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Santander’s shock move to slash the interest rate on its popular 123 account and cap how much cashback customers can earn is deeply disappointing. When the 123 account was launched amid enormous fanfare in 2012 it paid customers up to 3 per cent interest on balances up to £20,000, and up to 3 per cent … Read more
‘I have set up a charity’, insists former Persimmon boss Jeff Fairburn (but he won’t say how much of his £82m bonus he’s given away) By Daily Mail City & Finance Reporter Published: 22:39 BST, 14 January 2020 | Updated: 08:51 BST, 15 January 2020 The former Persimmon boss ousted over his ‘obscene’ £82m bonus … Read more
Builder Taylor Wimpey credits ‘increased political stability’ in the UK as it posts a 5% sales rise By Daily Mail City & Finance Reporter Published: 22:40 BST, 14 January 2020 | Updated: 22:40 BST, 14 January 2020 Taylor Wimpey boss Peter Redfern said the market had remained stable in 2019 Taylor Wimpey cheered ‘increased political stability’ … Read more
Blackrock joins war on climate change: World’s largest asset manager to introduce green investment strategy By Lucy White For The Daily Mail Published: 22:39 BST, 14 January 2020 | Updated: 22:39 BST, 14 January 2020 The world’s largest asset manager has sought to position itself as a climate change champion after announcing a raft of … Read more
JP Morgan posts highest annual profit of any US bank in history, raking in £27.5bn By Daily Mail City & Finance Reporter Published: 22:38 BST, 14 January 2020 | Updated: 22:38 BST, 14 January 2020 JP Morgan has posted the highest annual profit of any US bank in history. Spurred on in the fourth quarter … Read more
Mike Ashley urges Government to reform business rates system and ease turmoil on the High Street By Daily Mail City & Finance Reporter Published: 22:37 BST, 14 January 2020 | Updated: 22:37 BST, 14 January 2020 Mike Ashley’s retail group has urged the Government to reform the business rates system Mike Ashley’s retail group has … Read more
The former chief executive of Persimmon, Jeff Fairburn, and his successor David Jenkinson, will never be able to fully escape the stain of their fat cat bonuses. After a City row over Fairburn’s original payout of more than £100million, it was reduced to £82million (over two years) and Jenkinson received £43.2million. The final insult was … Read more
Games Workshop turns fantasy into real world gains as it posts a bumper set of half-year profits By Daily Mail City & Finance Reporter Published: 22:36 BST, 14 January 2020 | Updated: 22:36 BST, 14 January 2020 Games Workshop shares jumped to a record high as the company posted a bumper set of half-year profits. … Read more
The uncovering of an elaborate scam sent shares in AIM-listed Lekoil crashing to an all-time low. The oil company had been duped into believing it had secured a £142million loan from the Qatar Investment Authority, which it was going to put towards further drilling off the coast of Nigeria. So sure was it that it … Read more
Glaxosmithkline pins hopes on vaccines pipeline after shingles jab generates blockbuster sales By Alex Brummer for the Daily Mail Published: 22:35 BST, 14 January 2020 | Updated: 22:35 BST, 14 January 2020 Glaxosmithkline is well advanced in developing a suite of vaccines which will guard against respiratory viruses in children and lung diseases in adults … Read more