Southern Water, Britain’s largest water company, is preparing contingency plans for future shortages of water and drought by tankering water from Norway. Southern, with 2.7 million drinking water customers in the south east of England, would be able to import up to 45mls per day from Norwegian fjords, and pay for this from their customers’ […]

Commerzbank will hold talks with UniCredit, after the German lender strengthened its defences against an alleged takeover. The German lender had promised to increase profits and payouts for shareholders. Bettina orlopp, Commerzbank’s finance chief, who was appointed as the bank’s next chief executive Wednesday, revealed that on Friday, Commerzbank would be holding its first round […]

Royal Mail’s parent, Royal Mail, has criticized the slow pace of Ofcom’s consultations on reforming the universal service obligation of the struggling postal operator. Keith Williams, aged 68, said to International Distribution Services shareholders at the annual meeting on Wednesday that, while the Royal Mail, which is losing money, welcomed Ofcom plans for consultation, the […]

New figures reveal that the production of hybrids and electric cars fell by 25,9% last month due to a decline in demand. According to the Society of Motor Manufacturers and Traders (the car industry’s body), this led to a decrease in their share of the overall car production to 29,6 per cent. The trend will […]

H&M Group’s quest for global fast fashion dominance seems to be further out of reach, after the retailer had to abandon its annual profit targets. Daniel Erver said that the group’s earnings target had been lowered for the year due to higher marketing costs, a weaker demand, and “turbulence” in the world. Our sales revenue […]

Mark Zuckerberg unveiled Meta, a pair of smart glasses that translate languages while on the move. He also revealed an artificial intelligence assistant with a voice that sounds like Dame Judi. The Silicon Valley billionaire presented the technology at Meta Connect’s annual conference in Menlo Park at the company headquarters. The Ray-Ban Meta smart sunglasses, […]

OpenAI’s chief executive is on track to join the ranks of Big Tech Billionaires if the company adopts a “for profit” model. Sam Altman, 39 years old, may be given a 7 percent stake in ChatGPT. The American startup was founded in 2015 as a non profit organisation. Analysts estimate that under the new structure […]

Two of the most prestigious credit rating agencies in the world have rated Thames Water as on the verge of default. This could bring a government-backed bailout deal closer. Moody’s and S&P stated that Thames Water struggled to access cash quickly to meet its debt repayment obligations. The two downgraded the top-rated £16billion debt of […]

As rain poured down on the Kent countryside, Pierre-Emmanuel Taittinger said, “God couldn’t have done it any better.”In blazing sun, less than 30 minutes earlier, the Duchess had opened the Domaine Evremond Winery in Chilham. One journalist fainted because it was so hot. Taittinger purchased the 125-hectare property in 2015. This was the first major […]

Rachel Reeves’ plans, which are being developed by officials, will allow her to free up up to £50 billion for roads, housing, and energy projects, as well as other large-scale initiatives. The chancellor asked Treasury to examine changing government borrowing rules, which would give her a windfall and fulfill Labour’s promise to increase investment in […]

Elon Musk escalated his verbal war with the UK Government after being refused an invitation to a upcoming business investment conference. The Tesla billionaire responded to the news about the snub by saying: “I do not think anyone should travel to the UK at a time when they are releasing paedophiles to jail people for […]

Ministers are trying to convince Navantia that it should bid on four Harland & Wolff shipyards in Northern Ireland, England and Scotland. This is to prevent job losses for the struggling British shipbuilder. According to those briefed about the issue, ministers want to convince Navantia that it should take over the four Harland & Wolff […]

Sir Keir has cleared the path for a large increase in capital expenditure at the Budget next month, after his government received the backing of Paris-based OECD reforms that boost growth-enhancing investment. In New York, Prime Minister Cameron said that he wanted the government to be a “catalyst”, encouraging private investment. He also indicated he […]

OpenAI’s Chief Technology Officer, Mira Murati is among several employees who are leaving the company. This has triggered a leadership shakeup in the AI startup as it considers a change to its corporate structure. Murati shared a message with his employees on Wednesday saying: “After much thought, I’ve made the difficult choice to leave OpenAI.” […]

