Companies

Boeing has pulled its 30 percent pay offer to striking factory workers as negotiations to end the costly strike have collapsed. S&P Global Ratings has warned it may downgrade Boeing's investment-grade credit rating to junk status, which…

Mondi, a FTSE 100 packaging company that failed in its bid to acquire UK rival DS Smith has acquired a German competitor. It has acquired western European assets from Schumacher Packaging. This family-run company is based in Germany’s…

OpenAI has adopted a corporate structure that is still largely untested to protect itself from hostile takeovers, and chief executive Sam Altman against outside interference. The AI start-up that received $6.6bn of new funding last week…

Imperial Brands will increase shareholder returns to £2.8 billion next year after continuing to generate huge amounts of cash through price increases. The FTSE 100 company that makes JPS and L&B cigarettes reported trading in line…

Only two companies listed on the London Stock Exchange in the third quarter. The total raised was £64.8m, an 82 percent drop from the same time last year. EY, an accountancy firm, reports that there were only ten listings this year. They…

Senior, a UK engineering company, will be forced to lay off staff due to the crisis at Boeing and the delays in returning to full production by Airbus. Senior, a FTSE 250 company, pays the price of being a major supplier to two troubled…

Very Group's ownership by the Barclay family is being reviewed as their corporate empire continues its decline following a £1.2billion debt deal with a Joint Venture backed by funds from the United Arab Emirates. Barclays JP Morgan,…

Tennet, the Dutch state-owned electric utility company, has hired investment bankers to investigate an initial public offering (IPO) for its German subsidiary. The Dutch firm is looking to cut its ties with this capital-hungry enterprise…

Tesco's boss claimed that consumers were "in good shape" and began to buy more expensive products before Christmas. This led the country's largest grocery store to raise its profit forecast. Ken Murphy was upbeat about the consumer's…

AO World has acquired a gadget seller that was valued at more than £200million by public market investors. The City is continuing to suffer losses on the ill-fated floats in 2021. AO World agreed to purchase electronics company…

JD Sports boss has dismissed the issues facing Nike, the company's biggest supplier. He credited its store range for compensating weaknesses in individual brands. Regis Schultz said that the retailer is on track to reach its profit…

Mike Ashley's Frasers Group launched a bold £83 million bid to take over Mulberry, Britain's most recognizable luxury brand, after being blindsided with a £10million rights offer. Sports Direct's owner, who believes it is the "best…

A group of prominent UK businesses has said that food companies should be required to report the amount of food they waste as a way of reducing the huge amounts of edible foods wasted in the UK. About a Steve Reed, more than 30 food…

It's not expensive clothes that you regret, but marginal purchases which seem to be a bargain and then quickly go wrong (unless you are a cabinet member using Waheed Alli’s credit card). Fund managers should therefore be cautious about…

Martyn Day stared at tanks from his window. In 2006, Leigh Day's co-founder travelled to Ivory Coast in order to fight a lawsuit against Trafigura. Trafigura was accused of dumping toxic materials off the coast. When the Yorkshire-bred…

Ministers are trying to convince Navantia that it should bid on four Harland & Wolff shipyards in Northern Ireland, England and Scotland. This is to prevent job losses for the struggling British shipbuilder. According to those briefed…

The US Department of Justice filed a lawsuit against Visa accusing it of monopolizing the debit payment market and abusing its dominant position in order to crush any potential competitors. In a civil complaint filed in Manhattan Federal…

China accused Calvin Klein's parent company of boycotting cotton in its western Xinjiang Region, threatening to place a US firm with significant interests on a blacklist for national security. Beijing's threats to put PVH, an apparel…