Updated: 10:56 EDT

Housebuilding barons sell shares worth £300m

Upmarket housebuilder Berkeley Group's founder and chairman Tony Pidgley (pictured) has sold £65million of shares in the last 12 months, while chief executive Rob Perrins has cashed in £37million. Steve Morgan, founder and chairman of Redrow, sold shares worth £76million in September last year. His charity, to which he gave away more than £200million in Redrow shares, also sold shares worth £76million. Countryside Properties chief Ian Sutcliffe last week joined the selling spree by offloading nearly £6million of shares.

Only an estimated 5-10 per cent of people leave estates sufficiently large to make their beneficiaries liable for inheritance tax , sparking criticism that a Care Isa would only help the wealthy.

How do I save money on train tickets?

Rail passengers face a hike in fares of up to 3.2 per cent from January - but there are ways to fight back. Writing to your MP or joining a passenger campaign group are ways to vent frustration - though being canny with how you buy your tickets is the best way to beat the financial pain of the impending rise.

* No FSCS protection, instead covered by French deposit guarantee scheme. 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).





MIDAS SHARE TIPS: Drax can put the fizz into pints... and portfolios 

Drax owns Britain's largest power station, located in North Yorkshire. This month it announced plans to start a trial into Bioenergy Carbon Capture and Storage. The project - the first of its kind in Europe - could make the renewable power that Drax generates at the site carbon negative. What does this have to do with beer drinkers? It is estimated that a ton of carbon dioxide could be captured and stored every day under the trial. That's enough to produce bubbles for 32,000 pints of beer a day. It's a fraction of the ten million pints of beer served across the nation every day, but every little helps.

Standard & Poor's and Moody's this weekend downgraded Turkey's debt deeper into 'junk' status, and warned of a 'hard landing' for the economy.

Ukrainian billionaire Victor Pinchuk is understood to be behind an investment vehicle called Kelda that has bought 24 per cent of Regal Petroleum.

Gem companies including De Beers have appointed a tech guru to run a digital ledger that ensures their sparklers are not fakes or blood diamonds.

Two influential shareholder adviser groups have raised red flags over corporate governance issues at London-listed Atlas Mara , a bank Diamond set up to focus on Africa.

This week, Midas tips Drax, the Sunday Times looks at PureTech, and the Telegraph assesses the prospects of investment trusts with significant overseas holdings.

Insurers are hiking up premiums with a raft of 'add-ons' 

Premiums for add-ons are cleverly pitched at a low level so as not to deter buyers from making the final purchase. Such policies are a huge money spinner for insurers. Direct Line revealed earlier this month it pockets almost £6million a year from selling legal cover add-ons to home and motor customers.

A former submarine scientist, George Bathurst, wants to connect the train lines running through Windsor by building a new stretch of tunnel under the Royal Berkshire town.

Two years ago, Pension Ministers promised a cold-call ban, but this has not yet materialised. Just get on with it. The fraud figures show savers do not have the luxury of waiting any longer.

Why has NO ONE acted to bring RBS action group's kingpin to book?

An Irishman called Gerard Walsh with a documented record of fraud and deception co-founded the Royal Bank of Scotland Shareholders Action Group in 2009. The action group portrayed itself as a public-spirited organisation that would lead an army of aggrieved small investors in a battle for compensation from RBS. So when the action group won a £200million settlement last summer, it seemed like a cause for celebration. In fact, it was the start of a new nightmare for investors.

For-profit operations should be banned from calling themselves an 'action group' - the name has overtones of public interest and charity, says Ruth Sunderland.

House of Fraser was bought out of administration by Sports Direct, but how will its pension scheme members be affected? This is Money columnist Steve Webb explains.

MIDAS SHARE TIPS UPDATE: Play your hand right with Card Factory

Card Factory 's interim results are not due until September, but it has already indicated a profits downgrade. A trading update this month warned that like-for-like sales at the greetings card retailer were down 0.2 per cent in the six months to July 31. The news spooked investors and shares tumbled 10 per cent from 196p to 177½p in the following days.

