• Comment

    HAMISH MCRAE: High Street shops deserve a level playing field in their battle against online retailers

    Use it or lose it. We all know the rules. If you do your main shopping at the supermarket and just rely on the local shop if you run out of milk, you can’t complain if it closes.If you always fill up at the supermarket, the local petrol station won’t be there for the gallon for the lawnmower. If you don’t pay for the local newspaper, don’t be surprised if there is no one to report what is going on at the council meeting.And so it is with the shift to online, the relentless theme of so many stories on ...

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  • Markets

    DAILY BRIEFING: Star Wars flop Solo could cost Kathleen Kennedy her job as president of Lucasfilm

    Solo: A Star Wars Story performed poorly at the box office SOLO SLUMP The boss of Disney Bob Iger may oust Kathleen Kennedy, president of subsidiary Lucasfilm, which made Solo: A Star Wars Story, after the film’s poor box-office performance.DRUG BOOST Tagrisso, a key Astrazeneca lung cancer drug, could generate £4.4billion in annual sales by 2023, nearly double previous estimates, according to bank UBS, which hiked Astra’s price target to 5600p, from 4550p.TECH HELP The Department for Business, Innovation and Skills has launched the Business Basics Fund, an £8million programme to help small companies use new technologies.TOP MOVES A ...

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  • Markets

    Marston's enjoys soaring sales after spending £55m bringing American craft beers to British pubs

    Marston’s is hoping a range of American craft beers will boost its fortunes and take the business more upmarket.The group, which owns pubs across the UK, has enjoyed soaring sales of Founders All Day IPA after it won distribution rights to the beer following its £55million purchase of brewery company Charles Wells, which owned the rights, last year. Marston’s has secured a five-year deal with Michigan-based Founders Brewing Company amid booming demand for craft beer in the UK.  Founders is a family-run business known for its punchy, high alcohol-per-volume beers. It could be a winning deal for Marston’s, which crashed out of ...

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  • Markets

    Sainsbury sales slide as it battles to secure its £14.1bn merger with Asda

    Sainsbury’s sales surprisingly slumped as it battled to secure its £14.1billion merger with Asda.Britain’s second biggest supermarket was the only major name to record a drop in the three months to June 17 – falling 0.2 per cent.The overall grocery market, however, chalked up two years of continuous growth. Sainsbury's was the only major name to record a drop in the three months to June 17 – falling 0.2 per centSainsbury’s performance contrasts with its future partner Asda which notched up growth of 1.8 per cent, according to the latest grocery data by Kantar Worldpanel. Asda and Sainsbury’s are the subject of ...

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  • News

    Raise rates now or drastic hikes will be needed in the future, warns top Bank of England official

    The Bank of England must not ‘dally’ any further before raising interest rates, according to one of its top officials.In his final speech as a member of the rate-setting monetary policy committee, Ian McCafferty warned that more aggressive rate hikes would be needed in future unless the central bank acts now.The economist, who leaves the Bank at the end of August after six years, said higher borrowing costs were needed to bring inflation back under control.  Rate rises: Bank of England official Ian McCafferty warned that more aggressive rate hikes would be needed in future unless the central bank acts ...

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  • Markets

    Satellite firm Inmarsat falls back down to earth after takeover plan is grounded

    Shares in Inmarsat fell more than 10 per cent after a French rival dropped plans to launch a takeover of the satellite communications firm less than 24 hours after announcing them.Paris-based Eutelsat yesterday said it was not going to make a bid for the British business after it was asked to clarify its position by the UK Takeover Panel.It said it was looking at making an offer on Monday, just days after US-based Echostar revealed it had built a 3 per cent stake in Inmarsat. Paris-based Eutelsat yesterday said it was not going to make a bid for British business ...

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  • DIY investing

    PRUDENT INVESTOR: Find a hidden gem and wait? No thanks, I'm going to be a momentum investor and try backing funds ALREADY on the up

    Back in the Nineties, I bought a fund called Jupiter Income. I’m sure many of you bought it, too. It was at the top of the performance tables by some distance.It continued to fly for a few years, until the manager and market conditions changed. But it delivered a handsome profit before I sold it.I bought purely on past performance. Yet, as retail investors, we have it hammered into us that we should not take too much notice of this.The City regulator says that sales material must contain ‘a prominent warning that the figures refer to the past and that ...

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  • Saving & banking

    Is NS&I set to slash more deals? State-owned savings bank wants to attract less from savers this year

    NS&I could be forced to axe more top deals now that its targets have been slashed.The government agency, which raises money for HM Treasury, wants to attract less from savers this year. National Savings & Investments has been set a target of raising £6billion (plus or minus £3billion each side) between April 1 and March 31 next year. This is its lowest total for five years. NS&I has been set a target of raising £6bn between April 1 and March 31 next year. This is its lowest total for five yearsLast year, when it launched new bonds and its Junior Isa, it ...

