Money

How Controlling Your Living Expenses Can Lead to Financial Freedom

What should you consider in coming up with your living expense level?

I’m using this strategy to generate a second income stream for a comfortable retirement

With only £100 a month, this Fool UK contributor is aiming to secure a comfortable retirement with a second income stream. The post I’m using this strategy to generate a second income stream for a comfortable retirement appeared first on The Motley Fool UK.

UK's Metro Bank to lay off 20% of workforce

(Reuters) - British lender Metro Bank on Thursday announced plans to lay off 20% of its headcount as part of its cost-cutting drive to save up to 50 million pounds ($63.51 million) a year. Metro, which earlier this week received shareholder approval for a refinancing and recapitalisation plan, said the cost reduction plan is expected to be completed in the first quarter of 2024. The lender

Brighton council warns it is in ‘financial peril’ and will have to make millions in cuts

Brighton council warns it is in ‘financial peril’ and will have to make millions in cuts - Brighton and Hove City Council says it will be forced to make millions of pounds in savings

Commerzbank seeks wealth fund investor in Asia, Mideast- Bloomberg News

(Reuters) -Commerzbank's chief executive officer Manfred Knof has approached state-backed funds from Asia and the Middle East in recent weeks to gauge their interest in buying a stake of up to 9.9%, Bloomberg News reported on Friday. The German bank is talking to sovereign wealth funds about becoming an anchor investor to shore up its defenses against any opportunistic takeover bid and preserve

Why are millionaires suddenly moving out of China?

Central bank spending is like ‘heroin’ for households, says Jamie Dimon

The chief executive of the world’s largest bank has compared a $9 trillion wave of cash unleashed during the pandemic to heroin, as he suggested the US economy is addicted to debt. Jamie Dimon, chief executive of JP Morgan, warned the world was now facing a “dangerous cocktail” of risks that could prove “explosive” for the global economy. While Mr ...

Why I’d put £5k into sold-off value stocks right now

Conditions look great for finding sold-off value stocks with strong forward-looking potential. And I feel some of these will likely fly! The post Why I’d put £5k into sold-off value stocks right now appeared first on The Motley Fool UK.

Martin Lewis says some households to get more take-home pay as tax cut

Check your salary below to find out how much money you'll be receiving in January

UK investment advisers face capital hike to cover compensation costs

By Huw Jones LONDON (Reuters) -Investment advisers in Britain should hold extra capital to cover compensation costs, regulators proposed on Wednesday, in a bid to put a lid on the rising bill for bad advice. Firms regulated by the Financial Conduct Authority are already required to pay a levy to a Financial Services Compensation Scheme, whose payouts are capped at 85,000 pounds ($107,865). The

Metro Bank investors back $1.15 billion rescue plan

LONDON (Reuters) -Investors in British lender Metro Bank on Monday backed a 925 million pound ($1.15 billion) rescue package for the bank that hands majority control to its biggest shareholder, Colombian billionaire Jaime Gilinski. Metro Bank struck a funding deal last month that included a 325 million pound capital raise and 600 million pound debt refinancing, after urgent weekend talks to

Pound gets a lift from rate outlook; Sunak heralds FDI boost

By Amanda Cooper LONDON (Reuters) - The pound gained for a third day on Monday and was on track for its largest monthly rise versus the dollar in a year, largely a result of investors ditching the greenback ahead of what many believe will be a rapid shift to U.S. rate cuts in 2024. Separately, in a potential longer-term boost for sterling, Prime Minister Rishi Sunak announced a raft of foreign

Lloyds to give Frazer notice of £1.2bn Telegraph loan repayment

Ministers will be given notice on Wednesday that the Barclay family is ready to repay a £1.16bn loan to Lloyds Banking Group, paving the way for a public interest probe into the future ownership of The Daily Telegraph.

How I’d invest my first £100 today to target an £11,687 passive income

If I were to invest my first £100 again, I’d avoid common pitfalls and target an £11,687 passive income with this wealth-building strategy The post How I’d invest my first £100 today to target an £11,687 passive income appeared first on The Motley Fool UK.

Charlie Munger: how to invest like one of the very best

As news of Charlie Munger’s passing breaks, Stephen Wright looks at some of the principles behind the success of one of the greatest ever investors. The post Charlie Munger: how to invest like one of the very best appeared first on The Motley Fool UK.

Deloitte predicts global revenues for women's elite sport will top £1bn in 2024

Global revenues for women's elite sport will top £1billion for the first time in 2024, finance company Deloitte predicts.

