By THIS IS MONEY Updated: 15:00 GMT, 11 November 2024 Administrative staff working for Ford in the UK on Monday kicked off a week of ‘targeted industrial action’ as a long-running row over pay and contract changes rumbles on. Unite members at Ford’s Dagenham engine plant will be picketing all week starting at 7am each…
SIX intends to buy the junior stock market operator for 727 pence per share Since listing on the AIM market in 2018, Aquis’s turnover has soared by 495% By HARRY WISE Updated: 10:27 GMT, 11 November 2024 One of Europe’s largest stock exchanges has agreed to purchase London-listed Aquis Exchange in a £225million deal. Swiss…
By ALEX BRUMMER Updated: 22:07 GMT, 10 November 2024 Looking ahead: Chancellor Rachel Reeves Rachel Reeves cannot be greatly pleased with the hostility to her joyless Budget. This week she will attempt to rebalance the narrative when she appears before City grandees at the Mansion House. Unlike one of her illustrious predecessors Gordon Brown, the…
By CITY & FINANCE REPORTER Updated: 21:50 GMT, 10 November 2024 Bitcoin hit $80,000 for the first time yesterday in the wake of Donald Trump’s thumping victory in the US election. The cryptocurrency rose by 4.5 per cent on the day to reach its highest-ever price – the equivalent of £61,943.49. President-elect Trump has insisted…
A video is playing on a vast screen above the atrium of Marks & Spencer’s headquarters in Paddington, West London. The first images come from the retailer’s new TV Christmas food advertisement, starring Dawn French dancing amid tables laden with fare from the M&S ‘merry menu’. A visitor to the offices murmurs under his breath…
By PATRICK TOOHER Updated: 10:49 GMT, 10 November 2024 Sweeping reforms: Chancellor Rachel Reeves Rachel Reeves set to unveil sweeping reforms to encourage pension funds to ‘buy British’ and ‘fire up’ the economy. The Chancellor will use her keynote Mansion House speech this week to say lessons must be learnt from Canadian retirement schemes, who have…
By CALUM MUIRHEAD AND GEORGE DILLON Updated: 21:51 GMT, 9 November 2024 The Government should introduce a five-year tax break on businesses to encourage them to relocate to the UK, a leading fund manager has said. Stephen Yiu, head of the Blue Whale Growth Fund, a £1.1 billion portfolio backed by City veteran Peter Hargreaves, said…
By PATRICK TOOHER Updated: 21:51 GMT, 9 November 2024 Households are saving more and spending less as they hunker down ahead of an expected steep rise in mortgage costs when their fixed-rate deals end, the Bank of England has warned. The news will revive fears that the home loans timebomb that exploded in the aftermath…
By JON HOPKINS Updated: 12:04 GMT, 9 November 2024 Housebuilders have been basking in a positive light since the Bank of England started cutting interest rates and the Labour government pledged to boost spending on housing. However, conditions in the sector seem to be more uncertain for some, with a second profit warning in a…
By JESSICA CLARK Updated: 22:52 GMT, 8 November 2024 Concern: American billionaire Bill Ackman American billionaire Bill Ackman plans to scrap his investment fund’s listing in Amsterdam in favour of London after anti-Semitic attacks on football fans in the Dutch capital. Shares in Pershing Square are traded in both the Netherlands and the UK where the…
