Is London's luxury housing market about to crash? Hedge funds short housebuilders' shares on global meltdown fears

Is London's luxury housing market about to crash? Hedge funds short housebuilders' shares

Odey Asset Management, BlueMountain Capital Management and Anchorage Capital are reported to have shorted the stock of Berkeley Group, the London-focused housebuilder. Fears of global economic meltdown, emerging markets currency falls and the Brexit referendum have led some investors to bet the demand for the top end of the housing market in London will collapse.

Banking fears hit global markets: British investors endure rollercoaster ride as Japan's stock market plunges 5%

London ¦ A view of the Swiss Re Building also know as the 'Gherkin', as the famous London skyscraper has been placed into receivership in a move aimed at removing uncertainty over its ownership. PRESS ASSOCIATION Photo. Issue date: Thursday April 24, 2014. The 41-storey office block, officially known as 30 St Mary Axe, was sold to IVG Immobilien for a record £600 million prior to the financial crisis in 2007 but the German property business has been mired in a debt crisis since then. See PA story CITY Gherkin. Photo credit should read: Stefan Rousseau/PA Wire

UPDATED The FTSE 100 index was last trading 30 points or 0.5% up at 5,718 although the blue-chip index had earlier fallen into the red as traders absorbed steep falls for Japanese shares overnight.

Owners are Macan a profit: Massive demand for Porsche's SUV have sent used values soaring up to 25 per cent higher than they were when new

Massive demand for Porsche's Macan have seen used values soar as much as 25 per cent

Classic cars make a great investment, but it's not just sought-after collectibles that are providing strong financial returns .Porsche's Macan is in such demand that used prices are £5k more expensive than buying one of the SUVs new.

Barclays and Standard Chartered bank shares suspended as regulators check for suspicious behaviour during FTSE rout

Barclays, a British multinational banking and financial services company.

The bank has spoken of its "regret" over a memo suggesting its branches switch their television channels to entertainment shows as news broke of the banking giant's pay and bonuses. 

PRESS ASSOCIATION Photo. Issue date: Friday March 7, 2014. The bank reportedly recommended that staff turn on E4 or lifestyle channel Really, or switch off their televisions ahead of "negative coverage" about Barclays' annual report which revealed nearly 500 staff were paid at least £1 million each last year. See PA story CITY Barclays. Photo credit should read: Dominic Lipinski/PA Wire.

File photo dated 16/09/13.

The two UK lenders saw their shares slump amid fresh concerns about the global economy and the strength of some of the world's biggest banks.

Scrap £50 notes in war against terrorism and financial crime says ex-bank boss - as it's revealed ISIS is world's richest terrorist organisation

D0MEXR Woman's hand holding fifty pound notes UK British currency. Image shot 2012. Exact date unknown.

Other high denomination notes such as 500 euro notes and 100 dollar bills should also be taken out of circulation to disrupt the 'bad guys', former Standard Chartered boss Peter Sands said.

Airport bosses at war: Gatwick and Heathrow clash over pollution targets as frustration boils over in wait for runway decision

Heat reflecting off the runway at Manchester airport creates a mirage as planes take off.
. REXMAILPIX.

Heathrow chief executive John Holland-Kaye warned the UK would fall behind Paris, Istanbul and Amsterdam if a new runway at Heathrow was not approved.

Are you making it difficult to sell your car? The secrets to correctly valuing your vehicle and getting it sold

Selling a car can be stressful, time consuming and pricey, especially if you find it just won't budge in a congested second-hand market. Get it sold by following these tips.

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FTSE LIVE: Footsie sees modest rally thanks to firmer oil price despite big falls overnight by US, Asian stocks

FTSE LIVE: Footsie sees modest rally thanks to firmer oil price despite big falls

In opening deals, the FTSE 100 index was up 32.3 points, or 0.6 per cent at 5,721.7, having closed nearly 3 per cent, or 158.7 points lower yesterday led by a dive in banking stocks, to take its losses since the start of the year to nearly 10 per cent. Overnight Wall Street pared its steep early lows losses but still ended deep in the red, with the blue chip Dow Jones Industrial Average losing 1.1 per cent, and the broader S&P; 500 index down 1.4 per cent.

