Business


	Macquarie to back energy breakthroughs
Macquarie to back energy breakthroughs

Australian investment bank Macquarie has completed its purchase of the formerly government-owned Green Investment Bank for £2.3bn. 

Bosses pledged the fund will remain a leading investor in green infrastructure in the UK and Europe.

Macquarie has completed its purchase of the formerly government-owned Green Investment Bank for £2.3bn

Richard Howson, who stepped down as chief executive of construction services group Carillion ...

August 19, 2017


	Fatcats whose perks are worth £11million a year
Fatcats whose perks are worth £11million a year

The bosses of Britain’s biggest firms are being handed millions of pounds in perks to allow them to pay for school fees, move house, and even use private jets for personal trips.

A Daily Mail investigation has laid bare the handouts – worth almost £11million last year alone.

Perks that are common include a chauffeur-driven car, medical and life insurance, private healthcare and financial advice to help them keep as much as possible...

August 19, 2017


	Half of second homes snapped up by wealthy baby boomers
Half of second homes snapped up by wealthy baby boomers

One in ten adults now has a second home, say researchers.

Some 5.2million Britons own at least two properties – up by 30 per cent since 2002.

Half of these homes are owned by wealthy baby boomers – those born from 1946 to 1965 – most of whom live in southern England.

Another quarter are owned by the generation after them, those born from 1966 to 1980, who are known as Generation X.

Researchers warned of a stark generati...

August 19, 2017


	Lloyds pushes £60k car loans without any credit checks
Lloyds pushes £60k car loans without any credit checks

Banks have become embroiled in the row over reckless car loans after mass-mailing customers to convince them to buy luxury vehicles.

Customers of Lloyds Banking Group – which also includes Halifax and Bank of Scotland – have received personalised letters offering them long-term monthly loan deals so they can buy new cars.

Their account balance, income and expenditure were assessed by the bank without their knowledge to see which mo...

August 19, 2017


	Airlines affected as terror concerns spook the markets
Airlines affected as terror concerns spook the markets

Investors around the world were sent on a roller-coaster ride yesterday as crisis engulfed the White House and terror struck in Europe.

Shares in Asia and Europe were on the slide as continuing fears that Gary Cohn, one of the key driving forces behind Donald Trump’s economic policy, could resign. 

In the UK, the FTSE 100 was dealt a double whammy as the tragic terrorist attack in Barcelona held back sentiment in the UK tourist mar...

August 19, 2017


	Mullins has fixed the pipes of London’s famous residents
Mullins has fixed the pipes of London’s famous residents

Geezer: Charlie Mullins is certainly not a shy, retiring type

Plumbers don’t tend to be shy and retiring types. Most like a chat and a chance to put the world to rights and – oh yes please, darlin’ – they won’t say no to a cuppa.

Bold and brash with a hard-to-miss Rod Stewart-style bouffant, this self-made Cockney geezer is not one of life’s shrinking violets.

His fortune is put at £75m, and, it is fair to say, Mullins likes ...

August 19, 2017


	Nasdaq First North uses tax breaks to entice UK business
Nasdaq First North uses tax breaks to entice UK business

The US-owned Nasdaq First North – which operates from Stockholm, Helsinki, Copenhagen and Reykjavik – is striving to become Europe’s top listing destination for small businesses seeking to raise cash on the public markets.

It is a third the size of AIM, but First North is growing fast – and bosses hope to sweeten the deal by offering tax breaks to UK investors. 

Challenger: Nasdaq First North has been granted growth market status b...

August 19, 2017


	Former chief of Uber condemns ‘public and personal attack
Former chief of Uber condemns ‘public and personal attack

The 40-year-old hit back at Benchmark, the venture capital firm that was an early investor in Uber, after it launched a legal bid to remove him as a director.

Kalanick accused his critics of plotting against him when he was battling a series of scandals as chief executive of the taxi firm.

Former Uber boss Travis Kalanick has branded efforts to oust him from his company’s board ‘a public and personal attack’

His lawyers claim...

August 19, 2017


	EVR Holdings allows fans to watch gigs
EVR Holdings allows fans to watch gigs

Aside from recorded content, the app plans to begin live-streaming events in VR, which it rather ambitiously claims will ‘eliminate capacity restrictions for any concert or venue’.

Virtual reality: MelodyVR is an application which allows fans to watch gigs on VR headsets

After launching the test app in December, MelodyVR has signed key content creation and distribution agreements with mammoth labels Warner Music, Universal Music Gr...

August 19, 2017


	Fears Bupa care homes buyer will load itself with debt
Fears Bupa care homes buyer will load itself with debt

Thousands of elderly residents could be at risk if the planned sale of 150 Bupa care homes goes through, it is feared.

Private equity backed HC-One – which is run by controversial Labour donor Dr Chai Patel – is looking to buy the sites from the healthcare group to make it the country’s largest care home operator.

