THREE major energy suppliers are giving out tens of thousands of energy-saving devices to households this winter.

Energy bills have risen for millions of households and winter fuel payments restricted to those on benefits.

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But there is a host of help at hand if you’re struggling to cover bills.

Octopus Energy, OVO Energy and EDF have all launched multi-million pound schemes offering free energy-saving gadgets to households in need.

From air fryers, to electric blankets and mattress toppers, here is everything you might be eligible for.

Octopus Energy

Octopus Energy is offering 20,000 electric blankets in total to customers in need this winter.

One of the UK’s largest energy firms has already distributed over 60,000 since January 2022 through its £30million Octo Assist Fund.

Octopus said customers with an electric blanket have saved an average £150 on their combined gas and electricity bills in previous winters.

The electric blankets are open to all customers, however Octopus said it is prioritising those in “particular circumstances”.

This includes those that are medically vulnerable, the elderly of people living alone.

The blankets provided to customers are made by Dreamland and usually cost £69.99 new.

To apply for an electric blanket, visit: http://octopusenergy/blog/octo-assist.

OVO Energy

OVO Energy has launched a £50million package of support for struggling customers.

Applications for the fund opened on October 1 with households eligible for payment holidays and direct debit reductions.

But some may be eligible for free energy-saving gadgets including electric throws and mattress toppers.

What you are entitled to depends on your personal circumstances although you do have to be an OVO Energy customer.

Find out if you’re eligible for help via https://www.ovoenergy.com/extra-support

EDF

EDF is pumping £29million into a range of support for hard-up households this winter.

Customers can get debt arrears wiped and free energy-saving gadgets such as air fryers, kettles and slow cookers.

EDF said it will replace any broken or in poor working order appliances with energy-efficient ones.

But not everyone qualifies for help. EDF said its team will identify eligible customers and refer them on for extra support.

You can find out more and apply via https://www.edfenergy.com/energywise/how-edf-are-supporting-their-customers-through-uks-cost-living-crisis

What other help is on offer

If you’re not eligible for free energy-saving gadgets through Octopus, EDF or OVO Energy’s funds, there is other support at hand.

You may be able to get free devices through the Household Support Fund between now and next March.

The fund is worth £421million and has been distributed among councils in England.

Each council gets to decide how to distribute its share of the fund but some are giving households free appliances and devices which could save you money on your energy bills.

Meanwhile, you might be able to get help paying for insulation or a new more energy-efficient boiler through the Energy Company Obligation.

You might even be able to get them for free depending on your circumstances.

It’s worth noting though that you are only eligible for help through the Energy Company Obligation if you are on benefits, classed as vulnerable or have a home with a low Energy Performance Certificate.

An Energy Performance Certificate is a document that shows how energy efficient your property is.

If neither of these two options are available, you might be able to save money on your bills by installing a heat pump, which you can get subsidised through the Boiler Upgrade Scheme.

Do you have a money problem that needs sorting? Get in touch by emailing money-sm@news.co.uk.

Plus, you can join our Sun Money Chats and Tips Facebook group to share your tips and stories

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I first tried Apple’s Vision Pro goggles in May. It was a surreal experience at the company’s headquarters in Battersea, where I found myself swiping at 3D dinosaurs and dismantling Ferraris using tiny gestures to look at motor parts. The whole thing was designed to demonstrate the unlimited possibilities of augmented reality – an immersive world of giant cinematic screens where I could click and swipe through texts, apps and emails, looking all the while like a traffic controller with a giant screen strapped to my face.

If this was the future, it made me queasy. The Vision Pro has been designed to optimise our visual experiences, but its launch has coincided with a period of circumspection about our screen dependencies and how best to live with phones. Many establishments are now banning smartphones during school hours, and there is compelling evidence to suggest that our screen use is contributing to mental illness, sleep deprivation and general ill health.

