Mortgages are back in focus today- well when aren't they frankly?
It comes after a new ruling from the Financial Conduct Authority (FCA) which could see many consumers in line for compensation. To cut a long story simple, it centres around those who have been in arrears with payments and who may have paid more than they should.
It is where arrears have been automatically included in regular monthly payments and some customers may have been paying twice for going into arrears: Once through higher monthly mortgage payments, and once through separate payments to clear the outstanding debt.
The FCA has now ordered lenders to work out who is affected, and how much they are owed.
Philip Green and the BHS debacle is also in the news.
He owned the department store for 15 years before controversially selling it to serial bankrupt Dominic Chappell for £1 last year and in July it went bust resulting in the in the closure of all stores, and a £571mln pension deficit.
MPs will later decide in Parliament on a vote whether Green will to be stripped of his knighthood or not.
Here's what everybody is talking about on #mortgages via social media. https://t.co/QEwxFj8sLc
— Matthew Arena (@MatthewArena) October 20, 2016
It seems Tesco (LON:TSCO) is determined to make the headlines still, despite beginning to throw off the shackles of a tortuous few years.
Last week it was the Unilever (LON:UNLV) spat, now it emerges three former Tesco executives are to stand trial accused of fraud in a year's time related to the £326 million accounting scandal of 2014.
Carl Rogberg, Christopher Bus and John Scouler, who were finance director, former managing director and former commercial director have been charged with one count of fraud by abuse of position and one count of false accounting.
It is one of the biggest trending stories of the day and also attracting hits on social media.
Tesco executives to go on trial in September next year https://t.co/KqRKBsi9v8
— The Independent (@Independent) October 20, 2016
Also in focus is cyber-security firm NCC Group PLC (LON:NCC),which lost a third of its value as it warned of contract cancellations and difficulties with services contract renewals.
The group’s assurance division, which protects customers against cyber attacks, said three unrelated contracts were cancelled in the first four months of the group’s financial year.
Philip Green and the BHS debacle is also in the news.
He owned the department store for 15 years before controversially selling it to serial bankrupt Dominic Chappell for £1 last year and in July it went bust resulting in the in the closure of all stores, and a £571mln pension deficit.
MPs will later decide in Parliament on a vote whether Green will to be stripped of his knighthood or not.