• Small Business

    My wife and I have agreed to divorce but is she entitled to some of my small business?

    My relationship with my wife has unfortunately broken down beyond repair and we’ve agreed to get a divorce – although nothing has been signed.I’m vaguely familiar with the division of assets during the divorce proceedings but I’m unsure if my business will get caught up in the process.I’ve been running a graphic design business as a sole trader long before meeting my partner and she has not contributed a single penny to it.Is she entitled to a portion of my business assets after divorce regardless?  The cost of divorce: A business could form part of the assets to be shared ...

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  • Investing

    Star fund manager Richard Buxton on why UK shares are undervalued and how the economy could 'surprise on the upside', despite lack of Brexit progress

    It has been two years since the United Kingdom voted to leave the European Union, which is as good a milestone as any at which to take stock and canvas views from renowned City figures.Richard Buxton certainly fits the bill in this regard. Buxton is one of just a handful of genuine 'star' fund managers in the UK, having built his reputation through a run of market trouncing returns during much of his career. On top of that, he is also the chief executive of fund firm Old Mutual Global Investors - soon to be separated from parent company Old Mutual and ...

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  • Net Worth

    Jesse Williams Ordered To Pay $100,000 PER MONTH In Spousal And Child Support

    Grey's Anatomy star Jesse Williams' divorce from Aryn Drake-Lee has gotten about twice as expensive for Williams as it was prior to a judge's recent ruling. A judge doubled the amount Williams is legally obligated to pay, roughly fifty grand a month in child support to his ex, along with another fifty grand in spousal support — which had been previously increased from around $33,000. In total, going forward, Jesse's monthly spousal support will top $100,000. And as if that wasn't bad enough for the actor, he was also ordered to pay $270,000 to his ex-wife in legal fees.The judge's decision ran counter to Williams' ...

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  • Net Worth

    A SoCal Couple Owes California More Than $266 Million In Back Taxes And Penalties

    I think most people can't fathom being in big tax debt. After all, for many people, taxes are taken out of your paychecks and you get a refund. Then there are the rest of us: the actors, writers, musicians, creative people, relators, sales people, etc. We don't have taxes taken out. Smart people make quarterly payments. Other people wing it. And sometimes winging it comes with enormous consequences in the form of the amount of tax you owe the IRS and the state you live in. Such is the case for a San Diego area couple who owes California's Franchise ...

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  • Net Worth

    Thanks To His Back, Michael Porter Jr. Lost Millions Of Dollars

    If the NBA Draft happened at the beginning of last season, Michael Porter Jr. would have arguably been the top pick. He was just entering his freshman year at Missouri as one of the most highly touted players, billed as a potential franchise-saving superstar. Coming out of high school, he looked every bit the part.Unfortunately, this past year didn't go as planned – and it ended up costing him millions of dollars.The forward injured his back in his very first college game, and essentially missed the entire season. He did return to play in Missouri's SEC Tournament and NCAA Tournament ...

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  • Pensions

    Government threatens bosses and employers with jailtime or unlimited fines if they jeopardise workers' pensions

    Bosses and employers who imperil workers' pensions will face unlimited fines or jailtime under a proposed crackdown by the Government.Moves to beef up sanctions follow the massive scandals involving BHS and Carillion, where savers ended up in the official pension lifeboat scheme, some with reduced payouts in retirement.MPs have previously called for massive 'nuclear deterrent' penalties for firms that try to avoid pension responsibilities, while both the rescue scheme and the Pensions Regulator have asked for greater powers to combat bad behaviour. Tough sanctions: Bosses and employers who jeopardise workers' pensions will face unlimited fines or jailtimePensions Minister Guy Opperman ...

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  • Markets

    FTSE CLOSE: London stocks recover some lost ground after yesterday's sharp drop; Carpetright swings to a full-year loss; pound at $1.32

    The FTSE 100 closed up 28.08 points at 7537.92, after clawing back into the black following its dramatic plunge yesterday.Struggling floorings retailer Carpetright reported a full-year loss spearheaded by dwindling consumer confidence in the UK and increased competition. Tanya Jefferies Host commentator Emily Hardy Host commentator Auto-update 17:26 City pundits on today's session Joshua Mahony, market analyst at IG, said: 'Stocks are largely higher today, with small cap markets falling out of favour as buyers return to the main markets. 'No one is showing any signs of backing down in the escalating and dangerous trade war that was started by the US. 'Today, the ...

