Financial planning is a useful and necessary tool for any young person hoping to build and increase their assets in order to enjoy a more comfortable financial position in later life. It is also important that you choose the right financial planner, alongside the right cashflow modelling tool, to help you meet your long-term objectives.

This week's roundup covers positive first-half gains for Vodafone, as well as Tesco posting its fastest sales growth for three years. We also report on a first annual profits dip in six years for easyJet and warnings from the Money Advice Service that 16 and 17-year-olds are ill-prepared for dealing with finances as they approach adulthood.

Our roundup this week includes the result of the US presidential election and its impact on the dollar, as well as the announcement of a profits loss for M&S;, attempts by the UK to boost trade links with India and a cyber heist affecting 20,000 Tesco Bank customers.

By Amanda Bailey, Solicitor at Knights (Professional Services Limited), Chester