RBS is still part-owned by the Government, but this stake is steadily falling. This month the bank announced its first dividend since its near-collapse.

Shareholder perks have taken off in Japan as companies attempt to attract the ordinary investor. Michael Lindsell of Lindsell Train Japanese Equity has seen the benefits of these changes.

Petrol prices soar to a four-year high despite cost of oil falling

Millions of families will be 'hammered' by petrol prices as they surge to a four-year high. Petrol has hit 129.71p per litre, the highest price since August 2014, meaning it now costs almost £71.50 to fill up a typical family car - with this figure soaring to £80 at some motorway service stations.  The price surge comes despite the price of oil falling since June from $80 to close to $70 a barrel. 

The classic Goodwood Revival (pictured) celebrates its 20th anniversary of stepping stylishly back in time - and there are still some last-minute tickets to be had.

The former glamour model's decision to have her expensive Range Rover sprayed in Barbie pink has devalued the vehicle by at least £3,000, according to experts.

Planning application postcode lottery mounts as London's wealthiest get the most approvals

London's wealthiest homeowners are more likely to have their planning applications approved than those living in cheaper boroughs, new findings suggest. Homeowners in certain boroughs with properties valued at £1million or more have a better chance of getting their applications pushed through than those with homes in boroughs where the average cost of a home is £500,000 or less. The City of London, which has an boasts an average property price of over £800,000, has been found to be the London borough where planning applications are most likely to be given the green light, online architectural group said.

Rapidly changing lifestyles are affecting our High Streets dramatically. It's bad news for business but might it be good news for homeowners.

Hammond should consider a transactions tax for everyone - maybe one that links sales to geographic area where the products are bought - and consider scrapping business rates altogether.

The telecoms giant said bills for the 'significant majority' of customers would rise by between £2 to £4 a month, with average hikes standing at around £2.40, excluding VAT.

We exchanged contracts then a water leak left us with a £45k bill

James and Daisy Callahan were left with £45,000 worth of damage to their new home following a massive water leak - before they had even finished buying the property. Without insurance cover, the young couple were forced to rent another house, paying two lots of council tax on top of their mortgage, in order to put a roof over their child's head.

I can only see one way to starting to solve this problem. All commuter lines should be pulled under public organisations such as Transport for London, or other cities' equivalents.

It's never been easier to invest around the world, but still many people shun investing for the low returns of cash. But why should they invest and how can you do it easily.

Should you buy a used electric car and what to look out for if you do

A new survey found that 76% of us would consider a used electric vehicles, compared to just 63% who would purchase a refurbished laptop and 45% who'd have a hand-me-down smartphone. We reveal what to look out for if you're tempted.

Consumer group Which? has put 61 new diesel cars through their paces since the start of last year. All of these comply with the latest official 'Euro 6' emissions standards.

This Chinese car market's incredible rate of growth in recent years could soon see these models filtering into our showrooms, say senior representatives at Jaguar Land Rover and Volkswagen.

How do I sort out my pension so I have enough money in retirement?

Aegon has created a checklist guide to sorting your pension, after its latest research found one in three women are unsure how much they have saved, compared to one in five men. 'Many women are burying their heads in the sand,' said head of pensions Kate Smith. 'Everyone should think ahead to retirement, regardless of their age or gender.'

MAGGIE PAGANO: Tesla's woes continue and the board should shoulder some of the blame

Elon Musk was not smoking weed when he sent his infamous tweet announcing Tesla was to be taken private at $420 a share - a move which caused such a high in the markets. It also sparked rumours the electric car boss was under the influence of the drug because the number 420 is code for smoking marijuana in West Coast argot. Rather Musk says he chose 420 because he wanted to offer a 20pc premium over the stock price - which was $419 - and rounded it because it seemed like 'better karma'.

Possible bidders for the 58.7 per cent stake in Iron Ore Company of Canada include ArcelorMittal and Teck, Sky News reported.

Accountants were in line to collect more fees the more workers they were able to persuade to change their pension benefits, the accounting watchdog said.

