Rene Benko, the self-styled tycoon of Selfridges and Signa, has filed for bankruptcy following the collapse of his real estate empire. In the most recent chapter of Mr Benko’s fall,, the embattled entrepreneur filed for personal bankruptcy in Austria four months after the collapse of his company Signa. Signa, which is still a shareholder of […]

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From April, thousands of small businesses and self-employed people will not be required to charge VAT at 20 percent. The threshold for VAT registration has been raised from £85,000 up to £90,000. This is the first increase in seven years. Jeremy Hunt stated that the move will cost approximately £445million over five years and “will […]

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Rentokil Initial’s biggest acquisition to date has begun to pay dividends for the company, once known as the “royal rat catcher”. The FTSE 100 group in pest control reported a 44 percent increase in profits before tax in 2023, to £766 millions, and revenues increased by a similar percentage, to £5.3 billion. This was all […]

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Aviva’s boss has intensified her efforts to turn around the insurer. She is implementing a plan that will boost cash returns to investors and increase annual profits by £2 billion within three years. Amanda Blanc stated that the group is “moving faster than ever before”, as they posted an increase of 9 per cent in […]

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The group that owns Ladbrokes, Sportingbet and other gambling brands revealed a £40-million hit to its earnings in 2024 due to regulatory headwinds from Britain and the Netherlands. This prompted analysts at the company’s parent company to lower their estimates. Entain’s share price dropped immediately after the news, by 37 1/2p or 4.5 percent, to […]

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ITV’s boss believes the advertising market has recovered from last year, which she called the worst recession since the global financial crisis. The profits of Britain’s largest free-to-air broadcaster dropped by over half, to £193 million before tax, in 2023. This was down from £501million the year prior, due mainly to a decline in traditional […]

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After lowering its natural gas price projections, Britain’s largest oil and gas producer anticipates generating less free cashflow this year than expected. Harbour Energy’s free cashflow will be “marginally” positive after cutting its forecast of gas prices to 70p per therm this year, down from $100p in January. It also maintained its expectation for an […]

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Regulators warned that the number of US problem banks has increased by 18%, while New York Community Bank, led by Steven Mnuchin, former US Treasury Secretary, stabilised itself with a $1bn in capital raised. The recent struggles of NYCB have highlighted the continued fragility among some US lenders, 12 months after Silicon Valley Bank’s failure […]

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Nationwide Building Society reached an agreement with Virgin Money to purchase it for £2.9bn. This deal would make Virgin Money a stronger competitor to the UK’s largest banks. After a failed attempt to enter business banking during the pandemic, the acquisition would also allow Nationwide’s share of the mortgage industry to grow. Debbie Crosbie, chief […]

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Gold’s price has soared to record levels, driven by investors looking for safe havens and central banks. According to LSEG, the yellow metal reached $2,141 an ounce, which was a record, surpassing the previous record set in December of $2,135. However, the gains were quickly pared back to trade at $2131, up 0.8 percent on […]

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Campaigners have urged regulators to stop Capital One’s $35bn acquisition of Discover. They say that the deal is “dangerous and illegal” and should be stopped. A coalition of over a dozen advocacy organizations urged the Federal Reserve to intervene and the Department of Justice, warning that the combination of two of the biggest credit card […]

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The UK division of fast-fashion firm Shein failed to disclose the ultimate owner, which is a violation of company law and could affect the firm’s planned plans to list in the UK. The UK law requires companies to declare the ultimate beneficial owner of their company – “person with significant Control” (PSC). Shein Distribution UK […]

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AstraZeneca will spend £650m to build a new factory for vaccines in Liverpool, and upgrade research labs at Cambridge. This comes almost a full year after the chief executive of AstraZeneca said that Rishi Sunak’s policies discouraged investment within the UK. The pharmaceutical giant announced it would spend £450m in Speke, Liverpool on the production […]

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Morgan Stanley says that the City deal drought is about to end as central banks begin to lower interest rates. This will encourage investors to release pent-up funds. Wall Street Bank calculated that private investors and corporate buyers have accumulated cash piles totaling $5.6 trillion, and $2.5 trillion, respectively. These funds can be used to […]

