News: Money

Fox and Comcast prepare final bids in battle for Sky

Saturday  16:05,   22 september 2018

Half of the City will be working this weekend. The other half wishes it was. Legions of highly-paid lawyers and bankers will be advising American film and TV firm 21st Century Fox and US cable giant Comcast as they prepare to table bids in an...[...]

The pound is tanking as May speech deepens Brexit crisis

Saturday  15:25,   22 september 2018

The pound dives as Theresa May delivers speech that pushes the UK closer to a hard Brexit. Pound dollar exchange rate drops more than 1.4% as speech progresses. "I will not overturn the result of the referendum, nor will I break up my country," May...[...]

The full story on nation's housing crisis

Saturday  14:50,   22 september 2018

The UK is facing not a single nationwide housing crisis - but five starkly different crises across the UKThe UK is facing not a single nationwide housing crisis - but five starkly different crises across the...[...]

A stealth tax on landlords? Buy-to-let owners set to hand £79m as new shared housing licensing comes into force

Saturday  07:25,   22 september 2018

Changes to the law are set to affect over 160,000 properties in England and Wales, with 77,194 landlords being expected to apply for the new licence. Research has revealed that licence fees alone will hit landlords with a bill for £1,027 each, or...[...]

Just Eat burnt by rumours of takeover talks between Uber and Deliveroo

Friday  18:25,   21 september 2018

The food fight for dominance of Europe’s delivery market is hotting up.Shares in FTSE 100 company Just Eat dropped as much as 9% in early trading to a low of 644.2p in response to the...[...]

Emirates Seeks Etihad Takeover to Create World’s Largest Airline

Friday  16:05,   21 september 2018

Dubai’s flagship airline Emirates is looking at taking over unprofitable neighbor Etihad, according to four people familiar with the matter, in a move that would create the world’s biggest carrier by passenger traffic. The talks, which are at a...[...]

RBS says problems with online and mobile banking have been fixed

Friday  15:05,   21 september 2018

Customers started reporting problems at around 5am on Friday but the bank later said it has resolved them.RBS/NatWest said it has fixed problems which left frustrated customers locked out of their online and mobile...[...]

Italy challenges Ryanair charge on 'essential' hand luggage

Friday  13:05,   21 september 2018

Italy is challenging Ryanair's decision to charge passengers for hand luggage. For those travelling after 1 November, the low-cost airline will only allow non-priority customers one "small personal bag", such as a handbag or laptop case, into...[...]

FTSE 100 ends higher after US markets break record ground

Friday  12:06,   21 september 2018

The Dow Jones and S&P 500 set fresh record highs.London’s top flight closed up 36.2 points, or 0.5%, at...[...]

Liam Fox is plotting to scrap EU food standards to win a Brexit trade deal with Trump

Friday  11:25,   21 september 2018

Exclusive: Liam Fox is planning to scrap EU food standards using controversial "Henry the 8th" powers, multiple sources have told Business Insider. Theresa May's government has insisted that they will not water down EU regulations which...[...]

Mike Ashley's High Street empire struck again as French Connection shares sink on news of spiralling losses and falling sales

Friday  04:50,   21 september 2018

The drop will shave a nearly £1.2million off Sports Direct's 27 per cent stake in French Connection, which revealed that half-year losses had widened to £15.1million, from £5.9million a year earlier. The drop will shave a nearly £1.2million [...]

Railways 'bursting at the seams', Grayling admits

Thursday  15:25,   20 september 2018

The transport secretary has admitted that Britain's railways are "bursting at the seams" but said renationalisation is not the answer. Chris Grayling has announced a "sweeping" review designed to transform the industry which he says is still...[...]

Equifax fined half a million pounds over data breach

Thursday  15:05,   20 september 2018

A credit reference agency that failed to protect the details of 15 million people in the UK during a cyber attack has been fined £500,000. The personal information lost or compromised during the incident between 13 May and 30 July 2017 ranged from...[...]

Aston Martin sets £5.07bn float valuation

Thursday  13:05,   20 september 2018

Luxury carmaker Aston Martin is looking at a valuation of up to £5.07bn as it prepares to float on the London Stock Exchange next month. The Lagonda and DB7 manufacturer has set share price range for its imminent listing at between £17.50 and £22.50 [...]

Sainsbury faces major probe into £14bn merger with Asda amid concerns shoppers could face higher prices

Thursday  11:50,   20 september 2018

The Competition and Markets Authority said the deal raised 'sufficient concerns' to warrant a full investigation into the impact on prices, choice and customer service. Sainsbury's and Asda, the UK's second and third largest...[...]