The department store revealed that half-year profits were likely to plunge to close to zero, while full-year earnings are expected to be 'substantially lower' than last year. Experts warned the firm's lauded price promise was at the root of the problem as the chain had been forced to slash prices to keep up with budget rivals.
INVESTING SHOW: How to find the best companies - and make sure their shares are worth buying
'It's a question of working out who's got a good business model, who makes a profit, who's borrowed too much money and has a balance sheet that will evaporate at the first sign of trouble.' David Miller, investment director at Quilter Cheviot, and a committed stock picker with decades of experience gives us his tips on buying shares..
THIS IS MONEY PODCAST
DON'T MISS
- Raise rates now or drastic hikes will be needed in the future, warns top Bank of England official MPC's Ian McCafferty says central bank needs to act now.
- Aston Martin reveals its DBS Superleggera - a £225K revival of a Bond favourite that doesn't require a secret agent to hit 211mph Aston menacing.
- Is NS&I; set to slash more deals? State-owned savings bank wants to attract less from savers this year.
- Can my wife claim some of her late ex's pension? They split their assets amicably without going to court but then he died Steve Webb replies.
- Internet giants must do their part to protect us from crooks and fraudsters DAN HYDE.
- Two in five people who regularly withdraw sums from their pensions risk running out of cash Research from insurer Zurich.
- Virgin Money launches one-year fixed savings account offering air miles instead of cash interest - is it any good?
- My wife and I have agreed to divorce but is she entitled to some of my small business? She has not contributed a single penny to it.
- Star fund manager Richard Buxton on why UK shares are undervalued How the economy could 'surprise on the upside', despite lack of Brexit progress.
- Pensions are 'alien', 'unreliable' and give us a 'bad feeling'... - so many people plan to rely on property to fund retirement.
- Modern cars have grown so big that many DON'T fit into Britain's standard parking spaces - and these are the worst offenders Struggling to park? It's not just you!
- Government threatens bosses and employers with jailtime or unlimited fines if they jeopardise workers' pensions
- The 10 cars most likely to be listed for sale under £1k - but some cost THREE times as much to insure for new drivers Grand motors.
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
MARKET REPORT: Office business IWG not showing its best side on market despite being circled by suitors hoping to snap it up
The Regus owner, which has received takeover approaches from private equity firms Terra Firma and TDR Capital as well as US property investors Starwood Capital and Prime Opportunities, fell by 2.81 per cent after a profit warning. The firm said it now expected profit for 2018 to be up to 20m lower than had previously been guided, as its UK business 'is not performing to management expectations'. In an effort to keep its head above water in an increasingly competitive sector, IWG said it would ramp up its growth efforts and spend £230m on new locations as opposed to £200m.
MONEY NEWS & ADVICE
Homebuyers lose their life savings on luxury flats that were never built as millions of pounds vanish and the plots lie derelict
Angelgate, near Manchester, was part of a drive to bring high-end housing to cities in the North. Some 320 buyers handed over £33m but the plot pictured yesterday(bottom right) is an abandoned building site. Among the victims were Gabriel Ward, bottom, who paid a £3,000 reservation fee for his Angelgate flat in January 2015 and Mehdi Sadeghian spent £5,000 to reserve a £150,000 two-bedroom flat.
The search for buy-to-let returns: How to invest in student property
It is still possible to make an investment in UK property profitable - you just need to know what you're doing and be much pickier than before. One increasingly popular approach over the past few years has been to put your money into student accommodation, where investors can benefit from lower house prices in regional cities and towns and higher rents from multiple tenants.
Holidaymakers evicted from Airbnb villas by foreign police: Armed officers are turning up unannounced - and telling terrified Britons their booking has broken local laws
Airbnb, the home-sharing website, is allowing properties to be listed in places such as New York, Singapore, Japan and parts of Spain, where many short-term holiday lettings have been restricted or banned. Tourists are arriving at properties to find 'No Airbnb' signs posted inside the buildings, security guards who want to interrogate them and a hostile reception from other residents.
