moneymarkets
- Banking
Amigo Loans shares plummet as it ups business rescue package to £97m
Amigo Loans shares dive again as sub-prime lender almost trebles business rescue package to £97m Amigo says £97m of cash…
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Marshall Motor backs £325m offer from Constellation Automotive
Marshall Motor’s board backs £325m takeover offer from Constellation Automotive Constellation made a formal offer of 400p per share last…
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Carwow raises $55m to grow its Sell Your Car service
Car dealing website Carwow has secured about $55million (£42million) of new investment for its used car marketplace as it looks…
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BUSINESS LIVE: Big firms underpay £35.8bn in tax
BUSINESS LIVE: Big firms underpay £35.8bn in tax; Covid killer drug firm lists in London; MPs ready to intervene on…
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Business calls for Government R&D spend to rise
Business groups call on Government to spend more on research and make it easier for manufacturers to access funding after…
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HMRC fears big companies underpaid £35.8bn in tax last year
Big companies underpaid £35.8bn in tax last year, HM Revenue & Customs fears By Daily Mail City & Finance Reporter…
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Ministers standing by to intervene in any attempted takeover of BT
Ministers standing by to intervene in any attempted takeover of BT with tycoon Patrick Drahi reportedly plotting to double his…
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Covid treatment firm poised to float on London Stock Exchange
Life sciences group that has developed treatment to kill Covid with laser light will become latest firm to list in…
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Virgin Atlantic blasts new travel curbs as it seeks more cash
Virgin Atlantic slams Government’s latest travel restrictions as airline holds talks with backers to raise millions of pounds to steer…
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Anthony Watson is the banker taking on the Big Four
A jet-setting financier who flaunts his luxurious lifestyle on Instagram has defended his glamorous image as he launches a new…
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Boss Nick Slape says Co-op bank is back and looking for takeovers
Strategy: Chief executive Nick Slape is considering a flotation in 2023 The Co-operative Bank is back. At least that’s according…
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Private equity baron Guy Hands injects £38m into wife’s hotel chain
Private equity baron Guy Hands injects £38m into hotel chain run by his wife Julia after it made £19m loss…
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Vaccine maker’s expansion bid for Covid jabs in Britain
Manufacturer of Oxford-AstraZeneca vaccine in talks with other developers about producing their Covid jabs in UK By Alex Lawson, Financial…
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Boots could be a target for Britain’s biggest retailers
Boots could be a target for Britain’s biggest retailers after chemist drafts in bankers to speak to potential buyers By…
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Hedge fund bosses at Marshall Wace split whopping £316m payout
Hedge fund bosses at Marshall Wace split whopping £316m payout after bumper trading during pandemic By Harriet Dennys, Financial Mail…
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TSB will be put back up for sale next year after slashing costs
TSB will be put back up for sale next year after closing branches and slashing costs By Emma Dunkley, Financial…
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Billionaire heiress Karen Lo makes play for Playtech
Billionaire heiress builds up shareholding in Playtech, muscling her way into £2.7bn three-way takeover tussle for gambling software company By…
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Activist investor Elliott builds Taylor Wimpey stake
Now US raider builds Taylor Wimpey stake: Activist investor Elliott targets £6bn construction giant after battles with GlaxoSmithKline and SSE…
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As takeover talk hits fever pitch, BT boss says: We are ready!
