Business

Lufthansa will take a 41% stake in ITA Airways (formerly Alitalia), the successor to the country's flag carrier, which is now bankrupt. The German group announced that it would pay €325mn to acquire the stake, and the Italian economics…

As US political pressure grows and legal concerns increase, three of Europe's largest insurers have left the Net-Zero Insurance Alliance. Axa and Scor, former members of the NZIA and former chairs of the group, announced on Thursday…

Ministers are looking at a radical reform of the fund protecting savers from company pension plans. This could transform it into an investment vehicle capable of investing tens or hundreds of millions of pounds in UK companies. According…

Next week, the chair of Tata Group will meet with Prime Minister Rishi Sunderak for discussions that should lead to an announcement that the Indian company plans to build a flagship battery factory for electric cars in the UK. Ministers…

Zoom's revenue and profit projections have been boosted amid a robust demand by companies looking to implement their post-pandemic plans. Eric Yuan said that despite the fact that more companies are ordering their staff to return to…

After a strong performance by its North American operations, the catering group behind Upper Crust & Caffe Ritazza has raised its guidance for full-year results to the upper end of their expectations. SSP Group, a travel outlet food…

Patrick Drahi, the telecoms tycoon who owns almost 25% of BT, has said he does not plan to make a bid for Britain's largest telecoms group. Altice UK, a part of Drahi’s telecoms empire said that it had increased its shareholding in BT…

Apple and Broadcom have struck a "multibillion-dollar" agreement for the chip company to provide 5G components made in Colorado and other parts of the US to the iPhone maker, as part of Apple's push to source more parts from American…

Hedge funds that are activists have led a revolt among shareholders over the pay and appointments of executives at Wagamama's owner, The Restaurant Group. This is the latest battle in the campaign to shake up and partially sell the…

Rolls-Royce's new CEO has slammed the company for its poor performance. He said that one of their core divisions had been "grossly mutilated". Tufan Erginbilgic , took over the leadership of the aerospace and engineering company at the…

Hargreaves Lansdown is concerned about Lindsell Train’s risk management. The fund group has not assessed its investment decisions "sufficiently", according to the firm. In a research report, the UK's biggest investment site stated that…

A US semiconductor company has acquired a British microchip-designing firm, months after the British government had blocked a Chinese acquisition of the business for national security reasons. Cadence, a $55bn (£44bn) US-listed…

This week, two of Europe's biggest asset managers will try to increase pressure on McDonald's for it to reduce its use of antimicrobials in the food supply. They are highlighting the risks that antimicrobial resistant poses to the economy…

The deal is the first in over 20 years between a group from a "magic circle" and a rival American company.“Magic circle” law firm Allen & Overy is merging with New York’s Shearman & Sterling to form a practice with combined revenues…

Rishi Sunak, the UK's Minister for Transport and Infrastructure, has confirmed that the UK is currently in discussions with the EU about Brexit rules which could increase the price of some electric vehicles. This comes after the powerful…

International Distributions Services, the parent company of Royal Mail, announced that it had posted a loss adjusted for inflation of £419m after a strike-plagued year. Results showed that the group as a whole, including Royal Mail UK,…

EasyJet reported that its forward booking trend was returning to normal, and it reduced its losses by £134 million in the first six months. It also increased its full-year forecast for its holiday business. EasyJet Holidays, the budget…

Bank under pressure to focus on Asia and cut costs by its largest shareholder .HSBC has abandoned plans to capture a slice of the UK’s £62bn annual workplace pension market after the banking giant failed to convince employers to sign up to…