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Drax seeks new handout despite £300m buyback
It has been handed more than £6billion of subsidies for the power station in Selby, North Yorkshire that generates more than 4 per cent of the UK's electricity.
Birkin handbag maker Hermes bucks the trend with profit rise
The French firm's second-quarter revenue was £3.1billion, up 13 per cent year-on-year. Sales were strong everywhere but Asia.
Bank of England Governor Andrew Bailey may hold key to decision on rate cut
The nine-person Monetary Policy Committee will meet on Thursday to vote whether or not to cut for the first time in four years.
John Lewis gets go ahead to be landlord by building hundreds of flats
The group will build 353 flats at the site in Bromley, south London. It has been dabbling in endeavours aside from retail, including financial services and property services.
Co-operative Bank prepares to return to mutual ownership
The lender also completed its transformation plan which included staff cuts and a £100m IT simplification project.
MARKET REPORT: Star stock picker's exit casts gloom on Jupiter Fund Management
The FTSE 250-listed investment group reported total net outflows of £3.4billion in the six months to the end of June, up from £2.2billion at the end of last year.
ALEX BRUMMER: Chancellor Rachel Reeves must end her deceit over economy
It undermines the credibility of a Government which seeks to position itself at home and abroad as steady hands on the tiller of state.
NatWest setback as Labour kiboshes 'Tell Sid' share sale
Rachel Reeves is keen to offer the Government's £5.6billion stake to pension funds, insurers and asset managers, rather than ordinary investors, sources say.
MARKET REPORT: Centrica shares tumble as energy prices cool
Shares in the owner of British Gas fell by almost 10pc despite the London stock market bouncing back following a tech stock meltdown on Wall Street.
Convicted Libor trader Tom Hayes takes appeal to the Supreme Court
Tom Hayes, the first trader jailed for fixing key interest rates, has been granted permission to appeal against his criminal conviction at the UK's top court.
Babcock guidance on target as global defence spending boom bolsters contractor's profits
In the year ending March 2024, the company's turnover flatlined at £4.4billion but rose by 11 per cent on an organic basis thanks to good results by its land and nuclear divisions.
Drax Group shares surge as power generation firm scores higher profits
The power generation business revealed its pre-tax profits climbed by 36.6 per cent to £463.2million in the opening six months of 2024.
Babcock shrugs off legacy Royal Navy contract losses as nuclear sales power profits
Babcock said its underlying operating profits jumped by 34 per cent to £238million in the year ending March thanks to strong demand from the nuclear, land, and aviation industries.
Lloyds boss: Don't expect cheap mortgage deals as interest rates fall
The boss of Lloyds, Britain's biggest mortgage lender, has warned borrowers not to expect cheaper deals if the Bank of England cuts interest rates.
Watchdog slams HSBC 'yet again' over customer blunders
HSBC has been singled out by the competition watchdog for 'yet again' breaking rules about keeping customers informed.
NatWest to buy £2.5bn of Metro Bank mortgages as profits dip
NatWest Group has agreed to buy a £2.5billion residential mortgage portfolio from Metro Bank after the rate at which home owners repaid their loans hit profits in the first half.
BUSINESS LIVE: Lloyds ups dividend; ITV lifted by Love Island; Unilever sales disappoint
The FTSE 100 closed up 32.66 points at 8186.35. Among the firms with updates today are Lloyds, ITV, Unilever, Vodafone, BAT, BT and AstraZeneca.
British American Tobacco set to miss 2025 targets for 'new categories' smoking alternatives sales
The Dunhill and Lucky Strike owner has invested billions in recent years developing e-cigarettes, heated tobacco brands and modern oral products amidst growing demand for healthier alternatives.
Lloyds hikes dividend but profits slump as mortgages struggle and savers seek better rates
Lloyds had enjoyed bumper results as the Bank of England hiked base rate, enabling it to raise mortgage costs faster than it paid out more to savers.
The outlook for the UK economy is looking rosy, says MAGGIE PAGANO
Business confidence is up, with companies reporting the fastest manufacturing growth in two years and the strongest inflow of new orders since April last year.
MARKET REPORT: Aston Martin in fast lane as supercar sales surge
Aston Martin cruised ahead as the company cashed in on wealthy buyers snapping up supercars.