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OpenAI has responded to a lawsuit filed by Elon Musk. The suit claims that Musk walked away after failing to gain control of ChatGPT. The artificial intelligence company has published emails that show the billionaire endorsed the business strategy of the company. Musk filed a lawsuit against the ChatGPT maker he founded, claiming the organisation […]

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William Hill’s owner is considering leaving the US gambling market because of “intense” competition and high operating costs. 888 announced that it has ended its partnership, which was with Authentic Brands Group (owner of Sports Illustrated), through which it provided online sports betting to four US states. It will review all of its operations in […]

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Antonio Simoes told his colleagues in the weeks leading up to his formal debut as the new Chief Executive of Legal & General to the City that he has three priorities: To listen, listen, listen. He has stated that his parents worked in the insurance industry, but he himself has never done so. He wants […]

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Greggs’ steak bakes and sausage rolls are still popular in Britain, even after Greggs dethroned McDonald’s as the most popular breakfast place. Roisin Currie said that Greggs’ breakfast deal, which costs about£2.75 per breakfast roll with coffee, helped it to achieve bumper results for the full year. Greggs’ share of breakfast food-to go visits grew […]

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Spirent Communications, a London-listed company, has become the latest target for a takeover after its board backed a £1billion offer from an American competitor. Viavi Solutions’ all-cash bid for the FTSE 250 tech group was a good outcome for investors, according to the group. Viavi’s 175p offer represents a 61% premium to the company, which […]

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Monzo, a digital bank, has defied the downward trend in fintech valuations to secure a £4billion price tag for its latest fundraising round. The capitalG investment arm of Alphabet-owner Google, which is new to the lender in London, led the new funding with £340 million. HongShan, a Chinese venture capital company, has also joined the […]

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The Falkland Islands government has selected the shipyard responsible for building the Titanic as its preferred bidder to win a £120million contract for a new Falkland Island port. The Falkland Islands government selected Harland & Wolff, a Belfast-based company, for the project. Work on the two-year contract is expected to start later this year, subject […]

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IWG, the owner of Regus serviced offices, saw its revenues reach a record £3.34billion last year, as it benefited from the increasing popularity of hybrid work. Mark Dixon, IWG’s CEO and founder, stated that more people are returning to their office, “but it is not necessarily the headquarters”, that they work from. IWG instead reported […]

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Gazprom, the Russian gas company, plans to sell off its stakes across North Sea assets. It faces compensation claims of multi-billion dollar value from European gas companies due to its drastic reduction of pipeline gas supply in 2022. Gazprombank has filed a tender notice stating that the gas giant plans to auction its stakes in […]

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Brazil, Chile, and other major South American economies are calling on a US appellate court to reverse a record-breaking $16bn judgement against Argentina. The country was found to have violated shareholder rights last year when it expropriated the national oil company YPF. The decision by a New York court is causing problems for the new […]

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Berenberg has issued a call to investors who have suffered for BT. Berenberg questioned whether the shares of the telecoms company, which had fallen 15 percent since the beginning of the year, were too low. The mood at BT is tense. There are several factors that have been weighing on the company’s mind. These include […]

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Halma has acquired a company which makes devices for early detection and prevention cervical cancer. The FTSE 100 manufacturer of health and safety products has reached an agreement for Rovers Medical Devices to receive up to €91m. Rovers Medical Devices is the world’s leading producer of brushes that are used to collect cell samples for […]

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One man was blamed when cocoa prices reached the heights of this year. He is credited with causing the rise. Anthony Ward, the hedge fund trader nicknamed “chocfinger” after James Bond’s gold-hoarding villain Goldfinger made millions of dollars in 2010 by building up stockpiles. In the last year, new traders have flooded the cocoa market, […]

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Aviva returns to the largest insurance market in the world after nearly a quarter of century with a £242million deal to buy the Lloyd’s of London competitor Probitas. The FTSE100 company stated that the Lloyd’s Market represented “a significant source of untapped growing” which would allow it to expand both its corporate and specialty business. […]

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Apple was fined €1.8billion (£1.54billion) by European regulators because it stifled competition from rival music streaming services. Spotify has won a major victory in the long-running battle with Apple regarding rules that were placed within the App Store, which prohibited it from advertising subscription prices within its app. The European Commission stated that this led […]

