moneymarkets

FTSE CLOSE: Shares jump on US-China trade deal; Pound at $1.33 as new MPs head to Parliament; Sports Direct close to tax deal with Belgium By This Is Money Published: 08:52 BST, 16 December 2019 | Updated: 17:16 BST, 16 December 2019 The FTSE 100 has soared 2.25 per cent or 165.61 points to 7519.05 … Read more

British cinema chain Cineworld set to become top dog in North America as it makes move to buy Canada’s Cineplex for £1.6bn despite large debt pile Cineworld has unveiled plans to become the biggest chain in North America The deal to buy Cineplex is expected to add 165 cinemas and 1,700 screens Analyst describes deal as … Read more

Prominent member of Cobham family says we MUST protect UK defence, or we will lose ‘irreplaceable’ assets By Daily Mail City & Finance Reporter Published: 23:59 BST, 15 December 2019 | Updated: 23:59 BST, 15 December 2019 The UK appears to be the last major military power to prioritise the protection of domestically-owned and controlled … Read more

Caffe Nero owner to open dozens of new outlets despite growing losses By Daily Mail City & Finance Reporter Published: 23:59 BST, 15 December 2019 | Updated: 23:59 BST, 15 December 2019 The owner of Caffe Nero is poised to open 80 new outlets next year. The business, which also owns Harris + Hoole, Coffee … Read more

Week one, and PM faces a major industrial drama as British Steel rescue deal is under threat with 4,000 steelworkers at risk of losing their jobs China’s Jingye is currently the preferred bidder having offered £50million Jingye says it’s making progress and says its rescue plan is not in jeopardy The British Steel plant in … Read more

Labour peer nets millions as investors in his collapsed Koovs fashion firm are wiped out Koovs went under on Tuesday in a pre-pack administration Its chairman, Lord Waheed Alli, bought the clothing company, saving jobs  But small shareholders in the AIM-listed company will lose out   Alli’s TV production company was snapped up on the very … Read more

ELECTION MARKETS CLOSE: Pound at $1.33 and shares leap as Tories win big majority and investors chase the Boris bounce By This Is Money Published: 07:14 BST, 13 December 2019 | Updated: 17:13 BST, 13 December 2019 The FTSE 100 closed up 79.97 points at 7353.44 and the pound was at $1.33 against the dollar, … Read more

British tech tycoon Mike Lynch branded ‘thoroughly unreliable witness’ as £4bn Autonomy fraud trial enters final stages By Matt Oliver For The Daily Mail Published: 21:51 BST, 12 December 2019 | Updated: 10:47 BST, 13 December 2019 Mike Lynch was accused of telling ‘lie after lie’ in court yesterday as the £4billion Autonomy fraud trial … Read more

Saudi Aramco up as its value jumps to £1.5 trillion during its second day of trading By Daily Mail City & Finance Reporter Published: 21:50 BST, 12 December 2019 | Updated: 21:59 BST, 12 December 2019 Saudi Aramco was valued at $2 trillion (£1.5 trillion) yesterday as shares surged during its second day of trading. … Read more

Row over ‘fake’ 17th century masterpiece lands hedge fund boss with £4.5m bill from Sotheby’s By Mario Ledwith for the Daily Mail Published: 21:51 BST, 12 December 2019 | Updated: 21:51 BST, 12 December 2019 An American hedge fund boss has been forced to pay around £4.5million to Sotheby’s after it sold a 17th century … Read more