For me, the costs firmly don’t outweigh the benefits. Let’s assume that you’re able to invest an extra £10,000 per year by living miserably now in hopes of a brighter future (bear in mind the average full-time salary in the UK is around £35,000 and that’s before tax). The S&P …
Read More »Lidl trumps Aldi in the battle for bargain hunters with sales up almost 10% on last year
By Emily Hawkins Updated: 17:00 EDT, 21 May 2024 Taking the cake: Lidl sales in the three months to May 12 were 9.4% higher than the same period a year earlier Lidl won a record share of the grocery market this spring while arch-rival Aldi lost ground. As a fierce …
Read More »Royal Mail fined 158,000 people for ‘fake’ stamps before finally pausing penalties
Royal Mail disclosed the total number of penalties issued after Labour MP Liam Byrne, who is chairman of the Business and Trade Committee, wrote to the firm’s new chief executive Emma Gilthorpe demanding answers in light of the public concern. However in his response to the Committee, acting chief executive …
Read More »Power supply firm XP Power shares soar 50% after it becomes bid target
By Daily Mail City & Finance Reporter Updated: 17:00 EDT, 21 May 2024 XP Power revealed it has turned down three offers from US rival Advanced Energy Industries Shares in XP Power rose nearly 50 per cent after it became the latest London-listed company to be targeted by foreign bidders. …
Read More »Greetings card industry sounds alarm over £3.5bn Royal Mail takeover
By Emily Hawkins Updated: 17:00 EDT, 21 May 2024 The greetings card industry has sounded the alarm over the proposed £3.5billion foreign takeover of Royal Mail. Small business operators are calling for a ‘national, reliable, affordable’ service to be protected as fears mount over the future of the 508-year-old firm. …
Read More »Tesla investors try to slam the brakes on Musk’s record £44bn payday
By Daily Mail City & Finance Reporter Updated: 17:00 EDT, 21 May 2024 Outcry: Tesla boss Elon Musk is in line for a record £44bn pay package A group of Tesla investors are urging shareholders to reject a record £44billion pay package for chief executive Elon Musk. Shareholders in the …
Read More »I’m a fund manager and this is why I’m backing the companies shaking up Japan’s financial system
In a country where cash has long been king, fintech innovators are at last shaking up old habits. Matthew Brett, manager of The Baillie Gifford Japan Trust, tells Joji Sakurai about three disrupters loosening the grip of the country’s traditional megabanks. As with any investment, your capital is at risk. …
Read More »Now video game giant is buyout target: £2bn deal for London-listed firm
By Jessica Clark Updated: 17:01 EDT, 20 May 2024 A video game firm has become the latest London-listed company to be targeted by foreign buyers. Keywords Studios yesterday said it would accept a £2billion offer from Swedish buyout giant EQT. A deal would see the Aim-listed firm leave London’s stock …
Read More »Who would qualify for a £100 Nationwide loyalty bonus payment?
Nationwide could announce another loyalty bonus this week Members had to have current account and at least £100 in savings or £100 left on a mortgage to get a bonus last year Who could be set to miss out again this year? By Helen Kirrane Updated: 06:13 EDT, 20 May 2024 …
Read More »I was ‘brokefished’ by my friend for £400 – can I salvage our relationship? Money psychotherapist VICKY REYNAL replies
Do you have a question for Vicky? Email vicky.reynal@dailymail.co.uk By Vicky Reynal Updated: 07:22 EDT, 20 May 2024 I need your help. My friend K has been recently telling our friendship group about how dire his financial situation has become. He spoke of overdue bills, not having enough money to …
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