News

ALEX BRUMMER: Only people making money in many sub-performing funds are managers

Today

They enjoy personal rewards, which most of the corporate world can only dream of. This might be more acceptable were the managers and platform operators transparent with clients.

Shares in biotechnology firm Novacyt rocket to record high after it launches test for coronavirus

Today

The company believes this is the only test for the virus - which has killed more than 1,300 people in China since the outbreak began in December - that has gained the CE-Mark rubber stamp.

Moneybarn pays more than £30m to customers after failing to treat them fairly

Today

The car finance firm, owned by Provident Financial, handed the money to 5,933 customers potentially affected by the breaches, which occurred between April 1, 2014 and October 4, 2017.

MARKET REPORT: Shine comes off Petra Diamonds shares as it is rattled by lower diamond prices

Today

Revenue at the small-cap mining group, which digs for diamonds in South Africa and Tanzania, fell to £149m in the six months to December 31, down from £159m the year before.

Style-conscious shoppers buy floaty dresses from labels like Ganni or Kitri, not Laura Ashley

Today

Puffy sleeves, pie-crust collars, gathered skirts and pretty sprigged flower prints: in its 1980s heyday, Laura Ashley was a huge success. But the business has been a shadow of its former self for years.

One of Britain's best-known fund managers and key allies about to share windfall of up to £39m

Today

Richard Buxton, who led the spin-out of Merian from Old Mutual in 2018, will together with four colleagues take a 1 per cent stake in asset manager Jupiter, currently worth £19m.

Japan teetering on brink of recession after output shrinks at fastest pace for nearly six years

Today

Gross domestic product fell at an annual rate of 6.3 per cent in the final three months of 2019. Another quarter of contraction at the start of 2020 would leave the country in recession.

NMC crisis deepens as founder quits: Chairman followed by two more directors in boardroom exodus

Today

In the latest move to rock the FTSE 100 hospital operator, joint chairman Bavaguthu Raghuram Shetty resigned. His exit was said to have been demanded by NMC's board.

Chip-maker Nanoco launches legal battle against Samsung for allegedly stealing its technology

Today

Nanoco claims the electronics titan created specialist quantum dots - tiny components used to enhance television displays - using Nanoco's unique patented techniques.

French takeover of Bombardier's rail business could put British jobs at risk

Today

Alstom has agreed to buy Bombardier Transport after talks between the firms. Alstom said it intended to make the division more profitable, partly by wringing out more than £333m in savings.

British families more confident about their finances than at any time since financial crisis

Today

In a further sign that the economy has picked up since the General Election, IHS Markit said its household finance index rose from 44.6 in January to 47.6 in February.

NS&I slashes interest rates and Premium Bond prizes affecting 25m savers

Today

As many as 25million savers could see their returns slashed from May as National Savings & Investments announced it is taking the knife to its savings accounts and Premium Bonds.

RUTH SUNDERLAND: Disconcerting to see uncertainty in the boardrooms of our High Street lenders

Today

British banking is at a tipping point. Twelve years on from the financial crisis, the Big Four lenders have survived but neither their share prices nor their reputations have recovered.

What does II's takeover of Share Centre mean for customers

Today

Interactive Investor's determination to take the DIY investing fight to the UK's leading platform Hargreaves Lansdown was signalled again as it bought out a rival.

Six ways to make sure your jewellery is protected by insurers

Today

Households are more likely to claim for theft or loss of jewellery in the winter months. Lloyds is urging those with pricey jewels to take measures to protect their new jewellery as soon as they can.

II snaps-up Share Centre but investors get paid in unlisted shares

Today

Under the deal, The Share Centre investors will receive 41p in a combination of cash and shares, which is a 40 per cent premium to its closing price of 29p on Friday.

Footwear retailer Shoe Zone warns a fifth of stores will close if business rates are not overhauled

Today

Footwear retailer Shoe Zone has warned it may have to shut down a fifth of its stores, or about 100, if the Government does not reform business rates.

Could an inheritance tax overhaul hit Bank of Mum and Dad?

Today

Proposed changes to inheritance tax could make it more costly to help children onto the housing ladder, with a proposed 10% tax levied on sums above £30,000 given away each year.

SMALL CAP SHARE IDEAS: Caledonia Mining sets stage for next decade with Blanket gold mine expansion

Today

Caledonia Mining has been on the rise recently but there is a good case for arguing this is only the start for the gold group's share price.

Spotify hacking: How has someone taken over my music?

Today

I was listening to music on my Spotify account when I found it had been taken over by someone else and I couldn't listen to my own music. How was someone able to get access to my account?

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