News That Matters

Tag: High

New Year rail fare hikes at five-year high

New Year rail fare hikes at five-year high

Business
Commuters are being "priced out of going to work" by the largest rail fare increase in five years, according to a campaign group.Passengers catching a train on the first working day of 2018 will be hit with an average ticket price rise of 3.4%, with some commuter routes set for price hikes of more than £100.There are protests planned at around 40 railway stations up and down the country on Tuesday, with some commuters spending up to five times as much of their salary on season tickets as people on the continent.:: Top five average increases by operator:4.7% - Northern.4.6% - TransPennine Express.4.1% - CrossCountry.3.6% - Merseyrail.3.4% - Virgin Trains East Coast, Greater Anglia, London Overground and TfL Rail Travelcards and price caps.:: 'Raw deal': Trains must be run for passengersImag
UK stock markets close at a record high

UK stock markets close at a record high

Business
UK stock markets climbed to new highs on the final day of trading for 2017.Both the FTSE 100 index of leading blue chip companies and the FTSE 250 reached new records at the close of trading. US stock markets have also hit new peaks over the year, helped in part by Donald Trump's sweeping tax reforms. Stephen Eckett, author of the annual Harriman Stock Market Almanac, said: "All the dangers that were anticipated with a Trump administration haven't materialised."The FTSE 100 finished up 7.6% at 7,687.77 compared with the last day of trading in 2016. Meanwhile, the FTSE 250 ended 14.7% ahead at 20,726.26 compared with the end of last year.Mr Eckett said: "It has been a little bit of a surprise to many people that markets were are strong as they were this year."George Salmon, an equity analy...
Thousands protest high prices in Iran's Mashhad

Thousands protest high prices in Iran's Mashhad

World
Dec. 28 (UPI) -- Several thousand residents protested high prices and denounced President Hassan Rouhani across Iran, including the nation's second-largest city, Mashhad, on Thursday.In the northern Iranian city, protesters shouted "Death to Rouhani" and "Death to the dictator" and "If you stop one case of embezzlement, our problem will be solved."They also held banners opposing Iran's interference in the Arab region, including troops and funds sent to assist Syria's government. They chanted, "Forget about Syria, think about us."Besides protests in city of about 3 million, demonstrations took place in cities that included Neyshabur, Kashmar, Birjand, Shahrood and Noshahr. And last week demonstrations took place in Isfahan against high unemployment.The National Council of Resistance of Iran...
FTSE 100 hits new high as markets reopen

FTSE 100 hits new high as markets reopen

Business
The FTSE 100 has climbed to a fresh record high as UK markets reopened after the Christmas break.London's leading share index rose to 7632.7 during Wednesday trading, advancing from all-time highs achieved last week to extend the market's so-called "Santa rally".It ended the session at 7620.7, 28 points up on its opening mark and a new closing high.The rally was supported by an upturn in copper and other commodity prices, which helped to lift global mining giants including Fresnillo, Antofagasta and Glencore.Demand for commodities implies optimism about the outlook for rapidly advancing world economies such as China.Greg McKenna, chief strategist at AxiTrader, said: "The rally in copper supports expectations that 2018 is going to be a strong year for synchronised global growth."Other world...
For many, the rent is still too damn high

For many, the rent is still too damn high

Finance
Detroit makes housing affordable with tiny homesMillions of Americans can't afford their rent. Nearly half of all renter households -- almost 21 million -- were considered cost-burdened in 2016, according to a new report from Harvard's Joint Center for Housing Studies. That means they pay more than 30% of their income to cover their housing, which includes utilities. Some renters are in an even tighter jam: 25% of renter households pay more than half of their income for housing. The good news is that the number off cost-burdened rentersisdropping. In 2014, 21.3 million renters were shelling out more than 30% for housing. Losing such a big chunk of your paycheck to housing can have a long-term impact on savings and force tough spending decisions. It can also worsen inequality among rente...