• News

    Rail passengers avoid fare increases after watchdog imposes price cap on South West Trains

    Rail passengers in the south of England will be spared paying more for a worse service after the competition watchdog agreed to a cap being put on South West Trains rail franchise's ticket prices.The Competition and Markets Authority last month warned that First Group and MTR s operation of the London-Exeter route raised antitrust concerns as First Group already operates Great Western Railway, which runs the only other train service between the cities.Without intervention, the CMA said the firms may have been able to increase fares for passengers. Rail passengers will be spared higher fares after the competition watchdog agreed ...

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  • Holidays

    Business-class flight searches up 63% this year as holidaymakers consider the extra expense of travelling in luxury

    Appetite for business-class travel appears to have grown this year with a website reporting a 63 per cent increase in 'premium cabin' flight searches compared to 2016.Asprational holidaymakers flying from London airports to popular long-haul destinations are looking increasingly at business and first class: searches for London to Bangkok showed an increase of 94 per cent, while London to Cape Town grew by 60 per cent and London to Singapore topped the list with an increase of 166 per cent.Many travellers may feel business class is out of their budget, but Cheapflights has also revealed how they can fly at ...

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  • Student Finance

    RACHEL RICKARD STRAUS: We teach toddlers about dinosaurs, but tell teenagers to measure their education as a return on investment - learning is about so much more than earning

    I love the fact that we teach young children about giraffes, dinosaurs and planets.None of these are essential bits of information for a new person in the world. They re unlikely to encounter a giraffe, being able to identify a Tyrannosaurus Rex is no longer a key survival skill and really what those things are that sparkle in the sky is by-the-by on a day to day basis.And yet small people often learn about them far earlier than more practical bits of knowledge. I think this says something brilliant about us and our values. The good stuff: Children are often ...

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  • Markets

    Heineken's 403m Punch Taverns takeover gets green light after watchdog approves plans to sell off some of the 1,900 pubs

    Heineken s 403million takeover of Punch Taverns has been given the thumbs up after the competition watchdog accepted plans to sell off some the almost 1,900 newly-acquired pubs to allay fears it could reduce competition.The Dutch brewing giant s proposal to offload pubs in 33 areas across the UK to address antitrust concerns was accepted by the Competition and Markets Authority (CMA) today, averting a possible further investigation.The CMA said in June that the deal could impact competition, cut the range of beer and cider on offer and increase prices for drinkers in 33 location throughout the country. Green light: ...

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  • Cars

    Mercedes-Benz follows in BMW's footsteps with 2,000 diesel trade-in deal (but you won't get a discount on a petrol model)

    Mercedes will offer 2,000 off the price of one of their new greener diesel cars to owners of high-emissions older models when they trade in their vehicle.The German premium brand has emulated rival BMW, which offered its own diesel-only discount incentive last week.Called the 'Diesel changeover bonus', only Mercedes' latest diesel models and hybrids are eligible for the 2,000 saving - but the petrol-driven range isn't inclusive of the offer, pushing drivers to diesel cars that are becoming less popular in the face of impending toxin taxes. 'Diesel changeover bonus': Mercedes has followed in the footsteps of BMW buy offering ...

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  • Investing

    World's oldest investment trust Foreign & Colonial has weathered 150 years, two world wars and financial crisis, but is it a good proposition?

    It might be the world's oldest investment trust, but F&C is still going strong thanks to bumper returns from emerging markets and European equities.The net asset value per share of the Foreign & Colonial Investment Trust, founded in 1868, gained 9.1 per cent in total return terms in the first six months of the year - 2.8 percentage points more than its benchmark, the FTSE All-World, over the same period.Those who piled into the trust 20 years ago would have seen their investment grow by 408.55 per cent (to 10 August). In other words, a 1,000 investment would have risen ...

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  • Markets

    MARKETS LIVE: Markets tetchy after terror attack and rumours that Trump economic advisor Gary Cohn will quit the White House

    Shares have fallen after a terror attack struck the heart of Barcelona, killing 13, while there are also rumours that Gary Cohn, director of the National Economic Council and a critical influence on policy decisions in the White House, could resign.It comes shortly after Trump s business councils were disbanded amid rising pressure on CEOs to cut ties with the Presidentfollowing his response to violence at White Nationalist protests over the weekend.On the company news front Reckitt Benckiser has completed the sale of its food business to McCormick, including the French's, Frank's RedHot and Cattlemen's brands. Rumours that Gary Cohn, ...