Mark Zuckerberg unveiled Meta, a pair of smart glasses that translate languages while on the move. He also revealed an artificial intelligence assistant with a voice that sounds like Dame Judi. The Silicon Valley billionaire presented the technology at Meta Connect’s annual conference in Menlo Park at the company headquarters. The Ray-Ban Meta smart sunglasses, […]

The biggest sofa retailer in Britain has suffered a loss due to a combination of sluggish sales, delays on Red Sea shipping and increased debt costs. DFS Furniture reported that it had lost £1.7 million before tax for the 53-week period ending in June. This is a sharp drop from the profit of £29.7 millions […]

Chick-fil-A, the American fast-food chain, has announced five new locations as part of its second attempt to enter the British market. The 56-year old family-owned company, which operates more than 3,000 restaurant in the United States and Puerto Rico, will open five new restaurants in the UK within the next two-years. London, Leeds, and Liverpool, […]

The Co-operative Group returned to profit in the first six months of the year, despite having lost almost £40million due to shoplifting. The mutual reported a profit of £58million for the six-month period ending June. This is a significant improvement over the loss of £33million during the same time last year. It holds a 6.1% […]

PwC’s 1,036 UK-based partners received an average of £862,000 in profits for the year ending June. This is down from £906,000 a decade ago, when Britain’s largest auditor invested in its business. Total revenue (which includes UK, Middle East, and Channel Island businesses) increased by 9 percent to £6.3 billion. Profit before tax, however, fell […]

Rightmove’s directors have rejected a better takeover bid from an Australian competitor, who valued the online property portal in £6 billion. The FTSE100 company stated that the offer by REA Group valued its shares at $759 per share and that this deal “materially underestimates” the company. The suitor increased the offer to 341p cash and […]

A leading international forecaster has given the UK economy the largest annual growth upgrade of the G7 in this year, a boost for the government’s efforts to kickstart its economy. The Organisation for Economic Cooperation and Development (OECD) said in its latest outlook for the world economy that the UK economy is on track to […]

The new French government has begun to study options for taxing the wealthy and companies in order to reduce deficits while maintaining President Emmanuel Macron’s pro-business record. Antoine Armand is the finance minister of France. He was a member of Macron’s centrist party until he was named to Prime Minister Michel Barnier’s cabinet in this […]

The US Department of Justice filed a lawsuit against Visa accusing it of monopolizing the debit payment market and abusing its dominant position in order to crush any potential competitors. In a civil complaint filed in Manhattan Federal Court on Tuesday, the plaintiff alleged that the company behind US’s largest payments network “insulates themselves from […]

People with knowledge of UK government plans say that the UK will not terminate the contract of troubled intercity railway operator Avanti West Coast. In the past year, leaders in the north demanded that the operation of this route, which connects London to cities such as Birmingham, Manchester, and Liverpool, be nationalised due to their […]

China accused Calvin Klein’s parent company of boycotting cotton in its western Xinjiang Region, threatening to place a US firm with significant interests on a blacklist for national security. Beijing’s threats to put PVH, an apparel maker whose brands include Calvin Klein, Tommy Hilfiger and Tommy Jeans, on its list of “unreliables” are likely to […]

Smiths Group shares fell on Tuesday from their all-time highs after a perceived small miss in its financial results. It is the last great British conglomerate, with four multinational divisions – John Crane Detection Flex-Tek Interconnect – that span the industries of energy, aviation, aerospace, automotive, and semiconductors. It has 15,000 employees in 50 countries. […]

The construction of Britain’s very first laboratory skyscraper will begin on Tuesday in Canary Wharf (east London) with the goal of providing more space for scientists. A partnership between Canary Wharf Group, a Dutch developer and Kadans Science Partner is developing the building at North Quay, Europe’s highest purpose-built lab building. The “vertical campus”, a […]

Boeing, the troubled planemaker, announced to its striking workers a “best-and-final” offer of pay. However, its largest union refused to vote on an offer that did not meet their members’ needs. The International Association of Machinists and Aerospace Workers said that the company refused to negotiate over the proposal. It was not negotiated by the […]

