National Lottery Operator borrowed millions of dollars from Kremlin owned banks
When it won the UK’s largest contract in the public sector, the company that runs the UK’s national lottery…
Yearly Archives
2024
Due to the regulatory crackdown, hedge funds are threatening to withdraw their…
Hedge funds have threatened to withdraw their investments from India due to controversial new rules that were…
Saudi Aramco raises dividend to almost $100bn despite falling oil prices
Saudi Aramco increased its dividend by almost $100 billion as it reported its second highest annual profit ever,…
After the Red Sea attack, demand for goods to be transported to Europe has boosted…
According to rail and logistics operators, the demand for goods to be transported from Asia to Europe via Russia…
Decision over first mini-nuke sites delayed amid legal action fears
Great British Nuclear (GBN) has postponed deciding where to build the first mini-nuclear power reactors until after…
Mark Carney, the new Labour Secretary of State for Finance and Economic Affairs,…
Labour hired former Bank of England Governor Mark Carney, and Barclays boss to unlock billions of pounds of private…
Bahrain’s Mumtalakat wants to sell its controlling stake in McLaren despite…
Bahraini McLaren owners have hired bankers in order to sell their stakes in the British automaker after investors…
Direct Line’s boss beefs up defenses after Ageas acquisition
Adam Winslow is the new boss at Direct Line and he will be presenting some of his plans to turn around the troubled…
Selfridges’ tycoon Rene Benko files insolvency
Rene Benko, the self-styled tycoon of Selfridges and Signa, has filed for bankruptcy following the collapse of his…
Raising the VAT threshold to help small businesses
From April, thousands of small businesses and self-employed people will not be required to charge VAT at 20…
Rentokil initial’s American dream comes true
Rentokil Initial's biggest acquisition to date has begun to pay dividends for the company, once known as the "royal…
Aviva buyback brings shareholder returns up to £9bn
Aviva's boss has intensified her efforts to turn around the insurer. She is implementing a plan that will boost…
Entain lost £40 million in earnings due to changes in gambling rules
The group that owns Ladbrokes, Sportingbet and other gambling brands revealed a £40-million hit to its earnings in…
ITV profits are hit by falling advertising revenues
ITV's boss believes the advertising market has recovered from last year, which she called the worst recession since…
Harbour Energy suffers from lower gas prices
After lowering its natural gas price projections, Britain's largest oil and gas producer anticipates generating…
The number of US banks that are weaker has increased as NYCB’s capital…
Regulators warned that the number of US problem banks has increased by 18%, while New York Community Bank, led by…
Virgin Money to be acquired by Nationwide for £2.9bn
Nationwide Building Society reached an agreement with Virgin Money to purchase it for £2.9bn. This deal would make…
Gold prices surge to record highs
Gold's price has soared to record levels, driven by investors looking for safe havens and central banks.…