British manufacturing excellence continues to thrive in niche sectors, with discoverIE Group PLC (LSE:DSCV) emerging as a notable example. This international designer and manufacturer of customized electronic components has consistently outperformed GDP growth across various economic cycles, driven by its strategic expansion and focus on improving operating margins. Under the leadership of Chief Executive Nick […]

After receiving a £191-million takeover bid from a member of Alliance’s controlling family, the owner of Simply Be & Jacamo joins the list of UK struggling stocks that have been delisted from London’s Aim junior market. The shares of N Brown jumped more than 43% on news that Joshua Alliance would pay 40p for each […]

Rentokil Initial (FTSE 100), the pest control company, has reported slightly better-than-expected performance in the US, as it continues to integrate Terminix, its North American business acquired in a £4.5 billion deal two years ago. Rentokil shares, which are valued at £9.3billion on the London Stock Exchange and were warned of tough times in the […]

Deliveroo’s platform saw a 6 percent increase in transactions to £1.8 billion and a 2 percent rise in total orders during the third quarter. The UK and Ireland customers increased their spending on the app 7 percent, but international transactions decreased slightly. The temporary disruption that occurred during the Paris Olympics in the summer was […]

Nestle counts the costs of pushing the prices of its bestselling brands out of reach of increasingly squeezed consumers. KitKat and Nescafe are among the 31 “mega brands” of the world’s biggest foodmaker. Purina, the pet food brand, is also included. The company cut its guidance on Thursday, after the underlying sales rose by a […]

The European Central Bank has reduced its interest rates for the first time in over a decade. It has lowered its key rate 25 basis points to help support a weakening eurozone economy. The bank has lowered its main deposit rate from 3.5 to 3.25 percent, the third reduction this year. This is a result […]

Netflix surpassed Wall Street’s estimates of 5.1 million new subscribers by over 1 million, sending shares soaring. Investors expected Netflix to sign up four million new subscribers during the three-month period ending in September. The new programming included the murder mystery The Perfect Couple, Kaos which is a modern interpretation of Greek mythology and the […]

Meta Platforms has fired staff after they allegedly used their meal vouchers worth $25 to buy household items, such as wine glasses and detergent. Executives at the social media firm found it too much to spend credits meant for food for household items and share them with others. They fired 24 employees in Los Angeles […]

Blackstone, world’s biggest private capital firm is planning to list its largest investments, a move that could reignite IPO markets. Jonathan Gray, the president of New York’s listed investment giant, spoke today to Wall Street to give an update on its third quarter trading. He said that he expects IPOs to pick up in 2011 […]

Premier Inn’s owner has promised to make a “step-change” in the financial performance of its hotel. It announced plans to return over £2 billion (£1.65 billion) to its shareholders within five years, and to increase profits by £300 million. Whitbread, the company that owns the Beefeater hotel chain, as well as the Brewers Fayre, Table […]

The City regulator has begun a review of the lending schemes that millions of people use to pay their motor and home insurance in installments. The Financial Conduct Authority announced on Wednesday that they would be scrutinising the premium finance industry because of their concern that consumers were being taken advantage of. The Financial Conduct […]

The iron ore exports of the second-largest miner in the world have remained steady, despite the “uneven” recovery of the Chinese economy. China’s property sector remains in a slump. Rio Tinto, the world’s largest producer of industrial metals used in steelmaking said that the demand for the metal would be driven more by the manufacturing […]

Ryanair may be forced to carry fewer passengers next year than originally planned due to delays in Boeing’s delivery of new aircraft. Michael O’Leary is the chief executive officer of Ryanair. The low-cost carrier, which is Boeing’s biggest customer in Europe and due to receive 30 Boeing 737 airplanes between March and June, next year, […]

Investors have taken a bite from the share price of Just Eat Takeaway after the group’s third-quarter performance fell short of expectations due to a larger-than-expected drop in orders in North America. The shares of the Amsterdam-based food delivery company fell by 90p or 8.7 percent to 944p. It said it had received 211.1 million […]

