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Patisserie Valerie liquidators sue Grant Thornton for £200m 7 Jan 5:39pm Updated Patisserie Valerie liquidators sue Grant Thornton for £200m
Liquidator FRP Advisory has launched a claim against the accountancy giant, which audited the cake shop's accounts for 12 years before it went bust.
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EUR 0,90 +0,335%
USD 0,77 +0,784%
CHF 0,78 +0,385%
Markets defy gravity despite soaring Covid rates and anarchy in the US 7 Jan 5:26pm Markets defy gravity despite soaring Covid rates and anarchy in the US
The Footsie has climbed more than 6 per cent in the first four sessions this year after a rotten 2020 when the market plummeted by 14 per cent - its worst performance since the financial crisis.
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British hedge fund tycoon hit with £1.5bn fraud charge 7 Jan 5:21pm British hedge fund tycoon hit with £1.5bn fraud charge
Sanjay Shah, who had his £15m Hyde Park mansion seized last year, is accused of defrauding Denmark of £1.5bn after his firm Solo Capital drew up an elaborate financial wheeze.
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Hedge fund boss Crispin Odey helps himself to a £1.1m dividend 7 Jan 5:21pm Hedge fund boss Crispin Odey helps himself to a £1.1m dividend
The Brexit-backing hedge fund manager had a disappointing year as performance fees raked in by Odey Asset Management slumped to just £0.9m in the year ending April 5, 2020.
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ALEX BRUMMER: A stock market rally that bucks the gloom 7 Jan 5:19pm ALEX BRUMMER: A stock market rally that bucks the gloom
The bizarre juxtaposition of the US Capitol invaded and trashed and share indexes on both sides of the Atlantic hitting fresh highs looks inexplicable and certainly defies conventional wisdom.
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MARKET REPORT: No stopping the Bitcoin boom as it smashes $40k 7 Jan 5:18pm MARKET REPORT: No stopping the Bitcoin boom as it smashes $40k
Bitcoin, whose value is now gaining another $10,000 every few weeks, hit $40,427 yesterday evening. Investors have piled into the digital currency in droves over recent months.
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7 Jan 4:04pm Updated Elon Musk overtakes Jeff Bezos to become world’s richest person
The Independent
Tycoon now worth an estimated $188.5bn
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7 Jan 2:38pm Bitcoin tops $40,000 as investors seek hedge against inflation
The Guardian
Cryptocurrency doubles value in less than a month as supporters say asset is starting to supplant gold Bitcoin has surged above the $40,000 (£29,500) mark for the first time in its history after doubling its value in less than a month. The record comes just days after the cryptocurrency hit an all-time high of more than
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7 Jan 2:26pm Updated US backs down from tariffs over French tech giant taxes
BBC
The decision comes less than three weeks before US President Donald Trump is due to leave office.
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7 Jan 2:17pm Updated Brexit: UK-Ireland lorry traffic at Holyhead port slumps
BBC
Lorry traffic between Holyhead and Dublin is down to about one-third of usual capacity.
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7 Jan 1:56pm Updated Meat factories warn Covid absences could hit supplies
BBC
Industry body calls for the early vaccination of workers to keep supply chains running smoothly.
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7 Jan 1:52pm ‘We like to keep it simple’: the rapid rise of B&M’s Arora brothers
The Guardian
When Simon and Bobby Arora bought B&M in 2005, it was a failing chain of just 21 stores. Now it is a near-£4bn empire The Arora brothers are the brains behind the rapid rise of B&M, the discount chain that has come from nowhere to become one of the UK’s biggest retailers, a rapid rise that has banked the entrepreneurial founders a multibillion-pound fortune. When Simon and Bobby Arora snapped up B&M
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Restaurants and hotels hit hard by coronavirus, ONS data shows 7 Jan 1:25pm Updated Restaurants and hotels hit hard by coronavirus, ONS data shows
The Guardian
Twenty-eight per cent of surveyed accommodation and food firms said they had no or low confidence that they would survive the next three months, the ONS said.
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7 Jan 12:23pm LVMH seals purchase of Tiffany after takeover fight
BBC
LVMH said it was installing new leadership at the US jeweller, including a son of its chief executive.
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7 Jan 12:05pm Updated National Express to suspend all services
BBC
The firm says tighter Covid restrictions and falling passenger numbers have prompted the decision.
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No wealth levy before tax reform, Rishi Sunak is told  7 Jan 11:53am Updated No wealth levy before tax reform, Rishi Sunak is told 
BBC
The Institute for Fiscal Studies said Sunak should focus on whipping into shape 'badly designed' charges such as pensions tax, council tax, inheritance tax and capital gains tax.
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7 Jan 11:40am Updated John Lewis among UK firms scrapping overseas deliveries
BBC
The retailer says its move is not Brexit related, but other firms have paused deliveries due to new rules.
