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Baby boomers are increasingly raiding the wealth tied up in their homes to supplement retirement incomes, research has revealed. Since 2015, homeowners have used property wealth to deliver £13billion in extra income via equity release, according to analysts at investment platform AJ Bell. Over the same period, since the start of pension freedoms, some £30billion … Read more
£1bn takeover of razor brand Harry’s by Wilkinson Sword-owner is ditched due to US competition concerns By Daily Mail City & Finance Reporter Published: 21:51 BST, 10 February 2020 | Updated: 09:39 BST, 11 February 2020 Edgewell Personal Care, the owner of Wilkinson Sword, was set to buy rival Harry’s The £1.1billion takeover of razor … Read more
A British company headed by former Made in Chelsea heartthrob Richard Dinan has built a rocket engine that it claims could halve the journey time between Earth and Mars. In a landmark test, the miniature prototype engine, built by Pulsar Fusion, shot the propellant gas argon through a 12-inch wide nozzle at a top speed of … Read more
When the Jaguar F-Type arrived in 2013 it was so pretty it was deservedly declared World Car Design of the Year. Fast forward seven years, with the svelte sports car due an update and design boss Ian Callum set to hang up his pencils for retirement, and new chief designer Julian Thomson had his work … Read more
Renee Zellweger positioned the statuette on the table and twisted and turned it until its panel, freshly engraved with her name, faced out towards onlookers. The 50-year-old acknowledged that this Oscar, awarded for her touching portrayal of Judy Garland, meant much more to her than the one she took home 16 years ago. Her first … Read more
First ever human test flight of SpaceX’s Crew Dragon capsule could take off as soon as May SpaceX will conduct a test of Crew Dragon’s in-flight abort system this weekend The test will be the final one before the capsule is cleared for human launch Last year, Crew Dragon exploded during a test and badly … Read more
Investors bet against bookie as doubts grow over £10bn merger between Paddy Power owner and Canadian rival By Calum Muirhead For The Daily Mail Published: 21:50 BST, 10 February 2020 | Updated: 21:55 BST, 10 February 2020 The blockbuster merger to create the world’s largest gambling company ‘is not a done deal’ and could be … Read more
Coronavirus wipes more than £200bn off the global economy: World set for weakest growth since financial crisis, experts warn By Lucy White For The Daily Mail Published: 21:51 BST, 10 February 2020 | Updated: 21:51 BST, 10 February 2020 The global economy faces its worst quarter since the financial crisis as the coronavirus wipes more … Read more
London born hedge fund boss Sanjay Shah is suspected of swindling Danish tax authorities by setting up sham trades A London-born hedge fund boss accused of masterminding a £1.5billion tax fraud is facing one of the most expensive trials in British legal history. Sanjay Shah is suspected of devising an elaborate scheme to swindle Danish … Read more
Crisis-hit NMC Health started the week with a bang after it said it is considering takeover bids from private equity firms. Shares in the FTSE 100-listed firm, which runs one of the biggest hospital chains in the United Arab Emirates, soared after bosses confirmed they had been approached by KKR and GK Investment with possible … Read more