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    Divorcing couples fight over big bitcoin profits as spouses claim slice of cryptocurrency gains

    Divorcing couples have started battling over their share of cryptocurrency assets that have soared in value, lawyers have revealed.After adventurous investors jumped on the bitcoin bandwagon in recent years, and bought into other digital currencies like ethereum and ripple, spouses are trying to claim their share of assets that appreciated exponentially in 2017 (and suffered a correction in 2018).In one case, an investor bought £80,000 of cryptocurrency in November 2016, which was worth £1million in December 2017 and is now worth around £600,000 - and his wife wants a slice of the investment. Hidden assets: Divorcing couples have started battling over ...

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    Tesco hatches secret plan to spin-off separate cut-price chain with fewer choices to battle growing threat of Aldi and Lidl

    Tesco is exploring the possibility of launching a cut-price supermarket chain to challenge the growing threat of German discounters Aldi and Lidl.Britain's biggest supermarket has a market share of 27.8 per cent according to recent statistics from Kantar Worldpanel, while Aldi and Lidl combined make up 11.9 per cent.However, the German discounters have grown substantially over the years and now have a bigger market share combined than Morrisons. New brand: Tesco is believed to be considering launching a cut-price brand to battle the threat of Aldi and LidlFurthermore, Tesco recorded sales growth of 2.6 per cent in the 12 weeks ...

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    Interest rates may need to rise 'somewhat earlier and by a somewhat greater extent': Why the Bank is now likely to move faster

    The Bank of England kept interest rates on hold at 0.5 per cent in a unanimous vote today, however, this could be the calm before the storm.The Mark Carney-led central bank turned notably more hawkish in its rhetoric, indicating rates would rise faster than previously expected, sending the pound on a climb.While some may welcome a bit more wind in sterling's sails and savers are desperate for higher rates, for mortgage borrowers, companies and others with debts, the latest commentary from the Bank of England heralds a fresh squeeze on their finances.So why has the Bank decided it may now ...

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    Retailers given welcome boost by stronger January sales but climate on the High St remains cold

    British retailers reported higher sales in January despite tough trading conditions. Figures from the British Retail Consortium and KPMG showed like-for-like retail sales rose 0.6 per cent in January, compared with a fall of 0.6 per cent for the same month a year ago.Total sales rose 1.4 per cent last month, following a rise of just 0.1 per cent in January 2017. Retail boost: British retailers reported higher sales in January despite tough trading conditionsIt was dubbed a decent performance by experts, as the post-Christmas period tends to put a strain on sales.Helen Dickinson, BRC chief executive, said: 'The persisting tough ...

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    Brexit fears for UK economy won't go away as service sector slumps to 16-month low

    Growth in Britain’s services industry hit a 16-month low in January amid existing client losses, weak gains in new work and ‘lingering concerns’ about Brexit.The IHS Markit/CIPS UK Services purchasing managers' index fell to 53 last month from 54.2 in December, below economist expectations of 54.1. A reading above 50 indicates growth.The downbeat economic data comes ahead of Thursday’s Bank of England Monetary Policy Committee vote, which is expected to hold interest rates at 0.5 per cent. Growth slowdown: Growth in Britain’s services industry hit a 16-month low in January amid existing client losses, weak gains in new work and ...

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    Homebase could shut as many as 40 struggling stores across the UK with 2,000 jobs at risk

    Almost 2,000 jobs at Homebase are under threat after the DIY chain’s owners today announced a review of the business.Homebase’s Australian owners Wesfarmers warned as many as 40 stores could close amid ‘poor’ trading results and a £454million impairment charge related to its takeover of the company.‘The Homebase acquisition has been below our expectations which is obviously disappointing,’ Wesfarmers managing director Rob Scott said. At risk: Almost 2,000 jobs at Homebase are under threat after the DIY chain’s owners today announced a review of the business‘In light of this, a review of Bunnings UK [the unit of Wesfarmers that owns ...

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    How to nail a job interview outside the office comfort zone: What to do if you're grilled in a coffee shop, on the phone, or Skype or FaceTime

    In the 21st Century, job interviews are just as likely to be conducted outside the confines of an office meeting room as they are inside – and that may terrify some.Your next job interview might be in a coffee shop, on the telephone, or via video chat over the internet using a system such as Skype or Facetime, with plenty of things that can wrong.It throws up all sort of problems, with the rules of engagement varying depending on the job interview method. Careers and coffee: Many interviews are now conducted outside of the office, such as in a coffee ...

