Business & Money

Business & Money

Leon founder buys chain back from Asda at healthy discount

John Vincent regains the business sold to the Issa brothers for £100m for as little as £30m, suggest analysts

A woman working in the bakery section of the Food Hall Marks and Spencer store in Aberystwyth, Wales.
Retailers resort to ‘ungentlemanly’ tactics in UK turf war

Lidl, Aldi, M&S and Home Bargains are among the businesses finding increasingly aggressive ways to grow because developers are not building the space

Princes float fails to get City sizzling

The food supplier behind Princes tuna and Crisp ’N Dry makes stock market debut with £1.16bn valuation in test of London’s recovery

Stephen Yiu, fund manager and co-founder of Blue Whale Capital, sitting on a gray couch in front of a white wall with blue whale and green jellyfish illustrations.
ANALYSIS
INTERVIEW
London stockpicker has whale of a time riding on Nvidia wave

The position taken in 2021 by Stephen Yiu, of Blue Whale Growth Fund, has helped it produce a 213 per cent return since its launch

BT Openreach engineer upgrading a telephone exchange to superfast broadband.
Bad broadband loans breed caution at National Wealth Fund

The government-backed fund’s losses widen to £152m as loans to Britain’s broadband challengers turn sour

Nvidia CEO Jensen Huang holding up a small circuit board at CES 2025.
Nvidia CEO Jensen Huang holding up a small circuit board at CES 2025.
Wall Street bulls keep faith with Nvidia’s dizzying rise

It took less than four months to add the $1 trillion that made the chipmaker the first $5 trillion company and analysts see no sign of it slowing down

BT Openreach engineer upgrading a telephone exchange to superfast broadband.
Bad broadband loans breed caution at National Wealth Fund

The government-backed fund’s losses widen to £152m as loans to Britain’s broadband challengers turn sour

Nvidia CEO Jensen Huang holding up a small circuit board at CES 2025.
Nvidia CEO Jensen Huang holding up a small circuit board at CES 2025.
Wall Street bulls keep faith with Nvidia’s dizzying rise

It took less than four months to add the $1 trillion that made the chipmaker the first $5 trillion company and analysts see no sign of it slowing down

UK gilts rally could give Rachel Reeves a reason to smile

The chancellor may have billions extra in the budget after a strong performance by government bonds in October drove down yields

The Bank of England headquarters with the Union Jack flag flying, symbolizing the UK economy, finance, and monetary policy.
The Bank of England headquarters with the Union Jack flag flying, symbolizing the UK economy, finance, and monetary policy.
Bank of England interest rate cut finely balanced
Two electric vertical takeoff and landing (eVTOL) aircraft, one on the ground and one in the air, during a demonstration in New York.
Two electric vertical takeoff and landing (eVTOL) aircraft, one on the ground and one in the air, during a demonstration in New York.
Electric air taxi to the airport? It’s coming soon
Two young women looking at property adverts in an estate agent's window in Edinburgh.
Two young women looking at property adverts in an estate agent's window in Edinburgh.
UK house prices rose more than expected in October
Tom Greenwood, chief executive of Helios Towers, seated at a table with various dishes of Greek food in front of him at Lemonia Greek restaurant.
Tom Greenwood, chief executive of Helios Towers, seated at a table with various dishes of Greek food in front of him at Lemonia Greek restaurant.
INTERVIEW
LUNCH WITH THE TIMES
Helios Towers boss: Demand for mobile data is a mega trend in Africa
Rachel Reeves, Chancellor of the Exchequer, exits 11 Downing Street.
Rachel Reeves, Chancellor of the Exchequer, exits 11 Downing Street.
UK gilts rally could give Rachel Reeves a reason to smile
Rachel Reeves, Chancellor of the Exchequer, exits 11 Downing Street.
Rachel Reeves, Chancellor of the Exchequer, exits 11 Downing Street.
UK gilts rally could give Rachel Reeves a reason to smile
The Bank of England headquarters with the Union Jack flag flying, symbolizing the UK economy, finance, and monetary policy.
The Bank of England headquarters with the Union Jack flag flying, symbolizing the UK economy, finance, and monetary policy.
Bank of England interest rate cut finely balanced
The Bank of England headquarters with the Union Jack flag flying, symbolizing the UK economy, finance, and monetary policy.
The Bank of England headquarters with the Union Jack flag flying, symbolizing the UK economy, finance, and monetary policy.
Bank of England interest rate cut finely balanced
Two electric vertical takeoff and landing (eVTOL) aircraft, one on the ground and one in the air, during a demonstration in New York.
Two electric vertical takeoff and landing (eVTOL) aircraft, one on the ground and one in the air, during a demonstration in New York.
Electric air taxi to the airport? It’s coming soon
Two electric vertical takeoff and landing (eVTOL) aircraft, one on the ground and one in the air, during a demonstration in New York.
Two electric vertical takeoff and landing (eVTOL) aircraft, one on the ground and one in the air, during a demonstration in New York.
Electric air taxi to the airport? It’s coming soon
Two young women looking at property adverts in an estate agent's window in Edinburgh.
Two young women looking at property adverts in an estate agent's window in Edinburgh.
UK house prices rose more than expected in October
Two young women looking at property adverts in an estate agent's window in Edinburgh.
Two young women looking at property adverts in an estate agent's window in Edinburgh.
UK house prices rose more than expected in October
Tom Greenwood, chief executive of Helios Towers, seated at a table with various dishes of Greek food in front of him at Lemonia Greek restaurant.
Tom Greenwood, chief executive of Helios Towers, seated at a table with various dishes of Greek food in front of him at Lemonia Greek restaurant.
INTERVIEW
LUNCH WITH THE TIMES
Helios Towers boss: Demand for mobile data is a mega trend in Africa
Tom Greenwood, chief executive of Helios Towers, seated at a table with various dishes of Greek food in front of him at Lemonia Greek restaurant.
Tom Greenwood, chief executive of Helios Towers, seated at a table with various dishes of Greek food in front of him at Lemonia Greek restaurant.
INTERVIEW
LUNCH WITH THE TIMES
Helios Towers boss: Demand for mobile data is a mega trend in Africa
UK gilts rally could give Rachel Reeves a reason to smile

