BUSINESS LIVE: GDP grows 0.4%; Ofwat outlines spending package; Heathrow passenger fees cap

By Live Commentary Updated: 08:01 BST, 11 July 2024  The UK economy expanded by 0.4 per cent in May, beating forecasts of 0.2 per cent thanks to a jump in housing construction activity, fresh data from the Office for National Statistics shows. The FTSE 100 will open at 8am. Among the companies with reports and … Read more

Direct Line to start selling own-brand policies on price comparison websites

By John-Paul Ford Rojas Updated: 22:03 BST, 10 July 2024 Direct Line – one of Britain’s biggest insurers – is to start selling its own-brand policies on price comparison websites for the first time in a major change of strategy. The company has until now prided itself on dealing with customers directly rather than via … Read more

BUSINESS LIVE: Britvic agrees £3.3bn takeover; Marston’s to quit brewing; Ocado expands Japanese partnership

By Harry Wise Updated: 10:26 BST, 8 July 2024 Among the companies with reports and trading updates today are Britvic, Marston’s, Ocado, ITM Power, Unite Group, Plus500 and Ferrexpo. > If you are using our app or a third-party site click here to read Business Live Ithaca Energy shares top FTSE 350 fallers Ferrexpo shares … Read more

Mortgage misery led voters to turn against Tories

Conservatives haemorrhaged support in seats with the most mortgage holders It came despite inflation falling to 2% target and rate cuts expected this summer  Mortgage holders ‘unconvinced’ Rishi Sunak’s plan to fix economy was working  By Jessica Clark Updated: 21:51 BST, 7 July 2024 Tory voters lost faith in the ability of Rishi Sunak’s party to … Read more

MARKET REPORT: Housebuilders boosted by 1.5m new homes plan

By John Abiona Updated: 10:39 BST, 6 July 2024 Shares in the biggest housebuilders jumped amid hopes Labour’s plan to ramp up construction on the green belt will deliver a boost to the industry. The party’s landslide election victory has cleared the way for a raft of changes that will make life easier for developers, … Read more

BUSINESS LIVE:  Pound edges up as Labour wins landslide election victory and investors wait for what comes next

By Harry Wise and Jane Denton Updated: 08:46 BST, 5 July 2024 Among the companies with reports and trading updates today are Shell and Time Out Group. As Labour scores a landslide election result, the pound rose slightly, gaining 0.2 per cent against the dollar to reach $1.277. The Investment Association reacts Chris Cummings, chief executive … Read more

FTSE edges up as Britain votes and polls point to a Labour government while investors wait to see what comes next

The FTSE 100 climbed almost 1 per cent on election day, as polls suggested Labour would win by a hefty margin and investors wait to see what comes next. London’s main markets edged higher with the FTSE 100 up 0.9 per cent, or 70.15 points, to 8241.26, while the FTSE 250 rose 0.4 per cent, … Read more

Chinese fashion giant Shein faces EU custom duties blow ahead of potential £50bn London listing

By Daily Mail City & Finance Reporter Updated: 22:02 BST, 3 July 2024 Questions: Shein ’s practices are being scrutinised ahead of a potential £50bn London stock market listing Shein may be whacked with custom duties by the European Union.  The Chinese fashion giant’s practices are being scrutinised ahead of a potential £50billion London stock … Read more

Confidence among British bosses tumbles ahead of General Election

By Leah Montebello Updated: 00:05 BST, 1 July 2024 Confidence among British bosses has tumbled ahead of the General Election as hiring and investment plans slide. In a dreary survey published today, the Institute of Directors (IoD) said its economic confidence index – which measures bosses’ optimism in the economy – slumped to a four-month … Read more

Now is the time to be bold in securing our industrial and manufacturing future, says DS Smith boss Miles Roberts

Concern: DS Smith boss Miles Roberts As I am sure is the case for many readers in recent days, I have read the main parties’ manifestos with interest to see how their pledges are likely to shape the next five years.  I have done this on a personal level, but also as CEO of DS … Read more