All news by author: Lawrence Matheson
863
DS Smith shares soar as Amazon packaging firm agrees to £5.1 billion takeover
The mega-merger is set to create a paper and packaging giant worth more than £10 billion in value
688
Post Office reveals 15% increase in customers withdrawing cash from accounts
The Post Office has partnerships with banks, building societies and credit unions, meaning that 99% of UK bank customers can access their accounts at their Post Office branch
1215
Heathrow records busiest February ever as demand exceeds pre-pandemic levels
More than 5.8 million people travelled through the west London airport last month, beating the previous record for February
671
Vanquis warns over hit to profits from surge in claims and strategy overhaul
Vanquis anticipates that its underlying pre-tax profits for 2024 will be much lower than the expected £75.1 million
720
TikTok could be unavailable in the US as bill gains traction in the House
A bill that could lead to the popular video-sharing app TikTok being unavailable in the United States is quickly gaining traction in the House as lawmakers voice concerns about the potential for the platform to surveil and manipulate Americans
648
Co-op's Charlie beats Colin from M&S in blind taste test of caterpillar cakes
Which? has settled the caterpillar cake debate once and for all after putting eight supermarket versions to the test - and it's bad news for M&S
1310
NatWest to offer safe spaces in over 360 bank branches to help people in abuse
The safe spaces will be available in NatWest branches, as well as those belonging to Royal Bank of Scotland and Ulster Bank, which are part of the same group
763
Tate & Lyle and Whitworth deal could be blocked over sugar price rise concerns
The Competition and Markets Authority has given the two firms five working days to offer remedies or face a second-phase investigation by the watchdog
1335
Chinese shares rally on hopes a US rate cut might attract foreign investment
Chinese shares have rallied on hopes that a rate cut by the Federal Reserve might relieve pressure on the Chinese yuan
1408
'Unacceptable' subscription traps are costing Brits £688m a year, warns charity
More than a quarter of UK adults have accidentally taken out a subscription in the last 12 months, research suggests
772
Women feel less confident about investing than men, HSBC study reveals
Only 31% of women feel they know enough to make informed choices about investing compared to 44% of men
1337
Homeowners who sold a detached property in 2023 made an average gain of £137,000
Those who sold bungalows made the next biggest gross gain typically, at £102,000, Zoopla found
1175
Mike Ashley's Frasers Group pulls plug on Matchesfashion with jobs at risk
Frasers Group purchased Matchesfashion in December, in a deal worth £52 million, from private equity firm Apax Partners, who had owned the retailer since 2017
776
Q&A on Nationwide's £2.9bn Virgin Money deal: What it means for 24m customers
The move took the City by surprise and is set to catapult Nationwide into second place in the mortgage and savings market
604
Aviva announces £300m share buyback after profits increase to £1.47 billion
The insurance and pensions giant saw shares move higher on Thursday morning
969
Recruiters Page Group and Robert Walters reduce headcount as markets cool
Robert Walters revealed that its staff numbers fell by 9% to 3,980 at the end of December, while Page's dropped by 15.7% to 7,859
1269
Egypt floats currency and agrees with IMF to increase bailout loan to $8bn
This move is aimed at strengthening an economy that's been hit by a severe shortage of foreign currency and skyrocketing inflation
593
ITV's Mr Bates vs The Post Office is proving a worldwide hit with TV audiences
ITV has seen advertising revenues hit by a stalling UK economy, but programmes like Mr Bates vs The Post Office and Love Island have generated revenues after being screened in foreign countries
1293
M&S joint chief Katie Bickerstaffe is stepping down after two years in the role
The high street giant said Ms Bickerstaffe will leave after the group's annual general meeting in July to "pursue her board career" with plans to take other roles in company boardrooms
1063
Ladbrokes and Coral owner, Entain, warns over £40m hit from regulatory pressures
The group revealed it swung to a pre-tax loss of £842.6 million in 2023 from profits of £102.9 million in 2022
1003
China has room to meet 5% annual growth target after strong start to the year
Even though China's exports grew a lot in the first two months of the year, global demand might stay low because of recent moves towards protectionism
1437
European Central Bank unlikely to cut interest rates as economy stalls
Europe's energy crisis sparked by Russia's war in Ukraine has eased and Inflation is down from its painful double-digit peak, but there likely won't be an interest rate cut at the European Central Bank's meeting
1028
ITV profits plunge by more than half as advertisers shun mainstream TV
On a positive trading note, ITV Studios performed strongly, generating record revenues thanks to popular shows like Love Island, which is now in 27 countries, and Mr Bates vs The Post Office, the biggest new drama on ITV in over a decade
1398
Christopher Nolan welcomes 'game changing' tax relief for independent films
The Chancellor announced the Government will provide eligible film studios in England with 40% relief on gross business rates until 2034
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