New chairman of BT says telecoms giant is ‘prepared for anything’, as rules preventing its largest shareholder launching a takeover…
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After raft of closures… at last a lifeline for your local bank
Key report mapping out how banks intend to help preserve nationwide access to cash and branches on high street is…
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Royal London prepares to pounce if LV’s Bain deal rejected
Royal London poised to launch accelerated bid for rival LV if a sale to US private equity giant Bain collapses…
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Top Heathrow investor slams price hikes at airport
One of Heathrow’s most powerful investors warns that airport’s plans to raise passenger charges will damage Britain’s business interests By…
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Analysts believe Patrick Drahi will take a seat on board of BT
Analysts believe Patrick Drahi will take a seat on the board of BT by buying Deutsche Telekom’s stake in the…
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On the Beach suing Ryanair for £2.3m over money owed
On the Beach suing Ryanair for £2.3m over money owed for flight cancellations during the pandemic By Daily Mail City…
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Pharmaceutical giant Astrazeneca scuppers £5.7bn Sobi deal
Astrazeneca thwarts £5.7bn private equity takeover of Swedish pharmaceuticals group Sobi By Daily Mail City & Finance Reporter Published: 21:50,…
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Members hire lawyers and launch legal challenge to block LV takeover
Members hire lawyers and launch legal challenge to block LV takeover: City watchdog urged to delay crucial vote By Archie…
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MARKET REPORT: Wickes shares surge on profit forecast
MARKET REPORT: Wickes shares surge after the home improvement retailer ups its profit forecasts for the third time By Francesca…
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Ministers trying to lure Rivian to build £1bn factory in UK
Ministers are trying to lure Rivian, now the world’s sixth-largest car maker, to build a £1bn factory in the UK…
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£60bn Arm bid set to collapse: Ministers push for London listing
Britain should roll out the red carpet for Arm should the company’s takeover by Nvidia collapse By Mark Shapland For…
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SMALL CAP MOVERS: Beowulf; John Lewis of Hungerford
Who’s afraid of big, bad Beowulf Mining? Not investors this week, as they piled into the mineral exploration and development…
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Nationwide names TSB boss Debbie Crosbie as next CEO
Nationwide names TSB boss Debbie Crosbie as Britain’s biggest building society’s next CEO and its first female executive director She…
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BUSINESS LIVE: Wickes hikes profit forecast; Selfridges chief’s return
BUSINESS LIVE: Wickes boosts profit guidance; Ex-Selfridges chief set for comeback; Deliveroo founder sells £47m of shares By Mike Sheen…
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Woodford’s fund invests more savers’ cash in secretive firm Mafic
Woodford’s fund invests more of its long-suffering savers’ cash in secretive manufacturing firm Mafic By Daily Mail City & Finance…
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TSB deals ‘bitter blow’ to the High Street as it axes 70 branches
Fear for jobs as TSB shuts down more branches in ‘bitter blow’ to the High Street By Lucy White For…
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Private equity in £1bn swoop on drugs firm: AIM-listed Clinigen soars
Private equity in £1bn swoop on drugs firm: AIM-listed Clinigen soars by a quarter as it’s targeted by buyout barons…
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MARKET REPORT: Opec eases worries over Omicron with production pledge
Investors were given the strongest hint yet that the Omicron variant is no more than short-term noise. Opec, the cartel…
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Electric car maker Rivian now worth £100bn – more than GM and Ford
Here’s a starter for 10. Is Rivian: a) a minor character in The Hobbit b) the name of Gwyneth Paltrow’s…
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Deliveroo founder Will Shu sells £47m of shares to pay tax bill
Deliveroo slumps after founder Will Shu sells £47m of shares at well below listing price to pay tax bill By…
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Ex-Selfridges chief Vittorio Radice set for comeback after takeover
Ex-Selfridges chief set for comeback after Thai takeover: Vittorio Radice to return to retailer he ran two decades ago By…
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HSBC, Barclays and Natwest among banks fined £293m over forex scandal
HSBC, Barclays and Natwest among banks fined £293m over ‘Sterling Lads’ forex scandal By Daily Mail City & Finance Reporter…
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Competition watchdog tells Facebook to sell Giphy
Competition watchdog tells Facebook to sell Giphy claiming it will protect social media users and promote innovation By Daily Mail…
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Ryanair and Wizz Air publish latest passenger numbers
Ryanair and Wizz Air upbeat despite Omicron turbulence, as they reveal passengers held up in November Ryanair carried 10.2million passengers…
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Test and Trace winner Serco tempers profit forecasts for 2022
Test and Trace winner Serco tempers profit forecasts for 2022 with Covid business on the decline The outsourcer expects a…
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AJ Bell’s revenues and profits surge on the back of record new customer numbers
Record new customer numbers and net inflows see AJ Bell’s revenues and profits surge Revenues at the Greater Manchester-based firm…
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Royal Dutch Shell launches fresh share buyback scheme
Royal Dutch Shell launches fresh multi-billion pound share buyback scheme as plans to ditch group’s dual structure gain momentum Royal…
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BUSINESS LIVE: Abrdn and II deal nears; LadBible set for London float
BUSINESS LIVE: Abrdn and Interactive Investor deal nears; KMPG faces government contract ban; LadBible set for London float By Mike…
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Vehicle hire firm Redde Northgate gets a boost to its bottom line
Get a van, start earning: Commercial vehicle hire firm Redde Northgate sees shares leap 9.5% on boost to profits Redde…
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LV chairman oversaw 161 botched Post Office prosecutions
LV chairman oversaw 161 botched Post Office prosecutions: Fresh shame for Cook as he seeks to sell mutual By Lucy…
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Crowdfunding platform Seedrs snapped up by US rival Republic for £75m
Payday for Seedrs founders as UK crowdfunding platform is snapped up by US rival Republic in £75m deal By Mark…
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Pets at Home staff retrieve a £11.7m profit from savings scheme
Pets at Home staff retrieve a £11.7m profit from savings scheme thanks to lockdown puppy boom By Daily Mail City…
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