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Inflation holds steady but where does it go from here

Daily Mail - Wed, 11/15/2017 - 08:24
The key question now is not whether Mark Carney will have to get his best pen out and write a letter, but when will the next rise come?

DAILY BRIEFING: Tory treasurer in line to chair Rio Tinto

Daily Mail - Tue, 11/14/2017 - 23:58
Conservative treasurer Sir Mick Davis is in line to be the next chairman of mining giant Rio Tinto. The 59-year-old has emerged as a frontrunner for the position being vacated by Jan du Plessis.

FCA warns against betting on the Bitcoin bubble

Daily Mail - Tue, 11/14/2017 - 23:55
Bitcoin has rocketed in value in the past 12 months from $721 to $6,483, sparking an investment craze backed by celebrities such as football manager Harry Redknapp.

US oil boom 'will see it dominate the market by 2025'

Daily Mail - Tue, 11/14/2017 - 23:54
The US has revolutionised its oil and gas industry over the past decade to become less dependent on foreign imports. Experts now predict its output will grow by 8m barrels per day by 2025.

Luxury fashion website Farfetch sees losses widen to £34m

Daily Mail - Tue, 11/14/2017 - 23:52
Farfetch operates like Deliveroo for fashion, but owns no shops or even an inventory. Sales increased to £151m from £87m but the firm warned business could be hit as more retailers move online.

Ex-Tesco boss Sir Terry Leahy quits B&M after five years

Daily Mail - Tue, 11/14/2017 - 23:50
His departure comes as B&M posted soaring half-year sales and profits – thanks to new store openings and the acquisition of frozen food retailer Heron Foods.

Vodafone blast over BT broadband rip-off

Daily Mail - Tue, 11/14/2017 - 23:44
In an explosive intervention, Vittorio Colao spoke out against the poor service and high prices he said were provided by BT’s network arm, Openreach.

New chief faces ITV drama as ad sales slide 7% 

Daily Mail - Tue, 11/14/2017 - 23:36
New ITV boss Carolyn McCall will leave EasyJet in January to take on her new role. The firm said total earnings were down 1 per cent to £2.1billion in the first nine months of the year.

MARKET REPORT: Housebuilders back in favour

Daily Mail - Tue, 11/14/2017 - 23:35
Shares in McCarthy & Stone shot up by 6.7 per cent, or 9.8p, to 157p, as the retirement housebuilder’s full-year results pointed to a strong forward order book for 2018.

Hamish McRae: British politics divide the young and old

Daily Mail - Tue, 11/14/2017 - 23:14
Millennials feel grumpy that they have worse prospects than baby-boomers. Baby-boomers feel the young should stop moaning because things were tougher for them.

HSBC pays £269m to settle Swiss tax scandal

Daily Mail - Tue, 11/14/2017 - 23:12
It follows a long-running scandal over the lender’s operation in Switzerland, which began in 2008 when former employee Herve Falciani fled to France with a dossier of files.

CITY DIARY: Did LSE chairman force chief exec out?

Daily Mail - Tue, 11/14/2017 - 23:04
Just what went on between London Stock Exchange chairman Donald Brydon and chief executive Xavier Rolet which has resulted in the latter's departure?

Go Compare jumps 10% after it rejects £460m Zoopla bid

Daily Mail - Tue, 11/14/2017 - 23:03
Go Compare, known for its adverts featuring fictional opera singer Gio Compario (pictured), said the 110p-a-share offer 'fundamentally undervalues' the company.

Backlash as Tesco deal gets all-clear

Daily Mail - Tue, 11/14/2017 - 23:03
A war of words broke out last night after regulators approved Tesco’s merger with Booker. Leading wholesalers warned the tie-up up would destroy their businesses and put thousands of jobs at risk.

Inflation stays at a five-year high of 3%

Daily Mail - Tue, 11/14/2017 - 22:43
The Office for National Statistics said the rise in food prices is driving inflation with food, drink, alcohol all more expensive this year than last year.

End of the line for mortgage rates below 1%

Daily Mail - Tue, 11/14/2017 - 17:54
The Bank of England's base rate move has all but killed off rates below 1%. Figures show the lowest two-year tracker rate on offer is now 1.24%, up from 0.99% at the start of November.

Time capsule Ford Escort RS Cosworth sells for £91,000

Daily Mail - Tue, 11/14/2017 - 17:03
A Ford Escort RS Cosworth dubbed a 'time capsule' car after covering just 837 miles since 1996 has sold for £91,125 at auction.

London shares stable despite Tory political infighting

Daily Mail - Tue, 11/14/2017 - 16:54
The FTSE 100 closed slightly down - 0.76 point at 7,414.42. Inflation unexpectedly held stable in October, wrong-footing the Bank of England which had forecast it would increase further.

Can you guess the price of these homes overseas?

Daily Mail - Tue, 11/14/2017 - 16:35
If you're dreaming of one of these overseas holiday homes to escape the cold British winter, can you guess how much each one costs to buy?

Grocery inflation hits four-year high of 3.4%

Daily Mail - Tue, 11/14/2017 - 14:46
Like-for-like food inflation hit 3.4 per cent in the twelve weeks to November 5, its highest level since November 2013, with only the price of items like poultry and crisps falling in the period.
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