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Winemaker Chapel Down crowdfunds for up to £7m to scale up
English company wants to expand North Downs vineyard and ramp up exportsThe English winemaker Chapel Down is asking the public to take part in a fresh funding round worth up to £7m that will help the business expand its vineyard in the North Downs and ramp up exports.It is the Kent company’s latest attempt to tap into investor enthusiasm for homegrown tipples as the democratisation of shareholding grows. Continue reading... -
British Gas will pay you to drive an electric car in new scheme
via express.co.ukPeople with an electric car could get paid to charge it by British Gas in a new scheme -
Inheritance tax warning as HMRC collects £1.39bn from probes in last five years
via express.co.ukHMRC recovered £285 million in unpaid Inheritance Tax in the last tax year alone, new data suggests. -
Fullers boost dividend payouts after pubs record strong food and drink sales
via express.co.ukPubs giant Fullers has hiked its shareholder dividend by nearly 21 percent after its annual pre-tax profits rocketed 39.8 percent to £14.4million. -
British Gas and Lego owners back £300m energy storage group fund raising
via express.co.ukBattery technology group Highview has secured £300million to build a large, renewable power storage facility in Manchester from investors including Centrica and Denmark's Kristiansen family, the owners of Lego. -
New 'cash limit per person’ introduced with King Charles banknotes
via express.co.ukKing Charles banknotes have officially entered circulation but there's a limit per person -
Virgin Money pauses cost cutting due to Nationwide takeover
via express.co.ukChallenger bank Virgin Money has put its cost saving restructuring plans on hold due to its £2.9million takeover by Nationwide Building Society. -
Crest dives into the red due to weak house sales, cladding and repair costs
via express.co.ukHouse builder Crest Nicholson has warned that its annual profits are set to tumble after slumping nearly £31million into the red at the halfway stage. -
Martin Lewis highlights potential £4,000 annual benefit for 500,000 UK 'heroes'
via express.co.ukThe recent Money Saving Expert - Martin Lewis's company - newsletter said 500,000 Brits could be eligible for Carer's Allowance and are not claiming it. -
Building Society launches new Cash ISA paying 5% interest and earns 'excellent' rating
via express.co.ukSavers can opt for monthly interest payments for an "income boost". -
Confidence in UK housing market dips after rise in mortgage rates; Musk says Tesla shareholders back his mega pay package – business live
Rolling coverage of the latest economic and financial newsHousebuilder Crest Nicholson slides into loss amid UK property market woesShould Tesla pay Elon Musk $45bn? The shareholders will decideShares in Tesla are rallying in pre-market trading, after Elon Musk posted that shareholders are voting in favour of his $56bn pay award.They’re up around 6.6% at $189, which would recover some of their 28% fall so far this year (they began January near $250).“A crunch vote on Elon Musk’ -
UK housebuilder Crest Nicholson slides into loss amid property market woes
Company issues profit warning and slashes dividend, saying buyers are waiting for interest rate cutsBusiness live – latest updatesThe UK housebuilder Crest Nicholson has tumbled into the red and slashed its dividend, highlighting the struggles in the UK property sector.Warning for the fourth time in a year that profits would be below expectations, the FTSE 250 company said it continued to be buffeted by volatile mortgage rates and slowing demand in the housing market. Continue reading... -
Dutch lorry drivers could stop bringing goods to UK if post-Brexit delays not cut
Dutch hauliers say facilities at border posts where some trucks are held for up to 20 hours are inadequateItalian driver’s lorry held for 55 hours at UK border postBusiness live – latest updatesLorry drivers could start rejecting jobs transporting goods from continental Europe to the UK unless delays are reduced and driver conditions improved at post-Brexit border posts, the biggest trade body for Dutch hauliers has warned.Transport en Logistiek Nederland (TLN), which represents 5,00 -
‘Perilous for democracy, good for profits’: is big business ready to love Trump again?
Once-critical CEOs have reasons to back a second Trump term, with plans for tax breaks and reduced worker powerChief executives of some of America’s largest companies will meet privately with Donald Trump later on Thursday, and many CEOs who were once critical of his unprecedented conduct appear increasingly open to the former president’s return to office, a Guardian analysis has found.The private audience with the former president will take place at the quarterly gathering of the Bu -
Apple says long-awaited AI will set new privacy standards – but experts are divided
Apple maintains its in-house AI is made with security in mind, but some professionals say ‘it remains to be seen’At its annual developers conference on Monday, Apple announced its long-awaited artificial intelligence system, Apple Intelligence, which will customize user experiences, automate tasks and – the CEO Tim Cook promised – will usher in a “new standard for privacy in AI”.While Apple maintains its in-house AI is made with security in mind, its partnersh -
Tabcorp fined $270,000 over child gambling in 13 venues
The Victorian watchdog said the betting giant had undermined ‘the integrity and safety’ of the industryFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastTabcorp has been ordered to pay more than $370,000 after admitting it failed to stop a child from gambling across multiple Victorian venues.The company pleaded guilty to 43 charges in Melbourne magistrates court after first being charged by the Victorian Gam -
Dartford Crossing charge firm doesn’t reply over payment errors
Money has been taken unnecessarily on several occasions but I am hitting a brick wallI have an account with Dart Charge as I use the Dartford Crossing about once a month. This allows it to top up my account from my credit card.However, on several occasions, it has taken money unnecessarily. It has also made “other charges” for no apparent reason. This occurred three times late last year, and twice this year. Continue reading... -
Tory welfare reform cost working-age families thousands while pensioners benefited – report
Retirees or those on disability benefit are biggest annual winners, while large families are £4,600 worse off, says Resolution FoundationPensioners and people on disability benefits are the winners from radical changes to the welfare system made by the Tories over the last decade, while working-age families are losing out by thousands of pounds every year, according to a report by the Resolution Foundation.The Conservatives’ 14-year overhaul of social security has shifted spending aw -
