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All posts in: Business & Finance

Banks fear £14bn windfall tax raid by Reeves to fill ‘black hole’ in the UK’s finances

By Jessica Clark Updated: 22:28 BST, 29 August 2024 Britain’s biggest banks could be hit with a windfall tax to raise up to £14billion as Labour scramble... read more

Nvidia sees £100bn wiped off its value even as revenue doubles amid fears the AI bubble is set to burst

By John-Paul Ford Rojas Updated: 22:15 BST, 29 August 2024 Chipmaker Nvidia had more than £100billion wiped off its value after its latest set of record result... read more

Quiz taps founder for £1m loan as struggling fashion retailer posts heavy losses

By Daily Mail City & Finance Reporter Updated: 22:15 BST, 29 August 2024 Slump: Quiz posted an 11% fall in sales to £27.3m in the second half of the year F... read more

Switchover at HSBC as head of wealth Nuno Matos leaves after top job snub

By John-Paul Ford Rojas Updated: 22:14 BST, 29 August 2024 HSBC’s head of wealth and personal banking Nuno Matos is stepping down Senior HSBC executive Nu... read more

RAC patrol rushes to the de-fence of six-year-old boy with head stuck in a railing – here’s the tool the breakdown technician used to free him

RAC patrol John Walshe came to the boy’s rescue using one item from his van  By Rob Hull Updated: 13:00 BST, 29 August 2024 The RAC’s fleet of brea... read more

CAB Payments boosted by Visa deal – but shares still lag IPO price

Deal with Visa is set to enable faster cross-border payments   By This Is Money Updated: 10:12 BST, 29 August 2024 CAB Payments shares jumped on Thursday as t... read more

Grafton set for more job cuts as profits are dented by ‘weak’ property market

Building materials sector hit by high interest rates and poor consumer strength  By Mike Sheen Updated: 09:21 BST, 29 August 2024 Grafton Group is set to conti... read more

Chipmaker Nvidia delivers a record £12.6 billion profit as artificial intelligence boom continues to grip Wall St

By Leah Montebello Updated: 22:15 BST, 28 August 2024 Nvidia posted record quarterly profits last night in hotly anticipated figures that provide the latest evi... read more

AllSaints founder Stuart Trevor blasts ‘ridiculous’ Shein float that ‘shouldn’t be allowed’

By Emily Hawkins Updated: 22:09 BST, 28 August 2024 The founder of AllSaints has blasted Shein’s planned £50billion London float as ‘ridiculousR... read more

Debt-riddled Thames Water slams Ofwat after regulator rules it can only raise bills by 23%

By Leah Montebello Updated: 22:07 BST, 28 August 2024 Debt-riddled Thames Water has slammed the industry regulator as it looks to raise prices. Britain’s bigg... read more

Naked wines turnaround still a glass half-empty as sales fall and losses rise

By Daily Mail City & Finance Reporter Updated: 22:06 BST, 28 August 2024 Corker: Naked Wines Chairman Rowan Gormley (pictured), founded the online wine sell... read more

UK car manufacturing slumps for fifth month in a row as factories switch to EVs

By Daily Mail City & Finance Reporter Updated: 22:04 BST, 28 August 2024 Slowdown: Jaguar vehicles roll down the production line in Castle Bromwich   UK c... read more

Man from the Pru shrugs off bullying claims allegations against chair Shriti Vadera

By John-Paul Ford Rojas Updated: 22:04 BST, 28 August 2024 Prudential chief executive Anil Wadhwani says he has ‘no concern’ over bullying allegations made ... read more

Struggling Morrisons unleashes loyalty card price war in bid to woo customers back

By Daily Mail City & Finance Reporter Updated: 22:04 BST, 28 August 2024 Price war: Morrisons lost its status as Britain’s fourth-biggest grocer to Aldi ... read more

British pensioners living in the EU will keep their winter fuel allowance thanks to a Brexit catch

Some expat pensioners living in the EU remain eligible for winter fuel allowance  By Jane Denton Updated: 16:14 BST, 28 August 2024 Some expat pensioners livin... read more

Disabled state pensioners get easier access to Attendance Allowance – worth up to £108 a week

The DWP has opened up online applications for a state pension top-up benefit But the new online service can only handle a few applications every week  By Sam B... read more

Wood Group raises $165m from non-core business sales

By This Is Money Updated: 15:19 BST, 28 August 2024 John Wood Group is set to raise net proceeds of around $165million after agreeing the sale of two business u... read more

Frasers acquires stake in Australia’s Accent Group as retail investment spree continues

Retail firm exclusively distributes brands like Skechers, Hoka, Ugg and Vans  By This Is Money Updated: 11:35 BST, 28 August 2024 Frasers has bought a 14.7 per... read more

How Asset Management Companies Handle Crisis Situations

An Asset Management Company (AMC) is a business that collects money from individual investors and invests it in various types of securities to earn the best pos... read more

How to Pay Your Bills on Time: Simple Strategies

Paying the bills is one of those necessary, recurring tasks that too often feel more stressful than it must. Life gets busy, and with so many responsibilities t... read more

Unlikely names now offering top fixed Isa rates? The big High Street banks! SYLVIA MORRIS

For the first time in years, big banks are paying top rates on fixed-rate Isas. And it surprised me to see them nudging into the best buy tables on tax-free acc... read more

Co-founder of Hargreaves Lansdown hits out at ‘questionable’ £5bn private equity takeover

By Leah Montebello Updated: 22:45 BST, 27 August 2024 The co-founder of Hargreaves Lansdown has called the £5.4billion takeover of the company ‘questiona... read more

Hobbycraft sold to UK investment group Modella Capital amid retail slowdown

By Emily Hawkins Updated: 22:43 BST, 27 August 2024 Hobbycraft has been sold to an investment group for an undisclosed sum. Modella Capital bought the arts and ... read more

Klarna to ditch thousands of workers for AI in bid to cut costs ahead of float

By Jessica Clark Updated: 22:43 BST, 27 August 2024 Klarna’s boss is cutting thousands of jobs and replacing workers with artificial intelligence (AI). Th... read more