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The latest news

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Consumer news…

FTSE LIVE: Carpetright narrows losses; Southern Water slapped with record fine; UK stocks in the red

Today

The FTSE 100 closed up 5.74 points at 7422.43 and the pound was at £1.27 against the dollar.

Britons need a pension pot of £447K when they hit 65 to still see their pension last until age 100

Today

The study assumes someone on an average annual UK salary of £28,000 who wants to retire at 65 years old and who wants an annual retirement income of £20,000.

Monzo doubles value to £2bn in 8 months as investors back US push

Today

Monzo's value has jumped after receiving £113million in fresh funding led by US-based investment fund Y Combinator Continuity, famed for helping tech firms Dropbox, Reddit and Airbnb.

Lightyear releases a £134,000 SOLAR car that will do 12,400m a year using energy from sun

Today

Lightyear One can be charged directly from the sun thanks to the 5 square metres of solar cells on its roof and bonnet. This generates a maximum of 20,000km worth of free energy per year.

Bitcoin rises again to highest levels since January 2018

Today

At one point the cryptocurrency had risen to $11,437 as punters bet it will be boosted by hype around Facebook's online currency.

Southern Water is hit with record £126million bill for fines and customer rebates

Today

Southern Water has been hit with a record £126 million package of fines and customer rebates after deliberately misreporting its performance, regulator Ofwat has announced. 

Demand for property increases as Brexit fatigue fades, estate agents claim

Today

The number of house hunters registered per estate agent branch saw an increase of 16% in May - rising from 265 to 307. This is the highest level recorded since September 2018.

Sales slip at Sainsbury's, Asda and Morrisons as Aldi and Lidl march ahead

Today

The popularity of ice cream, beer and BBQ food plummeted as shoppers turned to soup to cope with the unseasonable conditions, according to the latest supermarket figures from Kantar.

Play This is Money's Fantasy Share Picking Game to win £20,000

Today

We are offering readers the chance to win a £20,000 cash prize and £500 weekly prizes in our new Fantasy Share Picking Game to celebrate This is Money's 20th birthday.

Can I modify a car on finance and what are dangers?

Today

YouTuber Riccardo Senior received a letter from his car finance provider telling him that he had breached his agreement by making performance modifications to his car and threatened to recover the vehicle.

Highland Spring boss wants to STOP shipping UK's rubbish abroad

Today

The boss of Highland Spring Les Montgomery told us he wants the Government to ban shipping waste to foreign countries so the UK can take control of its own recycling.

New Look sees losses spiral to more than £500m but stems sales decay

Today

The 50-year old fashion chain said today that trading remains 'challenging' as it reported pre-tax losses of £522million, against losses of £190million the year before.

Sharia compliant pensions: How to save for retirement using Islamic finance

Today

Huzefa has never had a workplace pension so has found himself at a crossroads on how he can save for retirement while complying with Sharia law. Our Money Pit Stop helps him out.

Bank of Scotland hit with £45.5M fine by the City watchdog for Reading fraud failures

Today

The FCA said Bank of Scotland failed to disclose information about its suspicions that fraud may have occurred at the Reading-based Bank of Scotland impaired assets (IAR) team.

What was life like in 1970s Britain, the last time unemployment was THIS low?

Today

When we recall Britain in the 70s, we often think of a decade of strikes, the three-day week, sky-high inflation - and streets strewn with rubbish. But, economically speaking, it wasn't all bad.

Can you vary or stop pension withdrawals in retirement?

Today

People investing pensions are in danger of running out of cash or racking up losses in a market crash because they don't realise they can adjust or stop withdrawals, new research reveals.

Best and worst energy firms for customer service revealed

Yesterday

Small supplier Nabuh Energy finished last with only 1.65 stars out of 5, closely followed by Eversmart and Utilita, both of which were stuck with a rating of 1.8.

MARKET REPORT: Insurers are boosted by analysts' gung-ho views

Yesterday

For Admiral and Hastings Group, in particular, the turn in the sector could provide a big boost, if, as anticipated, the more buoyant conditions continue.

ON THE BOARD: Former Uber Eats director Jambu Palaniappan joins rival Just Eat

Yesterday

Palaniappan was previously head of Uber Eats' Europe, Middle East and Africa business, in charge of operations across 70 cities. It comes as Just Eat faces pressure to merge with a UK rival.

Owner of Caesars Palace casino in Las Vegas agrees to mega-merger with rival Eldorado Resorts

Yesterday

Caesars Entertainment Group, one of the gambling industry's biggest brands, is set to join with Eldorado Resorts in a deal valuing it at £14bn.