Business

There’s a financial bubble…but not in UK

How will the bubble in financial markets end? There is a pat answer: badly. But that is not very helpful to people worrying about their Isas, their pension pots or the value of their homes. So first, is there really a bubble? The best answer is that there clearly is in some asset classes, but […]

Business

Shop work is an abused profession, says Julian Richer

Electronics tycoon Julian Richer has warned shop work has become an ‘abused profession’ as he steps up a drive to improve the way big firms treat staff. The founder of the Richer Sounds chain – known for his morale-boosting staff initiatives – said the rise of ‘giant retailers’ has tarnished the reputation of what was […]

Business

Dominion Voting Systems files $1.6 billion lawsuit against Fox News for ‘orchestrated defamatory campaign’

Dominion Voting Systems, a voting technology company that was the target of baseless conspiracy theories about the 2020 election, filed a $1.6 billion defamation lawsuit against the right-wing channel Fox News on Friday. The company alleged that the network “recklessly disregarded the truth” and participated in a disinformation campaign against it because “the lies were […]

Business

Chinese stocks ‘uninvestible’ after Alibaba founder vanishes

Short-selling guru Carson Block has warned that Chinese shares are ‘uninvestible’ following the disappearance of billionaire Alibaba founder Jack Ma. Block, one of the world’s best-known activist investors, said Ma’s disappearance is ‘just one of the reasons’ he is betting against Chinese firms. He said his main concern is dodgy accounting practices, but he also […]

Business

FTSE 100’s flying start gives hope for rally

Just by looking at the stock market, one could be forgiven for thinking that all is well with the world. The FTSE 100 has had its best-ever start to a year, and across the pond Wall Street opened at a record high yesterday. In fact, coronavirus is still ravaging Western economies and the US posted […]

Business

Negative rates won’t boost the economy, says Nationwide boss

Joe Garner has disappeared. We’ve arranged to speak over Microsoft Teams – a lifeline for many firms whose staff are working from home – but I can’t see or hear the Nationwide boss on my screen. When we finally give up on video conferencing and revert to an old-fashioned telephone call, I get the feeling […]

Business

Festive fashion flop rocks Marks & Spencer

Marks & Spencer remains two businesses rolled into one as its food and clothes divisions put in very different performances in the run up to Christmas. Food sales – boosted by the High Street giant’s partnership with Ocado – soared 8.7 per cent over the festive period as customers snapped up smaller turkeys and hampers. […]