- The Australian clean energy plan that leaves Boris green with envyon July 21, 2021 at 9:01 pm
Plans have been tabled to build the world’s biggest renewable energy hub in the Western Australian outback which will cost £54bn and cover an area of nearly 6,000 square miles.
- UK interest bill balloons to a record £8.7bnon July 21, 2021 at 9:01 pm
Following a year of unprecedented peacetime borrowing, interest payments have soared to their highest level since records began in 1997, according to the Office for National Statistics.
- Bridgepoint staff scoop £2.5bn windfall as share price surgeson July 21, 2021 at 9:01 pm
As the owner of Burger King UK and Hobbycraft floated in London, 166 of its 310 employees sold shares worth £308m. Those same staff still hold a 56 per cent stake worth £2.1bn.
- ALEX BRUMMER: Rishi can’t afford to start dishing out the goodieson July 21, 2021 at 9:01 pm
The Government’s borrowing requirement is the difference between two very big numbers. That is what the Treasury raises in taxes and Whitehall spends.
- Philip Morris boss defends plans to buy UK pharma firm Vectura Groupon July 21, 2021 at 9:01 pm
Philip Morris this month struck a deal to buy the Wiltshire-based firm – which specialises in respiratory drugs and is developing a treatment for Covid – for 150p a share or £1bn.
- Tesla strikes deal to buy nickel directly from mining giant BHPon July 21, 2021 at 9:01 pm
The contract will give the electric car maker, run by controversial billionaire Elon Musk, a guaranteed stream of the highly sought-after metal, which is used to make electric batteries.
- Magazines publisher Future soars 9% on hiked profit forecasts on July 21, 2021 at 9:01 pm
The firm, which is behind titles including Four Four Two, Country Life and Horse & Hound, reported strong second half trading led by ‘robust’ growth in digital advertising.
- Royal Mail posts fewer parcels as shops reopenon July 21, 2021 at 9:01 pm
The postal service said the number of packages sent in the UK during April, May and June was down by 7 per cent compared to last year. But against the same period in 2019, the figure was up by 35 per cent.
- MARKET REPORT: Flying Footsie heads back towards 7000on July 21, 2021 at 9:01 pm
The index enjoyed another day of gains, brushing off fears that Tuesday’s rally – after bruising slides on Monday – was a one-off. It rose 1.7 per cent, or 117.15 points, to finish at 6998.28.
- Next to return £29m in business rates relief as sales soaron July 21, 2021 at 9:01 pm
In an unscheuled update, the British retailer revealed trading had been ‘unexpectedly strong’ since May as shoppers splashed out on new summer wardrobes.
- This BLUE Ferrari F40 has just sold for a record-breaking priceon July 21, 2021 at 2:48 pm
With all 1,311 Ferrari F40s built between 1987 and 1992 leaving the Maranello factory in Rosso Corsa red, it is rare to find one of the Italian brand’s iconic supercars in any other tone.
- Tesla will open its Supercharger network to rival EVs later this yearon July 21, 2021 at 1:31 pm
The US manufacturer confirmed in March that it has over 600 in the UK, with more than 100 being installed since last summer when it celebrated its 500th supercharge in Britain in June 2020.
- Turned down for mortgages after using buy now pay later shopping dealson July 21, 2021 at 11:59 am
Mortgage advisors are urging borrowers to think twice before using the convenient checkout option from brands such as Klarna after seeing clients rejected after using this type of credit.
- Mortgage price war ramps up: Nationwide offers record breaking sub 1% five year fixed rate dealon July 21, 2021 at 11:06 am
While rates below 1% are not unusual for two year deals, Britain’s largest building society is offering this rate to those with a 40% deposit remortgaging or moving, fixed until 2026.
- Car repair bills could soar by £100 under new EU ruleson July 21, 2021 at 10:20 am
Brussels is consulting on a ban on smaller independent garages being able to fit cheaper components to vehicles, demanding that they use pricier manufacturer-branded parts instead.
- The car makers that have issued the most recalls since 1992on July 21, 2021 at 10:11 am
A new study has revealed which car makers have issued the most recalls, with the brand that tops the charts having a total of 818 dating back 29 years.
- What’s the best travel cover to buy in a Covid crisis?on July 21, 2021 at 9:10 am
The sun is shining (finally) and holidays are back on the agenda. But with Covid cases rising, testing chaos and ministers changing guidance at a moment’s notice, travelling overseas has never been trickier.
- Pinged to self isolate? These are your financial rightson July 21, 2021 at 9:10 am
After restrictions were eased this week, the Government is expecting a surge in demands to self-isolate from the contact-tracing app, which has been downloaded more than 26 million times.
- Unmarried parents to finally be entitled to bereavement benefitson July 21, 2021 at 8:39 am
Until now surviving parents could only claim up to £9,800 across 18 months in Bereavement Support Payments if married or in a civil partnership at the time of their partner’s death.
