• Markets

    Leon has high hopes for its US expansion – and convincing Americans to give its fish-finger wraps and Moroccan meatballs a go

    Leon has high hopes for its US expansion – and convincing Americans to give its fish-finger wraps and Moroccan meatballs a go.The British chain will open its first US outlet in Washington DC in August in a bid to encourage fast-food fans to swap Big Macs and hot dogs for healthier alternatives.The firm was founded in 2004 in Carnaby Street, London, by John Vincent, 46, chef Allegra McEvedy, 47, and Henry Dimbleby, 48. On the up: Chief executive John Vincent (pictured with his wife, broadcaster Katie Derham)It now has 49 restaurants in the UK as well as sites in Amsterdam, ...

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  • Markets

    China buries clause in deal to buy British microchip firm that will stop its technology ever being sold back overseas

    China has buried a clause in the deal to buy a British microchip firm that will stop its technology ever being sold back overseas.Businesses backed by the Beijing government have included the clause in the £580m takeover of a division of ARM Holdings, which was regarded as Britain’s most powerful tech company before it was sold to a Japanese firm in 2016.Cambridge-based ARM makes chips used in almost all of the world’s smartphones, and the latest deal is widely seen as an attempt by China to get its hands on the pioneering technology to boost its own commercial and military ...

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  • Holidays

    Travel insurance to get easier to find for cancer sufferers and those with long-term illnesses, as investigation flags major problems

    Finding travel insurance for those who have had cancer or other serious illnesses can often seem almost impossible, but it should now get easier after an investigation by the financial watchdog.The Financial Conduct Authority has outlined plans to introduce a new signposting system, designed to push people with long-term health conditions away from mainstream insurers - and move them towards specialists that are more likely to cover them and at a cheaper price.At the moment, those with pre-existing health conditions can be quoted premiums that run into hundreds or thousands of pounds by mainstream insurers, because of the extra 'risk' ...

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  • Markets

    Tesco promises price cuts as it ditches its Brand Guarantee scheme that matches rival prices

    Tesco is ditching its Brand Guarantee price-matching scheme to focus instead on cutting the prices of everyday products, it announced today.The UK's biggest supermarket argued that less than one in eight transactions receives any refund under the scheme and said the 'majority' of customers would prefer lower everyday prices.In a statement today, Tesco pledged to make additional price cuts on popular products, which will be introduced in stores over the next two weeks.  Tesco dropped its Brand Guarantee after collecting customer feedback on the schemeThe Brand Guarantee, launched in 2015, gave shoppers who purchased at least 10 items, including one ...

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  • Investing

    SMALL CAP IDEAS: Kibo Mining’s transformation into a pure energy company is now well underway

    The African continent is crying out for new power generation projects, looking to connect deprived areas and bring to bear the benefits of electricity on industrial and economic growth.Kibo Mining aims to be a leading regional player in addressing that need, a strategy that is just emerging after a rethink about the company’s mining assets. These are now being spun out into an associated vehicle, Katoro Gold, while Kibo concentrates on the power generation business. Leading the way: Kibo Mining aims to be a leading regional player in addressing Africa's need for new power generation'We are changing the strategy to become a ...

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  • Cars

    Motorists given a heatwave warning: Driving dehydrated can have the effect of being over the drink drive limit

    With a mini-heatwave hitting the UK this week, motorists are being warned of the dangers of being dehydrated at the wheel.Scorching temperatures of up to 90F have been predicted, which will see Britain bathed in hotter conditions than those in Tahiti.But while this is great news for sun worshippers, such temperatures can have repercussions for drivers if they don't drink enough water, claims a UK university study, which showed a similar decline in reactions to being over the drink drive limit. Dangers of dehydration: Studies have shown that driving while dehydrated can have a similar impact to being over the ...

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  • Buy-to-let

    The search for buy-to-let returns: How to invest in student property

    Recent changes to the way landlords are taxed have caused questions to be asked in large swathes of the buy-to-let market.But in spite of warnings that buy-to-let is struggling, investing in Britain's private rented sector continues to attract many people looking for a decent return on their money.This is because it is still possible to make an investment in UK property profitable - you just need to know what you're doing and be much pickier than before.One increasingly popular approach over the past few years has been to put your money into student accommodation, where investors can benefit from lower ...