The deputy chairman at Dunelm sold £114m of shares to a discount, but he says that he is “fully committed” to Britain’s largest homewares retailer. Sir Will Adderley, the son of Dunelm’s founder and former Conservative Party donor, and an investment vehicle he controls with his wife, sold 10 million shares or 4.9 percent of […]

After a key activity measure fell for the fifth month in a row in September, economists warned that Germany’s economy was stuck in a vicious cycle of stagnation. This month, the Ifo monthly business climate index fell from 86.6 down to 85.4. The forecast was for 86.1. This is the fifth consecutive drop in the […]

Goldman Sachs predicted that the pound will reach its highest level against the US Dollar since 2021, thanks to the UK’s growing economy and the Bank of England lowering interest rate gradually. The US investment bank predicted that the pound would reach $1.40 within a year, up from $1.32 in its previous forecast and $1.33 […]

The Bank of England governor has stated that interest rates will continue to fall slowly, even as inflation is brought under control. They are unlikely to return near zero rates of previous decades. Andrew Bailey was “very encouraged by the falling inflation. It has fallen from a high of 11,1 per cent in October of […]

According to sources within the government, Rachel Reeves may change how fiscal rules of the government are calculated in order to allow for billions more pounds to be spent on capital projects. The chancellor said Labour Conference that she believes the Treasury undervalues public investment, and wants to change how public spending is viewed at […]

Two separate surveys of businesspeople indicate that uncertainty ahead of Labour’s first Budget since 2010 next Month is impacting the UK economy. S&P Global, a data company, said that the UK private sector growth in September slowed down for the second month running. This affected the manufacturing and services industries. Some companies report that their […]

The REA Group, owned by billionaire Rupert Murdoch, has added an additional £200m in a sweetened bid for Rightmove. This value the UK’s largest online property portal to more than £6bn. In a public statement sent to the stock exchanges of Sydney and London, the Australian group announced that it had made a $3.25bn third […]

Friedkin Group agreed to purchase Everton two months after pulled out of negotiations for the purchase of Farhad Moshiri’s 94.1% stake. Over the weekend, the US company owned by billionaire Dan Friedkin held constructive discussions with Everton majority owner John Textor in an attempt to outbid the Crystal Palace Co-owner John Textor. Friedkin’s withdrawal from […]

The US Federal Reserve is expected to cut interest rates again in November. This has led traders to increase their bets, boosting hopes that the US economy will avoid a recession. Investors think there is a 53 per cent chance that the Fed will repeat its half-a-percentage-point cut to borrowing costs days after the US […]

Oxford Metrics warned its profits this year would be “materially lower” than expected, wiping out about a fifth of the share price. Smart Sensing Software, whose products are used to create the digital avatars of Abba Voyage, the virtual reality pop show, reported that its customers were more cautious in their purchasing decisions in the […]

Germany has escalated the battle for the future of Commerzbank, after Berlin said it was against a takeover just hours after Italy’s UniCredit announced it had increased its share in the Frankfurt-based bank. UniCredit shocked the European banking industry, including Germany, earlier this month by announcing that it had purchased a 9.1% stake in Commerzbank. […]

AstraZeneca’s acquisition of a cancer drug for up to $1billion has been marred by disappointing results in late-stage trials, causing yet another clinical setback. The FTSE100 company stated that phase III results of datopotamabderuxtecan (also known as Dato DXd) for a form of advanced breast carcinoma did not improve the overall survival rate for patients. […]

Rightmove has received a third takeover bid of £6.1 billion from a Melbourne property company, after having rejected two previous offers. Rea Group’s latest indicative offer – 341p cash and 0.0422 Rea shares – values the UK’s property website at 770p per share. This is a 39 percent premium over Rightmove’s previous share price. Andrew […]

Five years ago, Realty Income was a new American investment trust. Since then, it has quietly become one of Britain’s largest owners of retail parks, shops and supermarkets. Realty is a rare exception. While other investors are hesitant to invest due to the rising costs of financing and the uncertainty surrounding the future brick-and-mortar stores, […]

