In its first trading update since the merger, Barratt Redrow is beginning to experience “more stable markets conditions”. Barratt acquired its smaller rival Redrow as part of a merger worth £2.5 billion announced in February. The deal was approved by the competition authorities early in October. In 2025, the deal will create a new developer […]

Rachel Reeves, in her next budget, will promise to reverse massive cuts in public investments after she confirmed rules that limit her spending power would be overhauled so the government could release up to £50bn in infrastructure spending. The chancellor announced that she would review how the Treasury calculates shortfalls within the government budget for […]

The government has announced that disposable vapes are to be banned in England by the summer of next year. In June 2025, it will become illegal to sell vapes for single use. This is to prevent environmental damage as well as their widespread usage by children. The Department for Environment, Food and Rural Affairs announced […]

Intel, the US chipmaker, has won an ongoing battle against a fine of over €1bn levied by the European Commission due to its alleged abuse of market dominance when selling computer chips. The European Court of Justice issued a final decision on Thursday that upheld a previous judgment which had annulled the €1.06bn fine (£880m). […]

John Lewis declared that the “buzz” was back as it announced an upgrade of its Oxford Street shop, which included a Jamie Oliver cooking school and a revamped beauty section. The London store will offer more than 40 cooking classes, led by the team of the celebrity chef. The cooking school will open in March […]

Unilever’s third-quarter sales increased more than expected, as its ice-cream business grew ahead of the spin-off next year. FTSE 100, which includes brands such as Marmite and Dove soap, reported a underlying growth in sales of 4.5 percent during the third-quarter, marking its largest quarterly increase in sales for three and a quarter years. The […]

Barclays’ British High Street business performed better than expected, and its investment bank has resumed deal-making. This led to a larger than forecast increase in the lender’s quarterly profit. The FTSE 100 results on Thursday were a positive for CS Venkatakrishnan (also known as Venkat), the Barclays CEO who, in February, unveiled a 3-year turnaround […]

Anglo American could be pushed to further reduce its diamond production this year by a fall in luxury consumer spending, which would complicate plans for the sale or stock exchange flotation of trophy business. Anglo American stated that the recovery of diamond markets was expected to take “prolonged”, as the depressed demand in China and […]

Many City analysts saw Murray Auchincloss, the Canadian executive who was confirmed as BP’s permanent boss by the company in January, as the continuity candidate that would help stabilize the ship following the abrupt departure Bernard Looney. The company has been plagued by the perception of being in a strategic fog for ten months now, […]

The head of Abrdn warned that British pension funds should not be “forced” into purchasing UK assets by the government. Jason Windsor argued that proposals to require retirement funds to invest minimum amounts in the UK were a bad idea. He believes it would be better to introduce reforms that make the UK more appealing […]

Mike Ashley, the retail tycoon, has made a bold bid to become CEO of Boohoo. He is pushing for a merger between Asos and the struggling fast fashion retailer. Ashley’s Frasers Group’s proposal would reshape online fashion retail, consolidating two of UK’s largest digital players and expanding Ashley’s influence over the industry. It is believed […]

IMF warns that the gap between the US and European gross domestic products will widen by the end decade. It also sounded the alarm over the “lack” of business dynamism on the continent. In , the IMF’s latest Economic Outlook for Europe, it said that the IMF predicted that the IMF would lower the annual […]

According to a major survey, partners at large US law firms earn more than ever. The average compensation is $1.4mn. Major, Lindsey & Africa, a recruitment specialist, surveyed 200 of the top lawyers in the country and found that the partner pay has risen 26 percent over the last two years, surpassing the basic pay […]

Tesla shares posted their largest one-day increase since 2013, after the world’s biggest electric vehicle manufacturer reported a higher than expected quarter profit. The company also forecasted “slight growth in deliveries” this year, and a large jump in 2025. This performance is a significant turnaround for Tesla which had suffered a number of disappointing quarters […]

As part of its strategy for breaking Chinese dominance of the supply chains of essential minerals, the US approved construction of an enormous new lithium mine in Nevada. It also extended tax breaks to certain miners. Ioneer, an Australian company, announced on Thursday that it received a federal license for its Rhyolite Ridge Lithium-Boron mine. […]

Rachel Reeves confirmed that she would change the UK fiscal rules in next week’s Budget. She wants to borrow more money and fund an extra £20bn of investment each year. The UK chancellor stated that her “investment rules” will ensure Britain avoids “the drops in public sector investments planned under the previous government”. According to […]

The government is planning to give independent regulators the power to stop Premier League teams from selling their stadiums. The Premier League tried to close a loophole in June that allows clubs to use profits from property sales to avoid the profitability and sustainability rule charges. However, the league failed to gain the support of […]

