The founder of Liberty Steel has revealed that the company owes ‘many billions’ to collapsed financial backer Greensill Capital but insisted none of its plants will shut down ‘under my watch’. Labour has called on ministers to provide clarity on the future of Liberty Steel’s UK plants amid fears that thousands of jobs could be … Read more
More middle-aged savers should take a financial health check to get them ready for retirement, the pensions minister has told MPs. It is hoped that a simple ‘midlife MOT’ will give those aged between 45 and 60 a good idea of how prepared they are for later life, and help them take action now to … Read more
A financial adviser and mother who has saved over $117,000 by following her own financial challenge has revealed the seven steps to boosting your savings fast. Canna Campbell, from Sydney, devised the ‘$1,000 Project’ five years ago in a bid to boost her personal savings and investments. The project requires the saver to break down … Read more
Victims of the contaminated blood scandal have welcomed the government’s decision to increase payments after a 40 year-long battle for justice. The Government has announced it is resolving disparities in financial support between England, Wales, Northern Ireland and Scotland, as well as addressing broader issues, such as support for bereaved partners. The contaminated blood scandal … Read more
Over half of companies listed on the stock market in Britain at a ‘heightened risk’ of collapse sought Government financial support in December, new findings show. Once taxpayer-backed Government support comes to an end, the companies in jeopardy could face a ‘financial cliff edge’, accounting giant EY warned in its latest analysis of profit warnings. … Read more
Labour demands formal investigation into claims David Cameron ‘lobbied the Treasury last year to get stricken financial firm Greensill access to Government-backed loan schemes’ Former prime minister alleged to have lobbied Treasury on behalf of Greensill Said to have been part of efforts to increase firm’s access to Covid loans scheme Alleged lobbying took place … Read more
For more than a decade I’ve spent my life thinking and writing about money. As a financial journalist, I’ve written hundreds of columns on the City, the stock market, the super-rich, pension funds and family budgets. I don’t think money buys you happiness but I know it gives you freedom. Having enough money gives you … Read more
Crisis at the Provvy: Shares dive 28% and watchdog launches a formal probe as doorstep lending arm faces collapse By Mark Shapland For The Daily Mail Published: 21:57 GMT, 15 March 2021 | Updated: 21:57 GMT, 15 March 2021 Provident Financial lost more than a quarter of its value after warning that its doorstep lending … Read more
Provident Financial shares tumble as it reveals fresh watchdog probe and warns its doorstep lending arm could collapse after compensation claims jump FCA launches probe into ‘affordability and sustainability’ of loans handed out Provident is proposing £50m compensation scheme as complaints jump 200% Borrowers would receive ‘significantly’ less compensation under the scheme But if it’s … Read more
Survey warns British manufacturers facing their biggest profits squeeze since the financial crisis By Daily Mail City & Finance Reporter Published: 00:01 GMT, 15 March 2021 | Updated: 00:01 GMT, 15 March 2021 British manufacturers are facing their biggest profits squeeze since the financial crisis, a survey warns. Research by Insider Pro found that firms … Read more