Money

Updated: 17:05 EDT

Facebook takes on the TV channels with new 'watch tab'

Facebook is expected to start developing its own TV shows and could even bid for major sporting events. The move marks a major development in its bid to expand its reach as a global media company.

A lot has changed over the past ten years but markets have ended up in a somewhat similar place to where they were following a long bull run, certainly on the equities side.

How to create an investment plan to build an income

You might invest, but do you have a a clearly defined plan of what you are investing for and how you plan to do it. If you're anything like me the answer is 'no'. But without an investment plan you are much less likely to achieve your goals - one expert says it's like 'driving without knowing your destination' So here's how to get one quickly and easily.

Since the Prime Minister's promise in July 2016, overseas companies have snared a string of major firms including ARM Holdings, National Grid's gas pipelines business, WS Atkins and Worldpay.

At £10.7bn, Glencore's debt is now just one-third of where it was four years ago. The firm has faced criticism because of its role both as a miner and trader, giving it what some see as an unfair edge.

The Baobab Network aims to support African entrepreneurs while at the same time giving UK companies access to innovation completely outside the typical Tech City echo chamber.

The majority of homes valued beyond £500k are having their asking price shaved before being sold as the property market stalls, latest Rics data shows.

EDITOR'S DEALS OF THE WEEK
For current account rewards and interest conditions may apply eg. using provider's full switching service, min deposits and direct debits. For savings, access maybe limited, min/max deposits may apply. See T&Cs.; Representative example: If you spend £1,200 at a purchase interest rate of 18.95% p.a. (variable) your representative rate will be 18.9% APR (variable). *price increases to £39.99 after 12 months, £59 set-up ** Sharia compliant account, pays an 'expected profit rate'.

Like
MailOnline

Follow
@MailOnline

   

DON'T MISS

Abramovich gets £100m richer as steel maker pays dividend

Some would say Roman Abramovich, one of Russia's richest men and the owner of a £308m superyacht, has had his fair share of fortune in this life, but the oligarch once again landed on his feet yesterday. The Chelsea-owner now looks set to add around £100m to his £6.4bn fortune after steel maker Evraz, in which he owns a 31 per cent stake, announced a £331m interim dividend in its six month figures - its first payment since 2014.

Bali Padda, 61, who took over as boss of the Danish firm in January, becoming the first non-Dane to lead the plastic giant, will be replaced by newcomer Niels Christiansen, 51, in October.

Estate agent Savills handled a string of commercial property deals in London during the first half of 2017 - with a record 78 per cent fuelled by overseas buyers.

Amid Volvo's move to only electric car production and governments' focus on cutting emissions, experts predict production of the vehicles could soar 12,000 per cent in 15 years.

Britain's trade deficit climbed to £8.9bn in the second quarter of 2017, up £100m from the previous three months. The nation exported £200m more goods but imported an extra £300m.

Windhorst, 40, remains listed as a founding patron of Kensington's modish Serpentine Sackler Gallery, whose annual summer party is a magnet for London's beau monde.

Fraudster spent £700 worth of my Nectar points in Argos

I saved more than £700 worth of Nectar points over the years through regular shopping at Sainsbury's and BP - but the points have been spent by a fraudster in Argos at the start of July. How has this happened and why hasn't Nectar refunded the points yet?

RAC chief engineer David Bizley warned the figures suggest a spell of extreme weather could now result in road surfaces dramatically deteriorating even further.

The 10 mistakes motorists make that invalidates insurance

This is according to new research by uSwitch, which uncovered that two thirds of drivers are putting their payout at risk by a lack of awareness about actions that could make their policy worthless. It listed the top 10 misdemeanors made by motorists, which includes simple car maintenance, locking the doors and avoiding footwear that is seen as dangerous.

A report by the London School of Economics and the VATT Institute for Economic Research claimed that the rate of home moving would be 27 per cent higher if stamp duty was abolished.

Bank of Cyprus has bumped up the rate on its Online Easy Access Account, to a new best-buy rate of 1.3 per cent - 0.05 per cent above rival bank Ulster's previous best-buy deals.

Banks admit George Osborne killed off cash ISAs

In June, savers pulled a huge £1.17 billion from big banks, figures from trade body UK Finance show - the largest amount since records began more than ten years ago. They put in £6.5billion into taxable bonds and easy-access accounts.

Hero who tracked bank fraudsters to win back £20k

In the first case of its kind, Gideon Roseman managed to track down his stolen money after it been sent to a crook's account - and get every penny back. Gideon was conned when fraudsters posed as the builder he had hired to extend his home. They hacked into the builder's email account and sent the 39-year-old barrister a message asking him to make a lump sum payment before the work could begin.