- Savers can beat pension pot age hike from 55 to 57 thanks to loopholeon July 21, 2021 at 8:38 am
HM Revenue & Customs yesterday confirmed that the minimum age at which a saver will be able to access their pension pot will rise from 55 to 57. The change will come into force in April 2028.
- ASK TONY: Left powerless by NS&I over £12,000 for Mum’s care home billon July 21, 2021 at 8:31 am
I wrote to NS&I on May 11 asking to cash in my mum’s Guaranteed Growth Bonds. I enclosed an original power of attorney, fully certified and registered with the Office of The Public Guardian.
- As inflation sends prices soaring… here’s how to protect your pocketon July 21, 2021 at 8:17 am
Last week it emerged that inflation is rising at its fastest rate for nearly three years after hitting 2.5 per cent in June, following a surge in second hand car and food prices.
- Half of those who moved house in the pandemic regret paying too muchon July 21, 2021 at 8:05 am
Lucy Stewart and husband James Cissel (pictured) thought they were the perfect buyers after selling their London flat and moving into Lucy’s parents’ house – but quickly found out this was not the case.
- Easyjet boss blasts Boris over travel restrictionson July 21, 2021 at 1:05 am
Easyjet chief exec Johan Lundgren (pictured) said ‘expensive and unnecessary testing’ for low-risk destinations ‘just doesn’t make sense’. The carrier lost £3.5m a day in the quarter to June.
- Investor hopes for a bidding war over Morrisons are dealt a major blowon July 21, 2021 at 1:05 am
US private equity firm Apollo Global Management revealed it is in talks to join Fortress Investment Group’s £6.3bn bid for Morrisons – which is led by chief executive David Potts (pictured).
- Grocers see first drop in online sales since pandemic beganon July 21, 2021 at 1:05 am
The number of people choosing to buy groceries online in the past four weeks was 81,000 lower than the same period last year, according to retail analysts Kantar.
- Household bills could rise if energy prices for industry are cuton July 21, 2021 at 1:03 am
Business Secretary Kwasi Kwarteng (pictured) said ministers have launched a consultation on how to address the sky-high prices paid by companies, including manufacturers and steelmakers.
- Chancellor set for budget headache despite borrowing estimates fallingon July 21, 2021 at 1:03 am
In his March Budget, Rishi Sunak (pictured) calculated that the UK was set to borrow £234bn in the 2021-2022 financial year. The Institute for Fiscal Studies now thinks the total could be £203bn.
- Debenhams pension scandal: MPs demand answers as retirees face 10% cuton July 21, 2021 at 1:02 am
The chairmen of two parliamentary committees say private equity firms accused of asset stripping Debenhams should be quizzed about the fate of the department store’s pensioners.
- MARKET REPORT: Crypto craze cools as Bitcoin crashes below $30,000on July 21, 2021 at 1:02 am
Bitcoin slid to $29,785 as it failed to recover from a sell-off that struck most financial markets on Monday. The dip means bitcoin’s gains so far this year have been all but wiped out.
- ALEX BRUMMER: Morrisons must be saved from the private equity sharks on July 21, 2021 at 1:02 am
Rather than engage in the indignity and expense of a bidding war for Morrisons, tainted Apollo has laid down its weapons and is ready to form a common front with Softbank-backed predator Fortress.
- Pubs and drink makers raise a toast to Freedom Dayon July 21, 2021 at 1:02 am
After months of crippling lockdown measures, the beleaguered hospitality sector is showing signs of bouncing back as rules are eased and hot weather drives punters outdoors.
- Shell to appeal Dutch court ruling over climate change targetson July 21, 2021 at 1:01 am
A Dutch court ruled in May that by 2030 the energy supermajor must reduce its net carbon emissions by 45 per cent compared with 2019 levels. Shell had vowed to reach net zero by 2050.
- Banking giants finally get the green light to pay dividends againon July 20, 2021 at 9:45 pm
Better than expected economic data is finally starting to breathe signs of life into the big banks. Lloyds and NatWest are up 30 per cent and 28 per cent since January, with Barclays up 15 per cent.
- Building societies launch better-paying branch-based savings accountson July 20, 2021 at 9:45 pm
While none of the new deals can match the rate of inflation, which leapt to 2.5 per cent in June, they offer a much better chance of shielding your money than the 0.01 per cent paid by High Street banks.
- Netflix turns to video games in battle to reverse subscriber slowdownon July 20, 2021 at 9:01 pm
Jerusalem-based drama Shtisel (pictured) has been a hit show for streaming giant Netflix and while the US tech giant is still gaining paying customers it is doing so at a far slower rate.
