Millions in Providence bond offering 8.25% in danger as firm enters administration

Two mini-bonds launched by a firm called Providence Financial have hit the skids leaving nearly 1k investors facing a nervous wait on whether they will receive any of their money back. We warned that the bonds, one launched at the end of 2014 with quarterly interest of 8.25% and another last year promising 7.5%, were a potentially risky investment at the time of launch.

Nationwide, Virgin Money, Yorkshire Building Society and Clydesdale are the latest in a flood of lenders slashing mortgage rates - but how low can rates realistically go?

The rare 8,000-mile Datsun 260Z 'barn-find' in fantastic condition

In many cases the term 'barn find' describes a model of significant worth, hidden away and neglected for years, potentially subjected to the elements and sometimes occupied by a family of wild animals during years without use. However, after 21 years in storage, this 1978 Datsun 260Z looks to be in incredible condition and it's tipped to fetch £22,000 at auction.

Stereotypically, the idea of being a company owner is conjured up with images of a high-powered lifestyle, yet the reality is often very different, according to a new report.

They may be financial titans but that hasn't stopped the big banks closing branches up and down Britain. We look at what's happening and whether we still need branches.

While consumers are spending more, confidence in the economy remains subdued, with only 38 per cent confident about the nation's finances.

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FTSE LIVE: Footsie lower; Wall Street restart awaited for fresh direction

Around mid session, the FTSE 100 index was down 17.4 points, or 0.2 per cent at 6,862.0, just holding off the day's low of 6,855.19, having only reached a peak of 6,887.92. US stock index futures were moderately higher, putting New York on track to add slightly to last Friday's gain made after below-forecast US jobs data eased Federal Reserve rate hike expectations, as traders return from the three-day Memorial Day holiday weekend.

The slump was the weakest performance since September 2014 as shoppers chose to enjoy the sunshine rather than stocking up on products for the Autumn, according to the BRC/KPMG survey.

The retailer also said that its warehouse staff in Derbyshire will be paid above National Minimum Wage following a review into its working practices which found 'serious shortcomings'.

Last month alone, Luton-based easyJet carried 7,513,592 passengers, up 6.4 per cent on the 7,064,931 carried in August 2015.

The housebuilder said Government policy was holding back property developments in the capital, which it said would see London 'fall well short of its targets for new homes.'

F1 will hold 21 Grand Prix this year. It attracts a global audience and support from the super-rich. But its success over the past 66 years masks concerns about the future of the sport.

I lent £6,000 to my friend six years ago: How do I go about getting my money back?

A friend of mine borrowed £6,000 from me six years ago and they've never paid it back. Since then she has changed her address frequently and has been very hard to contact. We have located her at her current address but would like advice on how to go about asking her for the final sum to be repaid.

Charged £261 extra for a hire car upgrade we thought was free

A reader arrived in the US after a nine hour flight only to be told the Ford Focus he and his family had booked was not available. Avis offered an upgrade instead. Only Mr Turnbull thought it would be free.

Lloyds of London chairman John Nelson has told Prime Minister Theresa May and her ministers to stop dawdling and provide clarity on exactly what Brexit means.

Latest PMI survey reading has calmed fears that the UK was heading towards recession and also sent the pound soaring.

TONY HETHERINGTON: Why was I fined £80 for not paying car tax of £0.00?

Earlier this year I received a vehicle tax demand for £0.00 for my super-green little car. I have now been forced to stump up an £80 fine or face court action for failing to pay this tax. While suffering clinical depression, I had binned the initial demand for no money. I did receive a further letter, offering me a 'last chance' to tax my car, but I remained baffled. How do you pay tax of nil? Would the bank take the cheque seriously? When I received the penalty demand I appealed and at the request of the Driver & Vehicle Licensing Agency supplied detailed evidence of my medical condition. The agency clearly decided I was not depressed enough and said that if I did not pay the penalty, it would take me to court.

Fancy an autumn break? Here's what to do and where to go to save money

Flight comparison websites such as momondo, Skyscanner and Kayak allow you to trawl the market in search of the best deals. If you can plan ahead - and preferably be flexible about times and destinations - then you are likely to find the lowest fares. Flights during the half-term holiday period at the end of October get snapped up early so now is the time to book.

Our reporter joins the army of undercover retail reviewers and earns... £1.57 an hour

It's seen as the latest way to make quick money - get signed up as a secret shopper, go undercover and test the quality of customer service and goods provided by major high street stores.  Yet the new employment opportunity that is 'mystery shopping' is not as lucrative as it might appear.  Here, The Mail on Sunday sends in its own agent to discover whether there is any money in shop snooping - or if the industry is nothing more than an undercover scam.