Ineos chief warns that oil tax raids and drilling restrictions could’suffocate’ the industry. A North Sea pipeline system that is vital to the economy could be closed a decade sooner than expected due to ‘s tax raid. According to its CEO, the Forties Pipeline System could be shut down by 2030 due to Labour’s policies […]

The No. 10 team is preparing for a possible defeat at the Labour Conference, where a vote will be held to condemn cuts in winter fuel allowances. Major trade unions are lining up to support a motion that would reverse Rachel Reeves’ decision. Unite and Communication Workers Union (CWU) are leading the charge to have […]

Tax authorities have warned self-employed workers to prepare for an upcoming crackdown. This could result in more inquiries into their earnings. The Supreme Court dismissed last week an appeal filed by the football referees body regarding a £584,000 tax due on employment. Professional Game Match Officials Limited, or PGMOL, provides referees to all Premier League, […]

Parents and grandparents rush to transfer property, cash and investment before the budget in October. Lawyers report a rise in large gifts made by families who are convinced that the government is going to target capital gains (CGT) or inheritance tax (IHT), to help plug the multi-billion-pound gap in the public finances. Amid fears that […]

Paul Cossell, a building industry grandee, was optimistic two years ago in the glistening, glass-clad ISG offices in London’s fast-rising Aldgate District. He said, “I believe our industry is becoming sexier.” “We can save the world.” He had every reason to be confident. He had good reason to be confident. The judges noted that he […]

Thames Water’s creditors plan to inject over £1 billion before the end the year to give the utility a financial lifeline as it attempts to sort out its finances. The City’s sources say that a group of hedge funds, institutions and other financial firms holding around £10 billion in Thames debt believes the company needs […]

One of the largest sovereign wealth funds in the world has announced that it will not be investing in the UK’s regulated utilities for water, electricity and natural gas. This is a major blow to Labour’s hopes of attracting global investors. It can be revealed that the Singapore sovereign wealth fund GIC, along with a […]

Despite a rapidly declining share price, Pantheon Resources PLC appears to be strategically positioned to advance its Alaskan oil and gas projects, with a clear focus on minimizing shareholder dilution and maximizing value. The upcoming Megr-1 well and the gas sales initiative with AGDC are pivotal to the company's plans. Investors can expect further updates as these initiatives progress, with the potential for significant value creation in the near term.

Thames Water, whose future is at stake, has revealed that it is trying to buy more time by rewriting its loan agreements with lenders. Sources claim that the troubled water company is trying to extend its “liquidity flight” after admitting to only having enough cash to run operations for 8 months. As part of its […]

With the virtual-reality headsets from Avantis, students can travel back to the trenches of World War I or even into outer space. To oversee the Gloucester-based firm’s fastest-growing US market, real-world sales teams still visit schools and talk to teachers in all states. Huw Williams is the CEO of a British company that specializes in […]

Journalists from the Guardian Media Group are revolting against a planned sell-off of The Observer, citing concerns that this could affect staff financial security. The National Union of Journalists voted to condemn the “flawed analyses” that led to the decision to sell the Sunday title to Tortoise Media. According to a person in attendance, the […]

Lord Ashcroft’s Gusbourne estate, which is controlled by him, may be for sale at a high price but the harvest this year will face “challenging vineyard conditions”. After building up strong stock, the group does not expect any interruptions in supply. Mildew had affected many vineyards in West Sussex. The company said that they would […]

In 2023-24, the total withdrawal charges for Lifetime Isa will be worth £75.2 million  — a nearly 40% increase from last year’s total of £54.3 million . Finance experts say that the figures released by HM Revenue & Customs highlight the need for reforming Lisas which helps people save up for their first house or […]

One of Britain’s largest merchant banks sells its wealth management division for up to £200m to strengthen its balance sheet in preparation for possible regulatory action against its motor finance business. Close Brothers, an American private equity company, will receive £172m in cash up front after it announced on Thursday that they had agreed to […]

Next warned it may be forced to shut down stores following a legal victory over equal pay. The retailer is expected to lose more than £30million after the landmark case. In a recent report, the FTSE 100 clothing chain and homewares company said that the Equal Pay ruling could have an impact on whether or […]

