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Matthew Davies

Matthew Davies

London Business Reporter
Matthew has been working as a financial journalist in London for more than 25 years. For almost 20 years, he was with the business and economics unit of the BBC, where he worked as a reporter, producer and presenter on World Service, delivering reports and programmes from across the United States, Europe and Africa. He also spent several years in Johannesburg as the editor of Africa Business Report, a weekly TV programme on BBC World. In his time, he’s reported from Davos to Detroit, from Estonia to Ethiopia and from Romania to Rwanda. Having initially trained as an accountant with Deloitte, he started his career as a financial journalist on the city desk at Independent Radio News (IRN). He has also worked for ITN, Reuters Television, Bloomberg and CNBC Europe. He has a degree in International Relations, is married and lives in London.
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Britain's Prime Minister Keir Starmer meets with Britain's Chancellor of the Exchequer Rachel Reeves, before Wednesday's budget, the first of the new Labour government. AFP
Will the UK budget do enough to boost foreign investment?

Budget that will simultaneously raise taxes, spending and borrowing is aimed at attracting investors, but there are concerns Britain may become less attractive to international capital

BusinessOctober 29, 2024
Matthew Davies
British expats and non-doms are reviewing their UK tax positions in the run-up to Chancellor Rachel Reeves' first budget speech. Image: Nick Donaldson / The National; Getty Images
How the long arm of the British taxman is reaching for expats

Spotlight on property and capital gains taxes points to wealth held by expats, non-doms and the affluent being hit by higher levies

MoneyOctober 25, 2024
Matthew Davies
Heathrow is at the centre of UK trade, and last year handled more goods than all other UK airports combined. Photo: Heathrow Airport
Heathrow warns UK government must not 'jeopardise competitive position'

Europe's busiest airport appeals to UK Chancellor Rachel Reeves not to squeeze aviation industry for tax cash

BusinessOctober 23, 2024
Matthew Davies
The Paris Olympics and Taylor Swift's UK concerts fuelled passenger numbers at Heathrow Airport. Getty Images
Olympics and Taylor Swift give Heathrow a summer boost

Music and sports fans were the crowning glory of a record summer of passenger numbers for Europe's busiest airport

AviationOctober 23, 2024
Matthew Davies
HSBC signage in Hong Kong. The company had been under pressure to hive off its Asian business in recent years. Bloomberg
HSBC: Why the world's local bank is no longer 'thriving together'

Splitting operations between east and west is intended to create a 'more dynamic and agile' bank, but what does it say about the global economy?

BankingOctober 23, 2024
Matthew Davies
Graphene was first extracted by two Russian-born scientists during experiments at the University of Manchester in 2004. Xinhua Press
Marking 20 years of 'wonder material' graphene

Until 2004, scientists had known that one atom-thick, 2D crystal graphene existed but had not figured out how to extract it

TechnologyOctober 23, 2024
Matthew Davies
HSBC announced it will also merge its commercial and institutional banking units. Reuters
HSBC in East-West split as part of major overhaul

Boss Georges Elhedery says global institution will be divided geographically into four separate units

BankingOctober 22, 2024
Matthew Davies
Keir Starmer, UK Prime Minister, meets workers during a visit to the Encirc Glass factory in Chester. Bloomberg
Dial back the doom: UK's International Investment Summit strikes change of tone

Event is billed as a chance for a government that has peddled pessimism in its first 100 days to prove Britain is open for business

BusinessOctober 09, 2024
Matthew Davies
1 Mayfair developed by Caudwell is the jewel in the crown of South Mayfair's regeneration, where the penthouse are expected to be sold for around £200 million. Photo: Caudwell
South Mayfair is new London magnet for prime luxury developments

High-end builds are reinventing the previously less glamorous parts of London's famously expensive central district

PropertyOctober 04, 2024
Matthew Davies
Passengers checking departures at Beirut International airport. The UK government has told British citizens in Lebanon to 'leave now'. AFP
Britons urged to leave Lebanon immediately

Officials said they are 'working to increase capacity' and find seats for citizens on flights out

UKSeptember 28, 2024
Matthew Davies
Britain's Chancellor of the Exchequer Rachel Reeves at the Labour Party conference in Liverpool. AFP
Is UK Chancellor set to soften non-dom tax proposals?

Labour originally aimed to toughen up Tory plans in a bid to squeeze billions from wealthy foreigners

BusinessSeptember 27, 2024
Matthew Davies
A £10 billion investment by US private equity firm in a new artificial intelligence data centre at Blyth, in north east England, will create 4,000 jobs in the UK. Owen Humphreys/PA Wire
Blackstone to build Europe's largest AI data centre in UK

US private equity firm will build the centre in north-east England, which will create 4,000 jobs

BusinessSeptember 26, 2024
Matthew Davies
Bahrain-based Investcorp has acquired the UK's largest family law firm, Stowe, for an undisclosed sum. Courtesy of Investcorp
Investcorp buys UK's largest family law firm for undisclosed sum

Based in Leeds in the UK, Stowe Family Law has 400 staff at 90 offices across the country

BusinessSeptember 25, 2024
Matthew Davies
The Mastercard initiative helps banks identify and halt potentially fraudulent payments before the money leaves an account. Reuters
Mastercard expands AI initiative that detects scams in real-time

Scheme comes after the global payment firm's acquisition of threat intelligence company Recorded Future for $2.65 billion

BusinessSeptember 24, 2024
Matthew Davies
New Volkswagen ID4 electric cars in Wolfsburg, Germany. Several factors, including range anxiety and high entry prices, are weighing on EV demand in Europe. Bloomberg
With prices high and range-anxiety rife, has the spark gone out of electric vehicles?

With sales in Germany alone down 70 per cent in a year, predictions of the internal combustion engine's imminent demise may have been exaggerated

TechnologySeptember 20, 2024
Matthew Davies
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