MARKET REPORT: Gold glistens again as traders panic helping specialist mining firms Randgold Resources and Fresnillo finish top of the FTSE

Gold bars ingots in the Gold vault under the Bank of England in Threadneedle Street London England

Volatile stock markets and the prospect of a rate rise in the US dwindling, sent the price of gold 2 per cent higher to an eight-month peak as traders hit the sell button on equities.

JAMES ASHTON: Osborne under pressure as experts predict he will have to resort to tax hikes or spending cuts to meet target of running a surplus in 2019

Britain's Chancellor of the Exchequer, George Osborne, gets out of a car as he arrives in Downing Street, London, Wednesday, January 27, 2016. 

(AP Photo/Alastair Grant)

One criticism of George Osborne last year was that too little changed in the UK economy to merit three set-piece financial statements.

Airport bosses at war: Gatwick and Heathrow clash over pollution targets as frustration boils over in wait for runway decision

Heat reflecting off the runway at Manchester airport creates a mirage as planes take off.
. REXMAILPIX.

Heathrow chief executive John Holland-Kaye warned the UK would fall behind Paris, Istanbul and Amsterdam if a new runway at Heathrow was not approved.

SMALL CAP IDEAS: DiamondCorp builds credibility with high value stones as production ramps up at Lace mine

NEW Big stones are marketable, as DiamondCorp's larger peer Petra Diamonds has demonstrated only too clearly in recent years, and it's nice to have something to take into town.

Brits splashed out on big ticket items in January helping retail spending show surprise 3.3% jump  

Across the country, the British Retail Consortium report said consumer spending climbed to a four-month high last month compared with a year earlier.

From writing on bank notes to hanging washing and being drunk in charge of a cow: Seven obscure laws that could cost you dear if you fall foul

Seven obscure laws: From defacing money to drunk in charge of a cow

Since King John signed the Magna Carta back in 1215 all manner of laws have slipped onto the statute books. Some are good, others less so, and then there are the downright peculiar. Lurking out there are plenty of obscure laws that could cost you money thanks to a fine or affect you as a consumer, but seem unlikely to ever be enforced.

MP calls for cuts to flight 'stealth tax' in Budget after the Treasury rakes in £3.2bn in just one year from holidaymakers and frequent fliers

Fliers from Britain pay the second highest rate of tax on flights in the world - and now MP for Crawley, Henry Smith, is calling for the 'stealth tax' to be cut further by the Chancellor.

Is an all-wheel drive turbo-charged Porsche 911 a step too far for traditionalists? We test the latest Carerra 4S Coupe

As well as a new engine, this Carerra 4S has plenty of other additions, including a tweak exterior and interior and uprated suspension. Does this make it the ultimate 911?

'Insurer rejected my claim for a brain tumour': So Legal & General, what's stopping you paying up this time?

'My insurer rejected my claim for a brain tumour': So Legal & General, what’s stopping you

Ruth Dunn's claim was rejected as her insurance company ruled that she had failed to disclose a previous neurological check-up. However both her GP and a neurologist claim that there is no connection between her previous symptoms and the brain tumour whatsoever.

What rate are you REALLY paying on your business loan? New tool helps SMEs figure out what they are being charged amid claims they're being misled

Commercial finance is unregulated, meaning that - unlike a personal loan - banks do not have to provide a clear APR figure. The Government is being urged to change the rules to help SMEs.

Google, Amazon and Facebook could be forced to disclose profits and tax payments in EVERY COUNTRY as EU closes in on 'sweetheart' deals

A first draft of the proposed EU law is expected to be published in April, official sources told the Guardian. Last month, US officials blasted the Commission for  unfairly targeting American companies.

Are you missing out on your work's perks? From life insurance to help with buying a home, your job could give more than just a salary and pension

The work perks that can help you buy a home, invest and get life insurance

With pay rises expected to stall at just two per cent for the third year in a row in 2016, it is time to squeeze extra value from your workplace perks. Rachel Webster (pictured) cashed in a special work savings pot in May and with the proceeds could afford the down payment on a three-bedroom terraced home.

