Peter Crook announced he was stepping down with immediate effect after Provident said it now expects to make a net loss of between £80million and £120million this year as the reorganisation of its debt collection division proved disastrous.
DON'T MISS
- House price growth across the UK will slow to 1.5% this year North East and Greater London will be hardest hit, Countrywide predicts.
- The Vision Mercedes-Maybach 6 Cabriolet is an extravagant superyacht for the road with a dinner set under the bonnet
- Mini property boom hits central England with house prices rising three times faster than the national average Northamptonshire, Derbyshire and Norfolk 'hot' says Rightmove.
- Hundreds of loyal Nottingham Building Society customers rewarded with £70k windfall And some will receive a £500 bonus.
- 'Broker persuaded me to invest £15k in Paragon Time Trading and now they want me to buy another £81K' TONY HETHERINGTON detects a scam.
- The big pay-by-phone car parking apps rip-off How motorists are hit with hundreds of pounds of extra charges.
- Austerity was a blunt mistake and Brexit can't cure these self-made ills, says SIMON WATKINS
- Britain's debt mountain to hit £2trillion in the longest run of budget shortfalls since Napoleonic times
- 'Since I started Gogglebox I've earned about £100k a year' TV star Sandra Martin, who was talent-spotted in a pub, expects to earn more this year...
- Five ways to curb gas and electricity bills now .Don't wait for Government to impose a price cap.
- Sneaky travel scams and how to avoid them Pickpocketing firms AND hardened crooks will lighten your wallet if you don't stay on alert
- Construction giant Carillion to plunge out of FTSE 250 as it prepares to launch emergency fundraising Market cap has quartered in 2 months.
- European flight fares could rise after low-cost Air Berlin collapses Merkel provides €150million bridging loan.
- Star 'vlogger' Zoella boosts cosmetics firm SLG as turnover is set to pass £40m barrier
- SALLY HAMILTON The cruel cost of the current student fees system and its exploitative rates of interest
- Wholesaler blasts competition watchdog for failing to curb Tesco deal... - and tells why it will bring all suppliers a truckload of trouble.
- Lights and action from historic firm T Clarke electrifying Britain for 128 years - and the shares look cheap MIDAS SHARE TIPS.
- Women remain less likely to get into investing but tend to be a steadier hand 'I pick funds and keep them, whereas he likes to buy and sell company shares'
SAVE MONEY, MAKE MONEY: OUR TIPS TO GET RICHER
- This is Money's five favourite best buy cash Isas
- Looking for a better bank? Five of the best current accounts
- Energy bills: Could you cut save by switching?
- Best credit cards for spending, holidays and rewards
- The best mortgage rates and should you fix?
- Ten tips for cheaper car insurance - and compare prices
- Best debit and credit cards for spending overseas
- The best and longest balance transfer credit cards
- Best (and cheapest) DIY investing Isa platforms
- Ten tips for buy-to-let and how to find a mortgage
BUSINESS & MARKETS
MARKETS LIVE: London shares tick higher, while Provident Financial issues profit warning as CEO quits
Provident Financial shares shares, already down 45 per cent since May, tumbled another 43 per cent on the open, on course for one of the biggest ever one-day falls for a FTSE 100 stock. The new home credit model isn’t working and drastic action is required. CEO Peter Crook is out and a turnaround is underway already. The previously-announced dividend is being withdrawn and investors shouldn’t expect anything until we see significant improvements.
Disgraced serial bankrupt Dominic Chappell is PROSECUTED by the pensions regulator over BHS collapse
MONEY NEWS & ADVICE
The Vision Mercedes-Maybach 6 Cabriolet is an extravagant superyacht for the road with a dinner set under the bonnet
Love it or loathe it, there's no denying that Mercedes' latest creation will turn heads. Powered by a 740bhp electric powertrain, this 5.7-metre-long barge on wheels can hit 62mph in 4 seconds. It was showcased for the first time this weekend in California during Monterey Car Week. Find out everything you need to know about the yacht-inspired luxury cruiser.