But the deal looks set to leave the company saddled with £600m of debt – sparking fears for the future of its elderly r...

August 19, 2017


	Maggie Pagano says Britain's food is experiencing revival
Maggie Pagano says Britain's food is experiencing revival

Here’s a meal fit for a king: Scottish salmon for starters, washed down with a fine Kentish wine followed by Northumbrian reared steak and a Cumberland sausage or two, all chased with a Cornish beer. 

For pudding there’s a Stinking Bishop or Colston Bassett Stilton cheese, accompanied by Hotel Chocolat’s patisserie chocolates with a sip of malt whisky or mother’s ruin if you prefer.

And what a choice. In the north there are now gin...

August 19, 2017


	Weak sterling sends food exports soaring
Weak sterling sends food exports soaring

Booming demand for whisky, salmon and beer around the world has helped UK food and drink exports reach a record high.

Around £10.2bn worth of UK food and drink was exported during the first half of the year – the highest first-half export value on record. 

The biggest market was Ireland, followed by France and the US. Exports to South Korea grew 77 per cent, fuelled by a growing taste there for British beer.

Booming demand fo...

August 19, 2017


	Sterling's plunge attracts overseas tourists to the UK
Sterling's plunge attracts overseas tourists to the UK

Record numbers of tourists are flocking to the UK to take advantage of the weak pound following the Brexit vote.

Some 10.75m visited Britain between April and June, 8 per cent more than during the same period in 2016 and the most for any quarter since records began in 1980. Visits were up 9 per cent between January and June, to 19.1m. 

Visitors are also spending more while here, splashing out £6.23bn during the quarter, 8 per cent ...

August 19, 2017


	Nestle's Japan KitKat factory will have wacky flavours
Nestle's Japan KitKat factory will have wacky flavours

Around 300 varieties have been introduced in Japan, with flavours such as green tea, custard pudding and ginger. 

Other wacky tastes include yam and even Sake rice wine. 

Chocolate maker Nestle is opening its first factory in Japan to meet demand for exotic KitKats

KitKat sales have grown by 50 per cent in Asia since 2010. 

It is thought its popularity in Japan is partly down to its name – because it sounds like the phr...

August 19, 2017


	How to stop low rates hurting your nest egg...
How to stop low rates hurting your nest egg...

With no end in sight to the pitiful interest rates being offered by High Street banks, UK Equity Income funds could provide a highly fruitful alternative for savers looking to get some income on their cash.

By investing in the highest yielding Footsie stocks, the funds often let savers have their cake and eat it by offering superior income to assets like bonds and cash while also growing the underlying value of their nest egg.

In i...

August 19, 2017


	Ray Massey takes the Volvo XC60 family SUV on mini-test
Ray Massey takes the Volvo XC60 family SUV on mini-test

Scandi-lovers will adore this new mid-sized family SUV. It’s smart, stylish (if relatively conservative) with a classy interior. And despite looking like a 4x4, it has the confident driving manners of a saloon car.

If the range-topping XC90 off-roader’s price tag is too hefty, this new, smaller second-generation mid-sized effort could be just the job. Much of its technology has been carried across, but scaled down.

The new Volvo XC...

August 19, 2017

Carl Icahn steps down from Trump advisory role
Carl Icahn steps down from Trump advisory role

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Icahn, 81, a fellow native of Queens, was one of the first prominent business leaders to endorse Trump’s White House bid .

Icahn announced he was stepping down from the unpaid, advisory position after speaking to Trump.

He noted the president recently appointed Neomi Rao as administrator of the Office of Information and Regulatory Affairs.

Icahn did say he w...

August 19, 2017

Foot Locker may want to invite WWE star to all its events
Foot Locker may want to invite WWE star to all its events

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Foot Locker says it is having trouble drawing crowds — but you wouldn’t know it walking by the chain’s Times Square location Friday morning.

A line winding around the Broadway and 41st Street corner pulsed with excitement. A new Air Jordan from Nike, perhaps?

The lineup denizens, dozens deep, were there to catch a glimpse of WWE star Carmella who was there to prom...

August 19, 2017

Goldman Sachs says chances of corporate tax reform not good
Goldman Sachs says chances of corporate tax reform not good

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Goldman Sachs is growing bearish on the Trump administration.

The chances are dimming for comprehensive corporate tax reform, a campaign promise that has kept the stock market higher since November, the Wall Street Goliath said in a Friday note.

“We continue to believe a tax cut is slightly more likely than not, but our conviction is low, as there has been little ...

August 19, 2017

Judge in class-action suit has held one hearing in a year
Judge in class-action suit has held one hearing in a year

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The Manhattan federal judge who is overseeing a class-action lawsuit against 26 financial firms for allegedly rigging US Treasury auctions last held a hearing for the case on Aug. 22, 2016, court records show.

At that time, Judge Paul Gardephe questioned whether the plaintiffs, a group of pension funds and other investors, had made a “plausible case of collusive or mani...

August 19, 2017