Retail Dr Martens cuts costs by up to £25 million pounds to combat weak US sales Simon Rowe May 31, 2024 Dr Martens did not rule out the possibility of job cuts, after announcing plans to cut up to £25m in costs to…
Oil and Gas Study finds that countries do not need to issue any new licences for oil, coal or… Simon Rowe May 31, 2024 According to a major study directed at politicians, the world already has enough fossil-fuel projects planned to…
Politics UK chancellor: Income tax threshold will be squeezed for six years, until 2028. Simon Rowe May 31, 2024 Jeremy Hunt confirmed that the income tax threshold freeze of six years, which forces millions to pay higher rates,…
Companies Saudi Arabia sells $12bn of Aramco shares Simon Rowe May 31, 2024 Saudi Arabia sells approximately $12bn in shares of its national oil company Saudi Aramco to raise capital for its…
Companies Goldman Sachs invests more than $20bn in private credit Simon Rowe May 30, 2024 Goldman Sachs amassed over $20bn in private credit to invest, giving it the firepower to move ahead in one the…
oil producer ConocoPhillips buys Marathon Oil for $22.5 billion Simon Rowe May 30, 2024 ConocoPhillips agreed to purchase rival Marathon Oil, valuing the Houston-based firm at $22.5bn including debt.…
Companies Report: Bulk gold exported from Africa to UAE Simon Rowe May 30, 2024 The UAE is accused of receiving tens and tens billions of dollars in gold that's smuggled from Africa each year.…
Oil and Gas ExxonMobil, Chevron and other oil companies gather investors following the latest… Simon Rowe May 30, 2024 On Wednesday, shareholders of ExxonMobil as well as Chevron met for their annual meetings amid criticism from…
Food and drink industry After the price of orange juice went bananas, some manufacturers are considering… Simon Rowe May 30, 2024 The wholesale price of orange juice has "gone bananas", amid concerns about poor harvests in Brazil. Orange…
music Sony Music is reportedly in discussions to purchase Queen’s entire music… Simon Rowe May 30, 2024 According to , Bloomberg, Sony Music has been in discussions to purchase Queen's entire music catalog, including…
Jobs and employment Samsung Workers’ Union Announces First-Ever Strike for Chipmaker Simon Rowe May 30, 2024 The South Korean tech giant Samsung Electronics announced on Wednesday the first ever strike by its employees. This…
Mining Anglo American rejects BHP’s request to extend the deadline for takeover… Simon Rowe May 30, 2024 Anglo American survived a takeover attempt by BHP, the Australian mining rival, worth almost £39bn after the…
Companies Royal Mail’s sale of foreign mail could threaten a 500 year old national… Simon Rowe May 30, 2024 The takeover of Royal Mail, by a private financier, is a cause for concern. On the long-term, it is fair to say…
Electric vehicles Electric cars will soon be more expensive Simon Rowe May 30, 2024 California may soon charge you for each mile driven. Texas already charges an additional registration fee. New…
Oil and Gas Shell and Exxon sell £390m in North Sea gas fields Simon Rowe May 30, 2024 Shell and ExxonMobil have reached an agreement to sell two gas fields in the North Sea for $500m (£390m), despite…
Pensions UK seeks to improve employer access to pension surpluses Simon Rowe Jul 12, 2023 As part of a wider plan to stimulate economic growth, the government is looking at ways to make it easier to access…
Economy UK mortgage costs pass mini-Budget highs Simon Rowe Jul 12, 2023 As a result of interest rate hikes, banks and building societies have increased the cost of mortgages with a…
Economy UK plans to lift ban on naked short-selling in gilt market Simon Rowe Jul 12, 2023 The UK proposes to scrap EU restrictions against short-selling sovereign bonds. It argues that allowing hedge funds…