Mobico, the owner of National Express, flashes its hazard light to get investors…
Mobico's shares, which own National Express, fell to their lowest ever price on Monday due to a profit warning, a…
Yearly Archives
2024
Bank of England raises alarm over private equity sector
Bank of England warns that mounting pressure on the £6.5 trillion (£6.5 billion) private equity sector could lead…
Foxtons is going to sell after cleaning up its act?
It was a time when you felt that Foxtons, the London estate agency, owned London.
In the noughties its…
Estrella Damm opens its first British brewery in Bedford
The family-owned Estrella Damm, which is a leading producer of Spanish lager in Britain, has invested €60 million…
Royal Mail investor slams ‘raider Kretinsky’ over £3bn Takeover
Daniel Kretinsky, however, was not one of those people. He had his work on his mind as he stretched out on a…
The disappointment of a 3.2% inflation rate as the hopes for rate reductions fade
The Bank of England is more likely to delay cutting interest rates later in the year if inflation falls slower than…
The German electric car market is stagnant
Electric car sales have dropped sharply in Germany, as concern grows across the continent about zero-emission cars.…
Concord Chorus and UK music investor Hipgnosis reach agreement on £1.1bn purchase
After months of turmoil, the British music royalties fund Hipgnosis has agreed to be taken over by a rival music…
EasyJet reduces winter losses despite cancellations due to Israel-Gaza conflict
EasyJet said that it has reduced its winter losses to at least £50m, and is confident about a record-breaking…
Nestle, KitKat’s owner, fights back against the push to reduce unhealthy…
Nestle has rejected investor proposals that would force the world's biggest consumer goods company, Nestle, to…
Coventry Building Society offers £780m for Co-operative Bank
Coventry Building Society made a tentative offer of £780m for the Co-operative Bank to its hedge fund owners. This…
Nicola Sturgeon’s husband is charged in SNP Finance Probe
The husband of Scotland’s former First Minister Nicola Sturgeon was charged with embezzlement allegations involving…
Netflix profits surge after password-sharing crackdown
Netflix's crackdown against password sharing helped it to blow past Wall Street earnings expectations, but shares…
UK won’t ‘turn on” post-Brexit border checks of EU goods because…
Because of "significant disruption", the UK government told its port authorities it would not "turn on critical…
Bank of America’s profits are hit by bad loan write-offs
The second largest bank in America wrote off $1.5 Billion of bad loans during the first quarter of this year, due…
US sanctions oil on Venezuela for breaking election promises
The US has reimposed sanctions on Venezuelan oil, claiming that President Nicolas Maduro’s socialist revolution…
Jane Street, a high-speed trader, made $4.4bn by the start of 2024
Jane Street, a secretive fast-paced firm, has flourished alongside Wall Street market makers.
Documents reviewed…
IMF urges UK debt to be reduced
The IMF has warned Rishi Sunak to take more aggressive action to reduce the UK public debt. This puts into question…