Airbnb wants to convince millions homeowners to join its travel platform. To do this, it will launch an army of “co-hosts”, local people who can help manage the properties. The San Francisco company announced that it will match people with little time available to become Airbnb hosts with existing hosts who are experienced and can […]

The Bank of England has predicted that the base rate will be further reduced this year due to a larger-than expected fall in consumer price inflation. This is good news for homeowners. CPI dropped from 2.2% in the previous year up to August, to 1.7% in September. Analysts in the City had predicted that CPI […]

A report from a group of academics and public health organizations claims that the sponsorship of Formula 1 by the tobacco industry could “drive addiction” to nicotine and cigarettes among a younger generation of fans. According to the report of Stop (Stopping Tobacco Organisations and Products), F1’s efforts to appeal to a younger audience globally […]

Morgan Stanley beat profit expectations on an impressive third quarter in investment banking, which also boosted rivals and sent its stock to record levels. The American bank announced that its profit increased 32 percent to $3.2 billion during the third quarter. It is the latest Wall Street institution to exceed analysts’ expectations. Morgan Stanley’s shares […]

Tate & Lyle may become the latest London-listed company to leave the market, after being identified as a potential target by the US private equity firm Advent International. Advent is preparing a bid to acquire the FTSE 250 Company, reports news. Its shares rose by 62p or 8.3 percent to close at $807p. Tate & […]

Stellantis, parent company of Vauxhall has revealed the crisis as it revealed a 20 percent drop in deliveries compared to a year earlier. Stellantis brand shipments in the world fell by 279,000 units to 1.14mn in the three-month period ending September 2023, compared to the same period of 2023. In North America, shipments plunged by […]

Rachel Reeves’ budget will increase the capital gains tax rate on the sale and transfer of shares, other assets and property but not for second homes. The capital gains tax on the profits of selling shares, currently charged at a rate of 20%, will likely increase by “several percent points”. Ministers have talked about going […]

Accounts show that the rolling stock company Porterbrook distributed £80m to its overseas shareholders, mainly, last year. This has fueled calls for Britain to nationalise its trains. In 2023, the firm’s train-leasing arm generated profits of £144m. At that time, strikes were still taking place over pay freezes and many passengers were facing cancellations and […]

The global oil price has fallen by nearly $3.50 per barrel as concerns over a slowdown of China continue and fears about an attack on Iran’s nuclear facilities by Israel have eased. Benjamin Netanyahu, the Israeli Prime Minister, has assured the White House, according to reports, that the retaliation Israel will take against Iran in […]

De La Rue’s shares, the embattled printer of banknotes, soared after it reached a deal conditional to sell its division of authentication for £300million. The proceeds from the sale will be used to reduce group debts and fund the deficit-plagued pension scheme of the company. De La Rue revealed that an earlier version had raised […]

The board of TI Fluid Systems will recommend to shareholders that they accept a Canadian competitor’s fifth offer to buy the company. ABC Technologies, backed by Apollo Global Management and valuing the company at 200p per share, made an offer that the board “would recommend” to its shareholders. The London-listed firm’s shares rose by 19.45 […]

Boots, the parent company of Boots high-street pharmacy, will close 1,200 stores in America in the next three year as it struggles with a decline in consumer spending rates and low reimbursement rates for drugs. Walgreens Boots Alliance, which operates over 8,700 Boots stores in the US as well as 2,000 Boots pharmacies across the […]

After massive share buybacks and dividends were paid, a reclusive Cayman Islands businessman has made an estimated £3.8billion from his shares in British American Tobacco and Imperial Brands. Kenneth Dart is the scion of Dart Container, a family-owned business in the US that produces foam cups. He has benefited from a recovery of the FTSE […]

Bellway is confident of building more homes than expected in the coming year, thanks to the improvement in the housing markets over the summer. The housebuilder said that in the last few months, more people had put down deposits on its homes, which enabled it to increase build volumes by “materially” this year. Jason Honeyman, […]

BMW has asked the European Commission reconsider its plan to ban all new petrol and diesel engines by 2035. Oliver Zipse said that the European Union’s ban on the sale of zero-emission cars was a response to the “trend towards pessimism” among automakers and consumers. Zipse stated: “An adjustment of the 100% battery-electric vehicle target […]

