moneymarkets

Ladbrokes owner GVC plunges nearly 12% after it reveals it is being probed by the taxman By Matt Oliver For The Daily Mail Published: 22:44 BST, 21 July 2020 | Updated: 23:14 BST, 21 July 2020 Shares in Ladbrokes owner GVC plunged nearly 12 per cent after it said it was being probed by the … Read more

Royal Bank of Scotland will drop its 293-year-old name today in what chief executive Alison Rose called a ‘symbolic moment’. The bank will take on the moniker of its more popular brand Natwest as it attempts to draw a line under the rocky period following its 2008 taxpayer bailout. But the lender’s efforts to put … Read more

Ocado, Iceland and Co-op emerge as the lockdown winners as supermarket spending hits record high By City & Finance Reporter for the Daily Mail Published: 22:43 BST, 21 July 2020 | Updated: 23:14 BST, 21 July 2020 Ocado, Iceland and Co-op have emerged as the big lockdown winners as supermarket spending hit a record high. … Read more

Rolls-Royce was granted some respite from what has been a punishing year as it was picked to work on a design for a US army helicopter. The engineering juggernaut will provide the engines for Bell Textron’s V-280 Valor aircraft – which is one of two models competing for a potentially mammoth deal to make the … Read more

Outgoing Persimmon boss Dave Jenkinson sells £1.3m of shares leaving his with an £18.5m stake By Daily Mail City & Finance Reporter Published: 22:44 BST, 21 July 2020 | Updated: 23:13 BST, 21 July 2020 Cashing in: Outgoing Persimmon boss Dave Jenkinson sold 50,000 shares in the housebuilder at 2622p each Outgoing Persimmon boss Dave … Read more

Parcels boost for Royal Mail after virus lockdown fuelled internet shopping boom By Daily Mail City & Finance Reporter Published: 22:43 BST, 21 July 2020 | Updated: 23:13 BST, 21 July 2020 Royal Mail said parcel deliveries between March 30 and June 28 were 38 per cent higher than the same period last year Royal … Read more

Harry Potter publisher boosted by lockdown readers: Bloomsbury magics up strong sales for fantasy fiction and digital books Harry Potter book sales helped Bloomsbury’s children’s division to jump by 27%  In April, the company furloughed staff and cut its board members’ pay by 30%  Britons read 2.7 hours more per week in early May than … Read more

Amigo was hit with another huge sell-off after a surge in complaints pushed it into the red and it warned its financial future is uncertain. The guarantor lender, branded a ‘legal loan shark’ by MPs, racked up a £38million loss for the year to March 31 after it was forced to set aside £127million for … Read more

HSBC among Hong Kong-based banks cracking down on clients with ties to the pro-democracy movement By Lucy White For The Daily Mail Published: 21:50 BST, 20 July 2020 | Updated: 22:23 BST, 20 July 2020 Global wealth managers operating in Hong Kong have launched a crackdown on clients with ties to the country’s pro-democracy movement. … Read more

Insurers under fire for comparing the Government’s lockdown order to eating your ‘five a day’ By Lucy White For The Daily Mail Published: 21:50 BST, 20 July 2020 | Updated: 22:23 BST, 20 July 2020 A blockbuster legal battle against eight insurers kicked off yesterday over their refusal to pay out business interruption claims to … Read more