Cash jackpot

Savers scouring the market for a cash Isa will find the biggest month-on-month jump in the rates on offer in a decade, according to analysis. The average easy access Isa rate in April is 0.38% – up from 0.30% in March – Moneyfacts.co.uk found. The financial information website said the 0.08 percentage point increase is the biggest monthly rise for this type of account since April 2012. Someone saving £5,000 into an easy access cash Isa could typically make £15 in interest over a year if they do not dip into the pot based on March’s average annual rate, increasing to £19 based on April’s average rate. The average easy access cash Isa rate is the best it has been since June 2020, when it was 0.45%, Moneyfacts said. Recommended Bitcoin price crash – live UK has ‘no choice’ but to act on NI protocol, says Truss - follow live Rebekah Vardy news: Latest from Wagatha Christie trial The average one-year fixed Isa meanwhile recorded … [Read more...] about Biggest jump in average cash Isa rates in a decade

Chief Minister Basavaraj Bommai on Monday announced a cash reward of ₹5 lakh to Lakshya Sen, who is part of the Indian badminton team that won the Thomas Cup in Thailand on Sunday. Mr. Bommai’s announcement came during the inauguration of Mini Olympic Sports Meet-2022, organised by the Youth Empowerment and Sports Department. “One should play to win. Playing not to lose will not fetch success. So we should always play with a positive spirit. Our Government is encouraging all sports. We have selected 75 sportspersons from various disciplines for special training ahead of the Paris Olympics,” he added. … [Read more...] about CM announces cash prize for Lakshya Sen

Vodafone slightly beat analyst expectations as it reported its annual results days after gaining a major investor from the Middle East. The business said its revenue totalled 45.6 billion euros (£38.4 billion) over the year to the end of March. Experts had expected it to reach 45.4 billion euros (£38.2 billion). It was down to growth in Europe and Africa , the business told shareholders on Tuesday. “We delivered a good financial performance in the year with growth in revenues, profits and cash flows, in line with our medium-term financial ambitions,” chief executive Nick Read said. Pre-tax profit rose from 4 billion euros (£3.37 billion) to 4.4 billion (£3.7 billion. Recommended Coleen Rooney to resume evidence in Rebekah Vardy court battle - live ‘Putin likely to have lost third of troops in Ukraine’ – follow live But worse is to come for the telecoms giant, which warned of a hit during the current financial year, not least … [Read more...] about Vodafone ahead of expectations but warns of inflation hit

Diesel prices have hit a new high amid claims retailers hiked profits following the 5p per litre fuel duty cut. Figures from the Department for Business, Energy and Industrial Strategy show the average price of a litre of diesel at UK forecourts was 179.7p on Monday. That was up from 178.4p a week earlier. The average price of petrol on Monday was 165.1p per litre. That was narrowly below the record of 165.4p set on March 21, based on the Government’s figures. Recommended Coleen Rooney to resume evidence in Rebekah Vardy court battle - live ‘Putin likely to have lost third of troops in Ukraine’ – follow live Separate fuel price statistics by data firm Experian Catalist using a different methodology show average prices on Monday were 180.3p per litre for diesel and 166.8p per litre for petrol. Chancellor Rishi Sunak implemented a 5p per litre cut in fuel duty on March 23. The RAC said retailers are taking an average profit of … [Read more...] about New record diesel price as retailers accused of hiking profits after duty cut

The Bank of England base rate has been increased to a level many homeowners will never have experienced before. The rate of 1% has not seen since 2009. It was increased from 0.75% after a string of hikes in recent months. The latest rise follows a range of bill increases in April, with rocketing inflation expected to peak at more than 10%. Here is a look at how people’s mortgages, savings and investments could be affected by the latest base rate hike. Recommended Bitcoin price crash – live UK has ‘no choice’ but to act on NI protocol, says Truss - follow live Rebekah Vardy news: Latest from Wagatha Christie trial – How will homeowners be affected? Three-quarters of outstanding mortgages are on fixed rates, meaning these homeowners will not feel the immediate impact of a base rate rise, according to figures from trade association UK Finance. Nearly one in 10 (9%) mortgages are trackers, with variable rates. Some … [Read more...] about How will the Bank of England base rate rise affect you?