The economy is growing – but at a slower rate than in 2015 

British business growth rebounded in the three months to August shaking off some of the European Union referendum blues, but expansion is still far below the rate seen last year. The latest survey from the CBI will fuel the simmering row over how well the economy is bearing up after the Brexit vote amid a flurry of conflicting data. The CBI's growth indicator stood at +8 per cent, slightly up from the +5 per cent figure recorded in July.

Supermarkets are preparing for a sudden escalation in the food price war that has already decimated profits across the sector in a desperate attempt to attract shoppers.

Washington and Brussels could face a showdown in the European Court over Apple's multi-billion pound tax row with the European Commission, legal experts say.

Rate cuts are not only decimating most savings accounts but they are savaging pension annuity rates, widening company pension scheme deficits and threaten dividends.

Remember the big row over Ireland, the EU and billions of pounds in taxpayers' money? No, not the recent Apple tax battle, I mean the bailout of the Irish economy in 2010.

'An adviser spotted I hadn't claimed and a few weeks later I received more than £14,000':

Protecting the family's finances against the consequences of serious illness - or even death - is challenging in a difficult economic climate. But there are ways to prioritise cover and keep a lid on premiums. Working nine to five is enough to drive you crazy if you let it, as the song goes. But if you have to give up your job as a result of a serious accident or ill health - or worse, die prematurely - the resulting loss of income can quickly generate greater grief for a family as any savings drain away. Financial support from the State is limited - and only some employers will lend a helping hand. Building a personal financial safety net can reduce money worries.

The return of reward credit cards? Spend £5,000 and earn £60 of gift vouchers 

Credit cards that give users either cashback or rewards for spending are not as generous as they once were, but card issuer MBNA is bucking the trend. Tomorrow, it will confirm it has joined forces with FTSE 100 giant Intu Properties to launch a new card that gives shoppers the opportunity to earn up to £60 of gift vouchers in the first year. The amount of vouchers, which cardholders will be able to use at Intu owned shopping centres, will depend on how much they spend on the card.

Outrage as new mums wait THREE MONTHS for maternity pay

The hold-ups in payments of maternity allowance, in some instances three months, have angered mothers and charities representing them. Ros Bragg, head of charity Maternity Action, calls the delays 'unacceptable', saying: 'The last thing women need when bonding with a baby is extra financial worry, especially against a backdrop of a substantial drop in maternity benefits.'

MIDAS SHARE TIPS: Ad veteran aims for £100m revenues at digital start-up Be Heard

Peter Scott has form. Now 69, he has been in the advertising industry for almost 40 years, during which time he has built up a string of small businesses into huge, international enterprises. In 1979, he co-founded WCRS, one of the fastest-growing agencies of the 1980s. Ten years later, he took part of that business and developed it into Aegis, ultimately sold for £3.2 billion to a Japanese company. And in 2004 he created marketing business Engine Group, which was sold for £100 million a decade later. Now he is hoping to repeat past success at Be Heard Group, an agency focused exclusively on the digital world. Its services range from designing websites to helping firms steer through the complex world of online advertising. 

Low-cost gym chain Gym Group floated last November at 195p, Midas tipped the shares the same month at 202½p and last week the stock closed at 220p.

Midas recommended the Hill & Smith shares exactly two years ago, when they were 549p. Since then, they have more than doubled to 1185p.

This week, Midas thinks investors should clean up with Be Heard and sees how secure its previous recommendation on Gym Group and Hill & Smith looks.

Charles Plowden, is 'a bit disappointed' with how things have panned out - despite the trust recently reaching new share price highs and knocking spots off most rivals along the way.

The best discounts on a new car

Motor dealers absolutely adore this time of year as people flock through the door to put a deposit on a car adorned with the latest number. But that doesn't mean the salesman has to be in the position of strength when it comes to negotiating the price you pay. We've teamed up with car buying site CarWow to tell you which models have the biggest savings.

The report suggested that while they were small rises, they cancelled out the fall in the average price of both fuels that took place in July.

Lord of the manor without the financial responsibility: The irresistible appeals of living

Developers cottoned on to this idea decades ago, offering a chance to live in an historic site, but without having to take financial responsibility for the entire estate. Certainly that's what appeals to Peter Webber, a buyer at Clevedon Hall Estate in Somerset. He bought a two-bedroom house in the grounds of the listed mansion, which was once owned by the sugar refinery magnet, Conrad William Finzel, and he has no regrets.

Lloyds Bank also found that, on average, 74 per cent of homeowners not living in the house that they will stay in for the rest of their life reckon that it will take up to two more houses to get there.

