a 15 per cent cut of the proceeds. The UK dog sitting industry is worth approximately £3.8million.

Investors face fresh wave of dividend cuts: Collapsing commodities starting to hit income, report warns

Income investors face fresh wave of dividend cuts in 2016, warns Capita

Dividends from UK stocks, including one-off special payouts, are set to fall 1.3 per cent to £86.5billion over the coming year, according to the keenly watched Capita dividend monitor. A rush of big firms slashed payouts in 2015, among them Anglo American, Glencore, Standard Chartered, Centrica and Tesco.

The DS3 revived: RAY MASSEY gives his detailed summary on the all-new Distinctive Series unveiled by Peugeot-Citroen

Last week giant French car group PSA Peugeot-Citroen unveiled its new, upmarket and upgraded DS3 super-mini range comprising a hatchback and open-topped cabriolet.

MPs call for telecoms giant BT to sell its Openreach service so that the UK's shoddy broadband coverage can be improved

OPENREACH CHIEF EXECUTIVE STEVE ROBERTSON, LAUNCHES THE NEW LOGO, AT THE BT HQ IN ST PAULS LONDON. BT Openreach was unveiled today as the multi-billion pound business that will be responsible for the nationwide local BT network

The 'Broadbad' report by the British Infrastructure Group of MPs claimed that consumers and businesses suffer from Openreach's failure to invest in broadband services.

Why it still pays to save into a pension as the Government looks to cut tax breaks for millions: How to kickstart, revive and boost your fund

Why it still pays to save into a pension as the Government looks to cut tax breaks for

The pensions landscape is changing radically as the Government seeks to cut the tax breaks it gives to savers. Despite the impending upheaval, experts agree on one thing - you shouldn't write off the traditional way to save for retirement. The Mail on Sunday looks at how to kickstart, revive and boost your pension. Bev and David Staples, pictured, plan to retire to Spain.

From 'shoulder surfing' to the 'Lebanese loop': Make sure you don't become one of the 2,500 cashpoint fraud victims next week

How to make sure you don't become one of the 2,500 cashpoint fraud victims

Millions of pounds every year are stolen from people using cash machines. The Mail on Sunday shows you how to fight back against the scourge of cashpoint fraudsters. Last November, Sophie How paid £400 into a cash machine at her local Santander bank. Moments after making the deposit, the person behind her in the queue withdrew £300 from her account, the maximum allowed on her card. Sophie, 23, had accidentally left her card behind in the machine, allowing the person to 'shoulder surf' her PIN and then use it to withdraw the cash.

Just in case you were in any doubt... Going to the pub makes us happier, finds Oxford University study

A8AKN0 Young couple in pub

Regulars with a good pub nearby are 'significantly' happier, have more friends, better life satisfaction, and actually drink in more moderation, according to a Camra report.

The seven golden rules of buy-to-let: How rental property can still be a good investment if you do it properly

How rental property can still be a good investment if you do it properly

'The UK population is rising faster than in any other EU country. The one million home shortfall is likely to result in higher rents. This will provide opportunities for landlords,' says London estate agent Jeremy Leaf. But, given the new regulations, first-time investors must plan scrupulously. We've drawn up seven golden rules to make sure you get the best from buy-to-let.

What makes a successful self-build? Home in on the essentials when building your dream property

Tens of thousands of people intend to make 2016 the year they get their hands dirty and build their dream home. Dennis and Pam Whiteway aim to be in their self-build in Cheshire by Easter.

The landlords charging tenants £10 just to have friends to stay

Landlords and letting agents including EasyLets UK, Spacelet and Flatland have been accused of maximising a booming rental market by charging tenants additional fees.

British supercar maker McLaren planning to more than double sales as demand soars

McLaren planning to more than double sales as demand for its supercars soars

The company, based in Woking, Surrey, sold 1,654 vehicles last year in 30 markets around the world. It is now planning to sell about 3,000 this year and 4,000 in 2017 as it ramps up production. The demand for McLaren cars, including the recently launched Sports Series and its P1, has led to a second shift at its production centre and the creation of 250 new jobs.

Stock markets are reeling and interest rates are going nowhere anytime soon: Here's how to survive the meltdown

Stock markets are reeling and interest rates are going nowhere: How to survive the

A lethal cocktail of plunging oil prices and signs that China's economic growth may shudder to a halt has sent stock markets reeling. Combined with a strong warning to savers from Bank of England Governor Mark Carney that interest rates will not rise this year, these pose big challenges to our finances. Here, The Mail on Sunday provides an action plan for investors, savers and borrowers.