Can my wife claim some of her late ex's pension? They split their assets amicably without going to court but then he died: Steve Webb replies
During the divorce the assets except his pension were amicably split 50/50. As this was his only income my wife agreed that he could keep the pension. But this was a private agreement and was made without any expectation that he would be diagnosed with cancer and die only a few years later. Does my wife have a legal claim on the pension?
Grand motors: The 10 cars most likely to be listed for sale under £1k - but some cost THREE times as much to insure for new drivers
Everyone remembers their first motor - they're usually old, well used and flirting with the big scrapyard in the sky. These are the 10 models you're most likely to find if you are searching for a car for less than £1k. From top, left to right: Ford Fiesta, Renault Clio, Nissan Micra, Vauxhall Corsa, Renault Megane, Ford Ka.
MORE BUSINESS & MARKETS NEWS
YOUR MONEY ESSENTIALS
Single first-time buyers need over a decade to raise a deposit - and for Londoners it could take 17 years
A single first-time buyer who started saving up for a deposit earlier this year will not be able to buy a home until 2028 in certain parts of England and Wales. To raise enough money for a 15 per cent deposit on a first home, a single first-time buyer will need to save for just over 10 and a half years, new figures by Hamptons International show. With pay packets gradually creeping up and house prices cooling off in areas like London, the amount of time it takes for a single first-time buyer saving up for a deposit to get on the housing ladder has dipped slightly from the 11 year mark seen a year ago.
Four strategies to beat the £8billion 'default' bills sting: How to escape the higher household bill trap - and save £2,000 a year
Millions of households are routinely overpaying or losing out by hundreds of pounds a year by falling victim to the 'default penalty' sting - one that shunts people into poor financial deals and costs £8 billion a year. Households are being caught in four key areas - energy, mortgages, savings and home communications. Here we show how you can escape these traps - and boost your annual household budget by £2,000 by switching deals.
Motorists given a heatwave warning: Driving dehydrated can have the effect of being over the drink drive limit
Scorching temperatures of up to 90F have been predicted this week, which will see Britons bathed in hotter conditions than Tahiti. And this poses a risk to motorists who don't consume enough water, studies have shown. A Loughborough University study showed a similar decline in reactions to being over the drink drive limit.
The £9k Rolex I purchased online is a counterfeit, what should I do? TONY HETHERINGTON investigates
I purchased a Rolex online for £9,000. The seller had arranged payment through PayPal so we were both protected, he said. I called PayPal and it confirmed I would be fully protected if anything went wrong. The watch turned out to be counterfeit and the seller immediately went to ground. PayPal said it had frozen the payment, but demanded proof from Trading Standards or Rolex that the watch was fake. I supplied both, but got no refund.
Zero tolerance: How keying in the number '0' instead of letter 'O' can cost hundreds in parking penalties
Getting the letter 'O' mixed up with number '0' is an easy mistake to make. But get it wrong when using a car parking machine and it can end up costing you hundreds of pounds in fines. Personal trainer Danni Crawford faces such a demand from debt collectors after failing to key in correctly her car registration number on four separate occasions - tapping in a zero rather than the letter O. She says the first she learned about the errors was when details of the fines arrived in the post.
How to keep your pet premiums on a tight leash: Soaring insurance bills mean thousands are ditching cover - but the costs can be controlled
Thousands of pet owners are being forced to ditch insurance for their dogs and cats because of rocketing premiums. Around 12 million households have a pet but as many as eight million are uninsured, leaving them at risk of hefty bills should they have to visit a vet. Here we look at the options available, how to keep costs down and the key facts pet owners need to know about their insurance cover.
Is this building society boss REALLY worth £2.3m a year? If you're a Nationwide member and think that's too much, then vote 'X'
Customers of Nationwide are being urged to vote against the fat-cat pay being enjoyed by the board's 'gang of four' executives at next month's annual general meeting. The call to action has been made by the Building Societies Members Association, a longstanding organisation that passionately believes mutuals such as Nationwide should be run primarily for the benefit of those who own them - savers and borrowers - and not for the personal gain of top executives.
