Business

Any party you’ve been to over the last 10 years is likely to have featured a caterpillar cake. Now, researchers have answered the ultimate question: which is the best? Marks and Spencer’s Colin the caterpillar and Aldi’s Cuthbert the caterpillar might have been the cakes in the headlines in recent years, after M&S accused Aldi

Mike Wirth, CEO of Chevron and John Hess, CEO of Hess, appear on CNBC to speak about Chevron’s deal to buy Hess Corp for $53 billion all-stock deal, on the floor of the New York Stock Exchange (NYSE) in New York City, October 23, 2023. Brendan McDermid | Reuters Hess Corp. is reviewing the timeline for

Nationwide Building Society has agreed terms for a potential takeover of Virgin Money in a deal that would value the bank at £2.9bn. While nothing has been finalised, the offer on the table would see the two brands continue to be run as separate entities, with the Virgin Money brand retained for around six years.

Shares of struggling New York Community Bancorp. fell more than 40% on Wednesday amid reports that the regional bank is seeking a cash infusion. Reuters and The Wall Street Journal reported on Wednesday that the bank was looking to outside investors for cash to shore up its balance sheet. NYCB did not immediately respond to

Young drivers with automatic-only licences face paying £760 more for car insurance than those who can also drive a manual vehicle, according to new figures. In what is described as a “concerning” rise, figures from Compare the Market show motorists under 25 with automatic licences now pay £2,803 on average. That is a year-on-year increase

The steady march to new highs for the stock market has proven many a market strategist wrong over the past year. Now the bull market starting to deal the final blows to investment strategies that bet against it. The Simplify Tail Risk ETF , which trades under the cheeky ticker “CYA,” is headed for liquidation

The Post Office’s embattled chief executive has been issued with a final chance to submit the 80-page investigation into his conduct before a committee of MPs look to formally summon the report. After a number of lapsed deadlines to provide the report, Nick Read has been told by the Business and Trade Committee chair he

A Boeing 737 passenger aircraft of American Airlines arrives from Austin at JFK International Airport in New York as the Manhattan skyline looms in the background on February 7, 2024. Charly Triballeau | Afp | Getty Images American Airlines said Monday that 80% of its revenue this year will come from loyalty program members and

Jeremy Hunt is considering a last minute further cut to public spending to boost the tax giveaway in Wednesday’s budget. The Politics At Jack And Sam’s podcast, out now, sets out how Number 10 and 11 have spent recent days finding as many different ways of raising future revenue as possible to increase the size

Sandworms emerge on the desert planet Arrakis in Denis Villeneuve’s “Dune: Part Two.” Warner Bros. | Legendary Entertainment After a two-month drought, “Dune: Part Two” has delivered a much-welcomed deluge of ticket sales to the domestic box office — and its success could bring a third franchise film to cinemas. The Warner Bros. and Legendary

Chancellor Jeremy Hunt has tempered expectations of tax cuts in Wednesday’s budget as he announced an £800m package of technology reforms designed to free up time for frontline public sector workers. As part of Treasury reforms, police will use drones to assess incidents such as traffic collisions and artificial intelligence will be deployed to cut

Republican presidential candidate and former President Donald Trump thanks supporters after speaking at a Get Out The Vote rally at Winthrop University on February 23, 2024 in Rock Hill, South Carolina. Win Mcnamee | Getty Images Donald Trump won Missouri’s Republican caucuses, one of three events Saturday that will award delegates for the GOP presidential

London’s Tube and train fares will be cut on Fridays as the capital’s mayor tries to lure more people on to public transport. Sadiq Khan hopes that increasing the number of workers going to offices on Fridays will raise extra money for the hospitality sector through additional spending on lunches, after-work drinks and evening entertainment.

The stock market has been on a tear recently, but some stocks may have gotten ahead of themselves. The S & P 500 hit a fresh intraday record on Friday, building on what was a stellar February for Wall Street. Last month, the benchmark rallied 5.2% — its fourth straight monthly gain. The Nasdaq Composite

The UK car industry has pleaded with the chancellor to help get the transition to electric vehicles (EVs) back on track when he delivers his budget next week, accusing the government of creating an own goal. The Society for Motor Manufacturers and Traders (SMMT) said it was clear that the decision to delay the ban