The BoE could raise interest rates earlier than expected in the face of soaring in inflation, says HSBC boss CFO Ewen Stevenson predicts the base rate could start moving from mid-2022 The raise in interest rates would be welcomed by long-suffering savers The Bank of England slashed interest rates to a record low of 0.1% … Read more
Boss of US private equity firm hoping to snap up Morrisons is hired to head up UK Government Investments By City & Finance Reporter for the Daily Mail Published: 17:09 EDT, 2 August 2021 | Updated: 17:09 EDT, 2 August 2021 The partner in a major private equity firm has been appointed by the Treasury … Read more
Twitter founder Jack Dorsey splashes £20bn on ‘buy now, pay later’ firm, making it the biggest ever buyout of an Australian company Jack Dorsey’s financial services firm Square has purchased Afterpay Afterpay’s stock stood at at just over A$12 (£8.64) in early 2020 But it was at A$114.80 (£86.62) last night while Square’s share price also rose … Read more
Online car dealer Cazoo hits £8m in profits as it prepares for US listing thanks to a seven-fold increase in sales By City & Finance Reporter for the Daily Mail Published: 17:10 EDT, 2 August 2021 | Updated: 17:10 EDT, 2 August 2021 Founder of Cazoo, Alex Chesterman (pictured) Cazoo has turned a profit, preparing … Read more
As pandemic restrictions are lifted, Bank of England set to keep pumping money into economy despite fears of rising inflation The inflationary spike has put the Bank’s huge quantitative easing programme in the spotlight, with its monetary policy committee increasingly at odds over what to do next Having hit 2.5 per cent in June, inflation … Read more
One of Britain’s electricity grid operators pays billionaire owner £237m dividend for second year in a row By Daily Mail City & Finance Reporter Published: 16:50 EDT, 1 August 2021 | Updated: 16:50 EDT, 1 August 2021 One of Britain’s electricity grid operators has paid its billionaire Hong Kong owner a £237m dividend for the … Read more
Hollywood’s Sunset Studios has a new sister site – a £700m development in Broxbourne, Hertfordshire – the first the chain has built outside Tinseltown By Daily Mail City & Finance Reporter Published: 17:05 EDT, 1 August 2021 | Updated: 17:05 EDT, 1 August 2021 Hollywood’s Sunset Studios chain has a new sister site – in … Read more
Ryanair boss Michael O’Leary could be flying towards an £85m payout despite pandemic turbulence By Daily Mail City & Finance Reporter Published: 16:50 EDT, 1 August 2021 | Updated: 16:50 EDT, 1 August 2021 Ryanair boss Michael O’Leary could be flying towards an £85m payout despite pandemic turbulence. The businessman stands to bag the lucrative … Read more
One of Britain’s oldest mail order plant and seed companies could be about to change hands for up to £200m By Ben Harrington, Financial Mail on Sunday Published: 16:50 EDT, 31 July 2021 | Updated: 16:50 EDT, 31 July 2021 One of Britain’s oldest mail order plant and seed companies could be about to change … Read more
Virgin Money losing raft of senior bankers on its top executive team amid a restructuring By Emma Dunkley, Financial Mail On Sunday Published: 16:50 EDT, 31 July 2021 | Updated: 16:50 EDT, 31 July 2021 Virgin Money is losing a raft of senior bankers on its top executive team amid a restructuring. Gavin Opperman, director … Read more
House sales on track for their best year since before financial crisis By Emma Dunkley, Financial Mail On Sunday Published: 16:50 EDT, 31 July 2021 | Updated: 17:01 EDT, 31 July 2021 House sales are on track for their best year since before the financial crisis. The number of homes bought and sold is set … Read more
Fears workers in Leicester’s textile factories are still being exploited weigh down shares in Boohoo By Daily Mail City & Finance Reporter Published: 16:50 EDT, 30 July 2021 | Updated: 16:50 EDT, 30 July 2021 Fears workers in Leicester’s textile factories are still being exploited weighed down shares in Boohoo yesterday. Last year an independent … Read more
Quarter of supermarket milk deliveries by UK’s biggest dairy supplier unable to get through because of driver shortage By Daily Mail City & Finance Reporter Published: 16:50 EDT, 30 July 2021 | Updated: 16:50 EDT, 30 July 2021 Up to a quarter of supermarket milk deliveries by the UK’s biggest dairy supplier have been unable … Read more