Moneysupermarket.com revenues fall as electricity supply switching drops

Moneysupermarket revenues fall as electricity supply switching drops and tighter lending rules at banks hit its finance wing Nineteen per cent fewer households changed their energy provider last month Revenues over the first nine months of this year fell by 11% to £268.4million Quarantine rules have severely impacted the company’s travel segment By Harry Wise … Read more Moneysupermarket.com revenues fall as electricity supply switching drops

The US election result isn’t what matters most to markets

US politics, as is often the case, is driving markets at the moment as President Donald Trump and former Vice President Joe Biden go head to head for the White House. The outcome this particular race is less important economically than another stateside political wrangle though. A fiscal stimulus package somewhere in the order of … Read more The US election result isn’t what matters most to markets

Steelworkers cheer £2bn pension deal: 30,000 set for retirement boost 

Steelworkers cheer £2bn pension deal: 30,000 set for retirement boost as insurance firm agrees to buy out the old British Steel Scheme By Francesca Washtell For The Daily Mail Published: 22:15 BST, 21 October 2020 | Updated: 22:27 BST, 21 October 2020 Thousands of steelworkers will be hoping to receive a boost to their pension … Read more Steelworkers cheer £2bn pension deal: 30,000 set for retirement boost 

£12bn wiped off Netflix with fewer customers joining over the summer

£12bn wiped off Netflix with fewer new customers signing up to the streaming service over the summer By Daily Mail City & Finance Reporter Published: 21:50 BST, 21 October 2020 | Updated: 22:27 BST, 21 October 2020 More than £12billion was wiped off the value of Netflix last night after fewer customers joined the streaming … Read more £12bn wiped off Netflix with fewer customers joining over the summer

Victory for firms as insurers agree to pay on interruption policies

Victory for small firms as insurers finally agree to pay out on business interruption policies By Daily Mail City & Finance Reporter Published: 21:51 BST, 21 October 2020 | Updated: 22:27 BST, 21 October 2020 Small businesses are celebrating a ‘huge win’ after insurer RSA decided to pay holders of certain business interruption policies. Hordes … Read more Victory for firms as insurers agree to pay on interruption policies

Crippling coronavirus rules just make no sense, says Mecca bingo boss

A bingo boss has launched a scathing attack on ‘illogical’ rules that have forced sites to close in some Covid hotspots – but not others. John O’Reilly, whose company Rank Group owns 77 Mecca bingo halls and 51 Grosvenor casinos, said it was ‘impossible’ to plan ahead when venues are shut ‘on a whim’. The … Read more Crippling coronavirus rules just make no sense, says Mecca bingo boss

Tesla on track to deliver 500,000 cars despite Covid

Tesla on track to deliver 500,000 cars despite Covid: Electric car maker’s revenue rises to a record £6.7bn By Daily Mail City & Finance Reporter Published: 22:16 BST, 21 October 2020 | Updated: 22:18 BST, 21 October 2020 Tesla smashed through Wall Street’s expectations as it released its thirdquarter results last night. The electric car … Read more Tesla on track to deliver 500,000 cars despite Covid

Live music industry ‘decimated’ by pandemic with 170,000 jobs at risk

Live music ‘decimated’ by pandemic: 170,000 jobs at risk as closed venues cost industry £3.6bn By Daily Mail City & Finance Reporter Published: 21:51 BST, 21 October 2020 | Updated: 21:51 BST, 21 October 2020 Up to 170,000 jobs are at risk in live music after the closure of venues cost the industry of £3.6billion … Read more Live music industry ‘decimated’ by pandemic with 170,000 jobs at risk

MARKET REPORT: Gold miners tarnished by production troubles

Shares in two of London’s biggest gold miners were tarnished by warnings they will dig up less of the precious metal than planned. Mid-capper Centamin tumbled after admitting production will fall short of expectations and costs will jump, this year and next. Work at its flagship Sukari mine in Egypt has been disrupted by ground … Read more MARKET REPORT: Gold miners tarnished by production troubles

Goldman set to plead guilty in Malaysia fraud

Goldman set to plead guilty in Malaysia fraud: Bankers accused of helping to siphon billions from state-owned fund By Lucy White For The Daily Mail Published: 21:50 BST, 21 October 2020 | Updated: 21:50 BST, 21 October 2020 An Asian subsidiary of Goldman Sachs will plead guilty to playing a part in the blockbuster 1MDB … Read more Goldman set to plead guilty in Malaysia fraud