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  • Pensions

    Workers at top UK firms could be lured to ditch generous pensions by rogue advisers, warns watchdog

    Alert: FCA is warning eight major pension schemes, including at Lloyds Bank and J Sainsbury, about rogue advisers targeting their members.Savers with some of Britain’s biggest pension firms are at risk of being targeted by rogue financial advisers, warns the City watchdog.Fears are growing that unscrupulous firms are targeting customers with final salary pensions that pay a guaranteed amount, to encourage them to move out of the scheme in exchange for a cash lump sum.The Financial Conduct Authority believes that most savers will be worse off if they move, as they lose perks such as inflation-proofed payouts and a ...

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  • Comment

    DAN HYDE: Internet giants must do their part to protect us from crooks and fraudsters

    With all the cyber security that big firms have at their fingertips and the mountains of online reviews at ours, you’d think the internet would have become a safe place to shop, bank — or even find a plumber.Far from it. The web is like the Wild West, and the internet giants and our banks do far too little to police it.Just ask John and Dell Lavers, who were refused a £195 refund by Amazon and their bank, Lloyds, for computer equipment they never ordered or received. Risk: The web is like the Wild West, and the internet giants and ...

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  • Holidays

    Holidaymakers evicted from Airbnb villas by foreign police: Armed officers are turning up unannounced – and telling terrified Britons their booking has broken local laws

    Holidaymakers are being visited by police for booking Airbnb apartments that fall foul of local lawsHolidaymakers are being visited by police and even thrown out of their Airbnb apartments after unwittingly falling foul of local laws.Airbnb, the home-sharing website, is allowing properties to be listed in places such as New York, Singapore, Japan and parts of Spain, where many short-term holiday lettings have been restricted or banned.Money Mail can reveal that tourists are arriving at properties to find 'No Airbnb' signs posted inside the buildings, security guards who want to interrogate them and a hostile reception from other residents.In the ...

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  • Beat the scammers

    Beware the Amazon fraud trap: John and Dell were charged £195 for an item they didn't order - their fight for a refund is a warning to everyone

    A retired couple were forced to fight Amazon for 18 months to claw back £195 after fraudsters hacked into their account and bought computer equipment without their knowledge.John and Dell Lavers, from Plymouth, have only used the online retail giant to buy inexpensive items, such as a mobile phone cover, a watch strap and a few CDs.But, when checking their bank statements in January last year, they noticed a rogue payment of £194.59 for an Amazon order they didn't recognise.The couple immediately alerted their bank, Lloyds. A Plymouth couple were charged £194.59 for an expensive computer part they hadn't ordered ...

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  • Experts

    ASK TONY: NatWest wants me to sort out £40,000 worth of debt racked up by my ex-husband

    When I separated from my husband we had a NatWest account with a large overdraft. It was a joint account, but had only ever been used by him.NatWest refused to separate our financial affairs unless I had a written undertaking from my ex-husband.After 18 months I finally obtained one stating that he takes responsibility for the account and would sign paperwork to remove my name from it. After eight weeks of referral between departments and discussions with their legal team, NatWest has said I cannot be removed until the overdraft balance is cleared. One reader has been made liable for some ...

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  • Bills

    Superdrug's £10 mobile deal gives shoppers double points to spend in store

    Superdrug has teamed up with mobile phone network ThreeSuperdrug has launched a £10-a-month mobile phone deal that gives shoppers double points to spend in store.The chain has teamed up with the network Three to offer unlimited calls, texts and 4GB of data. The sim-only contract is a monthly rolling deal you can cancel at any time. You can use your old handset if you have one, or buy a new one separately.You must also sign up for a free Superdrug Health & Beautycard. Once the Superdrug sim card is activated, you get £10 in points to spend in store. You then ...

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  • Bills

    BT hikes broadband, TV and phone deals by as much as £2.50 a month

    BT is hiking the cost of some of its broadband, TV and landline packagesBT is hiking the price of its landline, broadband and TV sport packages.From September 16, standard broadband prices including line rental will increase by £2.50 a month. Line rental on its own goes up from £18.99 to £19.99, or from £56.97 to £59.97 for quarterly bills.Customers will pay an extra 2p a minute for landline calls, 1p for mobile calls and 5p for international calls. The cost of 1571 answerphone goes up 50p a month. The BT Sport pack will cost an extra £2 a month. And BT TV ...

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quotes

Everyone went outside to smoke cloves and bitch about having to stay after for the State.

Jon Stewart on events following Charles — January 19, 1999