Ferrari profits surpass €1bn as drivers spend on luxury 4x4s
Strong demand for four-door SUVs priced at £300,000.
Ferrari's profits have surpassed €1bn (£850m), for the…
Yearly Archives
2024
EU approves €50bn package of support for Ukraine
After being pressed by his colleagues, Viktor Orban, the Hungarian prime minister, rescinded a veto he had…
Fears about the US commercial real estate market resurface after bank losses
The mounting losses of banks in Asia, Europe and the US have reignited concerns about the weakness in the US…
Rank Group has been the big bet of the day after a return in profit
Rank Group's positive half-year performance prompted traders and bookmakers to place bets.
Owners of Mecca Bingo…
Shell announces a $3.5 billion buyback despite declining profits
Shell announced plans to buyback another $3.5 billion in its shares, after its fourth-quarter profit exceeded…
The bid to take over Paramount is not a joke
A former stand-up comic turned film producer and entrepreneur made a $30 billion bid for Paramount Global. It is…
Tata Steel won deal of the century by bluffing Port Talbot’s closure
Tata Steel is accused by MPs of using a bluff to get the government to give it a £500m bailout. This was a "deal…
Bank of England hopes interest rates are at their peak
The Bank of England said that borrowing costs had peaked, and inflation would fall to the target of 2% in the…
Santander chief warns that banks are at risk of being unable to meet mortgages up…
Mortgages requiring a 1pc down payment can increase risks for banks, and distort financial incentives for…
Vodafone rejects merger bid of €10.5 billion by French billionaire
Vodafone rejected an offer from billionaire telecoms tycoon Xavier Niel for a €10.5bn deal (£9bn).
Last month Mr…
Several North Sea oil drilling licenses awarded to foreign firms
In the most recent round of exploration licenses, Korean, Malaysian and Norwegian companies were granted permission…
Paris asks for UK loan guarantee following the cost explosion of Hinkley Point…
French officials are pushing British ministers for loan guarantees to help EDF finance Britain's new nuclear power…
Amer Sports, the apparel manufacturer of Arc’teryx, considers IPO prices…
Amer Sports, the owner of Arc'teryx clothing brand, is expected to raise less than it hoped for in its largest US…
El Musk’s empire and the $56bn Tesla deal that went wrong
Elon Musk's long-term compensation package includes shares worth $56 billion. A Delaware judge ruled that Musk must…
Novo Nordisk shares reach record highs as obesity drug boom drives share prices up
Novo Nordisk's shares reached a new record high following the Danish company's report of soaring sales for its…
Diageo’s profits in Latin America hit by “perfect storm”
Diageo's chief executive has announced plans to reduce stock levels drastically in the region of Latin America,…
Investors punish Alphabet, owner of Google, for its advertising shortfall
Alphabet disappointed its investors when holiday advertising sales fell below expectations. This overshadowed the…
Sky cuts 1,000 jobs due to the shift from pay-TV customers to internet
Sky will cut 1,000 jobs due to the shift from traditional satellite pay TV to streaming services. This is the…