Gideon Roseman managed to beat the conmen and get his money back. He has written this six-step plan to follow for others who think they may have been defrauded.

EstateAgent4Me reveals where find best property bargains

Properties in the £2million-plus bracket are being sold at £296,000 less than their asking price on average, a drop of 10 per cent, according to data from EstateAgent4Me. Across England and Wales, luxury homes that were originally priced at between £1.75million and £2million are being sold at a typical discount of £225,000, while those between £1.5million and £1.75million have an average discount of £142,000.

ASK TONY: ScottishPower sent me 3 baffling bills

I moved home in September 2014 and sent a new meter reading to energy supplier ScottishPower. I asked to be put on a monthly direct debit, but I heard nothing back. I kept phoning and sending updated meter readings but had no reply until June 24, 2015. Now it has sent me three baffling bills, the largest of which is for £3,754.

Millions of Britons have not saved a penny in the last two years and those who do should be shunning traditional savings accounts at bank and building societies, a report claims.

My daughter and her cousins are coming into some money from their uncle's will, but held in trust until they are 21. Do we really need to pay a solicitor to set up trusts? How does it work?

How to switch all your bills without getting into a muddle

We're constantly being told that to get the best deals on everything from broadband to energy and insurance we should switch, switch, switch. But it's not always as simple as we're led to believe. Here's how to switch all of your household bills to shave hundreds off your bills without getting into a muddle

Ford Money has edged up its Flexible Saver deal to 1.12 per cent. It's not the top rate. You can get 1.25 per cent with Ulster Bank, or 1.3 per cent with Bank of Cyprus, including a bonus for 12 months.

Last week Mark Carney, Governor of the Bank, signalled that the base rate could rise to 0.5 per cent by next summer before reaching 1 per cent or higher by mid-2020.

Is my stamp collection valuable? How to find out for free

In the 1950s and 60s, stamp collecting was commonplace, with around half of young Britons having a collection of some sort. Since then, its popularity has died out. However, many may have collections gathering dust, either inherited or forgotten about in the loft, and no idea how to get them valued - we reveal how, and the gems that have been found in the attic.

HM Revenue & Customs is believed to be struggling to cope with high levels of demand. It says 600,000 people have used the site in the past few weeks alone.

Nearly 1,200 people have complained to the information watchdog in a year about nuisance calls and texts from firms selling call-blocking services.

Cat D crash-damaged cars explained

We've all seen ads for cars that seem incredibly cheap, only to see the dreaded phrase 'Category D' tucked away at the bottom of the spiel. Immediately, most of us will suspect the worst and move on to the next ad - but is that necessarily a good idea? Might you be missing out on a bargain?

Fix your finances: How to get your bills sorted

Overhauling your bills can potentially save you thousands of pounds, we deliver all the tools and tips you need in one place.

Motorists who install the systems get cheaper premiums - but they go up if bad driving is detected. Hastings' chief Gary Hoffman said they would never appeal to older drivers.

Disney to pull its films from Netflix

In its earnings report released earlier this week, the entertainment giant said it plans to launch a branded on-demand service in 2019. The service will initially be offered solely in the US, but Disney plans to roll it out globally over time.
Alongside the service, which will become home to future Disney blockbusters like Toy Story 4 and Frozen 2, the firm will also launch its own ESPN video streaming service.

After weeks of negotiations shrouded in secrecy the digital payments firm yesterday said it would finally accept an offer to merge with Cincinnati-based Vantiv.

The capitulation of Sir Mike Rake and chief executive Phil Jensen in the fight to keep Worldpay as financial technology leader in Britain was entirely predictable.

From April to June, the retailer suffered 'significant declines in store footfall and customer orders', triggering a 4 per cent drop in second half revenues.

Flamboyant financier 'has private jet, seized' in bust-up

Lars Windhorst (pictured with girlfriend Christine Barner) - who was reported to be worth £320m in 2015 and has a reputation for throwing lavish parties - denies the claims. Once the toast of Berlin society with fans including Chancellor Helmut Kohl, he moved to London nine years ago for a fresh start after going bankrupt and being handed a one-year suspended prison sentence for breach of trust.

Ground Rents Income Fund makes money from buying up ground rent fees at houses and blocks of flats. Many of the homes making up its portfolio, are subject to doubling ground rents.

He stepped aside as chief executive in July, to be replaced by Marco Gobbetti, as part of an overhaul that followed criticism that Bailey should not fill both creative and chief executive roles.

The firm is aiming to cut costs by £145 million a year by 2022, seemingly opening the door to making redundancies among its approximately 7300 UK staff.

International sales jumped 19.5 per cent to £42.3m in the year to end of March thanks to the brand's growing popularity in Asia where customers like its quintessentially British appeal.