- VICTORIA BISCHOFF: We need hot tips for cold callers on July 20, 2021 at 9:00 pm
Could it really be true that fraud cases are spiralling because we are too polite to hang up on cold callers? Two major banks – Santander and Marcus by Goldman Sachs – certainly think so.
- On your bike! The Dutch bicycle hire firm getting Britain peddling againon July 20, 2021 at 3:27 pm
Swapfiets (Swap Bikes in Dutch) is a bicycle hire firm where customers can rent bikes from £12.90 per month, rising to £14.90 for a more luxurious model and £75-a-month for an ebike.
- Ombudsman slams DWP failures in telling women about pension age delayon July 20, 2021 at 1:21 pm
Women Against State Pension Inequality said the findings reinforced what it unfortunately knew all along. and has renewed calls for compensation to women who were affected.
- Beware the crypto scammers: Fraudsters fleece British couple of £15kon July 20, 2021 at 10:32 am
The couple were duped by a fake bonus offer from a scammer pretending to work for Coinbase, shortly before the crypto platform went public in New York.
- Millions of mobile phone users left out of pocket as 71% use less data than they purchaseon July 20, 2021 at 10:08 am
Mobile phone users in Britain are being left out of pocket each month with 71% using less data than they actually purchase, new research has revealed.
- Fight rip off summer family activity and childcare charges with these 14 money-saving trickson July 20, 2021 at 10:06 am
Finding affordable things to do as well as reducing the cost of extortionate childcare costs can be difficult, but it’s not impossible. Here’s 14 tips to ensure you don’t break the bank this summer
- Care home provider Anchor Hanover issues £350m sustainability bondon July 20, 2021 at 8:19 am
‘We have ambitious plans to meet the increasing needs of older people in a sustainable way,’ chief financial officer Sarah Jones said.
- Transport minister hints electric car grant will be scrapped entirelyon July 20, 2021 at 7:31 am
The Government in March slashed the Plug-in Car Grant, reducing both the subsidy amount by £500 to £2,500 and eligibility for models up to £35,000. The move was lambasted by industry insiders.
- Best fixed savings deals: Rates begin to nudge higheron July 20, 2021 at 6:36 am
Average fixed rates rose monthly for the first time since October 2020, according to Moneyfacts, while choice grew to the highest number seen this year.
- MARKET REPORT: Top shareholders shun £1.4bn bid for Spire Healthcareon July 20, 2021 at 12:10 am
Spire’s Australian rival Ramsay Health Care had tabled a 250p-per-share bid for the mid-cap hospital group. But two of Spire’s biggest shareholders – Fidelity and Toscafund – rebelled.
- Fears over the Delta Covid variant see £54bn wiped off the FTSE100on July 20, 2021 at 12:09 am
The UK’s leading share index fell 2.3 per cent. The plunge followed steep drops overnight in Asia and in Paris and Frankfurt the Cac 40 and the Dax were both down by more than 2 per cent.
- ALEX BRUMMER: Beijing games the system to poach homegrown UK talenton July 20, 2021 at 12:09 am
As the biggest outside investor in Sheffield-based gaming group Sumo, the £920m bid by Hong Kong-quoted Tencent cannot be regarded as a total surprise.
- Fashion icons Zegna and Etro fall as spacs and private equity swoop on July 20, 2021 at 12:08 am
Zegna will go public in a £2.3bn Spac deal in New York later this year. Private equity firm L Catterton, which is backed by LVMH, has agreed to buy a 60 per cent stake in Etro (worn by model, pictured).
- Sir Martin Sorrell toasts his comeback at booming S4 Capital on July 20, 2021 at 12:08 am
Sir Martin Sorrell’s outfit S4 Capital said in a trading update that sales and profits had surpassed expectations this summer. Sorrell (pictured) set up S4 just months after leaving WPP in 2018.
- MPs raise alarm as Chinese private equity sets its sights on UK techon July 19, 2021 at 8:53 pm
Buyout firms with links to Beijing have been quietly swooping on a string of science, technology and engineering firms. MPs claim some of the firms effectively act as proxies for China.
- Chinese giant Tencent wrestles for control of UK video games firm Sumoon July 19, 2021 at 8:52 pm
Tencent, founded by Chinese billionaire Pony Ma (pictured), swooped on Sumo Group with a £920m takeover bid, which was was backed by the British video games studio’s management .
- Scottish Mortgage has 5.8% of its funds invested in China’s Tencenton July 19, 2021 at 8:51 pm
According to Scottish Mortgage, the stake in Tencent was valued at £1bn at the end of May. The £16bn investment trust’s holding in Tencent’s rival Alibaba was worth another £723m.
- FTSE 100 slumps to its lowest level since Mayon July 19, 2021 at 6:22 pm
It fell 2.3 per cent to 6,844.4p on Monday as the overwhelming majority of firms registered on the blue-chip index saw their share price decline, with the biggest faller being Rolls-Royce Holdings.
