moneymarkets

America’s technology giants have added nearly $2.5 trillion to their market values this year – an astonishing rally worth almost as much as the entire UK economy. Despite the economic impact of the coronavirus crisis, Facebook, Apple, Amazon, Netflix, Google parent Alphabet, Microsoft and Tesla have surged higher as their businesses continue to boom. They … Read more

Tech journalist files class-action lawsuit against Marriott Hotels in the High Court over gigantic data breach Hackers gained access to the Starwood guest reservation database in 2014  David Bryant accuses Marriott Hotels of violating data protection legislation The personal details of 339million guests were affected by the cyberattack By Harry Wise For This Is Money … Read more

A shock jump in inflation last month has sparked fears that Britain could face a cost of living crisis as the impact of the recession hits people hard in their pockets. With further mass job cuts on the cards as the Government’s furloughing scheme comes to an end in the autumn, higher prices for products … Read more

TV licensing collector Capita plunged into the red after admitting that the coronavirus has thrown its turnaround plans off course. The outsourcer, which also operates London’s congestion charge, slid to a £28.5million loss in the first half of the year compared to a £31.2million profit over the same time in 2019. TV licensing collector Capita, … Read more

Carnival hit by cyber attack: Hackers steal personal information of cruise giant’s passengers and staff By Lucy White For The Daily Mail Published: 22:00 BST, 18 August 2020 | Updated: 23:13 BST, 18 August 2020 The personal information of Carnival’s passengers and staff has been stolen by hackers, it emerged yesterday. The embattled cruise giant … Read more

Stobart culls 130 Essex airport jobs after Easyjet confirms plans to shut down bases at Stansted and Southend By Lucy White For The Daily Mail Published: 21:50 BST, 18 August 2020 | Updated: 23:13 BST, 18 August 2020 Airport operator Stobart Group is to cut more than 130 jobs after Easyjet confirmed plans to shut … Read more

Persimmon, the builder previously known as a byword for executive greed, is striking a hopeful note on the housing market. The dividend, which had been put on ice, is being reinstated and sales have surged since lockdown. This fits with other straws in the wind. Rightmove, the property website, says home sales surged over the … Read more

The world’s biggest mining company is to sell off its thermal coal sites as it prepares for a greener future. BHP will offload mines in Australia and Colombia within two years, bowing to pressure from activist investors to stop producing what is seen as the dirtiest fossil fuel. Thermal coal is mainly used for power … Read more

Casual clothing boost for Sosandar: Sales soar during lockdown at women’s fashion brand By Daily Mail City & Finance Reporter Published: 22:13 BST, 18 August 2020 | Updated: 22:13 BST, 18 August 2020 Sales at women’s fashion brand Sosandar soared during lockdown despite the closure of offices and the cancellation of events. The four-year-old firm … Read more

Ocado eclipses its supermarket rivals… as ailing M&S pins its hopes on online tie-up By Tom Witherow For The Daily Mail Published: 22:12 BST, 18 August 2020 | Updated: 22:12 BST, 18 August 2020 Ocado has emerged as one of the biggest winners of the coronavirus crisis, eclipsing its ‘Big Four’ supermarket rivals. The online … Read more