Alain Roux’s Michelin star restaurant is in the red
Alain Roux’s three Michelin star restaurant in Berkshire is now losing money due to rising wage pressures.
The…
Monthly Archives
July 2024
Shein launches €200mn fund for fashion waste while it waits for IPO approval
Shein, an online fast fashion group planning to list in London, has launched a €200mn “circularity fund” that,…
Italian roaster Lavazza warns that coffee prices will continue to rise.
Italian coffee giant Lavazza warned that the price of coffee will rise as climate change and shipping disruptions,…
Green investments to begin ‘immediately” with the new £7bn National…
The Chancellor Rachel Reeves announced that the new flagship National Wealth Fund of £7.3bn to decarbonise…
Dyson will cut a quarter from its UK workforce
Dyson has cut about 1,000 jobs, which is more than one quarter of the workforce.
People familiar with the…
Business France says goodbye to Emmanuel Macron’s pro-business agenda
After President Emmanuel Macron’s snap legislative election resulted in a hung Parliament, France’s corporate…
UK pension funds overpay fund managers by £1.5bn
According to a new analysis, UK pension plans pay fund managers £1.5bn more than necessary in fees each year. This…
Melrose corporate raiders are back with Melrose BlackRock, among the blue-chip…
BlackRock, Norges, and GIC have signed up as investors to support a listed private-equity vehicle founded by…
The world’s largest oil company is betting on the power of petrol
Saudi Aramco, the world's biggest oil company, is betting that the internal combustion engines will last for "a…
Carlsberg goes ‘beyond the beer’ in its £3.3bn Britvic deal
While health campaigners are happy that young people seem to prefer soft drinks over alcohol, companies who produce…
Ocado robots march on to third Japanese warehouse
Ocado Group is planning to build a robotic third warehouse with its Japanese retail partners.
The online…
Germany sells ‘Saxon Treasure’ of confiscated Bitcoin
The German government has started auctioning confiscated bitcoins worth €2.5 billion. This sale may have…
British Airways is under pressure to improve after cancellations soar
After a tough year that saw its cancellation rate soar, British Airways faces pressure to improve operations just…
Keir starmer starts tour of UK nations in order to’reset relations’
Sir Keir started a tour in Scotland, Wales, and Northern Ireland, and Britain's newly appointed prime minister…
HMRC withheld offshore Tax Avoidance figures for UK wealthy during election
The tax officials have been under pressure to release estimated figures about offshore taxes avoided, after they…
Royal Mail continues to cut UK flights despite takingover
Royal Mail is preparing to reduce more freight flights this month.
Martin Seidenberg is the CEO of International…
UK to press for job guarantees in return for Port Talbot Investment
During talks with Indian-owned Tata Steel regarding the future of the Port Talbot site, the UK will insist on "job…
The UK’s declining naval power is reflected in the struggles at…
Harland & Wolff shipyard, Belfast, is known for building the Titanic. It was the largest passenger vessel of…