Rio Tinto has been dragged into a high-stakes trial pitting the billionaire descendants of Australia’s mining pioneers against each other. Lawyers for the Anglo-Australian firm have been in the state’s Supreme Court seeking to fend off claims over billions of dollars in iron ore royalties that flowed from discoveries made as far back as the … Read more
By Live Commentary Updated: 13:29 GMT, 14 December 2023 The Bank of England’s Monetary Policy Committee has voted to hold base rate at 5.25 per cent by a margin of 6 to 3. Three MPC members voted for a hike to 5.5 per cent. The FTSE 100 is up 1.7 per cent in afternoon trading. … Read more
By Jessica Clark Updated: 02:27 GMT, 14 December 2023 In the money: Impellam’s chairman Lord Ashcroft (pictured) Tory donor Lord Ashcroft will collect nearly £300million after his recruitment company Impellam was sold to Dutch rival Headfirst for £482million. Ashcroft said he was ‘delighted’ with the deal to sell a firm he founded in 2008. The … Read more
By Leah Montebello Updated: 17:32 GMT, 12 December 2023 The number of passengers flying through Heathrow is just 2 per cent below pre-pandemic levels as travel continues to bounce back. Europe’s busiest airport revealed 6.1m travellers jetted in and out of its terminals in November – only slightly below the 6.2m that flew in the … Read more
Cuba conjures up images of big cigars, classic American cars, revolution, rum and Fidel Castro. What the Caribbean island is less well known for is coffee. Once one of the world’s biggest producers, coffee growing has slumped since US President John F Kennedy imposed an economic embargo on Castro’s pro-Soviet regime in early 1962 – … Read more
CMA examining relationship and whether it could be considered a merger Other regulators around the world are expected to follow the UK’s lead By Leah Montebello Updated: 11:01 GMT, 9 December 2023 The competition watchdog is taking on Microsoft again – this time over its partnership with the maker of ChatGP. In a shock move, … Read more
By Jessica Clark Updated: 22:01 GMT, 7 December 2023 Billionaire hedge fund boss Chris Hohn’s annual dividend has been slashed in half – but he still took home £275million. The tycoon, who runs TCI Fund Management and once employed prime minister Rishi Sunak as an analyst, paid himself a record £550million in the year to … Read more
By Live Commentary Updated: 15:06 GMT, 7 December 2023 The FTSE 100 is flat in afternoon trading. Among the companies with reports and trading updates today are Bloomsbury, Games Workshop, Frasers, Balfour Beatty, Smart Metering Systems and Vertu Motors. Read the Thursday 7 December Business Live blog below. > If you are using our app … Read more
