Birkenstock owner eyes $8bn valuation in September IPO
According to sources familiar with the situation, the private equity owners of German sandal manufacturer…
Yearly Archives
2023
Audit firms fight against expansion of fraud detection role
The largest accounting firms in the world are fighting against new rules that force them to be more responsible for…
Aston Martin plans to raise £210mn for high-interest debt
Aston Martin will raise £210mn through the placement of new shares to pay off a portion of high-interest debt that…
New projects approved by industry call for UK to accelerate carbon sequestration
After Rishi Sunak's pledge to maximize oil and gas production on Monday, the UK energy industry has called for…
Beer drinkers balk at Heineken’s prices
Heineken's annual profit forecast has been cut after beer drinkers balked over higher prices.
The second largest…
After receiving a red rating, HS2 has been officially declared…
The government's infrastructure watchdog has deemed the HS2 project "unachievable", due to its severe delays and…
Lush gave bonuses to managers worth £5m after receiving £5m of state assistance
Last year, the cosmetics retailer Lush gave its managers bonuses worth £5m while receiving £5.1m from government…
Amazon and Microsoft claim UK anti-monopoly measures risk investment
Amazon and Microsoft warned that the stranglehold they have on the £15bn market for cloud computing threatens…
Tech tycoons are sucking the carbon dioxide out of the air and sea
Sajid Javid was the then Business Secretary at the time and he had to sell Green Investment Bank. In his annual…
Spotify UK sales surge as it ramps-up presence
Spotify, a global music streaming service that offers songs by Taylor Swift and Ed Sheeran, among thousands of…
UK pledges £600mn for social care services before winter
The government has allocated £600mn to hire and retain additional social care workers in England. This is part of a…
Starling Bank: Can it make technology its business?
Anne Boden's shocking departure from Starling Bank as CEO in June left the once-named "Bank Possible" with one of…
Sky wins court order blocking illegal streaming of football and hit shows
Sky has been awarded a High Court Order that will require internet service providers (ISPs) to prevent piracy…
Bruno Le Maire: European auto industry can survive cheap Chinese EVs
According to Finance Minister Bruno Le Maire, France's new auto subsidies "pave the way" for Europe to be able to…
Breit, Blackstone’s subsidiary, sells properties to fund AI data centres
Blackstone's flagship $68bn property fund is now one of the largest sellers of real estate in the world. It has…
Mike Ashley’s Frasers Group bets multimillions of pounds on shopping centres
Mike Ashley and his family, the owners of Sports Direct and House of Fraser, are looking for shopping centers…
Foxtons chief says that the London property market is being propped up by a…
Renters forced to sell their properties by rising mortgage rates and redtape
The chief executive of…
Mercedes Maybachs, G-Wagons and G-Wagons are still being bought by drivers despite…
Mercedes-Benz sales have been boosted by the sales of Maybach limousines, G-Wagon SUVs, and AMG high-performance…