Vauxhall has launched the fifth generation of its top-selling Corsa hatchback in a patriotic pitch to refresh the marque and move it decisively into the electric era. Driving the new Corsa, from £15,550, confirms that the company’s new French owners have come up with a perky proposition, and will follow up with an electric version … Read more
Hugh Thomas has come a long way since crafting the Ugly Drinks business in his flat with only the money from his and co-founder Joe Benn’s last paycheck as well as funding from friends and family. The business – and it’s quirky name – was borne from the frustration of seeing big soda brands marketing … Read more
Johnson’s Government faces first test on foreign takeovers as decision on Cobham’s future looms By City & Finance Reporter for the Daily Mail Published: 22:01 GMT, 13 December 2019 | Updated: 10:37 GMT, 14 December 2019 Boris Johnson’s Government will face its first test on foreign takeovers next week when the Business Secretary makes the … Read more
Retailers urge new Government to slash business rates to save the High Street The Tory manifesto outlined plans to reduce rates burden by £320m in 2020/21 It proposes a discount of 50% for businesses with a rateable value below £51K But this discount is set to last for a year only By City & Finance … Read more
Will Shafik be the first female Bank governor? Economist emerges as leading contender for top job Minouche Shafik would be the first woman to lead the central bank Egyptian-born Shafik is a former deputy governor at the Bank By Hugo Duncan for Daily Mail Published: 22:01 GMT, 13 December 2019 | Updated: 10:37 GMT, 14 … Read more
Builders lead Boris bounce, as utilities and banks also rise on dramatic day for markets Housebuilders, banks and utility companies led the charge The pound soared above €1.20 for the first time since the Brexit vote in 2016 By James Salmon for the Daily Mail Published: 22:01 GMT, 13 December 2019 | Updated: 10:36 GMT, … Read more
The market euphoria which lifted the pound and shares in the FTSE 100 and UK-focused FTSE 250 is fully justified. Britain still faces the challenge of navigating Brexit and a slowing global economy, but the long shadow of Labour taking over the means of production for great swathes of the economy has been lifted. The … Read more
Aston Martin stock plunges as luxury car maker seeks new investors Aston Martin is mulling a number of ways to get an injection of cash The firm is courting Formula 1 billionaire Lawrence Stroll and other car makers Shares plunged 9.5 per cent, or 58.4p, to 556.8p on Friday By City & Finance Reporter for … Read more
Monzo hikes overdraft fees for those with lower credit scores as some could pay up to 39% annual interest Monzo customers with lower credit scores will face higher overdraft fees It will ditch its 50p daily charge and instead bill customers on a sliding scale Those who go into the red will be charged annual … Read more
Viagogo’s £3bn takeover of rival ticket resale website Stubhub faces competition probe There are concerns about the impact the takeover could have on ticket prices The CMA said it could result in ‘a substantial lessening of competition’ The deal was announced last month By City & Finance Reporter for the Daily Mail Published: 22:00 GMT, … Read more
M&C Saatchi chairman facing pressure to quit in the wake of £12m accounting fiasco By City & Finance Reporter for the Daily Mail Published: 22:00 GMT, 13 December 2019 | Updated: 10:34 GMT, 14 December 2019 The chairman of M&C Saatchi could be replaced after the advertising group was rocked by a £12million accounting scandal … Read more
Woodford savers set to lose up to 42% of their investments locked in collapsed Equity Income fund Savers who put their money in at the peak in 2017 are facing losses of up to 42% Blackrock said it was ready to begin returning cash to investors on January 20 So far, it has sold enough … Read more
TRUST WATCH: Aberforth Smaller Companies By City & Finance Reporter for the Daily Mail Published: 22:01 GMT, 13 December 2019 | Updated: 10:33 GMT, 14 December 2019 WHAT IS IT? The Aberforth Smaller Companies trust is the largest of its kind within the UK Smaller Companies sector. It aims to make a return greater than … Read more