BrewDog founder has criticized the government for plans to increase capital gains tax in advance of a much-anticipated stock market listing of the brewery that could result in a large payout. In an email to Sir Keir and Rachel Reeves, on LinkedIn the business-focused platform of social media, James Watt 42, former chief executive at […]

Goldman Sachs profit increased by 45 percent to $3 billion, the best quarter in equities since 2021. This is a sign of optimism for the strength and stability of the American economy. The US investment bank was able to beat analysts’ expectations thanks to a resurgence of investment banking activity in the third quarter and […]

Boeing is planning to raise as much as $25 billion through the sale of bonds and shares. The aircraft manufacturer, which faces a cash crisis due to a strike that continues and production delays, has been struggling to meet its obligations. The company has filed an application with the US regulator of markets that will […]

Accounts show that the rolling stock company Porterbrook distributed £80m to its overseas shareholders, primarily, last year. This has fueled calls for Britain to nationalise trains. In 2023, the firm’s train-leasing arm generated profits of £144m. At that time, strikes were still taking place over pay freezes and many passengers faced cancellations and fares rising […]

Owners of Vauxhall Citroen Peugeot have said that a decision on the future of their UK plants will be taken “in the coming weeks” amid a dispute over government electric car quotas. Carlos Tavares has announced that Stellantis is close to making a decision about the future of Ellesmere and Luton. Tavares stated that Stellantis […]

The value of the British gambling sector has dropped dramatically, reducing it by more than £2bn. This is after the Guardian reported Treasury officials may be able to collect between £900m (£900m) and £3bn (£3bn) in additional taxes. Rachel Reeves is under pressure to increase taxes on the industry from two influential think tanks, while […]

A cabinet minister said that Elon Musk could be invited to future UK investment summits, provided he has investment programs the UK can bid for. This was before a major London business event. The remarks were made as a group private equity firms and insurers joined five major banks to write a letter saying that […]

Mulberry has seen tensions escalate as the two largest shareholders of the British luxury brand clash over its future ownership. The board of Mulberry said Monday it would be open to an improved bid from Frasers despite Challice’s attempts over the weekend. The shares of the luxury goods retailer rose by 13p or 11.5 percent […]

After a report that Treasury was considering a £3billion tax raid on this sector, the biggest bookmakers in Britain saw their market values plummet by billions. Entain (formerly 888.com), Flutter, Evoke, Playtech, and Rank Group all saw their share prices plummet as the trading began on Monday. This initially erased more than £3.5billion from their […]

The owner of The New York Sun is in exclusive negotiations to purchase The Daily Telegraph and The Sunday Telegraph. He wants to finalise the financing of a bid worth more than £500million. Dovid Efune secured exclusive six-week talks to purchase the Barclay publications. Lloyds Bank had seized the Barclays’ publications in a dispute over […]

The Strait of Gibraltar has seen more than half of the Russian crude oil transported by dangerous “shadow fleets” of vessels pass through this year. This raises concerns about an environmental disaster. According to a report by the Kyiv Institute of Economics, between January and June of this year, 56 million barrels (51,3 per cent) […]

In the coming months, the appetite of investors for London office space will be more apparent. A number of large blocks in the capital have recently been listed for sale. Over the last couple of years, deals have been scarce as rising interest rates and uncertainty over working from home has pushed many would-be buyers […]

Their bosses said that the top five British banks could help the government achieve growth and prosperity if they were shielded from additional regulations. HSBC, Lloyds, Santander, NatWest, Barclays and NatWest leaders called today for more “stability” and “predictability” in the regulatory framework for the banking sector. They said that this would provide the “certainty […]

Top economic adviser of Donald Trump dismissed fears that the former President would weaken or cut trade, if reelected. He insists he wants to keep the US as the world’s currency reserve and uses tariffs to negotiate. Scott Bessent is a 62 year old hedge fund manager, who has made a fortune betting on the […]