Middle class shoppers flock back to Waitrose as supermarket slashes prices
Shoppers have returned to Waitrose as troubled Asda continues to haemorrhage customers.
Gucci-owner Kering rocked by global luxury sales slowdown
Gucci's owner reported a fresh slump in sales as the storm clouds hanging over the luxury goods industry continue to darken.
BUSINESS LIVE: Aston Martin losses accelerate; Informa to buy Ascential; Reckitt strategy shake-up
The FTSE 100 closed down 13.68 points at 8153.69. Among the firms with updates today are Aston Martin, Informa, Ascential, Reckitt, EasyJet and Marston's.
EasyJet forecasts record summer as peak season profits take off
EasyJet anticipates a record-breaking summer this year after the airline posted higher profits on soaring demand.
Informa strikes deal to buy rival events organiser Ascential for £1.2bn
Under the proposed deal, Ascential investors will receive £5.68 per share, a premium of around 53 per cent to the FTSE 250 firm's closing share price on Monday.
Aston Martin losses widen and debts soar amid £2bn long-term growth investment
Aston Martin reported a bigger loss for the first half of the year, as the luxury car maker made fewer vehicles and its debts continued to climb.
LVMH boss hails 'remarkable resilience' amid luxury slowdown
LVMH is the latest luxury goods giant to be hit by a slowdown in demand for high-end fashion.
Rolls-Royce roars back into fast-growing short-haul aircraft market
Rolls-Royce has taken a major step in its return to the market for short-haul aircraft by beginning work on a smaller version of its new Ultrafan engine.
MARKET REPORT: Compass Group points north as workers return to office
Compass Group is cashing in on workers returning to office canteens and snubbing pricier High Street restaurants.
Fuller's toasts Euros boost as easing inflation lifts margins
The pub and hotel operator, which runs 332 sites across southern England, reported its like-for-like turnover grew by 5.3 per cent in the 16 weeks ending 20 July.
BUSINESS LIVE: TSB profits plummet; Mobile network licence fees review
The FTSE 100 closed down 31.41 points at 8167.37. Among firms with updates today are TSB, SThree, Compass, Fuller, Smith & Turner, Audioboom and Mitie.
Reform business rates, says Superdrug boss Peter Macnab
Like other retail chiefs, Macnab sees such change as essential to the creation of 'vibrant' shopping hubs across the country.
LVMH-backed private equity fund buys £1.5bn Bicester Village stake
A firm backed by LVMH has bought a stake in the owner of Bicester Village in a £1.5bn deal.
Audioboom eyes US listing after podcast firm takes £7m hit from iOS changes
Audioboom is considering a US listing as part of efforts to boost shareholder returns, with the group's chief executive convinced its shares are 'significantly undervalued'.
Beazley shares rebound as Lloyd's of London insurer shrugs off global tech chaos
Beazley shares regained have ground after the insurer said last week's global tech meltdown 'will not change' its full-year performance expectations.
Ofcom to review mobile network operator licence fees after BT request
The media regulator currently charges licence fees to companies like EE, Vodafone, and O2 for using three spectrum bands: 900 MHz, 1800 MHz, and 2100 MHz.
MARKET REPORT: Rentokil shares surge as ex-BT boss eyes bid
Shares in the Royal rat catcher topped the FTSE 100 leaderboard as it emerged as a takeover target.
Carpetright rescue deal puts 1,500 jobs at risk
More than 1,500 jobs are set to go at Carpetright after a rescue deal by the founding family saved only part of the company.
Harland & Wolff shipyard rescue 'too risky' for taxpayers
The Business Secretary yesterday said he was confident Royal Navy warships will be built in Belfast - despite ruling out a government rescue for troubled manufacturer Harland & Wolff.
Labour to 'call in' £3.6bn Royal Mail takeover
Labour will 'call in' the £3.6bn takeover of Royal Mail by a billionaire dubbed the Czech Sphinx, the Business Secretary said yesterday.
English winemaker Gusbourne up for sale
English winemaker Gusbourne has effectively been put up for sale.
BT fined £17.5m by Ofcom for 'catastrophic' emergency call failures
BT, which manages the 999 system, sustained a network fault on June 25, 2023, lasting more than ten hours.