House price growth across the UK will slow to 1.5% this year - with the North East and Greater London the hardest hit
Countrywide predicts house prices will increase by two per cent in 2018, despite a tough start to the year, and by three per cent by 2019 as wage growth returns. Only an expected interest rate rise and a more cautious approach by lenders will prevent a faster price increase.
Mini property boom hits central England with house prices rising three times faster than the national average
Northamptonshire, Derbyshire and Norfolk were identified by property website Rightmove as the 'hottest markets', with asking prices in these counties surging annually by 9.1 per cent, 7.9 per cent and 7.4 per cent respectively. This is almost triple the national average, which has seen a 3.1 per cent annual increase in asking prices.
'Broker persuaded me to invest £6k in Paragon Time Trading shares and I received a dividend of £135 so I put in a further £9k - now they want me to buy another £81K': TONY HETHERINGTON detects a scam
I am writing about your article on Paragon Time Trading last Sunday. I was contacted by Daniel Knight of Incrementum Funding, who over a few days persuaded me to invest £6,000 in Paragon shares on the promise of an imminent dividend of £135, which did arrive. More calls followed and I parted with a further £9,000. (Yes, I know. How stupid).
The big pay-by-phone car parking apps rip-off: How motorists are hit with hundreds of pounds of extra charges
Motorists are being fleeced out of hundreds of pounds by apps that claim to make parking easier by using a mobile phone. The apps offer the convenience of helping motorists find spare car park spots and then taking payment online rather than finding and queuing at a ticket machine to pay with a card or loose change.
Sneaky travel scams and how to avoid them: Pickpocketing firms AND hardened crooks will lighten your wallet if you don't stay on alert
It is not just beachside bag snatchers that holidaymakers need to worry about - much bigger losses come from pickpocketing companies and scammers trying to overcharge you from the moment you book a trip abroad. Banks, airlines and car hire firms have become increasingly creative when it comes to hidden fees and sneaky tricks designed to rip off travellers.
MORE BUSINESS & MARKETS NEWS
Chinese investors splash £4bn on the London skyline, snapping up assets such as the 'Cheesegrater' and 'Walkie Talkie'
Chinese investors are ploughing billions into the London property market – snapping up trophy assets such as the ‘Cheesegrater’ and ‘Walkie Talkie’ in the Square Mile. In a major vote of confidence in Brexit Britain, the Chinese bought £4 billion of commercial buildings in the capital in the first half of 2017, according to property agent CBRE. That was the highest amount on record and more than three times as much as they spent in the same period of last year, the six months leading up to the Brexit vote.
Mark Carney skips key Jackson Hole summit of top central bankers, sending his tipped successor Ben Broadbent instead
Bank of England Governor Mark Carney is to skip a key summit of top central bankers in Jackson Hole this week, sending a potential successor in his stead. It will leave Carney as the odd one out among his U.S. and European peers, with Federal Reserve boss Janet Yellen and European Central Bank president Mario Draghi both set to attend the prestigious three-day gathering in Wyoming which runs from Thursday to Saturday this week. A spokesman for the Bank of England said there was 'no specific reason' why Carney, 52, was missing out on the annual conference and stopped short of giving details of the governor's diary.
SMALL BUSINESS: NEWS, TIPS AND SUCCESS STORIES
YOUR MONEY ESSENTIALS
'Since I started doing Gogglebox I have earned about £100k a year': TV star Sandra Martin, who was talent-spotted in a pub, expects to earn more this year...
The 55-year-old grandmother and car boot seller was living on benefits when a Gogglebox researcher happened to meet her in a pub in Brixton, South London. Channel 4 then hired her for the show, and sent her annual income soaring to around £100,000. She still travels everywhere by bus and says the most expensive item she has ever bought was a £40 bottle of perfume.
'I pick funds and keep them, whereas he likes to buy and sell company shares': Women remain less likely to get into investing but tend to be a steadier hand
While women are more likely to be in charge of household bills and the family budget, they are far less likely to take the step into investing. Research by fund management group Fidelity discovered that while 43 per cent of women save money into a cash Isa, just 9 per cent invest in the stock market. According to the most recent Government figures, 5.1million women in the UK have a cash Isa but just 872,000 have a stocks and shares Isa. Yet there is a wealth of research to suggest that women make better investors than men. Kristina Wu, pictured, is the only one in her circle of female friends who invests in funds.
