{"id":27200,"date":"2025-06-30T13:22:11","date_gmt":"2025-06-30T13:22:11","guid":{"rendered":"https:\/\/www.europesays.com\/us\/27200\/"},"modified":"2025-06-30T13:22:11","modified_gmt":"2025-06-30T13:22:11","slug":"business-news-live-lifetime-isa-facing-reform-and-financial-advice-rules-get-once-in-a-generation-overhaul","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/27200\/","title":{"rendered":"Business news live: Lifetime ISA facing reform and financial advice rules get \u2018once in a generation\u2019 overhaul"},"content":{"rendered":"<p><a href=\"#post-2111792\" class=\"sc-1wyow5i-1 eRBxyC\"><\/a>rgin Media O2 to pay \u00a3343m to Vodafone<\/p>\n<p>Virgin Media O2 will pay \u00a3343m to Vodafone for a section of their mobile network spectrum.<\/p>\n<p>That allows Virgin to keep capacity as connectivity demands grow, particularly around London, reports City AM.<\/p>\n<p>Ofcom still have to approve the deal which would give Virgin O2 about 30 per cent of the UK\u2019s total mobile spectrum.<\/p>\n<p>Karl Matchett30 June 2025 14:00<\/p>\n<p><a href=\"#post-2111758\" class=\"sc-1wyow5i-1 eRBxyC\"><\/a>Fuel margins remain high despite lower prices at the pump<\/p>\n<p>Drivers are still being hit with high fuel margins despite lower prices at the pump, the competition watchdog has said.<\/p>\n<p>The <a href=\"https:\/\/www.independent.co.uk\/topic\/competition-and-markets-authority\" rel=\"nofollow noopener\" target=\"_blank\">Competition and Markets Authority<\/a> (CMA) said retailers\u2019 margins \u2013 the difference between what they pay for fuel and what they sell it at \u2013 remained high compared to historic levels.<\/p>\n<p>Fuel prices across the UK fell for both petrol and diesel over the three months to the end of May by 7.6 pence per litre (ppl) and 8.4 ppl respectively.<\/p>\n<p>But the CMA found that fuel margins were similar to the high levels seen during its road fuel market study \u2013 a review of the market to understand the factors influencing fuel prices undertaken in 2023 \u2013 which suggested overall competition in the UK\u2019s road fuel retail market remained \u201cweak\u201d.<\/p>\n<p>Karl Matchett30 June 2025 13:30<\/p>\n<p><a href=\"#post-2111748\" class=\"sc-1wyow5i-1 eRBxyC\"><\/a>European stock markets down, US stocks to rise<\/p>\n<p>And on the continent it\u2019s a similar story.<\/p>\n<p>France\u2019s CAC 40 is flat, currently 0.02 per cent above its starting point having bobbed about on both sides of the line today.<\/p>\n<p>Germany\u2019s DAX is down 0.17 per cent, with the Euronext 100 at the same level and Spain\u2019s IBEX 35 flat.<\/p>\n<p>In futures markets, the S&amp;P 500 in the US is projected to rise 0.47 per cent and the Nasdaq 0.67 per cent when markets open later this afternoon.<\/p>\n<p>Karl Matchett30 June 2025 13:00<\/p>\n<p><a href=\"#post-2111732\" class=\"sc-1wyow5i-1 eRBxyC\"><\/a>FTSE 100 risers and fallers<\/p>\n<p>Here\u2019s a quick check-in on the FTSE 100 today and Europe\u2019s stock markets, with the UK\u2019s benchmark index now down 0.17 per cent for the day.<\/p>\n<ul>\n<li>Rolls Royce +1.7 per cent<\/li>\n<li>Imperial Brands +1.59pc<\/li>\n<li>Coca Cola HBC +1.22pc<\/li>\n<li>AutoTrader Group +1.22pc<\/li>\n<li>The Sage Group +1.20pc<\/li>\n<\/ul>\n<ul>\n<li>Intermediate Capital Group -2.78pc<\/li>\n<li>Experian -2.23pc<\/li>\n<li>Persimmon -2.15pc<\/li>\n<li>Barratt Redrow -2.07pc<\/li>\n<li>Taylor Wimpey -1.80pc<\/li>\n<\/ul>\n<p>Karl Matchett30 June 2025 12:53<\/p>\n<p><a href=\"#post-2111584\" class=\"sc-1wyow5i-1 eRBxyC\"><\/a>Nvidia chief Jensen Huang sells shares for first time since September<\/p>\n<p>The CEO of Nvidia, the world\u2019s most valuable public company, sold some of his shares last week for the first time since September.<\/p>\n<p>Jensen Huang is believed to own around 93 million shares of the company, and through a pre-arranged trading plan agreed months ago, is eligible to sell up to 6m in this period.<\/p>\n<p>Nvidia shares hit a new all time high last week and are projected to trade at $159 when markets open later today.<\/p>\n<p>Karl Matchett30 June 2025 12:20<\/p>\n<p><a href=\"#post-2111575\" class=\"sc-1wyow5i-1 eRBxyC\"><\/a>Lloyds offer \u00a3185 cash for new current account customers<\/p>\n<p>The battle for current account customers has seen a new market-leading cash offer arise, with <a href=\"https:\/\/www.independent.co.uk\/topic\/lloyds-bank\" rel=\"nofollow noopener\" target=\"_blank\">Lloyds Bank<\/a> offering \u00a3185 to switch to them.<\/p>\n<p>You can also get a higher interest rate savings account and other perks &#8211; the full details are here, along how it compares to some other current offers for those seeking a new bank or building society.<\/p>\n<p>Definitely worth a look if your bank doesn\u2019t offer much of use!