Akin Akinrinlade

26 Added | 1 Magazine | @akinakin | Keep up with Akin Akinrinlade on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “Akin Akinrinlade”

Recovery failing to help deficit reduction

Britain's economic recovery is failing to help the public finances as government spending continues to rise, official figures show.<p>Borrowing rose to £500m in July, excluding one-off effects, as welfare and local government costs offset an increase in tax revenues – falling far short of forecasts of …

Economics

If you've paid for a state pension, you should get a state pension

COMMENT: Where you live is irrelevant – expat pensioners have paid their National Insurance like anyone else.<p>As an eye-catching headline for a campaign, it took some beating.<p>Expat pensioners’ call for Britain to be suspended from the Commonwealth over the Government’s refusal to index-link the …

Retirement

European businesses forget that the United States is not united at all

New York is not really in America. It is actually somewhere mid-Atlantic, slightly closer to Europe than to the country whose star-spangled flag is hung above the doorways of its soaring steel high-rises.<p>One of the reasons that so many British companies struggle to crack the US is because they do …

Marks & Spencer

TSB: Why is Europe telling us to switch banks?

Comment: The new TSB bank to be split out of Lloyds opens its doors next month, but not all customers want to move.<p>Millions of customers who bank with Lloyds are digesting the fact they will shortly bank there no more. In a move that is entirely unprecedented, 4 million people are becoming …

Banking

Loyalty cards haven't saved us a penny, say one in three

Eight million shoppers are using their loyalty cards less than last year and a third leave them at home, research suggests.<p>Loyalty cards are on the decline as eight million consumers say they use their cards less than a year ago, according to research by payment provider WorldPay.<p>As many as one in …

Finance

Jack Daniel's plans largest expansion in its history as demand for whiskey soars

Jack Daniel's is investing in its largest ever expansion as demand soars for the iconic whiskey.<p>The $100m investment will add stills and barrel warehouses at Jack Daniel's operations in Lynchburg, Tennnesse, the brand's Louisville-based parent company, Brown-Forman Corp, said.<p>A second production …

Whiskey

100 applied for job but not one started work

A businesswoman has criticised “time-wasting” JobCentre staff for directing 100 applicants to apply for a position at her firm when none of the candidates were interested in the job.<p>Jean Rasbridge, who co-founded a firm that sells electronic cigarettes, said the centres are helping the unemployed …

Employment

Great expectations of Chinese oil

Millions to get CPP compensation, but millions may miss out

More than seven million people are in line to share a £1.3 billion compensation pot after Britain's biggest banks yesterday agreed to foot the bill for years of mis-selling credit card insurance cover.<p>But millions more could miss out as regulators admitted the redress scheme linked to the CPP …

Investing

Price of farmland trebles in decade and 'set for £10k an acre'

The price of UK farmland has trebled in less than a decade to hit a record high, according to a new survey, as researchers predicted the average price of an acre could soon hit £10,000.<p>Interest from farmers and investors buying to rent land to farmers pushed the cost of farmland to £7,440 an acre …

Farming

Leaving it late: Thousands of workers within 10 years of retirement aren't saving into a pension

By<p>Published: 07:12 EST, 25 July 2013 | Updated: 07:12 EST, 25 July 2013<p>e-mail<p>47View<br>comments<p>Thousands of workers who are within 10 years of retirement …

Retirement

Pension funds deficits can only get bigger without an interest rate rise

There will be the benefit of a stock market rally that, in the next couple of years, will push up the value of pension fund assets.<p>Occupational pension fund managers will be crying into their beer tonight. Mark Carney, the Bank of England governor, has in effect ruled out an increase in base …

Pension changes will hurt millions, says TUC

Single-tier scheme coming into force in 2016 could leave almost 20 million people worse off, according to new report<p>Millions of lower- and middle-income workers – particularly those several decades from retirement – could be thousands of pounds a year worse off under changes to the state pension, …

Joining the rich list: Mortgage-free pensioners are among wealthiest people in Britain

By<p>Published: 17:41 EST, 17 August 2013 | Updated: 07:43 EST, 19 August 2013<p>77View<br>comments<p>Pensioners who have paid off their mortgages are among the …

Investing

Worst UK pension providers named

Scottish Widows, Clerical Medical and Royal & Sun Alliance among worst value annuity providers, according to ABI data<p>Britain's worst pension providers have been named for the first time in official tables that reveal how some insurers are paying annuities 30% below the best deals on the …

Average earners 'will be £1,500-a-year worse off' under the new flat-rate state pension

• Workers earning £26,000 will lose out on £1,508-a-year if they retire in 2030<br>• Trades Union Congress says you lose out more the longer you work<br>• Up to 20 …

Bond fund investors feel the pain of rising rates

Bond ETFs are starting to crack under the strain of higher interest rates.<p>The bellwether 10-year Treasury note yield rose as high as 2.90% Monday, the highest level since July 2011. Rates have soared since May 2, when the 10-year T-note yield hit 1.62%, thanks in part to the Federal Reserve's …

Investing

We've switched to WTI crude from Brent

Starting today, we have changed the type of oil that we show on the Report on Business and Globe Investor home pages to West Texas Intermediate crude oil from Brent.<p>When spreads were huge between WTI and Brent, we switched to showing Brent, thinking it was a truer benchmark for the global price of …

Oil

Are Mexico's Oil Reforms Enough To Lure Foreign Investors?

Undoing 75 years of law and national pride doesn’t happen quickly. Mexico made a significant step last week in loosening its restrictions on foreign investment in its oilfields, but determining the impact of those proposed reforms could take years to sort out.<p>While the changes proposed by Mexican …

Goldman Cranks Up Its Oil Price Forecasts

"The disruptions in Libyan oil supplies have lasted far longer than we initially thought with no near-term resolution in sight, which was further complicated by the involvement of the military late last week," said Goldman Sachs' Jeff Currie in a new note to clients. "Combined with the ongoing …

Goldman Sachs
Fracking

European probe into oil price-fixing widens to Finland

May 17, 2013 | 7:19 AM<p>Embed Code<iframe src="https://www.marketplace.org/2013/05/17/world/european-probe-oil-price-fixing-widens-finland/popout" frameborder="0" width="100%" height="240px"></iframe><p>Copy<br>• Close<p>Embed Code<iframe …

Minnesota Public Radio

Three top picks from oil and gas analyst Josef Schachter

<i>Josef Schachter is president and CIO of Schachter Asset Management. His focus is on oil and gas stocks.</i><p><b>Top picks</b><p><b>Petromanas Energy Inc.</b><p>Peteromanas is focused on exploration in Europe with operations now in Albania and France. The Albanian business is focused on light oil targets and the French …

Oil & Gas Industry
Oil & Gas Industry

Emerging market rout threatens wider global economy

The $9 trillion (£5.8 trillion) accumulation of foreign bonds by the rising powers of Asia, Latin America and the emerging world risks going into reverse as one country after another is forced to liquidate holdings to shore up its currency, threatening to inflict a credit shock on the global …

Economy