London stock market records best year since 2013 as FTSE 100 index surges

The FTSE 100 smashed its mid-session record and set a new all-time closing high by rising 22.57 points just before trading ended to close at 7,142.83. The late surge saw the UK's premier index break above both yesterday's closing record and the intra-day record level of 7129.83 that was set on October 11. It is the third record close in as many days.

As 2016 draws to an end, the This is Money team have been taking a look back at the moments that have stuck in their minds and the lessons they've learnt from the past 12 months.

Pensions Minister RICHARD HARRINGTON offers retirement saving tips

Next year why not make it your goal to sort out your pension? Even if you're a way off from retirement it's useful to know if your savings are on track. It's never too late to start saving and there are lots of simple things you can do to put yourself in the best position.

Based on Halifax property data, the average price in the Bedfordshire town was 19.4 per cent higher than in the previous year, increasing from £214,934 to £256,636 during 2016.

With SUVs dominating the market, the battle at the top is fierce. To keep the pressure on, we've chosen models with high spec to find out what Land Rover has to beat to gain SUV supremacy.

The note - which include a drawing of Austen (pictured) as well as a quote - was discovered inside a Christmas card, and begins a desperate search across the UK for the remaining two notes.

Most people say they don't use the credit card rewards available to them because they either don't think they're worth it or they forget. But it could be a useful way to make some extra money.

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FTSE LIVE:  London shares finish 2016 at an all time high, as FTSE 100 climbs 14% over

The FTSE 100 smashed its mid-session record and set a new all-time closing high by rising 22.57 points to 7,142.83. The late surge saw the UK's premier index break above the mid-session record of 7129.83 recorded on October 11 and record a fresh closing high for the third day running. It came as London emerged as the best performer out of the major European stock markets this year, finishing 2016 more than 14 per cent higher despite Britain's voted to leave the European Union on June 23.

Iconic hip hop group Run-DMC are suing retailers Walmart, Amazon and a handful of others for utilizing their brand without permission.

As most of the UK has been on holiday, shares in electronics and power systems giant Toshiba have gone into freefall in Tokyo. There are fears for its survival.

Japanese company Toshiba owns a 60 per cent stake in the planned £10bn NuGen nuclear power project in Moorside, Cumbria, which aims to supply power for about 6m homes from 2025.

Bottles of Chapel Down - which is based in Kent and supplied wine to the wedding of the Duke and Duchess of Cambridge - will be handed over to the winning crew, instead of Bollinger.

D&D; London, which owns the Bluebird and Michelin-starred Angler, took a £2.7m hit for professional fees and other costs after scrapping an IPO.

What are the risks of buying a leasehold property? 

I have found a three bedroom house in a newly redeveloped site but my solicitor has said I should be worried because it's a leasehold - is he right?From short leases and unexpected maintenance bills to spiralling ground rents, our expert considers the pitfalls of buying a leasehold and how to manage them.

Londoners plan to spend the most at £88 on average, the survey by Post Office Money found, while those in Southampton and Nottingham have the thriftiest intentions.

Buyers and sellers will have to work harder to get the best deals in an uncertain market in 2017. Here's our guide to finding the best bargains on the market in 2017.

Prices of essentials could soar by 8% next year, retail experts warn

Retail prices are set to soar by at least 5 per cent over the course of 2017 with essentials becoming more expensive, according to research by the KPMG/Ipsos Retail Think Tank. Meanwhile, families' spending power is continuing to slow after inflation hit a two-year high of 1.2 per cent last month, another study suggests.

Flats made up half of the homes built in 2008-09 compared with just a quarter now. At the same time, the average size of new homes has increased by almost 15 per cent.

The cost of filling up a family car has already risen around £8.20 since early this year after unleaded jumped from £1 a litre to more than 116p.

House prices may only rise 1% next year as fewer people will buy or move

Britain's biggest mortgage lender said annual house price growth will be between one and four per cent by the end of next year, compared to a peak of 10 per cent recorded in March this year. It says the relatively wide range for its estimation 'reflects the higher than normal degree of uncertainty regarding the prospects for the UK economy next year'.