The European automakers plan to launch dozens of electric models at affordable prices next year, as they prepare for a “EV Winter” fueled by the tougher EU carbon emissions targets and fierce competition coming from China. The big European automakers, who have been also squeezed by the falling demand, focus on recovering market share through […]

Clare Barclay is the new chief executive at Microsoft UK. She will oversee the British Government’s Industrial Strategy. Barclay is to chair the Industrial Strategy Advisory Council. This council will advise the government, in partnership with business, unions, and other stakeholders. She said, “While we embrace today’s industries, we also need a plan for the […]

The business secretary said that P&O Ferries was not a “rogue” operator. This came as the government tried to put an end to the damaging controversy which has been raging in the lead-up to the international investment summit scheduled for Monday. Jonathan Reynolds said to the BBC that he didn’t consider the company “rogue” despite […]

The Home Office has been accused by migrants living in an encampment of caravans raided and seized by immigration officers of targeting victims of labour exploitation, rather than the companies that profit from the hidden economic. In August , The Observer revealed that around 30 Brazilian delivery drivers working for companies like Deliveroo or Uber […]

The Mulberry owner has refused to sell its shares after Mike Ashley’s Frasers Group increased their bid of £111m. Challice is a group controlled and owned by Singaporean entrepreneur Christina Ong with her husband Ong Beng Seng. They own 56% of Mulberry, giving them the right to block any bid. Frasers was asked to abandon […]

Navantia, a Spanish shipbuilding company, is currently in exclusive talks to purchase Harland & Wolff. This shipyard in Belfast, which built the Titanic ship, could save up to 1,000 jobs. The group is believed to be able to take over the four yards of the group – Belfast, Appledore in Devon, Arnish, Isle of Lewis, […]

London City Airport owners have invested £130 million in new equity to gain a reprieve for lenders amid a long-term slump in business travel. In April, a trio of Canadian pension funds – AIMCo and OMERS, as well as Ontario Teachers’ Pension Plan and Wren House, Kuwait’s Infrastructure arm – pumped in new capital to […]

PwC paid British American Tobacco £132 million for its involvement in a “deeply faulty” audit of an affiliate of the tobacco giant, accused of dumping toxic chemical into two US rivers. The UK manufacturer of Lucky Strike, Dunhill and other cigarettes sought more than £600m in damages for a “negligent audit” of Windward Prospects, an […]

A firm that calls itself a “group of financial detectives” has accused Smith & Nephew of using “aggressive accounting techniques” to boost its profit margins. Dragoneye, a London-based independent research firm for short-sellers, has questioned whether Smith & Nephew deferred costs in an inappropriate manner and failed to properly account for stock write-offs. Dragoneye calculated […]

Selfridges property portfolio’s value was reduced by over half a billion pounds in the last year. This highlights the challenges that the department store group faces as it changes ownership for the second time within three years. Selfridges property holding company accounts reveal that appraisers have marked down £3.1 billion in property assets, including its […]

The Australian infrastructure company blamed for the Thames Water crisis is planning £20 Billion of new investment in the UK, as the Labour government attempts to attract international investors to fuel economic growth. Macquarie will invest the money over the next five-year period in the UK’s waste, water, energy and transport sectors as well as […]

Before the start of important business talks in London, the biggest banks and corporations around the world said that Britain was ready for investment. It also has “a very real opportunity” to expand its economy. Five of the largest banks in the world, along with private equity firms and insurers, sent a letter saying that […]

In an effort to reduce its growing deficit, the French government proposed a budget that would cut spending by €60bn and increase taxes on wealthy companies. Prime Minister Michel Barnier made tackling France’s ‘colossal’ public debt his top priority, despite political risks such measures pose to his fragile minority government. Barnier stated on Thursday that […]

AMD’s CEO believes that the chipmaker has closed the performance gap between Nvidia and its market-leading artificial Intelligence processors. The company unveiled new products aimed at a market valued at hundreds of billions. The Silicon Valley-based company announced on Thursday that its MI325X chips will be available to customers by the end of the year. […]

Portugal plans to become a tax-free haven for young people by offering them a decade’s worth of tax breaks. This is to stop a brain drain. The centre-right government of the country wants to reduce income tax burdens on young people over a period of 10 years, including a year when no tax will be […]