SUNDAY NEWSPAPER SHARE TIPS: PTSG, Sirius Minerals, Bank of Georgia and Serco
We round up the Sunday newspaper share tips. Joanne Hart and her Midas column in the Financial Mail on Sunday takes a look at PTSG, a company that provides specialist services for buildings across the UK and updates on mineral firm Sirius. Meanwhile, the Sunday Telegraph runs the rule over the Bank of Georgia while the Sunday Times delves into outsourcing giant Serco.
Deal or no deal: Mystery shop reveals which car brands are most (and least) likely to knock money off the price of a new motor
The average discount on the list price of vehicles between March and May was £2,581. However, of the 7,500 purchases reviewed, 218 customers couldn't get a single penny off the retail price of a new car. These are the brands providing the most wiggle room and the ones who don't want to haggle on price at all.
EXPERTS' GUIDE TO BUYING AND SELLING YOUR HOME
How to turn your humble home into a hot property: Location, Location, Location stars Kirstie and Phil's tips for buyers and sellers
There's nobody better to ask for advice if you want to sell your home - now or in the future - and would like to get the best possible price than Kirstie Allsopp and Phil Spencer (inset). Allsopp and her co-host on Location, Location, Location have been helping people move since 2000. They give us their tips and Kirstie casts her eye over a selection of houses pictured.
Invest your money in a second holiday home, buy to-let or student digs for your child
There are so many ways to make it work to your advantage through buying property, whether it be a holiday home for you and your family, a house or flat you can rent out, or somewhere for one of your children to live, possibly when they are a student. A holiday home in the sun is possibly the most immediately appealing option, with many places in the Mediterranean still surprisingly inexpensive. Pictured left: This three bedroom semi-deteached villa in Davutlar, Turkey, is £99,950. Bottom right: Various flats are for sale at Bath's Riverside development. Top right: A three-bedroom apartment in this block in Ibiza is selling for £481,000.
THIS IS MONEY'S FIVE OF THE BEST CASH ISA DEALS
Aldermore pays 1.65% AER interest on its two-year fixed rate Isa account. Interest can be paid monthly or yearly. Allows transfers in from other providers, minimum deposit is £500.
Al Rayan pays 1.35% AER on its easy access Isa account. The bank is Sharia compliant and therefore pays an expected profit rate rather than guaranteed interest. Allows transfers in from other providers, minimum deposit is £50.
Charter Savings Bank offers a cash Isa fixed for one year paying 1.51% AER monthly. The minimum opening deposit is £1,000. Transfers in are allowed and the bank offers Portfolio Isas so you can open several accounts within the same Isa wrapper.
Skipton BS offers a rate of 1.35% AER interest on its 18-month fixed rate cash Isa - one of few accounts over the term available. You can open with a £500 deposit and it allows transfers in.
Ford Money pays 1.45% interest on its one-year fixed rate Isa. interest paid monthly at a rate of 1.44%. The provider offers flexible accounts that allow withdrawals without affecting your annual tax-free allowance. It requires a minimum deposit of £500.
GUIDES: HOW TO SAVE MONEY AND MAKE MONEY
WHAT YOU NEED TO KNOW ABOUT YOUR MONEY?
What next for interest rates? The 'dead certain' hike that never arrived - Bank holds at 0.5% but door left open for an August move
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.
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
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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BASE RATE RISE: TOP NEW SAVING RATES
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2.04%
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Coventry
3.50%
Junior Isa
Bank of Cyprus
1.32%
Standard
Tesco Bank
1.25%
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THE INVESTING SHOW
- What you need to know about global funds - and finding the world's best places to invest
- When is a good time to start investing - and how can you cut the risks?
- What you need to know about crowdfunding, peer to peer, and Innovative Finance Isas
- How to invest in retirement and avoid the pitfalls that could see your pension run out: The Investing Show Live
- Tips to invest your Isa - and what to think about if you're worried about market falls
- Why now is the time to invest in Vietnam
- Get a 4% dividend from the future of medicine: International Biotechnology Trust manager
- Asia's best companies can deliver for the next 20 years - we speak to the top emerging markets fund manager
- Where are the best places to invest in 2018 - and will UK shares be one of them?