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7 Jan 11:11am Updated B&M Bargains boss pays himself £30m after bumper lockdown sales
The Independent
Budget retailer said it will also give 30,000 staff an extra week’s wages
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BorrowBox lets users hire eBooks and audiobooks for free 7 Jan 9:47am Updated BorrowBox lets users hire eBooks and audiobooks for free
The Independent
Reading is one thing we can all do to stay busy, educated and entertained during the lockdown period - and an online firm is helping us do it for free.
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7 Jan 9:27am Updated Plane, coach and train services slashed due to lockdown
The Independent
National Express coaches and Grand Central trains will not restart until March
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7 Jan 9:20am Updated Government vows to end complex leasehold costs
BBC
The proposals should help those with shorter leases fearing bills of many thousands of pounds.
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7 Jan 8:53am Consumer finances at risk as 4,000 City firms face collapse in Covid crisis
The Guardian
FCA poll of 23,000 firms expects many failures from first wave of outbreak of virus unless UK economy recovers
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7 Jan 8:43am Updated Billionaire brothers behind B&M take £30m payout after Christmas boom
The Guardian
Simon and Bobby Arora award themselves almost £100m in dividends as retailer benefits from changed shopping habits The billionaire brothers who own
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Deloitte pair rapped over Autonomy audit botch 7 Jan 8:28am Updated Deloitte pair rapped over Autonomy audit botch
The Guardian
A former Deloitte partner banned from accounting for 'serious and serial' failings refused to apologise even as his firm faced multi-million-pound fines over audits of software giant Autonomy.
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7 Jan 8:22am National Express to suspend all UK services from Monday
The Guardian
Coach operator to halt all journeys until March as a result of tighter Covid restrictions
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7 Jan 8:00am Ground rent scandal: leaseholders in England get new rights
The Guardian
Homeowners get right to extend leases to 990 years with zero ground rents
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7 Jan 7:46am Ryanair scraps most UK and Irish lockdown flights
BBC
The airline warns few, if any, flights will operate to or from Ireland or the UK from the end of January.
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7 Jan 7:39am Netflix increases UK subscription charges
The Guardian
Monthly fee for standard package will go up from £8.99 to £9.99, with premium package rising by £2 to £13.99 The film and TV streaming service Netflix, is raising the cost of its most popular packages by a £1 a month. The monthly fee for UK subscribers on the standard, two-device package will go up from £8.99 to £9.99, while the cost of its premium package, popular with larger families because it runs on more screens, will rise by £2 to £13.99.
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Is it worth putting redundancy money into your pension? 7 Jan 7:23am Is it worth putting redundancy money into your pension?
The Guardian
The move might be particularly beneficial for over-55s, who can gain immediate access to their pension pots if they want.
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7 Jan 7:11am Ryanair expects 95% fall in passenger numbers until April
The Guardian
Carrier criticises ‘brutal lockdowns’ and calls for vaccination drives to be accelerated Ryanair said it expects to lose 95% of its traffic in February and March, with few if any flights operating from the UK and Ireland, due to the latest Covid lockdowns and travel restrictions. The Dublin-based carrier, which normally carries the most passengers in Europe, hit out at “brutal lockdowns” and called on the Irish government in particular to accelerate vaccinations.
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7 Jan 7:00am Updated Leasehold scandal: Millions of homeowners to be freed from ‘rip-off’ ground rents after landmark reforms
The Independent
All house and flat owners to be given right to extend leases to 990 years with zero ground rents, potentially saving thousands of pounds in victory for campaigners
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Here we go again: What every investor needs to know in lockdown III 7 Jan 6:48am Updated Here we go again: What every investor needs to know in lockdown III
The Independent
And as the virus crisis is still not yet under control, we could be in for another year of uncertainty for stock markets and investors. Here, we address the questions on every investor's mind.
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7 Jan 5:28am Updated Trump blocked by Twitter and Facebook
BBC
The US president is blocked from Twitter for 12 hours and Facebook for 24 hours after violent riot.
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7 Jan 5:15am Customers in Europe hit by post-Brexit charges when buying from UK
The Guardian
Shoppers tell of shock at unexpected bills for VAT or customs duty as some retailers stop shipping to continent Customers in Europe buying products ranging from furniture to pet food from UK companies are receiving unexpected bills for VAT and customs duty or finding household names have stopped shipping to the continent, as
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7 Jan 5:10am Pub group Mitchells & Butlers seeks cash amid lockdown closures
BBC
The owner of pub chains Harvester and All Bar One says current restrictions cost it up to £40m a month.