Value of typical UK home has grown £9k this year, says Nationwide

In the UK as a whole, property values have risen 4.5% over the year meaning the typical home now sits at £205,898, Britain's biggest mutual has revealed in its monthly index. Meanwhile price growth in London ended the year below the UK average for the first time in eight years, with the capital seeing modest 3.7% gains.

I bought a house with a friend who now wants to move out. What are our options? 

We look at what your options are if you've bought a house with a friend but now one of you wants to move out. There may be a solution that means one of you can stay in the property.

Finance precipitated literacy and numeracy millennia ago in Mesopotamia. It has also acted as a 'time machine' through human history, says professor Will Goetzmann.

John Tutte, chief executive of the FTSE 250 firm Redrow said Government housing schemes and better land supply had laid the foundations for the number of properties built to rise in 2017.

Jaguar F-Type S vs Porsche 718 Cayman S vs Audi TT RS

If you're in the market for a two-door sportscar with plenty of poke - and your pockets are deep enough - you're spoiled for choice right now.The Jaguar F-Type (left), Porsche Cayman (middle) and Audi TT RS (right) all come with monumental motors, chicane-trimming cornering ability and spades of sex appeal. But which of these three star coupes is top dog?

Borrowers must be willing to repay their loan in under three years and have a Nectar card to get the top rate. If you want up to five years to clear the debt the rate is 2.9 per cent - or £179 a month.

Eammon Elrick (pictured), 28, is among hundreds of drivers who were landed with a £30 parking ticket after an app wrongly claimed they could park for free in Edinburgh.

What to watch in 2017: Brexit fallout, Trump and the bond market

The UK's negotiations to leave the EU will keep both financial players and politicians thoroughly absorbed in 2017, yet it is much too early to predict the impact of any deal. Donald Trump could cause global market ructions during his presidential term, which is likely to involve greater US belligerence on the world stage. Investing experts round up the likely big market drivers and offer some tips on what they expect to do best.

There are so many fund supermarkets to choose from it can be hard to pick the right one. The fees depend on how much you have and whether you are investing in funds or stocks and shares.

Vincent McEntegart, head of multi-asset at Kames Capital, argues that it's time to look beyond the UK to find sources of income - so long as you manage currency risk.

MARKET REPORT: Grocers bounce back against the discounters after brisk Christmas trading

City traders are expecting Tesco, Morrisons, Sainsbury's and Asda to fight back against the discounters when they report in the new year. Clive Black, of Shore Capital, said: 'Tesco and Morrisons are set to lead the way with possibly positive like-for-like sales, while Sainsbury's will have Argos in tow, and Asda may just be showing signs of turning a corner after a tough 30 months.'

The move would prevent RBS from repeating the chain of events that triggered its crash during the financial crisis, according to ShareSoc and the UK Shareholders' Association.

Of the seven female bosses of FTSE 100 firms, only EasyJet's redoubtable chief Carolyn McCall, 55, has a damehood. The remaining half dozen don't even merit a lowly MBE between them.

A probe into mining group ENRC is set to heat up as the role of Israeli billionaire Dan Gertler - said to be an inspiration for the movie Blood Diamond starring Leonardo di Caprio - comes under the microscope.

Carolan Dobson, chairman of the Schroder UK Growth fund, said now was the time for 'good fundamental stock picking' and that inflation will determine the direction of the stock market.

Stacey Cartwright, the former Burberry finance boss who took the top post at Harvey Nichols in 2014, closed the retailer's entire menswear department for ten months.

The group is preparing plans to ensure it keeps access to the European payment system and maintain its German and Dutch retail clients.

Where to turn if your savings income is low: Double whammy of falling returns and a rising

Concerns among the over-55s about falling returns is at its highest level for nearly three years, the Real Retirement Report from Aviva reveals. Their monthly interest could drop to new lows as fixed-rate accounts, taken out when rates were higher, come to an end.

Every year I seem to make the mistake of coming up with too many New Year's resolutions. Months later barely half of what I'd written is under way. The rest is long forgotten.

In the first 11 months of 2016, personal deposits grew by £32.4billion collectively, compared with a £19.8billion increase in the same period of 2015.

Are your old toys worth a fortune? Some family favourites have grown in value by 30% a

Do you still have Christmas toys from years ago - a Hornby train set, Barbie doll or Star Wars figurine, perhaps? If so, you could be sitting on a fortune. A rare Boba Fett bounty hunter figurine from second Star Wars film The Empire Strikes Back sold for £18,000 at auction two years ago, having cost just £1.50 when it hit the shelves in 1980.