Moody’s reported on Thursday that private equity groups such as Platinum Equity, Clearlake Capital, and Apollo Global struggle with their heavy debt loads. In a recent analysis, the agency noted that the recent rise in interest rates has put some of the fastest-growing PE firms in the US under pressure. The report said that more […]

The country’s top infrastructure advisor has stated that Britain needs to prepare for road price in order to cover a £35bn tax revenue shortfall from the switch to electric vehicles. Sir John Armitt (chairman of the National Infrastructure Commission, NIC) said that it was time to have a “proper debate in the public” on the […]

After heavy rains last winter, England’s second-worst harvest in history has been recorded. There are growing concerns for next year after the production of key crops such as wheat and oats was affected. The UK’s rapidly growing wine industry has been hit particularly hard by the cold and damp weather that lasted from last fall […]

EDF, the French energy company, is reported to be in talks with investors about raising up to £4bn for the Hinkley Point C project that has been delayed in Somerset. This is Britain’s first nuclear reactor in a decade. The French-owned utilities company has sought investors to cover the soaring cost of building the nuclear […]

On Thursday, rescue operations began in Florida as officials assessed the damage caused by Hurricane Milton. The storm had crossed the state over night and left millions of people without electricity. Florida Governor Ron DeSantis said on Thursday that state search and recovery teams had rescued 340 people out of torrential flooding and from destroyed […]

The UK’s financial watchdog has fined TSB Bank £10.9m after finding that its “woreful” system put customers at risk. The Financial Conduct Authority (FCA), after finding that TSB had not treated customers with arrears in a fair manner, fined the bank. Watchdog warned that TSB’s failures could lead to customers with financial difficulties being charged […]

TGI Fridays, the restaurant group, has finally agreed to pay its workers what they are due after being laid off. This week, more than 1,000 employees lost their jobs when 35 TGI branches were closed after a failed private equity-led rescue. The video call was made by the head office to inform workers of their […]

Mark Carney, former governor of Bank of England has given his support to Labour’s proposal that the national debt be recalculated by including assets. He argues that this will stimulate an economy “starved of investment”. Carney, in his most public support yet of Rachel Reeves’s potential plans to target an increase in “public sector net […]

The Financial Times reported a record number of paying readers at 1.4 million, although profits dropped sharply because of higher costs. Business publication reported that the pre-tax profit for the year ended December 2012 was £3.9m, compared to £6.8m the previous year. The revenue rose by 5 percent to £443.9million, while digital content revenues increased […]

Google’s UK and Europe boss is retiring after nearly two decades in which he guided the internet giant to a $2 trillion market valuation. Matt Brittin will depart in the New Year as the industry shifts focus to artificial-intelligence and adapts to new regulations around the world. Before taking a break, he will stay with […]

Unilever sold its Russian subsidiary for €520m to a local group after being criticized for continuing operations in the country following its invasion of Ukraine. Unilever, the London-listed consumer company, has been called a “sponsor” of war for not leaving Russia earlier. It said that it had reached a deal to sell Unilever Rus. Arnest […]

HSBC will make a second effort to combine its Commercial Banking Division with its Global Banking and Markets Unit in a shakeup that could result in hundreds of job cuts among long-serving senior employees. The bank declined to comment on an article that claimed it was hoping to save up to $300 million by merging […]

Brookfield, a major investment group in the world, has outbid a competitor and agreed to a deal worth £557million for Tritax EuroBox. Segro, Europe’s largest shed owner , had made an offer of 68.4p per EuroBox share, but this bid is 69p. Segro had offered £552million at the time. However, its share price fell since […]

Last month, the consumer prices in America declined more slowly than anticipated as rising food and housing costs drove inflation. According to the Bureau of Labor Statistics, the consumer price index (CPI), rose by 0.2 percent in September. The consumer price index (CPI) rose by 0.2 per cent to end-September compared to 2.5 per cent […]

The NHS plans to use private hospitals to address a growing crisis as part of a £1 billion initiative to reduce waiting lists. This marks the largest expansion in healthcare since Tony Blair’s time as Prime Minister. Cancer screenings, surgeries, and intensive care for NHS patients would increasingly occur in private facilities under proposals sent […]

