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What is an investment trust? Fidelity’s Alex Denny explains 

Investment trusts have been around 150 years and some of them increasing their dividend payments for over half a century. But what are they are what they good for? On this episode of the Big Money Questions show, Alex Denny, head of investment trusts at Fidelity International has the answers. He gives a back-to-basics guide to how they work and how they can be a good way of spreading investment risk.

The insolvency process, called a company voluntary arrangement, will allow the retailer to continue trading while getting rid of its least profitable stores.

Are Argentina and Turkey the first dominos to fall in emerging markets as the strong

NEW The US economy is strong at the moment, and seems set to keep strengthening. This means the Fed will likely have to keep raising rates a fair clip to keep inflation in check, and therefore the dollar will keep rising. As the dollar goes up relative to the domestic currency, their debts therefore effectively grow and become more expensive to service.

EXCLUSIVE: Finbar King, 17, has become the first learner to legally drive on a British motorway by entered the M25 during a driving lesson with an instructor on Monday at 00:01.

Under the new proposals, Virgin Money shareholders would own approximately 38 per cent of the combined group, instead of the 36.5 per cent previously offered.

The latest company to come under This is Money's Startup Spotlight, brix, thinks its loyalty reward scheme could help millennials save up for a house deposit with everyday spending.

All of the Big Six energy giants have announced eye-watering price hikes for customers. Now is the time to take action. Here's a hassle-free way to ensure your bills don't skyrocket.

EDITOR'S DEALS OF THE WEEK
* Sharia-compliant account pays an 'expected profit rate' instead of interest. 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).

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FTSE LIVE: Markets on the rise as trade war fears simmer down

UPDATED Shares have started the new week on the rise as trade war fears among investors simmered down over the weekend. While in the short term we can expect more volatility and a lot of political rhetoric flying back and forth, investors seem to be taking the view that cool heads will prevail in the medium and long term. In companies news Clydesdale and Yorkshire Bank Group has sweetened its offer to acquire rival Virgin Money.

Mini-bonds are a special type of loan which sees companies pay interest to investors in the form of products made by the company, instead of hard cash.

The proposed acquisition would help DS Smith expand into Western Europe, since Europac’s business is concentrated in Spain, Portugal and France.

The firm, which offers cut-price services with an iPhone repair costing around 40 per cent less than at Apple, plans to open 70 shops by the end of 2020.

Thousands of small businesses and millions of shoppers were affected as they were unable to process payments through Visa. Families were forced to abandon trolleys full of food at supermarkets.

Investors should buy shares in British bank note printer De La Rue, says Investec. The firm recently delivered better-than-expected results despite losing out on a contract.

Lotto offer is a clear bet - to be a loser: TONY HETHERINGTON investigates 

I am sending you a mailing I have just received from a recently formed firm called Yourlottoservice UK Ltd offering free entries into the National Lottery. I would like you to clarify if it is a scam.

The managers at Invesco Perpetual Enhanced Income have resigned in a fit of pique after refusing to take a reduction in the fees it draws from the £149million trust.

In an exclusive interview Nathalie Dauriac says that, contrary to his claims, she has emerged the winner, but that her case should be seen as an example of the sexist treatment meted out to professional women.

Start a power surge by switching NOW to a cheaper energy supplier 

Switching to a new deal or a new provider will protect customers from higher bills. Since all of the major suppliers have revealed their price rises, it is a good time to compare offers without fear of jumping from frying pan to fire.

Despite such a daunting challenge many still dream of penning a masterpiece - and embarking on a lucrative and rewarding career. Tracey Waples (pictured) invested £4,000 in a six-month course.

Ediston Property Investment Company prides itself on owning the right sites in the right places and managing them to deliver a consistent and attractive income to shareholders.

'Insuraphobia': the anxiety that stops aerophobia sufferers informing their insurer before

About one in six people are affected by this severe form of flying nerves, yet half of aerophobes still choose to fly, according to analysis from market research group YouGov. We have found that failing to inform an insurer about the condition in advance can mean a claim being denied if a holidaymaker then pulls out of a trip. Jamie Leyshon from Llantwit Fardre, South Wales is a self-confessed aerophobe and lost hundreds of pounds when he was forced to cancel a trip due to the condition.

Monro Jnr, whose father had huge hits in the 1950s and 1960s with Born Free, On Days Like These, From Russia With Love and Portrait Of My Love, took up singing at age 21 after his father died.

Toby Walne has just managed to do what all customers affected by TSB's computer meltdown should try - successfully claim compensation.

Is the £59bn Brits have tied up in Europe safe? Political woes rock economies of Italy and

The Italian stock market rose 1.5 per cent yesterday after the anti-establishment Five Star Movement and League parties agreed to form an administration. Bonds also rallied, sending yields sharply lower, as investors breathed a sigh of relief that the country is not heading for a new election - at least not yet.

