Persimmon Boosts Housebuilding Forecast Amidst Optimism Over Labour’s Plans
Persimmon, one of the UK's largest housebuilders, has strengthened its housebuilding forecasts for the year, citing…
Monthly Archives
August 2024
Assura Acquires £500M Private Hospital Portfolio Amidst NHS Waiting List Crisis
The ongoing NHS waiting list crisis has led to a surge in demand for private healthcare services in the UK. Assura,…
TP ICAP Mulls New York Listing for Parameta Solutions, Dealing a Blow to the…
In a move that could further dampen the appeal of the London Stock Exchange, TP ICAP, the City's top inter-dealer…
Hiscox Braces for $28M Hit from Baltimore Bridge Collapse
The collapse of the Baltimore bridge is set to deal a significant blow to Hiscox, one of the biggest insurers in…
Persimmon Sees Surge in Home Sales as Mortgage Rates Dip and Buyer Confidence…
The UK housing market is showing signs of recovery, with Persimmon, one of the country's largest housebuilders,…
Deliveroo Achieves Profitability Milestone Amidst Diversification Push
In a significant development, Deliveroo, the UK-based food delivery company, has reported its first half-year…
Barclays Becomes First UK Bank to Remove Bonus Cap, Allowing Payouts Up to 10…
In a significant move, Barclays has become the first UK bank to officially lift the cap on bankers' bonuses, a…
Hargreaves Lansdown Agrees to £5.4 Billion Takeover by Private Equity Consortium
In a significant development in the UK's financial sector, Hargreaves Lansdown, the country's largest DIY…
Demand for Prime Office Space Soars as Tenants Seek Quality
The demand for top-quality office space in London is reaching unprecedented levels, with businesses approaching…
Eli Lilly’s Weight-Loss Drug Zepbound Surpasses $1bn in Sales, Beating…
In a remarkable feat, Eli Lilly's weight-loss drug Zepbound has surpassed 1 billion in sales for the first time,…
Paramount Global Slashes 15% of US Jobs Ahead of Skydance Merger
Paramount Global, the entertainment behemoth behind Paramount Pictures, CBS, Nickelodeon, and the UK's Channel 5,…
Drax Power Station: UK’s Largest Carbon Emitter Despite £22bn in…
The Drax power station in North Yorkshire has come under scrutiny following a report from the climate thinktank…
ONS: UK post-pandemic recovery higher than previously thought
According to updated data, which gives more weight to healthcare and energy industries, the UK economy has…
Chile’s sole steel mill closes amid surge of Chinese imports
Chile's only steel mill announced that it would close due to competition from cheap Chinese imports. This is a…
Cathay Pacific invests $13bn to ‘get to the very top of the world’
Cathay Pacific announced that it would spend $13bn in seven years to upgrade its aircraft, airport lounges, and…
Bill Ackman’s Pershing Square weighs a deal to take a property group private
Bill Ackman’s Pershing Square is considering a deal that would delist Howard Hughes Holdings for $3bn, according to…
Italy doubles foreign tax on the wealthy
Italy doubled its flat tax on foreign income for new residents. This is a blow for wealthy expats who are fleeing…
Travel and leisure companies are affected by the slowdown in US consumer spending
As concerns about the economy grow, US consumers are cutting back on their travel and leisure spending, affecting…