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Is an equity release time-bomb sitting under YOUR home? 

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Leading charities and financial experts have welcomed a probe by the City regulator into equity release mortgages following claims of rampant mis-selling of these expensive long-term loans. Soaring numbers of elderly homeowners have been using equity release mortgages as a way of borrowing money against the value of their homes, with the debt not being … Read more

Transport operator Go-Ahead launches Norway’s first privately run railway service

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Transport operator Go-Ahead launches Norway’s first privately run railway service Go-Ahead will operate its first route between Stavanger and Oslo It won the eight-year contract last year to run the Norway South rail franchise The firm already has foreign operations in Ireland, Germany and Singapore  By William Turvill For The Financial Mail On Sunday Published: 22:02 GMT, … Read more

Bankers and advisers carve up £156m of fees in bidding battle for Just Eat

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Bankers and advisers carve up £156m of fees in bidding battle for Just Eat The FTSE 100 company has agreed to an all-share merger with Takeaway.com  But it faces competition from South African conglomerate Naspers  By Jamie Nimmo For The Financial Mail On Sunday Published: 22:02 GMT, 14 December 2019 | Updated: 22:02 GMT, 14 … Read more

Labour peer nets millions as investors in his collapsed Koovs fashion firm are wiped out 

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Labour peer nets millions as investors in his collapsed Koovs fashion firm are wiped out Koovs went under on Tuesday in a pre-pack administration Its chairman, Lord Waheed Alli, bought the clothing company, saving jobs  But small shareholders in the AIM-listed company will lose out   Alli’s TV production company was snapped up on the very … Read more

Hero who saved 12 Thai boys reveals Elon Musk’s private eye rifled through his bins

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Elon Musk initially apologised but then reopened the wound weeks later. He is pictured with singer girlfriend Claire Boucher Standing at the mouth of the Tham Luang cave system in northern Thailand, it should have been the proudest moment of Vernon Unsworth’s life.  Days earlier, the caving expert – known as Vern – had played a crucial … Read more

House price growth tipped to reach 2% next year as confidence returns to the market 

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House price growth tipped to reach 2% next year as confidence returns to the market Economist Howard Archer says the Tories’ win will boost house price growth He said record low interest rates would also help homebuyers  By Helen Cahill For Mail On Sunday Published: 22:01 GMT, 14 December 2019 | Updated: 22:01 GMT, 14 December 2019 … Read more

‘Surprise’ Carney successor within days, say City analysts

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‘Surprise’ successor to Carney as Bank of England governor ‘within days’, say City analysts By William Turvill For The Financial Mail On Sunday Published: 22:01 GMT, 14 December 2019 | Updated: 22:01 GMT, 14 December 2019 Former deputy governor Minouche Shafik has been heavily tipped to become the Bank’s first female governor City analysts have … Read more

Troubled M&C Saatchi brings in top City headhunter to find new directors

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M&C Saatchi’s quick fix: Troubled advertising group brings in top City headhunter to find new directors Bosses at M&C Saatchi want to appoint four new board members by next month Last week, four bosses resigned in the midst of an accounting scandal  The company expect a PwC report into its accounts to complete by Christmas  … Read more