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MIDAS SHARE TIPS: Is it time to swap your M&S shares for a High Street rival?

On February 27, Marks & Spencer announced it was joining forces with online retailer Ocado – acquiring half its UK business for up to £750million. M&S; said back then that the deal would be largely financed by a £600million rights issue and that this year’s dividend would be cut. On May 22, both events duly came to pass. Alongside yet another set of disappointing full-year results, chief executive Steve Rowe unveiled a 26 per cent cut in the dividend to 13.9p and a one-for-five rights issue at £1.85.

Industrialist Sanjeev Gupta is working on a sensational rescue bid for British Steel after being encouraged to step in by Ministers who want to seal a deal within weeks, The Mail on Sunday can reveal.

Tom Blomfield, the 33-year-old do-it-all bank boss who wants to file your tax return

Monzo may well be the most popular bank that you've never heard of. Only four years after it was founded as a basic pre-paid card - the digital bank has reached the two million customer mark, having attracted an almost cult-like following. That has made it by some stretch the most popular new 'challenger' bank trying to break the hegemony of the giants: Lloyds, Barclays, RBS and HSBC.

Fraudsters looking to mimic the taxman by imitating phone numbers to scam taxpayers out of money could find it more difficult, with HMRC announcing they are cracking down

The internet is now awash with money-grabbing 'copycat' websites ready to trap the unwary into paying as much as £42 to fast track their National Insurance application.

'I received a cold call from a Mr Stuart Walker, then a letter claiming to be from Infinity Capital Markets. I suspect this is a scam and have given Action Fraud full details'.

Judging by the comments of readers who replied to my comments 7 days ago, the rush towards a transactional world devoid of cash is well on its way

EDITOR'S DEALS OF THE WEEK
For current account rewards and interest conditions may apply eg. using provider's full switching service, min deposits and direct debits. For savings, access maybe limited, min/max deposits may apply. See T&Cs. Representative example: If you spend £1,200 at a purchase interest rate of 18.95% p.a. (variable) your representative rate will be 18.9% APR (variable).

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'Business rates are out of sync with reality': River Island is the latest retailer to

Clive Lewis, the chairman of fashion chain River Island, is the latest boss to demand reform of the discredited business rates system. He has added his voice to that of prominent retailers who have spoken out, including Tesco chief Dave Lewis and Sebastian James, the boss of Boots. River Island, which has 300 stores and employs around 10,000 staff, is part of an informal group of High Street shops including Dixons Carphone, Holland & Barrett, JD Sports, Fat Face, Pret a Manger and Specsavers, who have got together to lobby the Government on rates. 

The budget airline, which has been buffeted by rising costs and waning consumer demand, looks set to be replaced by JD Sports, one of the few British retailers which has been making gains.

Should savers keep faith with Neil Woodford? That is the question vexing the army of private investors who have entrusted their savings to the legendary fund manager.

Both domestic and export orders placed with manufacturing businesses were down in the second quarter of the year compared to the first, according to research.

Aberdeen Standard Investments, which owns 3.1 per cent, slammed the bid John van Kuffeler launched with Non-Standard Finance as 'not a good deal'.

Chief executive Kenny Alexander has pocketed £64.3 million in the last four years while chairman Lee Feldman has taken home £28.3 million as chairman in the same period.

80s pop icon Greg Kane made £16,000 selling Bitcoin

Musician Greg Kane struggled to pay his mortgage in the 1990s despite making millions in the pop duo Hue and Cry a decade earlier. He splashed out on Ferraris, Porsches and luxury holidays at the height of his fame, but was then forced to work as a sound engineer to make ends meet. Now 52, he lives in Glasgow with new partner Rhona Ostman and earns lucrative sums playing for fans who fell in love with his music in the late 1980s. Later this year, he is touring the country with The 80s Invasion Tour, featuring Five Star and Martika

Every week we give the low-down on the value of forgotten treasures that may be gathering dust at home. This week, the garden gnome is under the spotlight.

The amount of prize money that has been left unclaimed reveals bond-holders in Manchester are missing out on nearly £2 million, and more than 40,000 prizes are unclaimed in Kent.

Fed up of the rising price of petrol? Try these tricks and save £231 a year

The price of fuel has risen by nearly 10p a litre in the past three months, but motorists can save an average of £231 a year - simply by driving more efficiently. Sometimes referred to as 'ecodriving' or 'hypermiling', the idea is that by making small adjustments to your behaviour you need fill your tank less often, also reducing pollution.  Here's how to do it

London Concours takes place from 5 to 6 June 2019 at the Honourable Artillery Company headquarters and will showcase rare cars you won't see gathered together anywhere else.

