According to a key annual report annual report from energy practise Oliver Wyman, the biggest commodity trading houses have seen profits from reselling oil shipments jump more than 50% over the past five years. Roland Rechsteiner, co-author of "Reimagining Commodity Trading" at Oliver Wyman, talks on their annual oil report.
The countdown to Black Friday has begun. It’s the day when stores offer big discounts, and it has become one of the top shopping events of the year, both in the US and UK. But it's divided opinion, not just among customers but firms too, with many saying the real damage is being done to small businesses. IMRG and Barclaycard have released a new report on how SME's can maximise their Black Friday takings, and Matt Cox has been hearing from Barclaycard's Head of Small Business, Greg Liset.
Should we take our state pension early? Under new government proposals, we all could be given that choice. A new report has outlined changes that could move the state pension age up or even allow people to take their pension early. To find out, Share Radio reporter, Tom Hill, spoke to Richard Parkin from Fidelity.
Welcome to This is Money, the podcast, presented in partnership with NS&I. Editor Simon Lambert and Personal Finance Editor Rachel Rickard Straus join Share Radio’s Georgie Frost in the studio to go through the week’s biggest money stories.
And this week it’s all about inflation, and the news is leaving us all a little … deflated. Yes, that nebulous indicator, inflation has jumped to its highest level in 2 years - hitting spenders and savers alike. Blame Brexit if you like, and a lot of people have done, but is that really it? Michael O’Leary of Ryanair certainly is blaming the referendum as he hikes prices in even more obscure ways. And then, we’re looking at the banks: they’re slashing rates, deceiving switchers, and worst of all; this week it seems they don’t even know how to keep our money safe!
Meanwhile, we take a look at the treasury's U-Turn to allow retired savers to cash in their annuities. Is Chancellor Hammond just doing all he can to obliterate Chancellor Osborne’s legacy, or dare I say it, could there be an actual plan in place? Surely not, that’s madness.
At the other end of the show, Simon reckons we need a tax break on savings interest, what little we have, someone’s bought a car with Apple Pay and everyone’s amazed for some reason, and the new Churchill fiver sees even more inflationary trading.
This is Money is presented by Georgie Frost, in partnership with NS&I.
Georgie Frost is joined in the studio by Share Radio's senior analyst Ed Bowsher. Today they discuss the new team of experts being put together to tackle firms exploiting self-employed workers as well as the new Pension Schemes Bill. Plus why Kit Kat could be the next product affected by the falling pound. All these stories and more on The News Review.
Tesla has announced that all cars it now builds will have the hardware needed to be "self-driving". The electric carmaker, headed up by Elon Musk, is planning on including vital equipment such as cameras, sensors and forms of radar. To find out the implications of this announcement, Matt Cox spoke to David Bailey, Professor of Industry at Aston Business School.
Sue Dougan is joined by Rachel Springall, personal finance expert at moneyfacts.co.uk. Today they discuss Sir Philip Green's upcoming meeting with the pensions regulator as well as the news a third of people get poor or no mobile phone reception at home. Plus how self driving cars could become the future of motoring. All these stories and more on The News Review.
This week financial journalists Vix Layton and Lindsay Cook take on the banks charging more on overdrafts than pay day loan companies as well as looking at the use of friend referral offers. Plus why white goods are getting the sucker punch awards this week.
Sarah Pennells is joined in the studio by Kevin Pratt, web editor at MoneySuperMarket.com. Today they discuss the average fall in pay for self-employed workers as well as the growing cost of online fraud. Plus why fashion sales have suffered their worst decline in seven years. All these stories and more on The News Review.