In this comprehensive report, we delve into the 2024 interim results of Premier Miton Group PLC, highlighting significant financial metrics, recent acquisitions, and the outlook for the future. The insights presented here are crucial for investors looking to understand the company’s performance and strategic direction. Table of Contents Introduction Company Overview Assets Under Management Financial […]

The Annual General Meeting (AGM) of Supply@Me Capital PLC provided important updates on the company’s financial status, funding commitments, and future strategies. This report covers key discussions and decisions made during the meeting, focusing on the challenges faced by the company and its plans for recovery. Table of Contents Opening Remarks and Introduction Introduction of […]

In this investor report, we provide a detailed analysis of ZIGUP PLC’s full year results for 2024, highlighting key financial metrics, strategic initiatives, and future outlook. This report aims to inform stakeholders about the company’s performance and strategic direction. Table of Contents Introduction to ZIGUP PLC Overview of Financial Performance Revenue Growth Analysis Profit Before […]

This investor report provides an in-depth analysis of NAHL Group PLC’s financial performance and strategic developments for the fiscal year ending December 31, 2023. With a focus on growth in both Consumer Legal Services and Critical Care divisions, the report outlines key highlights, financial reviews, business strategies, and future outlook. Table of Contents Introduction Highlights […]

In this comprehensive investor report, we delve into the final results of Cambridge Nutritional Sciences PLC for the fiscal year ending March 31, 2024. The report highlights significant financial metrics, operational strategies, and growth plans that position the company for future success in the personalized health and wellness market. Table of Contents Introduction to the […]

In this comprehensive investor report, we delve into the recent presentation by FRP Advisory Group PLC, where key insights about the company’s performance, strategic direction, and market outlook were shared. The discussion encompasses financial highlights, service offerings, and future opportunities as the firm positions itself for sustainable growth amidst evolving economic conditions. Table of Contents […]

GoviEx Uranium Inc. is making significant strides with its Muntanga project in Zambia while navigating challenges related to its Madaouela project in Niger. CEO Daniel Major provides insights into the company’s strategic direction and project developments amidst changing regulatory landscapes. Table of Contents Introduction to GoviEx Uranium Recent Developments in Niger Focus on the Muntanga […]

Triangle Energy is poised to make a significant impact in the North Perth Basin with the upcoming Booth-1 drilling, marking the first well to be drilled in the company’s permits in 30 years. This report outlines the key aspects of the drilling program, including prospective resources, drilling timelines, and future plans. Table of Contents Introduction […]

First Phosphate Corp has recently concluded an extensive drilling program at its Bégin-Lamarche Project, revealing promising phosphate mineralization. This report delves into the details of the project, key findings, and what the future holds for the company and its stakeholders. Table of Contents Introduction to First Phosphate Corp Overview of the Drilling Program Investment and […]

  In this blog, we delve into the exciting plans of Panther Metals as they embark on six significant drill campaigns over the next year. CEO Darren Hazelwood shares insights into the company’s strategic approach to exploration and their vision for building shareholder value amidst a challenging market. Table of Contents Welcome and Introduction Background […]

 In this insightful interview, Danny Roberts discusses the latest developments at Abcourt Mining, including the success of their Sleeping Giant project and future production goals. He shares insights into their recent gold pours, exploration efforts, and plans for becoming self-sustaining within the next year. Can you give us an update on the Sleeping Giant […]

In this analysis, we delve into the recent performance of Pennpetro following its significant royalty deal. With shares experiencing notable growth, we explore the factors influencing this momentum and potential future targets. Introduction to Pennpetro’s Recent Performance Pennpetro has recently caught the attention of investors. The company’s shares have shown significant movement, sparking interest in […]

Ed Miliband, the UK’s energy secretary, announced the partnership between GB Energy, a state-owned company, and Crown Estate on Thursday. The partnership is touted as a means to speed up the construction of thousands of offshore turbines over the next few years. Miliband argues that an increase in domestic clean energy will improve Britain’s security […]

