Debt-laden Haleon kisses goodbye to ChapStick
Haleon sold ChapStick for more than $500m as it sought to reduce its debts while also boosting its stock price.…
Yearly Archives
2024
Ministers are concerned that Vodafone’s shareholder could pose a national…
In response to increased scrutiny over foreign investment in British infrastructure, the government has imposed…
After FCA investigation into commissions, UK auto lenders may face a bill of up to…
The UK financial watchdog has revealed the extent of its investigation into historical commission agreements which…
China cuts bank minimum reserves by 0.5%
China's central banks has cut the amount of cash required by banks to hold in reserve. They hope to increase the…
UK factories reduce production for the 11th consecutive month amid tensions at Red…
UK factories have reduced production and investment at the start of the new year. This is a result of escalating…
Space race to unlock mineral wealth of asteroids
The term "asteroid mining" might sound like something out of science fiction, conjuring up images of workers…
Spotify wins the App Store Controls Battle against Apple
Spotify is claiming a victory in Europe over Apple by allowing in-app purchases and promotion of its services,…
EasyJet’s losses to shrink despite Middle East loss of £40m
EasyJet expects its losses to be lower than the record-breaking deficit of last year, despite the £40 million hit…
The French government is pressing the UK to fill a multi-billion-pound gap in…
The French government wants the UK to plug a multi-billion-pound budget hole for nuclear power projects that are…
AstraZeneca to invest £100m in a vaccine plant near Liverpool
AstraZeneca wants up to £100m in government assistance to expand its vaccine production facility located in the…
Vertical Aerospace founder gives $50m to Vertical Aerospace to keep it airborne
Vertical Aerospace, an electric flying taxi company, received $50 million from its founder in order to stay…
EDF says Hinkley Point C may be delayed until 2031, and could cost up to £35bn.
Hinkley C , the owner of , has blamed Brexit, Covid and inflation for its announcement that it could delay and cost…
Chinese markets rise on news Beijing may consider £222bn State Rescue Plan
Chinese markets are up after a report that Beijing is scrambling for billions of Yuan to be mobilized from…
Bitcoin price drops 15% after launch of ETFs
Bitcoin's value has dropped by 15 percent in the last two weeks as investors have taken advantage of the launch of…
The sharp fall in UK government borrowings in December has raised the prospect of…
The UK government borrowed less in December than was expected, which is a boon to chancellor Jeremy Hunt’s plans to…
Abrdn will cut hundreds of jobs in its restructuring plan of £150mn
UK asset manager Abrdn is preparing to make hundreds of job cuts as part of a drive to cut about £150mn in costs.…
Netflix signs $5bn agreement to livestream WWE Raw
Netflix has signed a five-billion dollar deal to stream World Wrestling Entertainment’s flagship Raw program in the…
AI voice-cloning start-up ElevenLabs achieves unicorn status
In its latest round of funding, a start-up company that clones people's voice was valued at over $1 billion. This…