Reliability is a serious issue with executive cars, mainly because they're crammed with tech and gadgets that tends to go wrong. Fortunately, we can tell you the ones to look for and those to avoid.

Give your portfolio a fitness boost and some added muscle...without all the legwork 

As summer approaches, more of us are pulling on our trainers, getting on our bikes or heading to the park or gym. But should investors follow the trend and put their money into the names behind the shoes, cycles and skin tight leggings and tops? Investment experts suggest that, if chosen wisely, an investment in certain sports-related firms can add muscle to a portfolio.

A quarterly reshuffle of the UK's blue chip firms next week threatens to force high street stalwart M&S; out of the FTSE 100 for the first time since the index’s launch in 1984.

Chasing a high yield may well end in bitter disappointment – a result of a subsequent weaker share price, a possible reduction in dividend payments, or a toxic combination of the two.

Smart meter rollout is still 'miles away' from its 2020 target with only 14m devices

There was a 6.7% decrease in domestic smart meter installations in the first three months of 2019, with roughly a million installed by large suppliers, according to new data. In a rush to meet the deadline, all of the Big Six suppliers now only offer their cheapest tariffs to those who have - or are willing to have - a smart meter fitted.

Households opting for British Gas's lowest-cost fixed tariff, Energy Plus Protection Green, who agree to have a meter installed will be charged £938 a year for average consumption.

Thousands of people triggered a cut to their tax bill last year by questioning whether their council band is correct, according to official figures from the Valuation Office Agency.

Ferrari unveils the 211mph SF90 Stradale - its first plug-in hybrid supercar

The Italian firm says its new 211mph SF90 Stradale is 'the most powerful Ferrari ever' developing a total of 1,000 horsepower that helps it accelerate from rest to 62mph in just 2.5 seconds. And it can travel up to 15.5 miles (25km) in zero-emissions electric power only - allowing it to enter cities which ban use of conventional petrol engines.

New figures from Zap-Map revealed that - as of 22 May -  there are 8,471 charging locations across the UK with a total of 13,613 individual plug-in points. That compares to just 8,400 fuel stations.

When it comes to infrastructure, Tory leadership frontrunner Boris Johnson is never short of imagination. Regrettably he does not favour HS2.

Will this life cover deal leave you Dead Happy...or is it full of more holes than Swiss

If you were to rate it for the creativity and brashness of its marketing, you would probably give it ten out of ten. But DeadHappy scores less highly on certainty and comprehensiveness. Experts fear proceeds may not be paid promptly after death and may attract inheritance tax, while buyers are not protected from above inflation premium increases

Fibre broadband: Internet speed and the best broadband deals now

There is often confusion over which type of broadband is really the fastest and how much speed the average person really needs to power their internet. Standard copper broadband is often no longer sophisticated enough to handle the public's ever increasing data download needs, but are you one of the people who would be better off with fibre broadband and how fast do you need to go?

I was self-employed and paid NI so why don't I get a full state pension?

Since my retirement in 2015 at the age of 65, I've been somewhat perplexed at having my state pension downgraded by £30 per week due to the fact that in 1987 I took out a self employed pension. Even though I have a record of 50 years of NI contributions yet my pension is still reduced. I feel that over the years I've done the right thing. The Department for Work and Pensions decision irks me very much.

A total of 42,989 mortgages were approved in April, said banking trade body UK Finance, up 11.5 per cent on a year earlier. Lending rose by around £1.8 billion.

Homebuyers have just six months left to sign up to a savings plan that comes with a 25 per cent Government bonus when they buy their first property.

MPs call on Tesco Bank to prevent 'mortgage prisoners' and sell to active lender

Some 23,000 customers were left in the lurch last week as Tesco Bank announced it was exploring the sale of its mortgage book after ceasing all new lending. The 27 MPs from a cross-party group sent a letter to Tesco Bank chief executive Gerry Mallon urging the lender to 'repay its customers' trust' by only exploring a sale to an active lender.

The need for car makers to be big has gone up a couple of gears, and this week's news that Fiat Chrysler and Renault are planning to merge signals a new phase in this process is underway.

The new feature will be popular among UK motorists, especially considering the record number of drivers caught speeding last year, with four motorists exceeding the limit every minute.

Women savers plan to retire on £168k, while men expect to have £255k

Women savers are on course to end up with pension pots two thirds the size of men's, research by Brewin Dolphin reveals. Lower pay and career breaks to care for family are still holding back women's ability to save for old age - but younger generations are better off than those currently reaching retirement.

Tony Yarrow, portfolio manager at Wise Funds, explains why he still has faith in Woodford Patient Capital, even though the trust is down 20 per cent since its launch four years ago.

