Investment Elliott, an activist says that its long-term perspective on Anglo American… admin Oct 9, 2024 After acquiring a $1bn stake in Anglo American rival BHP, activist hedge fund Elliott described its long-term view…
Economy Pension funds demand UK fiscal rule changes to spur investment admin Oct 9, 2024 Investors who manage £1.7tn in assets have called on UK chancellor Rachel Reeves, to overhaul Britain's fiscal…
Electric Vehicles Battery manufacturers aim to ease EV anxiety with 5-minute charging admin Oct 9, 2024 Asian battery manufacturers are racing to create new "superfast charging cells" for electric vehicles. These will…
Government Abu Dhabi sells 9.9% of Thames Water admin Oct 9, 2024 Abu Dhabi's sovereign fund has written-off its investment in Thames Water, a blow for the Labour government who is…
Brexit Young Britons regret losing the right to work in EU after Brexit admin Oct 8, 2024 Seb Kinsey, 18, grew up in Glossop near the Peak District, Derbyshire. Growing up there gave him a love for…
Food and Drink Industry TGI Fridays’ rescue is overshadowed with closures and 1,000 jobs losses admin Oct 8, 2024 After a failed rescue by private equity of the struggling British restaurant group, TGI Fridays has lost more than…
Airline Vietjet wins appeal right in $250m court case admin Oct 8, 2024 The right to appeal has been won by a Vietnamese airline facing a bill of up $250 million for compensation in a…
Drug Research AstraZeneca signs a $2bn deal to Chinese firm admin Oct 8, 2024 The largest pharmaceutical company in Britain has signed a license agreement with a Chinese firm that could be…
Business Barclay family is on the verge of losing their control over Very Group admin Oct 8, 2024 Very Group's ownership by the Barclay family is being reviewed as their corporate empire continues its decline…
Retail Richemont sells Net-aporter to rival admin Oct 8, 2024 Richemont struck a deal with its German competitor Mytheresa to sell Yoox Net-a-Porter to them after an earlier…
Housing UK house prices increase for the third consecutive month admin Oct 8, 2024 After rising for the third consecutive month in September, house prices are now within a whisker's distance of…
Electric Vehicles Rio Tinto is considering a bid for Arcadium Lithium admin Oct 8, 2024 Rio Tinto may make a bid to acquire a New York listed lithium miner, as the largest commodity groups in the world…
Oil and Gas BP abandons its target to reduce oil production admin Oct 8, 2024 BP plans to abandon an ambitious goal to reduce its oil and natural gas production by the year 2020 as it fights to…
World India bails out Maldives following president’s softening of stance towards… admin Oct 8, 2024 India announced a $760mn bailout package for the Maldives. The cash-strapped Indian Ocean island nation turned to…
Companies Tennet seeks bankers to help with potential €20 billion German power grid IPO admin Oct 8, 2024 Tennet, the Dutch state-owned electric utility company, has hired investment bankers to investigate an initial…
Sports Man City wins partial victory in sponsorship dispute admin Oct 8, 2024 A tribunal has ruled that the Premier League's commercial agreements rules between football club owners, and their…
Fraud Serious Fraud Office (SFO) and ENRC have a single day to settle their legal… admin Oct 8, 2024 The UK Serious Fraud Office (SFO) and Eurasian Natural Resources Corporation are giving themselves 24 hours to…
Government Rachel Reeves spares PE bosses the top UK tax rate as part of a compromise over… admin Oct 7, 2024 Rachel Reeves is unlikely to hit the private equity industry with the 45p top tax rate this month, because she's…