Companies

Smiths Group shares fell on Tuesday from their all-time highs after a perceived small miss in its financial results. It is the last great British conglomerate, with four multinational divisions - John Crane Detection Flex-Tek Interconnect -…

Boeing, the troubled planemaker, announced to its striking workers a "best-and-final" offer of pay. However, its largest union refused to vote on an offer that did not meet their members' needs. The International Association of Machinists…

Tax authorities have warned self-employed workers to prepare for an upcoming crackdown. This could result in more inquiries into their earnings. The Supreme Court dismissed last week an appeal filed by the football referees body…

Thames Water's creditors plan to inject over £1 billion before the end the year to give the utility a financial lifeline as it attempts to sort out its finances. The City's sources say that a group of hedge funds, institutions and other…

Thames Water, whose future is at stake, has revealed that it is trying to buy more time by rewriting its loan agreements with lenders. Sources claim that the troubled water company is trying to extend its "liquidity flight" after admitting…

Journalists from the Guardian Media Group are revolting against a planned sell-off of The Observer, citing concerns that this could affect staff financial security. The National Union of Journalists voted to condemn the "flawed analyses"…

Ocado's sales outlook has been raised for this year due to the stronger summer trading. The grocery delivery business also gained more customers. Ocado Retail reported a 15,5% increase in revenue during the 13 week period leading up to…

Tupperware's airtight containers, which have become synonymous for food storage, appear to be on their way out. The American kitchenware firm has filed for bankruptcy in its struggle to survive. Tupperware Brands is asking the court for…

The Chinese owners of British Steel Works at Scunthorpe revealed that they had not made any profit since they saved the company. British Steel Ltd., which is owned by Jingye since 2020, caught up with its annual accounts after two separate…

Tortoise Media, a new online media company, is in negotiations with the Guardian Media Group to purchase the Observer, which is the oldest Sunday newspaper in the world. In a memo sent to its staff on Tuesday, GMG stated that it was…

After a dispute over an historic loan with a Greek shipping magnate, a company owned by the former Newcastle United director Amanda Staveley was forced into liquidation.According to both parties, a London court liquidated Staveley’s Apollo…

Pret A Manger sold £1 billion for the first year in its history, as it expanded into international markets. Now, £1 of every £4 is spent outside the UK.The sandwich chain has expanded its global portfolio of 690 stores and opened 81 new…

THG, the struggling online beauty and nutrition company, has announced that it will spin off its technology division in order to improve its balance sheet and share performance. The Manchester-based company said that it was "actively…

Harland & Wolff - the shipyard which built the Titanic - is about to enter administration for the second consecutive time in just five years. Harland & Wolff Group Holdings was "insolvent" on a basis of balance sheet, according…

John Lewis Partnership said that it was on track to grow profits "significantly" this year, after recovering the "buzz", and cutting losses while refocusing on its core business. The employee-owned partnership that owns the Waitrose…

The British steel industry has been warned that 2,500 jobs will be lost at the Port Talbot Steelworks. Thousands more are at risk across the UK as the government prepares to offer taxpayer-funded deals for the south Wales facility.…

Rightmove, Britain’s largest property listing company, rejected an initial cash-and-shares bid from Australia's REA Group, which valued the UK business around £5.6bn. REA, controlled by Rupert Murdoch’s News Corp., stated that its…

Gamma Communications, after reporting strong results for the first half of the year, is considering moving to London's main stock exchange. Aim's telecoms services provider, with its size, could join the FTSE 250 Mid-Cap Share Index.…