SIMON WATKINS: Google has coughed up a paltry £130m to taxman - this won't be the last word on the issue

The sum of money is paltry given the many years in which Google paid little or no tax in the UK thanks to entirely legal but aggressive tax avoidance measures.

SUNDAY NEWSPAPER SHARE TIPS: Green Dragon Gas and property companies

We round up the Sunday newspaper share tips. This week, Midas says China-based gas producer Green Dragon is a buy, and the Sunday Times tips property companies.

MIDAS SHARE TIPS: China's demand for gas will help Green Dragon roar back to life 

MIDAS SHARE TIPS: China’s demand for gas will help Green Dragon roar back to life 

Oil prices have been tumbling and the latest data from China suggests the country is growing at its slowest pace for 25 years. Green Dragon Gas is a China-based gas producer, so it might seem counter-intuitive to recommend the shares in the current environment. But the company is expected to produce soaring sales and profits over the next few years and the stock, now 205p, should rise in sync. Green Dragon is the brainchild of Randeep Grewal, an engineer turned entrepreneur, who has spent the past three decades in the oil and gas industry. Grewal went to China in 1992, when the country was just opening its doors to foreign investment. After several years of negotiation with the Chinese, he acquired the rights to explore two million acres of land - roughly the size of Devon and Cornwall combined.

SCOTTISH AMERICAN INVESTMENT COMPANY: Dividend is king, say the Saints who leave no stone unturned 

Global stock exchanges plunged into bear market territory last week as fears grew over the health of the world economy. But James Dow of Scottish American implores investors to think long-term.

A bear market...? Or is the outlook for investors far more grizzly as experts trim UK growth forecasts

Stock exchanges reeling from a collapse in emerging market growth will face renewed pressure this week as figures show Britain's own economic recovery has slowed.

Exposed: The so-called critical illness 'protection' policies that fail to live up to their name

The critical illness policies that fail to live up to their name

Breadwinners are unwittingly spending hundreds of pounds a year on financial protection insurance that is not fit for purpose. The Mail on Sunday has established that a rump of life insurance companies continue to sell so-called 'critical illness' policies that impose such onerous terms and conditions that making a successful claim for some serious illnesses is nigh on impossible. Breadwinners are unwittingly spending hundreds of pounds a year on financial protection insurance that is not fit for purpose. Hein Pretorius, 44, was denied a payout following an amputation.

Fury at banks 'hounding MPs' families like African despots': Tory politician claims new money laundering rules mean 150,000 people could have their cash seized 

Mandatory Credit: Photo by Nick Cunard/REX/Shutterstock (2070635d)..Charles Walker..Charles Walker MP at home in Hertfordshire, Britain - 11 Jan 2013..Charles Walker, 45 year old Conservative MP for Broxbourne, Hertfordshire.  He chairs the all party group on mental health who are launching 'Making Up Our Minds: Towards Improving Our Approach To Mental Health' written by eight Tory Mps  to engage other politicians and create wider understanding of mental health issues . Walker himself went public about his own troubles with OCD and has become a figurehead for the campaign...

Britain's banks have been accused of hounding MPs' children, parents, grandparents and even in-laws in a crackdown aimed at curbing fraud by corrupt African dictators.

Two thirds of over-55s who borrow from their homes to help fund retirement are opting for drawdown mortgages 

Homeowners who are using the equity stored in their property to borrow money to help fund their retirement are becoming more choosy in what plans they are buying.

JEFF PRESTRIDGE: We've all been hung out to dry on pensions - and now Osborne is assaulting Middle Britain's ability to save for retirement

JEFF PRESTRIDGE: We've all been hung out to dry on pensions

There was a time - not many moons ago - when Britain led the world in pensions. Companies, big and small, provided some of the best pension arrangements that money could buy. Rolls-Royce was the label banded about to describe the schemes - final salary plans - that most employers had in place to secure their workers a decent financial life in retirement. Sadly, that is no longer the case. Rolls-Royce has been replaced by Reliant Robin. Employees have been hung out to dry.

TONY HETHERINGTON: My daughter's university student loan has turned into a fiasco 

Mrs J.B.writes: I am becoming increasingly frustrated by the ongoing fiasco involving student finance and the university from which my daughter obtained her degree.

We're watching you: Watchdog throws out Banc de Binary claims 

Newspaper watchdog the Independent Press Standards Organisation has rejected a complaint made by Oren Laurent, the owner of offshore gambling company Banc de Binary.

