moneymarkets

Tesla chief Elon Musk becomes world’s fourth-richest person after shares in his electric car company surge 11% By Matt Oliver For The Daily Mail Published: 21:50 BST, 18 August 2020 | Updated: 21:50 BST, 18 August 2020 Tesla boss Elon Musk has become the fourth-richest person in the world after shares in his electric car … Read more

Britain’s biggest house builder Persimmon said its build rate reached normal levels by the end of June and it restored its dividend to shareholders, it revealed today. Pre-tax profits plunged 43 per cent from £509.3million to £292.4million. Revenues were also down 32 per cent to £1.19billion, from the £1.76billion it reported a year earlier, after … Read more

Expansion is on the menu for Ramsay: Celebrity chef plans to open fifty UK restaurants after making a £15m profit last year By Ruth Sunderland for the Daily Mail Published: 21:51 BST, 17 August 2020 | Updated: 21:51 BST, 17 August 2020 Gordon Ramsay’s restaurant empire made a profit of more than £15million last year … Read more

Hollywood star Ryan Reynolds toasts a blockbuster payday after drinks giant Diageo buys his gin brand for £465m By Daily Mail City & Finance Reporter Published: 21:51 BST, 17 August 2020 | Updated: 21:51 BST, 17 August 2020 Deadpool star Ryan Reynolds was toasting a massive payday yesterday after the world’s biggest drinks company, Diageo, … Read more

Marks & Spencer has launched a middle-class supermarket price war as it prepares for its products to replace Waitrose’s on the Ocado website next month. Ahead of the September 1 start date M&S has dropped prices to undercut its upmarket rival on thousands of items such as honey roast ham, tinned tomatoes and organic cucumbers. … Read more

Shares in Cranswick rose yesterday after the meat producer revealed the lockdown had bulked up its sales. The company, which owns farms and supplies pork and chicken to UK grocers, is emerging as one of the business winners from the coronavirus pandemic. It said sales were turbo-charged by the ‘shift towards greater in-home consumption’ during … Read more

New Ladbrokes boss exploits bonus scheme to make a potential £6.5m profit in his first month on the job By Tom Witherow For The Daily Mail Published: 21:51 BST, 17 August 2020 | Updated: 21:51 BST, 17 August 2020 Windfall: Shay Segev took over at the owner of Ladbrokes Coral from Kenny Alexander last month … Read more

Natwest customers slam bank’s poor branches and overdraft services as they rate it one of the worst for service By Lucy White For The Daily Mail Published: 21:50 BST, 17 August 2020 | Updated: 21:50 BST, 17 August 2020 Natwest’s customers have rated it as one of the worst banks, calling out its poor branches … Read more

Families keep tight hold on purse strings: Households reign in spending amid fears of mass job cuts By Matt Oliver For The Daily Mail Published: 21:50 BST, 17 August 2020 | Updated: 21:50 BST, 17 August 2020 Nervous British families are reining in spending as fears grow about mass job losses, a survey shows. Households … Read more

Cell engineering company Horizon Discovery Group hit by lockdown decline in academic research work The firm is headquartered in Cambridge, but makes its products in Colorado  CRISPR is a gene-editing technology that could potentially cure genetic defects Horizon’s earnings fell by over 40% in April compared to the same month in 2019  By Harry Wise … Read more