Mike Ashley’s Frasers Group criticised Mulberry’s management after it withdrew from its attempt to acquire the luxury handbag manufacturer following a number of rejected bids. Frasers, Mulberry’s 2nd largest shareholder, with 37% of the company, made several bids for the brand. The latest was a £111m offer this week . All offers were rejected . […]

Tony Blair’s think-tank says that a pay-per mile road pricing system should be introduced now. It is also urging the chancellor, to overhaul motoring tax. Rachel Reeves will likely confirm that the temporary cut of 5p in fuel duty is over and may announce a rise to the tax on petrol and diesel paid at […]

Rachel Reeves, at the International Monetary Fund will announce a plan for changing Britain’s debt regulations that will allow the government to spend an additional £50bn on infrastructure projects. After weeks’ worth of speculation the chancellor confirmed at the Fund’s annual meetings on Thursday in Washington that the budget next week will include a method […]

Apple has introduced a new feature in Australia which will allow children who receive nude images or videos to report them directly to their company. The company can then report these messages to the police. This change is part of Apple’s new beta release for Australian users on Thursday. The extension is a continuation of […]

The UK’s largest mortgage lender, which is also the country’s largest bank by assets, has raised its expectations for house prices to rise this year. It has also posted a better-than-expected quarterly profit as customers are more confident. Lloyds Banking Group (which accounts for over a fifth in the mortgage market) said that it now […]

Reckitt Benckiser’s chief executive has said that the FTSE100 consumer goods group would be open to settling US safety lawsuits filed against its premature baby formula in order to smooth a potential sale of its nutrition division. In March, shares in Reckitt fell on fears of large potential liabilities from hundreds cases. A state court […]

Gatemore Capital Management, an activist investor, has called on Watches of Switzerland (formerly Watches of Switzerland) to move to New York and join the exodus of London listed companies. Gatemore, the company that holds 1.9 million shares or 0.8% of the luxury retailer’s stock, has urged the bosses of the company to take action to […]

Deloitte UK has laid off 250 employees, the third time in 13 months that the Big Four have made redundancies. This move is believed to be aimed at employees in the advisory division of Deloitte who are underperforming. Sources said that the reductions were part of “performance management”, and those affected “received adequate payments for […]

Heathrow is predicting a “probable return” to dividends following four years of dry spells. A summer of music, sport and entertainment helped lift passenger numbers to record highs. In the nine months leading up to September 30, Europe’s busiest international airport saw 63.1 million passengers pass through its doors, an increase of 6.2% over the […]

Boeing announced a $6bn loss for the quarter and warned that it would continue bleeding cash. The new CEO Kelly Ortberg said the plane maker had to overhaul its culture in order to end the multi-year crisis which has shaken customers’ and investors’ confidence. The plane manufacturer burned $2bn of cash in the third-quarter, bringing […]

Goldman Sachs, Apple and the US Consumer Finance Watchdog have been fined more than $89mn for “illegally sidestepping” their obligations towards customers of their joint credit card business. The fines announced Wednesday highlight the difficulties Apple has had when it comes to expanding their financial products to everyday consumers. Goldman’s business was a major departure […]

The Bank of England Governor said that the UK must continue to experience a decline in the price of services from its current level. Andrew Bailey, speaking after the BoE’s target of 2 percent for consumer price growth was missed, falling to just 1.7 percent in September, said that he saw a “good thing” about […]

Tesla shares soared Wednesday after the company reported a higher-than-expected quarterly profit. The company also forecasted “slight” growth in deliveries in 2019 and a large jump in 2025. This performance is a significant turnaround for Tesla which had suffered a number of disappointing quarters due to concerns about a slowing demand for EVs. Elon Musk’s […]

Starbucks suspended its financial guidance after it released unexpected results showing a drop in revenue and sharp decline in quarterly earnings. The preliminary results were published more than one week before schedule. They are the first to be released under the new CEO Brian Niccol who took over the world’s biggest coffee chain just last […]

Plans for a total overhaul of the system could prevent water companies in England from making profits. A new commission, set up by the Department for Environment, Food and Rural Affairs, is considering the idea in response to public outrage over how firms prioritize profit over the environment. According to sources at the Department, they […]

The International Monetary Fund warned that the tariffs proposed by Donald Trump, the US presidential candidate, could harm global growth and upgraded its forecasts for the UK’s economy. The Washington-based organization said that tariffs can trigger tit for tat trade wars, which impoverish economies in dispute as well as the global economy. The report said […]

The FTSE-100 hotel group that owns the Holiday Inn, Crowne Plaza and other chains was impacted by a weakening of demand in China. InterContinental Hotels Group said global revenue per room available, or Revpar, the key industry measure, rose by 1.5 percent in the three-month period ending in September. This was lower than consensus estimates […]

