News

HAMISH MCRAE: Footsie's Santa rally shows we are a two-tier economy

Today

A solid performance by the Footsie says nothing about the deeply troubling domestic outlook, or the prospects for firms that depend on it.

Traders bet £6bn against pound in snub to Chancellor

Today

Sentiment against the currency is now even more negative among investors than it was before the mini-Budget during the Liz Truss era.

Retailers scent a perfume bonanza as shoppers continue to splash cash

Today

Demand is driven by Gen Z, with Peter Ruis, boss of John Lewis, saying: 'You have 18-year-olds interested in £150 fragrances.'

Fury as Ed Miliband's £4bn Net Zero project could use Chinese steel

Today

Net Zero Teesside has admitted that nearly half the raw materials needed to build the power plant could come from abroad.

Blackstone ploughing £100bn into UK as buyout giant gambles on staycation boom

Today

Blackstone claims to already be Britain's largest overseas investor, with a portfolio of data centres, logistics and even railway arches.

Key Angela Rayner ally slams new town plan for 20,000 homes

Today

Cooney says other areas should be considered instead. They include the existing commuter belt and brownfield sites in Greater Manchester where the 'biggest waiting lists' are.

Aldi boss Giles Hurley sets sights on toppling Asda

Today

Hurley, who joined the no-frills grocer in 2000, has seen Aldi turn itself from 'probably quite a quirky discount retailer' to the fourth-largest food retailer.

CC JAPAN INCOME & GROWTH TRUST is a success story in the Land of the Rising Sun

Today

The trust, managed by boutique investment house Chikara, has been a success story, with launch shareholders so far enjoying total returns of close to 190 per cent.

Eurovision legend DANA reveals her financial highs and lows

Today

Dana Scallon, 75, won the song contest in 1970 with All Kinds Of Everything, which became an international No 1. She went on to be a Member of the European Parliament.

BP placed on bid alert as Shell takeover ban ends on Boxing Day

Today

BP remains a target despite dramatically hiring its first outsider as chief executive in its history as it seeks to fend off potential suitors and drop its ill-fated push on Net Zero.

Landlords face £40,000 fines if they break confusing new rules coming in next year. This is what you MUST know to avoid getting caught out

Today

Landlords will face fines of up to £40,000 if they fall foul of new complicated rules - and experts warn even those who slip up unintentionally could face steep costs.

DIY giant plunges into administration with jobs axed

Today

The company was the sole distributer of more than 6,000 hand tools, power tools, fixings and workwear to retailers, wholesalers and merchants across Britain and Europe.

Chancellor hands hospitality firms £33,000 tax hike

Today

Reeves said at the Budget she would introduce 'permanently lower tax rates for more than 750,000 retail, hospitality and leisure properties'.

Waterstones share offer would be fitting tribute to a creative Britain, says ALEX BRUMMER

Today

Not long ago, the printed word was considered a bust, killed by Amazon's Kindle and audio books.

Nike shares get a kicking after China sales slump

Today

Sales fell 17 per cent to £1.06billion for the three months to November 30, with footwear sales crashing by 21 per cent.

Make your money shine with gold, silver and platinum

Today

If you're making an early New Year's resolution, here's how to add some shine to your portfolio.

£75m Hovis deal faces watchdog investigation

Today

The CMA will look at whether the merger between the bread-maker and Associated British Foods would result in 'a substantial lessening of competition'.

Government's flip-flop policies putting motorists off buying electric vehicles, AA warns

Today

Its latest UK EV Readiness Index concluded that 'political uncertainty is putting the brakes on drivers' willingness to switch'.

Cashback for Christmas? You can earn up to £10,000 by opening a new investment account

Today

Several investing and savings platforms are in the festive spirit, because they're currently offering cashback - there's a good amount on the table. This helps to give your pot a nice boost.

Less than half of women fully trust advice from financial firms

Today

As few as 43% of women say they are confident that guidance from their financial services providers is in their best interests.

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