MARKET REPORT: Cherry vodka sales boost Stock Spirits

The eastern European-focused spirit and liqueur maker saw volumes of flavoured vodka including cherry, lemon and strawberry sold in Poland - its biggest market, accounting for more than 64 per cent of all vodka sales - grow 7.7 per cent in the first half. Stock Spirits, which owns premium vodka brands such as Stock Prestige and Zoladkowa de Luxe as well as names like Stock 84 brandy, said this compares to just 1.4 per cent growth across the Poland's wider vodka market.

The Serious Fraud Office probe will look at Petrofac's standards for the prevention of bribery and corruption, as well as its ethical, social, and regulatory risk policy.

Insurer Legal & General has posted a jump in half-year profits, helped by changes in life expectancy rates and a strong performance in its corporate division.

Global security firm G4S has reported rising half-year sales and profits as the firm's turnaround under chief executive Ashley Almanza continues to pick up pace.

Virgin Media has said it had connected 127,000 premises in the second quarter, up from 102,000 in the first quarter for its Project Lightning which aims to give more properties fast interenet.

What you need to know about declaring your income to HMRC

There are several reasons why people may not disclose their full income and gains, including that they may not realise that they need to do so. Unfortunately for these people, HMRC has ways to discover that tax was not paid and collect the money due.

Those in retirement owe more money on credit cards, loans and in council tax debts than any category of employed people, according to new research from PayPlan at £19,897.

Can we get broadband without signing up for 12-month deal?

We have had to move to a rented flat for a few months while renovating our home. We hope it will only take three months to get the work finished, what can we do about our broadband? Is there any way of getting broadband without signing up for 12 months or will we have to go without?

The retirement income gap between households with a private pension income and those without is growing, according to Office for National Statistics (ONS) figures.

Currently, if you push the button to send a payment to an unknown account that later turns out to be fraudulent, banks hold you fully responsible and refuse to cover the losses.

Why was my state pension reduced after my husband died?

My husband sadly passed away and my state pension is to be reduced. I am confused why I should now be penalised at such a difficult time. I cannot find any information that suggests that this may happen and the government site only refers to how you may benefit.

Wellesley, a peer-to-peer lender which allows property developers to borrow cash from investors, is grappling with losses on its loan book.

Gareth Shaw of consumer rights group Which?, pictured, explains who is eligible for PPI compensation, on what grounds you can make claims, and how best to go about it.

House prices up £5K in year after Brexit vote says Halifax

A combination of record low mortgage rates and a lack of homes for sale has bolstered the property market, but the pace of house price rises has slowed considerably, according to the Halifax house price index. House prices rose by another £789 in July to bring the average home's cost to £219,266 - up 2.1 per cent on a year ago but down on the start of the year.

Retailers experienced slowing sales last month as households reined in their shopping as the pressure mounts on their finances. Households have seen their spending power come under a continued

A new £5 coin celebrating Prince Philip and his 70 years of service could end up being worth a mint in the future, depending on how rare it becomes.

Get your state pension back on the RIGHT track

Workers aged 40 and over are being urged to obtain a forecast of their state pension to avoid huge financial disappointment when they reach official retirement age. It has never been easier to obtain this information. Nor has it been more important to act early to squeeze the best value from the state scheme.

Holly Casswell (pictured) paid the amount being asked for by the debt collectors, and then Extra Energy told her it was an error and the money was due from the previous tenant.

Once rail passengers have a digital version of their railcard stored on the app, they will be able to use it to access money off train tickets without having to worry about the paper version.

Six reward credit cards that pay you to shop

Airline and supermarket reward cards are a popular option, but your favourite high street store may also offer a credit card that will clock up loyalty points when you spend. You are unlikely to earn a fortune or be able to use points to pay for your entire weekly shop but they do give you something back for your spending.

Spiralling bank overdraft costs are under the spotlight again. The Financial Conduct Authority, the City's regulator, says the market needs 'fundamental change'.

Lounges allow passengers to escape the chaos of the airport terminal and chill out with comfortable seating, unlimited food and drink and free wi-fi.

I earned a lot from Red Dwarf: CRAIG CHARLES

Craig Charles, DJ and comedian, came close to losing his home during the 2008 financial crisis despite being able to command fees of more than £10,000 a night working as a DJ. Charles, who played Lister in cult TV sitcom Red Dwarf, had to fight to keep his five-bedroom house in Cheshire after taking out two 'mighty' mortgages and failing to sell an £860,000 property in Southampton.

