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All posts in: Business & Finance

Barclays becomes the first British bank to scrap the EU bonus cap

By Emily Hawkins Updated: 22:02 BST, 8 August 2024 Barclays has become the first British bank to tell staff a bonus cap is being scrapped in a post-Brexit victo... read more

BP pushes ahead with Teesside hydrogen plants despite ditching green agenda elsewhere

By Leah Montebello Updated: 22:02 BST, 8 August 2024 BP is one step closer to turning Teesside into a green energy powerhouse – despite rowing back on its gre... read more

Surging profits for Germany’s biggest arms maker as Ukraine war rages on

By Daily Mail City & Finance Reporter Updated: 22:02 BST, 8 August 2024 In demand: Rheinmetall’s largest order in the year to date was for Boxer armou... read more

Blow to rich expats in Italy as Meloni doubles foreign wealth tax amid squeeze on public finances

By Daily Mail City & Finance Reporter Updated: 22:06 BST, 7 August 2024 Tax hike: Italian Prime Minister Giorgia Meloni is looking to raise to more revenue ... read more

Scandal-hit H2O to pay out £214m to investors with cash in illiquid funds linked to notorious German financier

By Leah Montebello Updated: 22:05 BST, 7 August 2024 A once high-flying asset manager will pay out £215million to investors who have cash trapped in illiquid f... read more

Slimming profits at Novo Nordisk as Ozempic jab maker struggles to keep up with demand

By Emily Hawkins Updated: 22:05 BST, 7 August 2024 Appetite for weight loss drugs is proving insatiable but pharma giant Novo Nordisk is having difficulties ful... read more

Glencore snubs green agenda as it keeps polluting (but highly profitable) coal division

By Leah Montebello Updated: 22:05 BST, 7 August 2024 Glencore has scrapped plans to spin off its coal business, labelling the move ‘common sense’. The decis... read more

As US slump panic fades, global markets turn corner after sharp sell-off earlier this week

By John Abiona Updated: 22:05 BST, 7 August 2024 The FTSE 100 rallied as global markets bounced back after a sharp sell-off earlier this week sparked by fears o... read more

Lloyd’s of London insurer Hiscox puts £22m aside to cover claims linked to Baltimore bridge collapse in the US

By Daily Mail City & Finance Reporter Updated: 22:05 BST, 7 August 2024 Tragedy: Six people were killed when a cargo ship smashed into the  Francis Scott ... read more

Quilter shares rise as inflows hit £1.7bn and wealth manager boasts record profits

FTSE 250-listed Quilter has seen its shares rise sharply in the last year   By Jane Denton Updated: 14:35 BST, 7 August 2024 Quilter shares rose on Wednesday ... read more

How fast will interest rates fall – and what does it mean for you? This is Money podcast

By This Is Money Updated: 11:24 BST, 7 August 2024 The Bank of England finally cut interest rates last week, in what was dubbed a knife-edge decision. So, does ... read more

Private equity firms hold breath as Labour budget threatens a capital gains tax hike

By Emily Hawkins Updated: 22:43 BST, 6 August 2024 Private equity firms are nervously awaiting the Government’s first Budget after Rachel Reeves has refused t... read more

Wall Street bounces back after fears of US recession fade

By Jessica Clark Updated: 22:34 BST, 6 August 2024 Wall Street rebounded yesterday after a global market meltdown sparked by the possibility of a recession in t... read more

Swedish Buy-now-pay-later giant Klarna eyes share sale as it gets ready for a US float

By John Abiona Updated: 22:33 BST, 6 August 2024 Buy-now-pay-later giant Klarna is considering selling shares ahead of a potential blockbuster New York listing.... read more

Abrdn back in profit after clients pour millions into its funds as search for new chief exec continues

By John Abiona Updated: 22:32 BST, 6 August 2024 Abrdn clients poured money into funds once again as the asset manager remained silent on its search for a chief... read more

‘Robust’ demand sees oil giant Saudi Aramco pay a record $124bn in dividends this year

By Daily Mail City & Finance Reporter Updated: 22:31 BST, 6 August 2024 Gushing money: Aramco’s dividends have been growing at an annual pace of rough... read more

Boost for GlaxoSmithKline as US jury rules heartburn drug did not cause a woman’s cancer

By Emily Hawkins Updated: 22:30 BST, 6 August 2024 An American  jury handed GlaxoSmithKline (GSK) a boost by deciding its discontinued heartburn drug did not c... read more

High Street lenders must be better prepared for a financial crisis, Bank of England warns

By Jessica Clark Updated: 22:29 BST, 6 August 2024 High Street lenders must improve their crisis plans to prepare for a potential collapse, the Bank of England ... read more

Abrdn finance chief Jason Windsor poised to replace Stephen Bird as chief exec

By Daily Mail City & Finance Reporter Updated: 22:01 BST, 5 August 2024 Abrdn finance chief Jason Windsor is poised to replace Stephen Bird as chief exec Ab... read more

Societe Generale sheds British and Swiss private bank arms for £770m

By Leah Montebello Updated: 22:01 BST, 5 August 2024 Societe Generale has dumped its British and Swiss private banking divisions for £770million as bosses cont... read more

Labour’s North Sea squeeze risks huge job losses, Serica Energy boss warns

By Leah Montebello Updated: 22:01 BST, 5 August 2024 The boss of Serica Energy has warned Labour’s North Sea oil policies could lead to huge job losses and en... read more

Tourism bosses call on Reeves to bring back VAT-free shopping and boost growth

By Emily Hawkins Updated: 22:01 BST, 5 August 2024 Tourism bosses have urged Rachel Reeves to bring back VAT-free shopping to boost the Treasury’s coffers. In... read more

Electric car sales set to miss a key Government target as demand slows

By John Abiona Updated: 22:01 BST, 5 August 2024 Sales of new electric cars will miss a key target this year. The Society of Motor Manufacturers and Traders (SM... read more

Mortgage rates fall after Bank of England cut: NatWest now offers cheapest five-year fix

Borrowers who need a mortgage because their current fixed rate deal is ending, or they are buying a home, should explore their options as soon as possible. What... read more