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…
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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…
Wise’s growth is below expectations
Wise's fortunes have been shattered by disappointing revenue and a slowdown in growth of the volume of transactions…
Long-term illness is causing a record number of people to be out of work
The number of workers who are out of work due to long-term illness has risen to a new record of over 2.8 million.…
Extreme weather in the UK has led to food shortages, price increases and shortages…
Extreme weather and climate breakdown are causing low yields in farms both locally and abroad.
Farmers in the UK…
Everton’s takeover will be delayed after 777 extends its loan repayment of…
After 777 Partners received a last minute extension for repayment of a £160m debt, the proposed takeover Everton is…
Middle East conflict risks sharp rise in oil prices, says IMF
The International Monetary Fund warned that an escalating Middle East war could lead to higher oil costs, a…
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.…
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…