The political crisis in Italy rocked markets across the world, with fears a full-blown meltdown in the eurozone would hammer global growth.

The ramifications of the turmoil in Italy have spread across the globe and will affect Britons from big-time investors to anyone building up a pension pot. We explain what's been going on.

Gordon Ramsay's right-hand man becomes a restaurant rival

Stuart Gillies ran Ramsay’s restaurant group until he left in January after more than 15 years with the company. Documents filed at Companies House show that Gillies, a former chef, is sole director of a new restaurant business called Alfa-Zero Limited. A trademark filing made by Gillies last month suggests his new venture could be called Wood & Wood.

Lewis earned a total of £4.9 million in the year to February 24, an increase of 17.5 per cent on his £4.1 million the previous year.

Accounts just filed for the firm, show that it paid out an interim dividend of £71.5 million to shareholders, almost double the £39.3 million paid out for the previous year, to October 31, 2017.

How long does Jeff Fairburn think he can keep his job? The chairman and the chair of the pay committee fell on their swords, but he is still in post.

Ann Gloag, co-founder of transport group Stagecoach, is among a number of wealthy individuals who have invested a combined £6 million in potash venture Emmerson.

Yorkshire chain Buy It Direct puts in bid for Maplin brand

Buy It Direct, one of Britain’s biggest private companies, declined to confirm the value of its offer, but it is understood to be a high six-figure sum. The firm is thought to be the leading bidder.

Lord Howard of Lympne is the chairman of South West Strategic Developments, which has drawn up proposals to build up to 15,000 houses in rural Somerset, next to the village of Sparkford.

Investors in Sir Martin Sorrell's new vehicle, S4 Capital, went ahead without knowing details of his alleged misconduct, because it involved sums of money that were 'immaterial'.

In the last 18 months alone, the fund has doubled in size - a result of inflows from new investors jumping on board and strong investment performance.

Dozens of people who signed up to the RBoS Shareholders Action Group have shared their concerns with us and several have asked Action Fraud to investigate.

Five strange clauses hidden in your travel insurance policy

There are hidden clauses within some travel insurance policies that can catch you out, and leave you out of pocket, if you're not aware of them. This includes, being covered twice - such as if you have a travel insurance policy with your bank account and you've bought a separate one, going on a cruise without the right policy or drinking too much and then trying to make a claim.

Utility Warehouse installed 1,534 pre-payment meters in 2016 to recover debt. Its rate of meters installed under warrant in 2017 was higher than average, Ofgem said.

Christine Whitehurst and Darren Newton have been banned from working in financial firms but neither is being pursued by police over the loss of £7million of customer money under their protection.

Five of the best five star-rated cars

Five-star cars are the darlings of motoring reviewers - and that rating is the ultimate prize for car companies. There is an assumption that you may need to pay top money to get a top-ranked car. But, not so. Here, we've brought together a selection of cars, all of which are five-star rated by What Car?, but all of which cost less than £20,000.

Despite the incredible uptake in agreements in recent years, motorists still widely admit to not knowing the ins and outs of car finance. Here are the ten things they ask the most.

Porsche's all-electric Mission E 600 hp sports car with a top speed of 155mph, blistering acceleration from rest to 62 mph in less than 3.5 seconds, is arriving soon.

Landlords offload almost 4,000 buy-to-lets a MONTH

The number of privately rented homes in England fell by 46,000 last year, the largest reduction since 1988. Tax and regulatory changes mean it is now much more expensive to both buy and run buy-to-let properties than it was two years ago.

The bear market for junior oilers seems to have got to the normally ebullient John Teeling - so much so he is mulling a change of strategy for Clontarf Energy, the company he chairs.

Although not all of Michael Gove's decisions are greeted with acclaim, his announcement last weekend that he plans to create a new wave of national parks appears to be a sure-fire winner.

Trump's tariffs: What are they and how has the world reacted?

Trump's administration last night imposed new trade tariffs on steel and aluminium imports into the US on the EU, Canada and Mexico. Yet China is really at the heart of his anger at an 'unfair' market. Here we explain all the key issues and implications at stake.Canada, Mexico and the EU together exported around £17billion worth of steel and aluminium to the US in 2017, equating to nearly half of the total steel and aluminium imports last year.

Formerly known as Aureus Mining, it changed its name in 2016 following a string of operational and financial problems. It has just reported record production at its New Liberty mine in Liberia.

Britain's funeral sector to be investigated amid soaring costs

Britain's funeral market is to be investigated by the Competition and Markets Authority amid rising costs for cremations and funerals. As part of its investigation, the CMA will examine whether consumers are able to access 'clear enough' pricing information and get a 'fair deal'. Since the CMA's announcement, shares in UK based Dignity , which is one of the biggest funeral providers in the country, have slumped by 14 per cent to 1,054.00p.