Britain's biggest builder of homes for retired people, warned it will struggle to hit its growth targets this year after seeing 'some weakness' in the housing market since the end of June.

MARKET REPORT: City hopes of sales boom at middle-class favourite clothing firm Joules

The company, which listed on the Alternative Investment Market in May, has pencilled in revenue expectations of £131million for the year and forecast a 12 per cent jump in UK sales. Established in 1989 by Tom Joule, the brand started out by selling typically British all-weather clothes with a contemporary twist at horse shows and country fairs.

There may be no love lost between British teams and Australia on the sports field but Theresa May has rediscovered who our real business friends are at the G20 summit.

Sainsbury's said the move, which follows the grocery giant's £1.4bn takeover of Argos and Habitat owner Home Retail Group, will give customers access to more than 90,000 products under one roof.

The bank is locked in a legal battle with Prince Andrew's former lover, the City financier Amanda Staveley, over a £7.3bn fundraising effort at the height of the financial crisis.

Michael Woodford uncovered a multi-billion-pound scandal with links to organised crime at camera firm Olympus Group when he became the company's first foreign chief executive.

Shoreditch newcomer LoopUp grows in popularity

A sketch by YouTube comedians Trip & Tyler that has attracted 14million hits illustrates the chaos of the average conference call. Played out in 'real life', with the participants sitting around a boardroom table, the four-minute video incorporates the incessant buzzing, beeps and awkward pauses that make these virtual meetings so aggravating. It is estimated that 13 minutes - or around a third of these sessions - are wasted trying to patch people or repeating information for the late-comers.

Activist investor Toscafund, led by Martin 'the Rottweiler' Hughes has been embroiled in a war of words with Speedy Hire over its leadership.

The bank is buying the portfolio from Swedish pension company Alecta. It had also been on course to acquire Alecta's 22 US properties but the deal is said to have fallen apart.

Crude - which fell from $115 a barrel in mid-2014 to less than $28 early this year - gained almost 5 per cent before settling around 2 per cent higher at $47.50.

The Japanese telecom group's founder and chief executive Masayoshi Son has been appointed chairman and executive director of the UK tech firm.

The retailer, which is listed in London and designs its clothes in the city too, targets a new class of affluent South Asian fashionistas with its range of celebrity inspired Western styles.

Writing on the Conservative Home website, Mitchell calls for a strategic partnership between the UK and Lagos. Doubtless others do too.

Natalie Crayton was a stay-at-home mum in the Outer Hebrides and now she's landed a

'Living on a small island there's not many job opportunities, you've got to create your own,' says the founder of Hebridean Sea Salt. Natalie Crayton, 34, set up the firm on the Isle of Lewis in 2011. Now Crayton, who has four employees, has won a £180,000 deal with Sainsbury's that will see it launch into 360 stores. It is the firm's first UK-wide deal.

The UK's persistent gender pay gap is a source of shame for us all says Adam Marshall, acting director-general of the British Chamber of Commerce in this guest comment article.

Britain's smallest firms lack the time, money and skills to move their business online, leaving nearly half without any digital presence.

What Car?'s new true MPG test finds current fuel economy claims exaggerate by 30%

The most fuel-efficient car tested is the Vauxhall Astra 1.6 CDTi 110 Ecoflex, which returned 56.3mpg. Even this, though, is a long way short of the 83.1mpg the official figures say you'll get.

There are fewer things in this world more British than the Spitfire and Aston Martin. And now you can have the two combined with this £180,000 model built to commemorate the iconic fighter plane.

Thousands of buyers considering investing in one of the UK''s shared ownership scheme are among the 500,000 savers who have opened one of the government's flagship Help to Buy Isa.

Average easy access account now pays less than 0.5% after 354 rate cuts in August

Moneyfacts said the average easy access rate on offer is now just 0.49 per cent, down from 0.54 per cent on August 1. Fixed deals have tumbled too since the Bank's unprecedented action. Even if you are willing to tie up your money for two years, major High Street banks are paying below 1 per cent.

Co-op Energy customers with a prepayment meter will be hit with a six per cent increase from October 1st, pushing annual bills up £69 to an average of £1,184.

Men have an average of around  £487 spare cash at the end of the month, compared to £369 for women, data by VoucherCodes.co.uk reveals.

Virgin Media gave me a cheap one-year deal now it's upping my bills by £3.49 a month

In March, I was set to leave Virgin Media - but it enticed me in with a cheaper annual deal. However, it has now written to me to say prices are going up £3.49 a month. Is this fair? I have spoken to its customer service team but was told everyone must pay this new amount. It seems wrong to me.

