Britain’s Big Four banks are again at the centre of a compensation crisis. The lenders face the likelihood of being compelled to meet their share of a £44billion bill to cover consumer redress for the past selling of car finance. Lloyds alone may have to pay out £3billion, leading its …
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By ALEX BRUMMER Updated: 16:54 EST, 28 February 2025 When Business Secretary Jonathan Reynolds has sorted out his CV and claims to being a solicitor perhaps he might find time to refocus on Royal Mail. Reynolds, the Communication Workers Union and the flaccid board of Royal Mail-owner International Distribution Services …
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By CALUM MUIRHEAD Updated: 16:51 EST, 22 February 2025 A French theme park tycoon with ties to the Kremlin is behind plans for a £600 million attraction hoping to be set up near Oxford. Puy du Fou, which runs medieval-themed parks in France and Spain, plans to expand with a …
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Small businesses in the North are set to bear the brunt of changes to business rates this spring. In her tax-raising Budget in October, Chancellor Rachel Reeves announced plans to phase out rates relief introduced to help struggling companies during the Covid-19 pandemic. The move means retail, hospitality, and leisure …
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By JANE DENTON Updated: 04:13 EST, 18 February 2025 Holiday Inn owner InterContinental Hotels Group has acquired its 20th hotel brand as it reported stronger profits and outlined plans for further expansion. The FTSE 100-listed group said it had snapped up ‘lean luxury’ specialist Ruby Hotels for an initial £87.6million. …
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By DAILY MAIL CITY & FINANCE REPORTER Updated: 17:00 EST, 17 February 2025 Topps Tiles’s largest shareholder has slammed the group after regulators said its deal to buy 30 stores from a rival could lead to competition issues. The flooring company bought the stores for £9million in August last year …
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By ALEX BRUMMER FOR THE DAILY MAIL Updated: 17:01 EST, 17 February 2025 Thames Water will be back in the spotlight today when a court is due to rule on whether an emergency £3billion loan from creditors should be allowed to proceed. An alternative is that the utility company is …
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By ALEX BRUMMER Updated: 21:50, 14 February 2025 This week the Competition and Markets Authority (CMA) gave its go-ahead, after nine months of delay, to BlackRock’s £2.6billion purchase of City-based alternative investment platform Preqin. Aside from making its founder, the Suffolk farmer Mike O’Hare, very rich, the deal illustrates the …
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Business Secretary Jonathan Reynolds carelessly waving deal through Reynolds, board and CWU cajoled into thinking takeover is a good thing Keir Starmer should intervene before more damage is done to UK plc By ALEX BRUMMER Updated: 16:50 EST, 7 February 2025 One cannot but despair of Labour’s dealings with commerce. …
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Bond markets have calmed in recent weeks but investors have good reason to remain nervous after the New Year rout. Yields from government debt have retreated from earlier highs, but concerns about inflation and the prospect of slower interest rate cuts are still prevalent. Returning US president Donald Trump is …
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