Rhodri Marsden, a techno first-adopter, has looked at the future of the screen in this week’s design issue, and how its all-pervading influence might change in years from now. I still can’t imagine a day where we routinely wear screens on our faces, but then again who would have known that we’d all be carrying palm-sized computers in our pockets when smartphones first launched 20 years ago?

Design has always looked to the future, but it’s a strange irony that its most innovative efforts can look quaint in retrospect. Perhaps the trick is not to think about what’s coming, but to focus on what seems relevant right now. Jumbo in New York has built a practice based on taking objects and reducing them to their essence until they make “emoji” sense. Their work – fortune-cookie furniture, pasta pool floats and barricade-fence chairs – is inspired by quotidian stuff that has been reimagined as “memes”. It’s contemporary, clever and a conversation starter, despite their insistence that what they do is “dumb”. It also contributes to a design narrative that I think will make sense for many years to come. 

The trick is not to think about what’s coming, but what seems relevant right now

Venerated by the design world, the late architect Carlo Scarpa’s work synthesised ancient craft techniques with the exigencies of industrial design. His buildings are a striking expression of something unflinchingly modern yet rooted in a familiar history. When business owner and art collector Josef Dalle Nogare purchased Casa Tabarelli, Scarpa’s mountain masterpiece near Bolzano, Italy, he did so on the understanding he was merely its custodian. In the years since, however, he has made his own addition to the property: a two-storey structure with concrete stairs designed by Walter Angonese that yields a partly subterranean 5,000sq ft gallery to house his art next door. The result is a stunning confluence of aesthetics and artistic choices. It takes a brave soul to build something so close to the Scarpa home: we’re very excited to take the first look inside.

Will you be going to space any time soon? As Jeff Bezos and his cohort get ever closer to their orbital ambitions, we look at the direction of space travel and the possibilities ahead. According to Clive Cookson, the FT’s senior science writer, Virgin Galactic is set to offer 125 flights a year, taking some 750 passengers into sub-orbital space. As with wearing the face screen, I’ve never harboured much desire to be an astronaut. But I’ll happily sit through your phone snaps of the “overview effect” when you get back down to Earth.

We also welcome here another FT writer, the Weekend Magazine editor Matt Vella, who is making his debut with a new motoring column. Matt has been car-mad since childhood, and so we’ve asked him to do a regular piece about all things four-wheeled. “Squat and snub-nosed, with a vertical front window and four-wheel drive,” he writes of his first subject, the Willys-Overland Jeep, which was conceived as a flat-packed, all-terrain vehicle in 1940. Its subsequent success has been built on the fact it has retained its distinctive looks, its “two-box silhouette” and most importantly its compact size. The form has emerged as the leader in a global market that’s expected to grow to $590bn by 2034. Small is beautiful, goes the argument. Especially when it comes to SUVs.

Finally: do you own a Casio watch? Beatrice Hodgkin, the FT’s House and Home editor, has been wearing her hot-pink Casio F-91W for years now and is passionate about its charms. The brand has become a cult classic, as spotted on Marty McFly, Barack Obama and Sigourney Weaver in Alien. On its 50th anniversary, she writes a tribute to the “future classic” – surely the very hallmark of cool design. 

@jellison22

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A MUM who won £333,000 on the People’s Postcode lottery was ecstatic – until a call from her boss ruined everything seconds later.

Angela Plant split the Millionaire Street Prize with a neighbour in the Hertfordshire village of Abbots Langley.

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She wanted to go on a shopping spree after presenter Danyl Johnson knocked on her door with the huge cheque.

But just seconds later Angela’s boss rang her up asking if she could do a shift the next day at the old people’s home where she works.

Angela said: “I’m going to work tomorrow. I do their shopping, take them out for a coffee.”

She added: “I just chat to them. It keeps my mind buzzing and I love it.”

Angela said she would stick a “little bit” away – but plans to splash out on a string of exotic holidays.

The wish list of getaways includes a Greek wedding for her eldest son and a trip to Florida for her first grandchild, who is due in December.

