Elon Musk was back in the news this week, a surprise for such a shy, unassuming fellow.The Tesla founder was awarded the Axel Springer Award, in person, a gong which honours “the inventive spirit and innovative power with which Elon Musk has revolutionised several industries”.He...
The Government claims the move will help repair the country’s finances by saving £524 million, couching it as closing a tax loophole for the rich in London. But while London is the main centre for international duty free shopping, Edinburgh and Manchester’s shops also take £92...
A number of supermarket giants have said they plan to repay business rates relief they were given during the coronavirus crisis.Some of the UK’s largest grocers have faced criticism about benefiting from the business rates holiday, aimed at helping firms ride out pandemic, because they...
The head of Britain’s biggest pensions operator, Phoenix, today said he saw plenty of scope for new acquisitions even as the company digests its recent takeover Swiss Re UK operations. Phoenix has grown rapidly by taking on financially stretched companies’ pension obligations in so-called bulk...
The first supplier casualty from the collapse of Topshop owner Arcadia Group appears to have emerged, as London firm Lloyd Shoe Company lined up administrators.Hackney-based Lloyd Shoe Co employs 243 people and operates footwear concessions within some Arcadia stores, sourcing shoe ranges. The firm continues...
BUY to let lender Paragon is preparing for a rocky 2021 – while talking with optimism about a potential economic bounce back. For the year to September it set aside £48 million to deal with bad debts and saw profit tumble by £43 million to...
BRITAIN is racing to invest in the stock market, a trend that has seen savings surge and boosted profits at stock brokers.Today AJ Bell said revenues for the year jumped 21% to £127 million, with profits up 29% to £49 million. That allows for a...
The FTSE 100 was set to fall today as France’s President Macron threw a spanner into the Brexit trade negotiations by demanding tougher terms on the UK.Shares on the index were set to lose some of yesterday’s strong gains, partly due to concerns over the...
Having the first drink of the day at 9am carries a certain social stigma. Unless you’re in an airport. Or it is Christmas Day. Or if the nation has just emerged, blinking and giddy with excitement, from its second lockdown of the year. I am...
G4S's Canadian suitor has heaped pressure on the UK security company by significantly upping its takeover bid to £3.7 billion.The proposal at 235p a share is a 24% hike on GardaWorld's previous offer of 190p a share, which had failed to win support from G4S...