News

BUSINESS LIVE: Metro Bank to slash workforce; Dr Martens sales slump; Mulberry suffers luxury slowdown

Today

The FTSE 100 closed up 30.29 points at 7453.75. Among the companies with updates today are Metro Bank, Dr Martens, Mulberry, Mitchells & Butlers and Zoo Digital Group.

Mitchells & Butlers profits slide amid cost headwinds

Today

Mitchells & Butlers revealed operating profits slumped by £26million to £98million in the 53 weeks ending September because of high energy and food costs.

I've got an interest-only mortgage - and no way to pay it off: LUNCH MONEY

Today

We look how bad the interest-only crunch can be for borrowers, how big a problem this is and what people can do. Plus, greedflation and can the gold price keep rising?

Farewell to Charlie Munger, 99: The investing wisdom of Buffett's backseat driver

Today

Charlie Munger (pictured) died, aged 99, on Tuesday, leading to an outpouring of tributes from businessmen, financiers and politicians.

The UK's 30 house price hotspots of 2023 revealed

Today

The average home has lost thousands over the past 12 months and is predicted to fall by a further £25,000 by the end of 2024.

Barclays cuts mortgage rates to offer best-buy five-year fix

Today

The move by Barclays comes in the aftermath of a flurry of rate cuts over the past week that has seen mortgage lenders reprice on a daily basis.

Anger over OECD call to axe state pension triple lock to pay for Net Zero

Today

The OECD's proposal was immediately slapped down by Rishi Sunak's spokesman, who said the Government is 'very clearly committed' to the triple lock

What is the state pension triple lock - and why is it due to rise £902?

Today

The triple lock pledge has become mired in controversy in recent years, but the government has promised to stick to it and deliver an 8.5 per cent rise in April 2024.

Online Fraud Charter: Tech firms pledge to stop fraud under new government measures

Today

The Government is taking measures to force tech companies such as Meta and TikTok to crack down on online fraud.

Mulberry boss calls for abolition of tourist tax

Today

Chief executive Thierry Andretta said reinstating duty-free shopping would be 'one of the most effective ways to encourage business growth' in the UK.

Should I get one-off financial advice to help me pick best funds for my £100k work pension?

Today

There are plenty of fund choices with different ongoing fees, but I'm not confident enough to pull the trigger out of fear of making a costly mistake.

Greedflation! Shoppers pay through the nose for branded items like baked beans, mayonnaise and baby formula

Today

Baby milk manufacturers stand accused of hiking prices faster than costs, piling misery on parents in the grip of a cost of living crisis.

I'm dodging maddening self-checkouts and loyalty schemes this Christmas to support independent shops, says LEE BOYCE

Today

Why does the onus now fall on us, the paying shopper, to scan items and pack bags as we're directed like sheep into a payment pen?

I have £1,300 in scrapped Tesco savings stamps - it says I can no longer swap for cash: CRANE ON THE CASE

Today

I've been given cash change for the stamps before and was saving up for a holiday - but now I've been told I can only exchange them for a Tesco voucher.

Lloyds Bank teams up with PrimaryBid to allow customers to invest in IPOs

Today

We look at how retail investors can get involved in IPOs and what is happening in the market.

ALEX BRUMMER: Lifting the lid on greedflation, pandemic profiteering and rip-off Britain

Yesterday

As the cost of living soared over the last couple of years, Bank of England officials often have been asked if there was any evidence of profiteering.

Saudi Arabia snaps up 10% of Heathrow as it steps up its investment in the UK

Yesterday

The Saudi sovereign wealth fund, whose assets include Newcastle United FC, will pay Spanish giant Ferrovial £1bn for the shares.

MARKET REPORT: Halfords issues a profit warning as bike demand goes flat

Yesterday

On a bleak day for investors, Halfords narrowed its profit forecasts, sending shares down 19.1%, or 43.6p, to 185p.

LME triumphs in £372m legal battle over nickel trading debacle

Yesterday

The London Metal Exchange was facing a £372m lawsuit after it cancelled a string nickel transactions during the chaotic episode last year.

Major Selfridges shareholder files for insolvency just weeks after selling some of its stake

Yesterday

Sigma, whose founder Rene Benko, (pictured with wife Nathalie) was ousted as chairman this month,- has been hit by high interest rates.

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