moneymarkets

MARKET REPORT: ‘Legal loan shark’ Amigo left friendless after watchdog bans it from paying dividends without permission By Francesca Washtell For The Daily Mail Published: 21:51 BST, 19 October 2020 | Updated: 22:14 BST, 19 October 2020 Amigo shares sank after it was told it will not be able to pay any bonuses or dividends … Read more

The choice of former Standard Life Aberdeen chief executive Keith Skeoch as interim chairman of audit and governance watchdog the Financial Reporting Council could not be more timely. A series of missteps by big audit firms, with Ernst & Young (EY) caught in the headlights, has refocused attention on the potential for audit failure. In … Read more

China is not flavour of the month among the Western democracies at present. It is deplored for its human rights atrocities against the Uighur minority, demolition of democracy in Hong Kong, the telecoms autocracy of Huawei and above all the visitation of the Covid-19 pandemic.  It will not be surprising that there are citizens in … Read more

Amigo forced to ask for City watchdog’s approval to pay out cash to shareholders and directors Amigo entered a Asset Voluntary Requirement (VReq) with the FCA The  FCA uses VReq when they suspect ‘serious misconduct’ and ‘and harm needs to be prevented immediately’ By Camilla Canocchi for Thisismoney.co.uk Published: 10:39 BST, 19 October 2020 | Updated: … Read more

Security firm G4S urges shareholders to block hostile takeover by rival Garda World after its bid was published By Daily Mail City & Finance Reporter Published: 21:51 BST, 18 October 2020 | Updated: 21:59 BST, 18 October 2020 Security firm G4S has urged shareholders to block a hostile takeover by Canadian rival Garda World after … Read more

Boss of WPP says advertising giant is poised to go on buying spree after patching up finances By Daily Mail City & Finance Reporter Published: 21:51 BST, 18 October 2020 | Updated: 21:51 BST, 18 October 2020 The boss of WPP says the advertising giant is poised to go on a buying spree after patching … Read more

Lloyds widens compensation scheme for victims of the HBOS Reading fraud after pressure from campaigners By Daily Mail City & Finance Reporter Published: 21:51 BST, 18 October 2020 | Updated: 21:51 BST, 18 October 2020 High Street bank Lloyds has widened a compensation scheme for victims of the HBOS Reading fraud after pressure from campaigners.  … Read more

Mike Ashley revives long-running attempts to buy department store chain Debenhams By Daily Mail City & Finance Reporter Published: 21:51 BST, 18 October 2020 | Updated: 21:51 BST, 18 October 2020 Mike Ashley has revived his long-running attempts to buy department store chain Debenhams.  The Sports Direct tycoon saw his 30 per cent stake wiped … Read more

Top luxury brands warn Chancellor that axing duty-free sales during Covid-19 pandemic will put thousands of retail jobs further at risk 16 firms said removing VAT refunds for international visitors to shops would deliver a hammer blow to the fashion industry Their warning comes after research laid bare the devastation retailers face this year, with … Read more

Investigation reveals makers of James Bond film franchise received more than £100m in tax subsidies in UK but pay little corporation tax here By Neil Craven, Financial Mail on Sunday Published: 21:51 BST, 17 October 2020 | Updated: 21:58 BST, 17 October 2020 The makers of the James Bond film franchise have received more than … Read more