Simon Crookall, who founded Gumtree alongside Michael Pennington in 2000, and his sister Joanna of investment firm Ramsey Crookall, have set up InvestEngine.

The UK's 25 highest-paying firms and average salaries revealed

Glassdoor found the UK's highest paying companies are offering staff between £61,000 and £90,000 as a median total compensation package, including base pay plus bonus. The list is dominated by tech and finance firms including, clockwise from top left, Credit Suisse, SAP, Facebook and Deutsche Bank.

The pair founded Revive Eco, an environmentally conscientious outfit that deals with coffee waste by converting used grounds into a natural oil product that can be used by a variety of industries.

This is Money, with help from MTC, busts the myths surrounding what pre-existing medical conditions you should disclose when buying travel insurance.

Want one-off financial advice? What do you get and how much does it cost?

Many people could benefit from one-time help over some aspect of their finances, and this need not tie you into a long-term relationship with an adviser. Paying ongoing fees is not compulsory, and unless you are getting a substantial level of ongoing help in exchange each year, might not be value for money. It's perfectly acceptable to ask an adviser for expert assistance on a particular financial concern, agree between you it will be a single transaction, pay up, and walk away.

Do more accounts make you a savvy saver? My present is littered with savings accounts past because I've opened them to benefit from a great introductory offer, only to lose it after a year.

The firm has 4 million customers, and between 2015 and 2018 had 171 claims made against it. That compared to 82 complaints about Monzo, its rival.

Earn money from stock photography - Stockimo app launches

Stockimo, owned by stock photography site, Alamy, allows users to contribute photos taken on their smartphone to the app, which can be of anything and everything, from selfies to pets and holidays to food. One lucky contributor even managed to snap up £2,780 on a sale - not bad for a single iPhone snapshot.

The average home in the UK costs more than £200,000 but it possible to buy one for a quarter of that - although it's likely to need some work.

People who have transferred large sums of money to fraudsters have faced never seeing it again (Dominic Lipinski/PA)

The code will give people better protection against so-called authorised push payment scams, where people are tricked into transferring an estimated £350million a year

British winemaker Chapel Down cheers a 10% rise in sales to £13m thanks to warmer weather

The winemaker, based in Tenterden, Kent, notched up a 10 per cent rise in sales to £13 million last year, with its beer, cider and spirits also doing well.

The strategy, which is part of a last-ditch attempt to keep the business afloat, is explained in an email sent yesterday by Ian Grabiner, the chief executive of Arcadia.

The Co-op has raised £300m through a bond issuance, with proceeds going towards supporting and promoting Fairtrade, helping producers and their communities.

The company, which focuses on eastern and central Europe, said revenues for the full year to the end of March rose 20 per cent to €2.32billion, boosting pre-tax profits by 4.5 per cent to €300m.

Money in the once-feted Equity Income Fund dropped from £4.33 billion in April to £3.77 billion this week, research firm Morningstar said. The fund looked after £10.2 billion of investors' cash at its peak.

How 69,000 appeals against 'unfair' tax bills are STILL outstanding after nearly a decade

Thousands of British businesses, including Boots and John Lewis, are locked in a battle to claw back millions of pounds in 'unfair' business rates. Companies can appeal to the Valuation Office Agency (VOA), which sets rates, if they believe that their bill is too high. But in a damning indictment of the system, a crippling backlog means 69,000 appeals against rates set as far back as 2010 are still yet to be resolved.

Shares rose almost 10% after DMGT said that while revenue for the Daily Mail and Mail on Sunday newspapers dipped 5% to £208million, MailOnline's revenue jumped by a quarter to £76million.

The online grocer has listed a tranche of more than 10 million shares on the stock market reserved for Ocado's Value Creation Plan.

Maggie Brereton and Ina Kjaer reportedly resigned because they felt the firm had failed to deal properly with concerns over the man's behaviour.

Another leading High Street chain is wounded and bleeding. Boots the Chemist, one of our best-loved stores, is feeling the pain from exorbitant business rates.

CC JAPAN INCOME & GROWTH TRUST: Aiming to provide increasing dividends as well as growth

The CC Japan Income & Growth Trust invests in Japanese companies, and aims to provide investors with increasing dividends as well as growth. It is managed by Coupland Cardiff, a firm which specialises in Asia.

Sage of Omaha has made £65bn...here's how to learn the art of Buffettology!

There is probably no more successful investor living on planet earth today than Warren Buffett. Although now aged 88, he very much remains a cult figure among investors - not just in the United States but worldwide - as a result of his wonderful eye for picking long-term investment winners. An eye that has remained focused for nigh on half a century. Razor sharp. Eagle like. Earlier this month, some 40,000 shareholders flocked to the annual general meeting of Berkshire Hathaway, the company he has run since 1970 and through which he makes his astute investments.

