British Gas profits £1bn after Ofgem allows it to charge higher bills
British Gas has seen its profits increase tenfold since Ofgem permitted the company to earn more from household…
Yearly Archives
2023
ITV will sell more content in the US if Hollywood’s strike continues
ITV will take advantage of Hollywood's writers strike to fill up empty schedules in the US if the impasse continues…
UK seafood industry in talks with the UK to improve labour standards on fishing…
According to sources close to the talks, top supermarkets and seafood companies are in discussions to launch a…
The US economy grows at 2.4% in the second quarter
The US economy grew faster than expected during the second quarter 2023. This was despite the Federal Reserve's…
Big Tech is racing to make generative AI central
Artificial intelligence is best viewed as a business accelerator -- something that adds new "smart features" to…
St James’s Place share prices drop sharply on proposed fee reduction
St James's Place will lower fees for a wide range of investment options, reducing its projected profits and causing…
The ECB has raised interest rates to a record high
The European Central Bank raised interest rates to a record high but also signaled that eurozone borrowing cost may…
Kering purchases 30% of Valentino from Qatari fund
Kering agreed to purchase 30 percent of Valentino's shares from Qatari Mayhoola as part of "strategic deal" that…
The decision that led to Britain’s debt crisis is one of the worst in the…
Few people have heard of the Debt Management Office. It is not just bond traders and pension fund managers.…
Evian faces a £170m loss after Russian factories are seized by the Kremlin
The French food giant Danone suffered a €200m loss (£170m), after Vladimir Putin seized its Russian factories.…
The Telegraph: Lloyds boss says the bank is not in a hurry to sell The Telegraph
After seizing the control of the Barclay Family over a dispute regarding debts secured against business, the chief…
Vauxhall owner warns against ‘invasion of Chinese’ in electric car…
Vauxhall's owner Stellantis warned that a "invasion of cheap Chinese vehicles" was coming as it pressed its…
Farage row has wiped £850m from the value of NatWest, forcing NatWest Chairman to…
The chairman of NatWest faces increasing pressure to resign due to his handling of Nigel Farage's "debanking…
Britons owe a record £5,76bn inheritance tax
The death rate increased during the Covid-19 pandemic, which led to a steep increase in the number estates that…
The UK regulator has tightened the rules for energy suppliers.
The UK regulator is imposing tougher regulations on energy suppliers to increase their financial stability. This is…
Market slowdown hits big traders Virtu and Citadel Securities
The recent market downturn has caused financial hardship for two of the largest trading firms in Wall Street:…
Matt Moulding’s THG purchases business newspaper City AM
Matt Moulding’s online retailer THG bought the loss-making London business paper City AM via a prepack…
Federal Reserve increases US interest rates to the highest level since 22
The Federal Reserve increased its benchmark interest rates by a quarter percentage point on Tuesday, bringing them…