<\/p>\n<p>Karl Matchett30 June 2025 12:00<\/p>\n<p><a href=\"#post-2111558\" class=\"sc-1wyow5i-1 eRBxyC\"><\/a>Can you really afford car finance? A money editor\u2019s guide<\/p>\n<p>One of the big decisions families or individuals may have to take when it comes to spending <a href=\"https:\/\/www.independent.co.uk\/topic\/money\" rel=\"nofollow noopener\" target=\"_blank\">money<\/a> is on how to finance a new car purchase.<\/p>\n<p>While some may be in a position to fully buy outright, it is estimated that over 80 per cent of new car purchases are made using some form of financing &#8211; well over two million cars a year, old or new, are bought this way in the UK.<\/p>\n<p>Here\u2019s everything you need to know around what type of <a href=\"https:\/\/www.independent.co.uk\/topic\/car-finance\" rel=\"nofollow noopener\" target=\"_blank\">car finance<\/a> agreement might suit your needs.<\/p>\n<p>Karl Matchett30 June 2025 11:41<\/p>\n<p><a href=\"#post-2111552\" class=\"sc-1wyow5i-1 eRBxyC\"><\/a>Tik Tok sale saga set to end in July<\/p>\n<p>In case you missed it over the weekend, President Trump believes TikTok will be bought soon and we can expect details of the group set to purchase it in mid-July.<\/p>\n<p>\u201cWe have a buyer for TikTok. I think I\u2019ll need probably China approval and I think President Xi will probably do it,\u201d Mr Trump said.<\/p>\n<p>\u201cI\u2019ll tell you in about two weeks\u2009.\u2009.\u2009.\u2009It\u2019s a group of very wealthy people,\u201d he continued, as reported by the FT.<\/p>\n<p>Karl Matchett30 June 2025 11:23<\/p>\n<p><a href=\"#post-2111467\" class=\"sc-1wyow5i-1 eRBxyC\"><\/a>Would Shell and BP creating a \u00a3200bn oil behemoth be a good idea for anyone?!<\/p>\n<p>Takeover or merger talk around British <a href=\"https:\/\/www.independent.co.uk\/topic\/oil\" rel=\"nofollow noopener\" target=\"_blank\">oil<\/a> giants <a href=\"https:\/\/www.independent.co.uk\/topic\/shell\" rel=\"nofollow noopener\" target=\"_blank\">Shell<\/a> and <a href=\"https:\/\/www.independent.co.uk\/topic\/bp\" rel=\"nofollow noopener\" target=\"_blank\">BP<\/a> is not new, but has certainly ramped up this year amid diverging fortunes.<\/p>\n<p>Combining the third- and eighth-biggest firms on the <a href=\"https:\/\/www.independent.co.uk\/topic\/london-stock-exchange\" rel=\"nofollow noopener\" target=\"_blank\">London Stock Exchange<\/a> to create what would be the biggest <a href=\"https:\/\/www.independent.co.uk\/topic\/ftse-100\" rel=\"nofollow noopener\" target=\"_blank\">FTSE 100<\/a> firm would generate plenty of interest. And a combined \u00a3211bn market capitalisation &#8211; total company values by share price &#8211; would be a fine look on the face of it.<\/p>\n<p>But there\u2019s a lot more to consider than just a mega-merger\u2019s size and, examining key areas in detail, the question could be asked&#8230;would it really benefit many key stakeholders at all right now?<\/p>\n<p>Here\u2019s Karl Matchett\u2019s analysis:<\/p>\n<p>Karl Matchett30 June 2025 10:59<\/p>\n<p><a href=\"#post-2111454\" class=\"sc-1wyow5i-1 eRBxyC\"><\/a>Calls to reform Lifetime ISA over \u2018nonsensical\u2019 rules causing savers to lose their own money<\/p>\n<p>MPs have warned that those who invest in a <a href=\"https:\/\/www.independent.co.uk\/topic\/lifetime-isa\" rel=\"nofollow noopener\" target=\"_blank\">Lifetime ISA<\/a> (LISA) may get back less <a href=\"https:\/\/www.independent.co.uk\/topic\/money\" rel=\"nofollow noopener\" target=\"_blank\">money<\/a> than they put into the scheme.<\/p>\n<p>However, their dual-nature has long been a target of criticism, as well as the complex criteria for using the funds, which has led to many people losing more than they initially save. <\/p>\n<p>Karl Matchett30 June 2025 10:38<\/p>\n","protected":false},"excerpt":{"rendered":"rgin Media O2 to pay \u00a3343m to Vodafone Virgin Media O2 will pay \u00a3343m to Vodafone for a&hellip;\n","protected":false},"author":3,"featured_media":27201,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[64,135,67,132,68],"class_list":{"0":"post-27200","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-markets","10":"tag-united-states","11":"tag-unitedstates","12":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114772531805651134","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/27200","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=27200"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/27200\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/27201"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=27200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=27200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=27200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}