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All posts in: Business & Finance

Marks and Spencer appoints Rightmove’s Alison Dolan as its new finance chief

By Emily Hawkins Updated: 22:03 BST, 29 May 2024 Turnaround drive: Rightmove chief financial officer Alison Dolan (pictured) has joined Marks and Spencer  Mark... read more

US energy giant Conoco Phillips buys Marathon Oil in £17.7bn deal

By Daily Mail City & Finance Reporter Updated: 22:03 BST, 29 May 2024 Deal frenzy: The acquisition of Marathon Oil will enable Conoco Phillips to strengthen... read more

Wood Group suitor Sidara makes final offer for oilfield services giant

Sidara has put forward a new offer valuing Wood Group at around £1.6bn It represents a 52% premium to Wood’s closing share price on 29 April By Harry Wis... read more

ECB set to press ahead with rate cut next week thanks to German inflation reading

ECB interest rate cut next week ‘almost guaranteed’ after German CPI data Markets expect 50-75bps of cuts this year but analysts warn of uncertainty... read more

Homeownership among under 35s hits highest level since 2010, IFS says – here’s why

Homeownership for young adults have recovered to 2010 levels 39% of 25 to 34-year-olds owned their home in 2022/23, up from 33% in 2015 69% of 45-59 year-olds o... read more

Anglo American rules out mining rival BHP’s request for extra time to make another takeover bid

By Mike Sheen Updated: 15:32 BST, 29 May 2024 FTSE 100 miner Anglo American has rejected rival BHP’s request for extra time to table another takeover bid.... read more

Fuller’s agrees £18m deal to sell 37 pubs to Admiral Taverns

Fuller’s revealed it would sell sites from its tenanted and managed inns arm Admiral’s estate will also expand to over 1,400 predominantly wet-led p... read more

BHP calls for more time as it weighs £39bn Anglo American takeover

BHP’s proposed takeover would be the largest mining industry deal in history Anglo American has expressed concerns about the takeover’s complexity B... read more

Bloomsbury snaps up US academic publisher for £65m

Bumper acquisition is a ‘game-changer’ for Bloomsbury, boss claims   By Jane Denton Updated: 09:12 BST, 29 May 2024 Bloomsbury Publishing shares r... read more

Labour dithers over NatWest share sale plan saying it will ‘review the details’ if it wins the election

By Jessica Clark Updated: 22:03 BST, 28 May 2024 Labour has refused to commit to the NatWest share sale, saying it will ‘review the details’ if the party wi... read more

Ithaca Energy shakes up top team as it pushes ahead with deal to buy UK assets of Italian rival Eni

By Daily Mail City & Finance Reporter Updated: 22:02 BST, 28 May 2024 Merger: Ithaca is expected to complete its £754million deal for Eni’s UK oil and ga... read more

Boohoo bows to investor pressure as it backs down on paying bosses £1m bonuses

By Daily Mail City & Finance Reporter Updated: 22:01 BST, 28 May 2024 Losses: Boohoo has withdrawn a resolution from its AGM which would have three top exec... read more

Shamed Woodford told to hand back his CBE after fund collapse left hundreds nursing losses

By Emily Hawkins Updated: 22:01 BST, 28 May 2024 Frustrated investors who lost out in the collapse of Neil Woodford’s firm have called on the Government to st... read more

Nick Train vows to back ‘world-class’ British businesses after apologising for a dismal performance

By John-Paul Ford Rojas Updated: 22:01 BST, 28 May 2024 Star stock picker Nick Train apologised yesterday for the poor performance at his Finsbury fund – but ... read more

Ocado to be relegated from Footsie after six years with stock down 45% this year

By John Abiona Updated: 22:01 BST, 28 May 2024 Shares down: Ocado, which joined the FTSE 100 in June 2018, is valued at £3.4bn Ocado is set to drop out of the ... read more

Crypto rush fuels money laundering fears: FCA approves just 1 in 7 firms

By John-Paul Ford Rojas Updated: 22:00 BST, 28 May 2024 Fewer than one in seven cryptocurrency firms that tried to register with the City watchdog were approved... read more

Takeover talks stall at Anglo American after wrangling over the new company’s listing

By Jessica Clark Updated: 22:00 BST, 28 May 2024 Bid barrage: Anglo American last week rebuffed BHP’s third offer of £39bn but agreed to engage in takeov... read more

New lung cancer drug boosts AstraZeneca as trials show improved survival rates

By Jessica Clark Updated: 22:00 BST, 28 May 2024 AstraZeneca’s lung cancer drug has showed improved survival rates in trials. The results were a boost for the... read more

Shop price inflation falls to lowest levels since November 2021

Annual inflation slid to 0.6% last month, according to the BRC and NielsenIQ Food inflation abated for the 13th successive month, declining to 3.2% in May  By... read more

Victorian Plumbing sees profits jump in first half results despite revenue dip

Revenue fell 1% year-to-year to £144.6m in six months to 31 March Lancashire-based firm also saw 8% increase in gross profit to £72.3m  By Daniel Fessahaye U... read more

Hospitality group Revolution Bars rejects Nightcap takeover deal

Nightcap’s founder is former Dragons Den star Sarah Willingham  Revolution’s present restructuring strategy includes closing 18 venues  By Harry W... read more

AA adds fully electric recovery trucks to its fleet

UK’s biggest breakdown assistance provider adds three electric recovery trucks These are part of a trial to help the AA become net zero by 2035 By Rob Hul... read more

ECB rate cut forecast adds pressure on Bank of England to lower base rate

Bank meeting in June to decide whether to cut rates from 16-year peak of 5.25% Latest UK inflation figures last week showed sharp drop to 2.3% in April  By Je... read more

BUSINESS LIVE: Revolution rejects Nightcap offer; Bunzl buys Nisbets; Victorian Plumbing revenues dip

By This Is Money Updated: 08:03 BST, 28 May 2024 Among the companies with reports and trading updates today are Revolution Bars Group, Victorian Plumbing, Bunzl... read more