News archive from 4 November 2012, page 3

MIDAS UPDATE: Water purification firm HaloSource we tipped rises 30% in 25 days

As if to prove that companies investing in India can deliver value to shareholders, HaloSource has had an extraordinary run since Midas Extra, the online subscription column, recommended the shares just three and a half weeks ago (October 10). Then...

 

Silver Spring dries up again leaving the taxman £1.8m short

The taxman is facing a £1.8million loss after the collapse of drinks company Silver Spring. The Kent firm, which makes the Perfectly Clear water brand and the 1870 range of mixers, went into administration at the end of September. Administrator Zolfo...

 

INTERVIEW: New Matalan boss opens rift with call to cut VAT

Retail heavyweight Allan Leighton can bring many things to a business - but ideas, it seems, are not among them. The new chairman of the Matalan fashion chain has just arrived on an overnight flight from Canada, been jogging to work off his jet lag...

 

DAN ATKINSON: Our wealth is as flimsy as our products

You cannot fault the timing of the people who run the Office for National Statistics. Hard on the heels of last week's report by the independent Resolution Foundation showing stagnant earnings for Middle Britain, the ONS will be taking the long view...

 
Shale gas could redraw the economic map of Britain - but price of houses nearby wells could fall by 24%

Shale gas could redraw the economic map of Britain - but price of houses nearby wells could fall by 24%

It is a windfall Governments can only dream about. Out of the blue comes a source of energy worth hundreds of billions of pounds...and it is made in Britain. At one stroke we are no longer dependent on foreign imports. No longer will the Russians be...

 

'I found credit that avoids high current account charges': Going in the red is more expensive than credit...

Banks are raking in more than £2billion a year in overdraft charges as they steadily increase the cost of borrowing on current accounts. Halifax is the latest lender to increase its charges, doubling the cost of overdrafts for those borrowing between...

 

JEFF PRESTRIDGE: Don't let banks axe vital basic accounts

Basic bank accounts are not the most glamorous of financial products. But they offer an essential financial lifeline to more than eight million customers who otherwise might not have a current account. They allow families to enjoy the convenience of a...

 
'Our monthly income is being cut by 58%': Pressure grows on the Coalition to do a U-turn over drawdown pension rules

'Our monthly income is being cut by 58%': Pressure grows on the Coalition to do a U-turn over drawdown...

Furious pensioners who saved diligently throughout their working lives - only to have their retirement income savaged by new Government rules - have contacted Financial Mail to voice their anger. They want the rule changes reversed urgently and accuse...

 
OPINION: Pensioners using income drawdown should be trusted with their own money

OPINION: Pensioners using income drawdown should be trusted with their own money

Yet another pension scandal is upon us - and the fault lies squarely with the Government. Some 400,000 middle-class pensioners who did not want to buy an annuity immediately on retirement decided to use income drawdown. There are restrictions on the...

 

TONY HETHERINGTON: Blundering taxman hounds cancer victim

Mrs C.B.writes: My husband and I are at our wits' end with Revenue & Customs. Last year we did not receive a tax return, and assumed that as the Revenue were fully aware of our financial situation, we need not worry. However, on May 23 we returned...

 
'We have opened a bond to benefit our son': How to choose the investments that increase your returns

'We have opened a bond to benefit our son': How to choose the investments that increase your returns

The top priority for many savers today is the hunt for a good level of income. Unless there is a surprise change when the Bank of England Monetary Policy Committee meets this week, the base rate will have been languishing at the record low of 0.5 per...

 
ASK THE EXPERTS: I'm worried by threat to my Kodak pension

ASK THE EXPERTS: I'm worried by threat to my Kodak pension

TODAY'S experts are CHRIS HOLLOWAY, a chartered financial planner at Dennehy Weller & Co in Chislehurst, Kent; HELEN KANOLIK, who runs HelenK Financial Advice in Wimborne, Dorset; FIONA SHARP, a chartered financial planner with Almary Green in...

 

'Sending case by courier cost me less than airline's fees': How to avoid sneaky airline charges

A crackdown on no-frills airlines takes off next month with a ban on hidden debit card charges. But travellers will still be subject to many other obscure charges - very often on the cheapest deals. Ryanair, easyJet and Flybe are among the no-frills...

 

'Rescue' investors who bought Comet stores for £2 'may walk away with £60m'

The former backers of Comet are to keep the collapsed retailer's lucrative warranties business - amid suggestions that the turnaround investors behind the company could walk away with profits of tens of millions of pounds. The electrical goods...

 

Facebook bingo ads approved despite complaints they would appeal to children

Complaints that a gambling application on social networking site Facebook would appeal to children have been rejected by the Advertising Standards Authority. Bingo Friendzy, the first bingo and slots game on Facebook on which players can win - and...

 


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