Ocado’s sales outlook has been raised for this year due to the stronger summer trading. The grocery delivery business also gained more customers. Ocado Retail reported a 15,5% increase in revenue during the 13 week period leading up to the beginning of September. This is a significant improvement from the £570 million reported a year […]

After voting 8-1 to not change monetary policy, the Bank of England held interest rates at 5%. The nine-strong monetary committee announced that it would adopt a “gradual” approach to lowering the interest rates, as the inflation rate is expected to rise for the remainder of the year. The market expected the decision to be […]

Leading experts in the UK have warned that there will be a “tsunami” of cancers missed, following an international study which found that diagnosis rates dropped sharply during this pandemic. The preliminary figures of the International Cancer Benchmarking Partnership were presented to the delegates at World Cancer Congress, Geneva. They compared data from Australia, Canada […]

The price of chocolate has risen by 11% over the last year, far exceeding the increases in other food items across UK supermarkets. According to Which?, consumers who open their doors for trick-or treaters may decide to reduce spending on 31 October. The cost of chocolate has risen sharply over the past year, far above […]

Stuart Rose, former boss of Marks & Spencer and Topshop will take over Asda when the struggling supermarket’s Co-Owner Mohsin Issa steps down from executive duties due to falling sales. Lord Rose, chair of asda will be leading the company alongside Rob Hattrell. Hattrell is a director on the board and partner in TDR Capital. […]

Boeing CEO announced on Wednesday that “a large number of” employees would be furloughed to save money during the union machinists’ strike that began last weekend. Kelly Ortberg said that the layoffs were temporary and would affect managers, executives and other employees. Around 33,000 Boeing workers in the Pacific North-West started a strike Friday, after […]

The UK branch of TGI Fridays has announced that it will appoint an administrator, which puts the future of all 87 restaurants and its 4,500 employees at risk. Hostmore is a London-listed company that has announced it will appoint administrators from Teneo and sell its restaurants to rivals. In the interim, restaurants will operate as […]

According to the shadow monetary committee, Bank of England’s interest rate should remain unchanged at 5% this month. It also needs to accelerate its gilt sales. The shadow MPC, which is responsible for deciding the interest rate on Thursday, voted unanimously to maintain the current base rate after the first rate reduction in four years […]

Legal & General’s new CEO, the FTSE 100 listed financial services company, made his first major strategic move when he struck a deal with its housebuilding division for £1.16billion in cash. L&G agreed to sell Cala Homes, the London-based housebuilder that was previously owned by L&G, to Sixth Street Partners. Patron Capital is a buyout […]

Tupperware’s airtight containers, which have become synonymous for food storage, appear to be on their way out. The American kitchenware firm has filed for bankruptcy in its struggle to survive. Tupperware Brands is asking the court for permission to sell the company while it’s still operating. The brand shot to fame in the 1960s & […]

According to a report on Britain’s missing workers, the UK workforce is shrinking faster than it has in the past 40 years, costing £25 billion annually and adding $£16 to fiscal pressures to the public finances. The UK has one of the most serious economic inactivity issues in the developed world. A two-year study of […]

The Chinese owners of British Steel Works at Scunthorpe revealed that they had not made any profit since they saved the company. British Steel Ltd., which is owned by Jingye since 2020, caught up with its annual accounts after two separate disputes over audit fees. The company reported losses of £408m in 2022, following a […]

After the annual inflation rate in the UK remained at 2.2% in August, it is expected that Bank of England will keep interest rates unchanged on Thursday. Official figures reveal that consumer prices remained stable from July to August when measured annually, defying expectations of a slight rise up to 2.3%. The Bank, who cut […]

Tortoise Media, a new online media company, is in negotiations with the Guardian Media Group to purchase the Observer, which is the oldest Sunday newspaper in the world. In a memo sent to its staff on Tuesday, GMG stated that it was currently in negotiations with Tortoise after the latter approached them with an offer. […]

