Tate & Lyle is the latest company that has taken advantage of recent reforms to listing rules. It announced it had dropped plans to submit a proposed £1.4billion acquisition to a vote by shareholders. According to the old rules, the purchase by the food company of US ingredients manufacturer CP Kelco, would have been classified […]

Dockworkers in ports along the east and Gulf Coasts of America have agreed to resume cargo movement while they continue bargaining collectively with their employers for a new contract. The International Longshoremen’s Association announced that it had reached an agreement with the union on wages. They have extended their contract to January 15, so they […]

The first phase of an ambitious project to build the largest wind farm in the world on British waters was pushed to the second half next year. Dogger Bank A was to be completed in the six-month period leading up to the end September. It will, together with two sister wind farms, have a combined […]

Oil prices reached their highest level in over a month, amid fears of retaliatory attacks by Israel on Iranian oil installations. Biden responded, “We are in the process of discussing that,” adding “I think it would be a bit… anyway.” Brent crude, an international benchmark, rose by up to 5 percent, reaching $77.54, its highest […]

Andrew Bailey said the Bank of England may become “a bit more aggressive” with its interest rate reductions if inflation continues decreasing. Analysts suggest the Bank might embark on successive rate cuts continuing through next year. The Bank of England governor’s comments pushed the pound to its lowest level against the dollar since over a […]

Former minister calls on government to investigate whether Starling Bank should “clawe back” money in light of regulatory investigation which found that the bank had left the financial system “widely open to criminals”. Lord Agnew, of Oulton, called for a review of the bank’s pandemic lending scheme of £47 billion after a City regulator fined […]

Tesco’s boss claimed that consumers were “in good shape” and began to buy more expensive products before Christmas. This led the country’s largest grocery store to raise its profit forecast. Ken Murphy was upbeat about the consumer’s morale after its premium food line saw a surge in sales on Thursday, despite reports that painted a […]

Ford has urged the new Labour government in the UK to put an end to the ambitious sales targets set for electric cars and the harsh penalties that will be imposed on manufacturers who fail to meet them. The American auto giant, which was once the dominant leader in the British motor industry but has […]

The motor industry urged the chancellor on Tuesday to reduce the VAT rate for new electric vehicles, as well as public charging stations to stop the decline in the electric vehicle sector. The Society of Motor Manufacturers and Traders, (SMMT), wrote an open letter addressed to the chancellor stating that the EV market share was […]

Banks and investment firms are increasingly worried about geopolitical risk, according to the Bank of England. This is due to the Middle East conflict. In its latest survey, the Bank polled 93 percent of firms who cited geopolitics to be the greatest threat to the UK financial system. This is an 8-point increase from its […]

AO World has acquired a gadget seller that was valued at more than £200million by public market investors. The City is continuing to suffer losses on the ill-fated floats in 2021. AO World agreed to purchase electronics company musicMagpie from its founders, Steve Oliver and Walter Gleeson in 2007. The market value of the business […]

JD Sports boss has dismissed the issues facing Nike, the company’s biggest supplier. He credited its store range for compensating weaknesses in individual brands. Regis Schultz said that the retailer is on track to reach its profit target, which ranges from £955 billion up to £1.04billion, despite slowing demand for Nike’s products, and operating in […]

OpenAI raised $6.6 billion as part of a fundraising round, which values ChatGPT at $157 billion. This shows the level of investor confidence in artificial intelligence technology. San Francisco-based company said that the investment would allow them to increase their computing power, continue developing problem-solving software, and redouble their efforts in AI research. This is […]

Sellafield must pay nearly £400,000 to settle criminal charges brought against it for years of cyber security failures at Britain’s largest and most dangerous nuclear site. According to the regulator who brought the charges, the vast nuclear waste dump Cumbria exposed information that could have threatened national security for four years. The regulator also discovered […]

Amazon will increase the number of ads on its Prime Video streaming service for its most popular television shows and films next year, as it intensifies its push to monetize its services. The company claimed that it has not seen a dramatic drop in subscribers after it added advertising on its Prime Video platform 8 […]

TotalEnergies’ chief executive said that the French oil major would reduce its investment in the UK if the government increased the windfall tax. Patrick Pouyanne says the plans of the Labour government to increase the tax rate and eliminate investment allowances, which allow companies to lower their tax bills, are even more problematic than the […]

Harold Hamm, a US shale oil magnate, has accused Biden’s administration of making the country “unusually susceptible” to an Middle East oil price spike by draining the nation’s strategic petroleum reserves, damaging the domestic production and botching foreign policy. Continental Resources’ founder said he was “very worried” about the Middle East conflict disrupting global oil […]

LVMH is set to become the top sponsor for the Formula One car racing franchise as it continues its push into the sports world. The agreement is expected to begin in 2025, and last for a period of ten years. LVMH announced this on Wednesday. According to two sources familiar with the deal, it is […]