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The Bank for International Settlements has stated that central banks around the world are forced to maintain high interest rates for many years as they fight wage demands, wars and trade disputes. The institution often known as central bankers’ central bank warned that “the job is still not done” despite the fact that inflation is […]

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The BBC has retracted its controversial merger of their world and domestic news channels, as the broadcaster’s new chairman warned that the corporation will face a struggle to remain relevant. In April 2010, the BBC News and BBC World channels were merged as part of a wider effort to reduce costs by £500m. This move […]

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Jaguar Land Rover’s Indian owner is spinning off its automobile division to prepare for an electric vehicle-centric future. Tata Motors announced Monday that its existing auto business will be divided into passenger cars and commercial vehicle. The first will concentrate on electric vehicles, while the second will produce larger vehicles like trucks and buses. The […]

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EasyJet founder, Sir Stelios Ioannou, has declared a truce in his long-running dogfight with airline “scoundrels” that culminated in an unsuccessful boardroom coup. Haji-Ioannou has admitted that his spat with easyJet’s chief executive Johan Lundgren, who still holds a 15% stake in the airline, was motivated by a fear easyJet wouldn’t survive the pandemic. Haji-Ioannou, […]

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The Body Shop administrators are closing dozens stores, despite the fact that they were profitable. The Body Shop collapsed dramatically last month, just weeks after being acquired by private equity firm Aurelius. FRP administrators have announced that 82 UK stores will be closing over the next 6 weeks. The Body Shop UK’s internal documents reveal […]

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The Observer has learned that the wildlife charity WWF-UK has shelved an important report warning of the damage caused by intensive chicken production to the River Wye. Tesco has donated more than £6m to the charity since 2018. Tesco has been under fire from campaigners for its role in the decline of Wye River because […]

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Saudi Arabia, Russia and other Opec+ countries have extended their voluntary cuts in oil production by another three months. They are trying to increase prices which have been subdued despite geopolitical tensions. According to Saudi Arabia’s state news agency, the curbs are expected to expire by the end March. However, they will continue to be […]

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The banks have raised the alarm about a “rapid increase” in people borrowing mortgages for more than 35 years. Nearly one-fourth of first-time homebuyers are now borrowing to retirement. New figures from UK Finance reveal that 23 percent of first-time homebuyers extended their mortgages to 35 years or more in December. They did this because […]

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Jeremy Hunt’s attempt to convince Shein , a Chinese fast fashion company, to list in London faces opposition from some British retailers’ biggest stores. High street leaders have been lobbying ministers about Shein’s alleged abuse of tax loopholes. This comes at a time when the retailer is considering choosing the UK instead of New York […]

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Former UK Olympian Robert Lemieux, and his wife, are excited for a big payday when the equestrian products retailer they founded almost two decades ago is sold for more than £150million. According to sources in the City, the shareholders of LeMieux have hired investment bankers at Clearwater International to examine strategic options before the company […]

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Major banks have demanded a crackdown against Apple, claiming that the tech giant has access to the transactions of millions of iPhone users. This will give Apple an unfair advantage in its push into financial services. The Financial Conduct Authority’s Practitioner Panel (FCA), which is made up of bankers and insurance executives has written a […]

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Sundar Pichai grew angry. Google’s much-heralded artificial intelligence bot Gemini had been launched in a disastrous and public manner, turning an opportunity for glory into a humiliation. Alphabet’s longtime CEO sent a memo last week to his 182,000 staff to let them know that this would never happen again. He wrote that “structural” changes were […]

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Mike Ashley’s Frasers Group bought out the administration of online bicycle retailer Wiggle as the retail giant continued to capitalize on the distress coursing throughout the industry. Frasers, owner of Sports Direct has reached an agreement to buy the intellectual property and brand of Wiggle as well as Chain Reaction Cycles. Wiggle is a new […]

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A start-up company that produces humanoid robotics has raised $675 millions from investors, including some of the biggest technology companies in the world. Microsoft, OpenAI, Nvidia, and Jeff Bezos the founder of Amazon all participated in the funding round that valued the Californian artificial-intelligence robotics company at $2.6 Billion. Brett Adcock started Figure in 2022 […]

