moneymarkets

Conferences and big international trade shows seem like a strange concept in the Covid era. Travel restrictions and rules on the number of people who can meet indoors, even when not in full-blown lockdown, have blighted events organisers this year. They have been some of the worst-hit companies on the stock market – and the … Read more

AA’s biggest investors in conflict over private equity firms’ £218m offer for the debt-ridden breakdown firm By Daily Mail City & Finance Reporter Published: 21:50 GMT, 30 November 2020 | Updated: 22:08 GMT, 30 November 2020 A battle over the AA’s future has broken out after its two top shareholders took opposite sides on a … Read more

New boss at Lloyds in line for a £5.6m pay package: HSBC wealth wizard Charlie Nunn picked to succeed Antonio Horta-Osorio By Lucy White For The Daily Mail Published: 21:50 GMT, 30 November 2020 | Updated: 22:08 GMT, 30 November 2020 A father of four who grew up in a village outside Southampton is set … Read more

In the space of a few years, Sanjeev Gupta has emerged from obscurity to become a leading industrialist dubbed the ‘saviour of UK steel’. His sights are now on the steel assets of Europe’s second-largest producer, German giant Thyssenkrupp. And there are reports that he will make an offer for the ailing Port Talbot steelworks … Read more

London’s two oil majors racked up a day of heavy losses as traders nervously eyed the oil market. Oil prices tumbled after the biggest organisation of crude-producing countries, Opec+, failed on Sunday to reach a consensus about whether to extend the deep output cuts that have helped to buoy the market. Prices crashed at the … Read more

Pets at Home buys The Vet Connection for £15m after reporting strong results thanks to pandemic pet boom Surrey-headquartered TVC describes itself as ‘the leading telehealth provider’ Pets at Home stores this year have benefited from being classed as ‘essential’ By Harry Wise For This Is Money Published: 16:10 GMT, 30 November 2020 | Updated: … Read more

Billionaire brothers buying Asda continue spending spree as they make a bid for struggling coffee chain Caffe Nero Zuber and Mohsin Issa of EG Group are reportedly trying to buy Caffe Nero Under the EG proposal, Caffe Nero’s landlords would receive all the rent arrears  It comes as Caffe Nero’s landlords are set to vote … Read more

Pandemic and Brexit deadline cause slump in number of foreign firms planning to invest in UK’s financial services industry By Daily Mail City & Finance Reporter Published: 00:01 GMT, 30 November 2020 | Updated: 00:01 GMT, 30 November 2020 The pandemic and Brexit deadline have caused a slump in the number of foreign firms planning … Read more

Bosses of five lockdown winners received £45m in dividends after firms’ profits were fuelled by big tax breaks Retailers and hospitality firms were handed £10billion of business rates relief this year  Critics say shops which are lockdown winners should pay the tax break back  By Tom Witherow For The Daily Mail Published: 21:50 GMT, 29 … Read more

Big Give Christmas Challenge launching with 765 charities taking part and backing from celebrities including Dame Darcey Bussell By Daily Mail City & Finance Reporter Published: 21:50 GMT, 29 November 2020 | Updated: 21:50 GMT, 29 November 2020 Support: Ballerina Dame Darcey Bussell The Big Give Christmas Challenge is launching tomorrow with 765 charities taking … Read more