RBS bankers joked about crashing the US housing market

A top executive in the bank's US division revealed it had sold a bundle of 'total f***ing garbage' sub-prime mortgages to investors but disguised the loans to 'look ok'. Bankers also likened mortgage trading at RBS to 'organised crime' and discussed 'fraud that was so rampant'.

Sales were up 10 per cent in host nation Russia, while the hot weather also boosted demand, especially in China, for its premium wheat beer Kronenbourg 1664 Blanc.

Mike Hughes, 52, used a string of UK and offshore companies and bank accounts to steal £6.9million in taxes deducted from workers' wages, through fraudulent payroll schemes.

How to beat a weak pound: Top tips to save money when spending abroad

The pound hit a 13-month low against the Euro this month as Brexit uncertainty continues to bite. But while the pound in your pocket doesn't stretch as far as it used to there are a few ways holidaymakers can claw back some of the losses. We reveal the tricks to beat the bad exchange rate when heading abroad.

House of Fraser, which has seen 'significant delays' with delivering online orders, said it had wiped all those that had not already been sent to customers and would be issuing refunds.

On paper football might appear an unwieldy investment, characterised by astronomical transfer fees and player wages. But there is money to be made here.

House price growth slows to its lowest rate in five years as market continues to cool down

Average house prices across the UK grew at 3 per cent in the year ending in June - the slowest rate since August 2013, figures released by the Office for National Statistics today who. And in London house prices actually fell by 0.7 per cent - the biggest tumble since September 2009 when the country was reeling from the global financial meltdown. But house prices in the capital are still some of the highest in the world with the average home costing £477,000. London's property market has long been seen as a safe investment, fuelling a massive rise in prices partly driven by big-money foreign investors. The news will alarm house buyers who have recently taken out hefty mortgages to pay for their properties. But the news will be welcomed by Millennials and other people who have not been  able to get their foot on the property ladder as prices have sky-rocketed.

Prices in London are falling at the fastest pace since the financial crisis - but the declines are not limited to the capital. Houses are also losing value across the North East as well.

Councils must be forced to release more land and fund housing schemes. Planning regulations in and around the green belt, introduced for a post-war era, must be torn up.

THE PRUDENT INVESTOR: Forget banks' savings rates - I earn 6.8% from their shares 

Interest on my Nationwide Loyalty Isa and Loyalty Saver accounts is to rise from 1 per cent to 1.1 per cent. Chief executive Joe Garner knows about rewards - we recently calculated that his job perks last year were worth £595 a day. Nationwide savers would need £54,000 in a 'loyalty' account to earn that amount in a year. This is why, if we want a decent income and the possibility of protecting our savings against inflation, we must turn to shares.

The onus is on you to find out if you have been short-changed by trawling through notices in branches, adverts in newspapers, lists of rates on websites, or by ringing a helpline.

Why a holiday insurer may refuse a claim even if thieves break into a villa

Alison Smith-Squire and husband Keven (pictured) had a total of £2,000 in valuables stolen from their rented Spanish villa, including a camera and headphones. They called straight away to report the burglary to the police and esure. The police gave them a written report in Spanish and a crime number for esure. However, two months later esure rejected their claim, pointing out a tiny clause buried in their 82-page, 40,000-word policy booklet.

Lloyds Bank's popular flights reward scheme, which is used by hundreds of thousands of customers, is being overhauled.

Under EU rules, holidaymakers are entitled to up to £536 in compensation if they arrive at their destination more than three hours late.

ASK TONY: Amazon charged my late husband an extra £79 for nail clippers 

In July 2016, my husband bought some nail clippers from Amazon on his credit card for £9.99. On August 3, £79 was also taken from his account. We could not understand why - we had never dealt with Amazon before. He had to go into hospital shortly afterwards and died on November 8. All his bank details were cancelled. I have tried to claim this £79 back with phone calls, but Amazon says it will only refund against his credit card.


The taxpayer-owned bank came bottom of tables published by the Competition and Markets Authority today, based on a survey of personal and banking customers.

When you make a payment, banks currently use the person's account number and sort code to identify where to send money. If you get one digit wrong, funds may go astray as a result.

