British Gas and E.ON can challenge Octopus Energy’s takeover Bulb, judge rules

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

Hargreaves tumbles after FCA crackdown on rip off ‘double dipping’ fees

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

Bond yields tumble as bets on rate cuts mount amid fresh signs of easing inflation

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

Global turmoil fires up Chemring as demand for missile components and explosives soars

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

Heathrow pins hopes on Xmas getaway rush amid speculation Saudis are looking to seize majority control

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

FCA cracks-down on investment platform profits on client cash

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

Saudi Arabia snaps up 10% of Heathrow as it steps up its investment in the UK

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