Star 'vlogger' Zoella boosts cosmetics firm SLG as turnover is set to pass £40m barrier
Video blogging sensation Zoella is boosting turnover at cosmetics firm SLG, which expects to pass the £40million barrier this year. The company is behind the Zoella Beauty range for the British fashion and beauty vlogger, who has notched up around a billion views on her YouTube channel - and has her own waxwork model at Madame Tussauds.
Don't wait for Government to impose a price cap: Five ways to curb gas and electricity bills now
Thinking about heating and energy bills may feel odd during the warm summer months but savvy households should act now ahead of price rises this autumn. This month, British Gas - which earlier this year bragged of its winter price freeze - became the last of the Big Six energy providers to announce hikes. Francesca Hayden-Sims, pictured, can turn down her heating via her mobile phone when not at home.
How to stop low interest rates hurting your nest egg: Best (and worst) equity income funds of the last five years
In its latest half-yearly Income Study, asset manager Sanlam has made a 'White List' of UK Equity Income funds which have achieved the best combined income and growth over five years. It has also made a 'Black List' of consistent underperformers over the same period, which investors are advised to stay away from for the time being.
The new Volvo XC60 on mini-test: RAY MASSEY takes the smart, stylish mid-sized family SUV for a drive
Scandi-lovers will adore this new mid-sized family SUV. It's smart, stylish (if relatively conservative) with a classy interior. And despite looking like a 4x4, it has the confident driving manners of a saloon car. If the range-topping XC90 off-roader's price tag is too hefty, this new, smaller second-generation mid-sized effort could be just the job. Much of its technology has been carried across, but scaled down.
Investing Show: 'Be fearful when others are greedy and greedy when others are fearful', said Warren Buffett. Which should investors be right now?
Which should investors be right now, fearful or greedy? The advice from Warren Buffett is all well and good, but which market are we in right now? In this episode of the Investing Show, presenter Simon Lambert is joined by Justin Urquhart Stewart of Seven Investment Management to look at how investors should play it - and how they can invest at times of political uncertainty.
BMW's Z4 concept is an early indicator that the 2018 roadster will soon be the best looking car out there for £30,000
This Z4 concept was officially showcased at this year's Pebble Beach Concours d'Elegance in California on Thursday ahead of the car going on sale in 2018. And what you see today is pretty much what you should expect to get in 12 month's time, with the German manufacturers promising that around 80 per cent of the concept design will filter through to the production model.
SIMON LAMBERT: The death of dinner party buy-to-let... and why the easy gains from property have gone
Buy-to-let was Britain's favourite investing hobby. Today, dinner party chatter is as likely to be about why the numbers didn't stack up for keeping your old flat, or buying another property. It's not that we've fallen out of love with bricks and mortar but tax hikes and regulations have snatched the wind from our sails and buy-to-let investors must be much more careful nowadays.
Savers who cash in their pensions risk running out of cash in retirement after investing without taking advice
Phil Loney, head of savings firm Royal London, said more retirees were putting their money into drawdown products with no understanding of the risks. Traditionally, savers used the money in their nest egg to buy an annuity which guarantees a set amount of income for life. But pension freedom reforms introduced in 2015 gave the option of spending cash - with then-pensions minister Steve Webb even saying they were free to blow it on a Lamborghini car.
West Sussex is revealed as the best place for pensioners to live with good weather and low crime rates
Boasting rolling fields, a colourful history and bouts of sunshine, West Sussex has been ranked as the most attractive place for a happy retirement, knocking Dorset from the top spot. The rural area in the south of England was lauded for having good weather, a low crime rate and a strong disability-free life expectancy, in Prudential's updated Quality of Retirement Index. The new analysis put affluent Dorset down to second place, while East Sussex, Devon and Norfolk were revealed as the other most attractive 'grey hotspots'.
