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  • Trading on Britain's currency markets nears record high of £1.9 trillion a day

    July 26, 2017 9:00 PM 11

    Traders swapped £1.9 trillion a day on Britain’s currency markets in April, new figures show. Volumes were up 10 per cent on the same month last year, according to Bank of England statistics, close to record highs. The figure is greater than the centres of the US, Japan, Hong Kong, Canada and Australia combined. Amounts traded on the Continent are so small

  • IN THE MONEY: Tim Warrillow, 42, Fever-Tree tonic water co-founder sells £29million in shares

    July 26, 2017 8:57 PM 6

    The co-founder of tonic maker Fever-Tree has earned £29 million by selling 1.5 million shares. Tim Warrillow, 42, cut his stake to 5.4 per cent a day after the business revealed profits had doubled to £24 million in the first half. Married father-of-four Warrillow launched the firm in 2005 with Charles Rolls. The former advertising executive who lives

  • So how on earth are we going to power nine million electric cars, asks ALEX BRUMMER

    July 26, 2017 6:35 PM 17

    Earlier this year, car buyers were encouraged to take advantage of the Government’s new environmentally friendly decision to exempt from road tax all electric cars with zero carbon emissions that cost less than £40,000. Intrigued to see the choices that might be available, I visited a Mitsubishi dealer. The hottest model on the forecourt in this category

  • MARKETS LIVE: London shares gain with earnings dominating the session; UK GDP proves a damp squib at 0.3%

    July 26, 2017 2:23 PM 7

    The FTSE 100 has made a comfortable gain amid another heavy session of company earnings, including 3i Group, ITV, Hammerson, Glaxo SmithKline and Antofagasta. Earnings aside, today’s GDP figures showed growth remains largely anaemic, accelerating slightly to 0.3 per cent in the second quarter from 0.2 per cent in quarter one. Analysts said the reality

  • Here's the most irritating office jargon, as ranked by workers

    July 26, 2017 5:20 AM 32

    And you're probably much more likely to bin the message in question should it feature phrases like "touch base", "blue sky thinking" or "we're on a journey". That's according to a Glassdoor survey of 2,000 people to find out just what employees find most irritating on the office jargon front. Some of the phrases mentioned are well-known as expressions

  • IN THE MONEY: Nigel Wray, Investor, Alliance Pharma, sells his £4.3m stake

    July 25, 2017 9:49 PM 10

    Nigel Wray has sold a stake in Alliance Pharma estimated to be worth around nearly £4.3million. Wray, who owns and chairs Saracens rugby club, sold 8.3million shares in the medical technology firm last Tuesday at an undisclosed price. However, if they sold at their closing price on the day of 52.5p, he would have scored £4.29million. The 69-year-old

  • UK luxury shoe brand Jimmy Choo sold to American rival Michael Kors for £896m

    July 25, 2017 9:36 PM 10

    Jimmy Choo has been sold to American rival Michael Kors for nearly £900m. The British luxury shoe brand, best known for its range of up-market accessories, was put up for sale in April by majority shareholder JAB Holdings. A number of bidders were believed to be vying for the company – which shot to prominence after being featured in the hit 90s TV show Sex And The City. Handbag

  • Javid's bid to end rent-seeking leaseholds is welcome, but little comfort to current homeowners

    July 25, 2017 5:13 PM 9

    It’s safe to say that over the past year we have seen a government who seem intent on undermining the property market at every turn. Despite property being one of the cornerstones of our economy they have failed to deliver on any of their promises to improve what can only be described as a housing crisis in the UK. Previous Conservative and coalition

  • Electric Mini to be built in Oxford

    July 25, 2017 12:37 PM 20

    A fully electric version of the Mini will be built at the Cowley plant in Oxford, BMW has said. The carmaker said the model would go into production in 2019, with Oxford the main "production location" for the Mini three-door model. However, the electric motor will be built in Germany before being shipped to Cowley for assembly. BMW said it had "neither

  • Latest Public Sector News

    July 24, 2017 9:02 AM 28

    Public sector borrowing soars by £2bn in one year, ONS finds Net borrowing went up by £1.9bn up to £22.8bn in the current financial year when compared with the same period in 2016. Of this sum total, £17.1bn was attributed to the cost of “day to day” spending in the public sector, whilst an additional £5.7bn related to capital spending or net investment