Updated: 16:52 EDT

MARKET REPORT: Controversial boss of high interest lender Amigo Loans set to bag millions

Amigo, which lends to individuals with a bad credit history at an average interest rate of 50 per cent, announced that it would list at a price of 275p per share. This will give the business a market value of £1.3 billion, bagging founder James Benamor and other senior managers at the business £326.8m between them. He was accused ten years ago of running a 'scam' through his business Richmond Group, which involved getting customers to pay a £50 brokerage fee in the hope they would be given a loan. Many were just given the phone numbers of other banks, but Benamor denied misleading clients.

The 55-year-old, a diversity campaigner who came out as bisexual in 2008, was paid £1.3m last year, taking her earnings since becoming chief executive to £5.9m.

The DIY chain is sounding out advisers for a company voluntary agreement. The CVA would come on top of a store closure programme.

US West Texas Intermediate, which is a second market for oil behind Brent Crude, reached $74.03 its highest level since November 2014. Brent crude rose to $77.85 a barrel.

The information that Netflix, or Amazon has about us enables them to craft services designed for our wishes, desires and needs. Should we lament this? Surely not. It is our choice.

Elliott, run by tycoon Paul Singer, had made demands over the merger of Tata Steel and German-owned Thyssenkrupp after building a stake in the latter.

Having previously reported that the economy grew by 0.1 per cent in the first quarter of the year, the Office for National Statistics now says the correct figure is a 0.2 per cent rise.

The carrier, which offers budget flights across a number of African countries, warned earlier this week that it is at risk of going bust.

GfK's long-running consumer confidence index fell two points to -9 in June as Britons reported a marked deterioration in their optimism about the general economy.

How to find the best company shares to invest in

'It's a question of working out who's got a good business model, who makes a profit, who's borrowed too much money and has a balance sheet that will evaporate at the first sign of trouble.' David Miller, investment director at Quilter Cheviot, and a committed stock picker with decades of experience gives us his tips on buying shares..

The UK's biggest supermarket has boosted sales of its own-label products by phasing out its everyday value brand and clearing its shelves of its thousands of items of non-Tesco produce.

The calculation that five million people born between 1973 and 1993 will on average inherit £233,000 from their parents gives a new twist to the Bank of Mum and Dad story.

In his latest drastic measure, the 47-year-old has been personally overseeing efforts to crank out 5,000 of the Model 3 electric cars per week, sometimes not leaving the site for days at a time.

New Persimmon chairman and boardroom veteran Roger Devlin will join the committee along with non-executive director Rachel Kentleton.

Research firm Kantar Worldpanel said that shoppers shunning the High Street, and retailers resorting to heavy discounting, have spearheaded a decline in the British fashion market.

Carillion crisis

As part of its investigation into events that led up to the firm's collapse, the Financial Conduct Authority is looking into whether inside information was used.

The Bank has not had a female governor in its 324-year history, and its four deputy governors are men. There is just one woman on the nine-strong monetary policy committee.

The takeover of the UK's biggest car charging company gives BP access to technology to install super-fast chargers in its network of 1,200 petrol stations in the UK and on streets.

Greene King boss Rooney Anand said the World Cup was helping bars bring in extra customers. The firm's results showed revenue had declined in the year ending in April by 1.8pc to £2.18bn.

Steve Robertson, the firm's chief executive, said the company had to put investment in its ageing infrastructure first and tackle long-standing issues with leakages and service.

The retailer said the job cuts are 'necessary' to ensure Homebase is better prepared 'to meet the demands of the UK's challenging retail environment'.

The multi-national heavyweight is banking on a major increase in the use of electric cars across the country over the coming years.

HAMISH MCRAE: It's time for wealth to pass down the ages

Provided you have chosen the right parents, it is not so bad being a millennial. The calculation that five million people born between 1973 and 1993 will on average inherit £233,000 from their parents gives a new twist to the Bank of Mum and Dad story.

RUTH SUNDERLAND: There is NO Brexit dividend now firms are taking flight

The Chancellor's Mansion House speech is always a grand black tie occasion, however sombre the economic outlook. Everyone who sat down to slow-roasted beef with tender stem broccoli on Thursday was conscious Philip Hammond's speech came on the eve of the second anniversary of the Brexit vote. As he spoke, the bombshell was still to drop from Airbus that it is about to become the first big manufacturer to withdraw investment from the UK due to Brexit uncertainty.

Tapping in to the big tech firms' relentless appetite for acquisitions could boost your

The big technology firms such as Google, Microsoft and Facebook have been gobbling up rivals at a relentless pace over recent years and they are likely to continue on this path. Tapping into this could provide you with an investment win.

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