- How to find cheap shares: Fidelity Special Situations value investor Alex Wright gives us his tips
- Buy unloved banks, not expensive beer - how to invest for higher inflation
- 'You can't beat the market, so profit from being a passive investor', says Lars Kroijer
- How to invest for income and growth: Tips from dividend hero Brunner's manager
- How investing like Buffett in the UK paid off: The Buffettologist's guide to winning shares
- You get 30% tax relief and tax-free dividends but should you invest in a VCT?
- As house prices slow and tax hikes bite, is buy-to-let still worth doing?
- 'Private investors have an advantage': Gervais Williams's tips to pick the best small company shares
MOST READ MONEY
- Business owner whose pot is STILL £15,333 after 12 YEARS urges fellow savers to join his campaign for fair treatment Are you stuck with a frozen pension?
- Single first-time buyers need over a decade to raise a deposit... - and for Londoners it could take 17 years.
- The search for buy-to-let returns: How to invest in student property Sponsored
- Four strategies to beat the £8bn 'default' bills sting How to escape the higher household bill trap - and save £2k a year.
- Demand for additive-free and organic pet food rockets as healthy eating craze spreads to animals Market worth £430m a year, according to Sainsbury's.
- There is NO Brexit dividend now firms are taking flight RUTH SUNDERLAND on the Chancellor's Mansion House speech.
- The roof falls in on housebuilders as fears around interest rate rises grow Down £3.6bn in TWO WEEKS.
- Beleaguered House of Fraser calls on lenders for an extra £50m as it continues with overhaul Closing more than 50% of stores.
- Is this building society boss REALLY worth £2.3m a year? If you're a Nationwide member and think that's too much, then vote 'X'.
- An exceedingly bitter battle over the top job at Mr Kipling firm Investors call for a new boss.
- HBOS fraud - now bank chiefs face the wrath of MPs Two former directors are likely to be questioned over exactly what they knew.
- 'Help us speed up Britain's mobiles... or you may land in court' O2 chief sends out a powerful message to BT bosses.
- SUNDAY NEWSPAPER SHARE TIPS PTSG, Sirius Minerals, Bank of Georgia and Serco
- How to keep your pet premiums on a tight leash Soaring insurance bills mean thousands are ditching cover - but the costs can be controlled
- Do you want to live beside the seaside? Sandbanks and Salcombe named priciest spots to live by the coast - but values have dropped substantially in the last year
- Why the super-rich are investing in wine... But that doesn't mean you should take this risky bet too
- Volvo's electric dream RAY MASSEY checks the new S60 hybrid saloon with 28 mile range in electric-only power
- We must fight speculators who hijack the market Says Britain's best-known fund manager Neil Woodford
- Novice trader accidentally makes £9m after his practice account turns out to be real But now the broker's refusing to pay
- Deal or no deal Mystery shop reveals which car brands are most (and least) likely to knock money off the price of a new motor
- Death of the digital camera Dixons takes cameras off its shelves as shoppers use mobiles to take photos
- How to make sure your child car seat is right A guide to everything you need to know about safely securing your children
- Renters will pay a MILLION pounds more than homeowners over the course of a lifetime We reveal where tenants are worst off
- The 1962 Ferrari 250 GTO set to become the most expensive car to sell at auction ...but the $45 MILLION price tag could be a bargain
- Would you pay more tax to save the NHS? Listen to the This is Money podcast
STEVE WEBB ANSWERS YOUR PENSION QUESTIONS
- I used to work at a care home that went bust, so how do I track down my pension?
- Help! I put my husband's name first on child benefit form and lost some state pension
- Should I have inherited some of my husband's state pension after his death?
- Before their marriage my sister's husband nominated his work pension death benefits to go to his mum: if he dies who will get it?
- Why won't I get a full state pension even though I paid National Insurance for 38 years?
- What happens to my state pension if my husband moves into a care home?
- How do I set up a pension from scratch?
- I work part-time, care for my disabled husband and pay the 'married woman's stamp': What state pension will I get at retirement?