OpenAI launches an online search engine in direct competition with Google. This opens up a whole new front in the race for commercialisation of advances in artificial intelligence. The San Francisco-based firm opened a waiting list of 10,000 people on Thursday to test its experimental product. The product looks different from ChatGPT because it offers […]

Bill Ackman’s fundraising target for his US investment fund Pershing Square USA has been slashed by up to 90 percent, falling well short of his initial target of 25bn. In a letter to the Securities and Exchange Commission, the billionaire hedge fund manager stated that he anticipated raising between $2.5bn and $400bn. However, the total […]

Unilever, owner of Marmite, Dove and Ben & Jerry’s, defended the price increases despite a higher-than-expected profit increase of 17%. Unilever, a London-based company, announced that its profit margins increased 2.5 points to 19,6% in the first half of the calendar year. This was well ahead of analyst estimates. Prices rose by 1.6%. The underlying […]

The cybersecurity firm CrowdStrike tried to give a $10 UberEats gift voucher as a thank you for the workers who helped fix the recent global outage, but Uber flagged it as a possible fraud. CrowdStrike has confirmed that the $10 voucher was sent to “teammates” and “partners” who assisted customers affected by an incorrect software […]

Clifford Chance’s top partner pay increased by £40,000, to an average of £2,04 million. The City law firm has reported its best financial results in seven years. The company “magic circle”, announced that its revenue for the fiscal year ending at the end last April increased by 9 percent to £2.3 billion. This is the […]

Nasdaq 500 and S&P 500 experienced their biggest single-day percentage drops since 2022, after US technology stocks plunged due to disappointing earnings by Alphabet and Tesla. The Nasdaq Composite dropped by 3.6% to a new low for the month, and the S&P500 fell by 2.3%. The so-called Magnificent 7, a grouping of high-performing US technology […]

ITV’s first-half profits grew by 40 percent thanks to the Euro 2024 soccer tournament, strong dramas and an increase in advertising. The UK’s largest commercial free-to-air broadcaster reported adjusted profits of £213million, but revenue was down by 2 per cent to £1.6billion compared to the same period in last year. ITV chief executive Dame Carolyn […]

Revolut secured the long-awaited bank licence from City regulators. This will allow it to compete with high street banks, and improve consumer protections in Britain for millions of Revolut customers. The Financial Technology Group had tried for three years to get a license from the Prudential Regulation Authority of the Bank of England. This was […]

The owner of British Gas has seen its profits plummet dramatically due to a decline in wholesale gas prices and a continued drop in energy prices. Centrica’s adjusted profits have more than halved to £1.04bn in the first half of the year, down from £2.1bn, a record result for the interim period. The energy group […]

The UK’s largest domestic lender posted a decline in profits for the first half of the year as the interest rate boom that benefited the banking sector faded. Lloyds Banking Group reported that its pre-tax profit for the six months ending June was down 14 percent from £3.9 billion one year ago to £3.3 billion. […]

Insurers estimate that the global outage caused by CrowdStrike’s faulty update would cost US Fortune 500 companies $5,4bn. The cybersecurity firm has pledged to take steps to prevent this from happening again. The projected financial loss excludes Microsoft. This tech giant’s systems were severely damaged in the crash. According to Parametrix, the insurance company, major […]

According to a BritishAmerican Business trade association, tax has surpassed political stability as the number one reason US companies cite for not wanting to invest in the UK. The index showed that the overall US investor sentiment towards the UK had stabilised, after having fallen in the two previous years. The fourth annual transatlantic trust […]

Reckitt is considering selling its infant nutrition division and a portfolio that includes Air Wick, Cillit Bang and other home care brands as part of an overall restructuring of the largest consumer healthcare group in the world. Reckitt, amid investor unrest and the arrival a new Chairman, plans to sell a portfolio that it deems […]

A closely-watched survey revealed that the UK private sector’s economy grew faster than expected, and inflation dropped to its lowest level in three and a half years this month. This “welcoming” picture for Labour is a welcome one, according to the study. The S&P Global Flash Composite Purchasing Managers’ Index (PMI), which measures the purchasing […]