Tesla’s quarterly deliveries of vehicles fell short of expectations and dampened hopes of a robust recovery on the backs of a rebound in Chinese auto demand. In the three-month period ending September, the company sold 462,890 cars worldwide. This is an increase of 6.4% compared to a year ago. This was the first increase this […]

After a meeting between the EU and UK in Brussels to “reset” post-Brexit relationships, the EU and UK committed to holding the first of a series annual summits in 2019. The  meeting with European Commission President Ursula von der Leyen UK Prime Minister Sir Keir starmer stated that they “agreed to do more together, especially […]

The oil price rose by 4 percent after Iran launched an attack on Israel, the latest escalation of the conflict in the Middle East. One-month contracts for crude (the international benchmark) increased by $3.10 or 4 percent to $74.95 per barrel. Iran – the regional power which supports militant group Hezbollah – launched a missile […]

The global supply chain is disrupted after dock workers on strike in ports along the east coast and Gulf Coast of America. The industrial action in 36 ports that handle half of America’s shipping by ocean has caused delays for container traffic from Maine to Texas. The strike started in the early morning hours of […]

Dobbies plans to close 17 of its 77 shops, which will affect 465 jobs. The new owners are trying to bring the garden centre group back to profitability. The company that employs 3,600 people said they were seeking approval from creditors for a reorganization plan to reduce their rent bill. Eleven large, unprofitable garden centres […]

The government is asking ministers to cut billions of pounds from infrastructure projects in the next 18-months, despite Rachel Reeves promising to invest more for the growth of the economy. Sources in the government said that members of cabinet were asked to reduce their capital expenditure plans by up to 10% as part of this […]

The Irish Finance Minister has described the €14bn windfall tax from Apple as “transformational”. This comes just weeks after the Irish government lost its case at the European Court of Justice arguing that the tech company should be allowed to keep its money. Jack Chambers, who unveiled the budget for the country on Tuesday, said […]

Stefan Lofven visited Northvolt’s base in Skelleftea, near the Arctic Circle, Europe’s first battery gigafactory, just three years ago. He declared that the city was “the future” of the fight against climate change. The Social Democrat said that the work of Northvolt was important for Sweden and for the rest of the world. Arrival of […]

Water suppliers have been accused by small businesses of burdening them with the costs of “historic mistakes” made by the bosses of the scandal-hit water industry. It was revealed that their prices may rise by nearly 30% by 2030. Ofwat has informed businesses that they expect average wholesale charges to rise by 27% over the […]

Pink Floyd, a British rock band, agreed to sell their entire catalogue of hits, including Wish you were here, Money, to Sony Music for approximately $400mn. According to two sources familiar with the deal, Pink Floyd’s recorded songs are included in the agreement. This resolves the fate for one of the most valuable assets at […]

Michel Barnier, France’s new Prime Minister, warned that the repair of the degraded country’s public finances would require years of “collective efforts” and announced “temporary targeted” tax increases on large businesses and the wealthy. Barnier, in an address to the National Assembly on Tuesday outlining his agenda for government, said that our debts were “the […]

OpenAI believes that AI-powered assistants, such as those from Google and Apple, will “hit mainstream” next year, as technology groups race to bring AI agents to consumers. AI agents that can complete complex tasks and reason for humans have emerged as the new front of the tech industry’s battle to maximize revenue from this rapidly […]

Nike announced a 10% drop in its quarterly sales on Tuesday and retracted its full-year outlook. Shares fell as the world’s biggest sportswear manufacturer navigated a turbulent period before the arrival of their new chief executive at the end of this month. Nike’s stock dropped as much as seven per cent after hours trading, after […]

SoftBank, owned by Masayoshi Son, will invest $500mn in OpenAI. The investment is part of an upcoming fundraising round which should close this week. SoftBank is investing via its second Vision Fund. This large vehicle to support start-ups now comprises mainly Son’s wealth, two people familiar with the deal said. SoftBank is joining existing investors […]

Kemi Badenoch said that UK minimum wage and maternity leave rules were among the regulations “overburdening business” and causing certain companies to close. She was trying to gain momentum during the four day beauty parade of Conservative Leadership candidates. Badenoch is a former Business Secretary who warned the country that it was being faced with […]

After being stranded in Belfast for four months, more than 100 passengers will finally depart Belfast Monday to embark on a “perpetual cruise” around the world lasting three years. The Titanic was supposed to leave the Harland and Wolff Dockyards, Belfast, the famous home of Titanic on 30 May. After years out of service the […]

Thames Water, the struggling water company, is fighting for its survival and has been told that it may not be able to raise new debts as soon as next week. According to the accounts of its holding company, the debt-ridden company faces a temporary state takeover if it fails. It has until 7th October to […]

Epic Games, a video game developer that makes Fortnite, accused Alphabet and Google, as well as Samsung – the largest Android phone maker in the world – of conspiring together to protect Google Play Store from competition. Epic filed a suit in a US federal court in California, alleging that Samsung’s mobile security feature Auto […]

