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BREAKING
11m British travellers heading to France face chaos amid general strike
15m London house prices increased by just 0.1 per cent in year to March
4m Labour opens up record lead over Tories in London
1h London NHS Trust cancels non-urgent care during junior doctors’ strike
2h NHS to offer ‘ground-breaking’ new drug for breast and prostate cancer
2h Joe Biden accepts invite from King Charles for state visit
Business
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Business News

Energy giant Shell expects boost in gas production

The London-listed firm said liquid gas production would also be higher in the first quarter of this year.
Business

Tree simple steps to fight climate change

How two 26-year-old entrepreneurs are changing the world, one tree at a time

Small Business

London jeweller Vashi goes bust

Vashi has four jewellery stores in London

Business News

Ministers distance themselves from scandal-hit CBI

The Treasury and the Department for Business and Trade have suspended engagement with the Confederation of British Industry.
Money

Drivers warned to watch out for new twist to ‘crash for cash’ scams

Police believe hundreds of cases may be going unreported and are working to raise awareness.
Business News

Ladbrokes owner Entain buys sport media firm 365scores

Entain said it will pay an initial consideration of around 150 million US dollars (approximately £120 million) for the business.
Money

‘Last-minute dash’ to make Isa arrangements ahead of new tax year on Thursday

Savers are making the most of their allowances and putting final arrangements in place ahead of the 2023-24 tax year, which starts on April 6.
Business

Electric vehicles drive new car surge and boost Lookers profits

287,825 vehicles were delivered in March, a month which typically sets the tone for the year ahead

ES MoneyMore
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Media

Rupert Murdoch calls of engagement: How many times has he married?

Rupert Murdoch calls off engagement to Ann Lesley Smith with wedding only months away

Business

Franco Manca owner Fulham Shore to be bought by Japanese firm Toridoll

The offer for the 11-year-old firm, named after restauranteur David Page’s father’s love of Fulham FC, represents a premium of approximately 34.8% from the share closing price yesterday

Business

If London wants to lead on crypto trading, we’ll need better rules

City Voices: London can’t just stand still. Can crypto be the way forward?

Business News

Sterling rally helps drag London stocks into negative territory

The internationally-focused FTSE 100 broke its six-day streak of gains, closing 0.5% lower.
Business

Apollo makes £1.7 billion final offer for engineer John Wood Group

Apollo had already submitted four previous bids, which Wood’s board say “undervalue the group”

Business News

Elisabeth Murdoch’s Sister buys stake in Richard Bacon’s Yes Yes Media

Yes Yes Media also counts Friends actress Courteney Cox and Snow Patrol musician Johnny McDaid among its backers.
Business

JPMorgan Chase boss: banking crisis is ‘not yet over’

The CEO of America’s biggest bank said the US Federal Reserve should take some of the blame for the sector’s recent troubles

Business News

Credit Suisse boss saddened by bank’s collapse fuelled by ‘unfounded rumours’

Chief executive Ulrich Korner said it was a matter of ‘deep personal regret’ that he could not revive the beleaguered lender.
Business

The City needs a fresh champion like Nigel Lawson

City Comment: The huge influx of foreign money that flooded into London in the wake of Big Bang marked the start of a Golden Age for the capital

Business

Rathbones and Investec arm link in City wealth manager mega-merger

Staff will fear job cuts as CEO Paul Stockton said some kind of changes would be “inevitable”

Comment

The SVB affair was a near-miss for UK tech: what do we know now?

How big a role should heritage banks play in the ultra-modern tech finance world?

Business News

Gupta-linked bank Wyelands escapes £8.5m fine for series of failures

The Bank of England said it would not fine Wyelands Bank because it is in the process of winding down and has ‘very limited financial resources’.
Business

Virgin Orbit files for bankruptcy

Richard Branson’s satellite business had suffered a series of setbacks including a failed rocket launch attempt and a funding crisis

Business News

Rathbones snaps up Investec wealth business in £839m deal

The combined wealth management businesses will have about £100 billion in funds under management.
Money

1m households claiming tax credits to receive cost-of-living payments from May 2

The £301 government payment will be transferred automatically into most customers’ bank accounts between May 2 and 9 2023, HMRC has confirmed.
Business

First quarter London office sales slump as mini-budget keeps hurting

Property agent JLL forecasts £2.1 billion was transacted in the first quarter of 2023 across the Central London office market

Insider

Euan Blair: how the former PM’s son won over America’s richest family

The Yale graduate’s apprenticeship startup Multiverse has just secured the backing of the Walmart owners in a deal that values his fortune at £345 million. Katie Strick charts the making of the nepo baby tipped to become a billionaire

Business

Saga cruise arm rebounds, but takes £269m hit from insurance arm

The company said a competitive motor insurance market and regulatory changes had affected both its home and car insurance businesses.

Money

Jump in investors turning to gold amid wider market uncertainties

Younger adults in particular have increased their volume of gold purchases, according to the Royal Mint.
Business News

FTSE boosted by energy stocks as oil prices spike

The FTSE 100 grazed the 7,700 mark on Monday, and closed 41.26 points higher, or 0.54%, at 7,673.
Business

One in seven homes sold in London fetched more than £1 million

Wandsworth had more seven-figure homes than any other borough

Business

Fear of layoffs as City slowdown hits brokers large and small

Peel Hunt, Numis and WH Ireland all showed the stress they are under today

Business News

Passport Office staff paid less than supermarket workers, claims union

Public and Commercial Services union members are staging a five-week walkout at the Passport Office.
Business

‘We need to be better,’ CEO of Peabody Trust says as merger closes

“We know we need to improve and have detailed plans to do so,” he said

Business News

Business group CBI ‘investigating’ allegations of sexual misconduct

The Guardian reported that one woman alleged she was raped at a staff party.
Business News

John Lewis advert with dragon did not infringe author’s copyright, judge rules

Fay Evans brought legal action against the retailer and advertising agency adam&eveDDB; over the 2019 John Lewis Christmas advert and a spin-off book.
Business

AI firm C3 ditches Paris HQ for London

The firm said the relocation reflects its ambitions to seize on growth opportunities in the UK

Money

Premium Bond prize rate increased: How to find out if you’ve won

The Premium Bonds prize-rate fund has been increased from 3.15% to 3.30%