Spotify, the world’s largest music streaming service, has seen its shares rise sharply after it announced that it had more paying subscribers in the second quarter than expected. After the results were announced, shares of the Swedish company rose by 13 percent during the morning trading session on Wall Street. Its market capitalization is now […]

The pound will rise to its highest level against the US Dollar in over two years due to the optimism surrounding the UK economy, and the greater political stability of the UK compared to Europe and America. Amundi, an asset manager in France with £1.8 trillion of assets under management, believes that the sterling could […]

Tesla’s second quarter profit dropped 45 percent compared to a year earlier as global electric car sales continued their decline despite price reductions and low-interest finance. The Texas-based firm said Tuesday that its net income from April to the end of the June period was $1.48billion, compared with $2.7billion in the same time frame a […]

Easyjet has posted better-than-expected third-quarter revenue. Investors were relieved by the performance, which came after Ryanair’s disappointing results. Ryanair warned Monday that the ticket prices for summer travel would be “substantially lower” than last year. EasyJet shares rose 28 3/4p or 6.7% to 456 1/2p during morning trading, as the company struck a positive note. […]

The parent company of Google, Alphabet has seen its second quarter profits rise due to a combination of growing cloud computing sales as well as search engine advertising. Alphabet exceeded market expectations by reporting a 14% increase in revenue, to $84.7 billion. It also increased its net income or profit to $23.6 billion, up 29 […]

Informa agreed to purchase the rival event specialist Ascential, for £1.16 billion. This deal has given a boost to the City’s dealmaking. Ascential’s board has approved the cash offer of 568p per share from the FTSE 100 company that owns the Miami Boat Show and World of Concrete. Philip Thomas, Ascential’s chief executive, said that […]

Heathrow has fallen behind other airports due to high passenger costs, a lack investment and the high cost of passengers. This is according to the CEO of British Airways. Luis Gallego is the CEO of IAG. He said Britain’s largest airport could lose out if it fails to lower fees and improve its efficiency. He […]

Lockheed Martin, a US defence giant, has stated that it would be willing to select the UK to develop an advanced hypersonic jet missile before it could do so in America. The Mako missile, named after the fastest shark on the oceans, is a prototype of a versatile weapon that the company wants to develop […]

According to a report by the government’s watchdog on spending, the axing HS2’s 2nd leg will likely mean higher train fares along the west coast mainline between London and Manchester to reduce demand. Rishi Sunak , who cancelled the work on the high-speed railway north Birmingham in September last year, cited spiralling costs and promised […]

Meta claims that its new artificial-intelligence model will be the first open source system to rival products from competitors like OpenAI and Anthropic. In a blog post, the company stated that its new model with the unwieldy title of Llama 3.1405B “is competitive” against others, including those from OpenAI, and Anthropic, “across a variety of […]

Whitehall’s watchdog on spending has warned that the NHS finances are in such a bad state that it could break down if it doesn’t receive a huge cash injection. The National Audit Office (NAO), which is a government agency, said that years of underfunding has left the NHS in England with so little money it […]

Rachel Reeves will be courting Wall Street titans in an attempt to boost US investments in the UK next month. The chancellor plans to visit New York early in August to meet with some of America’s largest investment firms. A one-on-one meal with Stephen Schwarzman will be part of the trip. Schwarzman is the billionaire […]

The Italian Financial Police seized €121mn (about $113m) from an Amazon unit in Milan after the ecommerce company was accused of tax fraud and labor malpractices within its logistics network. In an order authorizing the seizure on Tuesday, the Milan prosecutor’s office stated that Amazon Italia Transport set up a “complex tax fraud” by concealing […]

Lockheed Martin’s sales target has been raised for the entire year due to strong demand for fighter jets and its missiles, which helped the performance in the second quarter exceed expectations. The US Defence Group said that it expects revenues to reach $71.5bn in 2018, up from $70bn and above Wall Street’s estimates. Lockheed reported […]

The Nationwide Group is the first major lender to offer a mortgage for five years at a rate of less than 4 percent in recent months. Lower borrowing costs have injected optimism into the housing sector. The building society announced that it will reduce the interest rates on a variety of loans as of Wednesday. […]