Alun Davies views the steam plumes rising from Port Talbot’s last blast-furnace, which will soon be shut down. Davies, the National Officer for the Steelworkers’ Union Community and former steelworker for nine years, describes the mood in the south Wales iron town as “heartbreaking”. He says, “It is smashed into pieces.” You could be watching […]

Researchers from the Office for National Statistics reported that after gathering more detailed data about wages and business profits, the UK economy will grow three times faster than initially predicted by 2023. ONS announced on Monday that the output increased by 0.3 percent last year. This is up from an earlier estimate of 0.1 percent. […]

The City of London is preparing for a “Halloween Nightmare on Aim Street”, which could be announced at the budget meeting next month. Investors have been scared by fears that Treasury may consider cutting an “essential” tax relief which has supported the Alternative Investment Market since its launch in 1995. Quest, a brokerage firm that […]

According to a former Minister, the introduction of national insurance for employer pension contributions would be the most likely way Rachel Reeves would raise millions from the pensions industry in the budget next week . Sir Steve Webb who was responsible for pensions in the coalition government said that a tax on employer contributions would […]

Aston Martin Lagonda’s new chief executive has forced the luxury carmaker to cancel its financial plans and reduce production for the year. Shares in the company have plummeted since the arrival of the new executive. The stock fell to a new low of 127 1/2p after Adrian Hallmark, a new Aston boss who was recruited […]

Rightmove’s Australian suitor has abandoned takeover discussions after its sweetened £6.2billion offer was rejected. REA Group confirmed Monday afternoon that it had withdrawn its interest in purchasing the property search site, just hours before a deadline of “put up or shut-up”. Rightmove shares fell 51 1/4p or 7.7 percent to 617 1/2p. REA’s fourth offer […]

Mike Ashley’s Frasers Group launched a bold £83 million bid to take over Mulberry, Britain’s most recognizable luxury brand, after being blindsided with a £10million rights offer. Sports Direct’s owner, who believes it is the “best steward”, has offered 130p for each share. This represents an 11 percent premium over the Friday closing price. Frasers, […]

A report compares the UK’s growing wine industry to California in the 1970s, with production increasing by more than twofold to 12m bottles per year. Will Banham is a partner in Knight Frank’s viticulture department. He said that there has been an increase in smaller growers, driven by City workers who have taken early retirement […]

A group of prominent UK businesses has said that food companies should be required to report the amount of food they waste as a way of reducing the huge amounts of edible foods wasted in the UK. About a Steve Reed, more than 30 food companies, including supermarkets, food producers and food processors, called for […]

ShadowFall Capital and Research, a short-seller, has placed a multi-million pound bet on FTSE 100 Private Equity Group 3i, based on the belief that its star company, European Discount Retail Chain Action, was significantly overvalued. Action, a retailer of everything from massagers to crockery that sells all kinds of products, is one of the most […]

It’s not expensive clothes that you regret, but marginal purchases which seem to be a bargain and then quickly go wrong (unless you are a cabinet member using Waheed Alli’s credit card). Fund managers should therefore be cautious about spending money on what Gen Z consumers call “Shein hauls”. The Chinese fast fashion giant, valued […]

The latest financial statements of a music tycoon who is at the heart of the Oasis tickets debacle show that he paid himself a £3.7m dividend in the past year. Simon Moran’s SJM Concerts promotes concerts for some of the biggest artists in the world when they tour the UK. It worked with Coldplay and […]

The audience fell silent as the Italian with grey hair and a sharp suit entered the packed conference in London. The Bank of America CEO Conference in Marylebone was attended by hundreds of delegates who knew this tall, perma tanned banker as the main attraction. Andrea Orcel spent 25 years in London, where she advised […]

New legislation that comes into effect this week will force restaurants to decide whether they want to raise prices for food and drinks or face legal action for sharing tips and service charges with employees. The government will introduce legislation on Tuesday, more than eight years after a ban was first proposed. The government will […]

Private equity-owned drinks company Tropicana, which produces fruit juices such as Tropicana, has warned that a citrus blight has caused the destruction of crops and is likely to lead to a rise in prices for consumers. Naked Juice (which owns Tropicana) told lenders in this month it expected to make an underlying profit of $322,000,000 […]

Martyn Day stared at tanks from his window. In 2006, Leigh Day’s co-founder travelled to Ivory Coast in order to fight a lawsuit against Trafigura. Trafigura was accused of dumping toxic materials off the coast. When the Yorkshire-bred attorney checked into his Abidjan hotel, the Ivorian Civil War was raging. Tanks were literally parked outside […]

The Texan tycoon who led the bankrupt prison-builder ISG to bankruptcy has finally spoken out about the collapse of the company, with details emerging of a debt of $1 billion his firm owes Goldman Sachs. William Harrison III, former chairman of the construction firm, said that he was “devastated”, for the 2,200 workers who lost […]

After a backlash by the food and beverage industry, ministers will water down the “packaging tax” of £1 billion proposed by the previous Conservative government. From April of next year, businesses that supply packaging or handle it for consumers, as well as other companies, will be responsible for the cost of collection, recycling, and disposal. […]

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 […]