Business

Vodafone is still in "active discussion" about a possible deal for its struggling Italian operation, while its largest market in Germany has seen its growth slow down. The FTSE 100 Telecom Group posted a mixed trading update for the…

The Danish company behind the weight-loss injection Wegovy, has agreed to buy three manufacturing facilities for $11 billion in order to increase production due to a surge of demand. Novo Nordisk will acquire the facilities in a…

The new generation of heavy-lift drones is expected to revolutionise war After acquiring a rapidly-growing British manufacturer, BAE Systems has developed a new generation heavy-lift military robots capable of evacuating wounded troops…

Strong demand for four-door SUVs priced at £300,000. Ferrari's profits have surpassed €1bn (£850m), for the first ever , as wealthy drivers spend lavishly on luxury SUVs. The Italian automaker reported a record-breaking net profit in…

The mounting losses of banks in Asia, Europe and the US have reignited concerns about the weakness in the US Commercial Property Market, which has been under pressure due to lower occupancy rates and higher interest rate. The regional US…

Rank Group's positive half-year performance prompted traders and bookmakers to place bets. Owners of Mecca Bingo & Grosvenor Casinos made a profit in the six months up to the end December, with a pretax profit of £10.4m. This is a…

Amer Sports, the owner of Arc'teryx clothing brand, is expected to raise less than it hoped for in its largest US initial public offer since October. This is the latest indication that investors are cautious amid a tentative return in the…

Elon Musk's long-term compensation package includes shares worth $56 billion. A Delaware judge ruled that Musk must forfeit the shares. This has caused a stir at Tesla and threatens to distract the boss from the problems at his company and…

One bank announced that the company was a possible takeover target on the same day Auction Technology Group reported a successful start to the new year. Analysts at Berenberg said that Auction Technology is a tool that helps traditional…

Local whisky producers are confident that they can continue to meet the demand for luxury goods despite a general decline in demand. The US is the biggest market for Scotch Whisky. Annabel Thomas is not discouraged by the softening of…

The term "asteroid mining" might sound like something out of science fiction, conjuring up images of workers hacking at floating rock fragments in a galaxy in the distant future, or perhaps in some time or century, but it is a "science…

Vertical Aerospace, an electric flying taxi company, received $50 million from its founder in order to stay airborne. Stephen Fitzpatrick is the Northern Irish businessman behind Ovo Energy. He will invest $25 million in equity capital…

In its latest round of funding, a start-up company that clones people's voice was valued at over $1 billion. This investment came from Silicon Valley heavyweights Andreessen Horowitz as well as Sequoia Capital. ElevenLabs converts…

The Japanese economy seemed to have no limits in the 1980s. The economy grew rapidly, with a peak growth rate of 6.7% in 1988. This was a result of the robust expansion of the 1960s and 70s. Land in Tokyo can cost up to four times as much…

British Steel is expected to suffer increased losses due to the rising energy and raw materials prices following Russia's invasion in Ukraine. In its delayed 2021 accounts, published just last week, Britain's second largest steelmaker…

Rightmove is one of the stocks that have suffered as a result of bearish brokers squeezing in. Investors reacted negatively to JP Morgan's concern about the profitability of the group if they need to defend their dominance on the market.…

A senior International Monetary Fund official warned that "exuberant" investor optimism could undermine hopes for a soft landing of the global economy. Gita Gopiath, the deputy managing director, said to delegates attending the World…

According to the top executive of the project, there is no guarantee that the cost will not increase further. Sir Jon Thompson, the chair of HS2 told MPs that the official estimate of what is left of the controversial project was between…