By DAILY MAIL CITY & FINANCE REPORTER Updated: 22:04 GMT, 10 December 2024 The pound hit its highest level against the euro for more than two-and-a-half years yesterday. Sterling’s surge came as the European Central Bank (ECB) prepares to cut interest rates to prop up the struggling economy. The pound rose as high as €1.2136…
By EMILY HAWKINS Updated: 22:04 GMT, 10 December 2024 Asda was the only major supermarket to suffer a slump in sales in the run up to the crucial Christmas trading period. The gloomy update underlined the scale of the job facing the grocer’s returning boss. Research group Kantar said Asda sales in the 12 weeks…
Germany could leave the European Convention on Human Rights if it is unable to overhaul Europe’s asylum system, one of the country’s leading conservative politicians has said. Jens Spahn, who was a minister under Angela Merkel and represents the Christian Democratic Union (CDU) in the Bundestag, said the move is only one component of a far-reaching…
By LIVE COMMENTARY Updated: 16:26 GMT, 10 December 2024 The FTSE 100 is down 0.5 per cent in afternoon trading. Among the companies with reports and trading updates today are Thames Water, Ashtead, Games Workshop, Boohoo and Centrica. Read the Tuesday 10 December Business Live blog below. > If you are using our app or…
By DAILY MAIL CITY & FINANCE REPORTER Updated: 22:02 GMT, 9 December 2024 The owner of Cadbury is said to be eyeing rival chocolate maker Hershey’s. If Mondelez’s move succeeds, it would create one of the world’s largest confectioners and bring favourites such as Dairy Milk and Reese’s Pieces together. Hershey’s shares soared more than…
The dramatic downfall of Syria‘s iron-fisted leader Bashar al-Assad marks an end to over 50 years of his family’s brutal rule. Rebel forces ousted the dictator after taking control of the capital, Damascus, on Sunday – the latest chapter in a bloody civil war that started in 2011 and saw the country become a hub…
Syrians across the world have shed tears of joy in response to the ousting of former president Bashar al-Assad as they celebrate a sudden end to the ‘tyrant’s’ 24-year-reign. Exiled nationals are gathering in London, Berlin and Madrid among other cities to express their support after opposition fighters reached the suburbs of Damascus yesterday for the first time…
REC/KPMG: The UK labour market suffered a ‘further deterioration’ of conditions Permanent placements contracted at their steepest pace for 15 months By HARRY WISE Updated: 13:47 GMT, 9 December 2024 Vacancies declined at the fastest pace in over four years in November amid the fallout from the Autumn Budget, new hiring data suggests. KPMG and the…
ISS said Mike Ashley and Mike Lennon have ‘real conflicts of interest’ Ashley has accused Boohoo Group of ‘panic-driven mismanagement’ By HARRY WISE Updated: 10:31 GMT, 9 December 2024 A prominent shareholder advisory firm has advised Boohoo investors to reject Frasers Group’s plans to overhaul the online retailer’s leadership. Institutional Shareholder Services (ISS) said the…
Before election, Reeves and Starmer went on charm offensive with business They still insist they want to unleash growth Labour needs to ditch the naïve socialist beliefs about economy By RUTH SUNDERLAND FOR THE DAILY MAIL Updated: 21:53 GMT, 8 December 2024 Every minister’s nightmare is to be upstaged in front of the media by…
