China’s richest man loses £2bn in one day after Ant Group float is blocked by Beijing By Francesca Washtell For The Daily Mail Published: 21:51 GMT, 4 November 2020 | Updated: 21:51 GMT, 4 November 2020 China’s richest man Jack Ma had more than £2billion wiped off his fortune in one day after Beijing blocked … Read more
Clarks lose control of the family shoe chain as pandemic rips through Britain’s high streets By Daily Mail City & Finance Reporter Published: 21:51 GMT, 4 November 2020 | Updated: 21:51 GMT, 4 November 2020 The founding family of Clarks shoes will lose majority ownership of the company for the first time as the pandemic … Read more
Investors were given another shot of good news from Astrazeneca on the eve of its third-quarter figures. A definitive result from in-depth trials of its potential Covid-19 vaccine could be available by the end of this year, says the trial’s chief investigator Andrew Pollard. His comments come days after Britain’s health regulator, the Medicines and … Read more
Bank of England to print an extra £100bn worth of cash as double-dip recession looms By Lucy White For The Daily Mail Published: 21:51 GMT, 4 November 2020 | Updated: 21:51 GMT, 4 November 2020 The Bank of England is set to step up its money printing programme by another £100billion today as Britain careers … Read more
Barclays foots the bill over timeshare tactics: Bank to repay interest on 1,482 loans and cancel further payments By Daily Mail City & Finance Reporter Published: 21:50 GMT, 4 November 2020 | Updated: 21:50 GMT, 4 November 2020 Barclays is to stump up millions of pounds for people who claim they were mis-sold loans for … Read more
Stobart Group hurt by falling demand at London Southend Airport which closed to passengers for three months Aviation revenues dropped by nearly half compared to a 22.5% drop in energy Stobart Group said it is looking to offload its aviation division in ‘early course’ The firm said most losses were down to its purchase of … Read more
The pound has slumped against the dollar as the US presidential election battle failed to produce an early result and looks set to continue for days. At midnight, the pound was trading at $1.315 but dropped to $1.290 earlier this morning before settling at around $1.300 in the afternoon. Leading up to election day, markets … Read more
Experts warn investors against knee-jerk reactions over unclear US election result and say market has far bigger concerns The race for presidency between Donald Trump and Joe Biden is still on, with no clear winner as vote-counting continues following a record-breaking turnout Industry experts say investors should be braced for short-term market volatility and not … Read more
There might be a new Land Rover Defender in 2020, but the old model will continue to live on – though not how we knew it. Jaguar Land Rover bought UK off-road specialist company Bowler last year and has given the green light for it to rework its legendary 4X4 into an ultimately off-road weapon. … Read more
With a fresh lockdown imposed this week, eyes will switch on Thursday from the US election outcome to the Bank of England, as its monetary policy meeting and interest rate vote concludes. The new lockdown announced at the weekend may have altered the Bank’s outlook and there are already signs that the country’s economy is … Read more