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Stability AI denied accusations of copyright infringement by Getty Pictures, calling them “vague” and “general”. This is the latest conflict between a tech company and a creative firm over intellectual property. Stability, in a defense filed before the High Court, denied that Getty images available online are “highly desired” for training their artificial intelligence models, […]

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British Airways Group IAG’s financial performance is significantly better than what City analysts expected for 2023 as well as compared to 2019, the year prior to the Covid-19 travel restrictions. The group said that although business class passengers were slow to return after the pandemic the leisure market was strong, particularly among holiday travellers who […]

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Profits for the operator of Britain’s biggest and most controversial power plant have increased by more than tenfold as a result of higher energy prices. Drax’s profits before tax in 2023 will be £796m, compared to £78m a year earlier. Most of Drax’s profits were generated by its wood-burning facility in Selby (Yorkshire). Selby Plant, […]

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Ocado, amid a growing dispute over performance, has threatened to sue Marks & Spencer for a payment of multi-million pounds made as part of their online grocery partnership. Ocado Retail, the joint venture between M&S and Ocado Retail that was set up by M&S in 2019 has not met the goals laid down when M&S […]

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Morgan Stanley’s executive who is at the heart of the legal dispute with Mike Ashley said that he didn’t want to do any business with Ashley because he was worried it would harm the bank’s reputation. Simon Smith has denied having a personal animosity towards the Frasers Group owner, but admitted that he was “concerned” […]

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The goal of role reductions is to create cash that can be spent on luring customers back from competitors. Sainsbury’s plans to reduce costs by £1bn will see 1,500 jobs cut. The supermarket chain will simplify its operations by reducing the number of staff in bakeries, call centres, warehouses, and head office. Sainsbury’s is trying […]

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Jeremy Hunt has cancelled plans for a scheme which would have allowed first-time home buyers to enter the housing market with a 1pc down payment, only days after it was revealed that the Treasury had considered the move. Treasury insiders say the Chancellor has abandoned the taxpayer-backed plan ahead of next week’s Budget following a […]

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Polestar, a struggling luxury car brand in Sweden, has been given a funding lifeline of $950m (£750m), after Volvo dropped its support. The company, which is known as “the Tesla of Europe”, announced on Wednesday that it had received a three-year loan through a consortium of twelve banks, including HSBC Standard Chartered, BNP Paribas and […]

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If he wins the election, the PM will pledge to keep the Tory Party’s manifesto. If Rishi Sunak wins the next elections, he will keep the triple lock on pensions. This will make sure that payments keep pace with the cost of living for millions of people in the UK until the end of this […]

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Swisscom and Vodafone are in exclusive negotiations to sell their struggling Italian business to each other for €8 billion. The telecoms group has confirmed that it has held “extensive” talks with “several different parties” in order to consolidate the business in Italy. It concluded that, after these events, the cash deal with Swisscom was the […]

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St James’s Place, Britain’s largest wealth manager, revealed that it would be taking a £426million hit to cover refunds for aggrieved clients. The shares of the FTSE100 company fell by 115 1/4p or 18.6 percent, closing at 505 3/4p. They had dropped earlier by up to 33 per cent after the group revealed the unexpected […]

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Aston Martin Lagonda will have to wait a little longer to reach profitability and an electrified future after it revealed it missed its production targets, which were already revised downwards, for 2023. Lawrence Stroll, the executive chairman of the company and a significant shareholder, said that it was “substantially on track” to achieve its financial […]

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Bitcoin is back over $60,000 for the first two years. This comes amid renewed enthusiasm for the most popular cryptocurrency in the world. The jump was a second sharp turn in the digital coin’s value, which had fallen below $16,000 by November 2022 due to a series of scandals and aggressive rate increases. The latest […]

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Just Eat Takeaway.com’s share price and mood were not lifted by the delivery of jam today or the promise that more would be delivered tomorrow or later this year. Europe’s largest food delivery group has reported a massive jump in earnings before deductions, from €19million in 2022 to €324million. This is slightly above its previous […]

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Skipton Building Society said that a pioneering mortgage product, which does not require borrowers to make a deposit, attracted applications totalling £62 million during its first nine-month period. Stuart Haire, 49 years old, a former HSBC Banker, who will be joining Skipton Group in December 2022 as its Chief Executive, launched Track Record in May […]