She said: “I’m speechless. Oh my God! I was expecting about £10,000 or £15,000.

“I’m in shock. I just kept seeing threes and thought, ‘When are the threes going to end?’

“I would have been happy with £333, that could still get a bit these days.

“This year has been up and down. I’m just going to make sure all my close pals and family are looked after.

“I had a couple of knee replacements two or three years ago. Before that, I couldn’t walk down the garden path.”

She added: “You don’t want profit in the bank, you want to go out and spend it.

“We’ve got our first grandchild on the way, and she is going to be spoiled rotten.

“I’ve always, always wanted to be a grandmother. She is due on December 19. We’ll have a really good Christmas.”

Angela said: “It’s important to do things as a family. Good memories last forever.

“I’ve got good memories from the past of going with the children to Florida, so I would like to take my granddaughter there.”

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Long hours, low pay, not much job security and rude customers — why would anyone work in retail? Spare me the gloom. I was never happier than when I worked in London’s department stores between the ages of 17 and 20.

Warm memories washed over me when I read this week that Ted Decker, CEO of Home Depot, plans to make senior managers work an eight-hour shift in their stores each quarter of the year. The idea is that white-collar employees should “truly understand the challenges and opportunities our store associates face every day”.

To which I say, well done, Ted. All the same, I’m disturbed by the implication that shop floor work is more drudgery than fun. That was not my experience.

Take Peter Jones, the Chelsea store where I was a temporary worker in Towels, Furnishing Fabrics, and Lightings and Fittings before finding my true home at Boyswear on the third floor. Ah, joy! Friendships made on the shop floor lasted for years outside the store.

True, training for temps was minimal. You were taught how to use the electronic till. That was about it. As a result, when mothers arrived to spend a fortune on school uniforms for their sons, I had, at first, no idea what size shirt, cap, trousers, gym kit and so on they needed.

What’s more, I was squeamish about measuring the neck or inside leg of an 11-year-old. After one of my worst guesses, a mother complained I’d brought a pair of trousers a couple of sizes too big. “They shrink in the wash,” I said hopefully — before fleeing her irascible stare to get a better fit from the stockroom.

Meanwhile, I would hear a mischievous staffer answer the phone in front of customers: “Good morning, Empire Pool Wembley — I beg your pardon, Peter Jones Boyswear . . . ” That’s right, he never became an executive.

The point was, you learned fast. After a few weeks, I could glance at any boy emerging from the lift with his mother and correctly estimate all his sizes. To this day, I look at politicians or businessmen I’m talking with and my mind calculates: “16 neck, 36 waist . . . ”

This was the 1970s, the decade of soaring oil prices, so there were plenty of high-spending customers from Opec countries. Tips fluttered from their pockets like confetti. A £20 note could keep you in beer for a week at the Royal Court pub across Sloane Square.

And because this was the 1970s, the store closed at lunchtime on Saturdays. Time to put on the safety pins, leather tie and white T-shirt with the crimson word “scurvy” emblazoned on it (not an item sold in Boyswear), and join the punks parading down the King’s Road.

Sometimes we would head over to the Chelsea Drugstore, but not, as Mick Jagger sang, to get our prescriptions filled.

At Boyswear, we all had punk names. Mine was Mark Acid. Nicky Vamp, recruited from Girls’ Shoes, quit to run a gift shop in the spa city of Bath. Vince Vomit emigrated to Australia and made it big time, becoming a board member of the airline Qantas.

For sure, London retailing had its downside five decades ago. Selfridges was soulless. Worse still was Harrods, recently in the news because of claims of sexual assault against Mohamed Al Fayed, the store’s owner from 1985 to 2010.

I worked at Harrods before Al Fayed’s tenure, but it was a grim place even then. Management barked like prison wardens at me and other temps.

The only light relief took the form of a lift attendant who used to say to a new employee: “Do you want me to keep an eye on this package for you?” If the employee said yes, the attendant removed his glass eye and put it on the package.

