The cuts were announced as the group revealed that it had lost 71,000 own-brand motor insurance customers in the latest quarter.
Natwest said it bought 263m shares from the Government at a price of 380.8p each, reducing the stake to around 11.4% from 14.81%.
Shares in electric car maker Tesla, whose boss Elon Musk is a close ally of the incoming president (pictured), soared nearly 10%.
A tourist changing £500 at €1.21 would get €605 compared with the €550 they would have got in the aftermath of the mini-Budget in autumn 2022.
HMV boss Doug Putman (pictured) declared there was a 'real buzz' about its Oxford Street store which will start selling literature on November 18.
Aquis has backed a £207m takeover offer from Zurich-based SIX. Former Barclays banker Rich Ricci (pictured) is a major shareholder.
Royal Mail finds itself under intense regulatory scrutiny following the board's decision to sell-out to Czech billionaire Daniel Kretinsky (pictured).
A long sought after free trade deal with the US is elusive despite the best efforts of former Business Secretary, now Tory leader, Kemi Badenoch.
Terence Holohan (pictured) and two other executives were in Mali for talks with the local mining and tax authorities when they were 'unexpectedly detained'.
New data suggests car makers falling short of EV sales targets are slashing prices by amounts similar to fines they'll face if they don't meet the required quota.
Following what auctioneers described as a 'frenzied bidding war' between two parties vying for the keys at the weekend, the price rapidly escalated to a new world record.
Mortgage rates are heading higher once again, with big lenders now reversing some of the cuts made in recent months.
We pick our five favourite cash Isas for savers. This is essential reading to help you choose a top savings account for your money that can also protect you from tax.
The Bank of England's Monetary Policy Committee has posted a 90-page report outlining its musings on the future for inflation and the economy.
President-elect Trump has insisted he will make the US 'the crypto capital of the planet'.
Administrative staff working for Ford in the UK on Monday kicked off a week of 'targeted industrial action' as a long-running row over pay and contract changes rumbles on.
Remember the BRICS - Brazil, Russia, India and China? Back in the early 2000s, pundits predicted the countries in the group would reign supreme, economically speaking.
The MIB, which pays out claims for victims of uninsured driving and hit-and-run crashes, said that an estimated 300,000 motorists take to UK roads every day without cover.
One of Europe's largest stock exchanges has agreed to purchase London-listed Aquis Exchange in a £225million deal.
Buyers are in a rush to purchase before their stamp duty bills rise from 1 April next year, making chain-free homes an attractive proposition.
It comes nine years after the VW 'Dieselgate' scandal in which the German car maker installed 'cheat devices' into diesel models to trick official tests into recording lower emissions levels.
The Government has agreed the £1billion sale of a proportion of the taxpayer's stake in NatWest, as the lender resumes its journey back to full privatisation.
The removal of tax incentives to invest in corporations, post-Maxwell era regulation and extreme caution has weighed down on adventure.
Over 7.2 million people came through the travel hub last month; the sixth successive month it has attracted more than 7 million passengers and a 3.7 per cent rise on October 2023.
My two sisters, who have highly-paid jobs, can't resist buying extra gifts, though we agreed to a fixed-price Secret Santa. Should I say 'no extra gifts!' this year?
On a recent charity shop rummage in an affluent London borough, not too far from Paddington in fact, I spotted this rather lovely print titled 'Out for the Day'.
You could simply make employers create two pots one for each partner and pay half of all contributions to each pot. My pension is four times that of my wife's pot.
After a planning row, Deputy Prime Minister Angela Rayner is set to block or approve proposals for the London shop before or on December 5.
The news will revive fears that the home loans timebomb that exploded in the aftermath of the Liz Truss mini-Budget and sent borrowing costs soaring has not been extinguished.
Let's step back from all the politics and try to figure out what Donald Trump's victory really means for our economy here.
Stocks and shares investing wasn't really a topic of conversation with my friends or my family, so I didn't tell anyone what I was doing.
The Bank of England cut interest rates at its November meeting, after inflation dropped below its 2 per cent target for the first time in over three years.
I have been informed that the first fair in Frankfurt will not even have begun when we are there, and the fair in Koblenz will be closed for the 'Sunday of the Dead'.
Donald Trump has vowed to make America great again and, according to pollsters, more than 60 per cent of voters believe that means a stronger economy.
So have you checked your investment portfolio yet? At such a pivotal moment, it's tempting to scrutinise how your nest egg has been affected - and to have a tinker based on what you think lies ahead.
What a wicked game insurers play with their customers. A reader contacted me last week about his experience with Hastings Direct, and it's all rather unedifying.
A small parcel of shares in a hugely accomplished retailer is on my investment shopping list.
