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Navigate your finances with confidence: investment, savings tips, and economic trends from Creative Media News.

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Nationwide petition for Virgin Money takeover gains momentum

A special meeting is imminent as a petition urging Nationwide to grant members a voice in its acquisition of Virgin Money approaches the required number of signatures. Debbie Crosbie led the building society, which maintains that consulting its 16 million members who own the mutual on its proposal for the High Street lender is unnecessary. Nationwide contends that any consultation could cause the £2.9 billion transaction to be delayed.
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Money

Co-op profits drop; shoplifting hits record levels

The Co-op has reported a significant decline in annual profit for 2023, citing record levels of theft and competition from discount competitors. According to the group, Co-op encountered 336,270 retail crime incidents involving theft and antisocial behaviour in its stores in 2023, an increase of 44% from the previous year. The seventh largest supermarket conglomerate in the United Kingdom disclosed a pre-tax profit of £28 million for the fiscal year 2023, a decline from the £268 million earned in the previous year.
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Money

Top EVs of 2024: Standout electric cars expected this year

With the approaching prohibition on the sale of new petrol, diesel, and hybrid vehicles in 2035, electric vehicles (EVs) are anticipated to gain greater mainstream acceptance. With the implementation of the Zero Emission Vehicle (ZEV) mandate, which requires automakers to sell a growing proportion of EVs annually, manufacturers are compelled to introduce new, more cost-effective models for our consideration.
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Money

My home electric car charger never works

Aeon informed you that the issue with your home's electricity supply was "voltage fluctuation," so you arranged for Energy North West to monitor it. You contacted Utilities Alternative Dispute Resolution, a licenced ombudsman scheme that arbitrates disputes involving EV equipment, when this demonstrated that nothing was amiss.
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Money

Families lose riches in wills scandal; building societies must aid

Certain correspondences and electronic messages are so distressing to read that they provoke tears of anger or fury. They express apprehensions regarding the level of attention provided to loyal clientele of specific building societies and the City regulator's apparent need for more determination to safeguard consumers against financial misconduct.
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Money

Where do UK properties sell fastest and slowest?

According to research by Rightmove, Scotland is home to nine of the ten fastest-moving property markets in the United Kingdom. Local properties in Falkirk, located in the Central Lowlands, sell in an average of 26 days, which places them in close second place. In contrast, properties in the adjacent town of Larbert require 27 days on average to find a buyer.
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Money

Londoners’ car insurance costs over double Northern Ireland residents’

New data reveals the regions of the United Kingdom with the highest auto insurance premiums for youthful drivers, revealing the magnitude of the London premium in particular. Young drivers in Northern Ireland pay approximately £1,500 less for coverage than their London counterparts, according to research by Quotezone.
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Money

Help child save for £500,000 home: tips, taxes, investments

According to research conducted by real estate agent Lomond, a baby born today would require more than £500,000 to purchase their first property when they reach the age of 31, which is the mean age of first-time buyers. This is an increase from first-time purchasers' present mean house price, which stands at £237,655.
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Money

There are 600,000 more poor people, including 300,000 children

Approximately 600,000 low-income individuals, of which half were minors, fell into absolute poverty in 2023 despite receiving cost-of-living assistance from the Government. The Government initiated fixed payments to millions of households in 2022 as a response to the exorbitant cost of living and escalating energy expenses.
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World

India bank ordered to reveal donor-recipient electoral bond data

A month prior to the country's general election, the State Bank of India (SBI) was ordered by the Supreme Court of India to disclose every detail of electoral bonds, including the unique codes that link donors to political parties. In India, the "electoral bonds" election funding system, which was in operation for seven years, permitted corporations and individuals to contribute to political parties without restriction or identification.
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Money

Jaguar I-Pace drivers lose cheap Octopus Energy charging

I-Pace owners are critical of Jaguar Land Rover and Octopus Energy for abruptly withdrawing JLR electric vehicles (EVs) from the charging application with only a few hours notice. Users who are "furious" have taken to I-Pace Forums over the past week to share emails they received from Octopus Energy informing them that, due to JLR software changes, their electric vehicle will no longer be compatible with intelligent Octopus Go for charging.
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Business

Energy firms won’t provide new smart meter displays

UK households can't monitor energy usage Suppliers deny new display requests British Gas revises policy after complaints The inability of households throughout the United Kingdom to monitor their energy consumption is due to the refusal of their suppliers to provide replacement in-home displays for their smart meters. According to information provided by readers...
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Acid reflux meds like TUMS, Prilosec up migraine risk 70%

According to one study, the use of common over-the-counter gastritis medications such as TUMS or Prilosec can increase the likelihood of developing migraines by as much as 70 percent.  A cohort of 11,800 individuals was analyzed by researchers from the University of Maryland, of which 2,100 were users of over-the-counter anti-heartburn medications.

Outrage about crowding Visitors to Venice start paying today

Venice becomes the first city globally to implement a payment system exclusively for visitors. To verify that individuals beyond entry points possess a QR code, officials conduct arbitrary inspections. Despite this, not all individuals are content. Visitors to Venice are now required to pay an entrance fee by a contentious scheme that went into effect today. The pilot program is intended to deter tourists and reduce the volume of visitors that congest the canals during the height of the holiday season, thereby making the city more habitable for locals, according to authorities.

Meadows, Giuliani indicted in Arizona election scheme

A grand jury in the state of Arizona has indicted sixteen individuals, including Mark Meadows, the chief of staff for Donald Trump, and Rudy Giuliani, an attorney, on charges related to their purported involvement in nullifying the former president's defeat in the 2020 election.  Eleven Republicans are charged in the indictment issued late Wednesday by the state attorney general. The document in question was erroneously submitted to Congress, wherein it claimed that Trump had secured the crucial state for 2020.

US Supreme Court considers sending Trump immunity claim back

On Thursday, the United States Supreme Court indicated its willingness to remand Donald Trump's criminal case concerning his endeavors to annul the 2020 election to a lower court. This remand would enable the court to determine whether specific elements of the indictment constituted "official acts" shielded by presidential immunity. 

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