Barclay family is on the verge of losing their control over Very Group
Very Group's ownership by the Barclay family is being reviewed as their corporate empire continues its decline…
Monthly Archives
October 2024
Richemont sells Net-aporter to rival
Richemont struck a deal with its German competitor Mytheresa to sell Yoox Net-a-Porter to them after an earlier…
UK house prices increase for the third consecutive month
After rising for the third consecutive month in September, house prices are now within a whisker's distance of…
Rio Tinto is considering a bid for Arcadium Lithium
Rio Tinto may make a bid to acquire a New York listed lithium miner, as the largest commodity groups in the world…
BP abandons its target to reduce oil production
BP plans to abandon an ambitious goal to reduce its oil and natural gas production by the year 2020 as it fights to…
India bails out Maldives following president’s softening of stance towards…
India announced a $760mn bailout package for the Maldives. The cash-strapped Indian Ocean island nation turned to…
Tennet seeks bankers to help with potential €20 billion German power grid IPO
Tennet, the Dutch state-owned electric utility company, has hired investment bankers to investigate an initial…
Man City wins partial victory in sponsorship dispute
A tribunal has ruled that the Premier League's commercial agreements rules between football club owners, and their…
Serious Fraud Office (SFO) and ENRC have a single day to settle their legal…
The UK Serious Fraud Office (SFO) and Eurasian Natural Resources Corporation are giving themselves 24 hours to…
Rachel Reeves spares PE bosses the top UK tax rate as part of a compromise over…
Rachel Reeves is unlikely to hit the private equity industry with the 45p top tax rate this month, because she's…
Ocado, AA and growing protest against London congestion charges for electric vans
Over 40 companies, including Ocado and the AA, have called for the Mayor of London not to expand the congestion…
Wine sellers protest against alcohol duty plan
Retailers are usually quick to announce price reductions and quiet about price increases, but some wine retailers…
TGI Fridays could save up to 2,000 UK jobs
Administrators have reportedly reached a deal to save over 2,000 jobs at the UK branch of the TGI restaurant chain.…
Eric Schmidt, former Google boss, to attend UK International Investment Summit
Former Google boss Eric Schmidt is one of many high-profile executives who will be attending the first…
SMRs get a boost from Czechs taking a stake in Rolls-Royce vehicles
The Czech government has taken a small stake in the Rolls Royce SMR consortium. This consortium hopes to build and…
The Mulberry crisis and the tycoons’ battle over its future
Mike Ashley's retirement from the board at his retail empire Frasers Group was never expected. After all, the man…
Bank of England Chief Economist warns against cutting interest rates too much
The Bank of England chief economist stated that interest rates should fall slowly and remain higher in the long…
Meta introduces a new AI model which can create video with sound
Meta (the owner of Facebook and Instagram) announced on Friday that it had developed a new artificial-intelligence…