Sir Sell-off on course for a £2m windfall as shareholders give green light to Meggitt takeover By Matt Oliver For The Daily Mail Published: 17:01 EDT, 21 September 2021 | Updated: 02:16 EDT, 22 September 2021 The chairman of Meggitt is on course for a multi-million-pound payday after shareholders backed plans to sell the defence … Read more
Unlocking pension cash could mean missing out on benefits and other entitlements later in life, experts warn By Money Mail Reporter For The Daily Mail Published: 17:01 EDT, 21 September 2021 | Updated: 05:13 EDT, 22 September 2021 Pension savers could unwittingly cut off their entitlement to certain benefits and other financial help by releasing … Read more
Citroen’s new back-to-basics green electric city car costing around £6,000 is to be sold in the UK following ‘unprecedented’ demand for it to cross the Channel. Bosses gave the green light to the quirky two-seater Citroen Ami runaround coming here in spring 2022 after receiving more than 12,000 expressions of interest from potential British customers. … Read more
A new challenger bank has launched a best buy savings rate of 2 per cent as fixed bond deals continue to inch higher. Recognise Bank was given the green-light to rake in deposits earlier in the week and is part of the City of London Investment Group. The account is a five-year fix and marks … Read more
The BoE could raise interest rates earlier than expected in the face of soaring in inflation, says HSBC boss CFO Ewen Stevenson predicts the base rate could start moving from mid-2022 The raise in interest rates would be welcomed by long-suffering savers The Bank of England slashed interest rates to a record low of 0.1% … Read more
Boss of US private equity firm hoping to snap up Morrisons is hired to head up UK Government Investments By City & Finance Reporter for the Daily Mail Published: 17:09 EDT, 2 August 2021 | Updated: 17:09 EDT, 2 August 2021 The partner in a major private equity firm has been appointed by the Treasury … Read more
Online car dealer Cazoo hits £8m in profits as it prepares for US listing thanks to a seven-fold increase in sales By City & Finance Reporter for the Daily Mail Published: 17:10 EDT, 2 August 2021 | Updated: 17:10 EDT, 2 August 2021 Founder of Cazoo, Alex Chesterman (pictured) Cazoo has turned a profit, preparing … Read more
Twitter founder Jack Dorsey splashes £20bn on ‘buy now, pay later’ firm, making it the biggest ever buyout of an Australian company Jack Dorsey’s financial services firm Square has purchased Afterpay Afterpay’s stock stood at at just over A$12 (£8.64) in early 2020 But it was at A$114.80 (£86.62) last night while Square’s share price also rose … Read more
Halifax has launched the latest offensive in the mortgage price war, and is now offering a home loan with a record ultra-low rate of 0.9 per cent. The bank, which is part of the UK’s largest mortgage lender Lloyds Banking Group, has also brought out several other deals aimed at home movers with plenty of … Read more
As pandemic restrictions are lifted, Bank of England set to keep pumping money into economy despite fears of rising inflation The inflationary spike has put the Bank’s huge quantitative easing programme in the spotlight, with its monetary policy committee increasingly at odds over what to do next Having hit 2.5 per cent in June, inflation … Read more