Laws to prevent a repeat of the P&O Ferries mass sackings scandal will be presented to parliament this week as Labour focuses on improving working conditions at sea, including for cruise and cargo ships. Transport Secretary Louise Haigh stated that the new laws will close loopholes used by P&O when it fired 800 crew members […]

Boeing has pulled its 30 percent pay offer to striking factory workers as negotiations to end the costly strike have collapsed. S&P Global Ratings has warned it may downgrade Boeing’s investment-grade credit rating to junk status, which would raise borrowing costs at a time when the company is trying to save cash. The strike, the […]

Pockit, a business that provides financial services to the “unbanked”, acquired Monese from HSBC, resulting in a combined company serving three million clients.  Monese, supported by UK taxpayers through the Future Fund scheme, was previously valued at £1 billion but was seeking funds to ensure its survival. Terms of the deal have not been disclosed. […]

Rio Tinto struck a $6.7billion deal to acquire a lithium miner, making it the third largest producer in the world of this key ingredient for electric vehicle batteries. The London-listed company is paying $5.85 per share in cash. This represents a 90% premium over Arcadium Lithium’s closing price on October 4, which was $3.08, before […]

Mondi, a FTSE 100 packaging company that failed in its bid to acquire UK rival DS Smith has acquired a German competitor. It has acquired western European assets from Schumacher Packaging. This family-run company is based in Germany’s Saxony heartlands. Mondi said that the deal, worth €634m, is complementary to its existing European assets. The […]

Chinese stocks fell the most in a single day since the pandemic, amid fears the government’s measures to revive the second largest economy of the world will fail. The Shanghai Composite Index, China’s benchmark index, dropped 6.6% on Wednesday. Meanwhile the blue-chip CSI 300 index fell 7.1%. This is the largest percentage drop in a […]

The US government may ask a judge for an order to dissolve Alphabet, Google’s parent company. The US Department of Justice has listed this as one of the remedies after a judge ruled in August that Google built an illegal monopoly. In a 32-page filing, the potential remedies have been laid out for the judge’s […]

GSK, the second largest pharmaceutical company in Britain, has agreed to pay up to $2.2billion to settle 80,000 US court cases involving its blockbuster drug Zantac. GSK announced after the London stock exchange closed that it had reached a settlement with ten companies representing 93 percent of all Zantac cases brought against the FTSE 100 […]

OpenAI has adopted a corporate structure that is still largely untested to protect itself from hostile takeovers, and chief executive Sam Altman against outside interference. The AI start-up that received $6.6bn of new funding last week plans to restructure into a public benefit company, a rare and new type of business model adopted by AI […]

As part of a G7 initiative to fund Kyiv’s defense against Russian aggression, EU countries approved a loan to Ukraine of up to €35bn  before the year ends. According to sources familiar with the issue, a majority of EU Ambassadors backed the issuance on Wednesday of a loan that would be guaranteed by the EU’s […]

On Wednesday evening, Hurricane Milton hit Florida’s heavily populated west coast. The storm brought life-threatening floods and extreme winds for the second time within two weeks. US National Hurricane Center reported that the cyclone, which was a category 3 storm on the Saffir-Simpson five-step scale with winds of 120mph made landfall in Sarasota County near […]

Rachel Reeves ruled out an exit tax for wealthy people who leave the UK in order to avoid higher taxes, in this month’s Budget. Meanwhile, business is bracing itself for a hike in the capital gains tax. In recent days, the chancellor was urged to introduce a new tax on those who sell their assets […]

Imperial Brands will increase shareholder returns to £2.8 billion next year after continuing to generate huge amounts of cash through price increases. The FTSE 100 company that makes JPS and L&B cigarettes reported trading in line with expectations. The Bristol-based company said that it achieved revenue growth for its tobacco business and its smaller ecigarettes […]

Only two companies listed on the London Stock Exchange in the third quarter. The total raised was £64.8m, an 82 percent drop from the same time last year. EY, an accountancy firm, reports that there were only ten listings this year. They raised a total of £584.6million, a 47 per cent drop from the previous […]

