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  • Alphabet leads $1 billion investment in Lyft, but is GM on the way out?

    October 20, 2017 8:05 AM 26

    The ride-hailing service is on the ups, but GM might be headed to Uber. In September, we found out that Alphabet was possibly about to invest in the ride-hailing company Lyft. On Wednesday, Recode reported that the speculation was correct, and Google's parent company is leading a $1 billion round of investment that raises Lyft's valuation to $11 billion

  • BP chairman who was criticised for his handling of the Deepwater Horizon oil disaster retires

    October 19, 2017 8:51 PM 12

    The chairman who presided over BP's handling of the Deepwater Horizon disaster is retiring. Carl-Henric Svanberg became chairman months before the 2010 disaster in which 11 people died and massive environmental damage was caused to the Gulf of Mexico. He had to apologise for speaking 'clumsily' when he referred to those hurt by the spill as 'small people'

  • Rio Tinto, former top executives, charged with fraud

    October 17, 2017 10:14 PM 19

    WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission said it charged mining company Rio Tinto Plc and two of its former top executives on Tuesday with fraud for inflating the value of coal assets acquired for $3.7 billion (2.81 billion pounds) and sold a few years later for $50 million. The SEC complaint, filed in federal court in Manhattan

  • New 'rare' pound coins selling for £890 online as old £1 phased out

    October 16, 2017 8:39 PM 28

    Rare coins: This is what you should be looking out for in your wallet. And a study of 1,000 parents commissioned by 3Doodler estimated half of this could be sitting in piggy banks after 32 per cent revealed they or their children were unaware of the deadline. In a Telegraph poll of 500 people this week, 37 per cent of voters revealed half or more of the coins

  • One day left to boost your Tesco Christmas savings

    October 16, 2017 6:04 PM 18

    The Iceland Bonus Card allows shoppers to load money to the card in order to spread the cost of occasions, such as Christmas, and get ‘Bonuses’ from Iceland. £1 reward for every £20 loaded to the card. The £1 bonus is added to your card automatically within 48 hours and does not have an expiry date. Bonus card holders also receive other offers, a free product

  • Men's Fitness and Viz publisher is put up for sale with £150m projected proceeds set for charity

    October 14, 2017 7:01 PM 11

    The publisher of magazines including Men’s Fitness, Viz, Cyclist and The Week is for sale, The Mail on Sunday has learned. A trust set up by the late publisher Felix Dennis has appointed advisers from Livingstone to find a buyer for Dennis Publishing, which is likely to fetch about £150 million. The proceeds will go to the Heart of England Forest charity

  • Brexit stalemate derails appetite for deal-making with takeover rate grinding to a three-year low

    October 14, 2017 6:56 PM 11

    Deal-making in the City is drying up as the stalemate in Brexit negotiations threatens to derail the British economy. September was the quietest month for takeovers of British firms in three years, according to data compiled for The Mail on Sunday by Thomson Reuters. Just 149 takeovers of British firms totalling £4.7 billion were announced – two-thirds

  • ALEX BRUMMER: Philip Hammond's risking it all with his unenthusiastic approach to Brexit

    October 14, 2017 12:34 PM 13

    For a politician under sustained fire for his unenthusiastic approach to Brexit, Philip Hammond is surprisingly unmoved. There would be no resignation, despite the call from his illustrious predecessor Nigel Lawson. The clamour for money to smooth the Brexit process, whatever the outcome of the negotiations, has caused the Chancellor to shift his stance

  • Provident offer reprieve to investors as firm hires 300 money collectors and share price rises by 12.4 %

    October 13, 2017 8:51 PM 10

    Troubled doorstep lender Provident Financial granted investors a reprieve yesterday, as bosses insisted a clean-up operation was on track. The firm’s stock crashed in August and chief executive Peter Crook quit after a disastrous reorganisation saw it lose thousands of its debt collectors and customers, which led to a profit warning. But interim boss Manjit

  • Petrol and diesel cars WILL be banned from this major UK city by 2020

    October 12, 2017 7:15 AM 34

    Petrol and diesel cars will be banned from Oxford City Centre from 2020. Only electric cars will be allowed in what is being called the world’s first Zero Emissions Zone. The new zone will not only see petrol and diesel cars banned but also buses and taxis. From 2020 just six central streets will have restricted access to non-zero emissions cars but this will expand