BUSINESS LIVE: BT fined over 999 failings; Entain names CEO; UK dividends hit record high
The FTSE 100 closed up 43.06 at 8198.78. Among the companies with reports and trading updates today are BT Group, Entain, Vodafone and Ocado.
SMALL CAP IDEA: Destiny Pharma set to join growing list of small firms delisting
SMALL CAP IDEA: The clinical-stage biotechnology company is currently seeking a partner to advance the phase III development of its anti-infective XF-73 Nasal.
Anglo American may go cap-in-hand to new National Wealth Fund
The future of Anglo's Woodsmith project has been thrown into fresh doubt.
Ladbrokes owner Entain hires Gavin Isaacs as its next chief executive
Gavin Isaacs will join the Coral and Foxy Bingo owner on 2 September, having spent more than 25 years in the sports betting, gaming and lottery sectors.
Ocado agrees robotic warehouse deal with US retailer Kroger
Ocado's key tech business has been handed another boost after US retailer Kroger placed a 'wide-ranging' order to automate processes in its customer fulfilment centres.
Get the over-50s back to work to boost Britain's wealth, says MAGGIE PAGANO
What's ironic is that in an age when everyone is obsessed about diversity, age diversity hardly gets a look-in.
Profits NOT cancelled as dramas boost ITV
The FTSE 100 company has banked on the success of the advertising-funded platform ITV X, which can be viewed ad-free for a subscription.
Post Office in turmoil as top lawyer Ben Foat steps back
Ben Foat has taken a leave of absence on full pay from his role as the group's general counsel - the top in-house legal role at the taxpayer-owned organisation.
U.S. tech giants set to bank 'monster' £82bn earnings
The 'Magnificent Seven' - Meta, Amazon, Microsoft, Alphabet, Nvidia, Tesla and Apple - are expected to post sales totalling £365billion and profits of £81.9billion.
Leonardo pitches for £1bn MoD deal to replace Puma helicopters
The Italian-owned firm is battling with rivals Airbus and America's Lockheed Martin for the Ministry of Defence contract.
Rentokil a target as Philip Jansen eyes private equity takeover
Jansen is seeking private equity funding for a deal that would see him become executive chairman.
Ex-Asos chief Nick Beighton joins Shein backlash
Nick Beighton is the latest industry figure to raise questions about the Singapore-based firm.
Former BT boss eyes bid to trap rat-catcher Rentokil
Philip Jansen is seeking private equity funding for a deal that would see him become executive chairman.
Hargreaves Lansdown suitors given extra time to finalise £5.4bn takeover offer
The private equity consortium behind a potential £5.4bn takeover of London-listed trading platform Hargreaves Lansdown has been given more time.
Rolls-Royce cashing in on Shein boom via air cargo market
Demand for air freight capacity is soaring as shoppers increasingly want clothes and other goods delivered from overseas within days rather than weeks.
Harland & Wolff boss John Wood quits in funding crisis
It said that chief executive John Wood (pictured) was 'taking a leave of absence' with immediate effect.
IT meltdown wreaks havoc on markets: CrowdStrike falls as much as 20%
Stock markets were firmly in the red after a global IT outage sparked chaos in financial centres across the world.
Praxis considering takeover of shopping centre owner Capital & Regional
Praxis said it was looking at a cash offer for the listed real estate investment trust.
MARKET REPORT: Burberry slumps 7.2% in chequered week for label
The British luxury label nursed more losses just days after scrapping its dividend, issuing a profit warning and axing its chief executive.
London Stock Exchange hit by global IT outage
A statement on the LSE Group's website said the service was 'experiencing a 3rd party global technical issue, preventing news from being published.'
Company insolvencies up 16% last month as cost pressures continue to bite
Company insolvencies across England and Wales soared 16% last month as firms continue to struggle against cost pressures and weaker consumer spending.
Retail sales slump as cold weather and general election hits spending
The latest Office for National Statistics figures showed sales volumes declined by 1.2 per cent in June, more than twice the 0.5 per cent reduction predicted by analysts.
Online pensions app Pensionbee expands into the U.S. market
Pensionbee, led by chief exec Romi Savova (pictured), confirmed its US subsidiary has been registered with the US Securities and Exchange Commission.
