Economy
The latest and most important economic news, economic events, and market and business news around the world. Read it on Elrisala
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Starting gun fired in race to succeed BT boss Philip Jansen
BT is drawing up succession plans as it scopes out potential replacements for boss Philip Jansen. Despite Jansen only serving four years at the top of Britain’s flagship telecoms company, an industry source told The Mail on Sunday that planning for his successor was ‘an open secret’ in the City. There have already been ‘searches in the market’ for executives…
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Forget LTNs… London council installs anti-car measure – wavy kerbs that are hard for cars to pass
Furious residents and business owners have slammed a London council’s decision to install wavy kerbs as new-anti car measure that makes the road ‘look like Disneyland’. The radical redesign of the quaint 18th Century Georgian street in Islington – which follows the Low Traffic Neighbourhood (LTN) trend of getting cars off Britain’s roads – will ban drivers in the mornings and…
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How to sort your savings and mortgage in the financial storm
It has been a stormy week for personal finances. Financial markets were rocked by banking collapses in the US and fears that the contagion could spread. Then the Bank of England hiked interest rates again on Thursday to a 14-year high. And inflation – which looked like it was starting to subside – inched up again and remains firmly in…
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Can Scottish Mortgage survive the tech wreck?
The chairman of the biggest and best-known investment trust suddenly quits. Her exit follows the outspoken comments of a fellow director who questions whether the trust’s managers have the capacity to monitor its controversial stakes in private unquoted companies. But other investors are buying, evidently persuaded that this bust-up in the normally sedate investment trust sphere could deliver change. This…
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Revenge of the drivers: ULEZ cameras are covered over with bags in guerilla war against hated scheme
Opponents of London’s ULEZ expansion have launched a guerilla war against the very cameras that will be used to police the controversial scheme. Shopping bags and cardboard boxes have started to appear over the Automatic Number Plate Recognition (ANPR) cameras set up by Transport for London (TfL) across the capital. A box placed over a camera by one vigilante was had…
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Phone and broadband to send bills soaring for millions next week
Mobile phone and broadband bills will jump by well above the rate of inflation for millions in the next week, even if they are in the middle of a contract. The industry regulator, Ofcom, allows these mega-profitable firms to raise prices once a year – not just in line with inflation, but with a 3.9 per cent lump added on…
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TONY HETHERINGTON: The Lavender Hill mob… of car scams
Tony Hetherington is Financial Mail on Sunday’s ace investigator, fighting readers corners, revealing the truth that lies behind closed doors and winning victories for those who have been left out-of-pocket. Find out how to contact him below. D.B. writes: I received an email from Ryan Hirons, a motoring journalist with the website Carwow, offering a valuation of my car. A…
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Do YOU know the meaning of this road sign that is baffling motorists and cyclists?
No right turn, except in two stages is an instruction that may not mean much to drivers, but cyclists should be very familiar with it. The words appear on a road sign that was lauded by London Mayor Boris Johnson when it was introduced to the capital nearly eight years ago – but do you know what it means? The…
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Boots sale on cards as owner looks to US
Boots could be sold or floated by the end of the year as the bosses of its US parent company are put under huge pressure to break up the global pharmacy giant. Investors and board members want Stefano Pessina, executive chairman of the Walgreens Boots Alliance, and chief executive Rosalind Brewer to speed up plans to refocus the business on…
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ALEX BRUMMER: Banks under the cosh
There is much about the handling of the eruptions in the banking system that is perplexing. A crisis that began with Silicon Valley Bank (SVB) in the US was ultimately triggered by the Federal Reserve’s relentless drive to raise interest rates and stymie inflation. We saw how quickly changes in the bond markets can affect stability in the UK last…
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