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Evening Standard
Booming used car market and online shift rev up Auto Trader
Auto Trader saw shares surge as much as 10% this morning after reporting record half-year profits on the back of Britain‘s used car market boom.The FTSE 100 online car marketplace, which has 436,000 mostly second-hand for sale, said revenues soared by 82% to £215 million in the six months to end September. Operating profits were …
Business
Sky News
Close Brothers faces investor revolt over huge pay rise for boss
Close Brothers, the FTSE-250 merchant banking group, faces an investor backlash next week over plans to nearly double its chief executive’s basic salary to comply with European Union pay rules.Sky News has learnt that a number of Close Brothers’ leading shareholders plan to oppose a new remuneration policy at the company’s annual general meeting on …
Business
Business Live
Ex-Royal Marine who was kidnapped on finding success after ‘biggest mistake of life’
A former British soldier who found success selling gym equipment during the pandemic is hoping to show others it’s possible to “turn your life around” after being convicted of a crime. Ex-Royal Marine Grant Polson, from Cheltenham, left the military in 2014 after serving on the front line in Afghanistan, where he saw a number …
Business
Euro News
Elon Musk sells $5 billion in Tesla shares after Twitter poll and tax bill
Business
Business Live
Concerns as UK growth slows sharply amid supply chain issues
Business groups have expressed concerns after official figures showed that UK economic growth slowed sharply between July and September as supply chain problems hampered the recovery from the pandemic. New figures from the Office for National Statistics (ONS) showed the economy expanded by 1.3% between July and September, which was down from growth of 5.5% …
Business
Business Live
Swift plots further design success as most ambitious release yet is embraced with eyes on EV market
A long-running partnership with a software design provider has allowed Hull’s Swift Group to launch its “most ambitious camper vehicle yet,” as it gears up to embrace electrification. Basecamp Six has been brought to an expectant market – booming after lockdown as UK breaks take on a heightened attraction. The result is a compact crossover …
Business
Business Live
Peacock and Binnington adds North Yorkshire agricultural machinery dealer to the fold
Agricultural machinery dealer Peacock and Binnington has acquired North Yorkshire-based Franks Curtis. The Brigg-headquartered operation will incorporate the family-owned Massey Ferguson specialist into its 127-year-old business, preparing the Kirby Misperton depot – between Malton and Pickering – for the new year. Completing the purchase of the shares held by David and Kim Franks, P&B managing …
Business
Evening Standard
Aviva on track to hand back £4bn to investors
AVIVA today set out a strong case for its defence against activist investor Cevian, saying it is on track to hand back at least £4 billion to shareholders.Cevian, one of Europe’s biggest activist investors, has taken a 5% stake and plans to shake-up the insurer. It thinks Aviva is undervalued and wants to see £5 …
Business
Business Live
Major US investor acquires stake in Matthew Moulding’s THG
A major US-based investment firm has bought a stake in online beauty, wellness and software giant THG to become one of its largest shareholders. Asset management firm T. Rowe Price has snapped up a 5% holding in the Manchester-headquartered listed company, according to documents filed with the London Stock Exchange. The move by T. Rowe …
Business
Evening Standard
UK economy bounces back close to pre-pandemic levels but recovery slows
THE UK economy is on the verge of recovering all of its losses from the Covid-19 crisis, in what City experts hail as an extraordinary bounce-back.Official figures today showed the economy grew at 1.3% between July and September. That was lower than expected and far behind the 5.5% spurt enjoyed in the second quarter as …
Business
Evening Standard
Uber raises prices in London for first time since 2017 – fares go up by 10%
Uber is raising its prices in London for the first time since 2017 in a bid to lure more drivers back to the platform and tackle long wait times.Prices will rise by 10% in Greater London from 11 November with “peak time” fares for airport trips soaring by 25%, the Standard can reveal. Drivers were …
Business
Sky News
Diminishing hopes for strong economic rebound as UK’s recovery lags behind global rivals
The economy is recovering, but the pace of that recovery is diminishing – that’s the big picture from today’s gross domestic product statistics.However, the UK is getting ever closer now to regaining the income lost during the crisis. Quite where we are on that front depends somewhat on which measure you’re looking at. Image: Britain’s …

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