Lenders must mend their ways over debanking: Watchdog issues verdict on Farage's bust-up with Coutts
The review followed a row last year when Coutts, the private banking arm of NatWest, closed Reform part leader Nigel Farage's bank account.
Netflix lures 8m new subscribers as it cashes in on its password sharing crackdown
Netflix now has over 278m subscribers watching shows including Scoop, which stars Gillian Anderson (pictured), and Baby Reindeer.
New Labour laws 'won't get Britain working', business leaders warn
Liz Kendall, the new work and pensions secretary, said Britain faced 'spiralling' economic inactivity as well as an uptick in unemployment.
HSBC's Canary Wharf 'Tower of doom' to get a makeover in bid to attract new tenants
The Canary Wharf Group yesterday unveiled how it plans to refresh the 42-storey building in three years time, when the bank will move out.
Meta takes shine to Ray-Ban maker Essilor Luxottica as the tech giant continues to push its VR sunglasses
Facebook-owner Meta and Ray-ban have worked together for the last three years when they launched Meta smart glasses (pictured).
Business rates are holding us back, says Frasers' boss Michael Murray
Murray (pictured with wife Anna) who is Mike Ashley's son-in-law, made the remarks as he heralded a 'breakout year' for the Sports Direct owner.
Record number of postal votes give Royal Mail an election bonus
Royal Mail's owner International Distribution Services said revenues from letters hit £985m in the three months to the end of June.
MARKET REPORT: William Hill profits hit by online betting slump
William Hill-owner Evoke, formerly known as 888, warned profits in the first half of the year are between £35m and £40m below its expectations.
BUSINESS LIVE: Wage growth eases; IDS boosted by election deliveries; Frasers profits soar
The FTSE 100 closed up 17.43 points at 8204.89. Among the firms with updates today are IDS, Frasers, AJ Bell, Dunelm, Evoke and Premier Foods.
William Hill owner's shares plummet following profit warning
The firm's share price was 12.8 per cent down at 75.3p at 12:30pm after it told investors that first-half adjusted earnings before nasties would be around £35million to £40million 'behind plan....
'We're committed to the high street', says Frasers boss as profits soar
Michael Murray, the boss of Frasers, told MailOnline and This is Money that the retailer has a plan 'which is working.'
AJ Bell assets up 20% to almost £84bn as it tempts more investors
The DIY investment company revealed assets under administration at its platform business climbed to a record £83.7billion in the three months ending June.
Body Shop rescue on the cards from British cosmetics tycoon Mike Jatania
Mike Jatania (pictured with wife Sonal) has started due diligence checks, according to a statement from his company Auréa and administrators FRP Advisory.
Nationwide to plough cash in to Virgin Money to bring its customer service and IT systems up to scratch
Nationwide, led by chief exec Debbie Crosbie (pictured) and owned by its 16m members, is buying stock-market-listed lender Virgin Money for £2.9bn.
Pound hits $1.30 for first time in a year after inflation dents interest rate cut hopes
Official figures showed inflation held firm at 2% - the Bank of England target - in June. But economists had expected it to fall to 1.9%.
'Queen of Shops' Mary Portas calls on the stock exchange to block £50bn Shein float
Portas (pictured with Rachel Reeves), who is known as 'Mary Queen of Shops' after her TV show, joined the launch of a 'Say No to Shein' campaign.
Pernod ditches wine brands including Jacob's Creek and Campo Viejo as it doubles down on spirits
The drinks giant will offload parts of its wine portfolio to the owners of Australia's Accolade Wines. It did not disclose the value of the deal.
Labour hasn't blocked our £200m lifeline insists Titanic shipyard Harland & Wolff
In an update to the stock market, the Belfast group said no decision has been made by the Government about guaranteeing a loan to keep it afloat.
MARKET REPORT: Rout wipes £260 billion off trio of US tech titans
Shares in Apple dropped more than 2% while Microsoft fell 1% and Nvidia was down more than 6%. On Wall Street the Nasdaq fell 2.8%.
BUSINESS LIVE: Inflation holds at 2%; Reckitt shaken by tornado; Babcock powered by nuclear
The FTSE 100 closed up 22.56 points at 8187.46. Among the companies with reports and trading updates today are Reckitt Benckiser, Babcock International and Mitie.