The 10 best hybrid cars on sale today

The Government confirmed it last month - the sale of new conventional petrol and diesel-powered cars will be prohibited from 2040. However, that doesn't include hybrids. That means cars with petrol and diesel engines and a supplementary electric power source will still be allowed in the UK.Want to get a head-start on the new laws - these are the ten highest rated hybrid cars you can buy in showrooms today, according to the expert road test team at What Car?. Clockwise from top left: BMW i8, Volvo XC90 Twin Engine, VW Golf GTE, Toyota Yaris Hybrid.

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.

We asked trusted experts to recommend the best funds that cover different investment sectors - and included This is Money's selection of active and passive options too.

Rightly or wrongly, some people simply want a quick, straightforward route map to investing in an Isa. To that end, this is our distilled guide to getting started.

How much money do I need to save for my pension?

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?

Old people / couple (figurines) - sitting on a pile of money coins - savings / bills / financial / investment / pensions concept.
BH2YX5 
savings, money, finance, pensions, savings, money, finance, pensions, retirement, coins, pensioners, future, security, insurance, savings, money, finance, pensions

Making the most of a pension is your best chance of securing a decent income when you retire. We explain what you need to know.

Even at a time when we are stretching our finances further to afford a home, moving less, and pushing mortgages beyond 30 years, we still remain captivated by two-year fixed rate deals.

When will UK interest rates rise?

Worries over debt in the economy have been raised in the latest bank Financial Stability Report in the wake of fresh speculation that interest rates may rise sooner than most expect. The latest MPC meeting led one investment bank, Nomura, to suggest a rate rise could come as soon as August. Economist George Buckley said comments from Bank chief economist Andy Haldane's and the 5-3 split made an early move more likely.

What next for mortgage rates?

Borrowers are being offered a raft of cheap fixed rate mortgages as lenders attempt to lure them into remortgaging or buying a home. But HSBC has decided to buck the trend and launch a new rate mortgage that is a tracker instead. We pick out the best fixed and tracker rate mortgages and look at what next for 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

Best paid jobs and biggest pay rises of 2016 revealed

Compare your pay to the national average and see whether your employer treated you to a pay rise in line with the the rest of your profession. Farmers, care and air travel assistants were big winners on the pay scales in 2016. Travel agents, careers advisers and probation officers lost out.

Premium Bonds winners

August 2017
Prize value Winning bond No. Area
£1,000,000 87DH369559 Leicestershire
£1,000,000 164QV715020 Bristol
£100,000 78WT211368 Kirklees
£100,000 11BX061836 London
£100,000 108VH624020 East Sussex
£50,000 45HQ519519 Stoke-On-Trent
£50,000 305MT369656 West Midlands
£50,000 289WC671218 Buckinghamshire
£50,000 234JL749601 Overseas
£50,000 176CB195657 Suffolk
£25,000 53KL770998 Kent
More Premium Bonds winners
   

MOST READ MONEY

From April to June, the retailer suffered 'significant declines in store footfall and customer orders', triggering a 4 per cent drop in second half revenues.

Tourist rates

Currency Rate Buy now
Updated 11 Aug 2017.
Euro 1.08 Buy Now
US Dollar 1.27 Buy Now
Australian Dollar 1.6052 Buy Now
Canadian Dollar 1.6093 Buy Now
Chinese Yuan 8.2572 Buy Now
Croatian Kuna 7.8902 Buy Now
Czech Koruna 28.1261 Buy Now
Danish Krone 8.0256 Buy Now
Egyptian Pound 16.27 Buy Now
Hong Kong Dollar 9.8743 Buy Now
Hungarian Forint 327.181 Buy Now
Icelandic Króna 128.2179 Buy Now
Israeli New Shekel 4.4542 Buy Now
Japanese Yen 139.057 Buy Now
Malaysian Ringgit 6.2624 Buy Now
Mexican Peso 22.267 Buy Now
New Turkish Lire 4.4301 Buy Now
New Zealand Dollar 1.7433 Buy Now
Norwegian Krone 10.0312 Buy Now
Polish Zloty 4.55 Buy Now
Singapore Dollar 1.7244 Buy Now
South African Rand 17.0138 Buy Now
Sterling 1.0 Buy Now
Swedish Krona 10.3293 Buy Now
Swiss Franc 1.2249 Buy Now
Thai Baht 41.5884 Buy Now
UAE Dirham 4.6451 Buy Now

Monthly Or Lump Sum Savings Calculator

Monthly savings plan

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

Results
Or lump sum investments

Calculate how much a lump sum investment could be worth.

Result

Mortgage Affordability Calculator

Your monthly payment

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

Result
Your total mortgage

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

Result
Are you over-stretching

How much of your income goes on your mortgage?

Result
Argos discount codeKwik Fit discount codeWaitrose discount code