Williams Formula One team bought by US private equity firm

The Formula One team founded by racing legend Sir Frank Williams has been bought by a US private equity firm.  Williams Grand Prix Engineering, which has been struggling with a run of poor performance on the race circuit, announced Dorilton Capital was buying it for £136m.  Williams was the last …

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MAGGIE PAGANO: Sunak should take note of Apple’s rise

Apple, which is the world’s most valuable company after breaking through the $2trillion mark, is also worth more than the value of all companies listed on the FTSE 100 index.  That means the iPhone maker, which in sterling terms has a market cap of £1.5trillion, is worth 20 times more …

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Tesla bigger than Walmart! Shares race past $2,000 milestone

Tesla has raced pass Walmart in value, marking another extraordinary milestone in the electric car maker’s rise.  A fresh surge in the firm’s share price has taken its market capitalisation to $373billion, eclipsing the US supermarket group’s $370billion.  It comes ahead of Tesla’s planned shares split, which will see investors …

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GYG says coronavirus has not dented demand for big boats

Superyacht painting and maintenance firm GYG says the coronavirus crisis has not dented demand from the super-rich for big boats.  The company yesterday said its order book grew from £35m to £38m in the six months to June 30, including a contract for an 80- metre vessel beginning in the …

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MARKET REPORT: Airline stocks take off with Portugal boost

Airline stocks took off yesterday after Portugal was added to the UK’s list of safe holiday destinations.  Ministers said travellers returning from the country will no longer have to go into quarantine from Saturday, prompting a huge surge in bookings.  Portugal is a firm favourite of sun-seekers, with some 1.8m …

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Mum shares creative way to give money as gift – and people think it’s

When it comes to giving your kids presents, as they get older it can be difficult to find the perfect gift. Sometimes there’s nothing they need, or they’re just too picky. So the obvious solution might be to give them some money and let them choose something for themself. But …

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How are the BRICS getting on a decade later and would you invest in

This year marks a decade since ‘the BRICS’ was coined as shorthand for the investment strategy that argued its emerging market members could grow faster than their developed counterparts.   Brazil, Russia, India, China and South Africa were all considered a strong bet for growth between 2010 and today – not …

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High Street shops left behind in UK’s economic recovery

The future of thousands of businesses ‘hangs in the balance’ as the High Street is left behind in the UK’s economic recovery, industry leaders warned yesterday.  Figures showed retail sales rose above pre-pandemic levels for the first time in July – but experts said this disguised a gaping divide between …

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One in six workers returns to office despite Government plea

Only one in six workers has returned to the office despite pleas to do so from the Government, according to analysis.  Worker footfall in cities was still just 17 per cent of pre-lockdown levels during the first two weeks of this month, despite guidance giving businesses the freedom to summon …

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