Millions of savers face pension shock in Budget: We reveal tricks to guard your nest egg from tax onslaught

Tricks to guard your pension from tax onslaught before Budget 2016

We explain what is happening to pensions, who will be hit, and what can you do to mitigate the damage. Wealthy savers are being warned to overhaul their pension arrangements and bung as much into their pots as possible up to current tax limits before the Budget on 16 March. The big threat is that Chancellor George Osborne will introduce a 'flat rate' pension tax relief system - ditching the principle that everyone saves for retirement from untaxed income.

The Bank of England has ruled out any imminent interest rate rise, so is it time to forget about fixed-rate mortgages and take a chance on a tracker?

Falling stock markets have pushed back the prospect of an interest rate rise, leaving mortgage borrowers to question how necessary it is to fix their home loan.

Millions suffer 'dire' internet speeds, report by MPs warns: Taxpayers' fork out £1.7billion to improve services but are still left waiting according to study

The report claims 5.7 million customers, especially in rural locations, have internet speeds so low they break regulations

A damning study has revealed that 5.7million Britons are not receiving the connection speed required by Ofcom, with some waiting up to two hours to download a one-hour video.

What should investors do in a market meltdown? Hold your nerve, rebalance your portfolio, and watch five key indicators for signs of recovery, say experts

What should investors do in a market meltdown?

Investors watching markets go wild in the past few weeks will be wondering whether they can afford to brazen out further dramatic falls. A slump in oil prices below $30, mounting evidence of an economic slowdown in China, and worries about the impact of higher interest rates in the US have ravaged markets - knocking billions of pounds off the value of UK stocks. So what should investors do in this adverse climate? We round up advice from the experts.

The transfer your investments window: Fidelity offers up to £1,500 cashback for Isa and Sipp savers who switch

The football transfer window may be in full swing, but Fidelity is also doing its best to tempt investors to make their own big money moves.

New savings minnow launches best buy fixed-rate bonds at up to 3.2% - but is Milestone Savings a safe place to squirrel away cash?

Milestone Savings - which is part of Gatehouse Bank, an investment bank based in London - has one-year and five-year fixes that are offering better rates than are currently on offer.

Car for sale: One careful owner, 1,130 miles, £1.8 million. This super-rare used Bugatti Veyron may have an outrageous price, but wait till you see the running costs

Ultra-rare used Bugatti Veyron on sale for a mighty £1.8m

Dread that moment when your car mechanic tells you that you need to fit four new tyres to your car? Imagine the groan of discontent if he then told you a set of new rubber cost £24,000. Well that's the reality if you're fortunate enough to afford this outrageous second-hand motor - a one-of-eight Bugatti Veyron Grand Sport Vitesse that's just gone on sale in the UK.

LAURA WHITCOMBE: I didn't find inner peace doing my tax return before 31 Jan - HMRC gave me the wrong advice and I nearly overpaid my student loan

Inner peace. That's what HMRC is promising if you complete your tax return and by January 31. Well guess what? I just completed mine and have I found inner peace? Fat chance.

How badly are your Isa and pension hit when the stock market crashes? We answer four of the big questions on savers' minds

peaks that follow the dips graphic

THE FTSE 100 fell into bear market territory this week, meaning it was down more than 20 per cent from the heady highs of 7,123, which it reached last April.

James Bond's £1m Aston Martin concept car goes up for auction (but it is not even allowed on public roads) 

James Bond's £1m Aston Martin concept car goes up for auction (but it is not even allowed

One of only ten built as a concept model for the movie, the car (pictured) has never been in production and is not allowed on public roads. The luxury car firm has asked auction house Christie's to sell the DB10 as a collectors' item to raise funds for Medecins Sans Frontieres, which sends doctors into war-torn regions.

'You need to look for the next big thing, not the thing that's big now': As she takes on estate agents, property TV star Sarah Beeny reveals her start-up secrets

Tepilo's Sarah Beeny reveals her start-up secrets as she tries to disrupt property

TV property star Sarah Beeny has disrupted two industries - estate agencies and online dating - with the companies she has founded. Here she tells us her start-up secrets, including the single most important quality she looks for in an employee and why young businesses that put customers first can thrive.

When will my £38k student loan payments kick in? I've secured my first 'proper' job but haven't yet been charged

My starting pay is £20,500 and will rise to £23,700 next year once my training is complete. When will I start paying my student loan? I haven't paid a penny since I graduated in September.

