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iSupply Energy taken over by Swedish energy company - what it means for you

iSupply Energy has been taken over by Swedish energy firm Vatenfall - but customers have been told they should see "no day-to-day" changes.

The brand will continue to supply gas and electricity to its 120,000 customers, as part of a subsidiary of the Swedish state-owned energy group.

Vatenfall also operates in Denmark, Germany and the Netherlands and has over six million electricity customers and over two million gas customers.


Hotpoint fridge freezer linked to Grenfell Tower fire – what to do if you ow...

Thousands of Hotpoint fridge freezer owners who have the same model as one being linked to the Grenfell Tower fire have been asked to contact the company and register for updates.

The Metropolitan Police, which is leading the investigation into the tragedy, said today that the fire which is thought to have killed at least 79 people started in a Hotpoint fridge freezer.

Anyone with a Hotpoint fridge freezer model number FF175BP (white) or FF175BG (grey) is being asked to register their details with the company so it can contact them with further information.


Virgin Media tells customers to change passwords after hacking risk exposed

Hundreds of thousands of Virgin Media customers are being urged to change their passwords after one of the firm's routers was found to be vulnerable to hacking.

In an investigation consumer publication Which? discovered the Virgin Media Super Hub 2 router had been set up with a simple password that – if not changed – meant it could be hacked into in just a few days. Once a router has been compromised, hackers could access other devices on a home's network.

Which? set up a 'hackable home' to test the security of a host of gadgets. Within it they used Virgin Media broadband, but it is understood the issue could affect older routers on other networks too – so those with other providers could also need to change passwords.


Millions more can now earn up to £500 a year by referring friends to Nationwide

Nationwide has extended its popular 'refer a friend' scheme to allow anyone with one of its mortgages or savings accounts to earn up to £500 a year – though it's added more hoops to jump through to get the cash.

Previously the scheme was only open to current account holders, but now almost anyone with a Nationwide mortgage or savings account can net a possible £500 a year pre-tax, by referring five people to switch to a current account.

You and the person you refer earn £100 each, as long as they switch to one of Nationwide's FlexAccount, FlexDirect or FlexPlus accounts and haven't already received a bonus after being referred. They can open a new account and switch into that, or switch to an existing account if they already have one.


Doors open to passengers claiming compensation for next month's BA strike

Passengers who have flights delayed or cancelled during a two-week strike by British Airways cabin crew in July may be able to claim up to £530 compensation.

The aviation regulator has said it's unlikely a planned strike by the airline's staff would be deemed an 'extraordinary circumstance' – meaning passengers whose flights are disrupted COULD be eligible to claim under EU flight delay law.

Often strikes which delay flights – such as those by air traffic controllers or airport staff – are considered an 'extraordinary circumstance' (ie, outside an airline's control), so airlines don't have to pay compensation under the EU 261/2004 law. But the Civil Aviation Authority has said that is unlikely to be the case with an airline strike.


Ryanair sits hen party in FIFTEEN separate rows as outrage over seating polic...

A hen party has hit out at Ryanair's controversial 'random seat allocation' policy after the budget airline seated the 15 passengers in the group in 15 separate rows.

The group, due to fly from Birmingham to Ibiza on Thursday (22 June), had decided not to pay an extra fee to choose where to sit. But they were furious to discover when checking in four days before the flight that they had been assigned seats spanning most of the length of the aircraft, with two of them put 27 rows apart.

It follows numerous passengers accusing Ryanair of routinely allocating groups of travellers seats in different rows in a bid to force them to pay to sit together, with some claiming the budget airline has changed its seating policy.


Letting fees ban and whiplash fraud crackdown in Queen's Speech - but no ener...

The Government has vowed to outlaw letting fees, crack down on whiplash fraud and pass a Repeal Bill to handle the Brexit transition as it unveiled its plans for new legislation over the next two years.

But crucially there were no immediate plans in today's Queen's Speech for a bill to cap energy prices – a key Conservative Party manifesto pledge. The Government says it does plan to extend 'price protection' for those on poor energy deals, with more details to be consulted on through a Green Paper.

The Queen's Speech sets out the Government's agenda for planned new legislation and policies. That doesn't necessarily mean these changes will happen though, as laws have to pass through Parliament and policies could end up being dropped – particularly given we have a hung Parliament with no one party having an overall majority.


12 MoneySaving tips to beat the heatwave

Much of the UK has been sweltering in the sunshine over the past few days and it's not over yet, with Wednesday predicted to be the fifth day in a row when temperatures top 30°C. To help, we've compiled a list of MoneySaving ways to survive the sizzle – with some help from MoneySavers who've offered their own tips and tricks.

Here are a few ways to help you keep cool on the cheap – let us know yours in the comments, in the forum or by emailing news@moneysavingexpert.com.

1) Grab £1 sun cream – factors 15-50. Right now it's a must at home, never mind abroad, and we've found it for £1 rather than the usual £6-£12. The British Skin Foundation says they check out on safety too – see £1 sun cream deals.


Green Deal relaunched under private ownership - how does it stack up?

Homeowners can once again apply for Green Deal loans to make their property more energy efficient, after private investors took over the scheme – though only a handful of providers are so far offering the loans.

