The threat of legal action is hanging over some of Britain’s biggest housebuilders after the competition regulator vowed to crack down on toxic leasehold homes. A Competition and Markets Authority investigation found evidence that many families were ‘misled’ by firms selling leasehold homes on new estates. This meant that buyers were paying for the right … Read more
More Virgin Galactic space tickets go on sale ahead of first commercial flight later this year By Daily Mail City & Finance Reporter Published: 21:50 GMT, 26 February 2020 | Updated: 21:50 GMT, 26 February 2020 Sir Richard Branson’s Virgin Galactic is offering more space-flight tickets to satisfy rich thrill-seekers. Tickets for the first flights, … Read more
Investors are being told not to panic despite facing their biggest weekly loss in years, as the coronavirus wreaks havoc on stock markets around the world. The FTSE 100 dropped another 3 per cent by the close today, trading down 216.79 points at 6580.61, with the London stock market firmly in correction territory after a … Read more
WORLDWIDE HEALTHCARE: Trust focuses on pharma and biotech firms developing ground-breaking drugs By Daily Mail City & Finance Reporter Published: 21:50 GMT, 28 February 2020 | Updated: 09:38 GMT, 29 February 2020 Worldwide Healthcare invests in medical companies across the globe What is it? The trust invests in medical companies across the globe. It is … Read more
Airlines and travel companies bore the brunt of the latest chaos on global markets as the spread of the coronavirus triggered more panic-selling. At the end of the biggest weekly rout in share prices since the financial crisis, the boss of British Airways owner IAG warned the deadly outbreak could push struggling airlines ‘over the … Read more
DIRECTOR DEALS: Ocado chairman Lord Rose pockets £1.7m selling shares in the online grocer By Daily Mail City & Finance Reporter Published: 21:50 GMT, 28 February 2020 | Updated: 09:49 GMT, 29 February 2020 Ocado chairman Lord Rose pocketed £1.7million by selling 150,000 shares in the online grocer. The 70-year-old Conservative peer, who has chaired … Read more
John Lewis bonuses at risk as new boss lays out its woes with annual profits expected to be close to zero By Daily Mail City & Finance Reporter Published: 21:50 GMT, 28 February 2020 | Updated: 09:51 GMT, 29 February 2020 The new boss of John Lewis will lay bare the dire state of the … Read more
IN THE MONEY: Rio Tinto chief exec Jean-Sebastien Jacques lands a 27% pay rise to earn £5.8m in 2019 By Daily Mail City & Finance Reporter Published: 21:50 GMT, 28 February 2020 | Updated: 09:52 GMT, 29 February 2020 Rio Tinto chief executive Jean-Sebastien Jacques netted a 27 per cent pay rise in 2019. The … Read more
NMC Health billionaire’s broker has its licence suspended in two countries Australia-based AxiCorp had its licence suspended in Australia and New Zealand It failed to comply with financial services laws Khalifa Bin Butti of NMC Health has a stake in online broker AxiCorp By Jamie Nimmo For The Financial Mail On Sunday Published: 22:16 GMT, 29 … Read more
FTSE could hit 5,000, warns hedge fund boss Crispin Odey as coronavirus spooks City Odey said the disruption to the economy could lead to further dips in shares He said levels closer to 5,000 points looked ‘highly probable’ Retailers say high street shelves may soon be left empty if Chinese factories remain closed for much … Read more