Banking NatWest shares sale targets 2 Million Ordinary Investors admin Feb 5, 2024 The government wants to convince up to 2 million people to buy NatWest shares when it sells its stake in the bank.…
Technology Jeff Bezos toasts $8bn Amazon delivery admin Feb 5, 2024 According to filings, Jeff Bezos will make more than $8 billion from the sale of a large stake in Amazon. The…
Brexit UK taxpayers invested £400m in OneWeb. Its technology is now a gift for France. admin Feb 5, 2024 Pouring £400 million of taxpayers' cash into a bankrupt satellite company in the middle of a pandemic was something…
Economy Jeremy Hunt’s review aims to eliminate tourist tax admin Feb 5, 2024 Jeremy Hunt ordered a review of the so-called tourist tax, the clearest indication yet that the Treasury could be…
UK manufacturing UK manufacturers affected by Red Sea disruption, rising shipping costs admin Feb 2, 2024 Adidas' boss warned of "exploding global freight rates" after Houthi rebels attacked in the Red Sea, causing delays…
Business BAE develops a ‘Land Rover of the Sky’ to transport troops admin Feb 2, 2024 The new generation of heavy-lift drones is expected to revolutionise war After acquiring a rapidly-growing…
Business Ferrari profits surpass €1bn as drivers spend on luxury 4x4s admin Feb 2, 2024 Strong demand for four-door SUVs priced at £300,000. Ferrari's profits have surpassed €1bn (£850m), for the…
EU EU approves €50bn package of support for Ukraine admin Feb 2, 2024 After being pressed by his colleagues, Viktor Orban, the Hungarian prime minister, rescinded a veto he had…
Business Fears about the US commercial real estate market resurface after bank losses admin Feb 2, 2024 The mounting losses of banks in Asia, Europe and the US have reignited concerns about the weakness in the US…
Business Rank Group has been the big bet of the day after a return in profit admin Feb 2, 2024 Rank Group's positive half-year performance prompted traders and bookmakers to place bets. Owners of Mecca Bingo…
Companies Shell announces a $3.5 billion buyback despite declining profits admin Feb 2, 2024 Shell announced plans to buyback another $3.5 billion in its shares, after its fourth-quarter profit exceeded…
US The bid to take over Paramount is not a joke admin Feb 2, 2024 A former stand-up comic turned film producer and entrepreneur made a $30 billion bid for Paramount Global. It is…
Politics Tata Steel won deal of the century by bluffing Port Talbot’s closure admin Feb 2, 2024 Tata Steel is accused by MPs of using a bluff to get the government to give it a £500m bailout. This was a "deal…
Banking Bank of England hopes interest rates are at their peak admin Feb 2, 2024 The Bank of England said that borrowing costs had peaked, and inflation would fall to the target of 2% in the…
Banking Santander chief warns that banks are at risk of being unable to meet mortgages up… admin Feb 1, 2024 Mortgages requiring a 1pc down payment can increase risks for banks, and distort financial incentives for…
Companies Vodafone rejects merger bid of €10.5 billion by French billionaire admin Feb 1, 2024 Vodafone rejected an offer from billionaire telecoms tycoon Xavier Niel for a €10.5bn deal (£9bn). Last month Mr…
Oil and Gas Several North Sea oil drilling licenses awarded to foreign firms admin Feb 1, 2024 In the most recent round of exploration licenses, Korean, Malaysian and Norwegian companies were granted permission…
Nuclear Paris asks for UK loan guarantee following the cost explosion of Hinkley Point… admin Feb 1, 2024 French officials are pushing British ministers for loan guarantees to help EDF finance Britain's new nuclear power…