Cheap date? Morrisons to sell Oysters for 25p each in time for Valentine's Day - the cheapest they've been in 25 years

oysters.jpg

The retailer claims that it the lowest retail price in the UK for 25 years, in a bid to help customers live a 'champagne lifestyle at the price of a fish finger'.

Npower finally cuts gas prices by £32 for 1.2million customers - but not until AFTER EASTER

CNABJ2 BRITISH DOMESTIC GAS BILL RE ENERGY COSTS BILLS HEATING FUEL FUELS RISING PRICES KEEPING YOUR HOUSE WARM HOMES INSULATION ETC UK. Image shot 2012. Exact date unknown.

Around 1.2 million households will see their gas bills fall by 5.2 per cent from the end of March, after Npower announced today it was cutting its standard gas tariff.

That old vinyl collection gathering dust in your attic? It could be music to your ears as some records sell for hundreds of pounds

'I prefer the sound of vinyl records': That old vinyl collection? It could be music to

Our renewed love affair with vinyl has created a huge growth in the value of collectable old records. Vinyl records previously viewed as junk quietly gathering dust in the attic or at the back of garages are now shrewd investments worth hundreds of pounds. Brigid Harrison-Draper (pictured), a vinyl collector and contributor to magazine Record Collector, says: 'There is no substitute for vinyl.

RateSetter unveils details of the first innovative finance Isa but is it enough to tempt you to put peer-to-peer in your tax-free savings?

RateSetter has become the first peer-to-peer platform to unveil details of its innovative finance Isa, ahead of the launch of the tax-free savings option in April.

The Great Tax Switch: Fury as small firms' rates burden soars - outstripping other taxes - and corporation tax take falls by billions

Small firms’ rates burden soars - far outstripping other taxes

Small and medium-sized companies are struggling to survive under the burden of a huge rise in business rates while the Treasury's income from corporation tax has fallen, according to the Confederation of British Industry. The organisation representing bosses has urged Chancellor George Osborne to reform business rates in his imminent Budget - due in just over a month's time - and has called on him to scrap the tax altogether for more than a million small firms.

Enough vegetables to feed a family of four for a week for £3.50? Asda starts selling 'wonky veg' boxes at 128 of its stores

wonky vegetables

More than 120 Asda stores across the UK will start stocking the boxes, which the supermarket says will contain enough to feed a family of four for one week.

'If I'm paid a good wage cheque, I bank it rather than spend it!' Soap star Gemma Atkinson tells how she saves her TV earnings and invests in property

Television soap star Gemma Atkinson reveals she started saving for a pension at the age of 15, invested in property at age 19, and is now a savvy Manchester landlord.

If my father-in-law gifts me £25k but dies within seven years will I have to pay inheritance tax?

If my father-in-law gifts me £25k but dies within seven years will I have to pay

Philip Scott for This is Money says: Under the current rules people can give money or other assets to family members, or anybody else who is not a spouse or civil partner, and - on the basis that the person giving the cash, does not benefit from it - the amount of cash will only be included in the donor's estate for inheritance tax purpose for seven years. From year three onwards the amount of the gift liable to inheritance tax reduces until it is completely out of the donor's estate after seven years.

Red Arrows pilots fighting defence giants: The small firms founded by former RAF flyers landing big government contracts

Red Arrows pilots fighting defence giants: The small firms founded by former RAF flyers

In the modern Armed Forces, regular troops and reservists carry out their roles alongside civil servants and civilians - and more of these jobs are now being handled by contractors. And whereas the old military was supported by a small club of large quoted defence companies - so-called prime contractors such as BAE Systems - today the upstarts are nibbling away at the big boys' market share.

John Lewis teams up with fashion retailer Finery with concessions planned for six flagship stores

A file photograph showing John Lewis in Oxford Street, London,  Britain, 23 December 2008. John Lewis Partnership Plc said 02 January 2009, sales rose last week at its department-store chain, the U.K.'s largest, and Waitrose supermarkets as discounts lured shoppers in the face of an economic contraction. Revenue surged 41 percent from a year earlier to 112 million euros at Waitrose in the week to Dec. 27, the London-based company announced 02 January.  EPA/ANDY RAIN

Finery launched last year and has made £5million in sales in its first 12 months of trading. Its product lines range from £15 for accessories up to £345 for its Fanshaw bonded leather coat.

