DFS reduces profit forecast due to weak demand and supply delays
DFS' profits are being affected by the Red Sea disruption and slow demand for large-ticket purchases.
The sofa…
Monthly Archives
June 2024
Argentina loses its appeal over $1.5bn payments to hedge funds
The London Court has dismissed Argentina's appeal against a ruling which would have required it to pay $1.5bn to…
Terraform Labs pays $4.5 billion in SEC fraud case
Terraform Labs has agreed to pay the US Securities and Exchange Commission $4.47bn to settle a case that was…
Germany launches limited military service to be “war ready”
Germany will reintroduce limited military service. However, the plan falls short of the original goal set by the…
Man arrested for contracts with PPE Medpro during the Covid era
Officers have arrested a 46-year old man in connection with an investigation into the £200m worth of contracts that…
Mexican billionaire Carlos Slim buys 3% of BT
Carlos Slim, a Mexican billionaire, has acquired a 3% stake in BT. This comes after Allison Kirkby, the new chief…
Energy watchdog warns of a’staggering oil glut’ by the end of the…
International Energy Agency warns that the world will face a "staggering surplus" of oil by the end decade. This is…
Legal & General Announces Strategic Shift: Expanding Pensions, Selling…
Legal & General, a prominent UK-based insurance and asset management group, has announced a significant…
Anglo Asian Mining Shares Soar 16% as Tailings Dam Wall Raise Clears Crucial…
Anglo Asian Mining shares rose 16% yesterday after the company received key approvals for upgrading its tailings…
Coach USA Files for Chapter 11 Bankruptcy Amid Ridership Decline
Coach USA, the parent company of the Megabus brand and several commuter bus lines connecting New York and New…
Mistral AI Secures $6 Billion Valuation in Second Funding Round for Open-Source AI
Mistral AI, a French artificial intelligence startup founded just a year ago by former employees of Meta and…
Raspberry Pi shares soar on London debut
The enthusiastic response to the listing of a British tech company at the London Stock Exchange has given rise to…
Mistral receives €600mn in funding after valuation soars up to €6bn
Mistral AI is a Paris-based artificial-intelligence start-up that has raised €600mn at a valuation close to €6bn.…
Shari Redstone concludes talks with Skydance Media on deal to control Paramount
Shari Redstone ended negotiations with Skydance Media on a deal which would have transferred control of the…
France’s conservative leader calls on pact with the far right
Ahead of the snap legislative elections scheduled for June 30, which have caused financial markets to tremble, the…
Rachel Reeves warns Bank of England against changing the way it pays interest on…
Rachel Reeves, the shadow chancellor of England, has warned of "the dangers" of changing the way the Bank of…
FirstGroup, a rail company, plans to increase Lumo services at a reduced price
FirstGroup the British transport operator applied for two additional "open access" services, outside of the main…
Four major UK supermarkets accused by the UK of misleading claims about…
The best thing since sliced toast. The smell of hot baked goods attracted shoppers who preferred a more fresh…