We temps were unanimous that, among London’s grand department stores, Peter Jones was the place to be. I liked it so much I had dreams of running Boyswear one day. Eight hours a quarter on the shop floor? Worth every second.

tony.barber@ft.com

There’s no wrong way to put your money to work on Wall Street, but some methods produce more reliable gains than others. If you’re looking for a relatively safe and easy way to grow the stream of income you’ll have to work with during your retirement years, buying dividend-paying stocks and holding them for long periods is a terrific option.

During the 50-year period that ended in 2023, dividend-paying stocks in the S&P 500 index returned 9.17% annually on average. That’s more than double the return produced by their non-dividend-paying cousins. During the same period, the average dividend non-payers in the benchmark index returned just 4.27% annually, according to Ned Davis Research and Hartford funds.

You don’t need to be rich to put your money to work for you. At the moment, shares of AT&T (NYSE: T), Hercules Capital (NYSE: HTGC), and Pfizer (NYSE: PFE) offer dividend yields of 5% or better, and you can buy a share of all three with less than $100. Adding them to a portfolio now gives you a good chance to outperform the market while they beef up your passive-income stream.

1. AT&T

AT&T lowered its dividend payout in 2022 to adjust for the sale of its unpredictable media assets. Now that it’s strictly a telecommunications business, the cash flows it uses to make dividend payments should be extra reliable. At recent prices, the stock offers a 5.2% dividend yield.

Traditional-wireline subscriptions are still shrinking, but this headwind is easily overcome by demand for services that run on its 5G network and a growing web of fiber-optic cables. In the second quarter, mobility-service revenue rose 3.4% year over year, and this isn’t the only operation driving growth.

The three-month period ended June 30 was the 18th consecutive quarter in which AT&T added over 200,000 new fiber-internet subscribers. Late last year, the company also launched a fixed-wireless service for folks who aren’t located next to fiber optic cables. As a result, Q2 consumer-broadband sales rose 7% year over year.

At $2.7 billion in Q2, consumer broadband is responsible for less than 10% of total revenue. AT&T is one of just three telecom companies with a nationwide 5G network, so investors can reasonably rely on its consumer-broadband business to drive growth for many years to come.

2. Hercules Capital

Hercules Capital is a business development company (BDC), which means it can avoid income taxes by giving nearly all of its earnings to shareholders as a dividend payment. At recent prices, the stock’s regular distribution offers a big 8% yield.

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Hercules also offers a supplemental dividend that it set at $0.32 per share this year. If next year’s supplemental dividend remains unchanged, investors who buy this stock at recent prices will receive a 9.7% yield.

Most BDCs originate relatively high-interest loans to established mid-sized businesses that already earn money. Hercules Capital takes a riskier approach to financing by engaging start-ups in the life science and technology industries before they have any recurring revenues to report.

In isolation, the bets Hercules makes are extremely risky. The potential payoffs are so large, though, that the company can report strong-earnings growth if just a fraction of its investments succeed.

Hercules has raised or maintained its regular distribution since 2010, and continued movement in the right direction seems likely. In the first half of 2024, the BDC reported $1.07 billion in total-gross funding, which was 28% more than the previous-year period.

3. Pfizer

Sales of Pfizer’s COVID-19 vaccine and antiviral treatment broke records regarding its rate of growth and decline. Sales of Comirnaty and Paxlovid shot up to a combined $56.7 billion in 2022. Less than a year and a half later, sales of the same two drugs collapsed to an annualized $1.8 billion.

Don’t let its recent ups and downs confuse you. Pfizer is a reliable dividend payer that has raised its payout every year since 2009. At recent prices, it offers a 5.7% yield that will be easier to predict now that sinking sales of its COVID-19 products are responsible for less than 3% of total revenue.

Pfizer’s dividend payout is supported by one of the largest catalogs of drugs with patent-protected market exclusivity. In the first half of 2024, a dozen of its products grew sales by a double-digit percentage compared to the previous year period.

