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Global stock markets fall as Trump turmoil intensifies

Global stock markets fall as Trump turmoil intensifies

Image copyright Reuters Big falls on US stock markets have dragged down Asian shares over fears the political controversy surrounding President Trump will blunt his ability to deliver tax and regulatory reform. Wall Street’s three main indexes shed more than 1.7%, and the dollar erased most gains made since his election. Asia’s main stock markets […]

Buy-to-let slump after stamp duty change

Buy-to-let slump after stamp duty change

Image copyright PA Mortgage activity in the UK buy-to-let sector has halved since the introduction of a stamp duty surcharge, figures show. Since April 2016, anyone buying a buy-to-let property or a second home has had to pay a 3% stamp duty surcharge. Some 71,100 loans were advanced for house purchases by landlords in the […]

Ikea to create 1,300 new UK jobs

Ikea to create 1,300 new UK jobs

Image copyright Getty Images Furniture retail giant Ikea is to boost its workforce by creating more than 1,300 new jobs in three new stores. A new outlet will open in Sheffield later this year, while stores in Exeter and Greenwich will open in 2018, the firm said. The jobs will increase Ikea’s workforce in the […]

Wall Street stock markets fall as political uncertainty intensifies

Wall Street stock markets fall as political uncertainty intensifies

Image copyright Reuters US stock markets were set for their worst day in months over fears political controversy surrounding President Trump will blunt his ability to deliver tax and regulatory reform. Wall Street’s three main indexes fell more than 1%, and the dollar erased most gains made since his election. The S&P 500 was briefly […]

Share sale set to return Lloyds to private sector

Share sale set to return Lloyds to private sector

Image copyright Getty Images The government is set to say its remaining shares in Lloyds Banking Group have been sold eight years after pumping in £20bn to save it. The sale is expected to be announced on Wednesday by UK Financial Investments, which manages the government’s stake. At the height of the financial crisis taxpayers […]

Tata Steel offers to pump £550m into closed pension fund

Tata Steel offers to pump £550m into closed pension fund

Image copyright Getty Images Tata Steel UK has offered to pay £550m into its now-closed pension scheme and give the fund a 33% stake in its UK business. The former British Steel scheme was shut at the end of March as part of Tata’s plan to avoid going bust. Tata said the injection of new […]

FTSE 100’s record-breaking streak continues

FTSE 100’s record-breaking streak continues

Image copyright AFP The FTSE 100’s recent record-breaking run showed no sign of ending as the UK’s main share index set new intra-day and closing highs. The index climbed above the 7,500 level for the first time, closing at 7,522.03 points after nine days of gains. Confidence in the outcome of the UK election and […]

Vanguard move sparks price war for personal investors

Vanguard move sparks price war for personal investors

Image copyright AFP Image caption Stock market investors can do-it-themselves cheaply, argues Vanguard The huge US investment firm Vanguard is launching a new service to attract personal investors in the UK. The company specialises in offering tracker funds with very low charges. Until now most of its business in the UK came through stockbrokers and […]

Sales growth grinds to a halt for TK Maxx

Sales growth grinds to a halt for TK Maxx

Image copyright Reuters Image caption TJX operates more than 3,800 shops globally Retail group TJX has reported soft sales growth, further clouding the outlook for the US retail industry. The owner of chains such as Marshalls, TJ Maxx and HomeSense, said sales at stores open for at least a year rose 1% in its first […]

General election 2017: Labour ‘plans water industry nationalisation’

General election 2017: Labour ‘plans water industry nationalisation’

Image copyright PA Image caption The Labour leader will launch his party’s manifesto on Tuesday Labour would nationalise the multi-billion pound water industry if elected, the BBC understands. Under proposals to be outlined in its manifesto on Tuesday, Labour would create nine new public bodies to run the water and sewage system in England. By […]

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