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All posts in: Business & Finance

Rolex seller Watches of Switzerland sees sales slump amid falling demand for luxury goods

By Daily Mail City & Finance Reporter Updated: 22:01 GMT, 7 December 2023 The biggest seller of Rolex watches – a favourite of tennis star Roger Federer â... read more

MPs dismiss Hunt’s ‘damp squib’ plan to boost the City sparking a furious response from the Treasury

By John-Paul Ford Rojas Updated: 22:01 GMT, 7 December 2023 ‘Damp squib’: Jeremy Hunt’s plans to reform the City failed to impress MPs have la... read more

Evri named most hated parcel firm in Britain with the highest proportion of dissatisfied customers

By Lucy Evans Updated: 22:01 GMT, 7 December 2023 Delivery service Evri has been crowned the most disliked parcel firm in Britain, with the highest proportion o... read more

Rocket boost for Elon Musk as his Space X business is valued at £140bn

By Daily Mail City & Finance Reporter Updated: 22:00 GMT, 7 December 2023 Space X, the rocket business owned by Elon Musk, has been valued at £140billion i... read more

Booming sales at Sports Direct keeps Mike Ashley’s Frasers Group on track

By Emily Hawkins Updated: 22:00 GMT, 7 December 2023 Lady in red: Tess Daly in her Biba collection for House of Fraser Strong sales at Sports Direct have helped... read more

Corks popping at English wine maker Chapel Down as it makes its debut on the AIM market

By Daily Mail City & Finance Reporter Updated: 22:00 GMT, 7 December 2023 Britain’s biggest wine maker Chapel Down has made its debut on the Alternative I... read more

Cash-strapped South East Water sinks deeper in the red as interest payments on its debts soar

By Jessica Clark Updated: 22:00 GMT, 7 December 2023 Losses at South East Water have ballooned as interest payments on its debts soar. In the latest setback for... read more

AJ Bell posts record profits despite fee cuts

AJ Bell saw its saw its pre-tax profit rise 50% to £87.7m in the last year  Recurring ad valorem revenue jumped 58% to £161.2m By Jane Denton Updated: 15:34... read more

Investment house co-founded by Jacob Rees-Mogg set for closure

Somerset Capital Management seeks new homes for its funds and staff  SJP reportedly pulled out $2.5billion on poor performance concerns   By Mike Sheen Updat... read more

Vertu Motors shares slump following profit warning

Shares in the Bristol Street Motors owner had fallen 23.8% by the late afternoon The firm blamed the forecast on a ‘number of negative external market fac... read more

Why are used car prices falling so sharply? LUNCH MONEY

By This Is Money Updated: 12:09 GMT, 7 December 2023 Used car prices have suddenly gone into reverse after climbing sharply over recent years – with some cars... read more

Frasers Group lifted by acquisition spree ahead of Christmas

Frasers Group saw pre-tax profits in the first half rise by 8% to £310.2m The Sports Direct owner revealed total turnover grew by 4.4% to £2.77bn Michael Murr... read more

Games Workshop to hand £2,500 bonus to staff ahead of Christmas

Games Workshop said trading had been ‘in line with expectations’ But the FTSE 250-listed firm’s shares sank over 10% on Thursday   By Jane D... read more

How the Shanghai Composite Index Moves Up and Down

The SSE Composite Index (SSE:000001) stands as a crucial gauge of the Chinese economy’s state, illustrating the dynamics of the shares of the country’s ... read more

BUSINESS LIVE: Bloomsbury lifted by fantasy boom; Games Workshop hands cash to employees; Frasers profits up

By Live Commentary Updated: 08:07 GMT, 7 December 2023 The FTSE 100 will open at 8am. Among the companies with reports and trading updates today are Bloomsbury,... read more

Shell put up my energy bill by 8,000% after an estimated meter reading

Energy firms often rely on estimated meter readings – but this can backfire One Shell Energy customer was left with a massive bill due to faulty estimates... read more

Gilt yields fall as investors ramp up bets on interest rate cuts next year

By Hugo Duncan Updated: 22:05 GMT, 6 December 2023 Borrowing costs fell as investors ramped up bets on interest rate cuts next year despite efforts by the Bank ... read more

Serious Fraud Office arrests company boss as it launches probe into jet engine scam

By Jessica Clark Updated: 22:05 GMT, 6 December 2023 The boss of a firm at the centre of a fake plane parts scandal has been arrested as part of a major crimina... read more

Microsoft’s Call of Duty takeover on pause as US regulators probe £60bn deal

By Daily Mail City & Finance Reporter Updated: 22:03 GMT, 6 December 2023 Tie-up: Rapper Snoop Dogg’s character in Modern Warfare 2 The saga of Microsoftâ... read more

Tui says it may quit UK stock market and upgrade to a premium listing in Germany

By Jessica Clark Updated: 22:01 GMT, 6 December 2023 Tui dealt a blow to the City yesterday as it said it might ditch its London listing, Shareholders approache... read more

‘It’s not a Space Odyssey’: Bank of England governor says it’s time to embrace AI

By Daily Mail City & Finance Reporter Updated: 22:01 GMT, 6 December 2023 Andrew Bailey has said it is time to embrace artificial intelligence (AI) – insi... read more

Cigarette firm BAT takes a £25bn hit amid mounting backlash over smoking

By Leah Montebello Updated: 22:01 GMT, 6 December 2023 British American Tobacco has taken a £25billion hit as smokers turn away from cigarettes. The Lucky Stri... read more

CMA blasts Morrisons and M&S for stopping rivals from opening nearby shops

By Daily Mail City & Finance Reporter Updated: 22:01 GMT, 6 December 2023 Probe: The CMA slammed Morrisons and M&S after discovering a total of 65 agree... read more

We’re not going broke going woke: Investors pull another £500m from ESG funds

By Jessica Clark Updated: 22:00 GMT, 6 December 2023 British investors pulled more than £500million out of woke funds last month. Industry figures show withdra... read more