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Fixed-rate savers who have been earning 7 per cent-plus for the past year face an inevitable drop in cash returns as existing deals mature. However, while the base rate is still at just 0.5 per cent, competition is returning to the savings market, with new fixed rates available at up to 5.1 per cent and best-buy instant access returns above 3 per cent. Fixed rates on lump-sum savings hit a record high above 7 per cent last summer, while popular deals such as Halifax’s Regular Saver offered 10 per cent for those depositing up to £500 a month. With the greatest number of these deals on offer in July and most lasting a year, the coming weeks are set to see a spike in maturities, according to Defaqto, the research firm. Analysts warn that in addition to generally lower savings rates, many of the “go to” rates paid by providers... [read full story]
How long is too long? “Well, there is a limit, depending on circumstances,” admits Graham Mackay, slowly. It has been 12 years since he became boss of SAB Miller — 10 years since he listed the firm in London. Back then, it was...
Dame Clara Furse is set to join the international board of Nomura, the Japanese bank, in a move that will mark her return to the City after leaving the helm of the London Stock Exchange. "Queen Clara", who became one of the...
AN ITV newsreader has been accused of imitating Sir Trevor McDonald by a female presenter who is bringing a £5m racism and ageism case against the television company. Lisa Aziz, the first Asian news presenter to appear on...
British workers disillusioned at the imminent 50p tax rate have been crowding into Savills' seminars on moving to Geneva. Desirable home: a chateau on Lake Geneva Photo: Getty Images With rooms at up to £8,000 a night, which...