Switch your bank as you would your mobile to save and make money, says account switching boss ANNE PIECKIELON

More should consider a bank account healthcheck and switching banks to save and make money, urges Anne Pieckielon, of the Current Account Switch Service.

Interview with director of THE BIG SHORT: Adam McKay reveals why he went from making films like Anchorman to one about subprime mortgages...and who he would lock up for the financial crisis

The Big Short director Adam McKay on making a film about financial crisis

As The Big Short is released in cinemas this weekend, This is Money sits down with Oscar-nominated director Adam McKay and finds out what he thinks we can do to stop another financial crisis.

Debt map of Britain revealed: The areas of the UK where households are most likely to seek advice over problem debts

Those living in London, Hull and Manchester are among the most likely to seek professional debt help, according to new research from StepChange and Experian.

Exclusive: Camelot reveals record £139m of Lotto sales as Britons snapped up 400 tickets a second in run-up to £66m jackpot

Camelot has told This is Money that it saw a 'record week' for National Lottery sales in the run-up to the bumper jackpot of £66million on Saturday 9 January.

George Osborne poised for fresh blow this week as figures show British economy is not as strong as expected

George Osborne poised for fresh blow this week as figures show British economy is not as

An official report published on Thursday is set to show that output rose by just 0.4 per cent in the final three months of 2015. That would mean the economy grew by 2.2 per cent last year - down from 2.9 per cent in 2014 and weaker than the 2.4 per cent pencilled in by the Treasury. The slowdown could blow a hole in the Chancellor's plans to balance the books, forcing him to raise taxes or cut spending in his Budget in March.

DAVID GAUKE MP: It's time to end the annual tax return horror

We're investing £1.3bn to make HMRC one of the best tax administrators in the world. The shift to digital tax accounts for our great British businesses is a key part of that.

Digital radio maker Pure could be sold after owner, Imagination Technologies confirms it's reviewing options

The Sunday Times had said Imagination - which saw its shares plunge in December after it issued a profit warning - could sell Pure as well as its corporate HQ to boost its balance sheet.

SMALL CAP IDEAS: Ethiopian gold mining group KEFI Minerals is well on the way to locking in finance

A key reason is that all-in sustaining costs per ounce of gold produced are likely to come in at a very robust $742 per ounce, allowing for significant margin even on today's weaker gold price of around $1,100.

Kingfisher investors left unimpressed by B&Q; owner's new five-year growth plan, despite proposals for big cash return

South London entrance to B&Q do it yourself warehouse store in retail shopping park includes bollards to reduce ram raid risk ..

DIY, London, shopping, London, England, Britain, geography, building, architecture, design, planners, construction, glass, DIY, leisure, trade, pay, shopping, business

The owner of DIY chain B&Q; announced a push to increase annual pre-tax profits by £500million within five years and return £600million to shareholders.

Hedge funds bet £275m on fall in Ocado share price as rumours of bid from Amazon hot up 

Hedge funds bet £275m on fall in Ocado share price amid Amazon bid rumours

Grocery delivery firm Ocado has been besieged in the past week by hedge funds placing huge bets on a share price fall at the online company. The rush to 'short-sell' Ocado shares follows an unexpected spike in their price after rumours emerged that the company would soon receive a takeover bid from online giant Amazon. But the number of short-selling positions in the stock has increased dramatically in the past month and shot up again last week.

Iran expected to sign contract this week to buy 114 Airbus planes in boost to British manufacturing

The deal is due to be signed during a visit to Paris by Iranian president Hassan Rouhani, according to Abbas Akhoundi, Iran's transport minister.

'Bruising end' to 2015 after huge spike in companies posting profit warnings 

A total of 313 companies issued profit warnings to the stock market in 2015. This represented 17 per cent of all listed firms and was the highest proportion since 2008.

Tyrie piles pressure on banks and City watchdogs to fix IT failures plaguing customers

The head of the Treasury Select Committee has called on the City watchdog to take responsibility for sorting out the constant string of bank computer failures.

Cost of producing oil is threatening to overtake what it can be sold for

Crude fell to a 12-year low last week - below $28 a barrel. According to International Energy Agency, it costs between $20 to $30 to produce one barrel.

Challenger bank Metro looks to defy stock market turmoil in £2bn flotation

The float comes just over five years after Metro became the first new bank to launch in Britain for more than 100 years. In five years it has attracted customer deposits worth almost £2.9 billion.

Fears grow that China's cheap steel 'dump' will be followed by cement and tiles, devastating Britain's homegrown industries

The European Commission is on the brink of accepting that Beijing no longer supports its industry. This would effectively rule out tariffs on Chinese goods.