Mitie acquires high voltage electrical engineering firm in £8.5m deal
Mitie said the acquisition will enhance its expertise in the growing high voltage power connections market.
Base rate cut in August 'on a knife edge' as inflation holds at 2%
Investors scaled back bets on an August Bank of England base rate cut after fresh data showed signs of persistent inflation pressures in some areas of the economy.
Keep the faith! Ocado boss in rallying cry to investors after 90% share fall
Ocado boss Tim Steiner (pictured with partner Patrycja Pyka) said investors should have belief in the online supermarket and technology firm.
MARKET REPORT: Luxury stocks fall even further out of fashion
On another bleak day for the sector, Cartier owner Richemont and Hugo Boss became the latest fashion brands to sound the alarm over weak demand.
BUSINESS LIVE: Ofwat enforcement against four firms; Ocado losses narrow; B&M sales near £1.4bn
The FTSE 100 closed down 18.06 points at 8164.90. Among the firms with updates are Ocado, B&M European Value Retail, Brickability, Sosandar and Home REIT.
Home REIT opts for 'managed wind-down' amid debts and regulatory probe
Home REIT is set for a 'managed wind-down' in an attempt to secure shareholder redress after two years marred by scandal and financial difficulty.
Experian boosted by bumper growth in North America
The FTSE 100 company revealed that its organic turnover from ongoing activities rose by 7 per cent at constant exchange rates in the three months ending June.
Ofwat launches sewage probes into four more water companies
Ofwat has given formal notices to Severn Trent, United Utilities, Dŵr Cymru Welsh Water, and Hafren Dyfrdwy to obtain evidence for its investigation.
Trump £1bn richer as Truth Social shares soar after failed assassination attempt
The former president is being tipped for a landslide election victory in November after a gunman opened fire at a rally on Saturday.
Bonuses up 17% at Goldman Sachs as profits are boosted by a recovery in dealmaking
Goldman, which employs roughly 45,000 people globally, said compensation and benefits for its 40,000 staff rose by more than 17% to £3.3bn in total.
Burberry boss ousted after sales slump: Shares crash to lowest level since 2010
Burberry said Jonathan Akeroyd (pictured with supermodel Naomi Campbell) will be replaced by former Jimmy Choo chief Joshua Schulman.
Blow for Labour as staffing issues threaten housebuilding targets
Keir Starmer has pledged to reform the planning system and set compulsory targets for councils to ensure 1.5m new houses are built in the next five years.
Reeves urged to simplify Isas to boost investment in the economy
AJ Bell is calling for the number of types of ISAs to be radically slimmed down while rival Hargreaves said the market needs to be 'as simple as possible'.
Swatch shares fall to lowest level in four years as watch maker is hit by China slowdown
Swatch, whose brand ambassadors include Cindy Crawford and her daughter Kaia Gerber (pictured), blamed the fall on weak demand from Chinese shoppers.
Cut rates to stop squeeze on living standards, says top Bank of England official
Swati Dhingra (pictured), who sits on the nine-strong monetary policy committee that sets rates, has been voting for cuts since February.
MARKET REPORT: Ocado tumbles 10% as 'last bull' gives up hope
Just a day before its half-year results, Ocado plunged 10.4%, or 39.60p, to 340.40p on its worst day on the stock market for two years.
BUSINESS LIVE: Burberry profit warning; Robert Walters fees sink; House prices fall
The FTSE 100 closed down 69.95 points at 8182.96. Among the companies with reports and trading updates today are Burberry and Robert Walters.
SMALL CAP IDEA: AFC Energy has identified a lucrative niche with its H-Power generators
SMALL CAP IDEA: AFC Energy distinguishes itself for its clear focus on a niche-displacing diesel
Burberry replaces CEO amid profit warning and dividend suspension
The fashion brand's shares dived by 14.2 per cent to 760.6p in early trading, making them the FTSE 100's biggest faller by some distance.
Ex-Scottish Mortgage star says Nvidia can hit £40trillion
That would make it worth more than the combined market value of the S&P 500, an index of the biggest US-listed firms.
Robert Walters suffers global jobs market slowdown
Robert Walters has revealed a drop in quarterly net fees, as the recruitment firm continues to suffer a 'rebasing in market conditions relative to the post-pandemic peak'.
