Business

Uber's Chinese competitor is now laying the foundations for entry into the UK. This comes three years after was forced to stop plans to launch services in British cities. Didi Global acquired operating licenses in Rotherham and Rochdale…

Land Securities, the largest commercial real estate owner in the country, sold the last of its hotels to an investor from the United States. Ares Management, based in Los Angeles, paid £400 million to purchase the 21 hotels located…

High Speed 2 bosses, who will supervise its construction, are set to receive two massive drills before £1bn in vital funding is secured. The Government is yet to approve the start of tunnelling despite repeating plans to extend the HS2…

Heineken invests £39 million in the UK to upgrade and reopen more than 600 pubs that have been closed for a long time. Refurbishments will be carried out in approximately a quarter (2400) of Heineken’s pubs, which make up the Star Pubs…

TV Narendran, who is a first-time grandparent, has been able to soften her personality. The CEO of Tata Steel - one of India's leading businessmen - smiled when he revealed that he had only become a grandfather four months earlier. "And…

First time, union leaders have agreed to accept the end of six-day letter delivery a week. This will allow Royal Mail to make historic postal service cuts. Royal Mail has faced a number of obstacles in reducing the daily losses it incurs…

Elon Musk unexpectedly visited Beijing on Sunday, where he met China's second-ranking leader, Premier Li Qiang. Tesla is struggling with falling sales and data security issues in the world's largest car market. Musk arrived in Beijing on…

Grocers are following in Amazon's footsteps in their pursuit of the retail 'holy-grail' Spotify users are known to flood social media in the last weeks of the year with their favorite songs, artists, and genres. Spotify Wrapped is a…

Canary Wharf Group has lost more than £900mn in value as a result of a £553mn loan deal. The developer and manager for the London Docklands estate, owned by Brookfield and Qatar Investment Authority, reported on Thursday a 14.7% annual…

Elon Musk’s SpaceX agreed to purchase a 10% stake in an electronics company founded 47 years ago in the garage of a professor. Filtronic, a County Durham-based company, saw its shares rise by more than 50% after it announced a "strategic…

After the Bank of England chief economist warned against reducing interest rates too early and said that inflation had to be squeezed from the economy, the prospects of an interest rate cut this summer have diminished. Huw Pill expressed…

Asda will raise more than £2.6bn in order to refinance part of its debt after the UK supermarket revealed results that showed adjusted profits rose by about a quarter. The third largest supermarket in Britain has been saddled with high…

Tyman is the latest London listed company to be acquired by an overseas competitor after accepting an offer of £788million from an American rival. Quanex Building Products, a FTSE 250 company that supplies parts for windows and doors,…

A leading fund manager said that it might take a bid to buy a large UK blue-chip company to awaken investors to the value of the London stock market, which is oversold. Nick Train, a well-known stock picker, once said: "Sometimes, you…

Mobico's shares, which own National Express, fell to their lowest ever price on Monday due to a profit warning, a sudden departure of its finance chief, and reassurances that debt levels would remain high for some time. City analysts…

Daniel Kretinsky, however, was not one of those people. He had his work on his mind as he stretched out on a lounger on holiday. The "Czech Sphinx", who was on holiday, picked up the phone and dialed Keith Williams. He then made a…

Daniel Kretinsky wants to take full control of the parent company IDS, which is responsible for the postal service Royal Mail has rejected a takeover offer from billionaire Daniel Kretinsky of the Czech Republic, as the 500 year old…

Wise's fortunes have been shattered by disappointing revenue and a slowdown in growth of the volume of transactions made on its platform. Payments company announced that their fourth-quarter revenue had increased by 24 percent…