Reeves will use her keynote Mansion House speech to say lessons must be learnt from Canadian retirement schemes, who have been big investors in Britain.
Trump was undoubtedly the more crypto-friendly of the two candidates, but what are his plans for the industry?
The team discuss that US election result and interest rate cuts in the first half and then celebrate the tenth anniversary of the This is Money podcast in the second.
Borrowers on tracker and standard variable rate mortgages should see their monthly payments reduce after the Bank of England's decision to cut the base rate.
The British luxury firm's original 2030 deadline to transition away from the internal combustion engine has now officially been scrapped.
Luxury coachbuilder Bristol Cars is set to make a return in time for its 80th anniversary, after announcing plans to bring out its first new model in 2026 - an EV.
I have a Paddington stuffed bear from when I was little - it has been enjoyed by me, my children and now my grandchildren. Is he worth getting repaired?
Upheld driver complaints published by the Financial Ombudsman service lay bare the problems with 'black box' car insurance policies.
Our neighbour has bamboo growing along the boundary with our property and the roots are spreading under the fence and into our garden.
There are many tax traps for the unwary when it comes to pensions. It's especially important to find out about them if you don't get financial advice when you access your fund.
Ten years ago, This is Money did something a bit different - we launched a podcast. Simon Lambert reflects on marking that milestone.
The Bank of England has lowered interest rates by 0.25 basis points to 4.75% today, as it voted to deliver its second cut this year.
We spoke to financial advisers to find out what their clients are asking them following the Budget and how many of the changes are likely to affect you.
Lower mortgage rates and a more stable market have helped encourage more people to buy homes this year, driving prices up to a new peak.
In the most recent four years, rents increased almost ten times as much as they did in the previous four-year period. We look at why this happened, and whether the tide is turning.
I asked for an alternator test but wasn't given one - and then I broke down, costing me £610 in recovery and repairs.
A survey by the Consumer Council for Water found 18% of customers are already struggling to afford water bills - and that is before a proposed hike of a fifth by 2030.
Two Isa providers are battling it out to attract customers with the best easy-access rate on the market.
The victory of Donald Trump in the US election is expected to boost defence and oil and gas stocks, plus cryptocurrencies.
German tuning company Brabus has unveiled its Big Boy 1200 - its first venture into the motorhome market with a 26-tonne house of wheels.
Despite the lack of knowledge surrounding it, insurance premium tax is fast becoming the most expensive stealth tax.
If, like me, you've always thought you'd never be fooled by scammers, I'm proof that even if you think you know how they operate you can be easily duped.
MIillions of savers are facing higher tax bills on their savings over the next five years - but there are a few easy steps you can take to shield yours.
Motorists who have taken a loan from a car dealer to buy a vehicle should contact it now - as millions could be in line for a payout worth an average of £1,100.
As Rathbones head of multi-asset investments, David Coombs is in charge of its go-anywhere funds. He joins Simon Lambert on the Investing Show.
UK new car sales fell by 6% in October - just the second time the new car market has shrunk this year. EVs were the only fuel type to see sales rise.
Choosing the right investing platform is crucial but a wealth of choice can leave investors scratching their heads. We pick some of the best.
We asked trusted experts to recommend the best funds that cover different investment sectors - and included This is Money's selection of active and passive options too.
If you are planning on investing, or just want to know more, we tell you
the 10 essential things to consider for a successful buy-to-let
investment
If you have an EPA, your relatives can be forced to foot care bills while they wait months to get access to your finances, says Osbornes Law.
The Isa allowance looks set to be frozen at £20,000 for a further six years until 2030.
My husband died before the age of 75 and I inherited his Sipp. Will I still be allowed to draw on it tax free from April 2027?
Financial planner Michelle Holgate replies.
Aviva found 30% of under 25s admitted to buying invalid or fake car insurance from someone on social media, a scam known as ghost broking.
The model train maker is hoping increasing popularity of its smaller-scale sets will lead to a strong festive period.
Stephen Yiu said offering the incentive to firms interested in basing their headquarters in the UK would 'change a lot'.
Shareholders have put boss Deepak Nath on notice to urgently improve the underperforming company's fortunes or be ousted.
Machin is focused on Christmas 2024 and how the Marks & Spencer food team are trying to make it memorable.
Trump, who once dismissed the digital token as a 'scam', now wants to make the US 'the bitcoin superpower of the world'.
The company confirmed that Leon Wang, head of its Chinese arm, was being detained while two other executives, as well as two former bosses, are under investigation.
Mark Peden set up the Aegon fund 12 years ago and it has been a resounding success, delivering an attractive mix of income and capital return.
