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All posts in: Business & Finance

Drax seeks new handout despite £300m buyback

By John Abiona Updated: 21:57 BST, 26 July 2024 The UK’s biggest wood burner is in talks with the Government over further handouts to cover funding its co... read more

Birkin handbag maker Hermes bucks the trend with profit rise

By City & Finance Reporter Updated: 21:51 BST, 26 July 2024 Must-have: TV’s Emma Hernan with a Birkin bag Birkin handbag maker Hermes has weathered th... read more

Bank of England Governor Andrew Bailey may hold key to decision on rate cut

By City & Finance Reporter Updated: 21:50 BST, 26 July 2024 Deciding vote?: Bank boss Andrew Bailey Andrew Bailey may cast the deciding vote next week when ... read more

John Lewis gets go ahead to be landlord by building hundreds of flats

By Emily Hawkins Updated: 21:50 BST, 26 July 2024 The John Lewis Partnership has taken its biggest step yet to becoming a landlord after winning the go-ahead to... read more

Co-operative Bank prepares to return to mutual ownership

By City & Finance Reporter Updated: 21:50 BST, 26 July 2024 The Co-operative Bank has revealed shrinking profits but hailed 2024 as a ‘landmark’... read more

Convicted Libor trader Tom Hayes takes appeal to the Supreme Court

By Money Mail Reporter Updated: 14:17 BST, 26 July 2024 Tom Hayes, the first trader jailed for fixing key interest rates, has been granted permission to appeal ... read more

Babcock guidance on target as global defence spending boom bolsters contractor’s profits

Babcock aims to score mid-single digits annual average sales growth In the year ending March 2024, the firm’s turnover flatlined at £4.4bn By Harry Wise ... read more

Drax Group shares surge as power generation firm scores higher profits

Drax Group shares were the FTSE 250 Index’s top riser on Friday morning The business revealed its pre-tax profits climbed by 36.6% in the first half By Ha... read more

Lloyds boss: Don’t expect cheap mortgage deals as interest rates fall

By This Is Money Reporter Updated: 09:57 BST, 26 July 2024 Lloyds chief executive Charlie Nunn  The boss of Lloyds, Britain’s biggest mortgage lender, ha... read more

Watchdog slams HSBC ‘yet again’ over customer blunders

By Money Mail Reporter Updated: 09:42 BST, 26 July 2024 HSBC has been singled out by the competition watchdog for ‘yet again’ breaking rules about k... read more

Understanding Credit Card EMIs: Benefits, Drawbacks, and How They Work

Credit Card EMIs have added to the convenience of using Credit Cards. With Credit Card EMIs you can make large purchases easily by allowing you to repay the mon... read more

Strategies for Paying Off Debt Effectively

Debt can be a heavy burden, but with the right strategies, you can take control of your finances and achieve financial freedom. In the points below, we point ou... read more

Revolut gets UK banking licence after three-year wait, allowing it to offer loans

Revolut has received a UK banking licence from the PRA It first applied for a UK Banking licence in September 2021  It means it would be able to offer customer... read more

Middle class shoppers flock back to Waitrose as  supermarket slashes prices

By Leah Montebello Updated: 08:38 BST, 25 July 2024 Shoppers have returned to Waitrose as troubled Asda continues to haemorrhage customers. In a closely watched... read more

Gucci-owner Kering rocked by global luxury sales slowdown

By Money Mail Reporter Updated: 08:36 BST, 25 July 2024 Star couple: Francois-Henri Pinault and Salma Hayek Gucci’s owner reported a fresh slump in sales ... read more

Soaring interest rates pushing hundreds of thousands of Brits ‘into poverty’, research warns

Bank of England elected to hold interest rates at 5.25% in June to curb inflation  By Leah Montebello Updated: 00:06 BST, 25 July 2024 A third of a million of ... read more

Over £1bn lost to fees on pensions moved from work plans

Hidden fees and complicated charges on pension funds impact retirement pots  By Jessica Beard Updated: 14:12 BST, 24 July 2024 Savers are losing more than £1.... read more

How Bankruptcy Attorney Works

Understanding how a bankruptcy attorney works can be the first step toward regaining control of your finances. Whether you’re exploring Chapter 7 or Chapt... read more

Rolls-Royce roars back into fast-growing short-haul aircraft market

By John-Paul Ford Rojas Updated: 09:02 BST, 24 July 2024 Rolls-Royce has taken a major step in its return to the market for short-haul aircraft by beginning wor... read more

MARKET REPORT: Compass Group points north as workers return to office

By John Abiona Updated: 08:53 BST, 24 July 2024 Compass Group is cashing in on workers returning to office canteens and snubbing pricier High Street restaurants... read more

LVMH boss hails ‘remarkable resilience’ amid luxury slowdown

By Money Mail Reporter Updated: 08:42 BST, 24 July 2024 LVMH is the latest luxury goods giant to be hit by a slowdown in demand for high-end fashion. Sales in t... read more

How towns and villages across Britain could soon be left without a cash machine – as report warns ATM’s are closing at record rates

By Adele Cooke Money Mail Reporter Updated: 01:30 BST, 24 July 2024 Some areas of London and the East of England would have no ATM machines within the next two ... read more

Beazley shares rebound as Lloyd’s of London insurer shrugs off global tech chaos

By Mike Sheen Updated: 12:15 BST, 23 July 2024 Beazley shares have regained ground after the insurer said last week’s global tech meltdown ‘will not... read more

Ofcom to review mobile network operator licence fees after BT request

BT asked Ofcom to look at the fees levied for using the 1800 MHz spectrum Ofcom charges licence fees to companies for using three spectrum bands By Harry Wise U... read more