One of the investments Pfizer made with its pandemic-related earnings haul was the $43 billion acquisition of cancer drug developer Seagen. The purchase gave Pfizer access to four commercial-stage treatments, including Padcev. In late 2023, Padcev became a chemotherapy-free option for newly diagnosed bladder cancer patients. As such, sales are expected to reach $8 billion annually by 2030.

Padcev is one of several blockbuster drugs that could help Pfizer continue its dividend-raising streak. Adding some shares to a diverse portfolio now seems like the right move.

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3 Reliable Dividend Stocks With Yields Above 5% That You Can Buy With Less Than $100 Right Now was originally published by The Motley Fool

It might not seem like it today with market indexes rocketing to all-time highs, but bear markets do exist. They happen around once a decade and are defined as a period when an index such as the S&P 500 falls 20% or more from all-time highs.

One happened in 2022 (it seems so long ago) as well as briefly in 2020. Before that, there were bear markets in 2009, 2001, and 1990.

When stock prices are soaring, it can feel like the time to put your foot on the gas and get more aggressive with your portfolio. But counterintuitively, it is the best time to get more conservative and mix in some stocks that can weather any recession or bear market. You don’t want your entire portfolio in risky hypergrowth technology stocks that can fall 80% in a market downturn. Many investors made this mistake in 2022.

Dividend stocks with high yields can be great ballast in your portfolio when preparing for an upcoming bear market. One of the top-yielding stocks is Altria Group (NYSE: MO). Here’s why it is an ideal choice to balance out a portfolio of expensive hypergrowth stocks.

Legacy tobacco and pricing power

Altria Group is the corporate owner of Philip Morris USA, which owns brands such as Marlboro and Copenhagen. Cigarettes power the boat for the company, with Marlboro leading the way. However, smoking has been going down in the United States for many years.

Although this is a concern for tobacco companies, Altria has been able to counteract these volume declines with price increases. Revenue is up 13.1% in the last 10 years, while operating income is up 50% cumulatively over that time period.

This is why Altria has been able to consistently raise its dividend per share — most recently by 4.1% to $1.02, its 59th increase in 55 years.

At a current yield of 8%, Altria Group looks like an attractive income stock if it can keep raising prices — and therefore its dividend payout. The big questions are whether this party can continue, and whether management can switch customers over to nicotine alternatives.

Can the company switch customers to other product categories?

Pricing power is great, but it can’t sustain Altria Group indefinitely. Eventually — if the trends of the last few decades persist — cigarettes will be a minuscule part of consumer spending in the United States.

Replacing cigarettes are vaping devices and nicotine pouches. Altria Group has invested in both with its Njoy and on! brands.

Both brands are growing, but still are below direct competitors. On! nicotine pouches have 8.1% market share of the oral tobacco market (including legacy chewy tobacco and new nicotine-pouch brands), while Njoy held just 5.5% of the vaping market in the United States. Combined, the two brands still form just a small portion of Altria’s consolidated revenue.

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Over the next five to 10 years, shareholders will need to keep track of the growth of these two brands. They can help replace sales volume lost from people quitting cigarettes.

Buy it for steady returns and low volatility

Altria Group is not a high-growth company. In fact, I wouldn’t expect its revenue to grow much over the next five years. Cigarette volumes will keep declining, which Altria can counteract with price increases and growth from on! and Njoy. But at current prices, I don’t think you need much revenue growth for the stock to do well.

It has a price-to-earnings ratio of just 8.5. The company is repurchasing a ton of its stock, which means it can grow its dividend per share without growing its nominal dividend payout.

The starting yield is around 8% today, and the company has a long history of growing its dividend per share. This means that even if the stock price goes nowhere — or falls in a bear market — investors will be getting a consistent 8% yield.

For all these reasons, I think Altria Group is a cheap stock you would love to own during the next bear market, whenever it arrives.

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1 Dividend Stock Yielding 8% to Buy in Case of a Bear Market was originally published by The Motley Fool