The BN3 postcode area of Hove is the most sought-after location for young professionals buying a home in England and Wales for the third year in a row, a report from Lloyds Bank shows. It said that with neighbouring Brighton also making the top 20 hotspot list, the East Sussex coast continues to be a strong attraction for aspirational young people.
The boss of BT could be forced to hand back some of his pay as part of the fallout from its £531m Italian accounting scandal. Gavin Patterson, 49, earned £5.4m last year, including performance bonuses, but is likely to have to give some back after he admitted the problems in Italy were ‘far greater’ than previously identified. Markets were stunned in January by BT’s admission that ‘inappropriate behaviour’ had caused it to exaggerate its profits in Italy for a number of years.
'Kindness is good for business': Shoe boss John Timpson tells how staff share in firm's success - and business is booming in China
For someone who warns of a ‘perfect storm’ in retailing, John Timpson seems remarkably unfazed: perhaps because his Timpson Group, now opening in China after generations on British high streets, has just posted record profits and paid him a handsome dividend. The group, founded by his great-grandfather in 1865 and which is 100 per cent family-owned, has just revealed profits of £20 million on sales of £205 million – both records for the company – and a £12.1 million dividend. However, last year’s 33 per cent jump in pre-tax profits is unlikely to be repeated this year, he warns. ‘I will be surprised if we are able to increase profits during the coming year,’ he says.
Car crazy: Jaguar E-Type model that costs £888 - and takes TWO years to make via those expensive magazines
Many motorists dream of owning an iconic E-Type Jaguar. But the closest most will ever get is to buy a model kit of the car. This is the message behind a new TV advert that is encouraging viewers to 'celebrate the heritage of this legendary sports car', which can command a price of £100,000. However, it will take two years to build - and cost a huge £888.
Coventry BS boss gets 50% pay rise: How you can fight back against the wealthy bosses' club that dishes out YOUR savings
Most building society customers have endured a torrid time in recent years as the interest on their savings has been cut – and cut again. Typically, savers outnumber borrowers nine to one. Yet the pain felt by these savers – many of them elderly, loyal to the core and dependent upon savings income to meet regular household bills – is not being shared by those who run such mutually owned financial institutions. Exclusive research shows that many building society chief executives enjoyed inflation-busting increases to their overall remuneration last year.
The Government is being urged to introduce a time limit on price caps for energy bills, proposals for which are likely to be announced within a fortnight. A plan from Tory MP John Penrose for a 'relative price cap', where a default tariff is set that is never more than a certain percentage above a supplier's cheapest deal, is regarded by industry and Government sources alike as the likely model for price caps. In a submission to a Government consultation on the issue, seen by The Mail on Sunday, Penrose suggests the introduction of a relative price cap should be accompanied by a 'sunset clause' aimed at preventing the cap being permanent.
Comedian Tom Stade prefers to 'party his face off' than save into a pension - and earned silly money as a stand-in for Jack Whitehall
Comedian Tom Stade prefers to ‘party his face off’ than save for his retirement. Stade, who can make more than £10,000 in 40 minutes doing stand-up comedy, has no money saved for his old age and no plans to start saving. The Canadian star, who says he prefers to invest in fun, once lost so much money gambling on horses that his wife took away all of his credit cards.
From student homebrew hobby to 50,000 pints a month... two graduates now sell their beers to 130 bars
Two Manchester University graduates who began brewing beer in a bucket are now selling 50,000 pints per month. Paul Delamere and George Grant met on their first day at university in 2009 and sold their beer, which cost them 60p a pint to make, at house parties for £2 a pint. Now their firm, ShinDigger Brewing Co, sells to 130 bars in Manchester and to more than 60 stockists in England and Scotland. Delamere, 27, studied management and then completed a masters in enterprise in 2013. He said turning the hobby into a business was 'a daunting challenge', but that the course helped him. He said: 'When we started home brewing, it was just a bit of fun for cheap beer, really. But we put time into the recipes, bringing styles from around the world into our kitchen in Manchester.
