Irish banker handed top job at scandal-hit Credit Suisse as it shakes up its management again By Lucy White For The Daily Mail Published: 21:43 BST, 22 August 2022 | Updated: 10:07 BST, 23 August 2022 New role: Francesca McDonagh A Irish banker is set to take a top job at Credit Suisse as the … Read more
Euro dives to 20-year low against the dollar on worries over the global economy By City & Finance Reporter for the Daily Mail Published: 21:54 BST, 22 August 2022 | Updated: 21:54 BST, 22 August 2022 The euro has fallen to a 20-year low as the dollar soared on worries over the global economy. The … Read more
Debt-laden Cineworld admits it is considering bankruptcy as it struggles under the weight of a £7.5bn debt pile The troubled cinema chain, worth less than £50m, warned last week it was in survival talks amid a lack of blockbusters and weaker than expected sales Cineworld said yesterday options include a Chapter 11 bankruptcy filing, which … Read more
Evidence is mounting of a worsening outlook for the British economy as fresh data showed wage growth dwarfed by inflation and a weakening job market. The Office for National Statistics revealed that in real terms, regular pay in the year to June fell by a record 3 per cent when adjusted for soaring inflation, which … Read more
Watchdog nears agreement with freeholders to remove ‘unfair’ ground rent terms in leasehold contracts Freeholders who bought from Taylor Wimpey and Countryside may remove doubling clauses The CMA says the ground rent terms violate consumer protection law Countryside says it has not sold any homes with ground rent clauses since 2017 By Fran Ivens For … Read more
Boost for ousted WeWork founder Adam Neumann as Silicon Valley venture capital firm backs his comeback project By Daily Mail City & Finance Reporter Published: 21:59 BST, 15 August 2022 | Updated: 22:31 BST, 15 August 2022 Backing: WeWork founder Adam Neumann (pictured with wife Rebekah) Ousted WeWork founder Adam Neumann has won financial backing … Read more
Bank of England set to deliver another 0.5% rate hike next month as it steps up its fight against inflation By Daily Mail City & Finance Reporter Published: 22:03 BST, 15 August 2022 | Updated: 10:02 BST, 16 August 2022 The Bank of England will deliver another 0.5 percentage point increase in interest rates next … Read more
Premier Foods’ sales jump as shoppers snap up Mr Kipling owner’s ‘value meal’ brands like Batchelors and Nissin Premier Foods said it enjoyed a ‘strong’ first quarter in an update today The group said ‘good value meal’ options were proving popular with shoppers By Jane Denton For Thisismoney Published: 10:42 BST, 20 July 2022 | … Read more
Are flying taxis really ready for take-off? Californian tycoon says his 200mph electric aircraft could cut journey times for millions By John-paul Ford Rojas For The Daily Mail Published: 22:17 BST, 20 July 2022 | Updated: 10:49 BST, 21 July 2022 They could shorten a four-and-a-half hour car journey to just 30 minutes or slash … Read more
Bank of England boss ‘failed to protect’ British Steel pensioners from dodgy financial advisors while he was City watchdog chief By Lucy White For The Daily Mail Published: 22:15 BST, 20 July 2022 | Updated: 22:46 BST, 20 July 2022 Andrew Bailey has been blasted by MPs for failing to protect British Steel pensioners while … Read more
One of Savile Row’s oldest tailors hunting for buyer to save it from collapse after 251 years in business By Daily Mail City & Finance Reporter Published: 22:25 BST, 13 July 2022 | Updated: 22:45 BST, 13 July 2022 One of Savile Row’s oldest tailors is hunting for a buyer to save it from collapse … Read more
UK’s competition watchdog confirms launch of ‘phase one’ investigation into Morrisons takeover of retailer McColl’s By Daily Mail City & Finance Reporter Published: 22:25 BST, 13 July 2022 | Updated: 23:15 BST, 13 July 2022 The UK’s competition watchdog has confirmed the launch of a ‘phase one’ investigation into the Morrisons takeover of retailer McColl’s. … Read more
Don’t talk the UK into a recession: Lloyds boss warns doom-mongering could become self-fulfilling By Daily Mail City & Finance Reporter Published: 22:04 BST, 6 July 2022 | Updated: 09:30 BST, 7 July 2022 The chief executive of Lloyds has warned that Britain risks talking itself into a recession. While Charlie Nunn acknowledged people were … Read more