Starmer promises ‘long-term strategy’ in business-friendly Labour manifesto
Labour puts economic policy and wealth creation at heart of pitch to win over former Conservative votersUK politics live: latest updatesKeir Starmer will put economic growth and wealth creation at the heart of Labour’s offer to voters as he launches a business-friendly manifesto targeted at former Conservative voters.The Labour leader will launch his election manifesto in Greater Manchester on Thursday, promising to emphasise economic stability in a deliberate contrast to the Conservatives -
US settles for $4.47bn with now bankrupt crypto firm Terraform Labs
Crypto firm was found liable for defrauding investors who lost nearly $40bn when its tokens collapsed in 2022Terraform Labs reached a $4.47bn civil settlement with the US Securities and Exchange Commission, after being found liable by a jury for defrauding cryptocurrency investors who lost an estimated $40bn when the TerraUSD and Luna tokens collapsed in 2022, leading to a disastrous downturn that affected the entire crypto industry.A proposed final judgment covering Terraform and its founder Do -
Jeff Bezos once saved the Washington Post. Now he needs to do it again | Margaret Sullivan
The paper’s reinvention, with the appointment of Will Lewis as publisher, is a mess – but there’s still time to turn things aroundGet Margaret Sullivan’s latest columns delivered straight to your inboxWhat’s the point of owning the Washington Post if it’s no longer the Washington Post? By that, I mean the iconic US newspaper whose storied reputation is based on holding powerful people and institutions accountable, all for the sake of democracy? The paper that -
Federal Reserve holds interest rates at two-decade high as it waits for inflation to cool
Instead of cutting rates, central bank keeps them between 5.25% and 5.5%, where they have been for nearly a yearThe Federal Reserve held interest rates at a two-decade high on Wednesday, as it awaits more signs of inflation cooling.Officials at the US central bank expect to cut rates just once this year, according to projections released on Wednesday after their latest two-day meeting. Continue reading... -
The Guardian view on water privatisation: end an experiment that has failed | Editorial
Labour should take lessons from the Netherlands, where public sector firms are funded by a state-owned bankThe private sector provision of water services in England is an oddity in the world: 90% of countries run state-owned operations. Even in Europe, it is the only country to have sold its water resources – including pipes, reservoirs, boreholes and treatment plants – to private owners, now mostly a collection of sovereign wealth, infrastructure and pension funds. The decision to p -
Man, 46, arrested in connection with criminal investigation into PPE Medpro
Suspect understood to have been arrested on suspicion of offences including conspiracy to commit fraudAn arrest has been made in connection with the criminal investigation into PPE Medpro, the company that was awarded large government personal protective equipment contracts during the Covid pandemic.In a statement, the National Crime Agency (NCA) said a 46-year-old man had been arrested at his north London home. Continue reading... -
How will new EU tariffs on Chinese electric vehicles work?
The tariffs are aimed at countering the alleged state support handed to China’s car manufacturing industry• EU to put tariffs of up to 38% on Chinese EVs as trade war loomsThe EU has told Beijing that it plans to impose new tariffs on imports of Chinese electric vehicles into the trading bloc, potentially triggering a trade war.So what are the details, how will it affect the industry and will the price of cars on the dealership forecourt be affected? Continue reading... -
Legal & General to expand pensions and sell housebuilder Cala
Insurance and asset management group’s new chief promises a ‘simpler’ business, focused on three divisionsThe new boss of Legal & General has announced a shake-up of the company, including a sharper focus on its booming pensions arm and putting its housebuilding business up for sale.The insurance and asset management group’s new chief executive, António Simões, a banker who started in January and previously worked for Santander and HSBC, promised a &ldqu -
Co-op Bank customers voice anger as business payments taken twice
via theguardian.comSome users say they were forced into overdrafts because past transactions were repeatedBusiness live – latest updatesCo-operative Bank customers have hit out at the lender after a glitch led to payments being taken twice from some business accounts.Customers said they had been pushed into their overdrafts because of the problem, which has resulted in previous payments, sometimes made several weeks before, being duplicated. Continue reading... -
Is my Samsung laptop not all it’s cracked up to be?
via theguardian.comMy Galaxy Book 360 from Currys developed screen cracks while it was just sitting on a tableIn February I bought a Samsung Galaxy Book 360 convertible laptop from Currys and paid £1,279.After a couple of months, while sitting on a table overnight, it developed two hairline cracks across the screen. This device has never been dropped or damaged by me. Continue reading... -
Deals on food and homemade toys: seven ways to cut the cost of cat ownership
via theguardian.comA cat will set you back thousands over its lifetime, but good insurance and buying secondhand can help you saveThe cost of owning a cat varies depending on the breed you get. It will set you back at least £11,100 to care for the average cat over its lifetime, according to pet charity People’s Dispensary for Sick Animals (PDSA). This includes the cost of insurance but doesn’t include additional vet bills for illness or injury. Continue reading... -
Man who survived ebike fire that killed his family fights for change to UK law
via theguardian.comScott Peden, whose partner and two children died after battery exploded, calls for compulsory regulationA man who narrowly survived an ebike battery fire that killed his partner and two children says he is tormented by grief and guilt but determined to fight to change the law to avoid similar tragedies.Scott Peden, 31, was placed in an induced coma for a month after suffering 15% internal burns when he tried to wrestle his burning ebike out of his Cambridge flat last June. He also smashed his he
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