'I want my name back,' says clothing entrepreneur Karen Millen as she prepares for High Court battle 

'I want my name back,' says Karen Millen as she prepares for High Court battle 

Fashion designer Karen Millen is heading for a High Court battle with the company she founded to try to recover the right to use her name. Millen set up her business in 1981 with her partner Kevin Stanford. The chain was acquired by Icelandic investor Baugur in 2004. The deal - valued at £95 million - included an agreement that stopped her using her own name in future business ventures. Baugur collapsed in the Icelandic financial crisis and its assets are now owned by banks based in Iceland.

'I'm making craft beer out of Britain's leftover bread mountain: Food waste campaigner offers drinkers Toast Ale

Food waste campaigner converts discarded bread into craft beer 

Food waste campaigner Tristram Stuart is launching Toast Ale to make use of the most wasted provision of all - bread - by turning it into beer. About 44 per cent of the bread supplied to the UK sandwich industry is wasted and some 24 million slices of bread are thrown out by Britons daily. On Thursday, a global drive to speed up progress towards hitting a UN target of halving the amount of food wasted by 2030 was launched at the World Economic Forum in Davos.

'We must fix our business failures', Institute of Chartered Accountants warns the Government

Government policy is failing to keep up with the rise in home-based businesses in the UK, a report from the Institute of Chartered Accountants in England and Wales has warned.

Children's cutlery firm Doddl feels the X-Force with £15k loan

Doddl Cutlery, a maker of children's cutlery designed to encourage self-feeding and the development of a pincer grip, has become the 500th business to receive support from X-Forces.

Live messaging is the future of online sales, says Grabble shopping app boss 

Live messaging is the future of online sales, says Grabble app boss 

Daniel Murray, co-founder of Grabble, an online shopping app dubbed the 'tinder for fashion', predicts 2016 will be the year for personalised services such as instant messaging for the 'busy or bored'. Grabble, an iPhone app that lets people browse the latest collections from fashion retailers such as ASOS and Zara, launched in 2014. Users can swipe right to 'grab' a product and put it in a wardrobe, or left to reject it. The clothes can then be bought via the app.

Bad weather conditions cause havoc for small firms across UK 

Bad weather conditions are hitting the revenues of 69 per cent of small to medium-sized businesses in the UK, according to research from insurance broker Towergate.

Latest in Beauty drums up £500k in investment to expand beauty box business

Nort Janssen launched 'try it for less' beauty box firm LIB Group in 2008. It now has a customer database of more than 11 million women and has worked with 300 brands.

What's it like to use a £300,000 car in real-life? From parking stresses, to the gearbox that knows the open road ahead, we test the Rolls-Royce Wraith

What's it like to use a £300k Rolls-Royce in real life? We test the Wraith

The Wraith is the smallest, and most powerful Rolls-Royce of the moment, but with a price tag of £235k is it a car you can really enjoy driving every day? We used it as a daily commuter through the city, on twisty B-roads and mundane motorways to find out in our real-life test drive.

Motorists in the North East, hold your heads high - a leading car insurer's 'blackboxes' show you're the best drivers in the UK

Many of us think we're the greatest driver in the country, but where do you think the best motorists live? Stand up Geordies, Mackems and Smoggies, as, according to Direct Line, it's the North East.

Asda cuts diesel to 97.7p as Osborne claims collapsing oil price is good for us all (but AA insists pump prices are not falling fast enough)

ASDA Superstore petrol filling station

Asda has fired a fresh blast in the supermarkets battle to drag more shoppers into stores by tempting them to come to their sites and fill up, while the Chancellor put a gloss on the tumbling oil price.

SIMON LAMBERT: £74 a month for dodgy broadband, a phone I don't use and a large selection of bad TV... I must be mad

Virgin's £74 for dodgy broadband, a phone I don't use and some bad TV... I must be mad

The art of milking customers has been skilfully demonstrated by our TV and telecoms giants. What I need to do is call up and threaten to leave unless I get a much better deal. However, the problem is that when I sit down to compare the packages different providers offer, the industry's confusion pricing nudges me into giving up before I can complete the task. Fortunately, time appears to have been called on their confusion pricing.

A black box in your car won't tell police if you're speeding or record conversations: How common myths about telematics are putting drivers off

Three in ten drivers think if they put a black box in their car, to monitor their driving and potentially cut their insurance premiums, their own data will be shared, according to new research.