As part of the sweeping changes to safety coming to the social networking app , Instagram will now allow parents to view who their children message. This is in response to concerns about online grooming and sexual exploitation. Meta, the company that owns Instagram, will tighten privacy settings on Instagram for millions of teens. Under-18s […]

Intel has cancelled plans to build a €30bn microchip plant in Germany, a blow for Europe’s technological plans. The US chipmaking company said that it would postpone construction of a site in Magdeburg for around two years and also a facility in Poland despite receiving billions in state subsidies. Intel announced the announcement as it […]

Tesco’s chief executive said that it could use Clubcard data in order to alert shoppers when they purchase too many unhealthy products. The head of Britain’s largest supermarket has said that he expects to use artificial intelligence to monitor the way customers shop to “nudge” them into making healthier decisions. Ken Murphy, a Tesco spokesperson, […]

After a dispute over an historic loan with a Greek shipping magnate, a company owned by the former Newcastle United director Amanda Staveley was forced into liquidation.According to both parties, a London court liquidated Staveley’s Apollo Belvedere Services – a UK company formerly known by the name PCP Capital Partners – on September 11, following […]

The markets are preparing for aggressive US Federal Reserve moves to reduce borrowing costs. Traders have increased their bets on the Bank of England cutting interest rates this Thursday.According to LSEG, investors are pricing in a probability of around 35 percent that the UK central will cut rates 0.25 percentage points. The market had a […]

Pret A Manger sold £1 billion for the first year in its history, as it expanded into international markets. Now, £1 of every £4 is spent outside the UK.The sandwich chain has expanded its global portfolio of 690 stores and opened 81 new shops around the world in the past year. Of these, more than […]

Evan Spiegel, co-founder of Snap and its chief executive, describes building augmented reality glasses as “a journey”, “a blue ocean strategy”, or a leap into a new territory.It is a holy grail of technology to be able to incorporate highly complex technologies, including batteries, into an easily wearable frame.Snap announced the fifth generation of Spectacles […]

US consumer spending was unexpectedly high in August despite a slowdown on the labour market.The US Department of Commerce Census Bureau reported that retail sales rose by 0.1 percent after a 1.1 percent increase in July which was upwardly revised. Reuters polled economists who predicted that retail sales (which are mainly goods and not adjusted […]

BlackRock and Microsoft are preparing to launch an artificial intelligence fund worth more than $30 billion to help meet the growing demand for AI. The fund will be used to finance data centres, energy projects, and other infrastructure to support AI.The financial partnership that BlackRock will launch with its new Infrastructure Investment Unit, Global Infrastructure […]

The third delay in the planned post-Brexit check on fruits and vegetables imported into Britain from EU has been made due to concerns raised by suppliers that the checks could result in higher prices for consumers. The government has announced that it will postpone by six months the plans to implement checks on certain fruits […]

According to consumer advocate Martin Lewis, the government’s “perverse” targets for installing electronic smart meters at homes in the UK are causing energy customers to be shortchanged. Lewis, the founder and chair of MoneySavingExpert.com (MSE), has written to Ed Miliband, the secretary of state for energy security and net zero, warning that installations are being […]

A left-of centre think-tank said that the government should invest £15bn per year in a radical reform programme designed to improve national prosperity and wellbeing. The Institute for Public Policy Research said that the UK’s worsening state of health affected the supply and quality of workers. It also worsened productivity. Pay was held back, causing […]

Sky Betting & Gaming, an online gambling company, has been reprimanded for sharing customer information illegally with advertising firms that then targeted those users with personalised advertisements. After a complaint from the Clean Up gambling campaign group, The Information Commissioner’s Office said that it had investigated Bonne Terre Ltd. trading as Sky Betting & Gaming. […]

Kingfisher, the owner of B&Q, has increased its forecast for its lower end despite a weaker demand for high-ticket items. Its French business is also still struggling. As a result of signs that the housing market is improving in Britain, DIY retailer Screwfix said they expected a pre-tax adjusted profit between £510 and £550 millions. […]

AllSaints has achieved another record-breaking year in terms of revenue and profit. The fashion retailer’s sales and John Varvatos (its American subsidiary brand) rose by 0.6 percent to £459.5 in the 12 months ending February 3. Operating profits increased 18% to £68.9, a rise of 18%. The net cash position at the end was £58.1million, […]