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Rolls-Royce has a habit of occupying the top spot in the FTSE 100 leaderboard. Today was no different, after some bullish remarks from Deutsche Bank. According to Christophe Menard of the German bank, the engine maker’s results showed that its restructuring plan is “starting” to deliver. The group that makes engines for long haul passenger […]

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Jeremy Hunt has prepared an emergency Budget plan to scrap or reduce Britain’s non-dom tax rules in the event he needed to raise billions to fund pre-election mass-market tax cuts. Treasury insiders say the chancellor is working on a “secret list” of revenue-raising projects for the exchequer as he seeks ways to fund reductions in […]

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Analysis finds that UK faces a ‘crunch-point’ due to delays at Hinkley Point C and the closure of other nuclear plants. New research warns that delays to French-built nuclear reactors will put the UK at risk of blackouts in 2028. The country will face a “crunch” point due to a “perfect storm” of higher demand […]

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Dubai has begun discussions to finance the construction of two Orient Express Superyachts, as oil-rich Middle Eastern countries seek to diversify their energy sources away from fossil fuels. Dubai Holding, the investment vehicle of Emirati ruler Sheikh Mohammed Bin Rashid al Maktoum, has been in talks with French hotel group Accor about financing the €800m […]

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BAE Systems is no longer a pariah, but a saviour to many investors. The latest call for more material by President Zelensky, at the second anniversary, has brought the spotlight back on arms manufacturers. BAE Systems’ announcement of its positive annual results last week, which included a wide range of weapons, including Eurofighter Typhoon Jets, […]

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Scott Poole has been selling his company’s products on Amazon for 15 years. The partnership helped him grow the business so that it now makes up to £4million in annual sales. He said, “We had a great relationship.” “Until January.” The 53-year old has been planning a legal action in order to recover almost £60,000 […]

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Smith & Nephew’s revival is taking hold, according to the chief executive of the FTSE 100 medical products maker after it posted better-than expected fourth-quarter financial results. The underlying revenue increased by 6.4 percent to $1.46 Billion in the last three months. This brings the revenue for the entire year up by 7.2 percent to […]

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EasyJet will return to the FTSE 100 index next week, almost four years after the airline dropped out during the pandemic. Since mid-October, the share price of this airliner has increased by over half as a result of higher demand, higher prices and lower fuel prices. The company, in a trading update covering the last […]

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The first drop in food prices since September has occurred this month, providing further evidence that inflationary pressures will continue to ease throughout the year. According to NielsenIQ and the British Retail Consortium’s latest index of shop price inflation, food prices dropped by 0.1 percent in February. Food inflation on an annual basis fell to […]

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Ministers called on the EU to increase the funding of the €60bn subsidy scheme for the Common Agricultural Policy in an effort to calm protests after Belgian farmers blocked roads and lit tyres on fire in central Brussels. The CAP is designed to guarantee food production by providing a stable income stream to farmers. It […]

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Barclays agreed to sell credit card debt worth approximately $1.1bn to Blackstone as it stepped up its efforts to remove assets from its balance sheet ahead of new regulations. This deal shows how private capital groups, such as Blackstone, which face fewer restrictions that banks do, are entering mainstream debt markets in order to relieve […]

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Shein will consider London as a backup option for a massive flotation if US authorities block its preferred choice of a New York IPO due to its ties with China. The Singapore-headquartered company has pitched the UK as an alternative destination if it is unable to list in the US, according to two investors in […]

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The shares of US biotech Viking Therapeutics have more than doubled since trial results for its weight-loss drug beat existing treatments from Novo Nordisk & Eli Lilly. In a mid-stage 13-week trial, Viking reported that its weight-loss medication had resulted in “statistically-significant reductions in weight”, with a 13% weight loss compared to a control. The […]

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Apple has canceled its plans to build an electric vehicle as it shifts research funding to generative artificial intelligence. This is according to a source familiar with the situation. Apple’s project for electric vehicles, also known as “Project Titan”, was an attempt to diversify its product line beyond the iPhone. The iPhone still accounts for […]

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Thames Water wants to avoid having to pay billions of pounds in taxpayer bailouts. It is lobbying government officials and the industry regulator Ofwat for permission to increase its bills, pay dividends, and lower fines. The government’s Special Administration Regime could lead to the takeover of Britain’s biggest water monopoly, leaving taxpayers on the hook. […]

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In this episode, Share Talk's Zak Mir sits down with Nick Cowan, CEO of Valereum Plc, to explore the company’s recent milestones, including the acquisition of the Gibraltar Stock Exchange (GSX) and the formation of a new entity. The discussion centers on how these developments contribute to value creation for stakeholders and the strategic roadmap ahead.

