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MARKET REPORT: Lookers’ fraud probe reveals car dealer has been exaggerating profits for years leading to a £19m black hole By Francesca Washtell For The Daily Mail Published: 21:50 BST, 29 June 2020 | Updated: 21:50 BST, 29 June 2020 Lookers uncovered a £19million hole in its accounts after a fraud probe found the car … Read more
MOT extension axed: Car owners with an MOT due date from 1 August will need to have their them tested now that the temporary six-month coronavirus exemption has been lifted Mandatory MOTs are to be reintroduced from 1 August, cutting short the six-month test exemption introduced on 30 March in response to the coronavirus lockdown, … Read more
Government spurns calls for full proactive effort to make payouts to women losing out out on thousands of pounds in state pension Labour urged Pensions Minister Guy Opperman to launch a full investigation Tens of thousands of elderly women could be owed an estimated £100million ‘Many don’t know yet to this day,’ says Shadow Pensions … Read more
INVESTING SHOW: Is Japan a golden opportunity for investors in the coronavirus storm? By This Is Money Published: 16:42 BST, 29 June 2020 | Updated: 16:42 BST, 29 June 2020 As coronavirus shut down economies around the world, Japan stood out as one of the countries that managed to avoid a hard lockdown. There were … Read more
BP’s decision to take a write-off of up to $17billion (£14billion) on some of its exploration assets underlines the direction of travel among both the fossil fuel industry and investors currently. The oil major’s decision follows a revision of its long-term price forecasts and were a reality check that many of these projects won’t be … Read more
Mortgage approvals tumble to record low as lenders axe deals amid fears house prices will collapse Just some 9,300 mortgages to buy homes were handed out in May That’s down from around 15,800 in April and 90% below the February level Mortgage approvals are a third lower than the worst month of the financial crisis … Read more
Britons spent a little more, paid back a little less and tucked away a lot more last month, with savings increasing a record £25.6billion, figures from the Bank of England show. It means households have stashed away a collective £56.6billion between March and May during the height of the coronavirus pandemic, the data reveals. It comes … Read more
MOTs will be mandatory again from August as Government cuts short the six-month test exemption during pandemic A six-month MOT test exemption was introduced on 30 March to help slow the spread of the virus In April and May, test volumes fell to just 2.2m – down from 7.2m in 2019 Restrictions on car use … Read more
Builder Kier Group sees its share price jump as the government reveals billion pound school rebuilding programme Kier Group has been beset with financial problems for a couple of years The government is due to announce a task force called ‘Project Speed’ tomorrow Schools in the North and the Midlands are set to receive ‘substantial investment’ … Read more
Around 5,300 cars were produced by UK factories in May compared to 116,000 in the same month a year ago, latest industry figures have confirmed. Motor manufacturing fell by 95.4 per cent last month, with vehicle plants ‘severely held back by social distancing requirements and reduced demand’, said trade body, Society of Motor Manufacturers and … Read more