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…
Business Amer Sports, the apparel manufacturer of Arc’teryx, considers IPO prices… admin Feb 1, 2024 Amer Sports, the owner of Arc'teryx clothing brand, is expected to raise less than it hoped for in its largest US…
Business El Musk’s empire and the $56bn Tesla deal that went wrong admin Feb 1, 2024 Elon Musk's long-term compensation package includes shares worth $56 billion. A Delaware judge ruled that Musk must…
Pharmaceutical Novo Nordisk shares reach record highs as obesity drug boom drives share prices up admin Feb 1, 2024 Novo Nordisk's shares reached a new record high following the Danish company's report of soaring sales for its…
Retail Diageo’s profits in Latin America hit by “perfect storm” admin Feb 1, 2024 Diageo's chief executive has announced plans to reduce stock levels drastically in the region of Latin America,…
Artificial intelligence Investors punish Alphabet, owner of Google, for its advertising shortfall admin Feb 1, 2024 Alphabet disappointed its investors when holiday advertising sales fell below expectations. This overshadowed the…
Economy Sky cuts 1,000 jobs due to the shift from pay-TV customers to internet admin Jan 31, 2024 Sky will cut 1,000 jobs due to the shift from traditional satellite pay TV to streaming services. This is the…
Jobs and employment PayPal will cut 2,500 jobs in an effort to re-size itself admin Jan 31, 2024 Alex Chriss, the CEO of PayPal, said that it plans to cut 2,500 jobs or 9% from its global workforce this year.…
Politics Stormont agreement: Sinn Fein declares that a united Ireland is ‘within… admin Jan 31, 2024 Sinn Fein said that a united Ireland was "within touching range" as it prepared to take on the role of Northern…
Economy Insolvencies in England and Wales to reach 30-year high by 2023 admin Jan 31, 2024 According to official statistics, corporate insolvencies in England & Wales reached their highest level in 1993…