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ECONOMY
German chain Aldi overtakes Morrisons as Britain’s fourth-biggest grocer
German chain Aldi has overtaken Morrisons as Britain's fourth-biggest grocer. The Bradford-based retailer was loaded with debt when US private equity firm Clayton, Dubilier & Rice bought it in a controversial £10billion deal last…
Chinese raking in £650m dividend on North Sea gas
A Chinese investment fund controlled by the Communist Party in Beijing has extracted almost £650 million in dividends from one of the North Sea's largest gas producers, The Mail on Sunday can reveal. The bumper payout to China…
Billionaire Philip Green’s sister talks to ME & MY MONEY
Escape: Elizabeth Green opened a restaurant in New YorkElizabeth Green, sister of billionaire businessman Sir Philip Green, wants the Government to sort out energy bills so people stop paying silly money for gas and…
Cargo firm EV eyes £1bn London float if the flops stop!
One of the UK's largest logistics firms may stage a London flotation worth more than £1 billion – provided a series of stock market flops comes to an end. Private equity-backed EV Cargo is considering an initial public offering either…
Save hundreds on your holiday… by cancelling car hire and booking again
Holidaymakers could save hundreds of pounds by cancelling and rebooking their rental car, after prices in popular holiday destinations suddenly plummeted. Car hire prices surged earlier this year due to a rush of travellers booking trips,…
Founder and chief executive of battery group Britishvolt stepping down
The founder and chief executive of battery group Britishvolt is stepping down weeks after a report suggested the company was on 'life support'. Orral Nadjari, who set up the company in 2019, will hand over to deputy chief executive and…
London Metal Exchange legal fight heats up after nickel fiasco
It is not often the London Metal Exchange sets pulses racing to anyone outside The Ring, which is not a Wagnerian opera cycle but Europe's last open outcry trading floor. Despite hosting trillions of pounds worth of trades every year,…
HAMISH MCRAE: Budget deficit axe is no-brainer for new Prime Minister
The budget deficit is going up, not down, and that is not good. It is not good for the next Prime Minister, for it makes all this stuff about tax cuts and more spending look tricky. But more important, it is not good for us as citizens…
JEFF PRESTRIDGE: Memo for new PM – energy crisis is top priority
This Friday, we will get a good idea of the pain coming our way when the egregiously inept regulator Ofgem sets the new energy price cap that kicks in from October. For sure, it's going to put a dampener on the long Bank Holiday…
Households are warned about electric shocks after flood warnings are issued
Households are being advised about how to avoid electric shocks after several flood warnings were issued across the country.They are more at risk of potentially being hurt by electrics if their homes have been damaged by water.The charity…