Hunting has had to reduce its profit forecast for this year due to falling oil and gas prices, and a slowdown on the US Onshore Market. The FTSE 250 company that provides oil and gas services said it expects its adjusted earnings to be between $123 and $126 millions, compared with the previous guidance of […]

HSBC bankers are bracing for job loss after the new boss announced the largest overhaul in decades. The lender’s operations will be divided between East and the West to reduce costs due to mounting geopolitical tensions. Georges Elhedery took over the Asia-focused bank group in September. He said that his internal restructuring will result in […]

Halfords Group warns that consumers are delaying purchases of expensive items due to the uncertainty surrounding the economy, and the upcoming tax changes in next week’s budget. Like-for-like, the retailer and repair shop that sells bicycles and leisure equipment, as well as car parts, reported a 0.1 percent decline in sales for the 26-week period […]

General Motors’ shares have soared after the automaker raised its profit forecast for the full year. This is due to the strong demand for SUVs and trucks. Due to rising prices and consumer spending, the largest American carmaker by sales now expects a pre-tax profit of between $14 billion and $16 billion, up from midyear’s […]

I bought a Tesla Model 3 in June for £42,791. The advert stated that the car had a 318-mile range, but when I charged the battery fully the car’s display said only 248 miles. Tesla was able to find out the reason why the advertised range of the car did not match the actual range. […]

The government has borrowed more than official estimates by £6.6 billion this year. This shows the fiscal squeeze facing Rachel Reeves ahead of the next budget. The Office for National Statistics has published figures showing that the government borrowed £16,6 billion in September. This is an increase of £2,1 billion compared to the same month […]

The Big Four professional service firm EY has sacked dozens of employees for streaming multiple training videos at once to meet their quotas. EY confirmed last week that it had fired some of its US employees for trying to save their time by watching several online training courses simultaneously. The firm requires its staff to […]

The International Monetary Fund has given the UK one of the largest growth upgrades of any advanced country this year. This is a great boost for chancellor Rachel Reeves as she prepares to present her first Budget. The Washington-based forecaster predicted that the British economy will grow by 1,1% this year. This is a substantial […]

Shell’s $1.3 billion sale of its onshore production unit has been rejected by Nigeria, a blow for the oil giant’s plans to leave the troubled shallow-water sector in the Niger Delta. Gbenga Kmolafe (NUPRC) chief executive told a Nigerian oil conference in Abuja the sale of a local energy consortium to Renaissance Africa Energy was […]

Iran’s currency has declined, and many foreign airlines have suspended their flights as they prepare for a retaliatory Israeli attack against the Islamic Republic. On the open market, the rial fell almost 5 percent to 640,000 dollars on Monday from 610,000 dollars on September 30, the day before Iran launched its ballistic missile attack on […]

This year, share buybacks at mainland China’s largest exchanges reached a new record as Beijing pushed companies to return cash back to shareholders in an effort to revive the flagging stock markets. According to Chinese financial data provider Wind, there have been Rmb235bn (about $33bn) worth of share buybacks so far this year, which is […]

A UK report found that shoppers who return goods purchased online will send back £1,400 worth of items each in this year. This totals  £6,6 billion. According to a report from ZigZag, a return logistics company, and Retail Economics, a research firm, serial returners make up 11% of all shoppers but will account for nearly […]

The French government warned a US-based private equity firm that was buying the consumer healthcare division of Sanofi, that it would face penalties exceeding EUR100m for not keeping production and jobs in France. Sanofi is separating Opella . Opella produces the paracetamol Doliprane brand, the laxative Dulcolax, and other over-the counter medicines and vitamins. The […]

Owner of TikTok sacked intern for allegedly sabotaging a project on artificial intelligence. ByteDance stated that the person was dismissed in August for “maliciously interfering” with the training artificial intelligence models (AI) used in a project. ByteDance is one of the most important social media companies in the world thanks to TikTok as well as […]

Transport for London (TfL), after admitting that the fines were illegally issued, could be forced by Dutch lorry driver to refund millions of pounds for low emission zone fines. The Dutch government said that it has settled a dispute over the Ulez fines. A company representing Dutch haulage companies had launched a legal challenge against […]

A leading investment bank predicted that interest rates will fall to 2.75 percent by the autumn of next year after the Bank of England lowers the cost of borrowing in each of the nine meetings it holds. The economists at Goldman Sachs stated that the markets underestimated the likely impact of Threadneedle Street’s nine-strong MPC’s […]

