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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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The facade of the Charles Street mansion, on the market for £14.5 million. Photo: Beauchamp Estates / Alex Winship
London mansion linked to Napoleon III goes on sale for £14.5m

Six-bedroom townhouse was originally the home of the third Earl of Malmesbury, and hosted French emperor Napoleon III during his exile in London

February 07, 2025
US President Donald Trump has suggested the EU will be hit with trade tariffs soon, calling the bloc an 'atrocity' on trade. AP
What EU goods could be hit by US tariffs?

Cars, pharmaceutical products and food are among top European exports

February 03, 2025
There is growing awareness among young professionals that their skill sets are valued in other countries, say recruiters. Getty Images
Why it’s not just the UK’s ultra-rich shifting to Dubai for a better life

Concerns about opportunities, tax and safety are spurring young finance professionals in the City to set their sights on the UAE

January 31, 2025
An oil platform in the North Sea. A Scottish court has found the consent given to three oil companies to develop the Rosebank and Jackdaw oil fields should be quashed. Photo: Equinor via ABACAPRESS.COM
Blow to North Sea oil and gas companies in landmark court case

UK court finds in favour of environmental activists fighting to stop development of Rosebank and Jackdaw oil fields

January 30, 2025
Planes come into land at Heathrow airport. A controversial plan to expand Heathrow airport with a third runway has received government support. Getty Images
Heathrow third runway plan to get UK economy flying

The controversial scheme now has serious support from the Labour government

January 29, 2025
The Bank of England in the City of London. Britain's private sector will suffer a ‘significant fall in activity’ over the next three months," the CBI said. Bloomberg
UK’s private sector to face ‘significant fall in activity’ in next three months

CBI survey shows companies intend to cut jobs as ‘pessimism was widespread across the private sector’

January 27, 2025
Britain's Chancellor of the Exchequer Rachel Reeves announced a softening of the non-dom tax rules at the World Economic Forum in Davos. Reuters
Critics say UK chancellor’s non-dom tax U-turn does not go far enough

Rachel Reeves plans to relax rules to stem the tide of wealthy individuals leaving the UK

January 24, 2025
The Johan Sverdrup field, off Norway. The Scandinavian country and the UK have constrasting approaches to their North Sea oil and gas assets. EPA
A gathering storm: Forecasting the future of North Sea oil and gas

Donald Trump is calling for the UK to 'open up' offshore drilling - but the British government is determined to stick to a green ban

January 17, 2025
BP is cutting about  5 per cent of its workforce. Reuters
BP to slash 4,700 jobs in cost-cutting measures

Energy company removing 3,000 contractor roles, as it looks to lower expenditure by at least $2 billion by next year

January 16, 2025
Fusion reactors require enormous heat to replicate the process that occurs in the Sun. Photo: Tokamak Energy
UK powers up fusion development with £410 million investment

Government aims to fire up clean energy as part of its plan to kickstart economic growth

January 16, 2025
William Hague at the Janus Henderson Investment Conference in London. Matthew Davies / The National
UK investors told US trumps China as defence opportunities grow

Former foreign secretary William Hague says UK could gain 'carve outs' should Donald Trump’s threatened tariffs become a reality

January 15, 2025
The Sigma Lithium plant in Brazil. Lithium is a critical mineral, essential in the manufacture of smartphones and other modern electronics. AFP
UK to sign critical minerals partnership with Saudi Arabia

Industry Minister Sarah Jones will sign the deal as part of her visit to the Future Minerals Forum in Riyadh

January 14, 2025
British Chancellor Rachel Reeves listens during the 11th China-UK Economic and Financial Dialogue on Saturday in Beijing, China. Getty Images
‘Self-inflicted perfect storm’ fuels UK inflation fears after market turmoil

Soaring bond yields have raised new concerns that interest rates may stay higher for longer, weighing on already dim growth prospects

January 10, 2025
The Rolls-Royce Black Badge Dawn in Ras Al Khaimah. Rolls-Royce delivered 5,712 in 2024, slightly lower than the previous year, but still its third-highest annual performance. Photo courtesy Rolls-Royce Motor Cars
Spectacular Dubai commissions inspire Rolls-Royce

Rolls-Royce Motors' chief executive sees 'very strong demand' for complex bespoke commissions from the Middle East

January 08, 2025
A steel-worker at Blast Furnace number four at the Tata Steel Port Talbot steelworks. Tata closed the last blast furnace at the plant in September. AFP
UK launches 'green efforts' to salvage its steel industry

As a new Steel Council meets for the first time, experts say that without a more sustainable path, the future of the industry in Britain remains in doubt

January 07, 2025