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    Self-assessment tax return deadline looms as three million workers bury their heads in the sand

    With just a few days to go before the online self-assessment tax deadline on 31 January, more than three million Britons have yet to complete their tax return for the last year.Even if no tax is due, anyone who submits their tax return late is slapped with a minimum £100 penalty, which quickly escalates depending on how late the return is sent. So far, around eight million Britons have filed their tax returns for 2016 to 2017, with HMRC's director general Angela MacDonald urging those putting off the inevitable to 'put a stop to that niggling feeling and do your self-assessment ...

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    Punishing the City will hurt Europe: Under fire Hammond's warning to the global elite

    Philip Hammond yesterday warned Europe will lose out if the City of London suffers after Brexit – and ridiculed claims a rival financial centre could be created on the Continent.Declaring Britain will refuse to sign any Brexit deal that does not include financial services, the Chancellor said punishing the City would be ‘a tremendous act of self-harm by the European Union’.He said it was a fantasy to think cities such as Frankfurt or Paris could replace London as a global financial centre.But Hammond later came under fire for suggesting in a speech to business leaders at the World Economic Forum ...

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    Motorists hit with highest petrol prices in three years after supermarkets step back from pump war

    A cooling of the supermarket petrol price war has raised fuel costs for motorists to three-year highs, according to new figures.Competition has 'come off the boil' in recent weeks leading to pump prices for petrol reaching a three-year high at 121.7p per litre, the AA said.The petrol price gap between supermarkets and non-supermarkets has closed from 5.5 pence per litre after the last price skirmish in mid-November to just 3.5ppl. Cooling off: A slow down the supermarket petrol price war has bumped up refuelling costs for motorists, according to the AAThe AA warned that although supermarket forecourts are generally cheaper ...

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    Shoppers' spending fell in December as wage squeeze hit pockets and Black Friday buying cut into Christmas budgets

    Consumer spending growth slowed last year to it's slowest since 2013 as the squeeze on wages filtered through to the high street, Office for National Statistics figures revealed today.The amount consumers spent grew by just 1.9 per cent last year, marking the slowest annual growth for five years and a sharp fall on 2016 when sales jumped 4.6 per cent.Black Friday helped boost spending in the last three months of the year but continued to distort traditional habits with people beginning their Christmas shopping earlier and spending 1.5% less in December than November.Inflation rose above 3 per cent in 2017, ...

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    Has inflation peaked? Consumer price rises set to slow in December to an expected 3%

    Inflation is expected to have peaked and fallen back a little from its near six-year high at the end of last year as supermarkets have kept prices low despite higher costs in the run-up to Christmas.When the official consumer prices index for December comes out on Tuesday, the City expects it to have eased to 3 per cent from 3.1 per cent in November, which was the highest figure in nearly six years.It comes as the Bank of England last month said Brexit-fuelled inflation was 'close to its peak' and would begin to ease back towards its 2 per cent ...

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    BHS butcher found guilty: Dominic Chappell faces huge fine and demand for £10m after failing to come clean over pension black hole

    Sore point: Dominic Chappell has been found guilty of refusing to provide documentsDominic Chappell, the former owner of BHS, faces an unlimited fine and a demand for £10million to plug the firm's pension black holeIn the first case of its kind, the pensions regulator proved that Chappell had failed to provide documents that would have laid bare the full scale of the crisis facing BHS.It now paves the way for future prosecutions of bosses who obstruct officials when they are trying to get to the bottom of financial issues facing companies.After being found guilty of refusing to provide vital documents ...

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    UK economy's major engine stalls as household spending falls for the first time since 2012

    The major engine behind the UK's stuttering economy stalled last year as household spending fell for the first time since 2012, a survey revealed today.Consumer spending for 2017 was 0.3 per cent down on the previous year according to Visa's UK Consumer Spending Index - its worst performance in five years.The festive season saw households holding back compared to last year with spending in December down by 1 per cent compared to the same month in 2016. 'Christmas rounded off a lean year for retailers with consumer spending seeing its first consistent 12-month decline since 2012,' said Mark Antipof, chief commercial ...

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    Festive shoppers hit by soaring food prices but enjoyed pre-Christmas discounting on presents

    Festive shoppers were hit by climbing food inflation last month but retailers lowered prices on many other ranges in the now traditional pre-Christmas discounting rush, new figures show.While an increase in global food prices pushed food inflation higher at the end of the last year, the price of non-food items fell at its fastest rate in almost a year, partly offsetting the rise in food costs.That means that overall, shop prices were 0.6 per cent lower last month than the same time last year, according to the latest BRC-Nielsen Shop Price Index.That is a bigger drop than November’s 0.1 per cent ...

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