After last week’s global IT outage, the insurance industry has been bracing for possible losses of billions of dollars. This is because the vulnerability of an economy that runs on just a few software platforms was exposed. industries ranging from airlines and retailers were in turmoil after a botched upgrade from security firm CrowdStrike caused […]

Ryanair’s profits dropped by nearly half between April-June and the airline warned that summer fares would be “substantially lower” than they were last year. The largest airline in Europe reported a profit of €360m, or £303m, for the first quarter. This is 46% less than the same period the previous year. However, the number of […]

Former chancellor Nadhim Zawawi approached a number billionaires about funding a possible £600m bid to buy the Telegraph and Spectator magazines. Zahawi decided to not run again for his Stratford-on-Avon constituency at the general elections. He was initially involved as a middleman in introducing a United Arab Emirates-backed Consortium to the Barclay Family, which allowed […]

Abu Dhabi’s sovereign fund has taken control of Bugaboo – a designer pushchair company – from its private equity owners. Mubadala Capital – which is headed by Manchester City owner Sheikh Mansour – announced on Monday that it had acquired a majority stake Bugaboo. Bain Capital has owned Bugaboo since 2018, a company known for […]

According to the Department for Work and Pensions, benefit fraud cost British taxpayers a record £7.3bn in 2017. A wave of criminality has swept Britain. The DWP attributed the increase to the public’s increasing willingness to commit fraud, especially people who are trying to cheat the benefit system. The latest annual report of the Department […]

Barclays wants the High Court of London to reduce the value of the £560mn lawsuit filed by investors. This is done by excluding the claims made by passive funds regarding a fall in the share price of Barclays’s stock due to regulatory scrutiny over its “dark-pool” trading exchange. Barclays is being sued by a number […]

Cohere, an artificial intelligence company, has raised $500mn through a new round of funding, making it the most valuable start-up in the world. This will help the Canadian firm to compete with rivals such as OpenAI and Anthropic. The funding round values Cohere $5.5bn. Cohere was founded by former Google researchers in 2019. It is […]

The first prototype of the company crashed during testing just under a calendar year ago. Rolls-Royce withdrew as a key technology provider and early shareholder three months ago. The New York-quoted stocks, which valued the company once at more than £2billion, have been wiped out. As the aerospace industry descends on Hampshire today for the […]

Lord Harris of Peckham, who built Carpetright from the ground up 35 years ago, has signed a multimillion pound deal in order to save it. Tapi, a rival flooring chain that he co-founded later, purchased the Carpetright trademark, intellectual property, and 54 stores, as well as a pair warehouses, in a prepack administration. This will […]

LVMH, the luxury goods conglomerate, and its billionaire founder bought a stake of Bicester Village as well as eight other upmarket outlets shopping centres in Europe for £1.5 billion. L Catterton is a private equity firm backed by Bernard Arnault’s family office and LVMH. It has bought a stake in Value Retail from Hammerson, which […]

The boss of Longchamp, who called for the reinstatement of tax-free shopping in Britain, warned that Britain was losing out on tourists with high spending habits. Jean Cassegrain said that the resurgence of tourism in London was “less than the Continent”, after Brexit scrapped duty-free shopping. He said that shopping is the number one reason […]

As the effects of Friday’s global IT outage persist, NHS patients are being warned that GP services “cannot be immediately resumed” and stranded tourists told it could take them “days” before they reach their destination. CrowdStrike – the cybersecurity firm at the center of the crisis – announced on Sunday that a fix had been […]

The UK’s largest long-term pension and savings provider has increased its investment in UK defense as the global economy faces the most dangerous geopolitical background since the Cold War. Phoenix Group, the company that owns Standard Life is expected to announce a deal with three British companies within the next few weeks, giving the industry […]

Buy-to-let mortgage values have shrunk, for the first three decades. This is due to the high borrowing costs and lending regulations that are forcing landlords out of the market. UK Finance data showed that the number of outstanding loans to landlords had fallen for the very first time since 1996 when the first bespoke loan […]

