Barclays asks High Court to stop passive funds in investor lawsuit
Barclays wants the High Court of London to reduce the value of the £560mn lawsuit filed by investors. This is done…
Yearly Archives
2024
Cohere, a new AI startup, raises $500mn to compete with OpenAI
Cohere, an artificial intelligence company, has raised $500mn through a new round of funding, making it the most…
Vertical Aerospace dismisses Rolls-Royce’s exit from flying taxis
The first prototype of the company crashed during testing just under a calendar year ago. Rolls-Royce withdrew as a…
Carpetright saves 300 jobs after founder returns to the floor
Lord Harris of Peckham, who built Carpetright from the ground up 35 years ago, has signed a multimillion pound deal…
Hammerson sells Bicester Village as part of a £1.5bn deal
LVMH, the luxury goods conglomerate, and its billionaire founder bought a stake of Bicester Village as well as…
Britain is losing out because of the tourist tax
The boss of Longchamp, who called for the reinstatement of tax-free shopping in Britain, warned that Britain was…
UK doctors and travel companies warn of a backlog following global IT outage
As the effects of Friday’s global IT outage persist, NHS patients are being warned that GP services “cannot be…
Britain’s largest retirement provider increases investment in UK defense
The UK's largest long-term pension and savings provider has increased its investment in UK defense as the global…
The buy-to-let market has shrunk for the first time since almost 30 years
Buy-to-let mortgage values have shrunk, for the first three decades. This is due to the high borrowing costs and…
TalkTalk secures £200m from founder
TalkTalk has been scrambling in order to secure a £200m loan from Sir Charles Dunstone, as it tries to avoid…
Parking charges are increasing and airports earn £2m per day.
As they prepare to fly off this summer, thousands of holidaymakers are going to be horrified by the cost of airport…
Burberry prepares for a new start: less edgy and lower prices
Burberry's newly appointed chief executive, Joshua Schulman, fought through jet lag to reach the headquarters of…
Green flying will lead to higher prices. Can it takeoff?
Anthony Nolan, pointing to the royal warrant emblazoned on one of the 23 green-and white trucks at Olleco’s depot…
Permira wants to sell Evelyn for £1.5 billion pounds.
Evelyn Partners is one of Britain's biggest wealth management firms. The private equity company that owns it,…
Philip Jansen aims to take over Rentokil
Rentokil Initial, a FTSE 100 pest-control empire owned by Rentokil Initial's former boss at BT, is being targeted…
SLB and Halliburton See Strong International Demand Amid Earnings Reports
SLB and Halliburton, two of the world’s leading oilfield service providers, reported strong international demand…
Urgent Action Needed to Prevent “Disorderly Transition” as Scotland’s Only Oil…
Accelerated action and intensive work are required to avoid a “disorderly and unjust transition” when Scotland’s…
The UK job market is cooling again as wages growth slows
The UK wage growth in May slowed to its lowest level in the past two years, amid a cooling job market. This…