Charity Citizens Advice said it had to deal with 235 cases involving investment fraud in the 2017-18 financial year, double the number seen in the previous twelve months.

Should I have inherited some of my husband's state pension?

My husband died in 2001 at the age of 57. I received Widow's Benefit until 2007 when I started to receive state retirement pension. However, I have since been told that I may have been entitled to a portion of my late husband's pension which he would have received had he lived.

The watchdog is proposing massive reforms following a wide-ranging review into the market, including bank overdraft charges, rent-to-own, doorstep lending, catalogue credit and store cards.

In some cases to avoid going into arrears people are taking out more credit, with 9.3 million people using a credit card last year to pay for a households bill.

Property market continues to lose steam as average UK house price falls 0.2% in May, says

The modest monthly drop is the third fall in four months, with the average home now valued at £213,618, according to the latest index by Nationwide. The headline figure is actually a bit higher than April's £213,000, but Nationwide uses seasonal adjustments to calculate the monthly rise or fall.

Kew Gardens 50p coins now sell for nearly £100 online

The Kew Gardens 50p, minted in 2009, have long been sought after by collectors thanks to the rarity factor - a relatively small number of 210,000 coins were put into circulation. This is far smaller than a run of any other circulating coin.

Supermarkets raked in £415m on the Friday May 18, the day before the wedding and the FA Cup final, as shoppers rushed out to buy food and drink.

As traditional funeral costs spiral and demand for cremations rises, the Co-op's new ceremony free cremation service costs £1,395 and slightly less in Scotland, at £1,230.

Sarah Beeny picks Cambridgeshire house for sale as her bargain of the month

Every month TV property star Sarah Beeny picks her bargain of the month, and this time it is a £325k house in the Cambridgeshire village of Milton. It has a large living area with room for a dining table and chairs, two double bedrooms, off-street parking and a private garden. The modern home is only 1.5 miles from the recently opened Cambridge North train station with direct services into London, making it ideal for commuters.

What is straying into the red costing you? As a third of Britons rely on their overdrafts at some point, could switching save you money from high interest and arrangement fees?

SSE, Britain's second biggest supplier, is raising its standard variable tariff and removing a discount for online bills - meaning 2.4million customers will pay an extra £87 a year.

Europe's elite must convince Italians the eurozone is on their side

There's still only a slim chance that Italy would ever ditch the euro, but it has got greater after the events of the past week. There has been no shortage of warnings that Italy is struggling and people are increasingly unhappy, yet five years after populists first grabbed a big share of the vote Italians are even less convinced that the eurozone wants to help them.

Father-of-three finds out he's not eligible for a £65K insurance payout

Vicky and Steven Huddleston took out critical illness insurance to cover their mortgage in the event that one of them became ill. The couple have three children, Amelia, 15, Jude, 12, and Lena, ten, (pictured right) and wanted to be sure they would be able to pay their bills should either of them suddenly be unable to work. So, when Steven, 40, nearly died in January after his heart stopped for 20 minutes, they were grateful they'd had the foresight to prepare themselves.

Obscure loopholes are being used by insurers in the small print of their policies to avoid paying car, home, travel and health claims, our investigation has found.

It's supposed to be one of those run-of-the-mill tasks we all plod through each year, but insuring your home, car or holiday seems to be turning into a hideous game of heads they win, tails you lose.

ASK TONY: EE keeps billing my father more than £200

My father has vascular dementia and has been in a home since March. Two months before this he took out a mobile phone contract as well as broadband and landline with EE. I told EE of his condition and that he was in a home. I was told that if I sent a doctor's letter no cancellation fee would apply. The letter cost me £35. My father was then sent a bill for £215.56, which was then refunded, and they then billed him for it again.

THE PRUDENT INVESTOR: I sold at the worst moment possible! 

Read the first installment of Tony Hazell's new investing column, in which he shares his personal journey through the world of investment. Here he shares how a decision to sell shares at the worst time possible - owing to the need for a bigger kitchen - led him to plunge back into the world of investment.

When will UK interest rates rise?

The Bank of England's Monetary Policy Committee kept interest rates on hold at 0.5 per cent, in spite of forecasts of a 90 per cent chance of a rise just three weeks ago. Policymakers voted 7-2 for a hold, with the two members who called for a rise saying that they believed there were 'upside risks' for inflation.

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?

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.

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

Buy-to-let is much tougher than it once was. A tax crackdown on buying properties and a tax raid on the rental income from owning them has seen to that. But for many Britons the idea of investing in property still appeals, as they trust bricks and mortar and may feel that they can add value to a property. Read our top ten buy-to-let tips

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