- One in three think their parents will need to sell their homes to pay for careon July 19, 2021 at 2:40 pm
A third of people think their parents will need to pay for care later in life but many fear they lack the means to afford it.
- Physio outlines bad driving posture that can cause long-term injurieson July 19, 2021 at 2:03 pm
Victoria Joyce, a clinical tutor at Liverpool Hope University, says drivers can adopt poor positions – such as having the seat too far back or gripping the wheel incorrectly – that our bodies hate.
- Nick Train: Finsbury Growth & Income picked up as value rally fadedon July 19, 2021 at 1:09 pm
‘We underperformed during the first quarter because investors were chasing beaten-up UK value and recovery stocks – which we do not own,’ said Train.
- Meet the duo that started gluten-free White Rabbit pizza range with £25kon July 19, 2021 at 12:27 pm
Matteo Ferrari and Nick Croft-Simon launched their gluten free vegan pizza brand White Rabbit in 2015 and it now sells in Sainsburys and Waitrose.
- SMALL CAP IDEA: Lords Group Trading on the front footon July 19, 2021 at 11:34 am
Lords’ London Stock Exchange float is expected to value the business at £150million. Crucially, it will provide management with £30million of cash.
- London rakes in £107m extra from ULEZ and zone expands in 14 weekson July 19, 2021 at 11:10 am
The figures, uncovered by the AA, are revealed just months before ULEZ expands from the current small central zone to cover a huge swathe of residential London.
- Sanlam Artificial Intelligence: Fund uses AI…to find best AI investmentson July 19, 2021 at 10:33 am
The growing presence of AI in our everyday lives is apparent everywhere from healthcare to online shopping and this fund aims to tap into it.
- MIDAS SHARE TIPS UPDATE: Sugar-free Tate & Lyle looks good valueon July 19, 2021 at 10:28 am
Midas recommended Tate & Lyle in 2015, when the shares were £6.08. Today, the shares are £7.29. Existing shareholders should retain their stock. New investors could pick shares at current levels.
- MIDAS SHARE TIPS: HydrogenOne’s push to back cleaner energyon July 19, 2021 at 10:27 am
Clean hydrogen is one of the fastest-growing sectors within green energy. HydrogenOne is starting small but hopes to scale up rapidly,
- Over a million households have been affected by Supplier of Last Resort process in last 2.5 yearson July 19, 2021 at 10:18 am
Providers that have failed in recent years include Tonik, Toto Energy, Solarplicity, Our Power, GnERGY and Go Effortless.
- Stamp duty rush could lead to spike in claims for expensive legal mistakeson July 19, 2021 at 10:01 am
Surveyors and conveyancing solicitors have been under huge pressure to complete sales – and experts predict a rise in homeowners making legal claims after they discover mistakes.
- Soho House founder Nick Jones prepares to float his empire in New Yorkon July 19, 2021 at 9:38 am
Nick Jones (pictured), the founder and chief exec of the Soho House chain of private members clubs, describes its upcoming listing as ‘nerve-wracking and exciting in the same measure.’
- RUTH SUNDERLAND: Gender gap hits UK economicson July 19, 2021 at 8:30 am
The under-representation of women is important. It affects what questions economists ask and address, and the nature of the advice they give on public policy and to companies.
- Chancellor Rishi Sunak is braced for an increase in interest billon July 19, 2021 at 8:23 am
Consumer price inflation surged to 2.5 per cent in June, leading to concerns at the Bank of England that monetary policy may have to be tightened as soon as August 5.
- A quarter of £100k-plus earners don’t have enough cash for rainy dayon July 19, 2021 at 8:00 am
A total of 23 per cent of households with an income of £100,000 a year could not pay a large unexpected bill or cover their essential outgoings for three months using their savings.
- How thieves steal catalytic converters – and how to protect yourson July 19, 2021 at 7:22 am
The catalytic converters are part of a vehicle’s exhaust and are designed to filter out harmful emissions. Thieves target them because they contain precious metals.
- Am I paying tax on my state pension twice? Steve Webb replieson July 19, 2021 at 6:47 am
It does not feel logical to reduce my personal allowance to get the taxes in one instance and then charge me tax on the state pension again in my return.
- Public companies issued lowest ever number of profit warnings this springon July 18, 2021 at 11:01 pm
Only 32 listed firms said their earnings were set to be worse than forecast in the second quarter, EY-Parthenon research found, indicating businesses are bouncing back from Covid.
- Lipsticks flying off shelves as women gear up for nights out on the townon July 18, 2021 at 9:39 pm
And sales are set to boom, according to leading make-up brand No 7. There was a 61 per cent surge in the number of lipsticks sold between April and June compared with the first quarter, it said.
