VANRATH rounds up the trending finance news stories this week
The branded staple foods costing up to 910% more than their budget counterparts
Which? analysed the prices of almost 26,000 food and drink products for its inflation tracker at eight major supermarkets - Aldi, Asda, Lidl, Morrisons, Ocado, Sainsbury's, Tesco, and Waitrose.
Rice, spaghetti, baked beans and tea bags are among the staple items costing three times as much if the budget versions are not available in supermarkets, new research has found.
SSE Airtricity electricity price decrease could see Northern Ireland households saving £90 annually
SSE Airtricity has announced a 7% decrease in its standard unit rates for electricity across Northern Ireland.
The decrease, which is effective from November 1, 2023, means a typical domestic customer will see annual costs reduce by around £89.37 and all domestic SSE Airtricity electricity customers will benefit from this reduction.
EU fines TikTok €345mn for breaching children’s data rules
TikTok has been hit with a €345mn EU fine over the way it processed the personal data of children and teenaged users, the first handed out by the bloc to the Chinese-owned social media platform.
Ireland’s Data Protection Commission, the regulator responsible for holding TikTok Technology to EU data protection law, announced the fine on Friday after an investigation that began in September 2021.
Monzo clients rush to sign up for BlackRock offering
More than 200,000 Monzo customers have joined a waiting list to use a BlackRock investment offering when it launches in the “coming weeks”. Tens of thousands of customers signed up “within hours” of the initial announcement by the UK challenger bank on September 12, with the waiting list growing to 200,000 within two days.
The new service will offer the bank’s 8mn customers online access to three BlackRock multi-asset funds, which in turn invest in a range of passive funds.