The £100 car insurance hike: AA report said premiums rose by 20% in a year with false whiplash claims accounting for half the leap

An average comprehensive annual policy cost £625.70 in the final quarter of 2015 - a 20 per cent increase compared to the same months in 2014, according to an AA insurance index.

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

L Board sign on the rear of a blue saloon car , UK

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? 'Now is not yet the time to raise,' says Carney, as turmoil strikes global economy

When will UK interest rates rise?

Bank of England Governor says that collapsing oil prices, lingering low inflation, slowing UK growth and a 'weaker' global economy meant the MPC is in no hurry. Predictions for a first rate rise have now drifted out to late 2016 or even later into 2017.

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

Fight back against the banks: Your guide to the rules of switching and where to find the best current accounts - some will even give you free money!

Banking customers typically stick with their current account provider for an average 15 and a half years. But signing up for a new account can get you a much better deal. Here's how to switch

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

What next for house prices? House price rises ease but London market is picking up again

spt_split-weather-houses.jpg

After a slowdown earlier this year, the London market appears to be continuing to push ahead of the rest of the UK. We look at the latest figures.

What next for mortgage rates? Borrowers are in a sweet spot, so is it time to fix?

A stock photo of a miniature toy house .

E08RMN

Borrowers could be in something of a sweet spot, with lenders keen to lend, house prices rising and a first rate rise still considered a way off. We look at the best mortgage rates.

TIPS, TOOLS AND HELP FOR LANDLORDS

Partner services

Landlord insurance

Quick, easy - compare and buy today

Find a mortgage

Buy-to-let rates and advice

Boiler cover

Insure your heating system for less

easyProperty.com

Find tenants - from £9.99

Best paid jobs 2015: Compare your salary to the national average in this league table of 350 professions - and see the year's winners and losers

Compare your pay to the UK average across 350 professions

Musicians have seen pay rises averaging nearly 20 per cent in 2015, while cleaners are getting 17.8 per cent more, and window cleaners 12.3 per cent. Artists in general are earning 14.6 per cent more in 2015 than 2014, according to the huge annual data dump of pay scales by the Office For National Statistics highlights.

Premium Bonds winners

January 2016
Prize value Winning bond No. Area
£1,000,000 200WX818076 Leicester
£1,000,000 198JT390484 Leicester
£100,000 63VY064447 Leicestershire
£100,000 56ZR624661 West Scotland
£100,000 249FA076648 Staffordshire
£100,000 143HD175731 Hertfordshire
£100,000 102KE064086 Devon
£50,000 252DL082709 Leeds
£50,000 241NJ159059 Somerset
£50,000 239GE660218 Hampshire and Isle of Wight
£50,000 232GZ086470 Somerset
More Premium Bonds winners
   

MOST READ MONEY

Tourist rates

Currency Rate Buy now
Updated 26 Jan 2016.
Euro 1.2876 Buy Now
US Dollar 1.3951 Buy Now
Australian Dollar 1.9815 Buy Now
Canadian Dollar 1.9763 Buy Now
Chinese Yuan 9.0157 Buy Now
Croatian Kuna 9.7639 Buy Now
Czech Koruna 34.586 Buy Now
Danish Krone 9.5404 Buy Now
Egyptian Pound 9.7256 Buy Now
Hong Kong Dollar 10.814 Buy Now
Hungarian Forint 396.37 Buy Now
Israeli New Shekel 5.4251 Buy Now
Japanese Yen 165.57 Buy Now
Malaysian Ringgit 6.2624 Buy Now
New Turkish Lire 4.1173 Buy Now
New Zealand Dollar 2.14 Buy Now
Norwegian Krone 12.081 Buy Now
Polish Zloty 5.6735 Buy Now
Singapore Dollar 1.9866 Buy Now
South African Rand 22.865 Buy Now
Sterling 1.0 Buy Now
Swedish Krona 11.84 Buy Now
Swiss Franc 1.4111 Buy Now
Thai Baht 49.494 Buy Now
UAE Dirham 5.11 Buy Now

Long-term savings

Monthly savings plan

Find out how much a regular monthly savings scheme could make me.

Results
Or lump sum investments

Calculate how much a lump sum investment could be worth.

Result

Mortgage Affordability Calculator

Your monthly payment

Enter how much you plan to borrow and find out your monthly bill. Assumes interest calculated annually.

Result
Your total mortgage

Enter the amount you can afford to pay monthly (eg. your current rent) to find out how much you can borrow...

Result
Are you over-stretching

How much of your income goes on your mortgage?

Result