By GEOFF HO Updated: 21:53 GMT, 13 December 2024 Rachel Reeves yesterday hailed the impending listing of a French TV and film giant on the London Stock Exchange as a ‘vote of confidence’ in the UK. Ahead of the LSE debut of Canal+ shares on Monday, the Chancellor met the Paris-based firm’s chief executive Maxime…
GDP shrinks again but analysts say the bank is more concerned about inflation By MIKE SHEEN Updated: 15:06 GMT, 13 December 2024 The pound fell back from recent highs on Friday after fresh data showed the economy shrank for a second consecutive month. Data from the office for National Statistics showed a 0.1 per cent…
By JOHN-PAUL FORD ROJAS Updated: 22:01 GMT, 12 December 2024 The European Central Bank (ECB) cut interest rates for the fourth time this year as the continent’s floundering economy faces political strife and possible US tariffs. The quarter-percentage point cut from 3.25 per cent to 3 per cent takes rates to their lowest since May…
Hospitality companies have warned the Budget could lead to more job cuts By HARRY WISE Updated: 17:01 GMT, 12 December 2024 Britain’s pubs, restaurants and hotels experienced the fastest increase in costs of any business sector last month, after being hit by tax and wage changes in October’s Budget. Tourism and recreation companies also implemented…
Retailer has 75% market share of AI laptop market, says boss By MIKE SHEEN Updated: 12:10 GMT, 12 December 2024 Looming Currys price hikes are ‘inevitable’ ahead of a £32million hit from changes announced in the Autumn Budget, the retailer told shareholders on Thursday. Currys said ‘some’ price hikes are on the way as it…
Takeover mania has the stock market in its grip with two multi-billion pound bids sealed last week alone. Nothing so unusual about that, you might think – except that both were led by women. Amanda Blanc, the chief executive of insurance company Aviva, pursued smaller rival Direct Line, and Margherita Della Valle, the boss of…
By JON HOPKINS Updated: 22:19 GMT, 11 December 2024 British Airways owner IAG has seen its share price go on a journey this year, almost doubling in value, and Deutsche Bank thinks that journey has only just begun. The German bank’s analysts said capacity constraints on transatlantic flights should leave IAG able to lift prices…
By MIKE SHEEN Updated: 12:58 GMT, 11 December 2024 Heathrow Airport is expecting its busiest ever festive period this year, with Christmas Day passenger numbers more than 20 per cent ahead of last year. Britain’s busiest airport saw 141,000 passengers travel through its terminals on 25 December and it expects this to balloon to ‘around…
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…