- Mitie facing backlash against bonus plan for boss Phil Bentleyon July 18, 2021 at 9:39 pm
Bentley will receive up to £5.7m if he reaches certain performance targets over the next three years. If he received the full amount, it would amount to 640 per cent of his £900,000 salary.
- Revolution Beauty: ‘Building a British global beauty brand’on July 18, 2021 at 12:52 pm
You may not yet have heard of Revolution Beauty and even less so its co-founder and creative heart Adam Minto. But, if he has his way, that will soon change.
- Could a bright pink kiosk in the Co-op give us back our high street banks?on July 18, 2021 at 12:52 pm
This is a OneBanks outlet, where customers of any bank can take out and deposit money and carry out transactions. There is always someone on hand to help visitors – and teach them online banking skills.
- How a ‘green’ home could cut cost of your mortgageon July 18, 2021 at 12:51 pm
Green mortgages are deals with special rates that are only available on properties with high levels of energy efficiency. They incentivise people to buy an efficient home or to refurbish a draughty one.
- Dancing On Ice’s Zoe Salmon talks to ME & MY MONEYon July 18, 2021 at 12:51 pm
The TV presenter says the biggest money mistake she ever made was buying a Grade II-listed apartment. She is attempting to hula-hoop for 500 minutes as part of the ‘Do It 4 Youth’ challenge.
- Bag a luxury holiday home getaway for free with a house swapon July 18, 2021 at 12:45 pm
In a house swap, you look after their home, knowing they are doing the same for yours. Simon and Jane Perkin have planned four free holidays this year – thanks to house swaps.
- Typhoo Tea is bagged by private equity firmon July 18, 2021 at 12:38 pm
Industry sources said London-based Zetland Capital, led by dealmaker Ahmed Hamdani, has secretly snapped up a majority shareholding in Typhoo Tea.
- Lady Cobham furious as Advent pays
£42m dividendon July 18, 2021 at 12:37 pm
Advent bought the firm in 2020 after an 18-month tussle with the founding family. It then began a dismantling of the group. Accounts show Cobham will pay a £42.2million dividend for 2020.
- Bob Diamond wants to scrap bank rules made after financial crisison July 18, 2021 at 12:36 pm
Diamond is pushing for a change to measures created to stop banks ploughing ordinary savers’ cash into risky securities.
- RACHEL RICKARD STRAUS: Scammers are getting away with billionson July 18, 2021 at 12:29 pm
The longer we wait until scams are taken seriously, the more brazen scammers will become. After all, why hide when there is little chance of getting caught?
- The Olympics treasures that sell for thousandson July 18, 2021 at 12:27 pm
The Olympic Games have produced some of the finest sports memorabilia over the decades. Some objects aren’t worth a great deal, but others can fetch hundreds of thousands of pounds.
- Morrisons set to unveil store with NO workerson July 18, 2021 at 12:27 pm
The grocery giant – which is currently at the centre of a takeover battle – has been secretly working on the plan for more than a year and is likely to launch a pilot store to the public ‘within months’.
- Why investing in Japan could be a runaway
successon July 18, 2021 at 12:26 pm
In normal times, a buzz might provide a nice economic boost to the Olympic’s host country, but that won’t be the case this time. Nonetheless, opportunities abound.
- HAMISH MCRAE: The mood darkens on inflationon July 18, 2021 at 12:02 pm
We should welcome that change of view. They know that if inflation does not subside soon not only will they have to tighten policy; they will be blamed for not tightening earlier.
- Income boost alert: Firms from oil giants to miners restore dividendson July 18, 2021 at 11:58 am
The Bank of England announced this week that it is removing the remaining ‘guardrails’ that barred banks from giving investors a divi. Yet these payouts from companies have become politicised.
- What links rocketing car hire prices and inflation? TiM podcaston July 18, 2021 at 8:52 am
In a sign of the inflationary times, the cost of renting a car has rocketed to about three times the price of last year and it’s being blamed on the semiconductor shortage.
- Sainsbury’s: Staff and customers ‘want to wear masks’on July 18, 2021 at 8:42 am
The supermarket’s retail director said she was among those who ‘don’t particularly like wearing a mask’ and recognised encouraging people to do so ‘won’t be welcomed by some’.
- Boohoo and The Hut Group backing beauty Revolutionon July 17, 2021 at 10:23 pm
Mahmud Kamani and Matt Moulding are both understood to have invested millions of pounds in the online beauty retailer which is due to float on the London Stock Exchange, sources said.
- Damning report on audit failures triggers fears of another Carillionon July 17, 2021 at 10:23 pm
The bleak review comes after the spectacular downfall of Greensill Capital, which counted David Cameron as an adviser until it filed for administration in March.
- Revolut considering London Stock Exchange listingon July 17, 2021 at 10:22 pm
The financial ‘super app’ last week fetched a blockbuster valuation of $33billion (£24billion), bigger than NatWest, after an $800million fundraising from private equity giants Softbank and Tiger Global.
