Saudi Arabia could take control of Heathrow
By City & Finance Reporter Updated: 21:50 GMT, 10 December 2023 Saudi Arabia could become the majority owner of Heathrow Airport according to a report suggesting that fellow investors in …
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CBI cuts growth outlook to 0.8% and warns of tough year ahead
By John-Paul Ford Rojas Updated: 21:50 GMT, 10 December 2023 The Confederation of British Industry (CBI) has downgraded its growth forecast for 2024 with businesses ‘gearing up for another tough …
Home loans down 23% as rate rises bite
Lending for house buys has fallen to £130bn in 2023 – the lowest in seven years High interest rates and the cost of living take their toll Figure is expected to …
Bank of England boss says jobs data may be out by one million
Andrew Bailey revealed the figure during a recent select committee hearing It illustrates the difficulty Bank faces when judging state of the economy Discrepancies in data published by the ONS …
American buyout under fire from Addison Lee boss
By Leah Montebello Updated: 21:50 GMT, 9 December 2023 New management installed by private equity made ‘a hash’ of taxi firm Addison Lee, according to the firm’s boss, who bought …
Hammerson investor cuts stake by £55m shares
By Francesca Washtell Updated: 21:50 GMT, 9 December 2023 An activist investor in Hammerson has sold off a £55 million chunk of its stake in the shopping centre owner. Lighthouse …
Chemring profits from defence boom as Ukraine war prompts flurry of spending
By Francesca Washtell Updated: 21:50 GMT, 9 December 2023 Chemring is set to record its highest profit in about a decade, after the war in Ukraine prompted a flurry of …
Dame Sharon White ally quits John Lewis board
By Patrick Tooher Updated: 21:50 GMT, 9 December 2023 Blow: John Lewis boss Dame Sharon White The revolving door at John Lewis has taken another turn with the latest departure …
Santander’s UK boss: EVERYONE has to be beware of scammers
Spellbreaker: Mike Regnier’s fraud-busters has saved customers £13.5m in two years Break the Spell sounds like a plotline in a fairytale or, at this time of year, a Christmas panto. …
Short sellers bet against Petrofac as it scrambles to shore up finances
By Francesca Washtell Updated: 21:51 GMT, 9 December 2023 Hedge funds have turned on Petrofac and made it the most-shorted stock on the London Stock Exchange in a matter of …