The post Valereum Plc – Revolutionizing Financial Markets: Tokenization, Tech Advancements, and Value Generation appeared first on Stockmark.IT.

Morrisons is looking to sell assets in order to reduce debts. The Bradford-based retailer has teamed up with Deloitte in order to attract interest in Rathbones Bakery, a Wakefield factory that provides baked goods to Morrisons supermarkets. Rathbones is still in the early stages of discussions and there’s no guarantee that it will be sold. […]

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Lutz Schuler warns that tie-ups can leave rivals with patchier links The merger of Vodafone and Three, worth £15bn, could leave rivals with patchier internet connections unless the market power of their competitors is curbed. This was suggested by Virgin Media O2. Lutz Schuler warned that the merger would give the combined company a too […]

The post Virgin Media O2 chief says the merger of Three and Vodafone for £15 billion will hurt competition appeared first on Stockmark.IT.

BYD, a Chinese startup, hopes Yangwang U9 can compete with Ferrari and Lamborghini BYD launched an electric supercar capable of reaching 60 miles per hour in less than three seconds. The Chinese startup is aiming to compete with luxury brands like Ferrari and Lamborghini. Yangwang U9 is a Tesla rival that will be sold in […]

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After talks with several potential buyers, Homebase may soon be sold. Hilco Capital is said to have had discussions with several parties including The Range, B&M European Value Retail and discount retailers. Homebase, the brand name and intellectual property of 170 stores in the UK and Ireland may be sold to a new owner. One […]

The post Homebase is for sale again in just four years appeared first on Stockmark.IT.

The competition regulator will be launching a new investigation into eight of Britain’s largest housebuilders amid fears that they may have been working together to limit supply and keep prices high. The Competition and Markets Authority has found evidence that suggests that developers are sharing “commercially sensitive” information. It is concerned that this could influence […]

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The Federal Trade Commission filed a lawsuit to stop Kroger from acquiring Albertsons. This would be the largest supermarket merger ever in US history, and is the latest example of Washington’s anti-competitive crackdown. The FTC on Monday contested the $24.6bn purchase . It claimed that the deal would eliminate competition, increase grocery prices, and harm […]

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Microsoft has signed a deal to expand its presence in the rapidly growing artificial intelligence industry beyond OpenAI. Brad Smith, Microsoft’s president, announced a “multi-year partnership” with Paris-based Mistral Monday to help the 10-month old company bring its AI models on to the market. The deal was first announced by Mistral. Microsoft has said that […]

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The Russian invasion of Ukraine has redrawn the geopolitical landscape. The Hungarian parliament approved Stockholm’s application on Monday, and it could become the 32nd member in the military alliance as early as Friday. Ulf Kristersson said that today is a historic moment, noting all Nato parliaments had voted for Sweden’s membership. “Sweden is ready to […]

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Water cooling in data centres has increased dramatically for the world’s largest technology companies, causing concern over the impact on the environment of the artificial intelligence boom. Microsoft, Google, and Meta have increased their water consumption in recent years. Millions of users are hooked on their online service. The academics believe that AI demands will […]

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Nvidia, the US chipmaker, has a market capitalization of $2tn as it capitalizes on artificial intelligence boom. The company has already surpassed Alphabet (the owner of Google, YouTube and Amazon) and Amazon to become the third-largest in America. Another blockbuster earning report, in which Nvidia exceeded Wall Street’s expectation with a 265% increase in sales, […]

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If “draconian rules” are imposed to stop shoppers from confusing plant-based dairy products with real dairy ones, Dairy Alternatives such as I Can’t Believe It’s Not Butter or Alpro’s This Is Not M*lk will have to change their name. The Plant-based Food Alliance UK will make a final appeal to the Environment Secretary next week […]

