Two Corbyn energy firm bosses quit, leaving behind high debts and a probe into its financial statements By Harriet Dennys For Financial Mail On Sunday Published: 21:59 GMT, 28 December 2019 | Updated: 21:59 GMT, 28 December 2019 Two bosses of Jeremy Corbyn’s energy supplier have stepped down from the board amid a probe into … Read more
Auditors put aside a £160m legal pot as they brace for a barrage of fines and legal challenges in 2020 By Daily Mail City & Finance Reporter Published: 22:59 GMT, 27 December 2019 | Updated: 10:15 GMT, 28 December 2019 The Big Four accountants have set aside more than £160million as they brace for a … Read more
Late rush of shoppers ease Boxing Day blues By Daily Mail City & Finance Reporter Published: 22:59 GMT, 27 December 2019 | Updated: 01:26 GMT, 28 December 2019 The number of visitors to shops during the Boxing Day sales fell despite a late burst of bargain hunting. Final figures released by researchers at Springboard showed … Read more
As he prepares to take over at the Bank of England, Andrew Bailey comes under fire over HBOS report delay Labour MP Peter Kyle has urged the FCA to publish its report on HBOS Ex-HBOS head James Hornby has been partly blamed for the bank’s downfall The FCA & PRA have not said which former … Read more
Former RBS chief who turned round the bank gets a CBE while incoming John Lewis boss gets a damehood Ross McEwan is honoured with a CBE for services to the financial sector The banker is credited with returning taxpayer-owned RBS to profitability Jonathan Symonds, the chairman of Glaxosmithkline will also receive a gong By Lucy … Read more
Taxman gets a bigger Xmas bonus By Daily Mail City & Finance Reporter Published: 23:00 GMT, 27 December 2019 | Updated: 23:00 GMT, 27 December 2019 More than 3,000 people filed their tax returns on Christmas Day, figures from HM Revenue and Customs have revealed. The peak period was between noon and 1pm, when 245 … Read more
Williams F1 team sells engineering wing to Oxford friend of Michael Gove By Daily Mail City & Finance Reporter Published: 22:59 GMT, 27 December 2019 | Updated: 22:59 GMT, 27 December 2019 Williams F1 car in the Abu Dhabi Grand Prix The company behind the Williams Formula One team has sold its engineering arm to … Read more
Two London-listed companies are still grappling with the fallout from attacks by the aggressive US hedge fund Muddy Waters. Shares in private hospital group NMC Health sank into the red as it launched another rebuttal to Muddy Waters’ allegations. But litigation funder and former stock market darling Burford Capital climbed higher as it attracted a … Read more
Wages will finally surpass 2008 peak next year, think tank claims – but employment rate could soften The employment rate nudged to a record 76.2% this year Job market could weaken next year, Resolution Foundation says Britain saw flatlining levels of productivity this year, falling 0.5% in Q2 By Harry Wise For This Is Money … Read more
The Irishman’s release on Netflix killed its cinema ticket sales says Cineworld boss By Daily Mail City & Finance Reporter Published: 22:59 GMT, 26 December 2019 | Updated: 12:46 GMT, 27 December 2019 The boss of a major cinema chain has blamed Netflix for disappointing box office takings from one of this year’s most anticipated … Read more
End-of-year rally! Boost for Donald Trump as the US stock market reaches record high; Amazon shares surge 4.5% By Daily Mail City & Finance Reporter Published: 22:59 GMT, 26 December 2019 | Updated: 10:17 GMT, 27 December 2019 US stocks hit record highs last night in an end-of-year rally. The tech-focused Nasdaq Composite rose 0.8 … Read more
Troubled Uber co-founder Travis Kalanick leaves the company’s board By Daily Mail City & Finance Reporter Published: 23:00 GMT, 26 December 2019 | Updated: 23:00 GMT, 26 December 2019 Uber co-founder Travis Kalanick has quit the taxi app’s board after selling most of his shares. The 43-year-old billionaire announced his departure on Christmas Eve. He … Read more
High street troubles will continue in 2020 with supermarkets Sainsbury’s and Marks & Spencer set to struggle This year, well-known brands like Mothercare have gone into administration The British Retail Consortium said business rates were fuelling store closures Hedge funds have taken positions against Sainsbury’s and Marks & Spencer By Tom Witherow For The Daily … Read more