Ever since Royal Mail was floated, the group has pinned its hopes on parcels and productivity. So far, those hopes have proved misplaced.

It was floated on London's junior market in 2016 at 70p a share. The stock shot up to more than £3 by April 2017, but has since drifted down to £1.61. This is unjustified and the shares should rebound.

Like gardeners caring for their beloved trees, plants and lawns, investors could do worse than apply similar techniques to neglected share and fund portfolios.

Investment manager Powe set himself an ambitious target when he took over at the helm in 2014: to generate average annual returns in the region of 10 per cent. He has proved his doubters wrong.

TONY HETHERINGTON: How can  muggers at Global Spread Exchange sleep at night?

I was contacted by a 'David Green' and was persuaded to invest £500, having been told that his company is approved by the Financial Conduct Authority. Later, a 'Blake Crawford' rang to say he had made £245 profit for me and urged me to invest a further £1,000. I told him I would not add to the £500, though other people have since called from the company with the same request. Now I find I cannot contact them.

It is vital that all companies do everything in their power to keep our data secure and take more responsibility for helping to reduce fraud.

Ofgem has fined the suppliers £870,000 after finding the providers had an anti-competitive agreement to not target each other's customers through face-to-face sales.

Savers misled by wrong state pension forecasts that leave plans in tatters

A This is Money investigation has revealed a string of incorrect forecasts sent to people now facing a poorer retirement than they expected. These cases point to a systematic failure, with potentially many more savers affected who haven't realised yet. Sandra Irving, pictured left, has been told her record puts her state pension at around £22 a week less than the original figure she was given - a possible shortfall of nearly £23,000 over a typical 20-year retirement.Colin Murray, top right, and Vivienne Young, bottom right with husband Phil, are also affected.

Of all the taxes we have to pay, inheritance tax is perhaps the most hated, despite the fact only a minority of estates pay it. But if you are worried about IHT, it can be avoided.

When it comes to investing your money, there is almost too much choice. So who better to help than those who have made spotting money-making opportunities their full-time job?

Some 33m dirty Dieselgate cars in Europe are still producing illegal levels of emissions

At the current rate of recalls, all cars will not be fixed until 2021 - some six years after the scandal hit headlines and the Volkswagen Group first initiated call backs for impacted models. Central and Eastern Europe is particularly lagging behind with updates specifically to affected VW Group models, while a quarter of UK cars have still not been repaired, the data shows.

Citizens Advice has called for a new 'smart' charging scheme that would reduce the impact on nation's electricity supply by rewarding plug-in car owners with cheaper tariffs at unsociable hours.

Student Ina Swann and six classmates are launching Accomplish, aimed at helping graduates with career and money advice. We ask her what she thinks young people want to know about finance.

Will the mortgage price war cause trouble? This is Money podcast

Tesco Bank has ditched mortgages, while a string of other smaller players have shut their doors in recent months, and building society behemoth Nationwide issue its own caution on home loans this week? On this week's podcast, we dive into what is currently a weird world of mortgages: where a greater supply of money to lend than demand to borrow means there are some very cheap deals on offer.

We recently received a letter from Nationwide, after the thinnest of apologies it said the rate on my daughter's account would be hacked back from 2.5 per cent to 2 per cent.

One of the country's most senior scam-fighting police officers, Commander Karen Baxter from the City of London Police, says not every fraud victim deserves a refund.

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.

Best stocks & shares Isas: Pick the best DIY investment 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.

When will UK interest rates rise?

Lower than expected inflation figures have added weight to expectations that interest rate rises will remain on hold throughout most of 2019. This combined with the Brexit extension is forecast to keep monetary policy steady, with rates held at 0.75 per cent. While unemployment is low and wages are rising, there are still concerns over Britain's consumer economy and business investment being stalled by continuing Brexit uncertainty.

Best mortgage rates: Compare fixed rate and tracker rate mortgage deals

The average two-year fixed rate mortgage rate has crept up by 0.13 per cent in the past month, possibly showing the first signs that the ongoing price war between lenders is drawing to a close.

Ten tips for buy-to-let: Essential advice for property investment

Buy-to-let is much tougher than it once was. 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 Hertfordshire £10,000
£1,000,000 Kent £1,000
£100,000 Norwich £5,000
£100,000 Kirklees £14,000
£100,000 Suffolk £9,000
£100,000 Bristol £48,000
£100,000 Shropshire £29,990
£50,000 Kent £10,000
More June 2019 winners
View list of June 2019 winners
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