Top commodities traders dismiss IPO route after bumper profits
Three of the largest commodity traders in the world said that their combined profit of $23bn last year shows they…
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Stonegate owner of Slug & Lettuce scrambles in a panic to plug a £2bn hole
Slug & Lettuce's owner has expressed concerns about the future of his company as he races to refinance over…
First time in decades, the biggest oil discovery to come out of the North Sea will…
A UK energy firm is about to begin drilling in the largest oil field found in the North Sea for at least 20 Years…
Former chief executive says Shell is’massively underestimated’ in…
Former Shell head says oil giant is "massively underestimated" in London, and could benefit from moving its listing…
OpenAI and Meta are ready to launch new AI models that can’reason’
OpenAI and Meta have announced that they are about to release new artificial intelligence models. These models…
BP is on track to a strong first quarter
BP is expecting a "strong performance" from its trading division, which buys and sold oil. It also expects an…
Vitol reports another strong year with profits of $13bn
Energy prices dropped from their record highs, resulting in a $2 billion drop in profits for Vitol.
According to…
Rain is bad news for Dune retailers, but consumers flock to the cinema instead
The wet weather dampened the enthusiasm of shoppers, and the increase in non-essential spending such as clothing…
Macquarie is among the lenders of Thames Water’s parent company
Macquarie, a financial group based in Australia, is a member of the consortium that lends to Thames Water parent…
Next, Frasers Group is looking at the stricken Ted Baker
Two of the biggest retail groups in Europe have expressed interest in buying Ted Baker's European retail business.…
Craft beer in the UK is on the verge of collapse, according to its scene.
Neither Rishi Sunak nor Gordon Brown is a beer aficionado. The former is teetotal and his predecessor all but gave…
JP Morgan CEO: Global economic risks could be greater than anything since the…
JP Morgan , the boss of a US bank, has warned the world that it could be in the midst of the most dangerous time…
Microsoft will build an AI hub as part of its £2.5bn UK expansion, despite…
The London office of a tech giant has set up a division for artificial intelligence
Microsoft will open a new…
IMF warns that shadow bank lending could trigger a new financial crisis
The International Monetary Fund has warned that risky lending by shadow banks could trigger a new crisis.
The…
TSMC’s $11.6bn US production agreement boosts Joe Biden AI chip ambitions
Taiwan Semiconductor Manufacturing Co., the world's largest chipmaker, has agreed that its most advanced products…
Citadel: Global oil market to be “extremely tight”
Citadel, a hedge fund giant, says that oil markets will become "extremely tight", in the second half this year.…
Labour denies plans for UK to join EU Customs Union
Labour's policy towards the EU has been a source of tensions. On Monday, the party had to deny that it would…
Elon Musk says AI will surpass human intelligence in the next few years
Elon Musk claims that the new artificial intelligence models' capabilities will surpass the human intelligence by…