According to a new analysis, the Bank of England’s decision of selling back bonds to investors to reduce its balance sheet quickly could cost the government as much as £96 billion over the next few years. The New Economics Foundation (NEF), a think tank, has calculated the cost of the Bank’s decision to implement “quantitative […]

THG, the struggling online beauty and nutrition company, has announced that it will spin off its technology division in order to improve its balance sheet and share performance. The Manchester-based company said that it was “actively reviewing potential structures” to facilitate the demerger. THG Ingenuity provides ecommerce, logistics and other services to retailers. After the […]

BP plans to exit the American onshore Wind Market with ten wind farms, as its new boss tries simplifying the business and boosting returns. The FTSE-100 energy group is selling its existing US onshore winds farms. These wind farms span seven states, and have a combined power of 1.7 gigawatts. BP said it would launch […]

Harland & Wolff – the shipyard which built the Titanic – is about to enter administration for the second consecutive time in just five years. Harland & Wolff Group Holdings was “insolvent” on a basis of balance sheet, according to the Belfast-based firm. The holding company will undergo an administration process, but the operating companies, […]

Labour has promised to end “presenteeism”, or the culture of not showing up for work, in Britain’s offices. They claim that flexible working as a right will make employees more productive and loyal.Jonathan Reynolds, the Business Secretary, stated that allowing employees to work at home or ignore emails and phone calls after hours will increase […]

Russia has opened branches of its biggest state banks in Mariupol and other cities, consolidating its grip on the newly occupied parts of Ukraine.The Kremlin is encouraging companies to enter Ukrainian territories that were seized by force at the beginning of its full scale invasion 2022. Sberbank, and VTB are two of Russia’s largest state-owned […]

Roche has raised hopes that the Swiss pharmaceutical company may have a blockbuster drug in its hands. Early trial results showed rapid weight loss for recipients of new treatments from the Swiss group. Investors have been unnerved by the recent revelations that high rates of vomiting, and other side effects, among people who take strong […]

Over the last year, European governments have sold more than €16bn in bailed out bank stocks as they try to put an end to the effects of the global economic crisis. The government has been able to take advantage of the share price increases due to higher interest rates by accelerating disposals of bank shares. […]

Thames Water has asked investment giants Brookfield Infrastructure Partners, and Global Infrastructure Partners for help in a £3.3 billion fundraising effort to save the utility. Rothschild has given the company a deadline for assembling potential investors to raise equity. This is set at early November. Stonepeak, a US-based fund, was also reportedly approached. The success […]

Knoops raises £5 million through a deal valued at £34million. The chain of fast-growing chocolate drink cafes aims to open 5,000 outlets worldwide within the next decade. Since William Gordon-Harris first tried a Ugandan hot chocolate with 80 per cent cacao at a small cafe in Rye in Sussex in 2019, the business has taken […]

Rachel Reeves was warned that closing the private equity loophole, which would raise at least PS500m, could lead to a mass exodus of rich individuals and reduce the revenue that the chancellor hoped to generate. EY, a professional services company, said that 60% of its clients in asset management had requested it to work on […]

The best time to shop at TK Maxx begins as soon as it opens. The dozens of bargain hunters that had gathered at the retailer’s Croydon branch in south London mid-morning on a recent weekday knew this. Families, students, and pensioners all know to get the best deals and browse in relative quiet, they need […]

The Chase Center in San Francisco, a 18,000-seat arena for sports and entertainment, was filled with a frisson of intrigue and fear. Mark Zuckerberg, third richest man in the world, was seated on a stage wearing a loose shirt with a mop curls to talk about his 20-year tenure as CEO of Meta, which owns […]

Harland & Wolff’s two giant yellow gantry-cranes, Samson and Goliath have dominated Belfast’s skyline for the past half century. “You’ll know when you see them,” Ernie Morrison said, who worked at the Titanic shipyard from 1959 to 2000. He was drinking a pint in a working men’s bar. Irony is evident in the names given […]