TalkTalk has been scrambling in order to secure a £200m loan from Sir Charles Dunstone, as it tries to avoid collapse. Directors of TalkTalk warned in its latest annual report that there was a danger the company could collapse “in August 2020 or earlier”. The company added that “these risks represent a significant uncertainty which […]

As they prepare to fly off this summer, thousands of holidaymakers are going to be horrified by the cost of airport parking. Stop reading if you do not want to find out how much money airports make. Last year, the UK’s largest four airports collected nearly £700m — or almost £2 million per day — […]

Burberry’s newly appointed chief executive, Joshua Schulman, fought through jet lag to reach the headquarters of the luxury group near the River Thames as soon as his transatlantic flight landed in London. The fortress-like structure has seen the kind of drama that is usually found in Westminster. Burberry announced on Monday that Schulman, 52 years […]

Anthony Nolan, pointing to the royal warrant emblazoned on one of the 23 green-and white trucks at Olleco’s depot near Heathrow Airport, points out the procession of British Airways aircraft shaking the roof tiles. The commercial director of the company grins. “I am the warrant holder,” he says. “I have the certificate.” Olleco collects used […]

Evelyn Partners is one of Britain’s biggest wealth management firms. The private equity company that owns it, Evelyn Partners PLC, is looking at options to reduce its £1.5 billion investment. Permira has begun contacting advisers in order to sell the majority of its stake in a business that offers professional services ranging from tax and […]

Rentokil Initial, a FTSE 100 pest-control empire owned by Rentokil Initial’s former boss at BT, is being targeted for a takeover bid backed by private equity. Philip Jansen has been in discussions with private equity firms about a plan to install him as the executive chairman of a faltering company. The company issued a profit […]

SLB and Halliburton, two of the world’s leading oilfield service providers, reported strong international demand for crude drilling after posting earnings that met or exceeded expectations, supporting their shift into overseas markets. SLB announced second-quarter earnings of 85 cents a share, excluding certain items, surpassing analysts' expectations, according to a Friday statement. Halliburton reported earnings of 80 cents a share, matching expectations.

Accelerated action and intensive work are required to avoid a “disorderly and unjust transition” when Scotland’s only oil refinery closes, a report has warned. With the Grangemouth refinery expected to close in 2025, the Just Transition Commission (JTC) highlighted a “lack of effective just transition planning to date.”

The UK wage growth in May slowed to its lowest level in the past two years, amid a cooling job market. This highlights the challenges facing the Bank of England in deciding whether or not to reduce interest rates. The Office for National Statistics has released figures showing that the annual wage growth rate has […]

Grant Thornton’s US business is in talks to buy the UK and Irish affiliates of the accounting group. This would be the largest M&A transaction in the industry to date. Grant Thornton US announced a transatlantic merger after selling a majority stake in the company to private equity investors. The firm had promised to boost […]

Facebook’s Meta explored the possibility of investing multi-billions in EssilorLuxottica as it intensifies its efforts to develop smart eyewear. Multiple people familiar with the company’s thinking have confirmed that it has considered a small stake of €87bn in the Franco-Italian Group. Some people have said that the move is a result of Meta holding discussions […]

The Labour government will launch legislation as soon as possible to nationalise railways. Takeovers of UK’s largest operators are expected to occur within months. According to an analysis of data from the official sources, Labour’s plans are likely to see nearly three-quarters (75%) of all train trips in Britain be nationalised within a year. Labour […]

Netflix’s second-quarter revenue and earnings exceeded Wall Street expectations thanks to the success of shows like Bridgerton and Baby Reindeer . The number of new subscribers was the highest in a quarter two since 2020 when Netflix experienced explosive growth due to the pandemic. The company did warn that the number of new subscribers in […]

Semiconductor shares listed on Wall Street have lost almost $500 billion in market value since Wednesday, amid fears that trade tensions between China and Taiwan could escalate. Nvidia shares dropped almost 7 percent, losing over $200 billion in capitalisation. The Nasdaq composite index, which is heavily weighted towards technology, closed New York down 2.8%, or […]

Babcock has suffered losses that nearly doubled, to £190million, on its attempt to build cheap warships in Britain. Five Type 31 frigates that were supposed to cost £1.25bn are the latest in an ongoing series of Ministry of Defence purchases which have been hopelessly overbudget. Babcock is the one who is paying the price in […]