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  • Pensions

    Are you stuck with a frozen pension? Business owner whose pot is STILL £15,333 after 12 YEARS urges fellow savers to join his campaign for fair treatment

    Frozen: James Hawken's with profits pension has not seen a penny of growth for 12 yearsA saver whose pension has seen zero growth for 12 years has launched a national campaign for fair treatment of people stuck on similar deals.James Hawken, 49, wants to rally support among savers left out of pocket after taking out 'with profits' products, pile pressure on politicians to investigate and potentially launch legal action against providers.In a case highlighted by This is Money last year, he has not seen a penny of growth on his £15,333 pension pot with Phoenix Life for years, while shelling ...

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  • Investing

    Thinking of lending money to make a return that beats savings rates? Eight questions you need to ask before you get into peer-to-peer

    Michael Lynn is a qualified chartered accountant with 47 years' experience and the chief executive of Relendex, which he founded in 2013. This FCA authorised peer-to-peer platform brings together lenders to fund loans secured on UK commercial property.   In recent years, technological advancement coupled with the changing face of the UK economic investment arena has resulted in people considering other forms of investment options. However, many shy away from putting their money into stocks and shares as they feel they are heading into the unknown with no protection if the market drops.  Worth a look: Peer to Peer lending offers an alternative for ...

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  • Markets

    Countrywide shares plunge 25% after the estate agency warns of lower profits and calls for fresh cash to cut its debt

    Shares in Countrywide have fallen by 25 per cent after the estate agent group issued a warning over its profits and vowed to raise fresh funds in a bid to cut its debts.The property group admitted trading was 'subdued' in the first half, with transactions taking longer to be completed.Countrywide, which owns a number of brands including Hamptons and Bridgfords, now expects its first half earnings to come in £20million lower than a year ago. On the slide: Shares in Countrywide fell by 25% in early morning trading The group's share price fell by 25 per cent in early morning trading and ...

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  • Net Worth

    NYC Taxi Medallions Sell For More Than $24 Million

    Taxi medallions are the New York City issued licenses yellow cabs are mandated to possess. Several medallions that belonged to convicted felon Evgeny Freidman sold for more than $24 million.  The taxi medallions were auctioned off after the 47-year-old Russian pled guilty to felony tax fraud in the amount of $5 million last month. A total of 139 medallions were sold during the auction including 20 for hybrid taxis and 32 for accessible taxis.Friedman was once called Taxi King and ran a taxi medallion business with Michael Cohen, Donald Trump's personal attorney. Friedman has agreed to cooperate with the government's ...

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  • Net Worth

    27-Year-Old Billionaire John Collison Attributes His Success To His Employees, And Luck

    Depending on how you feel about the concept of the self-made billionaire, at 27, John Collison qualifies as the youngest in the world. He founded payments company Stripe along with his brother Patrick, raking about a billion dollars off the top of the $9.2 billion company to earn that title. But in a recent interview on the NPR podcast How I Built This, Collison was open about how much of that success can be attributed to his own intelligence and work ethic and how much of it can be linked to other, external factors:"I think the question is less about, you ...

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  • Net Worth

    Mark Zuckerberg Is Inches Away From Being Richer Than Warren Buffett

    Facebook co-founder Mark Zuckerberg has famously claimed not to have any real interest in money or wealth, which just goes to show that many of us are cursed to end up with an overwhelming surplus of the very thing that doesn't interest us: Bloomberg reports that he may be on the cusp of overtaking Warren Buffett on the list of the world's richest people.The news comes as Facebook's stock is in the midst of a recovery from the social media platform's disastrous PR woes earlier this year, as many users' concerns about privacy became crystallized by the Cambridge Analytica data ...

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  • News

    London is the most desirable city for overseas workers in the world - but the wider UK is less appealing for job seekers

    London is the most desirable city in the world for overseas workers, a study revealed today.With Brexit looming, the capital's prowess as a hub for finance and culture shows no signs of slowing down, the Boston Consulting Group's survey suggests.But, according to the responses of 366,000 overseas workers spanning 200 countries, the UK has slipped from being the second to the fifth-most popular country for overseas workers. Popular: London is the most desirable city in the world for overseas workers, a major new study revealsLondon is now more popular than New York, Berlin, Barcelona and Amsterdam as a place to work ...

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  • Markets

    Marks & Spencer joins forces with Microsoft as it bids to battle high street woes with the power of Artificial Intelligence

    High street stalwart Marks and Spencer has joined forces with technology giant Microsoft as it bids to revive its fortunes using technology, including Artificial Intelligence.The struggling retailer, which unveiled plans to shutter around 10 per cent of its shops earlier this year, will draw on Microsoft's knowledge to test how AI can be used to transform the customer experience, improve its stores and make wider operations more efficient. Marks & Spencer is in the midst of a turnaround as boss Steve Rowe strives to make the firm 'digital first'The two firms penned the deal last week, with M&S hailing the ...

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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