Net-a-Porter's sales soar: Online fashion retailer reveals 31% jump following takeover by Italian group Yoox

Natalie Massenet
Caption: LONDON: Founder of Net a Porter Natalie Massenet poses for a portrait shoot for Town & Country magazine in London on May 8, 2008. 
Credit: Lorenzo Agius / Contributor
(Photo by Lorenzo Agius/Contour by Getty Images)
FEE AGREED FOR PAPER £400 one use only

Milan-listed Yoox, run by Federico Marchetti, bought Net-a-Porter in March from Swiss group Richemont. Founder Natalie Massenet (pictured) quit the firm after the deal and sold her stake.

Norway fund raps VW for giving too much power to the Porsche family and putting minority shareholders at a disadvantage

A Volkswagen badge is seen on a Volkswagen vehicle in Sydney, Australia, 02 October 2015. 

The German auto maker has said it will repair 11 million vehicles following revelations that the devices were fitted to diesel vehicles, but its local arm has yet to confirm whether Australian motorists will be affected.  

EPA/DEAN LEWINS AUSTRALIA AND NEW ZEALAND OUT
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Through family holding company Porsche Automobil Holding, the Porsche-Piech family own 50.73 per cent of the voting shares in VW, despite owning just 31.5 per cent of the company.

Boss of troubled smartphone parts maker Imagination Technologies quits after 18 years

iPhone 6 Plus Review Mobile.
iphone-6-plus-reachability.jpg

Hossein Yassaie, at the helm of the business since 1998, said he was leaving yesterday as Imagination issued its second profit warning in as many months, causing shares to fall 18 per cent.

RSA shares nosedive after Swiss giant Zurich scraps deal to buy UK insurer for £5.6bn

Undated handout photo issued by RSA Insurance Group of their Chief Executive Stephen Hester, as the More Than owner said it was willing to back a £5.6 billion takeover bid from Swiss rival Zurich after its suitor put forward a proposed offer. PRESS ASSOCIATION Photo. Issue date: Tuesday August 25, 2015. RSA said Zurich had made a revised approach worth 550p a share, which comes just hours before a 5pm deadline for Zurich to make a firm offer or walk away under City takeover rules. See PA story CITY RSA. Photo credit should read: RSA/PA Wire
NOTE TO EDITORS: This handout photo may only be used in for editorial reporting purposes for the contemporaneous illustration of events, things or the people in the image or facts mentioned in the caption. Reuse of the picture may require further permission from the copyright holder.

Zurich pulled out of buying RSA after its general insurance business, was hit hard by a series of explosions at a container storage station in China in mid-August.

Baffled by complex internet and phone offers when you try to switch? Don't worry, confusing ads may soon be...BroadBANNED!

Baffled by internet and phone offers? Ads may be BroadBANNED!

Millions of household bill-payers are routinely bamboozled by 'confusion pricing' used to promote broadband deals. But media watchdogs are gearing up to scrap the practice. Burying landline rental fees in contract small print often baffles customers, according to new research. Self-employed audio transcriber Lisette Davidson (pictured) is reluctant to switch broadband provider because she feels the process of comparing deals is deliberately puzzling.

JEFF PRESTRIDGE: What a pig's ear this Government is making of pensions - tin hats ready... we're doomed!

Their ongoing assault on pensions is already having an adverse impact on the propensity of people to save and build funds for the time when they work no more. Is that really what the Government wants?

MIDAS SHARE TIPS: Penna Consulting's on the march... as it helps firms hire and fire

MIDAS SHARE TIPS: Penna Consulting’s on the march...as it helps hire and fire

The company made its name as an adviser to firms with big redundancy programmes, helping staff to find other jobs or, at the very least, leave with dignity. Over the past two to three years, however, it has branched into specialised recruitment and training. It is also helping the Metropolitan Police create a more ethnically diverse workforce.