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  • Pensions

    For a sunny retirement, go south! West Sussex is revealed as the best place for pensioners to live with good weather and low crime rates

    Boasting rolling fields, a colourful history and bouts of sunshine, West Sussex has been ranked as the most attractive place for a happy retirement, knocking Dorset from the top spot.The rural area in the south of England was lauded for having good weather, a low crime rate and a strong disability-free life expectancy, in Prudential's updated Quality of Retirement Index.The new analysis put affluent Dorset down to second place, while East Sussex, Devon and Norfolk were revealed as the other most attractive 'grey hotspots'. West Sussex has been revealed as the most attractive county for pensioners to live in, knocking ...

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  • Markets

    Historic map maker Ordnance Survey plots course to record revenues

    Mapping agency Ordnance Survey is reeling in record revenues with businesses and authorities turning to its pinpoint-accurate data.The Government-owned firm reported revenue of 152.8million during the latest financial year, up 4 per cent on the previous year and above 150million for the first time ever, although profits of 42.5million fell from 46.9million.Founded in the 18th century to help fend off the French, Ordnance Survey has a vast digital mapping database updated 10,000 times a day. Non-executive chairman Kieran Murphy said: 'The geospatial data which OS collects, processes and distributes to its many users provides an essential underpinning for a vast ...

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  • Comment

    MAGGIE PAGANO: Horrifying scale of youth unemployment means Europe faces losing another generation

    President Emmanuel Macron will be chuffed that France's unemployment rate has fallenPresident Emmanuel Macron will be chuffed that France s unemployment rate has fallen again, albeit by a fraction, to 9.5 per cent. This leaves an astonishing 2.65m of the French population unemployed but at least the back has been broken.That s the good news, for the French and the eurozone, which is now showing some stirrings of growth.Now for the bad news.The young Sun King who made labour reform such an integral part of his En Marche campaigning will not be so happy to see that the figures ...

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  • Markets

    DAILY BRIEFING: Retail sales up 0.3% in July as British shoppers continue to splash out

    Retail therapy: Britons are continuing to shop despite rising pricesSPREE CONTINUES British shoppers continued to splash out last month confounding fears of a sharp slowdown in spending as prices rise.The Office for National Statistics said retail sales rose 0.3 per cent in July following a 1.5 per cent increase in the second quarter of the year.JOB CUTS Telecom operator Ericsson has refused to rule out job cuts in the UK. It may axe around 25,000 jobs outside Sweden, nearly a quarter of its 109,000 global staff. It has 11 sites in the UK.TECH PARTNERSHIP Technology firm Seeing Machines has ...

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  • News

    EU 'triggered crisis at Spanish lender Banco Popular', say investors

    Banco Popular collapsed in June and was sold to Santander for 1Brussels bureaucrats triggered a run on a Spanish lender, investors have claimed.Banco Popular collapsed in June and was sold to Santander for 1 after a loss of confidence which saw families rush to pull money out.But hedge funds which owned bonds in the bank say the problem was worsened by the European Union's Single Resolution Board, after Elke Konig, the head of the organisation responsible for winding up failing lenders, undermined Popular, saying the board was 'watching' the bank. Days later, an anonymous official said an 'early warning' had ...

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  • Markets

    Windfall for Saracens rugby club boss as his stake in investment firm YOLO Leisure and Technology nearly doubles in value

    The owner and chairman of Saracens rugby club, Nigel Wray, saw his stake in investment firm YOLO Leaisure and Technology shoot up by 3.3million yesterday after the company soared in value.YOLO named after the phrase you only live once rose 65 per cent after one of its investments, music-streaming service Electric Jukebox, said it would list on the London Stock Exchange next year.Electric Jukebox, 41 per cent owned by YOLO and backed by celebrities including Sheryl Crow and Robbie Williams, was also boosted by the launch of its second entertainment device, a karaoke machine called Roxi. He scores: Nigel Wray, ...

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  • News

    After the bump, is this now the Trump slump? White House crisis rocks the markets

    A tremor shook Wall Street yesterday as investors panicked over a rumour that one of Donald Trump's top financial advisers was about to quit.Former Goldman Sachs banker Gary Cohn has been a lynchpin of Trump's struggling administration and is spearheading the tax reform efforts which have driven US markets to record highs.But he is said to have been horrified by the president's suggestion there was no difference between white supremacists who killed a woman in Charlottesville and the protesters confronting them. Liability: Donald Trump's top financial adviser Former Goldman Sachs banker Gary Cohn is rumoured to be about to quit ...

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  • Markets

    French unemployment falls to five-year low of 9.5% - still more than twice as high as the UK

    Unemployment in France has fallen to a five-year lowUnemployment in France has fallen to a five-year low but is still more than twice as high as in the UK where dole queues are the shortest for 42 years.Official figures showed the jobless rate in France fell from 9.6 per cent to 9.5 per cent in the second quarter of the year, the lowest since 2012, but was still more than double the UK s jobless rate of 4.4 per cent. The last time it was lower was 1975. By contrast, the jobless rate across vast swathes of the single ...

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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