The glamorous hotels that have been converted into flats and offer grand ballrooms and basement pools
These days you can check into hotels, even those with an illustrious past, full-time as an owner because many are being turned into houses. In Hertfordshire, Harpenden's last hotel is set to become 37 homes, while a scheme of new apartments called 51 Degrees Latitude is being carved from a former hotel overlooking Tenby's South Beach. In Sheffield, the city's historic Beauchief Hotel will become 30 new homes and in Newquay, Cornwall, two hotels are being considered by the council for apartments.
THIS IS MONEY'S FIVE OF THE BEST SAVINGS DEALS
RCI Bank pays 1.2% AER variable interest on its easy access deal - the Freedom Savings Account. Deposits have no FSCS protection, but you are covered for up to €100,000 by the French equivalent (FGDR).
Al Rayan Bank pays 2.02% AER fixed on its Fixed Term Deposit account. The top rate available on a one-year fix. The bank is Sharia compliant so it quotes an expected profit rate paid on maturity rather than interest on your deposit. All money is invested ethically.
The Post Office pays 1.01% AER variable interest on its easy-access, Online Isa. The account allows transfers from an existing provider, plus you can split tax-free savings between both instant access and fixed-rate products. Rate drops to 0.25% after 12 months
Paragon Bank pays 1.75% AER fixed interest if you lock your cash away in 1-year fixed-rate account. It requires a minimum £1,00 deposit and you can choose to recieve interest monthly or annually
Bank of Cyprus UK pays 1.22% AER fixed interest - the best one-year Isa deal available - to those with its new One Year Fixed Rate Cash Isa. The account allows transfers in and requires a minimum £500 deposit.
GUIDES: HOW TO SAVE MONEY AND MAKE MONEY
WHAT YOU NEED TO KNOW ABOUT YOUR MONEY?
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.
How much money do I need to save for my pension? A quick guide to retirement saving...
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?
When will interest rates move? Bank worries over UK's debt addiction as economists speculate on an earlier rate 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: Should you lock in to a cheap fix now?
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: the essential advice for property investors
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
ABOUT THIS IS MONEY
Premium Bonds winners
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 |
THE INVESTING SHOW
- How to invest and achieve long-term returns that beat inflation and low savings rates
- 'Private investors have an advantage': Gervais Williams's tips to pick the best small company shares
- Britain is leaving the EU, but should Brexit-hit investors go the other way?
- Are stockmarkets too expensive to invest right now?
- Should you invest in India? We ask the manager whose fund is up 40% in a year what all the fuss is about
- Is it time to invest in Europe? It's not fixed yet, warns Tom Becket
- John Redwood: Has the French election rescued the euro?
- Will shares go off the boil or keep on rising?
- Tips to choose the best funds for your Isa
- Can you profit from the growing Chinese middle-class? We meet Fidelity China Special Situations manager Dale Nicholls
- Asset allocation - how to make sure all your eggs are not in one basket
- Emerging markets manager who returned 60% in a year: We meet Templeton's Carlos Hardenberg
- Where to invest for income and how to spot the best dividends
MOST READ MONEY
- Revenue's crackdown on VAT evaders yields £3.4bn from small and medium firms
- Why have policy makers become so focused on GCSEs and A-levels? asks Government's guru as he calls for work skills to be put back on Curriculum
- SUNDAY NEWSPAPER SHARE TIPS: T Clarke, Stagecoach and Next Midas argues that T Clarke is still a pioneer in the electrical sector, the Times analyses the prospects of Next.
- American tourists splash out in UK as sterling slides after Brexit referendum
- How to stop low interest rates hurting your nest egg Best (and worst) equity income funds of the last five years
- Lloyds pushes £60k car loans without ANY credit checks Banks become embroiled in row over reckless lending after mass-mailing customers about luxury vehicles
- 'Be fearful when others are greedy and greedy when others are fearful', said Warren Buffett. Which should investors be right now? Investing Show.
- The glamorous hotels that have been converted into flats and offer grand ballrooms and basement pools
- Mercedes-Benz follows in BMW's footsteps with £2,000 diesel trade-in deal (but you won't get a discount on a petrol model)
- West Sussex is revealed as the best place for pensioners to live with good weather and low crime rates Prudential's updated Quality of Retirement Index.