- Ladbrokes owner Entain braced for new takeover bidon July 17, 2021 at 10:22 pm
In January, Entain rejected an £8billion all-share offer from MGM Resorts International. Under Takeover Panel rules it was prevented from returning with a fresh bid for six months.
- Soaring Covid cases will delay recovery, say economistson July 17, 2021 at 10:22 pm
City veterans said the soaring number of coronavirus cases has hit consumer confidence, and ‘confused’ guidance on returning to work could stall economic growth.
- Profits nearly halved at music giant Warner’s British arm last yearon July 17, 2021 at 10:22 pm
Warner Music UK – home to Dua Lipa and Liam Gallagher – saw profits plunge 46 per cent to £25million in the year to September 25, new accounts reveal.
- The 10 most expensive cars sold at UK auctions so far in 2021on July 17, 2021 at 10:29 am
The average amount forked out on auction-sold classics last was £38,984 – in the first six months of 2021, the average outlay is £45,648. We reveal the cars sold for the highest prices in 2021 so far.
- Should we look to Tally’s gold-linked account to beat inflation?on July 17, 2021 at 9:11 am
Rising inflation means cash savings are being eroded at an alarming rate at present, and the Bank of England could be forced to act sooner rather than later to quash the problem.
- Funky, French and frugal: RAY MASSEY tests Citroen’s C3 Aircross SUVon July 17, 2021 at 8:00 am
At first glance, the Citroen C3 Aircross SUV looks a bundle of fun. It certainly stands out. The range itself starts at £17,320 for the Puretech 110 six-speed manual.
- MR MONEY MAKER: These household brands will help you to clean up on July 17, 2021 at 7:54 am
Unilever is a company with which we will all have some connection, from consuming their products such as Magnum, Marmite and margarine, though to your pension pot, where it will very likely be present.
- Non-executives at Morrisons under fire for selling outon July 17, 2021 at 7:52 am
Morrisons’s independent directors have been labelled ‘stooges’ for supporting Fortress’s £6.3bn bid. The capitulation has sparked outrage from across Westminster and the City.
- Blackstone pays £969m for student digs firm GCP Student Livingon July 17, 2021 at 7:50 am
Blackstone has teamed up with Dutch pension fund manager APG Asset Management to buy GCP Student Living. GCP has accepted the deal and has urged shareholders to get behind it too.
- MARKET REPORT: Rio Tinto haunted by Aboriginal cave blasts scandalon July 17, 2021 at 7:49 am
The amount of the key metal the FTSE 100 group shipped fell by 12 per cent in the three months to June compared with last year. This translated to around 76m tonnes.
- Goldman Sachs boss Richard Gnodde leads calls to return to the officeon July 17, 2021 at 7:48 am
Gnodde, the head of Goldman Sachs International, estimates around 70 per cent of staff will return to work over the next few weeks after Covid restrictions are relaxed in England on Monday.
- ALEX BRUMMER: Banking app Revolut’s £24bn valuation is cause for pauseon July 17, 2021 at 7:46 am
Fintech is the great new hope for the post-Brexit City. It is terrific that in recent weeks the profitable payments specialist Wise made a strong debut on the London Stock Exchange.
- GlaxoSmithKline commits to £400m drug research siteon July 17, 2021 at 7:45 am
Less than a month after announcing plans to split the business in two, boss Emma Walmsley (pictured) has unveiled plans to build one of Europe’s largest biotechnology campuses in Stevenage.
- We started AHE as we couldn’t find a holiday home with our disabled daughteron July 17, 2021 at 6:44 am
When she couldn’t find suitable holiday accommodation for her disabled daughter Becky Hamilton set up her own travel company.
- Check these Brexit holiday rules before you head off to Europe this summeron July 17, 2021 at 6:43 am
Many travelling to Europe this summer will be preoccupied with the new Covid restrictions, but holidaymakers are being warned not to forget the new travel rules introduced under Brexit.
- Millions of households could face higher broadband bills after Openreach hikes prices for providerson July 17, 2021 at 6:43 am
Some 12million households could face broadband price hikes later this year as suppliers look to cover the rising costs of full fibre rollout, new research has claimed.
- Could RENTING a mobile phone save you hundreds of pounds a year?on July 17, 2021 at 6:42 am
Customers are now able to lease the latest smartphones instead of buying – meaning they can be sent back and reused after two years rather than left languishing in a drawer.
- BUSINESS CLOSE: BoE urged to spell out plans to curb inflationon July 16, 2021 at 3:52 pm
The FTSE 100 index closed down 0.06 per cent or 3.93 points at 7,008.09 this afternoon, and sterling is at $1.38 against the US dollar.
- Opportunities ‘were missed’ by DWP to discover state pension debacle earlieron July 16, 2021 at 1:58 pm
Blame for the scandal, uncovered by former minister Steve Webb and This is Money, is laid on ‘process and control issues including poor staff training, instructions and quality review’.