MAS's Menon: Private Digital Coins Have 'Miserably Failed' the Test of Money

Monetary Authority of Singapore Managing Director Ravi Menon shares his take on private cryptocurrencies such a bitcoin. He speaks at a joint conference by the Hong Kong Monetary Authority and the Bank for International Settlements. (Excerpt)

How to boost your income: 20 ways to get more cash

Everyday life is getting increasingly expensive. If things are feeling a little tight, you’re certainly not alone. Over the summer, the BBC reported that 11 million Brits were struggling to pay bills. Average prices are soaring in every part of our lives, from the supermarket aisle to fuel and especially our utilities. So, how can you stretch to make ends meet? While there’s no magic solution to your financial woes, one option is to look at ways to boost your income. We spoke to two personal finance experts to share advice on how you can get more cash at the end of each month. Here’s what you need to know.

National Lottery results: Winning EuroMillions numbers for mammoth £173m jackpot

The numbers are in for tonight's potentially life-changing EuroMillions draw with a whopping £173million jackpot on offer - any Brit to win would scoop the third largest prize the UK has seen

How Keir Starmer 'would add £20bn' to UK debt if elected with 'unfunded promise'

The massive green investment planned by Labour could take away funds from other much-needed areas.

Martin Lewis urges anyone who wants to buy a property to spend £1 and get £1,000

Lifetime ISAs (LISAs) allow you to save up to £4,000 each tax year for your first home or retirement - in return, the Government then pays you a bonus worth 25% of your savings

All the money changes coming in December 2023 – from inflation rates to cost of living pay

Here's what you can expect for your finances this Christmas.

If I put £10k in Lloyds shares today, how much could I have in 5 years time?

So, what should I buy with my next chunk of investment cash? Should I go for something new, or snap up some more Lloyds shares? The post If I put £10k in Lloyds shares today, how much could I have in 5 years time? appeared first on The Motley Fool UK.

How to appear rich without breaking the bank

Money comes and goes, but appearing rich can last forever. While you're waiting for the big paychecks to roll into your bank account, what is the harm in presenting an illusion of that lifestyle to others? In fact, it may even open windows to the real deal! Of course, there is more to life than material things, but having nice things is definitely a bonus. Take a look through the gallery, inspired by Self-Made, for some tips on how best to indulge in the facade of wealth.

Analysis-Job cuts, lean bonuses loom over Europe's bankers in 2024

By Sinead Cruise, Iain Withers and Lawrence White LONDON (Reuters) - A mix of global economic unease and geopolitical uncertainty means optimism is in short supply among bankers from the City of London to Frankfurt's 'Mainhattan' financial district. Even rainmakers renowned for seemingly conjuring deals from nowhere are struggling to see ways to work their magic and drag investment banking

'Most popular' ISA for boosting tax-free savings - and how you can apply

As the Government prepare to collect £6.6 billion from savers this tax year, Britons are urged to consider ISAs as away to cut this bill down.

Why do they give? Donors speak about what moves them and how they plan end-of-year donations

What motivates people to donate to charities or causes they care about is often deeply personal. Donors name relatives or friends who have survived or died from illnesses. They recount tearful conversations with their children. They point to their aspirations for how their communities and the larger world could be improved. In advance of GivingTuesday, The Associated Press interviewed people from across the country with a variety of life...

What Should You Value More — An Investor's Money or Their Experience?

On this episode of "Entrepreneur Elevator Pitch," a contestant has a very tough decision to make: Take the big money now, or gamble on bigger money later. On Entrepreneur Elevator Pitch, every contestant is just 60 seconds away from a rise to greatness or a fall from glory. By the end of these nail-biting, stomach-churning episodes, some entrepreneurs walk away with business-boosting investments, and some go home empty-handed. You never know how your nerves will hold up when it is your time to pitch, and if you get into the boardroom, you never know what kind of questions you will face or what problems will pop up. And on this week's episode, one entrepreneur faces what is considered to be a good problem to have: two investors battling for their business. One offers more money; one offers more experience. Which would you value more? See which way they go on the new episode of Elevator Pitch, streaming now!

Euro 2024 prize money revealed and what winners earn as UEFA confirm eye-watering pot

The prize pot for Euro 2024 has been confirmed by UEFA and whoever wins next year's tournament in Germany could bank up to £24.2m in prize money depending on results

“It covers my utilities bill”: German electronic musician Hainbach reveals how much his 1 million Spotify streams earned him in 2023

“Bandcamp or coming to a live show is still the best way to support me and other artists,” he confirms

'I'm a finance expert and this is one thing savers should do once a week - act now'

As the base rate is predicted to remain at current levels until late 2024, how can savers benefit?

Global firms rush to buy Alipay's stake in India's Zomato

(Reuters) - Global money managers and banks ranging from Vanguard to Goldman Sachs as well as the Singapore government rushed to grab a slice of Zomato after Chinese payments group Alipay offloaded its entire 3.44% stake in the Indian food delivery platform. Earlier on Wednesday, Alipay launched a $400 million stake sale in Zomato through block deals, hours after Reuters exclusively reported the

Climate funds for developing countries will be a key focus at COP28

Finance is set to be at the heart of COP28, the UN climate summit starting on Thursday in Dubai, with economists saying that around $1 trillion per year is needed to support developing countries in their fight against climate change.