Results provided by data firm NIQ show UK sales hit £34 million for the year to October 5, up from £28 million the year before.
Ackman, who founded Pershing Square and still owns a 23 per cent stake, said he will ask the board to cancel the Amsterdam listing after violence against Israeli fans.
That includes a £25m profit hit in the current financial year, which will also be impacted by reduced expectations for sale completions in the period.
Rose said the supermarket would 'try hard' to mitigate the higher costs in order to offer shoppers competitive prices.
The company, rumoured to be planning a bid for Burberry, said sales over the summer were 3 per cent lower than a year earlier at £530m.
The election of Donald Trump with the prospect of tax cuts and tariffs on imports, and a reduction in borrowing costs are being digested.
The Hampshire-based company's shares were 9.1 lower at 161.2p during the early afternoon, making them the FTSE 250 Index's second-biggest faller behind Vistry Group.
Given Trump's climate scepticism and passionate love of fossil fuels, it is safe to say that the renewables industry has a lot to be worried about, at least in the US.
Scottish Mortgage has revealed a shake-up of its AI exposure, with the trust trimming its stake in Nvidia - although, it remains its top holding.
A shocking 41% of e-scooters observed across 80 different busy junctions in the capital ran red lights.
Collecting Cars, which is celebrating five years of global online auctions, has unveiled its 30 supercars that broke the million-dollar mark at auction.
Britain's largest property portal now forecasts its average revenue per advertiser increasing by £85 to £95 on the £1,431 made last year, compared to previous estimates of £75 to £85.
Fed chief Jerome Powell brushed off questions about the impact of the president-elect's plans, saying: 'We don't guess, we don't speculate, and we don't assume.'
Boohoo took a swipe at its majority shareholder, controlled by the Sports Direct tycoon, accusing Frasers of promoting 'commercial self-interest' at the expense of fellow investors.
Confidence in the Government among business and financial leaders, courted assiduously by Rachel Reeves before and immediately after the Election, is dissolving fast.
Sainsbury's said the Chancellor's National Insurance tax raid on UK plc would cost it £140million next year alone - and could force it to raise prices for hard-pressed shoppers.
One of the biggest engineers in the North Sea more than halved in value yesterday as it launched an investigation into its accounts.
AstraZeneca is holding crisis talks with the Chinese authorities after the arrest of its boss in the country.
The motor graveyard, which is filled with iconic brands such as Bentleys, Jaguars, a Porsche and even a Rolls-Royce, was discovered earlier this year.
The FTSE 100 closed down 25.94 points at 8140.74. The Bank of England has cut interest rates as expected to 4.75 per cent.
The Bank of England and America's Federal Reserve both cut their interest rates yesterday by 0.25 per cent. But no one should think that our two countries are on the same economic track: far from it.
Among the key economic losers under trump are likely to be clean energy firms and their investors.
Markets hate uncertainty, the old adage goes, so there will be some relief among investors that American voters have made a clear-cut decision.
The UK's largest train ticketing app reported its net ticket sales grew by 14 per cent year-on-year at constant currency rates in the six months ending August.
BT's boss, Allison Kirkby, said the group would go 'harder and faster' with cost-cutting efforts to help counter the soaring tax increase due next year.
Turnover at ITV Studios, maker of the hit show Mr Bates vs The Post Office, plunged by almost £300million to £1.2billion in the nine months ending September.
The cryptocurrency's price hit a peak of $75,372 after the Republican stormed ahead of rival Kamala Harris to secure the US presidency.
The Bank of England, led by Andrew Bailey, and US Federal Reserve, chaired by Jerome Powell, are still expected to cut rates by a quarter of a percentage point today.
During his campaign, Trump called tariff 'the most beautiful word in the world' and said he would impose a 10 per cent levy on imports from all countries.
Many Britons are direct investors in the US, with the lucky ones owning some shares in the high-tech giants, such as Apple, Microsoft and Amazon, that have shot up over the past couple of years
Detailed exit polling will eventually show why Republicans with Donald Trump on the top of the ballot were triumphant in the US election.
Industry body, the Society of Motor Manufacturers and Traders said 144,288 new cars were registered in October, compared to 153,529 during the same month last year.
Ferrexpo has continued to operate its iron ore mines in Ukraine, despite the invasion in early 2022. But it has had to continually deal with disruptions to its supply lines.
The FTSE 100 closed down 5.71 points at 8166.68. Among the firms with updates today are Marks & Spencer, JD Wetherspoon, Persimmon and YouGov.
AO World agreed to buy the secondhand electronics seller last month in a 9.1 pence per share deal under plans to broaden its mobile and customer technology offering.
The US election upon us, and there is little to suggest that either candidate has the edge in the race to the White House.