- Savers who cash in their pensions risk running out of cash in retirement after investing without taking advice
- World's oldest investment trust Foreign & Colonial has weathered 150 years, two world wars and financial crisis... - but is it a good proposition?
- We teach toddlers about dinosaurs but tell teenagers to measure their education as a return on investment - learning is about so much more than earning RACHEL RICKARD STRAUS.
- The death of dinner party buy-to-let... and why the easy gains from property have gone SIMON LAMBERT:.
- The best student bank accounts for 2017 and why freshers should ignore the tempting freebies
- China's debt binge could crash the entire world economy IMF issues stark warning as borrowing balloons.
- Aston Martin's new Vanquish Zagato Shooting Brake is a 600bhp big-booted estate car Enough room for 007's groceries.
- How safe is my Isa in an online investing account, what if the firm goes bust? INVESTMENT CLINIC.
- Vodafone adds sneaky £1-a-month charge to contracts of a million mobile phone users EXPOSED.
- The great smart meter hard sell Energy firms accused of pressuring customers into getting new devices - even though it's optional.
- Barclays customers will be locked out of telephone and online banking for one weekend a month for the rest of the year Web blackout.
- Don't let tax chaos rob YOUR family of childcare perks As yet another HMRC shambles hits parents, our guide will help you get what you're owed.
- How do my wife and I legally avoid paying any tax on our £22,700 pension income? Former pensions minister Steve Webb replies.
- The age of the stealth fee... where you need only take your eye off the ball for a split second to get ripped off DAN HYDE.
- The sprawling Scottish six-bedroom country house that's gone on the market for £200k Yours for the price of a London studio flat!
- Isa rates hit 1.05% - but act quickly because online deal with Paragon Bank is unlikely to be around for long
- House prices are up £10k since the Brexit vote with the East of England seeing the biggest gains, official data shows Property prices increased 4.9% in the year to June
- Can Ford's new Fiesta retain its crown as best supermini, or is a Seat Ibiza or Skoda Fabia a better choice? Small car shootout,
- Could you buy a family holiday home and attract tax benefits? This trick could bring dreams of owning a second home within reach...
- BMW launches its own scrappage scheme to offer £2,000 off a new car when you trade in a dirty diesel... - and VW will have one too.
- Pay back a friend with a WhatsApp message: Facebook-owned app 'trialling new payments service'
- Are Britain's income fund investors too reliant on a handful of high dividend shares? Five ways to spread your risk.
- I'm 85 and still have a mortgage, should I pay off that interest-only loan using equity release?
- Can you guess the prices of these bungalows? Take our quiz to see if you can... - and spot the one that costs 15 TIMES the average home.
- Why does NatWest offer overseas customers 25 times more interest on its easy-access savings account than those who live in Britain?
STEVE WEBB ANSWERS YOUR PENSION QUESTIONS
- My husband contracted out and my state pension payments have GONE DOWN since he died!
- I'm trying to claim state pension credits for my disabled husband and it's a nightmare - can you help?
- I live in France and want to get my Winter Fuel Allowance back, as it was scrapped due to balmy tropical island weather - what are my chances?
- I am 49 and want my pension now to pay my mortgage, but is this early release offer a scam?
- My husband died and I have £100k from his pensions - how do I get a decent income for my retirement?
- I want to take a quarter of my pension tax-free - can I do this all in one go or only in chunks?
- My partner and I are aged 79 - what happens with our pensions if we marry now?
- UK's biggest doorstep lender in crisis: Provident Financial shares plunge 70% as boss resigns over botched...
- I am too ill to work and need to claim my pension and other benefits, but it's a minefield: STEVE WEBB helps...
- New middle-class favourite in town? Lidl overtakes Waitrose to become Britain's seventh-biggest supermarket...
- Get £5k off a new Ford Focus when you trade in your old polluter: Ford is latest car maker to launch a...
- Bank of England printing money is 'like a heroin fix' and must be stopped, says expert who helped create the...
