Business & Finance

Jeff Bezos set to dump a further £800m of Amazon shares

By Daily Mail City & Finance Reporter Updated: 22:16 GMT, 21 November 2023 Shrinking stake: Amazon founder Jeff Bezos (pictured) is set to dump a further [...]

Military supplier Avon Protection battles back after closure of its armour division

By Daily Mail City & Finance Reporter Updated: 22:15 GMT, 21 November 2023 Avon Protection has set its sights on becoming the biggest supplier of [...]

GSK plans low-carbon asthma inhaler in bid to cut its greenhouse gas emissions

By Calum Muirhead Updated: 22:12 GMT, 21 November 2023 Pharma giant GSK is planning to create a low-emission version of its Ventolin medicineThe humble asthma [...]

Bank clashes with City over interest rates: Bailey says markets are wrong to expect cuts anytime soon

By John-Paul Ford Rojas Updated: 22:06 GMT, 21 November 2023 The Bank of England yesterday stepped up its battle against City expectations of an interest [...]

OpenAI in turmoil as staff call for ousted chief exec to return and board to go

By Jessica Clark Updated: 22:05 GMT, 21 November 2023 The future of OpenAI hangs in the balance as the board opens negotiations to bring back [...]

Ineos hit by lawsuit as Ratcliffe closes in on £1.3bn stake in Man Utd

By Jessica Clark Updated: 22:04 GMT, 21 November 2023 Sir Jim Ratcliffe’s petrochemicals empire Ineos is being sued in a row over the sale of [...]

Musk sues Left-wing pressure group after anti-Semitism row

By Leah Montebello Updated: 22:03 GMT, 21 November 2023 Elon Musk has sued a Left-wing pressure group after it alleged X, formerly known as Twitter, [...]

Meat producer Cranswick posts very healthy results

Cranswick's sales increased to £1.25bn in the six months ending 23 September Turnover was boosted by price and volume growth across its core categoriesThe firm supplies [...]

Santander launches best big bank easy-access savings rate – but it still lags behind smaller rivals

Santander has launched an easy-access account paying 3% interestAlthough below the average easy-access rate it is the best from a big bankBy Helen Kirrane Updated: [...]

How do Premium Bonds stack up against a savings account? LUNCH MONEY

By This Is Money Updated: 13:08 GMT, 21 November 2023 NS&I blew its rivals out of the water in early autumn with a table-topping 6.2 [...]

Outsourcer Capita to slash up to 900 jobs

Capita said implementing the redundancy plan will cost about £27millionThe firm also declared on Tuesday that it was trading in line with forecastsSo far this [...]

M&S in court battle with Michael Gove over plan to raze its Oxford Street store

By Emily Hawkins Updated: 22:01 GMT, 20 November 2023 Marks & Spencer will take the battle to raze its Oxford Street store to the High [...]

Huel boss snubs London listing for the meal replacement firm

By Daily Mail City & Finance Reporter Updated: 22:01 GMT, 20 November 2023 The boss of the meal replacement firm backed by actor Idris Elba [...]

Microsoft shares hit record high after it hires OpenAI co-founders

By Leah Montebello Updated: 22:01 GMT, 20 November 2023 Microsoft shares hit an all-time high yesterday after it hired OpenAI’s co-founders to lead its artificial [...]

Qinetiq wins five-year contract worth £136m to help protect US border

By Daily Mail City & Finance Reporter Updated: 22:01 GMT, 20 November 2023 US deal: Qinetiq has won a £136m contract to help the US protect [...]

Pressure grows on X boss to quit as amid row over antisemitism

By Daily Mail City & Finance Reporter Updated: 22:00 GMT, 20 November 2023 Twitter’s boss is facing pressure to resign as advertisers pull out in [...]

Boodles boss brands tourist tax a ‘spectacular own goal’

By Daily Mail City & Finance Reporter Updated: 22:00 GMT, 20 November 2023 The boss of luxury jeweller Boodles has branded the tourist tax a [...]

Halma buys surgical innovation firm TeDan in £72m deal

Depending on TeDan's peformance, it will pay up to an additional £9millionBy Daniel Fessahaye Updated: 16:45 GMT, 20 November 2023 Safety equipment company Halma has [...]

LSE Group names Publicis’ Michel-Alain Proch as next finance boss

Proch is currently the chief financial officer of ad agency Publicis GroupeThe Frenchman has also worked at Ingenico Group and IT services firm AtosHe will [...]

Ashtead shares slump as Hollywood strike and fewer emergencies dent growth

By Daniel Fessahaye Updated: 13:38 GMT, 20 November 2023 Ashtead Group shares plummeted after it lowered its guidance - revealing revenues were dented by fewer [...]

Leeds is the best paid city outside London – does your town make the list?

By Dan Woodland Updated: 11:56 GMT, 20 November 2023 A study of postcode areas with the highest advertised salaries says Leeds is the top-paying region [...]

MusicMagpie shares soar as it reveals rival bids from Aurelius and BT

MusicMagpie has struggled to become profitable and seen sales slow downThe Stockport-based electronics seller said talks were at 'a very early stage' Since going public on the [...]

Compass Group see rise in profits and revenue in full-year results

Revenue increased by 21.6% to £31bn year-to-year to September 30Operating profit rose over the same time period by 26.1% to £1.891mBy Daniel Fessahaye Updated: 11:03 [...]

Jeremy Hunt ‘to seek more money from NS&I savers’ in his Autumn Statement to help meet the UK’s borrowing costs

Targets on NS&I premium and savings bonds to be raised in Autumn Statement By John-paul Ford Rojas Associate City Editor Updated: 10:33 GMT, 20 November 2023 [...]

BUSINESS LIVE: Compass forecasts strong growth; MusicMagpie up for sale; LSE appoints new finance boss

By This Is Money Updated: 08:05 GMT, 20 November 2023 Among the companies with reports and trading updates today are Compass Group, MusicMagpie, Ashtead Group, [...]

Savers FINALLY start moving cash away from low-interest current accounts – and it’s hitting bank profits

High street banks are starting to pay higher rates on customers' savings dealsThis is shown in their latest results - but the big banks are [...]

Just 3% of new cars sold in the UK have a spare wheel as standard, leaving more drivers stranded after a puncture, analysis finds

RAC review found only 8 of 313 automatically come with back-up wheel in bootBy Miriam Kuepper Updated: 05:30 GMT, 20 November 2023 New analysis shows [...]