Saudi football club offers record €300mn to PSG for Mbappe
Al Hilal, the Saudi football club, has made a bid of €300mn to Paris Saint-Germain owned by Qatar. This is a…
Yearly Archives
2023
Rithm Capital agrees to acquire Sculptor for $639mn, a hedge fund.
Sculptor Capital Management was once the largest hedge fund in the world. It has now agreed to be bought for…
Credit Suisse fined $388mn over Archegos collapse
Credit Suisse was fined $388mn for "significant failings in risk management, governance and oversight" related to…
Center Parcs is expensive, but does it really worth £4bn?
The indoor water park at Center Parcs, Woburn Forest in Bedfordshire, is a blast of heat and humid air the moment…
Rebranding twitter: The shaky past of corporate makeovers
Elon Musk suggested that he might replace Twitter's bird-logo, which has been on the site since it was founded,…
Selfridges’ £4 billion takeover was backed by Saudi oil wealth
Saudi Arabia is a private financier of the £4bn Selfridges takeover, as part a spree to boost its international…
Covid will cost taxpayers an extra £15bn even though pandemic is over
The government will spend another £15bn on Covid despite the fact that the pandemic has been declared over.…
Britain’s EV push will cost billions, but the prize could be worth much more
This could be £500m. It could be £1bn. It could even be £2bn. It's not clear how much the government agreed to …
Nestle employees in Russia face conscription.
Nestle is under pressure from its Russian customers to pull out of the country, and more than 7,000 Nestle…
After inflation falls, UK stocks experience their biggest rally since January.
This week, UK stocks staged their largest rally since January as investors warmed up to a market which has missed…
British berry farmers accuse supermarkets pocketing soft fruits profits
British berry producers have accused supermarkets that they are pocketing profits from higher soft fruit prices,…
Grant Shapps promises to’maximise’ UK North Sea oil and natural gas…
Grant Shapps has said that the UK government will "max-out" its remaining North Sea oil reserves. He argues this is…
Care homes are closing as rising mortgage rates make the business…
Care home operators in the UK have warned of the "death-knell" that will be sounded by a recent rise in mortgage…
Netflix stock is sinking. Passwords are not the issue.
The fears that Netflix NFLX NFLX -8.41% would crackdown on password-sharing were unfounded. The new ad supported…
Unilever and Heinz are under investigation over grocery prices
The competition regulator will investigate big brand owners such as Heinz, Unilever and others over concerns…
Offices are eligible for tax breaks
EasyJet has seen its revenues per passenger surpass the average £100 for the first-time, showing the impact of…
Office check-ups are tax-deductible to prevent staff from signing off.
Under plans to combat a recent surge in long-term illness, workers and employers will receive tax breaks worth tens…
CVC raises €26bn to create the largest ever buyout fund
CVC Capital Partners raised €26bn (USD29bn) to create the largest private equity funds in history. This was despite…