The retail giant urged the struggling fast fashion brand to 'stop, once and for all' its 'utter disregard for shareholder views'.
FTDI manufactures Universal Serial Bus (USB) technology, such as cables and peripheral chips, that helps connect old electrical products to modern computers.
The cryptocurrency hit a new peak of $75,273.47, soaring past the $75,000 mark for the first time a Trump took the lead in the presidential race.
The first 73-mile stretch between Watford and Rugby was completed on Monday 2 November 1959 having taken 19 months to construct.
Expectations of Donald Trump's imminent US election victory have driven the dollar higher in early trading, with Treasury yields soaring as the so-called Trump trade returns.
The chief financial officer of Asos bought more than £20,000 of the company's shares on Tuesday as their price plummeted.
Sir Tim Martin said cost inflation had gradually come down over the past two years but had 'jumped substantially' since Chancellor Rachel Reeves' first Budget speech.
This 1977 Cadillac Seville is understood to be the last car Elvis purchased before his untimely passing on 16 August 1977.
Since as of April 2027 my pension will be in my estate for inheritance tax, is there any advantage for keeping money there? Ray Black of Money Minder replies,
Yields on ten-year UK bonds have hit a new one-year high of 4.541%. Meanwhile, an auction of new ten-year gilts attracted the weakest demand since December.
The Court of Appeal ruled that commissions paid between banks and brokers on car deals may be unlawful because they were not clearly flagged.
The average cost of raising a child has increased to £166,000, or £9,222 a year if split evenly over the years until they are 18.
The average price of petrol at the pump is now 135.2p - a three-year low -after the Chancellor confirmed in the Budget that fuel duty would remain frozen for another 12 months.
House prices will grow by £84,000 from now until 2029, according to the latest house price forecast from Savills.
Citi said it expects a constructive set of proposals from watchdog Ofwat on December 19, which should drive a re-rating of the UK water sector.
Irrespective of what happened in Labour's first Budget and the US general election, Thursday is going to be an important day for all borrowers.
Around 30,000 Boeing employees walked out on 13 September, slowing aircraft production and plunging the company further into crisis.
In a blow to boss Pascal Soriot (pictured) , Astra saw £14.4bn wiped off its value after Chinese media said dozens of managers were implicated in a scandal.
George Weston, who is chief executive of the fashion retailer's parent company Associated British Foods, said it was in 'really good shape'.
The state pension is set to rise over the next five years - but not by nearly as much as it has over the past five years, figures hidden in the Budget reveal.
Furness Building Society has launched a top easy-access deal which can be downloaded from its new app.
My wife and I are in our early 80s and have lived in Spain for 21 years. My wife has banked with Santander for 45 years but suddenly we have been unable to get her a new debit card.
DMG Ventures has launched two new £25million funds, targeting fast-growing startups across Europe and the US.
The FTSE 100 firm, whose brands include Dorset Cereals and Twinings Tea, revealed its pre-tax profits jumped by 43 per cent to £1.9billion in the year to 14 September.
Family legacy plans have been upended by inheritance tax changes in the Budget, because retirement pots have been treated generously by the taxman in recent years.
Motorists will be banned from driving through the centre of Paris. A Limited Traffic Zone will be introduced on 5 November though won't be enforced until spring 2025.
The fastest growing scams of 2024 have been revealed, with fake parcel delivery scams being the most rapidly growing scam targeting Britons.
How much could giving up alcohol save you, what impact would it have on your budget, and could the money put aside turbocharge a pension push? ADAM LUCK did Sober October to find out.
All investors have exposure to the US one way or another. But markets have not priced in the result of today's election - it's just too close to call.
The move comes after universities have continued to call for tuition fees to rise with inflation.
Schroders shares sank as the fund manager blamed Chinese market volatility on £2.3bn of net investor outflows and flagged the loss of large institutional mandates.
Freda Lewis-Stempel spent the day at the Lotus Driving Academy behind the wheel of the Emira V6 for an exclusive induction into the world of driving experience days.
The online fast-fashion retailer believes its adjusted earnings before nasties will total £130million to £150million for the 2025 fiscal year, helped by gross margins rising to over 46 per cent.
Rachel Reeves's £40 billion tax bonanza will affect the financial wellbeing of millions of households for years to come.
Any Budget with £40bn of tax rises, hitting almost every citizen, is never going to win hearts and minds. Even the OBR had doubts.
RBC Capital Markets says the business empire, controlled by retail tycoon Mike Ashley (pictured), has a strong core business and good assets.
The Fed will reveal its next rates decision on Thursday, though it may still be uncertain by then whether Donald Trump or Kamala Harris has won.
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