The Bank of England is debating whether or not to reduce interest rates in the next month. This slowdown in wage growth in Britain in May was the lowest in almost two years. According to official figures, the average weekly income, excluding bonuses and other incentives, dropped from 6% to 5.7% in the three-month period […]

Carpetright’s rival is the frontrunner in the race to purchase the flooring retailer. Tapi, a company founded by the members of the Carpetright family, has submitted a formal offer to buy the brand, intellectual property and portfolio of stores. The company is believed not to be interested in buying the head office of Carpetright, located […]

Reuters reported that Samsung Electronics had agreed to purchase Oxford Semantic Technologies. Thw British startup specializes in technology which can be used for artificial intelligence applications. Oxford Semantic is a specialist in knowledge graph technologies, which store information as a web of interconnected ideas that mirrors human reasoning. Samsung stated in a press release that this […]

Private equity group , behind the Six Nations Rugby tournament as well as English Premiership Rugby, is considering making a bid to buy the Telegraph. The deadline for the auction for the newspaper group’s first round approaches this week. CVC Capital Partners has yet to finalise its plans. It may not make a firm bid. […]

Skin, one the UK’s biggest plastic surgery providers, with over 70 branches, collapsed. This has put hundreds of jobs in danger. Skin’s website was replaced at 5pm on the Tuesday with a message stating that “the company has undertaken an extensive process in order to secure investment so it can continue trading, but unfortunately we […]

A shake-up that aims to increase the average pensioner’s savings by £11,000 could benefit the more than 15,000,000 people in the UK who contribute to workplace pension schemes. The king announced a package of measures in his speech on Wednesday, including steps to assist workers who have many small pension pots and bring them together. […]

The co-founders from Silicon Valley’s largest venture capital firm announced that they support Donald Trump in his bid for reelection and will make large donations to further back him. Ben Horowitz (A16Z) and Marc Andreessen (Andreessen Horowitz), the two heads of Andreessen Horowitz revealed their plans on a 90-minute long podcast. They argued that a […]

According to the latest anti-ageing breakthrough, mice can live up to 25 percent longer with a therapy based upon the same science that enables axolotls to regrow their severed limbs. This technique protects rodents from multiple diseases and is being tested in human clinical trials at an early stage for fibrotic lungs disease. The findings […]

Disney’s Bob Iger, and his wife Willow Bay, agreed to purchase a controlling interest in the US National Women’s Soccer League team Angel City FC for $250mn. This is a record-breaking deal in the league, making it the most valuable female sports team in the entire world. The agreement, subject to league approval, demonstrates the […]

The pound reached a new high of one year against the dollar after UK inflation data for June came in slightly higher than expected at 2%. The data showed that consumer prices were higher than analysts’ expectations of 1.9%, and traders reduced their bets on whether the Bank of England would lower interest rates next […]

Sir Keir has laid out 40 bills that he says will start “a decade of renewal for our nation” in a King’s Speech for economic growth. The plan includes a large role for the government and an upgrade to worker’s rights. The new Prime Minister’s Legislative Plan — read by King Charles on Wednesday at […]

In a London court battle with luxury brand Thom Browne, Adidas was accused of trying to establish a “monopoly on clothing featuring stripes” by threatening fashion designers’ creative freedom. The New York designer and the sportswear group faced off at the High Court in Wednesday’s latest round of the long-running dispute about stacks of stripes […]

Semiconductor stock prices fell on Wednesday, after Donald Trump, the former US President said that Taiwan should be responsible for its own defense and reported reports suggested that the US may consider tighter restrictions regarding trade with China. The Nasdaq Composite Index, which is heavily weighted towards technology stocks, fell by 2.8 percent in New […]

The pound reached a new high against the US dollar, as traders re-wrote their bets about a rate cut by the Bank of England in the next month. The pound rose 0.45 percent against the dollar, to $1.30. This is the highest level since July 2023. Official figures revealed that a key measure for inflation […]

