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ECONOMY
M&G shares jump as client capital returns with £1.2bn of inflows
M&G has cheered a bounceback in investor flows, with clients depositing £1.2billion with the investment manager in the first six months of 2022.The volume of inflows represents a turnaround from withdrawals of £2billion 12 months…
Over 500k learners still waiting to sit driving tests as lockdown backlog remains
More than half a million learners are on still on a waiting list to sit their practical driving test as the push to clear the huge backlog built up during lockdowns has yet to be cleared, it has been revealed.As of the end of May, some…
Elon Musk sells £5.7bn of Tesla shares ahead of courtroom showdown over Twitter deal
Elon Musk has sold £5.7bn worth of his shares in Tesla ahead of a courtroom showdown with Twitter after backing out of a £35bn deal to buy the social media site.Musk, 51, said he did not plan to sell any more of his holdings in the electric…
Buoyant Aviva unveils another share buyback after bumper half-year results
Amanda Blanc was cheered by investors as Aviva vowed to return more money to shareholders after unveiling a bumper set of half-year results.The insurance and savings business promised to complete another share buyback, in a boost for its…
MARKET REPORT: Energy giants rocked by windfall tax hike fears
A chill ran through the boardrooms of Britain’s oil and gas companies as the Government hinted at plans to tighten its squeeze on their profits.Bosses of the big energy companies have been summoned to a meeting today by the Chancellor of…
Retail tycoon Mike Ashley splashes £1.3m on private jets
Jet-setter Mike Ashley spent £1.3million using a private jet and helicopter last year despite a troubling time for the High Street. Mike Ashley's Mash saw profits fall to just under £100m from £200m the year beforeThe aircraft is…
Wall Street stocks surge as US consumer inflation cools to 8.5%
US Stock markets roared after inflation data was lower than expected, raising hopes that price rises had peaked.The Dow Jones, a key index on Wall Street, surged 1.6 per cent to its highest level in two months after figures showed inflation…
ALEX BRUMMER: Biden’s $740bn tax and climate package gives him an energy boost
Donald Trump may have been dominating headlines after the FBI raid on his Mar-a-Lago compound in Florida. But in case you hadn't noticed, it has been a much better week for Joe Biden.The President's $740billion (£604billion) tax and climate…
Give 100% mortgages to first-time buyers who have been good renters, Gerard Lyons says
Reform of the mortgage market is needed to turn 'generation rent' into 'generation buy', a leading economist says.Gerard Lyons, economic adviser to Boris Johnson during his time as London mayor, urged the next Prime Minister to tackle…
Buoyant Footsie defies the gloom with FTSE 100 up nearly 5% this month
A week on from Bank of England Governor Andrew Bailey’s pessimistic forecasts for the UK economy – and markets are up while consumer sentiment is improving.At the Bank’s quarterly economic review last week Bailey predicted a protracted…