The FTSE 100 has surged to fresh record highs in 2017, but can that run continue through the rest of the year? The top ten Footsie risers shows a selection of banks, housebuilders and airlines leading the pack, as they bounced back from their immediate Brexit vote pain. We look at whether those shares can keep rising - or whether investors would be wise to look overseas for the rest of the year and the coming years ahead.
The cheapest countries to buy a holiday home revealed: Bulgaria, Turkey and Greece top value spots for bargain-hunting Britons
The best value places for Britons to buy a holiday home overseas have been revealed in a new list, with Bulgaria, Turkey and Greece topping the rankings. The prospect of a £91,000 Bulgarian bolthole tops a list that feels like a throwback to the days when daytime TV was awash with programmes featuring far-flung holiday homes.
Ask a silly question, help a fraudster! Haphazard bank security quizzes play into con artists' hands, says SIMON LAMBERT
You call your bank and the person in the call centre utters the dreaded words: 'I just need to ask a few questions to take you through security'. What follows is either smooth or bizarre. At times you may breeze through, at others you get a hit-or-miss quiz on memorable places, names, pets and arcane account transactions. And all of this is playing into con artists' hands.
Santander fobs off fraud victims in just 24 hours: We expose loopholes that may explain why so many of the bank's customers are being hit
Mother-to-be Claire Pearson, 38, from Surrey, main picture, was seven months pregnant when she lost almost all of the £71,700 inheritance she'd received from her late father. Daniel Hughes, 19, bottom right and Terry Allen, 75, top right have lost almost £5,000 between them and they are all among fraud victims being fobbed off by Santander. All were ripped off by fraudsters pretending to be from the bank's anti-fraud team. Customers who have lost thousands of pounds in sophisticated scams are being sent carbon-copy letters by the bank rejecting their requests for a refund, Money Mail and This is Money can reveal.
I got a brand new 12-sided £1 coin in my change but it's dated 2016: Is it really worth hundreds of pounds?
Earlier in the week, I received a new £1 coin in my change. Upon closer inspection, the date on the coin is 2016. I thought the coin only came out recently, so would have a 2017 date? A friend has told me that 2016 dated coins are in fact 'rare' and can fetch hundreds of pounds online. Have I been lucky and found a valuable coin in my change?
Mini makeover: Remastered original-style Minis with modern features including touchscreens and keyless ignition to sell for over £75,000
Not impressed by the new-era Mini range that's emerged under BMW ownership since the turn of the century? This selection of modernised originals might be right up your street. Each will have sat-nav, air-con, new suspension, powerful brakes and a tuned version of the original 1,275cc engine. But it doesn't come cheap.
THIS IS MONEY'S FIVE OF THE BEST CURRENT ACCOUNTS
TSB's Classic Plus account will pay you 3% interest on up to £1,500 and up to £10-a-month if you maintain two direct debits and make 20 debit card payments each month (until June 2018). You must pay in £500 a month.
First Direct regularly tops polls for customer service. Its First Account offers £125 for joining and has a £250 interest-free overdraft beyond that an authorised overdraft costs 15.9% EAR. You must pay in £1,000 per month.
Santander's 123 account pays 1.5% interest on balances up to £20,000 and also gives 1 to 3% cashback on bills. You need to pay a £5 a month fee, pay in £500 a month and have two active direct debits.
Nationwide's FlexDirect pays 5% interest on up to £2,500 and has a fee-free overdraft. Watch out these are both for the first year only and you must pay in £1,000 a month.
M&S; Bank's current account has a £50 gift card for joining, plus you get an extra £5 a month top up for the two years. It has no qualifying criteria.
50 ways to save money: Simple steps to cut what you spend that could clear your debts or seriously boost your savings
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.
The amount you can save into a pension ultimately depends on what you can afford - but the longer you leave it the more you will need to save. 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?
Mortgage rates were tipped to start rising in 2017 but so far, there hasn't been any evidence to suggest rates are about to get more expensive. Experts say borrowers sitting on their lender's default rate could save money by remortgaging now.
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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