moneymarkets

Amigo board rejects founder James Benamor’s proposals and says his suggested return would be ‘materially detrimental’ for the business Spat between founder of Amigo Loans and its board escalates over the weekend James Benamore pens blog recommending his return and ousting of board Benamor accuses Amigo of irresponsible lending and excluding millions Amigo board says return … Read more

Frasers Group saves 922 jobs as it snaps up DW Sports assets in £37m deal amid increasing scrutiny over refusing to return furlough millions Around 1,700 jobs were at risk when DW Sports fell into administration in July Reports now claim the deal with Frasers Group will save 922 jobs During the year ending 31 … Read more

Britons spending £46 a month on subscriptions as entertainment and delivery services boom in lockdown By Daily Mail City & Finance Reporter Published: 00:04 BST, 24 August 2020 | Updated: 00:04 BST, 24 August 2020 Britons are spending £46 a month on subscriptions as entertainment and delivery services boom in lockdown.  Even as shops reopened … Read more

Dividends plunged by £209bn during lockdown in ‘tragedy’ for savers – with companies in Britain and Europe worst affected Investors in British firms saw their income fall by £14billion  The dividend cuts made it the worst quarter since the financial crisis By Tom Witherow For The Daily Mail Published: 00:04 BST, 24 August 2020 | … Read more

BT shareholders expect boost in price of their stock after it was revealed that firm is preparing to defend itself against hostile bid By Daily Mail City & Finance Reporter Published: 21:51 BST, 23 August 2020 | Updated: 21:51 BST, 23 August 2020 Shareholders in BT were expecting a boost in the price of their … Read more

Rolls-Royce expected to post a half-year loss of £1.1bn in its results By Daily Mail City & Finance Reporter Published: 21:51 BST, 23 August 2020 | Updated: 21:51 BST, 23 August 2020 Rolls-Royce is expected to post a half-year loss of £1.1billion in its results this week.  Demand for the Derby firm’s jet engines has … Read more

Mercedes car owners in Britain could be in line for up to £10,000 each after law firm set up a group claim over diesel emissions scandal By Ben Harrington, Financial Mail on Sunday Published: 21:51 BST, 22 August 2020 | Updated: 09:10 BST, 23 August 2020 Thousands of Mercedes car owners in Britain could be … Read more

Hedge funds bet £100m on cash-strapped package holidays giant Tui’s share price dive By Jamie Nimmo, Financial Mail On Sunday Published: 21:52 BST, 22 August 2020 | Updated: 22:07 BST, 22 August 2020 Cash-strapped package holidays giant Tui has come under attack from hedge funds hoping to cash in on a looming rights issue aimed … Read more

Billionaire known as the Czech Sphinx quietly becomes largest shareholder in Royal Mail By Jamie Nimmo, Financial Mail On Sunday Published: 21:53 BST, 22 August 2020 | Updated: 21:53 BST, 22 August 2020 The billionaire known as the Czech Sphinx has quietly become the largest shareholder in Royal Mail, heaping more pressure on the troubled … Read more

Ad mogul’s bold plan to build media empire: And Marc Boyan could get help from PR guru Matthew Freud By Jamie Nimmo And Ben Harrington, Financial Mail On Sunday Published: 21:53 BST, 22 August 2020 | Updated: 21:53 BST, 22 August 2020 An advertising entrepreneur is hatching ambitious plans to build a global media empire … Read more