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Friday, March 15, 2019
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Fat cat bankers have pension pots slashed 15 Mar 6:09pm Fat cat bankers have pension pots slashed
Daily Mail
Antonio Horta-Osorio, chief executive of Lloyds, and HSBC boss John Flint, took the reductions amid claims blue-chip firms are using the payouts to top-up boardroom salaries.
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Interserve set to fall into administration as hedge funds reject rescue 15 Mar 6:01pm Interserve set to fall into administration as hedge funds reject rescue
Daily Mail
The rebellion was led by New York-based hedge fund Coltrane Asset Management, the largest investor with a 27 per cent stake, and Dutch fund Farringdon, which held about 6 per cent.
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Mike Ashley fixes his sights on upmarket fashion retailer LK Bennett 15 Mar 6:01pm Mike Ashley fixes his sights on upmarket fashion retailer LK Bennett
Daily Mail
Mike Ashley has made a grab for LK Bennett just days after it crashed into administration.
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PUNT OF THE WEEK: Demand for foam-sheet materials boosts Zotefoams 15 Mar 6:01pm PUNT OF THE WEEK: Demand for foam-sheet materials boosts Zotefoams
Daily Mail
Zotefoams ’ products are in demand and sales are soaring. It is trying to add more capacity at US, UK and Polish sites.
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TRUST WATCH: Foresight Solar Fund aims to provide an inflation-linked income stream 15 Mar 6:01pm TRUST WATCH: Foresight Solar Fund aims to provide an inflation-linked income stream
Daily Mail
Foresight Solar Fund is a portfolio of 53 solar farms in the UK and Australia. Some 83 per cent of its investments are in the UK and 17 per cent in Australia.
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ALEX BRUMMER: Interserve investors hit the buffers  15 Mar 6:01pm ALEX BRUMMER: Interserve investors hit the buffers 
Daily Mail
Much blame is going to be placed at the door of vulture investor Coltrane and hedge fund Farringdon for pushing Interserve into administration.
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Philip Green grapples to plug another crippling pension black hole at his retail empire 15 Mar 6:00pm Philip Green grapples to plug another crippling pension black hole at his retail empire
Daily Mail
Sir Philip Green is in talks with regulators over the future of his retail empire’s £565million pension black hole.
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DIRECTORS DEALS: Just Eat bosses given shares worth nearly £1.7m 15 Mar 6:00pm DIRECTORS DEALS: Just Eat bosses given shares worth nearly £1.7m
Daily Mail
Under the food delivery group’s performance scheme, interim chief executive Peter Duffy was handed 76,657 shares worth about £566,500.
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Will investors get a high from pot stocks? 15 Mar 6:00pm Will investors get a high from pot stocks?
Daily Mail
Interest in the burgeoning cannabis market is rising and 2019 is likely to be a watershed year when British retail investors can start buying so-called ‘pot stocks’.
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MARKET REPORT: Wagamama owner The Restaurant Group rises 10% as sales bounce back  15 Mar 6:00pm MARKET REPORT: Wagamama owner The Restaurant Group rises 10% as sales bounce back 
Daily Mail
The Restaurant Group, which bought Wagamama for £559million last year, reported profits of just £13.9million for 2018 – around half the £28.2million it made in 2017.
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Tesla unveils Model Y - the family SUV that hits 60mph in 3.5 seconds  15 Mar 6:00pm Tesla unveils Model Y - the family SUV that hits 60mph in 3.5 seconds 
Daily Mail
The electric car maker's Model Y – billed as a 'crossover' between a family-friendly SUV and sports-car – will have a top speed of 150 mph and a battery range of up to 300 miles.
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Can Britain afford to pay MORE tax? This is Money podcast on the Spring Statement 15 Mar 1:59pm Can Britain afford to pay MORE tax? This is Money podcast on the Spring Statement
Daily Mail
The overall tax take is now equivalent to 34.6 per cent of Britain's economy, a level not seen since Harold Wilson was Prime Minister, how and why has that happened - and where's it going?