- Treasury records a surplus in July for the first time since 2002 - but the national debt is STILL rising...
- Banks abandon the high street: Ten branches are shut every week to save the lenders millions - but forcing...
- MAGGIE PAGANO: The electric car conundrum as the National Grid warns about tripped fuses when it comes to...
- MARKETS LIVE: London shares tick higher, while Provident Financial issues profit warning as CEO quits
- Disgraced serial bankrupt Dominic Chappell will be PROSECUTED by the Pensions Regulator over BHS collapse
- Persimmon defies property market slowdown as brisk new home sales send it to a 30% leap in profits
- How lawyers from Linklaters allegedly ditched scandal-hit Barclays over 'dodgy' multi-billion pound Qatari...
- Co-op Bank 'must change its name' after £700m rescue deal which will see it 99%-owned by U.S. hedge funds
- China looks at getting its hands on £15bn car giant Chrysler, with alarm bells set to ring at the White...
- The Vision Mercedes-Maybach 6 Cabriolet is an extravagant superyacht for the road with a dinner set under...
- Co-op Bank 'must change its name' after £700m rescue deal which will see it 99%-owned by U.S. hedge funds
- Get £5k off a new Ford Focus when you trade in your old polluter: Ford is latest car maker to launch a scrappage scheme amid government inertia
- Millionaire tech boss on a mission to sue Tesla for £39,000 over a squeaky back seat
- MARKET REPORT: Britain's largest home-credit lender Provident Financial is swamped by short sellers knocking over £158m off its value
- Traders betting against Alibaba witness £7.6bn in losses as the Chinese tech giant's shares surge more than 90%
- UK's biggest doorstep lender in crisis: Provident Financial shares plunge 70% as boss resigns over botched restructuring and soaring losses
- New middle-class favourite in town? Lidl overtakes Waitrose to become Britain's seventh-biggest supermarket by market share
- I am too ill to work and need to claim my pension and other benefits, but it's a minefield: STEVE WEBB helps out
- Mark Carney skips key Jackson Hole summit of top central bankers, sending his tipped successor Ben Broadbent instead
- Chinese investors splash £4bn on the London skyline, snapping up assets such as the 'Cheesegrater' and 'Walkie Talkie'
- SMALL CAP IDEAS: Frontera Resources finally looks set to tap Georgia's oil jackpot after ten-year journey
- Do those who fly drones need insurance and are they liable if they cause an accident?
- MAGGIE PAGANO: The electric car conundrum as the National Grid warns about tripped fuses when it comes to charging
- Tourism trouble in Turkey sinks major port firm run by Lord Mandelson as it's hit by £5.2m in losses
- Ofgem threatens six big energy firms with £13.9m in fines for poor customer service
- MOST READ IN DETAIL
Big Money Questions
- Want to get an edge in investing? Read fiction, say the authors of a new book 'Cents and Sensibility' - and there's a lot economists could learn as well
- Why have we still not beaten fraud? Scammers' tricks are as old as time and yet we still get stung by the same ones... watch an expert explain how
- What are stocks and shares and what is the difference between the two? Watch our simple explainer...
- What exactly is an emerging market? Watch our explanation of what the label means and whether it's remotely useful...
- What is a consumer? We reveal where the notion came from and why we aren't bigger spendthrifts than in the past
- Should we give every Briton a basic monthly income? For some it's the key to stamping out exploitation for others it's a ticket to laziness...
- Can we avoid another financial crisis? Spoiler alert: No! That's according to STEVE KEEN who predicted the last one
- Is GDP DANGEROUS?! It may look like a harmless little number, but it's causing all sorts of damage...
