moneymarkets

By Daily Mail City & Finance Reporter Updated: 22:34 GMT, 19 December 2023 Ruling: British Gas and E.ON are challenging Octopus’ takeover of Bulb British Gas and E.ON can continue their legal battle over Octopus Energy’s takeover of a rival, a judge has ruled. The suppliers are challenging Octopus’ takeover of Bulb, which collapsed in … Read more

Heathrow Airport expects 81.4m travellers in 2024, a 2.9% rise on this year But the travel hub forecasts turnover next year dropping by 6.1% to £3.45bn Passenger numbers jumped by 30% to 72 m in the first 11 months of 2023  By Harry Wise Updated: 10:33 GMT, 15 December 2023 London Heathrow expects revenue and … Read more

By Leah Montebello Updated: 23:26 GMT, 12 December 2023 Shares in investment platforms slumped after financial watchdogs warned them against ripping off customers by ‘double dipping’. Hargreaves Lansdown, AJ Bell and Abrdn saw a collective £458million wiped off their value after the Financial Conduct Authority (FCA) launched a crackdown on unfair charges. In a letter … Read more

By John-Paul Ford Rojas Updated: 23:25 GMT, 12 December 2023 Bond yields fell yesterday as fresh signs of easing inflation pressure threw the spotlight onto central banks ahead of key interest rate decisions. UK figures showed a slowdown in wage growth while in America inflation dipped to 3.1 per cent. The data comes ahead of … Read more

By Daily Mail City & Finance Reporter Updated: 23:23 GMT, 12 December 2023 Boom time: Chemring said orders hit £756m in the year to the end of October Chemring reported booming demand yesterday, as it cashed in on global instability.  The defence group, which makes materials and components for missile systems, explosives and propellants, said orders … Read more

By Leah Montebello Updated: 17:32 GMT, 12 December 2023 The number of passengers flying through Heathrow is just 2 per cent below pre-pandemic levels as travel continues to bounce back. Europe’s busiest airport revealed 6.1m travellers jetted in and out of its terminals in November – only slightly below the 6.2m that flew in the … Read more

The FCA has written a letter to 42 chief executives of financial services firms It believes groups involved in double dipping are not acting out of ‘good faith’ AJ Bell and Hargreaves Lansdown shares both slumped on Tuesday morning By Harry Wise Updated: 17:12 GMT, 12 December 2023 Britain’s financial regulator is clamping down on … Read more

By Francesca Washtell Updated: 11:08 GMT, 3 December 2023 Ascential chief executive Duncan Painter sold £840,000 of stock after a deal to split up the firm sent its shares soaring. Painter, who has led the media and events group since 2011, sold 300,000 shares for £2.80 each. He earned £1 million last year and has … Read more

By Jessica Clark Updated: 09:35 GMT, 1 December 2023 Metro Bank is planning to slash its branch opening hours and axe hundreds of jobs as part of proposals to save it from collapse. The lender said it will make 20 per cent of its 4,266-strong workforce redundant, which means more than 850 jobs will be … Read more

By Leah Montebello Updated: 22:01 GMT, 29 November 2023 Saudi Arabia is taking a 10 per cent stake in Heathrow as it steps up its investment in the UK. Its sovereign wealth fund, whose vast array of assets includes Newcastle United FC, has agreed to pay Spanish infrastructure giant Ferrovial £1billion for the shares. Ferrovial … Read more