British Airways, the owner of British Airways, will pay its shareholders a dividend for the first since the outbreak of the pandemic. The company has enjoyed a successful first half of 2024 with a positive outlook for the remainder of the year. International Consolidated Airlines Group announced its results alongside the announcement that it will […]

Intel plans to cut 15,000 positions as it attempts a revival of its manufacturing operations that have fallen behind the development and artificial intelligence. In New York, the shares of American chipmaker were down more than 20% in pre-market trade after it announced on Thursday night a drastic plan to reduce costs and warned that […]

David Beckham’s gaming group is fighting for its survival, less than four year after it joined the London Stock Exchange. Guild Esports – which runs teams competing in Fortnite, Tekken and other video game competitions – has told shareholders it must raise additional funds and reduce costs as it has only £25,000 in its account. […]

After the Bank of England lowered rates for the first in over four years, the pound and FTSE 100 both fell dramatically. According to central bank forecasts, the economy is expected to grow much faster than originally thought this year, but the rate of growth over the long-term is still significantly lower than the target […]

Apple exceeded Wall Street’s expectations in the fourth quarter, as a rise in demand for iPads and Macbooks compensated for a drop in iPhone sales. The most valuable company in the world, valued at more than $3 trillion on the stock exchange, has reported a total revenue of 85.5 billion dollars for the three-month period […]

Brussels warned the UK that it must implement the existing Brexit agreements regarding Northern Ireland, and the rights for EU citizens in Britain, if it wanted to improve its relationship with the bloc. The Prime Minister, Sir Keir starmer, has stated that his government is seeking to improve the UK’s relationship with the EU by […]

In response to the growing backlash against mass tourism, Spain’s Valencia region in the south has joined a growing list of governments that are cracking down on holiday rentals similar to Airbnb. The regional government overseeing beach hotspots such as Benidorm, Alicante and others is trying to eradicate black-market rentals. It has threatened to fine […]

Carpetright collapsed in debts worth almost £345m. More than half are owed by customers, suppliers and landlords, as well as other unsecured creditors. Administrators from PricewaterhouseCoopers, who were called in to the retailer this month, said unsecured creditors, including the technology group Microsoft and the carpet suppliers Condor and Betap, were owed £213m and that […]

Chip designer Arm Holdings on Wednesday reported a stronger-than-expected 39% surge in quarterly revenue, and forecast fiscal second-quarter sales broadly in line with Wall Street estimates, yet its shares fell about 9% in extended trading. According to LSEG, Arm’s second-quarter revenue is expected to range between $780m (USD) and $830m (USD), compared to an analyst […]

Boeing named aerospace industry veteran Robert “Kelly” Ortberg its new President and CEO, as it fights to repair and shore up the business. The company is facing its biggest safety crisis ever since the deadly crashes of 2018, and 2019, that killed 346 people. This is not a paid-for wall – you can still read […]

Shell, a London-listed competitor of BP, has reported better-than-expected profits and extended its multi-billion dollar share buyback program. The adjusted profits of Europe’s largest oil and gas company increased by 24 per cent during the second quarter to $6.3 billion, from $5.1 billion. This was ahead of expectations of $6 billion. The shareholders were rewarded […]

The housing market is “relatively stable” despite the fact that many people still struggle to buy their first home. According to Nationwide, Britain’s third largest mortgage lender, the average house price has increased by 2.1% compared to this time last. This is the biggest increase year-on-year since December 2022. Kwasi and Liz Truss “mini-budget” shocked […]

Barclays posted a better-than expected first-half profit and announced a cash return of £1.2 billion to its shareholders. Its boss said that the turnaround plan was on track. The FTSE 100 lender’s pre-tax profit in the six-month period to the end June fell by 8 percent to £4.2 billion, exceeding City analysts’ expectations for a […]

Adidas admits that it made a mistake in using Bella Hadid as a supermodel to promote a retro trainer brand dating back to the 1972 Munich Olympics. Bjorn Gulden is the chief executive of Bjorn Sportswear, a German sportswear company. He said that they were reviewing their procedures to avoid such mistakes, but also added […]

Bank of England cuts interest rates first in four years. This is a relief for millions of homeowners, and families who are still struggling with the rising cost of living. After holding borrowing costs at their highest level for more than 20 years, the nine-member monetary policy group (MPC), which is responsible for setting the […]

Facebook and Instagram’s owner beat Wall Street estimates for sales on Wednesday night, as it sought investors’ concerns about the billions it spends on artificial intelligence. Meta Platforms’ revenue in the second quarter, which is the world’s biggest social media company, grew by 22 percent to $39.07 Billion in the three-month period ending in June, […]

The government scrapped a “Tell Sid-style” sale of NatWest share to the public amid fears it could have cost taxpayers up to £450 million. In November, the previous Conservative government floated the idea of selling a part of the nearly 20 per cent state stake in FTSE 100 to individual investors. Rachel Reeves, however, revealed […]

BDO and Forvis Mazars were warned they could be banned from signing the accounts of their largest clients if their quality of audit work doesn’t improve. The Financial Reporting Council has once again scolded the two accounting firms that are respectively the fifth and six largest auditors in Britain for their work during the last […]

Prada, the Italian luxury fashion company, defied the slowdown in the luxury sector by reporting double-digit revenue increases in the first six months of the year. This was fueled by the booming sales of its Miu Miu brand and an increase in sales in Japan. The company reported on Tuesday that net revenues increased by […]