- My state pension was just 11p a week! It went up when my husband retired, but should my years as a mother count too?
- Investing my pension pot at retirement sounds risky - can I just put it in cash?
- Multi-million pound overhaul after Never Knowingly Undersold pledge wipes out profit: John Lewis punished...
- A motorist is caught speeding in the UK every 75 SECONDS - these are the limits you're most likely to get...
- Beware the Amazon fraud trap: John and Dell were charged £195 for an item they didn't order - their fight...
- INVESTING SHOW: How to find the best companies - and make sure their shares are worth buying
- Raise rates now or drastic hikes will be needed in the future, warns top Bank of England official
- John Lewis warns that profits for first half of 2018 will fall 'close to zero' as it swings the axe on five...
- PRUDENT INVESTOR: Find a hidden gem and wait? No thanks, I'm going to be a momentum investor and try backing...
- House prices are rising at the slowest pace for five years - but homes still cost £10,500 MORE than a year...
- MARKET REPORT: Office business IWG not showing its best side despite being circled by suitors hoping to snap...
- HAMISH MCRAE: Anyone pondering future of post-Brexit UK can find some clues in sort of companies that are...
- Hedge funds pressuring regulators to force 21st Century Fox into raising its bid for Sky
- Struggling van hire company Northgate under pressure to sell profitable Spanish division
- GROUNDED! Stelios’s Easyjet of Africa set to go out of business after running out of cash
- Trade union officials claim crisis-hit bank TSB ignored warnings from its own staff that pressing ahead with...
- Homebuyers lose their life savings on luxury flats that were never built as millions of pounds vanish and...
- John Lewis warns that profits for first half of 2018 will fall 'close to zero' as it swings the axe on five Waitrose stores
- A motorist is caught speeding in the UK every 75 SECONDS - these are the limits you're most likely to get fined in
- As crises hit House of Fraser and Debenhams, and even John Lewis falters: Are department stores set to follow BHS into extinction or do some have a shot at survival?
- House prices are rising at the slowest pace for five years - but homes still cost £10,500 MORE than a year ago
- Multi-million pound overhaul after Never Knowingly Undersold pledge wipes out profit: John Lewis punished for price promise
- FTSE CLOSE: Footsie climbs as trade war fears subside; John Lewis warns on profits and reveals Waitrose closures; Whitbread hit by tough UK trading
- INVESTING SHOW: How to find the best companies - and make sure their shares are worth buying
- Hedge funds pressuring regulators to force 21st Century Fox into raising its bid for Sky
- GROUNDED! Stelios’s Easyjet of Africa set to go out of business after running out of cash
- Costa Coffee sales hit by UK high street slowdown as Whitbread readies the chain for separation
- MOST READ IN DETAIL
Big Money Questions
- Worried about plastic in the ocean and cars polluting? How to invest to help the environment - and earn good returns
- How can you get the maximum enjoyment from the money you have? Ad man Rory Sutherland shares his offbeat tips on being a savvy spender
- What exactly is an ETF? We explain exchange traded funds, why investors like them and how they work
- Why you should be WORRIED if your whole portfolio is rising: Here's why you should hold investments you hope to lose money on
- Does tax have to be so blooming complicated? Office of Tax Simplification boss Angela Knight reveals if a red-tape bonfire is realistic
- What is sustainable investing - and does it mean conventional investing is not sustainable?
- How to get the money you need for the lifestyle you want: Entrepreneur and multi-millionaire Rob Moore shares his tips
- What is a bank and can anyone set one up? Founder of Metro and Atom Bank Anthony Thomson answers
- What's the outlook for gold in 2018, how can you buy it and is BITCOIN a good substitute?
- What is a dividend? We explain how they can make you richer, how they work and why you might be getting them without even realising
- Can you live a champagne lifestyle on a lemonade budget? Multi-millionaire property investor Mark Homer thinks you can and tells you how
- What is an Isa? We explain what they do, how to pick the best one for you and how they can make you richer
- Will artificial intelligence become cleverer than humans? We look at what it would mean for our jobs, planet - and how we need to prepare NOW
- Will economists be able to see the next financial crisis coming? They didn't see the last one...