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The reputation of the Australian businessman accused of intentionally ignoring tax laws in Australia has been further damaged. He faces a tax bill nearing £8 million. The allegations against Australian David Collard have raised further questions about the decision of EY to select him as the preferred purchaser for the now-defunct battery manufacturer when it […]

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Summer holidays are just a few months away for millions of sun-starved Britons. Many Britons will be flying to sunspots in the Mediterranean on single-aisle aircraft, the workhorses that make up the modern aviation fleet. Rolls-Royce is one of the largest jet engine manufacturers in the world. It’s not because they don’t want to people […]

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HSBC has notified investors that it will be increasing the bonuses for its senior directors including Noel Quinn as chief executive. This is the latest indication that FTSE 100 firms are worried about their ability compete with international pay rates, especially in America. The largest bank in Britain has informed shareholders that they will spend […]

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Apple is being pressed by two of Britain’s largest fund managers to provide more information about its ethical policies when using AI. Their concerns range from the use of AI to create fakes and deep ones to customer privacy. Legal & General Investment Management and Abrdn are rebelling against Apple’s management at the annual meeting […]

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Harvey Jones is not likely to be able to provide you with a new, upscale kitchen for a long time. The Body Shop will no longer be the best place to buy ethically sourced creams. Burberry issued a profit warning while John Lewis closed stores and cut prices in its Waitrose chain. Each company’s problems […]

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On January 24th 2024 Pantheon Resources PLC held a post-AGM investor presentation, providing insights into their ongoing projects and future plans. Here's a breakdown of some key highlights from the discussion points

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BAE Systems is expected to make a profit of £3 billion this year, as the wars in Ukraine and the Middle East are boosting the company’s coffers. The company, which builds the UK’s nuclear submarine fleet, squadrons of fighter planes, and produces missiles, shells, and bullets, has reported sales that were 9 percent higher than […]

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Heathrow has finally returned to profitability and promises that it will transport more passengers in 2024 than ever before. This follows the pandemic and billions of pounds in losses as well as a bitter dispute with its airline clients. Heathrow has made a profit in 2023 of £38million after the long haul from empty terminals […]

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Anglo American’s net profit fell by 94 percent to $283 millions last year due to lower metal and diamond prices. The FTSE-100 miner suffered a disastrous year, as markets for PGMs and diamonds collapsed. It also unexpectedly lowered its copper production forecast. The underlying earnings before interest taxes and other items dropped to $9.96billion from […]

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The sales of activewear brand Gymshark have increased by 20 percent compared to last year. This is ahead of the projected 15-percent increase in revenue, which will reach £556 millions in 2023. Ben Francis, a 31-year-old Solihull businessman, has just filed accounts that show profits before taxes for the fiscal year ending in July last […]

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The administrators of the Britishvolt project, which was canceled due to financial problems, have stated that they are still trying to collect money from the Australian purchaser and are looking at other possible deals. According to EY, Recharge Industries remains “in default” one year after agreeing to purchase the site in Cambois (Northumberland) where Britishvolt […]

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Hargreaves Lansdown said it would reduce its interest share from the balances of customers to avoid a regulatory crackdown. However, it did not indicate that it would be making a big sacrifice. The concessions on cash windfalls were made when Britain’s largest investment platform reported declining new customer numbers as well as a slowdown of […]

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Japan’s stock exchange reached its highest level ever, surpassing that of the late 1980s bubble economy and marking a symbolical recovery after 34 years of stagnation. The Nikkei Average of the top 225 Japanese companies closed on 39,098, an increase of 2.2%, surpassing the previous high of 38,915 reached on the last day of trading […]

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The scandal over mis-sold car finance is intensifying after Lloyds Banking Group put aside £450m to cover possible costs and compensation. Lloyds is the first of the major motor finance companies to provide a contribution for the Financial Conduct Authority inquiry into car loans. This is likely to fuel speculation about the industry’s potential for […]

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Rolls-Royce’s turnaround has been hailed as the fastest in British corporate history. Tufan Erginbilgic has been the chief executive for nearly 14 months. He also promises to increase profits and cash flows every year over the next four. The company that makes engines for long haul passenger jets, and nucleo-propulsion for the Royal Navy submarine […]

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