Morrisons feels pinch as sales slump: Supermarket group blames inflation for challenging trading conditions By Daily Mail City & Finance Reporter Published: 22:07 BST, 29 June 2022 | Updated: 22:07 BST, 29 June 2022 Morrisons has reported a slump in sales over the past three months. The supermarket group, the subject of a £7billion takeover … Read more
Unilever unloads Ben & Jerry’s Israel business amid clash with the ice cream brand over West Bank sales By Daily Mail City & Finance Reporter Published: 22:07 BST, 29 June 2022 | Updated: 22:07 BST, 29 June 2022 Ben & Jerry’s has been forced by its owner Unilever to end a boycott of the occupied … Read more
Boohoo names Trainline’s Shaun McCabe a new finance boss as higher return rates and shifting shopper habits eat into UK sales McCabe will succeed Catto who will stay on the board as an executive director Boohoo recently reported a drop in UK sales amid shifting shopper habits By Jane Denton For Thisismoney Published: 09:22 BST, 23 … Read more
House price data defies expectations with cost of the average home surging £50,000 since start of the pandemic By Mark Shapland For The Daily Mail Published: 21:56 BST, 22 June 2022 | Updated: 22:24 BST, 22 June 2022 House prices in Britain have soared by £50,000 since the start of the pandemic, according to official … Read more
Natwest moves a step closer to private ownership as Government extends share-selling scheme by another year By Daily Mail City & Finance Reporter Published: 21:57 BST, 22 June 2022 | Updated: 22:37 BST, 22 June 2022 Sale: Natwest chief exec, Alison Rose, was appointed in 2019 Natwest has moved another step closer to private ownership … Read more
Fresh scandal for beleaguered Credit Suisse after it emerges Vatican charity cash was invested in a luxury London property By Lucy White For The Daily Mail Published: 21:57 BST, 22 June 2022 | Updated: 22:53 BST, 22 June 2022 Credit Suisse has been hit with another lawsuit – this time in a deal involving the … Read more
Marks & Spencer is ramping up plans to relocate some of its town centre stores, which have ‘lost impetus as a result of failed local authority or government policy’. The retailer plans to largely focus relocating certain stores from the centre to the edge of towns, as well reducing in-store space dedicated to clothing and homeware. … Read more
Saudi Aramco’s profits surge by 82% as energy giant capitalises on soaring crude oil prices By Daily Mail City & Finance Reporter Published: 21:50 BST, 15 May 2022 | Updated: 08:36 BST, 16 May 2022 Saudi Aramco’s profits surged by 82 per cent for the first three months of the year, as the energy giant … Read more
ITV braced for tough summer as advertising revenues dry up despite robust start to the year By Farah Khalique For The Daily Mail Published: 21:50 BST, 11 May 2022 | Updated: 21:50 BST, 11 May 2022 ITV is bracing for a tough summer as advertising revenues dry up following a robust start to the year. … Read more
Twitter takeover won’t damage Tesla, insists Musk after electric car firm’s shares plummet 30% By John Abiona For The Daily Mail Published: 21:50 BST, 11 May 2022 | Updated: 21:50 BST, 11 May 2022 Elon Musk has insisted his £35billion takeover of Twitter will not distract him from Tesla. The world’s richest man, 50, is … Read more
Former Bank of England chief economist Andy Haldane accuses it of acting too slowly to curb inflation – and warns steep price rises could last years By Daily Mail City & Finance Reporter Published: 21:53 BST, 8 May 2022 | Updated: 21:54 BST, 8 May 2022 Former chief economist of the Bank of England Andy … Read more
Britain’s largest electricity distributor agrees to pay £14.9m into redress fund after it fails to offer support during power cuts to vulnerable customers By Daily Mail City & Finance Reporter Published: 22:26 BST, 4 May 2022 | Updated: 22:26 BST, 4 May 2022 Britain’s largest electricity distributor has agreed to pay £14.9m into a redress … Read more
Central banks set for aggressive round of interest rate hikes in ‘show of strength’ against rampant inflation By Hugo Duncan for the Daily Mail Published: 21:50 BST, 1 May 2022 | Updated: 10:44 BST, 2 May 2022 The world’s leading central banks look set for an aggressive round of interest rate hikes in a ‘show … Read more