The 63p pension that shows annuity holders MUST be allowed to cash in

Steve Richardson, right, Robert Dickson, left, and Vivienne Salsbury all receive a paltry income from annuities that they cannot cash in. Steve made one payment into a private pension he set up in the early Nineties with Target Life when he was in his 40s working as a sales manager. He says he forgot about it and it was later frozen.

Businesses grappling to advertise their wares to the biggest audience possible often harness the popularity of social media stars to promote their latest must-have item.

Heartless pension sharks loot £91k on average from elderly victims, say watchdogs

Financial watchdogs have launched a new TV, radio and social media campaign to highlight common fraud tactics and explain what to do if you are targeted. The ads show the heartbreaking consequences of a pension scam for a fictional couple, and contrast this with the glamorous lifestyle being enjoyed by criminals at their expense.

Credit card interest is on the up, with the cost of the average APR 1 per cent higher than a year ago. Here's five traps you need to avoid to make sure you don't get charged

How to hire the best candidate for your business

The need to hire talent is a good indication that your business is scaling up, but entrepreneurs looking to make new additions should proceed with caution. Making a dud hire could inhibit your firm's growth and firing an employee can be a headache as you'd have to dedicate even more time and resources to that and finding a replacement. We get a top recruiter's tips.

While there was a decline in movers and first-time buyers, remortgaging in June was 8.4 per cent up, suggesting more homeowners were locking into new deals in the run up to the rate rise.

The 2003 hit single - which went to number 2 in the UK charts - included the line: 'I drive my Mini Cooper, And I'm feeling super-duper, Yo they tell me I'm a trooper, And you know I'm satisfied.'

I loaned my son money for a flat, but how do I stop his girlfriend taking half my cash?

My son's partner has informed him that, as she has been paying half the bills she wants her name on the deeds. If they split up she would be entitled to half the proceeds of any sale of the property. I could possibly lose half of the money I have lent my son. Would it be possible to get a legally binding document written up, so she hasn't got a claim on the property until I have received all my money back? Lawyer Michael Prendergast replies.

The scam appears to come through a text message thread bearing a link to Nectar's log-in page that looks like it really is from Nectar.

The waiting time for calls to Action Fraud is typically 11 minutes and 8 seconds, according to a report. In comparison, the HMRC takes 4 minutes and 42 seconds on average to answer calls.

Ticketmaster to axe resale sites Seatwave and Get Me In

Ticketmaster's two sites allow people to offload unwanted tickets to concerts but have been exploited by touts who snap up tickets and list them for far more. It will launch a new service allowing fans to sell for face value or less - but add its own 15 per cent charge. Artists including Adele, pictured, Ed Sheeran and the Arctic Monkeys have been critical of the practice in recent times and tried to stop their tickets being resold.

Nearly half of independent retailers blamed the lack of a local bank branch for poor trading - and a significant third of owners said they are considering shutting up shop to go online.

Paul McCartney's 1965 Mini Cooper S DeVille and John Lennon's 1979 Mercedes-Benz 300

McCartney's Mini is one of four ordered for each Beatles member by band manager Brian Epstein in 1965 while Lennon's Mercedes was used to transport master tapes of his last album, 'Double Fantasy' and was in his ownership when he was killed in 1980.

Holidaymakers exchanging £500 at the Post Office yesterday received 4,091 lira compared with the 2,174 lira they would have got a year ago.

The study looked at 140 cities from around the world and scored them on stability, healthcare, culture and environment, education and infrastructure with the Austrian capital top.

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?

Each week we pick out our favourite financial deals to slash your outgoings and make your money stretch further. This week it's savings accounts, a top travel credit card and best-buy mortgages.

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: Essential advice for property investment

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

Premium Bonds Winners

Prize Area Value of bond
£1,000,000 Outer London £5,000
£1,000,000 Outer London £10,000
£100,000 Wales £100
£100,000 Suffolk £5,000
£100,000 South Scotland £2,000
£100,000 Dorset £10,000
£100,000 Inner London £3,000
£50,000 Outer London £10,000
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