Category: <span>Investment</span>

TalkTalk customers hit out at ‘outrageous’ broadband price rise
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TalkTalk customers hit out at ‘outrageous’ broadband price rise

TalkTalk has been accused of taking its customers for April fools after it said it would be raising bills for those who signed up to a fixed-price broadband contract. Customers are furious at what they say is the company’s “unscrupulous” behaviour after it quietly ripped up its price promise and announced a £24-a-year increase. For its...

UK online car seller Cazoo to float for $7bn on NYSE
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UK online car seller Cazoo to float for $7bn on NYSE

British online car retailer Cazoo will make its stock market debut in New York though a special-purpose acquisition company (Spac), after agreeing to a merger deal that values the company at $7bn (£5bn). Cazoo is set to merge with Ajax I, led by the billionaire US investor Dan Och, making it the latest company to take advantage...

PensionBee to float on London Stock Exchange
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PensionBee to float on London Stock Exchange

PensionBee, an online pension provider, has become the latest company to announce plans to float on the London Stock Exchange, with an estimated market value of £350m. The firm, which helps savers consolidate their old pensions into one new plan, aims to sell shares to institutional investors as well as its 130,000 active customers. It...

Doorstep lender Provident Financial reveals FCA investigation
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Doorstep lender Provident Financial reveals FCA investigation

The doorstep lender Provident Financial has said it could put its consumer credit division into administration unless borrowers agree to a scheme that will sharply reduce compensation payments following a surge in customer complaints. The high-cost lender also revealed it was facing a regulatory investigation by the Financial Conduct Authority into a string of issues including whether...

NatWest to cut banker bonus pool as it reports £351m loss
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NatWest to cut banker bonus pool as it reports £351m loss

NatWest has cut its banker bonus pool to the lowest level since its financial crisis bailout, after swinging to a full-year loss in 2020. The lender – formerly known as Royal Bank of Scotland – slumped to a loss of £351m for 2020 compared with a profit of £4.2bn a year earlier. The bank was...

Study warns of huge jobs losses in retail in England after pandemic
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Study warns of huge jobs losses in retail in England after pandemic

England’s high streets could lose up to 400,000 retail jobs as a result of more people working from home and shopping online after the coronavirus pandemic, according to a report, with affluent towns in the south among the most vulnerable. Out of the 109 towns and cities studied by the accountancy firm KPMG, Bracknell in the London...

Bitcoin tops $40,000 as investors seek hedge against inflation
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Bitcoin tops $40,000 as investors seek hedge against inflation

Bitcoin has surged above the $40,000 (£29,500) mark for the first time in its history after doubling its value in less than a month. The record comes just days after the cryptocurrency hit an all-time high of more than $34,800 on Sunday, which was also the 12th anniversary of the bitcoin network being created. Bitcoin first breached...

UK mortgage approvals at highest level in 13 years
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UK mortgage approvals at highest level in 13 years

UK mortgage approvals have risen to the highest level in 13 years, driven by the government’s stamp duty holiday and buyers reassessing their living situation during the coronavirus pandemic. Figures from the Bank of England showed the number of mortgages approved by banks and building societies for home purchases had leapt to 105,000 in November – the highest figure...