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15 Mar 12:55pm FTSE CLOSE: Interserve to file for administration; UK stocks in the green
Daily Mail
The Footsie ended the week 0.6 per cent higher, while the pound had its best week since January as Brexit got delayed.
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FTSE LIVE: Wetherspoon stung by rising costs; UK stocks in the green 15 Mar 12:20pm Updated FTSE LIVE: Wetherspoon stung by rising costs; UK stocks in the green
Daily Mail
Interserve's restructuring plan has been voted down by 60 per cent of shareholders and the outsourcer is set to fall into administration.
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Interserve tumbles into administration after shareholders reject rescue plan 15 Mar 12:15pm Updated Interserve tumbles into administration after shareholders reject rescue plan
Daily Mail
Interserve, which employs 45,000 people and holds crucial Government contracts for a range of services in prisons, schools and hospitals, will be immediately sold to its lenders.
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SMALL CAP MOVERS: Gooch & Housego shares get new life with deal to help transform organ transport  15 Mar 12:00pm SMALL CAP MOVERS: Gooch & Housego shares get new life with deal to help transform organ transport 
Daily Mail
Gooch & Housego shares were lifted 7.2 per cent higher this week to 1,275p after it inked a deal to help develop metra, a device that could change the way organs are transported.
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Meet the millennial who built multi-million pound Carpet Runners business 15 Mar 11:59am Updated Meet the millennial who built multi-million pound Carpet Runners business
Daily Mail
Having the power to decide your own hours as well as having both independence and flexibility means that many millennials are drawn to starting up their own business.
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How estate agents are overcharging buyers by as much as £57K 15 Mar 10:15am How estate agents are overcharging buyers by as much as £57K
Daily Mail
Estate agents often rely on inaccurate or outdated measurements that overstate a property's size, leading to inflated valuations, according to London-based start-up Spec.
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Private parking firm crackdown as government reveals new laws 15 Mar 9:30am Private parking firm crackdown as government reveals new laws
Daily Mail
In a victory for This is Money’s campaign against the private parking sharks, a bill that could potentially stop motorists’ details from being flogged to private firms has today become law.
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15 Mar 8:29am Interactive graph reveals a third of millennials may never own a home
Daily Mail
Generation Y, those aged between 23 and 38, have to save for an average of eight years and four months to afford the average mortgage deposit of £42,836, according to loan broker ABC Finance.
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Cars most like to be involved in a crash on UK roads 15 Mar 6:53am Updated Cars most like to be involved in a crash on UK roads
Daily Mail
The cars most likely to be in an accident on UK roads have been revealed - and it doesn't make good reading for taxi firms and Uber drivers.
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The 10 things EVERYONE should know buying a new home 15 Mar 6:36am The 10 things EVERYONE should know buying a new home
Daily Mail
British property guru Georgina Burnett, known as The Home Genie on Instagram, has shared her tried and tested tips for buying a new home.
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Pension withdrawals slump as retired savers try to shore up funds in troubled markets 15 Mar 4:15am Pension withdrawals slump as retired savers try to shore up funds in troubled markets
Daily Mail
The dramatic slowdown in withdrawals has coincided with a slump in investment confidence, according to a report by financial services firm AJ Bell.
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The buy-to-let mortgage that lets landlords sell up without exit fees if they need to 15 Mar 4:12am The buy-to-let mortgage that lets landlords sell up without exit fees if they need to
Daily Mail
TSB has released two buy-to-let tracker mortgages which allow landlords to sell up without incurring any early repayment charges.
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How Currys cons you with a needless £40 laptop charge added to its tempting low prices  14 Mar 9:12pm How Currys cons you with a needless £40 laptop charge added to its tempting low prices 
Daily Mail
Some Currys PC World staff have been demanding installation fees for laptops, when the fee ought to be optional because customers can set them up at home.
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