In the space of a few years, Sanjeev Gupta has emerged from obscurity to become a leading industrialist dubbed the ‘saviour of UK steel’. His sights are now on the steel assets of Europe’s second-largest producer, German giant Thyssenkrupp. And there are reports that he will make an offer for the ailing Port Talbot steelworks … Read more
ALEX BRUMMER: It may be hard to feel sorry for Philip Green but is it fair to single him out over pension deficits? By Alex Brummer for the Daily Mail Published: 21:50 GMT, 30 November 2020 | Updated: 22:07 GMT, 30 November 2020 The political clamour for Philip Green to pay up and make good … Read more
The Royal Mint has started the countdown to Christmas by launching a new range of festive 50p coins featuring the characters from the iconic film The Snowman. It means the titular character from the 1982 movie and his friend James have found themselves on a Christmas coin for the third successive year, after the Mint … Read more
New boss at Lloyds in line for a £5.6m pay package: HSBC wealth wizard Charlie Nunn picked to succeed Antonio Horta-Osorio By Lucy White For The Daily Mail Published: 21:50 GMT, 30 November 2020 | Updated: 22:08 GMT, 30 November 2020 A father of four who grew up in a village outside Southampton is set … Read more
AA’s biggest investors in conflict over private equity firms’ £218m offer for the debt-ridden breakdown firm By Daily Mail City & Finance Reporter Published: 21:50 GMT, 30 November 2020 | Updated: 22:08 GMT, 30 November 2020 A battle over the AA’s future has broken out after its two top shareholders took opposite sides on a … Read more
London’s two oil majors racked up a day of heavy losses as traders nervously eyed the oil market. Oil prices tumbled after the biggest organisation of crude-producing countries, Opec+, failed on Sunday to reach a consensus about whether to extend the deep output cuts that have helped to buoy the market. Prices crashed at the … Read more
‘At the beginning of the Covid crisis we decided that we should put some more money into precious metals,’ says Trevor Steel of Baker Steel Resources Trust. Back then that was a bolder decision than hindsight makes it seem now. But sometimes you just need to hold your nerve. Baker Steel had ready cash to … Read more
Pets at Home buys The Vet Connection for £15m after reporting strong results thanks to pandemic pet boom Surrey-headquartered TVC describes itself as ‘the leading telehealth provider’ Pets at Home stores this year have benefited from being classed as ‘essential’ By Harry Wise For This Is Money Published: 16:10 GMT, 30 November 2020 | Updated: … Read more
The charge to use the M6 Toll road from later this week will increase by up to 30p per journey. From Friday 4 December, operators will hike the peak-hours weekday charge for those at the wheel of passenger cars to £6.90 – a rise of 20p – and weekend trips will jump from £5.60 to … Read more
Treasury officials are poised to advise the Chancellor to extend the stamp duty holiday to avoid the collapse of thousands of housing transactions in the new year, This is Money understands. Mortgages are being approved today on the basis that no stamp duty will be payable but experts say transactions are taking months to complete … Read more