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ECONOMY
Investors win big with £100m Ladbrokes dividend:
The owner of Ladbrokes will pay out £100million to investors this year despite worries about a rise in problem gambling amid the cost-of-living squeeze.Entain, which also owns Coral and Foxy Bingo, unveiled the mammoth sum after reporting…
ALEX BRUMMER: Bank of England governor Bailey defies the critics
As a bulwark against the power of government, Bank of England independence is to be cherished.Currently, it is under threat on two fronts. Governor Andrew Bailey is seen as having done a poor job of holding back the menace of inflation.He…
MARKET REPORT: GSK given a beating by heartburn drug legal face-off
GSK shares sank like a stone amid growing concerns over a possible lawsuit relating to a heartburn and stomach ulcer treatment called Zantac.The stock tumbled 10.1 per cent, or 156.6p, to 1400p following reports of a court case in the US…
HSBC’s top shareholder ramps up its campaign to spin off Asia business
HSBC's largest shareholder has escalated its campaign to spin off the bank's Asia business as the stand-off between the two looks set to turn ugly.Ping An hit back at chairman Mark Tucker and chief executive Noel Quinn's arguments against…
Struggling sterling set to tumble below $1.20
The pound is set to fall to its lowest level against the dollar since the pandemic crash and could slip below $1.20 soon, a currency expert warned.Olivier Korber, strategist at French bank Societe Generale, said sterling is ‘struggling’…
Bombshell for Netflix as Disney wins battle of the streaming giants
Disney has become the world’s biggest subscription TV streaming company after it overtook Netflix on the total number of subscribers.Results from the US media giant revealed that it now has 221m total subscriptions across its three…
London’s Groucho club sold in £40m deal
The Groucho Club, the private members' club famed for its bohemian clientele drawn from London's art and film scene, has changed hands in a deal worth £40million.A favourite of the 'Cool Britannia' set – including Noel Gallagher, Tracey…
Antofagasta joins fellow mining firms in cutting half-year dividends
Antofagasta has become the latest mining giant to slash its interim dividend payments following a deterioration in profits.Investors in the London-listed Chilean miner will receive a payout of 9.2 cents per share compared to a record 23.6…
Porsche Taycan beats Tesla Model S time to set new Nürburgring record
When it comes to bragging rights in the automotive world there are few bigger than holding the lap record around the Nürburgring Nordschleife.When it comes to the fastest time recorded to complete a lap of the fearsome 12.9-mile circuit in…
Entain agrees to buy Croatia’s biggest bookmaker for €600m
Entain has revealed a new venture and the acquisition of a major bookmaker as part of plans to expand its presence across continental Europe.The Ladbrokes and Coral owner has teamed up with Czech investment firm EMMA Capital to create…