MIDAS SHARE TIPS UPDATE: Our 'big box' tip Tritax gets even bigger - with shares up 30 per cent

Retailers like using huge, strategically placed distribution centres. Tritax Big Box REIT owns these sites and rents them out to companies such as Sainsbury's and M&S.;

SUNDAY NEWSPAPER SHARE TIPS: Penna Consulting, BP and Victoria

We round up the Sunday newspaper share tips. This week, Penna Consulting, BP and Victoria are considered by the Mail on Sunday, Sunday Times and the Sunday Telegraph.

INVESTMENT EXTRA: The UK stock market has had a tough start to 2016 - but you can profit from the bank share plunge

INVESTMENT EXTRA: The UK stock market has had a tough start to 2016 - but you can profit

Historically banks were a popular investment with savers. They were strong, FTSE 100 companies that made large profits and paid a reliable dividend. The financial crisis changed that. But for those who believe the banks have cleaned up their acts, now may be the time to heed that old advice of buying when people are fearful and take advantage of cheaper share prices.

TONY HETHERINGTON: Here's the REAL picture about 'buy to let' art from Art Investment Management Limited

The idea is that you buy fine art which is then rented out to companies to hang in their boardroom or reception area, to impress clients. I must admit I am tempted by the guaranteed yield of 7 per cent.

Squeezed out by house prices in the capital? Then look at property in more affordable London commuter towns like Chelmsford, Bedford and Rochester...

Try one of these more affordable commuter towns if you're squeezed out in London

Those looking to join the exodus are finding that many traditional commuter towns have seen their own surge in prices as the ripple effect works its way outwards from central London. So where should people look to buy within commuting distance of London, but ruling out hotspots such as Oxford, Winchester and Banbury, where prices are sky-high?

Middle classes face drastic cuts in pensions tax raid: High-earning savers could lose £100 a month as George Osborne slashes £34bn from budget

Officials are considering drastic cuts to savers' pension tax breaks - which could affect five million higher-rate taxpayers - and could act in next month's Budget.

Rich and savvy savers are quick off the mark to use pension freedoms - but the vast majority are still sitting on their hands

The overwhelming majority of savers are either still pondering their options or doing nothing, new research from the Pensions and Lifetime Savings Association reveals.

In two decades it's gone from an also-ran to one of the Britain's favourite SUVs, RAY MASSEY checks out Kia's new Sportage

Can Kia's new Sportage deliver the goods for Britain's SUV-loving drivers?

Kia's Sportage has become a common sight on UK roads, as drivers have taken its SUV style to their hearts. UK Sportage sales in 1995 were a mere 680. But a record 23,010 were sold last year. A new version is now hitting the showrooms, Ray Massey puts it to the test.

How much? Owner of first diesel Land Rover puts tatty 4x4 up for sale for £200,000 - and it doesn't even come with the prized engine

You may find yourself asking why this shed of a 4x4 is demanding such big bucks, but, according to the owner, it's part of Land Rover's history as it's the first diesel model off the 1957 assembly line.

Glimmer of hope for 550,000 expats on frozen state pensions: Retirees penalised by 'lottery' rules resting on where they move

Glimmer of hope for 550,000 expats stuck on frozen state pensions

More than half of the one million pensioners living abroad don't receive annual increases in their state payouts. That means someone who retired when the basic rate was £67.50 a week in 2000 would still get that, rather than the £115.95 now received by everyone else. But whether an expat's pension is frozen or not depends entirely on where they move to, because the Government has struck individual deals with some countries but left around 150 others out in the cold.

Get paid more to switch banks: Halifax boosts incentive to £125 for new current account customers as battle heats up

A woman walks past a Halifax bank in Leicester, central England, September 17, 2008. British bank Lloyds is in advanced merger talks with UK mortgage lender HBOS, the BBC reported on Wednesday, citing sources. HBOS, the group created by the merger of Halifax and Bank of Scotland, is Britain's largest savings group. REUTERS/Darren Staples (BRITAIN)

New customers switching to Halifax will earn £125 from next Tuesday, as potential customers are offered more free money to sign up to current accounts.

Would you like a yield of 8%? The Insight Income Booster fund gives investors an impressive yield - but its sticking to troubled oil and gas

The fund uses call options to boost its income payouts but has suffered recently form its heavy weighting to blue-chip companies and significant exposure to the oil and gas sector.