Microsoft has developed “virtual employees”, capable of performing increasingly complex tasks in the office. This is the latest step in applying artificial intelligence in the workplace. The company says that the “autonomous agent” bots are sophisticated and can “understand your work and provide support across roles, teams and functions”, and they “can act on your […]

Volkswagen’s motor finance division has been fined £5.4m by the City regulator, and will pay more than £21.5m in compensation. This is for its “serious failures” in treating customers in distress. The Financial Conduct Authority conducted an investigation into the manner in which Volkswagen Financial Services (UK), a subsidiary of Volkswagen, handled customers who fell […]

Gold’s price has continued its strong rally, and reached a new high. Investors have flocked to gold as a safe-haven asset amid the expectation of more interest rate cuts by central banks. Bullion reached a new record price of nearly $2,733 per troy ounce on Friday, after surpassing the $2,700 level. This brings the gain […]

Microsoft signed a 5-year product agreement for the British Government, as the Labour government deepens ties with this giant technology group whose UK CEO has been appointed to head an influential new industry body. Microsoft and Crown Commercial Service (the UK’s largest public procurement organization) have signed a memorandum allowing public sector organisations to access […]

Goldman Sachs forecasts that the Bank of England will cut interest rates faster than investors expect over the next 12 months. Researchers from the Wall Street Investment Bank said that UK’s real underlying interest rate has increased to 2,75 percent since the Covid-19 Pandemic. This is well above the negative level in real terms seen […]

Sky’s annual losses doubled last year, as it spent more money on programming and related costs for its broadband services. It also increased its expenditures on hardware like mobile devices and Sky glass TVs. The company, which internet enabled smart TV Sky Glass, as well as its mobile, broadband, and streaming services. Sky’s modest improvement […]

A motoring group has called for new drivers in the UK under 21 to be prohibited from transporting passengers their age or younger after they pass their test. According to the AA, a graduated licence (GDL), if introduced, would prevent at least 58 deaths and 934 serious injuries in road accidents each year. The AA […]

Wes Streeting will launch on Monday a “national discussion” about the future National Health Service which, he claimed, was in an “awful state”. Streeting called on experts, clinicians and the public to submit their ideas for a “10-year Health Plan”, to rebuild the NHS to “be fit for the future”. The public will be asked […]

On Sunday, Moldova’s president Maia Sandu blasted “foreign” forces for their “unprecedented attack” on democracy. A referendum on EU membership was still too close to call with only a few thousands ballots remaining to be counted. Early on Monday morning, the “yes’ vote was leading by 79 votes, out of 1.5mn total votes. The country […]

The EU’s Financial Markets Watchdog is seeking expanded powers in order to supervise major stock exchanges and critical parts of the financial infrastructure of the EU. It wants to be a European equivalent of the US Securities and Exchange Commission. Verena Ross is the chair of the European Securities and Markets Authority. She said that […]

Unilever’s third-quarter sales are expected to grow as it implements a turnaround strategy under the new CEO. According to estimates, the maker of Marmite and Dove is expected to achieve a underlying growth of 4.2% in the last three months. This compares to 3.9.% growth in the previous quarter. When it updates the market, the […]

Aim has had a gruesome few weeks. The junior share market, which is lightly regulated and houses 700 British listed companies, is a place of horrors. Rachel Reeves’ budget, due next week, could eliminate the inheritance tax exemption, which makes Aim shares so attractive. But the concerns about the market are much more than that. […]

BHP is facing a class-action lawsuit brought by lawyers who have estimated that the compensation claim will be a record £36billion. The largest mining company in the world will begin its defense on Monday in London against a claim that it is responsible for the failure in 2015 of the dam that occurred in Minas […]

Striking Boeing employees have been offered a 35% four-year settlement to try and end their industrial action, which has crippled the aircraft manufacturer. It is estimated that the strike costs the company $50 million per day. The International Association of Machinists and Aerospace Workers (IAMAW), which represents 33,000 Boeing workers, announced that it received the […]

The number of homes listed by estate agents is higher than any time in the last decade. This keeps house prices down. Rightmove’s property search site shows that estate agents in Britain are on average marketing 63 homes. This is a 13% increase from the same time last year, and the highest since 2014. At […]

An engineering bosses’ group forecast that a well-executed Industrial Strategy could spark billions of pounds in investment to bring manufacturing back to Britain. According to a survey conducted by Make UK, the leading trade association for manufacturing and industrial products in the UK, 70 percent of respondents believe that “reshoring” will increase as a result […]

Microsoft signed a 5-year product agreement for the British Government, as the Labour government deepens ties with this giant technology group whose UK CEO has been appointed to head an influential new industry body. Microsoft and Crown Commercial Service (the UK’s largest public procurement organization) have signed a memorandum allowing public sector organisations to access […]

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 […]