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…
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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…
Asos will take the ‘necessary action’ following a 18% decline in sales
Asos said it would take "necessary action" to turn around its fortunes, after the fast-fashion retailer's losses in…
Thames Water creditors back plan to split up business
Thames Water's largest bondholder has supported plans to split the company as it tries to avoid collapse.
The…
Newspaper ownership rules will be diluted
After a backlash from media owners, including Rupert Murdoch, the restrictions on foreign state ownership in…
Hunt promises to reduce the benefits bill ‘further’ and…
Jeremy Hunt warned that the costs of welfare benefits were rising uncontrollably. He pledged to cut the welfare…
Royal Mail is under threat of foreign ownership after a Czech billionaire’s…
Daniel Kretinsky wants to take full control of the parent company IDS, which is responsible for the postal service…
TGI Fridays US to be listed in London
The UK franchise owner for TGI Fridays agreed to a £177mn takeover, which will allow the US chain that is known for…
Bloom & Wild is suffering as the consumer’s confidence dwindles.
The group behind Bloom & Wild saw its losses increase to over £100 million in the latest financial year, as…