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How a sixteen-year old schoolboy from Kent turned over £25k during the pandemic 7 Jan 4:44am Updated How a sixteen-year old schoolboy from Kent turned over £25k during the pandemic
BBC
Greedy Growth, an Instagram-focused marketing agency, saw a boost in 2020 as founder Laurence Moss had more time on his hands - due to his GCSEs being cancelled.
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7 Jan 4:40am Ground rent scandal: leaseholders in England and Wales get new rights
The Guardian
Homeowners get right to extend leases to 990 years with zero ground rents
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What were the 20 best selling cars and vans of 2020? 7 Jan 4:27am Updated What were the 20 best selling cars and vans of 2020?
The Guardian
We can reveal, using exclusive SMMT data, the 20 most in-demand motors of 2020, how many were purchased in Britain over the previous 12 months and where popular vans sit in the rankings.
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Appetite for entrepreneurship is strong but some believe it best to wait for stability 7 Jan 4:22am Updated Appetite for entrepreneurship is strong but some believe it best to wait for stability
The Guardian
A new study from small business support network Enterprise Nation and Start Up Loans has found a fifth of UK adults want to start a business this year but some are nervous about the current climate.
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What does Brexit mean for expats who still need health cover? 7 Jan 4:21am Updated What does Brexit mean for expats who still need health cover?
The Guardian
Things are likely to change for expats, who up until now may have depended on their EHIC card for some of their healthcare protection. However, there are other options available to ensure they are safe
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Should you buy UK shares for the Brexit and Covid recovery trade? 7 Jan 4:19am Updated Should you buy UK shares for the Brexit and Covid recovery trade?
The Guardian
We've been here before: the country goes into lockdown and the stock market shoots up, but there's something slightly different going on this time.
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How to split the money fairly in a divorce 7 Jan 4:14am Updated How to split the money fairly in a divorce
The Guardian
Divorces rose as the pandemic put families under unforeseen new pressures last year, and now the usual post-Christmas wave of break-ups has begun
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7 Jan 3:41am Updated Stock markets boosted as calm to Capitol Hill restored – business live
The Guardian
Certification of Biden win resumes in Washington; oil prices continue to rise amid supply constraints
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I am hundreds out of pocket after an eBay dispute. What can I do? 7 Jan 3:14am Updated I am hundreds out of pocket after an eBay dispute. What can I do?
The Guardian
I am in a long running eBay dispute with a buyer that claimed the packaging I sent was damaged. I have now lost hundreds of pounds. Can you help?
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7 Jan 3:04am Ryanair cuts flight schedule amid new lockdowns
BBC
The airline warns few, if any, flights will operate to or from Ireland or the UK from the end of January.
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WiFi woes: We reveal the most common internet issues and how to solve them 7 Jan 2:40am WiFi woes: We reveal the most common internet issues and how to solve them
BBC
The start of the year has not meant a return to the office for most. This is Money, with help from Uswitch, investigates the most common WiFi woes at home and how to fix them.
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7 Jan 2:00am Developing economies need a fairer way to help them decarbonise | Kenneth Rogoff
The Guardian
Carbon border taxes alone will not encourage poorer countries to meet climate goals With the US president-elect Joe Biden’s incoming administration promising a fresh, rational approach to climate change, now is an ideal time to make the case for a
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7 Jan 2:00am British Gas workers to strike from Thursday after restructuring talks break down
The Guardian
Engineers and call centre workers will down tools for five days in response to management’s ‘fire and rehire’ plans Thousands of British Gas engineers and call centre workers will down tools from Thursday as part of a national five-day strike in response to the energy giant’s “fire and rehire” plans. The GMB trade union called the strike after 89% of its 9,000 British Gas members
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Is it too late (or too risky) to join the bitcoin bandwagon? 7 Jan 1:25am Updated Is it too late (or too risky) to join the bitcoin bandwagon?
The Guardian
If you'd bought a bitcoin at the start of last year, you'd have paid about $6,986. Yesterday, the same coin might have cost you close to $34,000 - an all-time high. 
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6 Jan 9:19pm NYSE in a spin over Chinese telecoms delistings
BBC
The New York stock exchange has sparked confusion over its reversal on ejecting the three firms.
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6 Jan 8:12pm Trump blocked from Twitter for 12 hours after appeal to rioters
BBC
Twitter says if he doesn't delete three tweets he won't be allowed back on the platform.
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6 Jan 7:09pm Social media giants remove Trump video
BBC
YouTube, Google and Facebook have taken his message to protesters down due to false allegations.
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6 Jan 7:01pm London population set to decline for first time since 1988 – report
The Guardian
Economic fallout from Covid pandemic and rise of home working likely to spur exodus
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6 Jan 7:01pm British Gas staff start five-day strike over pay
BBC
Owner Centrica says it will prioritise vulnerable households and emergencies during the walkout.
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