I have made recent purchases in Dorothy Perkins and Topshop - but have been told I can no longer keep the clothes hangers. Is this a new policy and if so, why?

If you don't shop around, you're often charged a mugs' premium, because the company will put you on an expensive tariff knowing you're probably not going to notice or do anything about it.

Two in five 18-24 year olds are already in debt owing nearly £3k on average

Fifty-one per cent of adults under 25 say they regularly worry about money, and 21 per cent lost sleep as a result, the National Debtline survey found. However the soaring debt levels cannot merely be attributed to excessive spending. On the contrary more than two thirds of 18 - 24 year olds have set a budget that they try to stick to, and 71 per cent check their balance through online banking at least once a week.

Spencer Bloomfield, founder of ready meal start-up YOLO, left school without GCSEs. Here he reveals his top tips to bag your dream job - even if you didn't get the results you wanted.

When is the best time to sell a car?

A former car dealer tells us why the plate change, Budget statements and the World Cup can severely reduce the amount of money you get for a car you have for sale. The type of vehicle you're advertising is also impacted by the time of year - find out when's best to sell a 4x4 or convertible.

Taking into account overall performance, network reliability, speed, data provision, calls and texts, EE came out on top above Three, Vodafone and O2, RootMetrics said.

Trackers added to the list of recommended funds include Legal & General UK Index, which is priced at 0.06 per cent a year and can't be got cheaper anywhere else, according to Hargreaves.

Retirement home sales rocked by project fear as pensioners abandon plans to move in wake

Britain's biggest builder of homes for retired people, warned it will struggle to hit its growth targets this year after seeing 'some weakness' in the housing market since the end of June. It said reservations of its homes in the last two months were lower than earlier in the year, while cancellations have been higher. Chief executive Clive Fenton warned that 'prolonged housing market weakness' could derail its plans to build and sell 15pc more homes in the next 12 months.

The Toronto-listed bidder, its subsidiary and president between them own 29.6 per cent of the AIM-listed group, which is currently valued at £45million.

You know that Margrethe Vestager, the EU's competition commissioner, is doing a good job when her ruling on £11billion of Apple tax avoidance reverberates around the world.

EUROGEDDON: As a Nobel winner warns the euro is doomed, why the political elite's refusal

Nobel Prize-winning economist Joseph Stiglitz issued a bleak presdiction that 'Europe, the source of the Enlightenment, the birthplace of modern science, is in crisis'. The euro, he argues, was a mistake from the beginning, and the 'social and political consequences' of the European elite's folly 'have been disastrous'.

Next, Marks and Spencer and Sports Direct are among the biggest stock market losers of the past year as they struggle to tempt customers to splash out amid fierce competition.

After the shock departure of boss Manny Roman for rival mutual fund manager Pimco, Mark Jones has moved to be group chief financial officer from his current position.

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.

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.

In this low-income world it can be hard to find mainstream investments paying a significant yield. Stifel has compiled a list of 19 investment trusts with a yield of more than 4 per cent.

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.

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.

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

Will the UK be Norway, Switzerland or Canada? Brexit trade deals we could follow

Now that we've voted ourselves out of the EU, it's time to work out how we're going to trade in future with all its 27 member countries - and the other 27 countries it has deals with. So how do other non-EU members trade with the bloc and would any of their models suit us?

It would have been nice to have a plan. Instead, after the Brexit vote we were left scratching our heads. But now it's time for some answers on trade and what we mean to the EU.

Even after Brexit it could still be possible for us to access the single market and the benefits that come with being part of it, but today we were warned there's a price to pay.

When will UK interest rates rise?

Asked on Radio 4's Today programme if there was a real prospect of a further cut in rates before the end of the year, the Bank's Ben Broadbent said, 'that's true'. Bank rate was cut yesterday to 0.25 per cent from its already record low level of 0.5 per cent, where it had remained for more than seven years.

What next for mortgage rates?

Markets went into turmoil following the momentous decision by the British people to leave the European Union on 24 June 2016. But what does all of this mean for mortgage rates?

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

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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

September 2016
Prize value Winning bond No. Area
£1,000,000 79KW011670 Lancashire
£1,000,000 199BJ584357 Suffolk
£100,000 80WK626093 Wiltshire
£100,000 70YY171805 Reading
£100,000 214EL163615 East Sussex
£50,000 261YR399408 Shropshire
£50,000 239BJ874043 Hampshire and Isle of Wight
£50,000 212GN036345 Southampton
£50,000 137JJ131331 Inner London
£25,000 88MZ556624 Preston
£25,000 265MG649936 West Sussex
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