Britain's best savers revealed: Londoners put away over £1,000 a month - four times as much as those in the North East

Britain's best savers revealed: Londoners put away over £1,000 a month - four times as

Savers in Wales take second spot in the savings rankings, with £671 per person being put away each month - though this is just over half of what savers in London put away. Regular savers in Wales and Yorkshire and Humber are outdoing those in the South East as a whole, the survey from challenger bank Charter Savings Bank revealed.

Interest rates stay at 0.5% as Bank of England cuts growth forecasts amid concerns over global outlook

SUPER THURSDAY

The Bank said the UK economy is set to grow by 2.2 per cent this year, down from a previous estimate of 2.5 per cent, while also cutting next year's outlook to 2.4 per cent from 2.7 per cent.

Britain's shoppers quids in as supermarket price war sees cost of groceries fall by record 2.8% in 2015

Fruit & vegetables section at Sainsburys Superstore in Camden Town, London, England.

It comes after Morrisons yesterday announced it was cutting the price of more than 1,000 products, ranging from fruit and vegetables to tinned tuna and toilet roll.

Owners rush to cash in on properties' rising values, but what's the best way to release equity and fund home improvements?

What's the best way to release equity and fund home improvements?

A rush of homeowners are cashing in some of their property's value to fund extensions and home improvements rather than move house, experts suggest. But while the sums taken out may be relatively small compared to the value of properties, working out the best way to do it is still vitally important. We take a look at the options available to borrowers.

First-time buyers cash in their Help to Buy Isa bonuses as first Nationwide mortgages are completed

The first few savers to use the government's Help to Buy Isa scheme via Nationwide have started completing on their mortgages, closing their accounts and receiving government bonuses.

I am separating from my husband of 40 years but not divorcing him - what do we do about our pensions?

I am separating from my husband - what do we do about our pensions?

I am aged 61 and my husband 63. After 40 years of marriage my husband and myself are going to separate. We have split all our money and the house 50/50. Can our pensions be left as they are - is this be the best way for us to benefit from the pensions upon death?

Could an average earner buy a home in your area? Interactive map reveals where workers can still afford to buy - and solo buyers are priced out of 95% of all regions

Could an average earner buy a home in your area? Interactive map from Savills reveals

Potential homebuyers looking to snap up a property solo while earning a median wage in are unlikely to be able to get onto the ladder, research from Savills shows. A median priced property is now no longer affordable for median-earning solo buyers in 95 per cent of local authorities across England and Wales, Savills says.

House prices jump £3,500 in a month to a new high as buyers chase record low stock of homes for sale

The average property price rose by 1.7 per cent last month to £212,430 and house prices have risen by more than £2,000 a month since last summer, the Halifax index showed.

Think you are safe online? We watch a 'live hack' showing the terrifying ease with which accounts are breached - and reveal the biggest password mistakes

Think you are safe online? 'Live hack' shows ease with which accounts are breached

This is Money watched 'ethical hacker' Mustafa Al-Bassam demonstrate just how much at risk internet users are - especially those reusing weak passwords for a number of websites. It comes as 98.8% of us use the top 10,000 passwords currently in use in the world - with 4.7% using the password: password.

Banks giving savers wrong advice or failing to inform them about new £1,000 tax-free savings allowance which starts in April

Wad of Cash 20 notes.

Most major savings providers are yet to inform customers about the perk, which starts in April, and the information they do provide on their websites is wrong.

Britain's biggest bank accused of running branches with 'skeleton staff' after announcing 1,700 job cuts

Lloyds delivered the grim message that around 1,000 of the 1,755 roles being axed would be frontline staff such as cashiers, managers and customer advisers.

'It's cold out there... it's cold out there every day': It's Groundhog Day for interest rates, but will they rise before we see a recession?

It's Groundhog Day for interest rates, but will they rise before we get a recession?

When the Bank of England keeps interest rates frozen again today, we will be just one month off the seventh anniversary of 0.5% Bank Rate. You'd be forgiven for feeling that it's all gone a bit Groundhog Day as the latest Super Thursday arrives with little hope they will rise.