In fashion! Bumper profits on the way for Frasers Group
Much of the group's success is still owed to Sports Direct, which Ashley founded in 1982.
North Sea oil giant Harbour Energy stays in Vietnam
Harbour Energy announced the deal with Vietnamese group Big Energy last year and expected to complete it by this summer.
MPs hit back as Royal Mail axes all postal trains
The move sparked fierce opposition from unions, politicians and freight industry leaders over concerns about jobs.
Reeves under pressure to name new rate-setter at Bank of England
Rachel Reeves is under pressure to appoint a new member to the Bank of England's rate-setting Monetary Policy Committee after the process was delayed by the election.
Rightmove's rule is no longer safe as houses, say hedge funds
Powerful hedge funds appear to believe the Rightmove's dominance may be under threat from rival Onthemarket which is receiving huge investment from CoStar, its US owner.
Scrap stamp duty on shares, says Jupiter Asset Management
Matt Beesley, chief executive of Jupiter Asset Management, said there was an 'urgent need' for ministers to encourage stock market investment.
Is Labour putting the shine back into Shein with London-listing on the cards?
Donald Tang, Shein's charismatic executive chairman, took the precaution of winning buy-in for a flotation.
CITY WHISPERS: Rishi's tourist tax is so last season, darling
British Fashion Council chairman David Pemsel wasted no time in reviving the campaign to scrap the tourist tax now there is a new Government.
RELX: The £66bn superhero share you've never heard of
RELX is Britain's sixth largest stock market-listed company, employing 6,000 people in the UK. It has achieved consistently good results thanks to a straightforward formula.
Tata Steel deal in sight as future of Port Talbot plant hangs in the balance
Labour is working to seal a deal - potentially within weeks - allowing Tata to stop traditional steelmaking while protecting as many jobs as possible.
Bridgerton love-in boosts Netflix profits
The number of new customers boomed at the start of the year when the firm made it harder to share accounts between friends and family,
Carpetright in race for lifeline as it teeters on brink of collapse
The struggling flooring retailer, which has 272 stores and 1,852 staff in the UK, said a turnaround bid suffered a major setback after a cyber attack in April.
Swiftflation headache for the Bank of England
'Swifties' - the singer's fans - spent hugely on tickets, travel and hotels on her June dates, a measure Bank officials worry about even though inflation has fallen to 2 per cent.
Investor fury as lacklustre Burberry slumps
Burberry is facing flak from angry investors over its fashion ranges and the vertiginous decline in its share price which some fear could make it vulnerable to a takeover.
Unilever plans to cut up to 3,200 jobs as consumer goods giant's new chief executive seeks to turn it around
The struggling conglomerate has come under pressure from shareholders including activist Nelson Peltz to boost growth.
MARKET REPORT: FTSE 250 hits two-year high as economy booms
London's mid-cap stock index reached its strongest level since April 2022, rising 0.1 per cent, or 13.98 points, to 21,202.89.
British AI chipmaker Graphcore acquired by Japan's Softbank
Bristol-headquartered Graphcore was once touted as potential rival to chip behemoth Nvidia, but has struggled to compete with larger rivals due to a shortfall in funding.
MARKET REPORT: Trustpilot shares given thumbs down by investors
Trustpilot, which was set up in 2007 to provide a platform for users to post reviews about businesses and shop around for the best deals, reported a strong first half of the year.
Shares in water firms soar as regulator rules they can hike bills by £19 a year
As Ofwat put Thames Water into special measures shares in rivals Severn Trent rose 3.7%, United Utilities added 2.6% and Pennon surged 9.7%.
Savings put Dr Martens on a stable footing as boot maker says trading is on track
In an update ahead of its annual meeting with shareholders, Dr Martens aid business since the start of its financial year in April 'has been in line with expectations'.
Poundland sales sink as disruption in the Red Sea leaves summer shelves bare
Poundland owner Pepcosaid cargo had to travel a different way to Europe due to attacks by Houthi rebels in the Red Sea this year.
Pound rallies to its highest level in a year as strong economic growth dents rate cut hopes
As the Office for National Statistics revealed output is rising at the fastest pace for two years, sterling climbed by a cent to as high as $1.2947.
