MARKET REPORT: Back from the dead – first divi in six years from Serco

Shareholders in Serco are getting their first dividend in six years after the outsourcing giant triumphantly returned to growth. It will pay investors 1p per share after its recovery plans finally hit ‘escape velocity’, with boss Rupert Soames hailing it as an important milestone. The payout has been a long time coming, and lifted shares … Read more

Blackstone snaps up student housing firm IQ in £4.7bn deal

US private equity giant Blackstone snaps up student housing firm IQ in £4.7bn deal By Matt Oliver For The Daily Mail Published: 21:50 GMT, 26 February 2020 | Updated: 21:50 GMT, 26 February 2020 Private equity giant Blackstone has snapped up a student housing firm for £4.7billion in one of the UK’s biggest ever property … Read more

Chrysalis Records to make music again for first time in two decades

Comeback for label that launched Blondie: Chrysalis Records to make music again for first time in two decades By Daily Mail City & Finance Reporter Published: 21:50 GMT, 26 February 2020 | Updated: 21:50 GMT, 26 February 2020 The label behind Sinead O’Connor and Blondie, featuring Debbie Harry, is to make music again for the … Read more

Three of Britain’s biggest finance firms to axe more than 2,000 jobs

Three of Britain’s biggest finance firms to axe more than 2,000 jobs as part of their relentless push online By James Salmon for the Daily Mail Published: 21:50 GMT, 26 February 2020 | Updated: 21:50 GMT, 26 February 2020 Three of Britain’s biggest finance firms are to axe more than 2,000 jobs as part of … Read more

More Virgin Galactic space flight tickets go on sale

More Virgin Galactic space tickets go on sale ahead of first commercial flight later this year By Daily Mail City & Finance Reporter Published: 21:50 GMT, 26 February 2020 | Updated: 21:50 GMT, 26 February 2020 Sir Richard Branson’s Virgin Galactic is offering more space-flight tickets to satisfy rich thrill-seekers. Tickets for the first flights, … Read more

FTSE LIVE: Shares sink further as coronavirus rocks markets

FTSE LIVE: Shares rise for first time this week as coronavirus still worries markets; Restaurant Group to shut up to 90 outlets; Diageo warns of earnings hit By This Is Money Published: 08:10 GMT, 26 February 2020 | Updated: 16:08 GMT, 26 February 2020 Shares continued the slide this morning for the third day as … Read more

BREAKING NEWS: Direct Line to axe 800 jobs

BREAKING NEWS: Direct Line to axe 800 jobs By Harry Wise For This Is Money Published: 11:55 GMT, 26 February 2020 | Updated: 12:26 GMT, 26 February 2020 Insurance firm Direct Line has confirmed it is to cut 800 jobs. The Churchill Insurance owner says the job cuts are a response to the increasing prevalence … Read more

Drinks giant Diageo warns it is on course to take a £200m hit from the coronavirus fallout

Drinks giant Diageo warns it’s on course to take a £200m hit from the coronavirus fallout amid bar and restaurant closures FTSE 100 listed group’s share price fell over 4% in early morning trading  Annual profits and sales expected to take a hit from virus fallout, group warns   By Jane Denton For Thisismoney Published: 09:27 … Read more

Pollen Street Secured Lending reveals takeover offer and sacks manager

Investment trust Pollen Street Secured Lending reveals US takeover approach and sacks fund manager By Daily Mail City & Finance Reporter Published: 23:36 GMT, 25 February 2020 | Updated: 23:36 GMT, 25 February 2020 US firm Waterfall Asset Management wants to buy Pollen Street Secured Lending for 900p per share in a £675m bid Investment … Read more

The Prudential can keep London listing, says Dan Loeb

The Prudential can keep its London listing and expand abroad, says billionaire investor By Lucy White For The Daily Mail Published: 23:45 GMT, 25 February 2020 | Updated: 23:45 GMT, 25 February 2020 The billionaire hedge fund boss who attacked the Prudential has been forced to back down over his demand to shift its listing … Read more