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Serica Energy yields big returns for building firm boss
Buy low, sell high is the stockpicker’s code – but few achieve the stellar returns small building firm boss David Hardy has made by investing in oil company Serica Energy.
Lebara founders made £90m from sale of SIM card company
The three founders of a London-headquartered SIM card firm made £90m each from the sale of the company, dwarfing the amount of tax it paid in 15 years.
Lloyds sued for interfering with bankrupt property firms
Lloyds Banking Group has been accused of interfering with the administrations of bankrupt property firms by installing the real estate company Grainger to handle sales of buildings.
New Look scraps £12m pay plan after fortunes slump
Struggling retailer New Look has scrapped a £12m scheme to pay bosses and directors after the chain’s fortunes went into reverse. The company is now considering a plan to close up to 60 stores
Sir Paul Smith returns to his role as creative director
Fashion designer Sir Paul Smith has returned to the shop floor at the age of 71 to ‘recapture the spirit’ of his clothing and lifestyle brand after a dramatic fall in profits.
Church leaders condemn Persimmon boss bonus
If Persimmon boss Jeff Fairburn was praying for a respite from the criticism he has received over his controversial bonus, currently worth £115m, his hopes are dashed today.
Senior managers implicated in RBS plan to plunder firms
An official report into RBS’s controversial Global Restructuring Group found emails that put senior managers at the heart of a plan to plunder small firms for cash.
Former GRG boss raked in thousands since leaving RBS
Former boss of RBS’s notorious Global Restructuring Group Derek Sach has raked in hundreds of thousands of pounds in consultancy fees since leaving the taxpayer-backed bank.
Market wobbles point to a wake-up call for your money
We have been living in extraordinary times since the 2008 financial crisis. But is this sustained period drawing to an end? It's time your money had a wake up call.
Lady Mone might soon be known as Baroness Blockchain
Lady Mone made her fortune selling lingerie. But now the woman sometimes dubbed Baroness Bra is going into digital currency – so she might in future be known as Baroness Blockchain.
RUTH SUNDERLAND: Why so long to reveal RBS investigation
Why on earth has it taken so long to reveal the full contents of an investigation into the maltreatment of small businesses at RBS?
Damning report into RBS division leaves FCA in disarray
Top City regulator the Financial Conduct Authority was in disarray last night after the leak of a damning report into the activities of a notorious business banking division of RBS.
Eight keys to release equity from pensioners' homes
For those with equity in their home, unlocking some of the wealth tied up in their bricks and mortar can be an attractive option. Here are eight key facts you may not know about these plans.
Almost 800,000 homes in Britain are worth £1m or more
There are now 768,553 homes across Britain valued at at least £1 million - accounting for 2.7% of the nation's housing stock, according to a new study.
Secret files expose shame of the RBS bullies
The abuses are laid bare in damning detail in an explosive 350-page report that the bank and City regulators tried to suppress.
Elderly people targeted in Apple’s iTunes vouchers scam
HM Revenue and Customs said hundreds of vulnerable and elderly people have fallen victim to the scam, which sees fraudsters cold calling people pretending to be HMRC members of staff.
SHARE PUNT OF THE WEEK: Dillistone sees shares leap 20%
Shares in the business leapt 20 per cent this week after a positive trading update about the launch of its Gated Talent software, which has been designed for the headhunting industry.
MARKET REPORT: Travel firm Hogg Robinson soars
American Express Global Business Travel has made a bid for the company, which has also agreed to sell its payments technology arm to Visa.
ALEX BRUMMER: Casino banking can explode in our faces
Deputy Bank of England governor Ben Broadbent noted that the rise in volatility in the past week was an investor response to stronger growth and greater inflation. Let us hope he is right.
Bankers pocket £111m as Foxy Bingo buys Ladbrokes
GVC Holdings, the Isle of Man-based owner of Foxy Bingo, is buying Ladbrokes in a deal that will see City firms split a £111m fees bonanza and hand executives up to £12m.