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  • Markets

    Carpetright rolls into the red as consumer slowdown and supplier jitters knock profits at the embattled retailer

    Carpetright swung to an underlying pre-tax loss of £8.7million in its last full year, having made profit of £14.4million the year before.  The losses are in-line with guidance issued by the struggling floorings firm earlier this year when it flagged 'tough trading conditions' and reduced consumer confidence in the UK.Carpetright's like-for-like sales fell 3.6 per cent across the year to April 28, with a plummet of 7.8 percent in the second half offsetting a 0.7 per cent increase in the first.  Chief executive Wilf Walsh said the legacy store estate was unsustainable and has received support to close 81 of its ...

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  • Pensions

    Pensions are 'alien', 'unreliable' and give us a 'bad feeling' - so many people plan to rely on property instead

    People find pensions alienating and knowledge about saving for retirement is 'woeful' across the generations, new research has found.Eye-opening statements culled from focus groups reveal that understanding of how pensions work is poor, levels of mistrust are high, and many people plan to rely on their homes to fund retirement.'I think the word pension scares a lot of people, it's got a bad feeling,' said one middle-aged participant in a focus group. 'Pensions are unreliable,' and 'It’s just like a minefield,' others told meetings laid on by the Wisdom Council, which provides consumer advice to financial firms.Find more quotes revealing ...

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  • Bills

    Have you been overcharged by your mobile network? Three million customers believe they have - how to complain and reclaim your cash

    Many people won’t be surprised when their monthly mobile bill hits the mat and it's more than they expected.Networks are known for their extra fees for use outside of your contract allowances, be it for use abroad, using too many minutes, text or data, or making calls to 'premium' numbers.But households should be taking a closer look at their bills, according to Uswitch, as it's research has revealed that almost three million of us have are incorrectly billed by networks.The average error adds an extra £23 to mobile bills, according to the price comparison site, raking in a combined £63 million ...

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  • Pensions

    Can my wife claim some of her late ex's pension? They split their assets amicably without going to court but then he died: Steve Webb replies

    We were fascinated to read an article on This is Money about whether exes can split a pension 10 years after their divorce. My wife divorced in February 2001 and her then husband took control of his large final salary pension from ITV which he accrued whilst she was a stay at home mother.He took early retirement and had drawn on the pension for around 12 years when he unfortunately died of cancer. Legal question: Can you claim a late ex-spouse's pension if there was no court settlement before they died?During the divorce the assets except his pension were amicably split ...

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  • Cars

    Struggling to park, it's not just you! Modern cars have grown so big that many DON'T fit into Britain's standard parking spaces

    Cars are getting bigger.Each time a manufacturer refreshes one of its existing models the chances are that it will be longer and wider than before.Take the latest VW Polo for example. The supposedly dinky supermini now measures in at four metres long and almost two metres wide - that's larger than the first generation Volkswagen Golf.And one result of manufacturers increasing the size of their cars is that it makes them more difficult to park and pricier to own, with new research showing that hundreds are bigger than the standard UK parking space. Will it fit? A new study has ...

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  • Cars

    Brexit has HALVED new investment in the British car industry this year, trade industry boss claims

    The ongoing uncertainty surrounding Brexit has taken a toll on the British motor industry, with new investment in UK car makers halved in a year, a new report claims today.The Society of Motor Manufacturers and Traders said manufacturer investments into new plants, machinery, tooling and equipment, models and model development fell to £347.3million between January and June this year, down from £647.4million in the first half of 2017.The UK motor industry body went on to blast Prime Minister Theresa May's government's 'slow pace of negotiations' and dubbed the proposed plans for trade after Britain leaves the EU as 'unrealistic'. Investment ...

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  • Markets

    Shares in Britain’s biggest estate agent Countrywide crash to all-time low after it issues second profits warning in just six months

    Shares in Britain’s biggest estate agent crashed to an all-time low after it issued a second profits warning in just six months and outlined plans to tap investors for funds to tackle crippling debts.On a brutal day for investors, Countrywide stock fell 30 per cent, meaning it has lost 54 per cent of its value so far this year and more than 90 per cent since its peak in 2014.The group, which owns brands including Hamptons, Bairstow Eves, Beresford Adams and Gascoigne-Pees, was worth £1.6 billion four years ago but is now valued at £131m.The latest sell-off came after ...

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  • Markets

    Jobs under threat at Marks & Spencer’s banking arm as it slashes branch staff

    Jobs are under threat at Marks & Spencer’s banking arm as it slashes its branch staff.The lender is also cutting back on hours when assistants will be available, meaning that customers will have to rely more on machines and call centres.M&S Bank refused to say last night how many positions might go, but regional managers and front-line assistants are thought to be most at risk. Job threats: M&S has a physical branch in 29 stores, and customers can reach staff remotely from another 51It has a physical branch in 29 stores, and customers can reach staff remotely from another 51.There ...

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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