Daily Mail Business Articles

Watches of Switzerland's high sales in America help offset losses from tourism

Watches of Switzerland's high sales in America help offset losses from tourism

Watches of Switzerland’s shares surge as strong American demand for brands like Rolex and Tag Heuer more than offsets fall in international tourismWatches of Switzerland runs six showrooms at Heathrow and one at Gatwick The firm’s sales rose above £200m in the first 10 weeks of the second quarter It now expects to make between £888m and £910m in revenue this fiscal year Shares in the luxury goods seller shot up 25.2 per cent as it revealed the figuresBy Harry Wise For This Is Money Published: 07:44 EDT, 6 October 2020 | Updated: 11:48 EDT, 6 October 2020

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FCA bans sale of cryptocurrency derivatives to retail investors

FCA bans sale of cryptocurrency derivatives to retail investors

City watchdog bans sale of risky cryptocurrency-linked products to protect retail investors against shock lossesFCA bans sale of derivatives and tracking cryptocurrencies from 6 JanuaryIt said these financial products are ‘ill-suited’ for retail investors They can put small investors at risk of ‘sudden and unexpected’ lossesBy Camilla Canocchi for Thisismoney.co.uk Published: 11:18 EDT, 6 October 2020 | Updated: 11:48 EDT, 6 October 2020

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Co-op bank's fifth boss in seven years says he will step down as soon as a successor can be found

Co-op bank's fifth boss in seven years says he will step down as soon as a successor can be found

Co-op bank’s fifth boss in seven years says he will step down as soon as a successor can be foundChief executive Andrew Bester steps down after two-and-a-half years in the role  The company confirms he will stay in place until a successor is found He said his job with the troubled bank is done and fresh blood can take it forwardBy Aliki Kraterou For Mailonline Published: 05:02 EDT, 6 October 2020 | Updated: 06:07 EDT, 6 October 2020

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