MIDAS SHARE TIPS
- MIDAS SHARE TIPS: Lights and action from historic firm T Clarke electrifying Britain
- MIDAS SHARE TIPS UPDATE: Purring along... our Animalcare tip has trebled in seven years
- MIDAS SHARE TIPS: Bluejay's mining ventures into wilds of Greenland deserve to rise considerably
- MIDAS SHARE TIPS UPDATE: Eyes on prize as Minoan emerges from planning maze
- MIDAS SHARE TIPS: Young AIM firm EVR creates virtual reality musical experiences to download
- MIDAS SHARE TIPS UPDATE: Party is set to go on and on as gift group IG Design rises 73% in a year
- MIDAS SHARE TIPS: Our Dogs of the Footsie prove pedigree as portfolio of biggest dividend payers DOUBLES in five years
- MIDAS SHARE TIPS: Internet domain name firm CentralNic has .buy written all over it
- MIDAS SHARE TIPS: Gold gains new lustre in recent months as global threats grow
- MIDAS SHARE TIPS UPDATE: Spanish treasure... Berkeley Energiauranium mine on track to grow
- MIDAS SHARE TIPS: Marks & Spencer could be about to turn the corner with new chairman Archie Norman
- MIDAS SHARE TIPS UPDATE: Wincanton is motoring in the right direction
FUND AND TRUST IDEAS
- PREMIER GLOBAL ALPHA GROWTH: Fund avoids big tech 'FANGs' but sinks teeth into suppliers
- SCHRODER INCOME GROWTH FUND: 'Dividend hero' steers a cautious course through choppy waters
- BRITISH EMPIRE TRUST: 'Three-string' approach gives this oddball fund a towering record
- MERCANTILE INVESTMENT: Taylor Wimpey helps £2bn trust build on a century of success
- INVESCO INCOME GROWTH TRUST: The 'dividend hero' manager Ciaran Mallon who keeps the tank full to reward investors
- JO HAMBRO CAPITAL MANAGEMENT UK DYNAMIC: Manager Alex Savvides profits by keeping close eye on firms with changes at top
- JP MORGAN AMERICAN INVESTMENT TRUST: Investors will soon benefit from reduced charges
- BRUNNER INVESTMENT TRUST: Lucy Macdonald overhauls 'family' venture by casting the net overseas
- WORLDWIDE HEALTHCARE: The trust which invests in cutting edge health services and 'medtech' stocks
- LIONTRUST UK GROWTH: Manager Julian Fosh is unfazed by May's woes and focused on finding resilient 'super' companies
- L&G UK SPECIAL SITUATIONS: The fund that rewarded investors with returns of almost 50% over the past three years
- BLACKROCK STERLING STRATEGIC BOND: The fund that takes advantage of credit 'sweet spot'
- MITON UK VALUE OPPORTUNITIES: Andrew Jackson pilots fund away from UK to take advantage of weak pound
- SMITH & WILLIAMSON ENTERPRISE: Fund aims for certainty on returns, but has cut its target
Latest: Mortgages & home
- Shocking cost of downsizing revealed: Older homeowners stand to lose £29k moving to a smaller home (and stamp duty's only half of it!)
- Mini property boom hits central England with house prices rising three times faster than the national average
- I'm 85 and still have a mortgage, should I pay off that interest-only loan using equity release?
- Stamp duty calculator: How much tax will you pay to buy a home?
- House prices are up £10k since the Brexit vote with the East of England seeing the biggest gains, official data shows
- Scrap stamp duty for first time buyers and bring back the 100% mortgage - or we risk a big city brain drain, says top estate agent boss
- Have we reached property market peak? House price growth stalls with many owners offering reductions to sell, say surveyors
- Stamp duty is making the housing crisis worse as older homeowners stay put to avoid it - and families can't move up the property ladder
- Last chance to grab a cheap mortgage: Race to lock into a bargain deal as Bank warns era of low rates is ending
Latest from Saving & banking
- Hundreds of loyal Nottingham Building Society customers rewarded with £70k windfall - and some will receive a £500 bonus
- Cash Isa rates hit 1.05% – but savers need to act fast as Paragon Bank's online deal is unlikely to last long
- Barclays customers will be locked out of telephone and online banking over part of one weekend a month for rest of the year
- The mysterious case of Barclays closing down a customer's three accounts after she reported a 'strange' payment she'd received
- NS&I launches its first Junior Isa offering 2% interest – but there are more than a dozen accounts with better rates on the market
- Get 20% income boost from top one-year bonds: Abandon the big banks to get a better rate
- Bitcoin soars past $4k after leaping by 332% this year – but is the vaulting cryptocurrency heading for a 'dotcom' style crash?
