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Bloomsbury furloughs staff, slashes executive pay and raises emergency cash from investors as it tries to weather coronavirus crisis By Daily Mail City & Finance Reporter Published: 21:51 BST, 17 April 2020 | Updated: 21:51 BST, 17 April 2020 Bloomsbury has furloughed staff, slashed executive pay and raised emergency cash from investors as it tries … Read more
Competition watchdog waves through Amazon’s investment in Deliveroo after takeaway firm warned it would collapse By Daily Mail City & Finance Reporter Published: 21:51 BST, 17 April 2020 | Updated: 21:51 BST, 17 April 2020 The competition watchdog has waved through Amazon’s investment in Deliveroo after the takeaway firm warned it would collapse. The online … Read more
‘Put your back into it!’ Bank of England Governor Bailey tells banks to get emergency loans out to struggling firms Bailey suggested banks were sticking to risk assessments that were too slow Bailey’s call adds to concerns voiced by Ministers and industry bodies He also said the OBR’s projection of a 35% decline in GDP … Read more
Does your partner know how much you earn? Millions of UK couples keep their income a secret over break-up fears One in six people have not told their partner how much they earn Key reason for people to have secret savings is their retirement future By Jane Denton For Thisismoney Published: 07:31 BST, 25 November … Read more
SMALL CAP MOVERS: Catenae Innovation rockets on coronavirus digital passports By Giulia Bottaro At Proactive Investors For Thisismoney.co.uk Published: 12:39 BST, 17 April 2020 | Updated: 13:03 BST, 17 April 2020 Catenae Innovation ended the week with a blast, rocketing 147 per cent to 1p on the announcement it will take part in the development … Read more
NS&I axes planned brutal rate cuts for 21m Premium Bond holders and other easy-access savings accounts – but fixed-rates will still plummet More than 21m people hold Premium Bonds which were due to be less generous The odds on a £1 Bond winning a prize were due to lengthen to 26,000 to 1 The number … Read more
Mortgage lenders axe almost HALF of buy-to-let mortgage options amid ongoing coronavirus lockdown Mortgage lenders have slashed buy-to-let deals in the wake of the coronavirus More than 1,300 buy-to-let mortgage deals have been axed since March This accounts for nearly half of all available deals, with 1,593 now left Learn more about how to help … Read more
Savers have been handed a double blow as two market-leading easy-access deals have both disappeared within a week of each other. Marcus Bank cut its rate from 1.3 per cent to 1.2 per cent today, just a week after Virgin Money cut its then-market-leading 1.31 per cent Double Take E-Saver to 1.01 per cent. Although … Read more
Borrowers of £48billion in car finance will be able to freeze their payments for three months if they are struggling to cover their installments due to coronavirus, the Financial Conduct Authority proposed today. The city regulator said those who used Personal Contract Purchase, Hire Purchase or Conditional Sale agreements to purchase a car would be … Read more
Financial hardship is spreading rapidly and crooks are actively looking to take advantage of people’s struggles to get hold of their cash. While times are tough, it remains crucial to take stock and prevent criminals from selling you dodgy pension products, insurance deals or investments. With scammers scouring their sucker list and the dark web … Read more