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Peters Hargreaves scores £61m share windfall

Outspoken City magnate Peter Hargreaves has received a £61m windfall from the financial services firm he co-founded after it announced a special dividend last week. Hargreaves Lansdown announced a special divided last week after pre-tax profits shot up 10 per cent to £292.4m. Read more: Hargreaves Lansdown tops up dividend as profits rise The move boosted its dividend
Money

Turkish president Erdogan rails against US tariffs in media offensive

Turkish president Tayipp Erdogan today hit back at US President Donald Trump, saying it was "wrong" to double tariffs on Turkish metal imports. The country is in the midst of a deepening economic crisis as Turkish lira sank as much as 18 per cent against the dollar, its biggest fall since 2001. Relations between the two nations are in turmoil, over issues ranging from
Money

First-time buyers hit by UK house price hikes

First-time buyers now make up more than half the market in their highest numbers for a decade, but rising prices are keeping them reliant on help from Mum and Dad. Data from Halifax revealed this year's first-time property buyers are getting hit by a 21 per cent hike in house prices over the last ten years, with the average price in the UK rising from £172,659 to
Money

The summer economics quiz 2018: Here are the answers

Here are the answers to Deloitte's summer economics quiz. 1. What reason does the UKs Office for National Statistics (ONS) give for the 80% decline in UK residents taking day trips abroad since the 1990s? A. Better weather in the UK B. An increase in staycations C. A decline in booze cruise trips D. Preference for longer holidays Answer: C. A decline in booze
Money

Summer in the City: Test yourself with this summer economics quiz

The long, hot summer seemed to have ended yesterday as drizzle descended on the City, but recapture that sunshine feeling with this economics quiz from Deloitte. From sun cream to staycations, Big Macs to booze cruises, how much do you know about economics with a summery twist? Answer the questions below to work out your score, then click through to find out the stats