All news by author: Lawrence Matheson
1164
Direct Line rejects £3.1 billion takeover approach from rival insurer Ageas
It described the offer as "uncertain, unattractive, and that is significantly undervalued"
1149
House sales up 15% as mortgage rates fall and more properties on market - Zoopla
Agreed sales jumped as demand from buyers was up by 11% and the number of homes for sale 21% higher than a year ago
1256
British Airways owner IAG's profits soar to £3bn, higher than pre-pandemic peak
International Airlines Group reported underlying operating profits of 3.5 billion euros (£3 billion) for 2023, nearly three times the 1.3 billion euros (£1.1 billion) in 2022
1056
Ocado posts £394m loss but hails 'good progress' as M&S online customers grow
The company also revealed that Ocado Retail, its joint venture with Marks & Spencer, delivered an underlying profit
878
Aston Martin delays first electric car by a year as losses narrow to £239m
The luxury carmaker said it will now not launch its first battery electric vehicle until 2026
801
Debanking: More than 140,000 business accounts forcibly closed down in 2023
MPs on the Treasury Committee gathered the information as part of a probe into how many small to medium businesses face being debanked
774
St James's Place sets aside £426m to refund clients not given wealth advice
The business said it had received "accelerating" levels of complaints from customers in the latter part of 2023, and that it is going to review customer records going back to 2018
1396
Just Eat set for rise in profits driven by 'strong momentum' in UK and Ireland
Just Eat highlighted a positive performance in the UK and Ireland, where order levels improved throughout the year
1357
Dettol and Durex maker Reckitt shares slump after 'unsatisfactory' sales drop
Shares in the household goods company slumped in early trading as it also revealed revenues for the past year were around £55 million lower than expected due to a discrepancy in financial reporting in the Middle East
711
Taylor Wimpey profits fall 48% to £473m but housebuilder sees signs of recovery
Taylor Wimpey said that it expects to construct between 9,500 and 10,000 homes in the year 2024, compared to 10,438 houses built last year
985
Apple shuts down secret electric car project after spending billions - reports
The technology giant has never publicly acknowledged the secretive project or confirmed any such plans around electric vehicles, but rumours have circulated for a decade and the project was said to have involved around 2,000 people
1141
Sage chief says artificial intelligence will 'change nature' of accountancy jobs
Steve Hare, chief executive of Sage, said the advance of generative AI will soon be relied on by many small businesses to handle basic accounting work
1107
Shein, the fashion giant, considers listing on beleaguered London Stock Exchange
The move would be a major boost for London Stock Exchange after a dearth of new floats and other firms moving their focus towards New York
745
M&S is spending £89m on increasing hourly pay to £12 for 40,000 store staff
The group said pay for customer assistants would increase from £10.90 an hour to £12 an hour from April 1
976
Employers urged to make 'radical difference' to lives of autistic people in work
The Government has published a review into access to work for autistic people
1254
'Missing link' between thinking and talking about funeral wishes - Co-op
Research carried out by the Co-op shows that more than one in five people think about their own passing as often as once a week
614
Wind power and heat pumps could cut bills by more than a quarter, report says
The study models the upfront and running costs of a wind power and heat pump system to 2,000 homes paired with a 2 megawatt community onshore wind turbine, with remaining power demand met by the grid
954
Hovis cleared over 'rustic' and 'authentic' bread adverts after complaints
The Real Bread Campaign complained to the Advertising Standards Authority that the ads were misleading
1072
Halfords slashes profit guidance as 'weak customer confidence' hits sales
The company said it has seen 'good growth' continue across its autocentres business
1130
Vodafone in talks to sell italian arm of business to Swisscom for £6.8 billion
The pair said they are in advanced exclusive discussions with the proposed price on a cash basis and including debts
1217
Aldi may have lost latest battle of brands, but it's winning war for customers
Aldi has been involved in a number of high-profile court cases with rival brands in recent years, but it has not stopped the German discount supermarket growing it customer base
748
Currys rejects higher £750m takeover offer from US suitor Elliott Advisors
Currys said Elliott returned with a second proposed offer worth 67p a share, up from its initial 62p a share approach on February 19, which was rejected by Currys as being too low
1158
Ryanair ends long-running dispute with On the Beach in 'transformational' deal
Shares in On the Beach jumped by 13% on Tuesday morning after the low-cost airline announced the partnership
1344
Microsoft's partnership with French firm Mistral AI under scrutiny from EU
The European Union is looking into Microsoft's partnership with startup Mistral AI as part of its broader review of the booming generative artificial intelligence sector to see if it raises any competition concerns
797
Bank of England's Future of Money exhibition to showcase new King Charles notes
The Future of Money exhibition opens at the Bank of England Museum in London on Wednesday
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