Autonomy finance chief banned as an accountant in the UK
Sushovan Hussain has already been suspended from the profession and will be barred until at least November 2038, said the Financial Reporting Council.
Posh perfume boss who supplies Harrods under investigation for selling products to Russia
David Crisp, ex-chief exec of Boadicea the Victorious, whose bottles of scent sell for almost £1,000, is suspected of sanction breaches by the taxman.
Former financier boss Sung Kook 'Bill' Hwang found guilty of fraud
Hwang (pictured), the founder of Archegos Capital Management, was convicted on 10 of 11 criminal counts in a New York court.
Airline passengers set to enjoy cheaper fares as Heathrow is told to cut landing fees
The regulator said charges will fall to £23.73 per passenger in 2025 and £23.71 in 2026. Previously proposed caps were £25.24 and £25.28 respectively.
Titanic shipyard Harland & Wolff pleads for £200m bailout
The 162-year-old shipyard is seeking to borrow cash from a consortium of UK banks but needs the Government to act as guarantor.
Raiders make millions in Melrose Mark II's City float: Rosebank shares soar on debut
Among the winners are Melrose co-founders Simon Peckham and Christopher Miller (pictured) who are Rosebank's chief exec and senior independent director.
Water shares soar as watchdog lines up record £88bn funding package
Shares in London-listed water companies jumped on Thursday after regulator Ofwat proposed a record £88billion 'upgrade package'.
Travis Perkins names ex-Taylor Wimpey boss Pete Redfern as its next CEO
Redfern is replacing Nick Roberts, who is standing down after a deeply challenging period for Britain's biggest building materials supplier.
BUSINESS LIVE: GDP grows 0.4%; Ofwat outlines spending package; Heathrow passenger fees cap
Among the companies with reports and trading updates today are Heathrow Airport, Jet2, Hays, MJ Gleeson and Nightcap.
MJ Gleeson prepares for government's housebuilding push after 'less vigorous' sales
MJ Gleeson expects its full-year results to come in in line with market forecasts. The annual operating profit for its homes division is expected to come in at around £30m.
Labour urged to intervene as Royal Mail axes fleet of trains
International Distribution Services - which owns the 508-year-old postal service - yesterday confirmed it will scrap rail freight in October and sell its trains.
Direct Line to start selling own-brand policies on price comparison websites
Direct Line has until now prided itself on dealing with customers directly rather than via portals such as Money Supermarket and Confused.
London Stock Exchange hails shake-up of listing rules as City launches float fightback
The long-awaited changes by the Financial Conduct Authority form part of efforts to revive the UK's status as a stock market venue.
Reeves must cut tax to level the playing field between the shops and pubs, says Wetherspoon boss
Sir Tim Martin (pictured) praised the 'Bank of England pedigree' of the new Chancellor and said he hoped she would make changes to help hospitality.
Taiwanese chip maker TSMC rakes in £16bn of sales as it cashes in on the AI boom
The group, which supplies semiconductor chips to the likes of Apple and Nvidia, raked in sales of £16bn in the three months to the end of June.
Microsoft quits OpenAI board as regulators crack down on the influence of Big Tech
The US group, which has invested £10bn in the maker of the artificial intelligence chatbot ChatGPT, said it would leave its role with immediate effect.
MARKET REPORT: Travel stocks ascend as Britons take to the skies
On a steady day of gains, the FTSE 100 rose 0.6%, or 44.86 points, to 8184.67 and the FTSE 250 was up 1.1%, or 224.14 points, to 20,869.16.
Now South East Water says it's running out of cash
Executives from Thames Water, South East Water and Severn Trent are among those summoned to meet new environment secretary Steve Reed.
Bank of England chief economist Huw Pill dents rate cut hopes despite falling inflation
Pill (pictured) said underlying signs of inflation pressure showed 'uncomfortable strength' despite headline inflation falling to its 2% target.
BUSINESS LIVE: Travis Perkins names new CEO; Direct Line divi boost; Barratt to build fewer homes
The FTSE 100 closed up 53.70 points at 8193.51. Among the companies with updates today are Travis Perkins, Direct Line, Barratt, J D Wetherspoon and Liontrust.
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