Investors may be avoiding high-yielding dividend stocks this year, but they’re snapping up high-yield bonds. Investor demand has surged for so-called junk bonds, or fixed-income securities that don’t have the B-level or better ratings that Treasurys, municipals and top-flight corporates carry. In fact, last week marked a fresh record for junk bond offerings, with...
Jill Insley Payday loan companies may introduce credit cards and longer term products, said PwC. Photograph: Murdo Macleod Payday lenders could overtake credit cards and become a mainstream method of borrowing, a report by one of the UK’s leading accountancy firms has warned. PricewaterhouseCoopers (PwC) said that consumers unable...
Rupert Neate A man shovels grain at a farm in Vasyurinskoe as Russia’s harvest suffered in the drought of 2010. Glencore denied enouraging an export ban to force prices up. Photograph: Mikhail Mordasov/AFP/Getty Images More than £50m of World Food Programme aid to feed the starving has ended up...
First-time buyers who want to benefit from the current stamp duty holiday will have to find their new love nest by Valentine’s Day, a property firm has calculated. The current first-time buyer exemption from the 1pc tax for properties under £250,000 runs out on March 24. However, property group...
HM Revenue & Customs had planned to replace the P45, given to you when you leave your job, with a piece of paper called the ‘leaver statement’. This was part of the move to Real Time Information (RTI), where employers report tax and National Insurance contributions when the payments...