The chancellor may have billions extra in the budget after a strong performance by government bonds in October drove down yields

The Bank of England headquarters with the Union Jack flag flying, symbolizing the UK economy, finance, and monetary policy.
The Bank of England headquarters with the Union Jack flag flying, symbolizing the UK economy, finance, and monetary policy.
Bank of England interest rate cut finely balanced
Two electric vertical takeoff and landing (eVTOL) aircraft, one on the ground and one in the air, during a demonstration in New York.
Two electric vertical takeoff and landing (eVTOL) aircraft, one on the ground and one in the air, during a demonstration in New York.
Electric air taxi to the airport? It’s coming soon
Rachel Reeves, Chancellor of the Exchequer, exits 11 Downing Street.
Rachel Reeves, Chancellor of the Exchequer, exits 11 Downing Street.
UK gilts rally could give Rachel Reeves a reason to smile
Rachel Reeves, Chancellor of the Exchequer, exits 11 Downing Street.
Rachel Reeves, Chancellor of the Exchequer, exits 11 Downing Street.
UK gilts rally could give Rachel Reeves a reason to smile
The Bank of England headquarters with the Union Jack flag flying, symbolizing the UK economy, finance, and monetary policy.
The Bank of England headquarters with the Union Jack flag flying, symbolizing the UK economy, finance, and monetary policy.
Bank of England interest rate cut finely balanced
The Bank of England headquarters with the Union Jack flag flying, symbolizing the UK economy, finance, and monetary policy.
The Bank of England headquarters with the Union Jack flag flying, symbolizing the UK economy, finance, and monetary policy.
Bank of England interest rate cut finely balanced
Two electric vertical takeoff and landing (eVTOL) aircraft, one on the ground and one in the air, during a demonstration in New York.
Two electric vertical takeoff and landing (eVTOL) aircraft, one on the ground and one in the air, during a demonstration in New York.
Electric air taxi to the airport? It’s coming soon
Two electric vertical takeoff and landing (eVTOL) aircraft, one on the ground and one in the air, during a demonstration in New York.
Two electric vertical takeoff and landing (eVTOL) aircraft, one on the ground and one in the air, during a demonstration in New York.
Electric air taxi to the airport? It’s coming soon
Two young women looking at property adverts in an estate agent's window in Edinburgh.
UK house prices rose more than expected in October

Nationwide says demand resilient despite possible of the chancellor proposing property‑related tax reforms in next month’s budget

Tom Greenwood, chief executive of Helios Towers, seated at a table with various dishes of Greek food in front of him at Lemonia Greek restaurant.
Tom Greenwood, chief executive of Helios Towers, seated at a table with various dishes of Greek food in front of him at Lemonia Greek restaurant.
INTERVIEW
LUNCH WITH THE TIMES
Helios Towers boss: Demand for mobile data is a mega trend in Africa

Tom Greenwood explains why digital inclusion is driving the market for its mobile phone masts

