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BREAKING
6h Hundred patients evacuated as fire rips through south London hospital
04 March 2023 New powers to tackle small boats set to be announced next week
11h Ambulance worker strikes in England called off by Unite
21h Rail passengers suffer biggest fares rise in 11 years
21h Pubs, clubs and bars to stay open longer over Coronation weekend
13h Sadiq Khan plotting ‘pay-as-you-drive’ scheme using Ulez cameras
Markets
<p>Arm designs the chips used in most of the worlds smartphones and mobile devices (Alamy/PA)</p>
Business
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London loses Arm wrestle with New York

The re-listing of shares in Cambridge-based Arm Holdings will be on the Nasdaq not the FTSE

Business

Taylor Wimpey to build a third fewer homes

Chancellor meets with housing industry figures as shockwaves from 2022 mini-Budget are still being felt

Business

Beazley eyes cyber crime and space as new frontiers for insurers

FTSE 100 company backs London insurance market’s reputation for innovation

Business

Why the UK car loans may have peaked at £41 billion in 2022

Cost of living crisis hits affordability while salary sacrifice schemes drive the move to electric cars

Business

Kin & Carta shares tumble after profit warning

Shares are down 30%, but the business remains confident in its long-term outlook

Business

Is it really the time to shower a bank boss with cash?

City Comment: It’s too soon to let remuneration rip

Business

British Gas meters row adds fuel to the fire aimed at Centrica

City Comment: CEO Chris O’Shea will have to divert his energies towards restoring British Gas’s reputation before he can turn his attention to his day job

Business

Boohoo unveils new share incentive scheme with easier targets

CEO John Lyttle could net up to £50 million from the plan

Business

EY resigns as auditor for consultancy MJ Hudson amid “lost trust”

“We have lost trust and confidence in the company’s management,” the accounting giant said

Business

Teddy Sagi to take cybersecurity firm Kape private at £1.25 billion

The Kape board has not yet made a decision on whether to recommmend the offer

Business

Watches of Switzerland sales up as timepieces become investment assets

Customers buying watches as investments drive growth, but shares slide on weak jewellery sales

Business

BAT vaping division set to turn a profit a year ahead of schedule

The division is now expected to be profitable by 2024, but shares declined in early trading

Business

House market nears ‘new, natural level’ as consumer confidence returns

Redrow and Bellway both reveal recovering reservation rates as condfidence returns to mortgage market

Business

Shell under the spotlight in the City after record-breaking profit

Questions on future strategy follow huge capital return plan powered by high gas prices amid calls for windfall tax hikes

Business

Homeowners and house market on watch for signs of peak interest rates

Monetary Policy Committee set to lift base rates at high noon on Thursday

Business

Profit warning hits shares in ITM Power

One-time darling of the green energy sector issues profit warning ahead of results of wider strategic review from new CEO

Business News

Who are the big winners in £350 billion FTSE 100 rally toward record?

Some well-known UK names are in the lead as hopes grow that the economy is proving more resilient than feared

Business

Taylor Wimpey warns of further sales fall in 2023

CEO tells The Standard house prices probably peaked in September before shockwaves from the ’infamous’ mini-Budget hit the market

Business Awards

Persimmon sales slump follows crash in affordable mortgages

Housebuilder says cash cost of monthly mortgage payments doubles in a year

Business

London drivers miss out as average UK petrol price falls under £1.50

AA finds the cost of filling up at its lowest since Russia’s invasion but prices stay higher in busy areas like the capital

Business

London banker bonuses set to plunge amid stock market downturn

Average bank compensation could fall as much as 50% this year according to new estimates

Business

Government puts up £4.5 billion as Octopus Energy buys Bulb

Around 1.5 million customers have a new source of energy as controversial acquisition goes through

Business

Ukraine’s Ferrexpo reopens production line as power supplies improve

Shares in the London-listed miner lifted as it says it will meet its contractual requirements

London Live

Ukraine’s Ferrexpo reopens production line as power supplies improve

Shares in the London-listed miner lifted as it says it will meet its contractual requirements

Business

Gas prices up sixfold in six weeks as cold snap tightens grip

The Energy Price Guarantee caps the typical annual household energy bill at £2,500 and is going to cost taxpayers more

Business

Bank of England rate hike next up in blockbuster week for the economy

Will it be 0.75% or 0.50%? Thursday’s top-of-the bill rate move helps set the tone for the economy and consumers into 2023

Business Awards

Higher fast-fashion prices help Zara owner Inditex lift profits

Sales at the Spanish giant behind the millennials’ favourite fashion house reach £20 billion in the year to October 31

Business

London building boss tips longer lull but no house price fall

Berkeley Group CEO Rob Perrins says subdued market will last “longer than people think” as he stands by annual profit targets

Business

Gas price trebles in a month as Brits put the central heating back on

The energy price guarantee scheme, capping customers’ bills, is about to cost the government a whole lot more

Business

The pound’s remarkable rally from record lows takes it past $1.23

Sterling’s six month high tracks a less bleak outlook for the economy but some warn it is really a ‘dollar story’