It happens every year. There is always one present (and sometimes more!) that needs to go back. It might be a pair of shoes that don't fit or a book you'd never read.

What will happen to house prices in 2017? Experts make their predictions

Property will once again be a hot topic in 2017 - whether it be a lack of homes being built, prices chugging along despite Brexit fears or landlords being increasingly targeted. As 2016 draws to a close, annual house price inflation has slowed, but is still growing while certain areas in the commuter belt of London are now seeing the biggest surge.

The cheapest Model S 60 will be almost £3,000 more expensive from next year. The most expensive model in the Tesla range - the Model X P100D will jump by more than £6,000 from 1 January 2017.

Experts say owners are increasingly treating pets like substitute children, allowing them to gorge on treats. Some animals even join families at the table to be fed human food with a fork.

ASK TONY: Samsung returned my broken TV in the same condition, then took 12 months to

I bought a Samsung TV for my son last Christmas. In January, there was no picture, so Samsung arranged for it to be fixed. We later had a call from the repair centre to say it had been damaged. When the TV was returned to us there were flashes of light across the screen and we suspected it had been dropped.

Newcastle Building Society pays 0.9 per cent fixed for five months, while Leeds has a 15-month bond at 1.3 per cent. The Newcastle deal is fixed until May 30 next year.

In March households could get a one-year fixed energy deal for £749 a year with Avro Energy. Today the cheapest tariff cost £870 with So Energy.

Can I exchange an unwanted Christmas jumper? And what about my child's broken toy? Your

Black Friday, Cyber Monday and Panic Saturday have been and gone but what happens if the present you bought turns out not to work or you simply change your mind? Here we explain you rights for returning unwanted or faulty Christmas presents after the 25th.

Vouchers for shops, spas and days out are popular presents, with around £5.6 billion spent on them this year alone. However, around £5.40 of every £100 put on to gift cards is never spent.

Three of the best used hot hatches for £5,000

New small hot hatches are not cheap: an Audi S1 is a staggering £25,600! But there are plenty of small hatches with sparkling performance figures that you can buy for a fraction of the price. Here are three of them. From left to right: Mitsubishi Colt Ralliart, Renault Sport Twingo, Fiat 500 Abarth.

The banking giant told Money Mail that last year it discovered an error that meant for seven years customers who were struggling to repay loans had been charged the wrong amount of interest.

How to secure your new gadget against cyber criminals

Britons who have woken up to a new gadget in their stocking should make them secure before connecting to the internet, Get Safe Online is warning today. This Christmas, many will have received new phones, smart watches, games consoles and other connected gadgets which users need to protect themselves in order to no fall victim to the rising tide of cyber crime.

Citizens Advice said it has helped thousands of people with catalogue or mail order debt problems, where they've agreed to stagger payments over a set period of time.

Online shops and delivery firms said they have been shipping an increasing number of parcels overseas since the value of sterling fell against the euro following the referendum result.

Supercar 'mini-bond' launched for sophisticated investors with a passion for luxury cars

The bond aims to raise supercar dealer Prindiville around £12million and is secured against Prindiville plc's stock of cars, with models including the Ferrari, Lamborghini and Porsche. Alex Prindiville launched the bond after a wealthy client expressed an interest in investing in his company and suggested he create a suitable structure safe enough to allow him to do so.

The end of the year is a perfect time for savers to review their investments, revel in their successes, lament over their losses - and make some important changes.

The Hollywood star has annoyed industry leaders by promoting lab-produced gems. He has invested in Diamond Foundry, which says it can produce gems faster than it takes to mine them.

The most expensive streets in Britain revealed by Lloyds Bank

Eaton Square, pictured, in London's exclusive area of Belgravia has been unveiled as the most expensive street in England and Wales, with an average price of £16,944,000. The square has been home to famous faces such as prime minister Margaret Thatcher, top right, and James Bond actors Sean Connery, bottom right. Outside of London, the most expensive streets include Panorama Road, in the Sandbanks area of Poole, with an average price of £4,618,000 and Crick Road, in Central North Oxford, at £4,049,000.

