Intel wins EU legal battle against £880m Competition Fine
Intel, the US chipmaker, has won an ongoing battle against a fine of over €1bn levied by the European Commission…
Monthly Archives
October 2024
John Lewis wants to bring back the buzz with Jamie Oliver’s cooking school
John Lewis declared that the "buzz" was back as it announced an upgrade of its Oxford Street shop, which included a…
Unilever’s sales are boosted by “power brands”
Unilever's third-quarter sales increased more than expected, as its ice-cream business grew ahead of the spin-off…
Barclays’ £2.2bn profit beats City expectations
Barclays' British High Street business performed better than expected, and its investment bank has resumed…
Anglo American is facing a diamond crisis due to sluggish sales of luxury goods
Anglo American could be pushed to further reduce its diamond production this year by a fall in luxury consumer…
BP in a ‘trilemma of energy’ over the green transition
Many City analysts saw Murray Auchincloss, the Canadian executive who was confirmed as BP's permanent boss by the…
Abrdn boss: Don’t force pension funds to buy UK assets
The head of Abrdn warned that British pension funds should not be "forced" into purchasing UK assets by the…
Mike Ashley asks Boohoo for him to be the CEO
Mike Ashley, the retail tycoon, has made a bold bid to become CEO of Boohoo. He is pushing for a merger between…
IMF warns that Europe’s economy is poised to fall behind the US.
IMF warns that the gap between the US and European gross domestic products will widen by the end decade. It also…
The average partner pay in top US law firms has risen to a record $1,4 million
According to a major survey, partners at large US law firms earn more than ever. The average compensation is…
Tesla shares jump 22% after Elon Musk forecasts a sales rebound
Tesla shares posted their largest one-day increase since 2013, after the world's biggest electric vehicle…
US approves lithium-ion project to help break China’s grip over EV minerals
As part of its strategy for breaking Chinese dominance of the supply chains of essential minerals, the US approved…
Rachel Reeves confirms UK fiscal rules will be changed to fund £20bn in annual…
Rachel Reeves confirmed that she would change the UK fiscal rules in next week's Budget. She wants to borrow more…
Premier League stadiums can be sold only by the Football Association
The government is planning to give independent regulators the power to stop Premier League teams from selling their…
Frasers Group criticises Mulberry’s management after abandoning its takeover…
Mike Ashley's Frasers Group criticised Mulberry's management after it withdrew from its attempt to acquire the…
Think-tank of Tony Blair urges the introduction of pay-per-mile road prices across…
Tony Blair's think-tank says that a pay-per mile road pricing system should be introduced now. It is also urging…
Reeves announces major fiscal rule change releasing £50bn to spend
Rachel Reeves, at the International Monetary Fund will announce a plan for changing Britain's debt regulations that…
Apple now allows children to report nudity via iMessage
Apple has introduced a new feature in Australia which will allow children who receive nude images or videos to…