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London stock market flirts with record highs as figures suggest Britain has emerged from recession

By Hugo Duncan Updated: 21:50 BST, 12 April 2024 The London stock market flirted with record highs yesterday as figures suggested Britain has emerged from reces... read more

Flurry of cheaper, well-stocked Chinese cars – particularly electric – now arriving on UK shores, says RAY MASSEY

By Ray Massey Updated: 21:50 BST, 12 April 2024 A flurry of cheaper, well-stocked Chinese cars — particularly electric — is now arriving on UK shores. This ... read more

Online petition demanding a vote on Nationwide’s deal to buy Virgin Money surges past 1,000 signatures

By Patrick Tooher Updated: 21:50 BST, 12 April 2024 An online petition demanding a vote on Nationwide’s deal to buy Virgin Money has surged past 1,000 sig... read more

Ben Bernanke blasts Bank of England over botched economic forecasts: But boss Andrew Bailey won’t apologise

Bernanke took aim at the Bank’s ‘out of date’ software  He also slammed ‘deficiencies’ when tracking future inflation levels  Be... read more

Will state pensions ever be means tested? This is Money podcast

By This Is Money Updated: 19:56 BST, 12 April 2024 Older people received another boost to the state pension this week taking the full rate to over £11,000 a ye... read more

Construction sector hammered by wet weather and high interest rates – holding back UK economic growth

Construction sector output slumped 1.9% in February, according to the ONS  The industry is hoping for interest rate cuts to boost demand   By Mike Sheen Upda... read more

Royal Mint to stop making overseas coins after 700 years

Royal Mint has been making coins for overseas nations since 1325  From December 2024 the Mint will stop making foreign coins entirely  By Sam Barker Updated: ... read more

FCA warns lenders to bolster cash reserves ahead of potential motor finance probe handouts

The FCA said lenders need to have ‘adequate financial resources at all times’ In January, the FCA began a probe into discretionary commission arrang... read more

Petrofac may swap a ‘significant proportion’ of debt for equity

The company is seeking to bolster its balance sheet and short-term liquidity  Hedge funds have made Petrofac the most shorted stock on the London markets By Ha... read more

BUSINESS LIVE: UK GDP grows 0.1%; Petrofac debt restructuring talks; FCA motor finance probe warning

By Live Commentary Updated: 08:02 BST, 12 April 2024 The British economy expanded by 0.1 per cent in February, in line with expectations, fresh data from the Of... read more

Setback for Sunak as hopes of interest rate cuts fade

By Hugo Duncan Updated: 22:00 BST, 11 April 2024 Rishi Sunak’s hopes that cheaper mortgages will boost his election chances suffered a major setback yesterday... read more

FCA blasts ‘defective’ Woodford over failings before the collapse of his investment empire

By John-Paul Ford Rojas Updated: 22:00 BST, 11 April 2024 Former star stock picker Neil Woodford faces an unlimited fine and a City ban after regulators accused... read more

Takeover frenzy over UK storage group Lok’nStore heats up after £378m bid

By Daily Mail City & Finance Reporter Updated: 22:00 BST, 11 April 2024 Storage group Lok’nStore is the latest firm to be targeted by foreign bidders in t... read more

‘The ship has turned’: JP Morgan backs Marks & Spencer

By Daily Mail City & Finance Reporter Updated: 22:00 BST, 11 April 2024 Recovery: JP Morgan said M&S has done better than rivals in winning market share... read more

Lok’nStore agrees £378m takeover by Belgian rival

Shares in Aim-listed UK-based Lok’nStore surged by over 17% on Thursday   By Jane Denton Updated: 09:47 BST, 11 April 2024 Lok’nStore shares rose ... read more

Accounting giant KPMG fined £20m after senior partners and managers cheat in exams

By John Abiona Updated: 22:02 BST, 10 April 2024 KPMG’s Dutch division was fined £20m after hundreds of its staff were found to have shared answers in tr... read more

We will keep making petrol cars as long as we can, says Aston Martin boss

By Emily Hawkins Updated: 22:02 BST, 10 April 2024 Petrolhead: Aston Martin chairman Lawrence Stroll said there would ‘always’ be demand for sports cars wit... read more

BAE lands new Ukraine war contract to repair light artillery guns

By Leah Montebello Updated: 22:02 BST, 10 April 2024 Defence deal: BAE Systems has signed an agreement with the Ministry of Defence to repair L119 Light Guns  ... read more

Cardiff semiconductor firm IQE soars by a third as bosses pin their hopes on a bounceback

By Daily Mail City & Finance Reporter Updated: 22:01 BST, 10 April 2024 Recovery hopes: IQE – which supplies Iphone-maker Apple, said losses shrunk fr... read more

US fails to slam brakes on £100bn TikTok boom as profits at Chinese owner surge

By Leah Montebello Updated: 22:01 BST, 10 April 2024 Business is booming at the Chinese owner of TikTok despite attempts in Washington to ban the video-sharing ... read more

BUSINESS LIVE: US inflation higher than forecast; Tesco profits near £2.8bn; M&C Saatchi earnings slump

By Live Commentary Updated: 17:44 BST, 10 April 2024 US Consumer Price Inflation was higher than expected in March, with both core and headline inflation up 0.4... read more

Direct Line names Aviva’s Jane Poole as CFO

Poole will replace Neil Manser, who has worked at Aviva since October 2011 Direct Line chief executive Adam Winslow was Ms Poole’s superior at Aviva By Ha... read more

Capita shares rise as group extends contract with telecoms firm

Capita shares have fallen by over 59% in the last year   By Jane Denton Updated: 10:19 BST, 10 April 2024 Capita shares rose on Wednesday after the group conf... read more

THG losses narrow as group ups use of AI and automation

THG saw annual loss narrow and revenue grew in the final quarter   By Jane Denton Updated: 10:02 BST, 10 April 2024 THG losses narrowed last year as the retai... read more