MIDAS SHARE TIPS
- MIDAS SHARE TIPS: Making buildings safer is a sure bet for PTSG's growth as bosses look to triple its size within a few years
- MIDAS SHARE TIPS UPDATE: Buy into mineral firm Sirius led by a miner celebrity
- MIDAS SHARE TIPS: Ashoka India Equity Investment Trust offers a chance to branch out in a growth economy
- MIDAS SHARE TIPS UPDATE: BT has been a dog... but at least it's ringing the changes
- MIDAS SHARE TIPS: Lithium could power your portfolio with the rise of the electric car - and Savannah is mining it in Portugal
- MIDAS SHARE TIPS UPDATE: Uranium miner Berkeley Energia digs in before a nuclear boost
- MIDAS SHARE TIPS: The shops that ring up shareholder returns with Ediston Property Investment Company
- MIDAS SHARE TIPS: How Arrow Global which provides relief for debtors can help investors
- MIDAS SHARE TIPS: Power firm Drax might energise your share portfolio
- MIDAS SHARE TIPS UPDATE: Hold on until M&S fortunes revive (although they've been predicting that since 2001)
- MIDAS SHARE TIPS: Wake up and smell the opportunity with Brazil-based Harvest Minerals
- MIDAS SHARE TIPS UPDATE: Investors are beaming as Satellite Solutions Worldwide's shares double in price
FUND AND TRUST IDEAS
- BRUNNER INVESTMENT TRUST: 'We may look like two cautious females but we are very active,' say fund board members
- JPMORGAN ASIAN INVESTMENT TRUST: 6,000 miles apart... but the investment marriage between these two managers works
- SCOTTISH AMERICAN INVESTMENT COMPANY: Four decades of growing dividends and the Saints are still marching in
- SANLAM GLOBAL HIGH QUALITY: Pieter Fourie's fund has doubled in size in the last 18 months alone
- FIDELITY JAPAN INVESTMENT TRUST: Boss Nicholas Price says his job is to 'turn over enough stones to find a pearl'
- AURORA INVESTMENT TRUST: How new kids on the block at Phoenix are helping fund to shine again
- JPMORGAN AMERICAN: Staying on track, the £1bn trust built on the rail roads of America
- INTERNATIONAL BIOTECHNOLOGY TRUST: How investors can get a brew of dividends and the future of medicine
- PICTET NUTRITION: The laid-back fund that's using improving food quality to boost performance
- TEMPLETON EMERGING MARKETS INVESTMENT TRUST: New team aims for growing markets 'sweet spot'
- WITAN INVESTMENT TRUST: Andrew Bell conducts an orchestra of managers creating investment harmony
- UTILICO EMERGING MARKETS: Trust set to make monopoly money from Asian airports
Latest: Mortgages & home
- House prices are rising at the slowest pace for five years - but homes still cost £10,500 MORE than a year ago
- Homebuyers lose their life savings on luxury flats that were never built as millions of pounds vanish and the plots lie derelict
- Online estate agent Purplebricks ordered to come clean about fees buried in small print
- Single first-time buyers need over a decade to raise a deposit - and for Londoners it could take 17 years
- Renters will pay a MILLION pounds more than homeowners over the course of a lifetime - and we reveal where tenants are worst off
- Property asking prices hit a fresh record of £310,000, as sellers cash in on buyers hunting limited homes for sale in the North
- How to avoid the pitfalls of buying a home abroad: From legal wrangles to currency worries, the eight things you must consider
- From setting up a home reversion plan to booking a lifetime mortgage: The key to unlocking cash from your home revealed
- Home-seekers routinely misled into buying new-build leasehold houses with extortionate fees and ground rents attached, Which? reveals
Latest from Saving & banking
- Is NS&I set to slash more deals? State-owned savings bank wants to attract less from savers this year
- Virgin Money launches one-year fixed savings account offering air miles instead of cash interest - is it any good?
- Lloyds Bank and Bank of Scotland slash current account interest for Club Lloyds and Vantage customers - so should you switch?