- Lifetime allowance pension tax rules are unfair and need an overhaul, say expertson July 16, 2021 at 7:56 am
A ‘woefully’ out of date calculation used by the taxman allows people with final salary pensions to retire on much higher incomes without being hit by charges.
- Energy bills would have to soar by £56 a month before households would make their home greeneron July 16, 2021 at 7:56 am
The average British household would only invest in making their home greener if energy bills jumped by £56 a month, new research has revealed.
- Autocar turns 125! World’s oldest car magazine’s archive goes onlineon July 16, 2021 at 7:37 am
From the first horseless carriages to the latest electric conversion VW Beetle (pictured) Autocar magazine has charted the roller-coaster development of the motor car.
- Revolut is UK’s most valuable fintech firm with a £24bn price tagon July 16, 2021 at 7:30 am
The banking app earned the accolade after successfully closing a £577m funding round with Japanese investment giant Softbank and Tiger Global Management.
- Drivers hit with highest petrol prices since October 2013on July 16, 2021 at 7:24 am
The AA says a litre of petrol is now almost 20p more than it was when the weekly rise began at the end of November 2020 and at the highest it has been for almost 8 years.
- Women now make up half of UK landlords: Here’s how to get started in buy-to-leton July 16, 2021 at 7:17 am
More women than ever are becoming landlords, as their interest in property continues to outpace other investments such as stocks and shares and cryptocurrency.
- Flights to Spain still as low as £15 as holidaymakers look to travel to amber list countrieson July 16, 2021 at 12:21 am
Flights to amber list countries are available from just £15 with seven night package holidays also selling for as little as £146, new research has revealed.
- High Street debt soars five-fold to £2bn in pandemic on July 15, 2021 at 9:04 pm
A report commissioned by former Iceland chief executive Bill Grimsey warned of ‘a significant number of business failures’ as government support is withdrawn.
- Rising inflation sets alarm bells ringing at the Bank of Englandon July 15, 2021 at 9:04 pm
Central bank official Michael Saunders said inflation could hit 4 per cent later this year. He warned action might be required as soon as next month to put a lid on the cost of living.
- Takeover talk sends shares in cyber security firm Avast up 18%on July 15, 2021 at 9:04 pm
The FTSE 100 cyber-security group said it was locked in ‘advanced’ discussions with Norton antivirus software owner Norton Life Lock, which is considering making an offer for the firm.
- MARKET REPORT: Just Eat can’t deliver on its pandemic boomon July 15, 2021 at 9:03 pm
In the UK, orders rose by a staggering 733 per cent in the first six months of the year compared with 2020, as Britons cooped up by a third lockdown and a soggy spring kept coming back for more takeaways.
- ALEX BRUMMER: Time to break Britain’s addiction to quantitative easingon July 15, 2021 at 9:03 pm
Andrew Bailey’s job as Bank of England governor was always going to become most difficult when the task of preserving financial stability clashed with the core responsibility of taming inflation.
- Shares in Soho House open 6% below their float price in New Yorkon July 15, 2021 at 9:03 pm
Soho House, founded by Nick Jones, (pictured), saw parent company The Membership Collective Group’s Initial Public Offering priced at $14 a share, valuing the firm at $2.8bn (£2bn).
- Marlboro takeover of Vectura must be stopped, say lung cancer charitieson July 15, 2021 at 9:03 pm
The board of the Chippenham-based inhaler specialist, which is developing a Covid treatment, last week backed a 150p a share offer from Philip Morris International (PMI).
- City watchdog vows to ‘raise its game’ following probe errors on July 15, 2021 at 9:02 pm
Bosses at the Financial Conduct Authority said £120m will be invested in improving its data capabilities over the next three years to crack down on fraud and misconduct.
- Holiday car hire prices SKY-HIGH due to chip shortage hitting supplyon July 15, 2021 at 4:28 pm
Industry insiders say the price spike is due to rental firms reducing fleets and now struggling to increase them at short notice in-line with holidaymaker demand.
- BUSINESS LIVE: Surge in pay rings alarm bells for pensionerson July 15, 2021 at 4:08 pm
The FTSE 100 closed down 79.17 points at 7012.02 and the pound was at $1.38 against the dollar.
- Should the Chancellor honour the state pension triple lock?on July 15, 2021 at 2:54 pm
Our readers are enthusiastic to see the commitment fulfilled, voting nine to one in favour in our ongoing poll, and pensioners point out that they struggle to make ends meet in retirement.
- Aston Martin unveils its £700,000 217mph hybrid Valhalla supercaron July 15, 2021 at 2:01 pm
Aston Martin has gone back to the drawing board to rework the 2019 prototype hybrid supercar to ensure it could become a production reality that also makes money.