- Betrayed: Barclays promised this town mayor her branch would not close - it WILL – and we've got the full list of dozens more due to be axed
- Bank of Cyprus UK cuts market-beating easy access account to 1.2% just three days after raising rates
- Loyal savers get boost at new banks: Ford Money edges up its Flexible Saver deal to 1.12%
ANSWERS FROM THE Experts
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- TONY HETHERINGTON: I was cold called by a firm involved in expensive watches and then invested £6k – how can I tell if it’s a share scam?
- Why does NatWest offer overseas customers 25 times more interest on its easy-access savings account than those who live in Britain?
- A fraudster spent £700 worth of my Nectar points in Argos and the scheme still hasn't refunded me, is there a scam going on?
- My daughter and her cousins inherited £10k each in trust - can we tap the funds early to pay university fees?
- ASK TONY: Scottish Power has made a total mess of my billing and is now demanding the baffling sum of £3,755
- Can we get broadband without signing a 12-month deal? We're only renting for three months while we renovate our home
Latest from Holidays
- Who will stand up to the car hire sharks? Holidaymakers are being fleeced but from the regulators there's only shameful silence
- Sneaky travel scams and how to avoid them: Pickpocketing firms AND hardened crooks will lighten your wallet if you don't stay on alert
- Business-class flight searches up 63% this year as holidaymakers consider the extra expense of travelling in luxury
- How to wind down (before you take off): An airport lounge can get your holiday off to a flying start... for a price
- What IS going wrong with BA? IT meltdown, poor service, the end of free food - no wonder loyal customers of 'the world's favourite airline' say it's not what it used to be
- Too good to be true: How we fell for a fake Sicilian villa on Airbnb and paid £4,000 to a fraudster
- Are you unwittingly adding to your holiday spending costs? Beware rip-off fees for paying in pounds abroad
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Currency | Rate | Buy now |
---|---|---|
Updated 22 Aug 2017. | ||
Euro | 1.071 | Buy Now |
US Dollar | 1.2633 | Buy Now |
Australian Dollar | 1.5807 | Buy Now |
Canadian Dollar | 1.5744 | Buy Now |
Chinese Yuan | 8.2408 | Buy Now |
Croatian Kuna | 7.804 | Buy Now |
Czech Koruna | 27.6653 | Buy Now |
Danish Krone | 7.9501 | Buy Now |
Egyptian Pound | 16.27 | Buy Now |
Hong Kong Dollar | 9.8092 | Buy Now |
Hungarian Forint | 321.0417 | Buy Now |
Icelandic Króna | 127.179 | Buy Now |
Israeli New Shekel | 4.4431 | Buy Now |
Japanese Yen | 137.2339 | Buy Now |
Malaysian Ringgit | 6.2624 | Buy Now |
Mexican Peso | 21.7084 | Buy Now |
New Turkish Lire | 4.2924 | Buy Now |
New Zealand Dollar | 1.7168 | Buy Now |
Norwegian Krone | 9.8735 | Buy Now |
Polish Zloty | 4.5004 | Buy Now |
Singapore Dollar | 1.7061 | Buy Now |
South African Rand | 16.5022 | Buy Now |
Sterling | 1.0 | Buy Now |
Swedish Krona | 10.1202 | Buy Now |
Swiss Franc | 1.2132 | Buy Now |
Thai Baht | 41.3378 | Buy Now |
UAE Dirham | 4.6161 | Buy Now |
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Latest: money and Cars
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- Mercedes-Benz follows in BMW's footsteps with £2,000 diesel trade-in deal (but you won't get a discount on a petrol model)
- Rock and roll car: Keith Richards' Ferrari 400i - one of seven bought by the Rolling Stones in 1983 - tipped to sell for £160k at auction
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TOP CALCULATORS
- This is Money's calculators and tools All our calculators in one place. See how they could help you
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- Monthly or lump sum savings calculator How much a regular monthly savings scheme could make or a lump sum could be worth.