- Is this building society boss REALLY worth £2.3m a year? If you're a Nationwide member and think that’s too much, then vote 'X'
- The 5% savings rate trick: Best high interest-paying current accounts to make your money work harder
- Top one-year deal for fixed-rate bonds at 2.05% with Atom Bank - but you must open and run account through an app
- Why cheap loans punish savers: Two UK building societies cut rates in order to keep costs down for borrowers
- A second cash Lifetime Isa finally arrives as Nottingham BS helps first-time buyers earn a 25% savings boost
- The building society boss on banker money: Nationwide chief gets £595 in perks a day - that's on top of his £855k salary, £903k bonus and £342k pension
- Does your child have a forgotten £1,000 nest egg? How to track down old child trust funds given to 6million youngsters born between 2002 and 2011
ANSWERS FROM THE Experts
- ASK TONY: NatWest wants me to sort out £40,000 worth of debt racked up by my ex-husband
- ASK TONY: I paid £100 into a Santander cash machine – and then it went missing
- TONY HETHERINGTON: You really DO need legal cover for a cruise on a TUI ship
- TONY HETHERINGTON: Why has Sainsbury's linked a 0% interest loan to my credit card?
- ASK TONY: Farcical Virgin Media can't decide if I'm deep in debt or owed hundreds of pounds!
- I'm worried about job losses at my company, can I be made redundant while I'm on maternity leave?
- Is now a good time to take a lifetime mortgage? I want to release some cash from my home next year but am worried rates will rise by then
- Why is my neighbour able to download films at a much faster rate than I can?
- TONY HETHERINGTON: Scottish Power broke into our British Legion's flat over a previous tenant's unpaid bill and took 51 weeks to pay a £129 refund
- Can I get broadband without a landline? I only ever use my mobile, so I'm paying for something I don't want
Latest from Holidays
- Travel insurance to get easier to find for cancer sufferers and those with long-term illnesses, as investigation flags major problems
- Holidaymakers evicted from Airbnb villas by foreign police: Armed officers are turning up unannounced – and telling terrified Britons their booking has broken local laws
- Compare the best money transfer exchange rates in THREE easy steps
- Four in five holidaymakers in Sweden pay by card but nearly all in Cambodia use cash: Holiday spots where cards and cash are most popular revealed
- Why airlines can stop you flying due to a tummy upset hours earlier: Ron had to pay £352 to rebook – even though he'd been cleared for take-off
- Airlines told to pay up for delays with passengers able to claim up to £520 if they’re delayed on connecting flights outside the EU
- How to make sure your gap year or career break doesn't end up as a travel disaster for your finances
- Ryanair hikes fees for priority boarding - which passengers need if they want to take a suitcase in the cabin
- Scared of flying? You could be left out of pocket if you fail to tell your holiday insurer
Currency | Rate | Buy now |
---|---|---|
Updated 28 Jun 2018. | ||
Euro | 1.11 | Buy Now |
US Dollar | 1.285 | Buy Now |
Australian Dollar | 1.749 | Buy Now |
Canadian Dollar | 1.714 | Buy Now |
Chinese Yuan | 8.426 | Buy Now |
Croatian Kuna | 8.117 | Buy Now |
Czech Koruna | 28.49 | Buy Now |
Danish Krone | 8.274 | Buy Now |
Egyptian Pound | 16.27 | Buy Now |
Hong Kong Dollar | 10.08 | Buy Now |
Hungarian Forint | 359.1 | Buy Now |
Icelandic Króna | 132.8 | Buy Now |
Israeli New Shekel | 4.623 | Buy Now |
Japanese Yen | 141.4 | Buy Now |
Malaysian Ringgit | 6.2624 | Buy Now |
Mexican Peso | 25.13 | Buy Now |
New Turkish Lire | 5.916 | Buy Now |
New Zealand Dollar | 1.889 | Buy Now |
Norwegian Krone | 10.46 | Buy Now |
Polish Zloty | 4.775 | Buy Now |
Russian Rouble | 70.96 | Buy Now |
Singapore Dollar | 1.751 | Buy Now |
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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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