The company that is behind the first new mine in the UK in 30 years argued before the High Court on Tuesday that the mine would be “unique and net zero”. West Cumbria Mining, (WCM), continued to defend its mine in court, which will produce up to 60m tonnes coking coal over its lifetime. This […]

International Monetary Fund warned that the UK could face higher interest rates for longer if there are no further progresses in reducing inflation in the service sector. The Washington-based IMF raised its growth forecasts in 2024 for the UK but identified the sticky price growth of the service sector as an issue for the Bank […]

Adidas has raised its full-year forecast for the second time this year, in just three months. This is the latest sign that the turnaround plan of its CEO’s is gaining momentum. Sportswear Group now expects an operating profit of €1bn over the course of the year, compared to its earlier guidance for €700mn. The group […]

The gold price reached a new record on Tuesday, as the prospect of Federal Reserve rate cuts and a Donald Trump second term in office provided a double boost for the precious metal. Gold rose 1.7 percent to $2,465 per troy-ounce, surpassing the record set in May. Gold’s latest gains came after US inflation data […]

Harland & Wolff is asking the Labour government to reject a £200mn request for a loan guarantee. This will remove a vital lifeline that was being offered to this troubled shipbuilder in its quest for desperately needed funding. The company that built the Titanic employs 1,500 people at its four UK-based shipyards. It has been […]

The UK Transport Secretary has called for train companies to “take immediate action” to improve reliability, while launching an investigation into the “worse performance” of Britain’s railways. Louise Haigh, the British Transport Minister, announced on Tuesday that she would invite the leaders of Britain’s poorest-performing train companies to a meeting about performance after the number […]

In the next few months, Britain and the EU will hold their first ever bilateral summit as part of Labour Premier Sir Keir starmer’s efforts to “reset”, post-Brexit relationships with Brussels. Officials from the EU and Britain have confirmed the possibility of a summit, similar to the EU’s regular meetings with tertiary countries like India […]

Elon Musk announced on Tuesday that X and SpaceX would be moving their headquarters to Texas in response to a gender identity law passed by California. This is a major blow to Silicon Valley, as the billionaire has been at odds with California’s Governor, Gavin Newsom, for a long time. Newsom, a Democrat from California, […]

Ocado’s boss said that the company is committed to its London listing, even though it was relegated earlier this year from the FTSE 100. Tim Steiner said that he did not plan to take the online grocery group private or move its listing abroad, despite speculations about it possibly moving from London to New York. […]

Morgan Stanley’s investment bankers and traders have helped to boost the company’s quarterly profits, which has offset a decline in its wealth management business. The bank’s CEO, Ted Pick, said that the trading of equities, and fixed income, was “back” as the second-quarter revenue for the equities division rose by 18% to $3.02billion, while the […]

The International Monetary Fund upgraded its growth forecasts for the UK’s economy in this year. This is a major boost to the Labour Government, just weeks after the General Election. The Washington-based fund stated that the UK is on track to grow by 0.7 percent of GDP this coming year. This was up from the […]

Goldman Sachs’ chief executive hailed “the early innings of a recovery in capital markets and M&A” after the investment firm announced that its quarterly profit more than doubled from the previous year. The American Investment Bank, one of most influential institutions within the mergers and acquistions world, announced profits of $3 billion for the three-month […]

Goldman Sachs’ profits more than doubled during the second quarter, as it reaped benefits from a faster recovery in dealmaking and its bond and equity traders performed better than anticipated. After a slow two-year period in which central banks raised interest rates to fight inflation, dealmaking is now picking up. Goldman Sachs’ profits grew by […]

BlackRock CEO Larry Fink stated on Monday that investors are creating a “barbell effect” in the fixed income markets when they choose low-cost exchange-traded funds and alternative assets over traditional bond funds. Fink, the world’s biggest money manager, announced that BlackRock had reached a new record of $10.6tn of assets under management. He also cited […]

The French Football League has reached a last minute broadcast agreement for the coming season. This deal will prevent a financial crisis from arising at some clubs, but it will also lock in a lower price than originally hoped. Two people with knowledge of the situation say that DAZN, a sports streaming service, will pay […]