Shares in GameStop plunged by 65% in early trading on Wall Street as the trading mania sparked by small investors, that sent its stock surging and cost hedge funds billions of dollars, lost momentum. The struggling Texas-based video game store chain has been the focal point of a battle by small traders, using forums such…
The City watchdog will be given powers to regulate “buy now, pay later” firms such as Klarna and Clearpay, amid fears that a surge in their popularity during the pandemic could leave consumers with high levels of debt. The Treasury announced plans to bring the £2.7bn sector under the regulation of the Financial Conduct Authority…
Ticket resale website Viagogo has months to sell StubHub’s operations outside North America, after the UK competition watchdog ordered it to unravel large swathes of a $4bn (£2.9bn) takeover that shook the world of live events. The Competition and Markets Authority said combining two businesses with 90% of the UK’s market for concert, theatre and…
House prices in the UK fell in January for the first time since June, as demand eased before the end of the stamp duty holiday on 31 March, according to Britain’s biggest building society. The average price of a house fell by 0.3% to £229,748 between December and January, said Nationwide. The annual growth rate…
Last August we moved into a house and set about renovating it. We had wanted to stay with our previous energy supplier, Bulb, and gave it the opening readings. The gas boiler was immediately ripped out as part of the major works. It now seems that Scottish Power was supplying the house when we arrived….
Up to 11 million people may live in properties with unsafe cladding, an issue that came to prominence with the tragedy at Grenfell Tower in June 2017. Many of those who own affected flats have been presented with significant bills for remedial works or fire patrols, with some being made bankrupt, and a number have…