Convenience stores set to cut staff numbers if larger shops are allowed to open for longer on Sundays, My Local boss warns

Convenience stores planning to reduce staff levels over Sunday trading says My Local boss

Plans to extend Sunday trading hours were revived by the Government on Tuesday through a proposed amendment to the Enterprise Bill. They had been put on hold in November after opposition from the SNP, Labour and about 20 Conservative MPs meant the proposal faced defeat in the House of Commons.

World's largest concrete maker Aggregate fights back after small business group claims it 'takes 93 days to pay its bills'

image001.png

In a bitter exchange, Aggregate Industries told the UK's leading small business lobby group: 'We do not take kindly to implicit threats from organisations such as your own.'

Uberima, a lender launching this week, claims it will 'fix and revolutionise' broken short-term loan industry

The company, which will invest at least half of its profits socially, was founded by chief executive Ged O'Neil, a former director of debt buyer Arrow, and entrepreneur Giles Harridge.

Inventors of world's first coffee-powered coffee bean roaster win £12,000 as Best Overall Business at FSB Worldpay Business Awards

The 918 Coffee Co invented the Eco Roaster, which uses coffee grounds as fuel for roasting the next batch of beans. It also won the Business Product Innovation of the Year award.

Would you go into business with your partner? Notonthehighstreet spots 38% rise in couples selling on its site

Julia and Ed Minton joined the site in May 2015. They run Musubi London, a small business selling colourful Japanese furoshiki - cloths that can be used for wrapping objects such as gifts.

TOWIE's Lauren Pope reveals her start-up secrets: 'Leaving the show is a massive step - but I have to do it for the sake of my business'

TOWIE's Lauren Pope reveals her start-up secrets after leaving the show

Reality TV star and model Lauren Pope has become a successful beauty entrepreneur with her range of hair extensions. She says it was hard to convince people she was more than just a pretty face and that the company was really hers. The hard work involved building up her business is the reason she's quitting Towie.

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

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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? Bank's lone wolf ends his hike calls, as outlook for a rise drifts to 2017

When will UK interest rates rise?

Interest rates are set to remain at their record lows well into 2017, commentators suggested after the Bank of England held rates by a vote of 9-0 and lowered its growth forecasts. The quarterly inflation report said that outlook for global growth had weakened further since the previous report in November and that the latest data suggest a softer picture for UK activity in 2015 than previously assumed.

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

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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 .

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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.

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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

February 2016
Prize value Winning bond No. Area
£1,000,000 98DC258404 Nottingham
£1,000,000 241QQ814726 Wales
£100,000 211GQ302543 Kent
£100,000 170MT779070 Hampshire and Isle of Wight
£100,000 162DS982532 Wales
£100,000 128MT882542 Southampton
£100,000 127AG354956 Ealing
£50,000 54XY208864 Manchester
£50,000 38QX658778 Greater Manchester
£50,000 261SV569145 North East Scotland
£50,000 251VY927696 Inner London
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Tourist rates

Currency Rate Buy now
Updated 09 Feb 2016.
Euro 1.2629 Buy Now
US Dollar 1.4137 Buy Now
Australian Dollar 1.9852 Buy Now
Canadian Dollar 1.959 Buy Now
Chinese Yuan 9.0907 Buy Now
Croatian Kuna 9.4985 Buy Now
Czech Koruna 33.682 Buy Now
Danish Krone 9.2901 Buy Now
Egyptian Pound 9.8169 Buy Now
Hong Kong Dollar 10.909 Buy Now
Hungarian Forint 384.5 Buy Now
Israeli New Shekel 5.3554 Buy Now
Japanese Yen 161.61 Buy Now
Malaysian Ringgit 6.2624 Buy Now
New Turkish Lire 4.0656 Buy Now
New Zealand Dollar 2.1238 Buy Now
Norwegian Krone 11.983 Buy Now
Polish Zloty 5.5255 Buy Now
Singapore Dollar 1.9669 Buy Now
South African Rand 22.643 Buy Now
Sterling 1.0 Buy Now
Swedish Krona 11.784 Buy Now
Swiss Franc 1.3822 Buy Now
Thai Baht 49.07 Buy Now
UAE Dirham 5.158 Buy Now

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