A pet store in Stockton, California is offering a cash reward after three thieves allegedly stole snakes worth thousands of dollars on Sunday. The men visited Carter's Pet Mart at around 6:42 p.m. before they allegedly walked out with several expensive ball pythons, valued at over $1,400. According to Carter's Pet Mart, the men took the snakes and entered a truck after leaving the store. "They entered the store around 6:42 Sunday evening, grabbed the snakes, and got into a newer model 4-door Ford truck," wrote Carter's Pet Mart online. Images shared by the store allegedly show the three men on surveillance footage, walking out of the store with the snakes. "They were walking around for a bit, went over to the locked animal cages, broke the lock off on one of the tanks where one of the high ball pythons are individually stored, each grabbed one and walked out," store owner Ryan Carter told ABC10. Carter told the publication that the ball pythons are valued between $1,400 … [Read more...] about Reward offered after several pythons worth thousands stolen from pet store

The Himachal Pradesh government on Tuesday decided to hand over to the CBI a case of the leakage of question papers for the recruitment test of constables in the state police force. Chief Minister Jai Ram Thakur, in a hurriedly called press conference at his official residence Oakover here, said the State government has decided to hand over the probe into the case to the CBI. The first reason for entrusting the task to the central investigative agency is to ensure a fair and impartial probe into the case, he said. The case was currently being investigated by a special investigating team of the State police which itself was conducting the written test for the recruitment of constables, he added. The second reason, the chief minister said, is the inter-state aspect of the crime as the SIT which had been probing the case till now has found criminals living in ten different States of the country involved in the paper leakage. The opposition Congress had also demanded the probe … [Read more...] about CBI to probe paper leak for Himachal Pradesh constable recruitment test

KUALA LUMPUR: Petronas Chemicals Group Bhd (PCG) has announced the landmark acquisition of the entire equity interest in Perstorp Holding AB for RM7.018bil cash. In a statement Tuesday, PCG said it had on May 14 signed a securities purchase agreement to acquire Perstorp, a leading sustainability-driven global specialty chemicals company, for EUR1.538bil, which is equivalent to RM7.018bil. The agreement was signed with Financière Forêt S.à.r.l, a company under PAI Partners, a European private equity firm. The acquisition values Perstorp Group at an enterprise value of EUR2.3bil, which is equivalent to RM10.49bil. “This landmark acquisition is a major milestone for PCG in establishing a key platform to diversify into the specialty chemical industry and capture new growth opportunities, whilst enabling us to future proof our business against market cyclicality and volatility,” PCG managing director/chief executive officer, Ir. Mohd Yusri Mohamed Yusof said. “Perstorp is an … [Read more...] about PetChem buys Perstorp in RM10.5bil deal

KUALA LUMPUR: Chin Hin Group Bhd plans to dispose of 19.34 per cent stake in Solarvest Holdings Bhd to Divine Inventions for RM103.28 million. In a filing with Bursa Malaysia today, Chin Hin said the stake sale represented all of Solarvest shares held by Chin Hin. "The parties shall complete the sale and purchase within one month from the unconditional date or such further period to be agreed by the parties,” it said. The company also proposes to utilise RM102.72 million of the proceeds to repay part of the existing bank borrowings of Chin Hin and its subsidiaries, which amounted to RM790.89 million as at Dec 31, 2021. On the rationale of the disposal, Chin Hin said the proposed disposal provides an avenue for the group to monetise its investment in Solarvest. "The group will be able to utilise the RM103.28 million to repay its bank borrowings which will reduce the group’s gearing level and improve the group’s financial position with the enhancement of its current … [Read more...] about Chin Hin to dispose of Solarvest stake for RM103.28mil

KUALA LUMPUR: Borneo Oil Bhd has entered into a sale of shares agreement with MT 23 Resources Ltd (MT 23) to acquire 28.36 million shares, or 22.49% of the existing equity interest in Makin Teguh Sdn Bhd (MTSB), a manufacturer of clinker and cement products, for RM73.56mil. Borneo Oil, in a filing with Bursa Malaysia, said the purchase consideration was on a willing-buyer-willing-seller basis. It would be satisfied by way of treasury shares transfer and cash from internally generated funds. Following an announcement made on April 7, MT 23 has transferred 19.54 million shares of the issued and paid-up share capital of MTSB to Borneo Oil, and agreed to sell a further 28.36 million MTSB shares, representing a total of 38% shareholdings in MTSB. “The acquisition presents an opportunity for Borneo Oil to move downstream its quarrying resources to boost the profits further. “There is synergy between Borneo Oil’s existing limestone quarrying business operations and MTSB's clinker … [Read more...] about Borneo Oil acquires 22.5% in MTSB for RM73.56mil