Rachel Reeves, Chancellor of the Exchequer, exits 11 Downing Street.
UK gilts rally could give Rachel Reeves a reason to smile
The Bank of England headquarters with the Union Jack flag flying, symbolizing the UK economy, finance, and monetary policy.
The Bank of England headquarters with the Union Jack flag flying, symbolizing the UK economy, finance, and monetary policy.
Bank of England interest rate cut finely balanced
Two electric vertical takeoff and landing (eVTOL) aircraft, one on the ground and one in the air, during a demonstration in New York.
Two electric vertical takeoff and landing (eVTOL) aircraft, one on the ground and one in the air, during a demonstration in New York.
Electric air taxi to the airport? It’s coming soon
Two young women looking at property adverts in an estate agent's window in Edinburgh.
Two young women looking at property adverts in an estate agent's window in Edinburgh.
UK house prices rose more than expected in October
Tom Greenwood, chief executive of Helios Towers, seated at a table with various dishes of Greek food in front of him at Lemonia Greek restaurant.
Tom Greenwood, chief executive of Helios Towers, seated at a table with various dishes of Greek food in front of him at Lemonia Greek restaurant.
INTERVIEW
LUNCH WITH THE TIMES
Helios Towers boss: Demand for mobile data is a mega trend in Africa
Rachel Reeves, Chancellor of the Exchequer, exits 11 Downing Street.
Rachel Reeves, Chancellor of the Exchequer, exits 11 Downing Street.
UK gilts rally could give Rachel Reeves a reason to smile
Rachel Reeves, Chancellor of the Exchequer, exits 11 Downing Street.
Rachel Reeves, Chancellor of the Exchequer, exits 11 Downing Street.
UK gilts rally could give Rachel Reeves a reason to smile
The Bank of England headquarters with the Union Jack flag flying, symbolizing the UK economy, finance, and monetary policy.
The Bank of England headquarters with the Union Jack flag flying, symbolizing the UK economy, finance, and monetary policy.
Bank of England interest rate cut finely balanced
The Bank of England headquarters with the Union Jack flag flying, symbolizing the UK economy, finance, and monetary policy.
The Bank of England headquarters with the Union Jack flag flying, symbolizing the UK economy, finance, and monetary policy.
Bank of England interest rate cut finely balanced
Two electric vertical takeoff and landing (eVTOL) aircraft, one on the ground and one in the air, during a demonstration in New York.
Two electric vertical takeoff and landing (eVTOL) aircraft, one on the ground and one in the air, during a demonstration in New York.
Electric air taxi to the airport? It’s coming soon
Two electric vertical takeoff and landing (eVTOL) aircraft, one on the ground and one in the air, during a demonstration in New York.
Two electric vertical takeoff and landing (eVTOL) aircraft, one on the ground and one in the air, during a demonstration in New York.
Electric air taxi to the airport? It’s coming soon
Two young women looking at property adverts in an estate agent's window in Edinburgh.
Two young women looking at property adverts in an estate agent's window in Edinburgh.
UK house prices rose more than expected in October
Two young women looking at property adverts in an estate agent's window in Edinburgh.
Two young women looking at property adverts in an estate agent's window in Edinburgh.
UK house prices rose more than expected in October
Tom Greenwood, chief executive of Helios Towers, seated at a table with various dishes of Greek food in front of him at Lemonia Greek restaurant.
Tom Greenwood, chief executive of Helios Towers, seated at a table with various dishes of Greek food in front of him at Lemonia Greek restaurant.
INTERVIEW
LUNCH WITH THE TIMES
Helios Towers boss: Demand for mobile data is a mega trend in Africa
Tom Greenwood, chief executive of Helios Towers, seated at a table with various dishes of Greek food in front of him at Lemonia Greek restaurant.
Tom Greenwood, chief executive of Helios Towers, seated at a table with various dishes of Greek food in front of him at Lemonia Greek restaurant.
INTERVIEW
LUNCH WITH THE TIMES
Helios Towers boss: Demand for mobile data is a mega trend in Africa
Rachel Reeves, Chancellor of the Exchequer, exits 11 Downing Street.
UK gilts rally could give Rachel Reeves a reason to smile
The Bank of England headquarters with the Union Jack flag flying, symbolizing the UK economy, finance, and monetary policy.
The Bank of England headquarters with the Union Jack flag flying, symbolizing the UK economy, finance, and monetary policy.
Bank of England interest rate cut finely balanced
Two electric vertical takeoff and landing (eVTOL) aircraft, one on the ground and one in the air, during a demonstration in New York.
Two electric vertical takeoff and landing (eVTOL) aircraft, one on the ground and one in the air, during a demonstration in New York.
Electric air taxi to the airport? It’s coming soon
Rachel Reeves, Chancellor of the Exchequer, exits 11 Downing Street.
Rachel Reeves, Chancellor of the Exchequer, exits 11 Downing Street.
UK gilts rally could give Rachel Reeves a reason to smile
Rachel Reeves, Chancellor of the Exchequer, exits 11 Downing Street.
Rachel Reeves, Chancellor of the Exchequer, exits 11 Downing Street.
UK gilts rally could give Rachel Reeves a reason to smile
The Bank of England headquarters with the Union Jack flag flying, symbolizing the UK economy, finance, and monetary policy.
The Bank of England headquarters with the Union Jack flag flying, symbolizing the UK economy, finance, and monetary policy.
Bank of England interest rate cut finely balanced
The Bank of England headquarters with the Union Jack flag flying, symbolizing the UK economy, finance, and monetary policy.
The Bank of England headquarters with the Union Jack flag flying, symbolizing the UK economy, finance, and monetary policy.
Bank of England interest rate cut finely balanced
Two electric vertical takeoff and landing (eVTOL) aircraft, one on the ground and one in the air, during a demonstration in New York.
Two electric vertical takeoff and landing (eVTOL) aircraft, one on the ground and one in the air, during a demonstration in New York.
Electric air taxi to the airport? It’s coming soon
Two electric vertical takeoff and landing (eVTOL) aircraft, one on the ground and one in the air, during a demonstration in New York.
Two electric vertical takeoff and landing (eVTOL) aircraft, one on the ground and one in the air, during a demonstration in New York.
Electric air taxi to the airport? It’s coming soon
Two young women looking at property adverts in an estate agent's window in Edinburgh.
Two young women looking at property adverts in an estate agent's window in Edinburgh.
UK house prices rose more than expected in October
Tom Greenwood, chief executive of Helios Towers, seated at a table with various dishes of Greek food in front of him at Lemonia Greek restaurant.
Tom Greenwood, chief executive of Helios Towers, seated at a table with various dishes of Greek food in front of him at Lemonia Greek restaurant.
INTERVIEW
LUNCH WITH THE TIMES
Helios Towers boss: Demand for mobile data is a mega trend in Africa
a man in a suit and tie stands with his arms crossed
Dominic O'ConnellCountries want weak currencies and it makes gold a good bet
a man wearing glasses and a blue shirt has his arms crossed
Harry WallopAppraisals are a waste of time — you can’t measure competence
Collage of an Aston Martin DB5, an Aston Martin Formula 1 car, the Aston Martin logo, and stock market charts.
Robert LeaIs it worth hanging on to Aston Martin Lagonda stock?