- UK house prices rose 10% in a year, says ONS, but agents tip they may ‘plateau’ on July 15, 2021 at 12:01 pm
Latest official statistics show £23,000 house price increase in year to May as Britons went on ‘final buying frenzy’ ahead of stamp duty holiday tapering down in June.
- Sunak heralds success of Revolut amid £24bn valuationon July 15, 2021 at 11:53 am
The banking app, which also allows users to buy and trade cryptocurrency, is now Britain’s most valuable fintech firm.
- Asos share price drops 14% amid Covid fearson July 15, 2021 at 9:50 am
With many bricks-and-mortar stores only just starting to reopening over the period, Asos was able to capitalise on the shutdown and added 1.2million customers to its site.
- My 80p bag of crisps shows how inflation creeps up, so fight the spikeon July 15, 2021 at 8:02 am
In my mind a bag of crisps still costs about 40p, yet whenever I buy them they seem to cost roughly double that. Their steady rise in price shows how inflation eats our savings.
- Earn a steady income while doing some good by backing social housingon July 15, 2021 at 6:42 am
Specialist investment trusts allow everyday investors the opportunity to invest in a good cause while providing a steady income.
- Energy price cap expected to rise by £150 next month: Households urged to keep an eye on billson July 15, 2021 at 6:42 am
The rising cap is mainly due to the wholesale energy market, where gas prices have increased by 55 per cent since January. They are now at their highest level since 2005 and continue to rise.
- A guide to Capital Gains Tax: Who pays it and on which assets?on July 15, 2021 at 6:41 am
There can be a lot of confusion around paying CGT, how it is calculated and when it applies. Here, we explain some answers to the most frequently asked questions about it.
- GRACE ON THE CASE: I owe £3k for missing Dartford crossing paymentson July 15, 2021 at 6:41 am
I have missed some Dartford Crossing payments and now the debt has reached over £3,000 – despite me owing just £135. How is this fair?
- Planning application submitted for gigafactory at Coventry Airporton July 14, 2021 at 11:02 pm
The proposals is for a 5.7m square foot site for both battery production and recycling that is estimated to add £434m to the local economy each year, as well as create 6,000 new jobs.
- Pandemic predators a threat to 200 UK firms, say City analysts on July 14, 2021 at 9:11 pm
The fresh analysis comes as private equity giants swoop on financially sound companies whose value has been depressed by the coronavirus crisis, in an attempt to buy them on the cheap.
- Astrazeneca wins all-clear to swoop on rare disease drug firm Alexionon July 14, 2021 at 9:08 pm
Astrazeneca boss Pascal Soriot (pictured) has pitched the deal as a way for the Covid vaccine maker to gain a foothold in potentially lucrative treatments for rare diseases,
- MARKET REPORT: Home improvement boom boosts Dunelm on July 14, 2021 at 8:58 pm
Customers stocked up on cushions and bedding – proving that after more than a year of staying at home, Britons are still keen to make their abodes as comfortable and cosy as possible.
- Online investment fraud rose 50% in the pandemic as savers lost £535mon July 14, 2021 at 8:57 pm
Despite the rise in online investment scams, during a time when criminals took advantage of savers stuck at home, the Government has so far refused to include financial harm in its Online Safety Bill.
- Boohoo to grow Debenhams brand in the Middle East in new partnershipon July 14, 2021 at 8:57 pm
The fast fashion specialist, known for its £3 T-shirts and dresses, announced it will extend Debenhams’ franchise agreement with Alshaya, putting Boohoo products in permanent stores for the first time.
- ALEX BRUMMER: Stop the private equity feeding frenzyon July 14, 2021 at 8:57 pm
There is no escaping the fact that the FTSE350 has become a happy hunting ground for the private equity barons. The main explanation for this happening is that London stock prices are cheap.
- BUSINESS CLOSE: UK inflation reaches highest rate since 2018on July 14, 2021 at 3:52 pm
The FTSE 100 index closed down 0.47 per cent or 33.53 points to 7,091.19 this afternoon.
- More misery for UK savers as inflation rises to 2.5% in Juneon July 14, 2021 at 2:29 pm
Alarm bells will be sounding for savers today following news that inflation surged for the fourth consecutive month to its highest rate for almost three years.
- Provident tells former customers to use ethical lenders as watchdog raps compensation schemeon July 14, 2021 at 2:02 pm
Around 280,000 customers of its closed doorstep lending arm will receive emails directing them towards the UK’s 250 credit unions, and a group of nearly 50 affordable credit providers.
- We reveal the areas with highest number of motors stolen – and those where your car will be safeston July 14, 2021 at 9:00 am
London has been named as the car crime hotspot of the UK with Lambeth having the highest number of thefts, holding a 12.32 per cent frequency rate, new research has revealed.
Wednesday, July 21, 2021