The champagne bubble bursts when LVMH, owner of Moet, suffers a drop in sales
After a dramatic drop in Champagne sales, the owner of Moet & Chandon and Krug has a post-pandemic 'hangover.…
Yearly Archives
2024
Bailey says UK is on track to cut rates as US struggles with stubborn inflation
Andrew Bailey said that UK Interest Rates will continue to fall over the next few months, amid fears that the US…
Last-minute deal prevents closure of Britain’s largest train factory
After a series of intense discussions with the Transport Secretary, Alstom secured a vital new order
After a…
Tax havens are ‘using all the tricks in the book’ to avoid…
According to a recent report, tax havens make "glacially" slow progress on transparency measures to combat economic…
Apple’s smartphone crown is lost to Samsung, as Chinese rivals gain more…
Apple's lead on the global smartphone market was lost at the beginning of 2024. iPhone sales fell by 10% as Chinese…
Dividends of £2.5bn paid by water companies in the last two years, as debts rise…
In the two years following 2021, water companies in England & Wales have paid £2.5bn as dividends to…
Tesla cuts 10% of its global workforce
Tesla has cut more than 10% of its staff -- or at least 14,000 positions -- due to a global EV slowdown, and a…
Bond and currency markets are shaken by a ‘Blowout” in US retail sales
The "blowout report" on retail sales for March sparked an immediate sell-off of US government bonds and sent global…
Uniqlo’s £15 banana bag, which went viral among Gen Z, drives sales up after…
Uniqlo has seen a surge in sales after a "banana bag" that became viral on TikTok.
Newly filed accounts show…
Sunak’s favourite trainers, Adidas, are now more popular than Nike
Rishi Sunak, who was seen wearing Adidas Sambas was forced to apologize after fashionistas reacted so strongly.…
Revolut UK’s chief says New York is a threat to London’s fintech…
Revolut's UK CEO has warned that London faces the risk of losing its dominance in the fintech industry to New York.…
Airports urge ministers to stop issuing e-visas for transit passengers, as numbers…
Heathrow said that forcing airline transit passengers into a scheme where visitors to the UK are required to pay a…
L&G fires a warning shot at AstraZeneca regarding Pascal Soriot pay
The UK's biggest investor has cautiously supported Sir Pascal Soriot’s controversial AstraZeneca pay deal, but…
Spain supplants UK as top hotel investment destination amid buoyant demand
According to CBRE, Spain is now the preferred destination for hotel investors this year. This follows a number of…
France criticises UK for fishing access in protected habitats in British waters
France and the UK have launched a dispute over fishing rights, after their trawlers had been banned from certain…
Importers warn that new Brexit checks could cause shortages of food in the UK
Ministers' decision to impose phytosanitary certifications, plant passports as well as import licences and export…
Shell’s exit from the FTSE could cause a dam to break
City nerves jangle when FTSE giant feels unvalued
Net zero is still decades away, but we have spent endless…
As the Middle East crisis intensifies, drivers will face a rise in petrol prices
The escalating Middle East crisis threatens to push oil prices to close to $100 per barrel.
The RAC has warned…