St James’s Place announced higher profits and received more money from its customers than expected during the first half of the year as it laid out plans to cut costs. Shares in the UK’s biggest wealth manager rose by 20 percent. Mark FitzPatrick, chief executive of SJP, said that the company would cut £100mn per […]

The Eurozone’s economy grew faster than expected, by 0.3 percent in the second quarter. This has allayed fears that the fragile recovery is losing steam. The growth rate of the gross domestic product on Tuesday was 0.3 percent higher than the Reuters polled economists, who had expected a slight slowdown to 0.2 percent. The European […]

Diageo’s head has warned consumers that they are in an “extraordinary” environment, as the company reported its first drop in global sales since 2020. The company that makes Smirnoff, Casamigos, and Johnnie Walker whiskey expects consumer pressure to continue in the months ahead, echoing the warning issued by fast-food chain McDonald’s Monday. Debra Crew, chief […]

   Metals One is embarking on an exciting journey with its helicopter-supported drilling program at the Rana Project in Norway. This initiative aims to explore nickel, copper, and cobalt mineralization, potentially paving the way for significant mining developments. Table of Contents Introduction to Metals One and the Rana Project Overview of the Joint Venture […]

  In this insightful interview, Nick Tullock, the CEO of Voyager Life, shares exciting updates about the company’s helium projects and plans following his recent site visit to Kansas. With promising well results and a strong operational framework, Nick discusses the future of helium production and its implications for investors. Table of Contents How was […]

The Ministers will shift housebuilding targets from Labour-supporting large cities to more rural Tory corelands and stop local councils from blocking development because it is “out of character” in their surroundings. London’s housing industry has always considered the London target to be unrealistically high. The new Labour government is lowering it. The UK government announced […]

BP shareholders will receive a payout of several billion dollars this year, after the oil giant announced better-than-expected quarterly profits of nearly $2.8bn. After reducing its green investments, the oil company angered environmental groups by approving the development of potential oil reserves of 10bn barils from the Kaskida Project 250 miles south-west New Orleans. It […]

Standard Chartered bosses say that fears of a China-US trade war under a second Trump presidency are exaggerated. They said the real estate problems in the country were “largely behind us”. Bill Winters, the chief executive of the London-based bank, has played down any impact the strained relationship between Washington and Beijing may have on […]

Rachel Reeves cut winter fuel payments to 10 million pensioners who are wealthier. She did this in order to plug the £22bn hole that she claimed was “covered up by the Conservative Government” and hinting towards tax increases in her first Autumn Budget. She also axed the long-delayed limit on the amount people will pay […]

Rachel Reeves accused Jeremy Hunt on Monday of lying about the condition of the public finances. This escalated a dispute with the Conservatives, who claimed that they had left a £22bn deficit. The chancellor said that her predecessor had “knowingly and intentionally… lied” about public spending to the MPs and country. “Jeremy Hunt hid the […]

Greggs increased its prices for certain items. This includes an additional 5p per sausage roll and the vegan equivalent. Roisin Currie said that the Newcastle-based company had raised prices on some products in recent weeks, including cheese sandwiches. She added that it was under increasing pressure due to a rising wage bill. She said Gregorys […]

According to official statistics, Germany is also heading towards a recession. The Utopia of the Seas, built in Saint-Nazaire by Royal Caribbean for the cruise ship operator, added €1bn to the French economy, contributing to a 0.6% increase in trade and 0.3% in gross domestic product in the three-month period ending June. Eurozone increased by […]

Labour’s drive to make the UK an “island” of stability seems to have been perfectly timed. Rachel Reeves is promoting Britain as an investment destination that has recently become more stable. The new Chancellor will encourage international business to “take a second look at Britain” at the G20 in Brazil. She will declare that “after […]

McDonald’s sales have dropped for the first since the pandemic, as customers avoid more costly Big Macs. Fast food chain reports a 1pc drop in global sales for the three-month period ending June 30 – first decline since end 2020 when stores were shut during lockdown. A Big Mac’s price has risen by 60pc from […]

After Labour’s overwhelming victory in the general election this month, optimism among senior executives of some of Britain’s largest businesses has increased. According to Deloitte’s latest survey, chief financial officers are more willing to take on risk, and their concerns about uncertainty have receded sharply. They also expect revenue growth. In the closely-watched survey, which […]

Arthur Mensch is a Paris celebrity. The entrepreneur, who is also the chief executive officer of Mistral (Europe’s answer to OpenAI), has become a celebrity not only in Silicon Valley but in his own country. Mistral, named after the cold, strong wind that blows out of southern France and into the Mediterranean Sea, is described […]

The share price of Reckitt Benckiser has fallen to its lowest level in 10 years after a US Court ruled that a rival Abbott Laboratories’ formula caused a girl to develop serious bowel problems. The shares of the British Consumer Goods Group, who is also facing legal action for its Enfamil product, fell by around […]

In this week’s edition, we explore key market movements and trends across major indices and notable stocks. From the FTSE 100’s breakout to insights on Bitcoin and gold, we provide a comprehensive analysis for investors looking to navigate the current market landscape. Table of Contents Introduction to Market Overview FTSE 100: Breaking Out of the […]

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.