Complaints about fraud and scams have hit a six-year high, according to the Financial Ombudsman Service (FOS). So, what’s going on? Let's dive into this issue and find out why so many people are getting tricked and losing money. What’s Behind the Spike in Complaints? The FOS, which helps sort out disputes between consumers and …
Barratt Faces Big Losses as Fewer Homes Get Built Barratt Developments, the UK's biggest housebuilder, is having a pretty torrid year. A fall of 75% in profits has been witnessed for the company due to various challenges that are hitting the housing market. Many people struggle with the rising cost of living and higher mortgage …
Burberry is a British brand known for its check print and chic trench coats that just took a severe blow. Burberry is out of the UK's premier stock market index, the FTSE 100, after 15 years. This was due to one especially rotten year whereby the company's share price fell about 50% in the last …
Volkswagen, one of the world's biggest carmakers, warned it only had "a year, maybe two" to turn things around. News of the decline comes with the company facing a serious decline in car sales in Europe. The German car giant is considering a radical plan to close some of its factories in Germany. This will …
Labour's U-Turn on British ISA Plans The new Labour government has just announced the abandonment of plans for what has been dubbed the "British ISA". There were few who expected this move, least of all because Labour had pledged it would not abolish the plan. The "British ISA" was a proposal aimed at enabling savers …
It was a sour day for the world stock market, as shares crudely fell across Asia, Europe, and the US on Wednesday. The reason behind this decline could be attributed largely to growing concern about the health of the global economy, with particular attention given to the United States as the world's biggest economy. The …
Big changes are coming to Scotland's train system! The Scottish Government decided to replace the old high-speed trains running between Glasgow, Edinburgh, Aberdeen, and Inverness. This happens against the background of the safety concerns raised about these trains, particularly after the tragic accident in 2020. New Trains for a Safer Ride The search for new …
Thanks to pineapples, a new, quirky trend is taking over Spain. Nicknamed "Pineapple-gate," the craze is sweeping across the nation, leaving some hilarious and chaotic scenes in many supermarkets. Here's the scoop on this fruity phenomenon that's got everyone talking. The Pineapple CodeIt all started with a video shared by Spanish actor and comedian Vivy …
In fact, the UK has proved that it's still a top choice for investors, where this country is oozing out with strong confidence in its financial stability. The country has recently held an auction for some government bonds, and the demand happened to be more than 10 times what was actually available! Let's decipher this …
Phone Snatching on the Increase There has recently been a significant leap in the numbers of phone theft across England and Wales. In just one year, the number of snatched phones has more than doubled! According to the latest government figures, about 78,000 phones, wallets, and bags were stolen from people between last March and …
TfL is dealing with one of those pesky cyber-attacks, but the good news is that it won't affect your ride across London. Here's what's going on and what it means for you. Transport for London, which operates most of London's buses, trains, and other transport services, said it has been dealing with a cyber-attack, meaning …
In a big repair center located just off Newark in the UK, small parts from old mobile phones and broken appliances are recycled to create like-new products. This bustling hub is the core of Currys' repair and recycling, through which thousands of gadgets, starting from smartphones to fridges, are resuscitated every year. At the center …
On a day when Wall Street was desperately trying to stay in the green, the New York Stock Exchange teemed with bad news. What was the big story? Weak manufacturing numbers raised new worries about a possible recession. The stock market took a nosedive, showing just how jittery investors are about the state of the …
Moving Markets: What's Happening Today? Hello, young investors! Today, we are going to take a closer look at what is happening in some of the largest stock markets in the world. Sometimes these stock markets go down; sometimes they go up. Let's find out what happened this Monday, essentially on US Labor Day. FTSE 100 …
