British Land loses £200m in property due to rising interest rates
The property company British Land has seen its profits soar as a result of the rising rental rates, and the demand…
Yearly Archives
2023
HP filed a filing disputing that Lynch fraud was behind the $5bn Autonomy…
Hewlett-Packard and its auditors disputed whether a $5bn (£4bn), write-down in the value of software firm Autonomy,…
The Cassandra’s warning: Central banks are driving economies off a cliff
The scale of the interest rate hikes has not yet been fully felt, so optimism may be short lived.
The…
Silicon Valley gets a boost as tech giants are granted the power to appeal fines
After intense lobbying by Silicon Valley, ministers have weakened their powers to impose massive fines on tech…
Hunt’s £10bn tax cut headroom at Autumn Statement is a significant amount,…
JP Morgan says that Jeremy Hunt can cut taxes by up to £10bn in the Autumn Statement next week, as the outlook…
The food industry wants more time for the EU to implement its deforestation…
Food industry officials say they are running out of time in order to prepare for the new EU regulations to reduce…
Dutch government abandons plans to reduce flights at Amsterdam Airport
The Dutch government has backed down from plans to reduce flights at Amsterdam Schiphol Airport, after being…
Oil and gas importers will be hit by EU regulations on methane emissions
In an effort to curb the global warming gas, methane, the EU has agreed upon new restrictions for emissions that…
UK gives watchdog new power to force garages into revealing profits
Fuel retailers are required to reveal profit information by next year or risk hefty fines. This is under the new…
US and UK Push pledge to triple nuclear power by 2050
At the COP28 summit, the US will be leading a push to triple installed nuclear power capacities globally by 2050.…
Asda repays £300m while Issa brothers race for a reduction in borrowing
Asda paid off £300m in debts, as its billionaire owners raced to reduce borrowing levels throughout their…
Mining giant Glencore rejects London’s coal listing with a $7 billion deal
Glencore is the latest company that has snubbed the London Stock Exchange. The company confirmed plans to list…
Pfizer will cut 500 jobs in the UK as demand for Covid Jabs slumps
Pfizer plans to eliminate 500 jobs from its Kent laboratories as it tries to reduce costs by $3.5bn (£2.8bn), due…
Orsted requests more cash from the government amid doubts about viability of…
After spiraling costs cast doubt on its viability, the UK's largest offshore wind developer has been in…
Emirates says it will not buy Airbus A350 until Rolls-Royce fixes engine problems
Emirates, a Dubai-based airline, has ruled out purchasing Airbus A350-1000 aircraft until Rolls-Royce's engine…
Bets on wind energy stocks are profitable for hedge funds
Hedge funds have profited from a series well-timed bets on wind energy stocks. Some are betting that the sector…
English universities warn that sharp increases in pension costs could affect…
Leaders of English universities have warned that an increase in employer contributions to pensions next year would…
Selfridges Group to be taken over by a Thai investor
A Thai investor, Central Group, is poised to acquire the London-based upmarket department store Selfridges. This…