MIDAS SHARE TIPS UPDATE: Cake Box serves up profit treat

Economic figures are grim, unemployment is shooting up and retailers across the country are battening down the hatches. Not Cake Box. The specialist cake chain last week reported upbeat half-year figures and said prospects are better than ever.  Admittedly, chief executive Sukh Chamdal kept every outlet shut for the first …

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Private equity firms approach Sabadell about buying TSB

Private equity firms have approached Sabadell about buying TSB from the Spanish bank.  It is understood that NewDay, a credit card provider, looked at a possible merger with TSB earlier this year. It is not known if NewDay is still interested.  Sabadell, which bought TSB in 2015 for £1.7billion, said …

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Short-term bonuses are hiding real saving rates

Savers looking for a safe place for their cash face a raft of penalties, restrictions and teaser rates, research conducted on behalf of The Mail on Sunday reveals.  Of the top 50 instant access savings accounts, more than half are not straightforward.  Sixteen limit the number of withdrawals savers can …

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Woodford Equity Income action wins key backing from ShareSoc

Powerful shareholder organisation ShareSoc has given its backing to a class action being put together by law firm Leigh Day that seeks justice for investors who lost money as a result of the break-up of investment fund Woodford Equity Income.  ShareSoc says it wants to help Woodford investors get compensation …

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Bentley roars ahead – as rich fuel hopes of post-Covid boom

The boss of Bentley has said the luxury car market is experiencing a ‘post-war boom effect’ in a sign that wealthy drivers are ready to splash out again.  Adrian Hallmark, chief executive and chairman of the Volkswagen-owned car maker, revealed the company had seen a surge in demand in Europe, …

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British vaccine chief gets £58m shot in the arm as shares rocket

A little-known British pharmaceutical executive working on a Covid vaccine has seen his wealth catapulted to more than $100million (£75million) after the value of his shares rocketed.  Sean Marett – chief business and chief commercial officer at BioNTech, the German vaccine partner of US giant Pfizer – has benefited as …

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Debenhams rescue is hanging by a thread

A white knight rescue of Debenhams was last night hanging by a thread, with a final decision by suitor JD Sports expected within days.  The potential deal – understood to include a raft of stores and the chain’s online business – is widely seen as the last chance to save …

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Airbus says extra defence spending vital to protect satellites

Airbus has said the extra defence spending announced by the Government this month is vital to protect Britain’s satellites from attack.  Prime Minister Boris Johnson has faced difficult questions since revealing plans to add £16.5 billion to the defence budget just as the Government battles the Covid crisis.  Battle: Airbus …

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Plea over 25,000 jobs at EDF’s Sizewell C nuclear plant

Firms lined up to work on EDF’s Sizewell C nuclear plant in Suffolk say they need a green light from the Government by Christmas to protect 25,000 jobs.  The Sizewell C Consortium of more than 150 contractors warned of a looming ‘cliff edge’ because many firms’ work on Hinkley Point …

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M&S could buy Austin Reed alongside its sister label Jaeger

Marks & Spencer directors have met in recent days to discuss the possibility of buying menswear brand Austin Reed alongside its sister label Jaeger, The Mail on Sunday can reveal.  The discussion is understood to have included buying wedding and occasionwear brand Jacques Vert. All three are part of the …

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