This London tech company is the fastest growing in the UK this year

The UK's fastest growing tech company in 2023 has topped 1m customers and £5bn in assets under administration (AUA).

Lagarde Says ECB May Revisit Pandemic Bond Portfolio

European Central Bank officials may soon revisit their 1.7 trillion ($1.9 trillion) pandemic bond portfolio and reconsider how long they will replace maturing securities, President Christine Lagarde says during remarks before European Parliament lawmakers in Brussels. Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com Connect with us on... Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness/ Instagram: https://www.instagram.com/quicktake/?hl=en

Sri Lanka says it struck a deal with creditors on debt restructuring to clear way for IMF funds

Sri Lanka says it struck a deal with creditors on debt restructuring to clear way for IMF funds - Sri Lanka says it has reached an agreement in principle with a group of creditors including India and Japan on debt restructuring

Lloyds shareholders could reap £500m bonanza from Telegraph deal

Shareholders in Lloyds Banking Group could reap a windfall worth more than £500m early next year following a deal that will see it repaid loans in full by the owners of The Daily Telegraph.

Clock is ticking for Woodford investors to decide on compensation - but is it fair?

It is decision time for those investors who lost money as a result of the meltdown of investment fund Woodford Equity Income.

Scammer paid Facebook 7c per view to circulate video of deepfake Jim Chalmers and Gina Rinehart

A scammer paid Facebook’s parent company $7,000 to reach up to 100,000 people in Australia with a deepfake A Current Affair video featuring altered versions of Jim Chalmers, Dick Smith, Andrew Forrest and Gina Rinehart, data reveals. Smith issued a warning to the public earlier this week after a video began circulating on Facebook and Instagram in recent weeks. The video was designed to appear like a segment on A Current Affair, featuring host...

What drives you mad about going to the shops? This is Money podcast

After the CMA fired a broadside at consumer brands giants for 'greedflation' and warned Tesco and Sainsbury's over Clubcard and Nectar Prices, we head down the shops.

Investors agree to further redemptions delay at $2.1 billion Lendlease Australian property fund-source

By Lewis Jackson SYDNEY (Reuters) - Five years after they first requested money from a A$4.2 billion ($2.73 billion) commercial property fund run by developer Lendlease, investors have agreed to further delay the payment deadline to next year, a source said on Monday, as a glum real estate market slows sales. The Lendlease Australia Prime Property Fund - Retail caters to institutional investors

How to save on a home in the buyer's market - and what if you want to sell? Lunch Money

We discuss how much people are getting off asking prices, how to negotiate and what sellers can do, plus pension pot for life plans and a sneaky cash Isa trick to beware

Leverage the correction and buy dirt-cheap shares to target a richer lifestyle

Zaven Boyrazian explores his strategy for buying cheap shares in uncertain, volatile market conditions for long-term wealth creation. The post Leverage the correction and buy dirt-cheap shares to target a richer lifestyle appeared first on The Motley Fool UK.

Hitman: Blood Money Reprisal iOS hands-on: Touch and go mobile murder

Hitman: Blood Money Reprisal on iPhone 15 Pro Max is a joy to play that could have benefited from pushing the boat out a little more.

Trump put under 'enhanced monitoring' over undisclosed $40 million cash transfer: report

Former President Donald Trump has been placed under "enhanced monitoring" after Trump Organization monitor Barbara Jones identified $40 million in previously undisclosed cash transfers, reported Law360's Frank G. Runyeon on Wednesday. Jones alerted Judge Arthur Engoron, who is overseeing Trump's civil fraud trial in New York. "The Materiality Thres...

Monzo chief says bank has earned ‘the right to dream bigger’ as it targets the US

Monzo chief executive TS Anil has said the digital challenger bank has "international ambitions", noting a "huge gap" in the American market, but refused to speculate on where or when the firm could list publicly.

I’d start snapping up cheap shares before they get costlier

Now or later? Christopher Ruane explains why he isn't hanging around when it comes to snapping up cheap shares for his portfolio. The post I’d start snapping up cheap shares before they get costlier appeared first on The Motley Fool UK.

Where do we find the £100bn needed to fix Britain? Margaret Hodge has the answer

The country staggers under the effects of austerity, Brexit and extreme mismanagement of just about everything, ensuring Covid and the ramifications of the war in Ukraine hit us harder than others. There Britain sits, close to the bottom of almost every league table of similar countries on growth, productivity and investment, lagging in every public service. Labour will inherit nothing but black holes. Read George Monbiot’s column from last week...

Moneysaving tips this Christmas: How to save money this year

Moneysaving ideas for the festive season.

Millennial Money: 5 steps to creating financial boundaries during the holidays

Millennial Money: 5 steps to creating financial boundaries during the holidays - The holidays are a time when travel, gift buying and family outings are abundant