Money

Simon Shaw, a smiling man with white hair and a patterned shirt.
‘I’ve paid thousands in licence fees — Reeves should be punished’

Landlords who have had to shell out under similar schemes are angry that the chancellor failed to get on top of her own legislation

a woman stands in front of a speech bubble with a question mark on it
Anna BowesMum is downsizing. What should she do with her £740,000 until she buys?
Photo of Ben Wilkinson.
Ben WilkinsonThe middle class has been mis-sold the double-income dream
Illustration of a businessman in a suit with his head in his hands, standing next to a declining stock market graph.
‘We invested in an erectile dysfunction firm — it was a flop’
Johnny Ball at the RHS Hampton Court Palace Garden Festival.
FAME AND FORTUNE
Johnny Ball: I warned the Beatles there’s no money in rock’n’roll
HM Revenue & Customs heading on a UK Government tax form surrounded by UK banknotes and coins.
The number of pensioners caught in the 60% tax trap doubles
Louis James smiling at an outdoor restaurant.
‘Life’s too short’ — why CV gaps are no longer taboo
Illustration of a businessman in a suit with his head in his hands, standing next to a declining stock market graph.
‘We invested in an erectile dysfunction firm — it was a flop’
Johnny Ball at the RHS Hampton Court Palace Garden Festival.
FAME AND FORTUNE
Johnny Ball: I warned the Beatles there’s no money in rock’n’roll
HM Revenue & Customs heading on a UK Government tax form surrounded by UK banknotes and coins.
The number of pensioners caught in the 60% tax trap doubles
Louis James smiling at an outdoor restaurant.
‘Life’s too short’ — why CV gaps are no longer taboo
a woman stands in front of a speech bubble with a question mark on it
Anna BowesMum is downsizing. What should she do with her £740,000 until she buys?
Photo of Ben Wilkinson.
Ben WilkinsonThe middle class has been mis-sold the double-income dream
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Economics

Illustration of live market data collage with buildings, money, bitcoin, and scissors cutting a coin.
Stock market slide ends record FTSE 100 run

London’s leading index down, as Wall Street opens lower with Meta shares dropping sharply

Illustration of live market data collage with buildings, money, bitcoin, and scissors cutting a coin.
Stock market slide ends record FTSE 100 run
US cuts interest rates for second month amid slowing labour market concerns

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