Senior, a UK engineering company, will be forced to lay off staff due to the crisis at Boeing and the delays in returning to full production by Airbus. Senior, a FTSE 250 company, pays the price of being a major supplier to two troubled aircraft manufacturers. Senior shares fell more than 12 percent on Tuesday, […]

Shein, a Chinese-founded fast-fashion online retailer, doubled its profit in Britain, and overtook Boohoo, before a planned blockbuster London float. According to new accounts filed at Companies House, Shein UK’s pre-tax profit rose from £12.2 to £24.4 in the year ending December. It paid £5.7 in income tax. Singapore-based retailer, who is looking at a […]

Diversified Energy, which joined London’s junior oil and gas market seven years earlier, positioned itself as an unusual and unique prospect among the other oil-and-gas minnows. The American producer promised to give investors a bumper cash return, backed up by a constant stream of cash generated from the gas wells that were not loved by […]

After acquiring a $1bn stake in Anglo American rival BHP, activist hedge fund Elliott described its long-term view on the British mining conglomerate as “very interesting” and “very intact”. Nabeel Bhanji, an equity partner at Elliot, said that the US hedge funds was having a “very positive [and] constructive” dialogue with Anglo management. Bhanji said […]

Investors who manage £1.7tn in assets have called on UK chancellor Rachel Reeves, to overhaul Britain’s fiscal regulations to unlock billions more pounds for infrastructure projects. The group of Pension Investors, including Australia’s IFM as well as the UK’s Universities Superannuation Scheme, called on Reeves’ to redefine the key measure of debt in her Budget […]

Asian battery manufacturers are racing to create new “superfast charging cells” for electric vehicles. These will allow refuelling cars as quickly as they can fill up with petrol or diesel. China’s CATL, and Gotion High Tech are launching this year batteries that can charge from 10% to 80% in less than 10 minutes. It is […]

Abu Dhabi’s sovereign fund has written-off its investment in Thames Water, a blow for the Labour government who is preparing to host a summit to attract large institutional investors to the UK. Accounts filed in June by a Luxembourg-registered subsidiary of the Abu Dhabi Investment Authority (Adia), which holds a 9.9 per cent stake in […]

Seb Kinsey, 18, grew up in Glossop near the Peak District, Derbyshire. Growing up there gave him a love for geography, geology, and the outdoors. Kinsey, who finished his A-levels in summer and is heading to university this fall, wanted to spend a gap year working on the FrenchAlps. He said, “I was fortunate to […]

After a failed rescue by private equity of the struggling British restaurant group, TGI Fridays has lost more than 1,000 jobs and closed 35 branches. D&D London, the owners of top City restaurants such as Coq D’Argent, Le Pont De La Tour and Coq D’Argent, is buying 51 TGI Fridays restaurants from administration, saving approximately […]

The right to appeal has been won by a Vietnamese airline facing a bill of up $250 million for compensation in a High Court case over aircraft leases between a London investment firm and a Vietnamese airline. Vietjet is a private airline that aims to fly from Vietnam to London. FitzWalter Capital Limited, a private […]

The largest pharmaceutical company in Britain has signed a license agreement with a Chinese firm that could be worth up to $ 2 billion. This is to develop a drug for treating high cholesterol and cardiovascular disease. AstraZeneca entered into an exclusive agreement with CSPC Pharmaceutical Group headquartered in Hebei in north China to advance […]

Very Group’s ownership by the Barclay family is being reviewed as their corporate empire continues its decline following a £1.2billion debt deal with a Joint Venture backed by funds from the United Arab Emirates. Barclays JP Morgan, Morgan Stanley and Morgan Stanley are evaluating options for the future of Very Group, including a potential sale […]

Richemont struck a deal with its German competitor Mytheresa to sell Yoox Net-a-Porter to them after an earlier sale agreement failed. The Swiss luxury conglomerate that owns Cartier, as well as other high-end fashion and jewellery brands, was looking to sell YNAP, after a previous attempt to sell it to Farfetch in December of last […]