The Green Deal Finance Company has this week begun providing new loans for improvements including boilers, insulation and renewable heating systems.

Under the Government's original scheme, homeowners could benefit from 45 energy-efficient home improvements at no upfront cost through Green Deal loans, repaid through the property's energy bills.


Drop social care plans and free vote on fox-hunting from Queen’s Speech, MSE ...

A reform of social care funding, a free vote on fox-hunting and plans to leave the European single market as part of Brexit – those are the three Conservative Party manifesto pledges consumers would most like to see dropped by the new Government in Wednesday's Queen's Speech, according to a new poll of MoneySavingExpert.com users.

The Queen's Speech sees Parliament open and the Government set out its plans for new legislation. Unusually this week's Queen's Speech will outline the Government's programme for the next two years, as the 2018 Queen's Speech has been cancelled to allow more time for the Government to negotiate Brexit terms.

But with this month's general election resulting in a hung Parliament and the Conservatives struggling to finalise a "confidence and supply" arrangement with the DUP to prop up a minority administration, it's likely some policies in the original Conservative manifesto will be shelved or watered down.



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 UK Investment Finance Credit from Google

UK Investment Finance Credit - Google News
Google News

Is China Heading for New Financial Crisis? - Morningstar

Is China Heading for New Financial Crisis?
Morningstar
He points to data compiled by the Bank for International Settlements, which shows that the private sector non-financial debt service ratio has risen close to 20%, similar to the levels reached in Europe and the US at the height of their credit bubbles ...

and more »

Why Italy's economy is about to collapse - The Independent

The Independent

Why Italy's economy is about to collapse
The Independent
Once its strength, Italy's smaller enterprises have contracted as a result of low sales, declining profitability and lack of financing. Italy has a current account ... Unlike counterparts in the UK and US, Italian banks have been unwilling or unable to ...


MOVES-Goldman hires investment banker Kamo from Credit Suisse - Yahoo Finance UK

MOVES-Goldman hires investment banker Kamo from Credit Suisse
Yahoo Finance UK
Kamo, who helped lead a new sell-side M&A effort at Credit Suisse, will join the New York-based bank in June, the people said. Kamo will join the Financial Sponsors M&A group and report to global head of sponsors M&A Stephanie Cohen, one of the people ...

and more »

Phone Tracking, Nude Selfie IOUs See Chinese Bare All for Credit - Yahoo Fina...

Yahoo Finance UK

Phone Tracking, Nude Selfie IOUs See Chinese Bare All for Credit
Yahoo Finance UK
"Chinese people have no issue handing over their personal data, giving you their credit card number, giving you their bank account," said GGV Capital's Shanghai-based managing partner Jenny Lee, whose Silicon Valley venture capital firm has invested in ...

and more »

UK insurers seek solid returns in infrastructure - Financial Times

Financial Times

UK insurers seek solid returns in infrastructure
Financial Times
?There are not an awful lot of options for pension funds and insurance companies. Infrastructure credit is the ideal asset to back long-term liabilities?. PIC's investments in the super sewer stretch out as far as 2054 and offer yields of 1 per cent ...

and more »

Credit control platform Satago closes ?4.6m investment - Startups.co.uk

Startups.co.uk

Credit control platform Satago closes ?4.6m investment
Startups.co.uk
The start-up claims that 1,000 small businesses have signed up to the platform to date and says it is able to finance up to £50,000 per client ? from £500. The funding, which comprises of an initial £3m credit line and an equity investment of £1.6m ...

and more »

Treasuries Tumble as U.K. Polls Curb Demand for Safest Assets - Bloomberg

Financial Post

Treasuries Tumble as U.K. Polls Curb Demand for Safest Assets
Bloomberg
The Stoxx Europe 600 Index jumped 3.3 percent at 6:06 a.m. in New York, for a second consecutive gain, with banks, financial-services companies and insurers leading the charge. All major western-European markets climbed, with the U.K.'s benchmark FTSE ...
Markets around the world are surging as polls reveal the tide is turning against BrexitFinancial Post

all 11 news articles »

Could Britain's exit from European Union be watershed for global economy? - F...

Firstpost

Could Britain's exit from European Union be watershed for global economy?
Firstpost
Some, like outgoing Finnish Finance Minister Alexander Stubb, compare Brexit to the 2008 collapse of U.S. investment bank Lehman Brothers, which spread financial ruin across the globe. Or, it could be more like Y2K, in which ... Faced with churning ...
Brexit weighs on global marketsThe Sydney Morning Herald

all 1,592 news articles »

How Goldman Sachs became embroiled in claims they duped Libyan officials - Da...

Daily Mail

How Goldman Sachs became embroiled in claims they duped Libyan officials
Daily Mail
Tomorrow, this Master of the Universe will be attending an important conference, where a collection of high-powered men in bespoke suits will swap business cards and discuss complex financial transactions. But tonight, it's time to party and the ...

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Brexit could cause total ruin for Britain's banks - Yahoo Finance UK

Yahoo Finance UK

Brexit could cause total ruin for Britain's banks
Yahoo Finance UK
Bernstein also adds that in terms of investment banking, UK banks would get slammed in the event of Brexit. Revenues, it argues, are already dropping, and could fall by as much as 30% in the near term after a Brexit. Mortgage income would also tank ...

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