Do we need to hire a solicitor in order to get back the £10,000 we gave to my brother-in-law as a loan? We need the money for a new kitchen but he's not replying to us.

Sir Philip Green has so far failed to honour a commitment made more than six months ago to rescue the BHS scheme, which has a £571million deficit and around 20,000 members.

What's the best used executive car? Jaguar vs BMW, Audi and Mercedes

Depreciation can be crippling when it comes to owning a new executive car. But one man's loss is another man's gain - and that's certainly the case if you decide you want to buy a second-hand model. But with £17,000 in your back pocket, which of these four models should you choose? From left to right: Mercedes-Benz E-Class, Audi A6, Jaguar XF, BMW 5 Series

You might wish you'd splashed out on Renault's stylish new Scenic to get the whole family - and all those presents - to their Christmas destination in one piece.

State Bank of India has confirmed ambitious plans to become a go-to buy-to-let mortgage lender for UK landlords who own their properties in a limited company.

Robo-advice failing simplicity test, independent panel finds

Consumer testing by website Boring Money, whose independent investigation was commissioned by the Financial Services Consumer Panel, found just one out of fifteen consumer testers could work out the total cost of investing through the platforms on test. Among new services that claim to make investing simpler, consumer testing highlighted failures around charging and unclear distinctions between guidance and advice.

It was the last day of trading before Christmas and exactly six months since investors waited with bated breath for the outcome of the EU referendum.

Experts say investors in Royal Dutch Shell and BP could see an income uplift to the tune of £500m thanks to the pound's slump against the dollar.

Why don't we move home as much as we used to?

Along with the slew of house price reports we get hit with each month there is a more important but less remarked upon statistic that arrives - the number of transactions. These are a measure of the real health of the property market and they show the patient is ailing. Considerably fewer people move home now than once did.

Rightmove was one of the first companies to tap into the move in advertising away from shop windows and local newspapers to online.

More than four in five, or 84 per cent, of homes sold under the listed price in November - the highest number since NAEA starting recording the data in 2013.

Atlas Choice car hire customers could be hundreds out of pocket

Dozens of angry customers who used Atlas Choice to book a car rental have been double-charged after the firm failed to pay the suppliers. A number of customers - some who booked the car hire back in January via Atlas Choice - have since been charged again for the hire.

In total, UK car factories have completed 1,613,495 motors with one month to spare in 2016 - that's nearly 56,000 more vehicles than the full year results for 2015.

UK holidaymakers planning a winter sun break in the New Year should head to Cyprus for the lowest prices, according to a new study. It's almost 19% cheaper than the Canary Islands.

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.

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.

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

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.

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.

Handy Brexit table explains the options for the UK's exit from the EU

Despite endless media coverage of the political wrangling and financial speculation, the average Briton can be forgiven for remaining confused about what 'soft' and 'hard' Brexit really mean. About the difference between the 'Norway model' for the UK's post-Brexit relationship with the UK and the 'Swiss solution'. But a clever table put together by HSBC in a report called 'Is Brexit Getting Harder?' cleaves some clarity from the murk.

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.

Pensions Road Sign against threatening clouds

We tend to put ambitious targets on our hoped-for income in retirement and then underestimate how much we will need to set aside to achieve that. So how much should you save?

When will UK interest rates rise?

An interest rate cut before the end of the year looks less likely following the plunge in the pound. However, the Bank of England has indicated that higher inflation driven by rising import costs won't make it lift rates.

What next for mortgage rates?

Several months after the Bank of England slashed the base rate to 0.25 per cent and lenders are still cutting mortgage rates on almost a weekly basis - but how low can they really go? The experts say not a lot lower and it's likely that if you get a mortgage at the moment, it's going to be a pretty cracking deal. 

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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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

December 2016
Prize value Winning bond No. Area
£1,000,000 277WB531615 Gloucestershire
£1,000,000 176XC192939 Essex
£100,000 272JJ577470 Stockport
£100,000 214QG669334 Greater Manchester
£100,000 168SD912436 Devon
£50,000 279ZB182370 Dorset
£50,000 267PF062139 Cheshire West and Chester
£50,000 255SE616149 Surrey
£50,000 140ZE329530 Oxfordshire
£50,000 102DP039413 Hereford and Worcester
£25,000 96SX101249 London
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