Business

After a number of failures, a leading British household electricity supplier wants to reverse new rules that were intended to boost the financial resilience of suppliers. Utilita has around 800,000 clients and argues the regulator…

Foreign investors sold record amounts of Chinese shares in August, as Beijing's piecemeal measures to support the economy failed to ease concerns about the slowing growth and the worsening property crisis. The unprecedented outflows…

Goldman Sachs used a fund created with Chinese state funds to purchase a number of US and UK businesses, including one that has a cyber-security business and provides services to British government. This is happening as tensions between…

SoftBank's chip designer Arm, which is owned by SoftBank, has begun the countdown for the largest US initial public offering (IPO) in nearly two years. The company unveiled a preliminary prospectus to be listed on Nasdaq early next month.…

Goldman Sachs has begun exploring the sale of its investment advisory business, which it acquired four year ago. This is a further retreat away from Goldman Sachs' goal to become a major bank for mass-market clients. The Wall Street firm…

WeWork was once valued at $47.5 billion. The company had to merge 40 shares into one on Friday to maintain its stock above $1 in order to avoid delisting from the New York Stock Exchange. Experts suggest that the fall and rise of WeWork…

The UK government will invest £100m in an effort to gain a foothold for the UK on the global stage of producing computer chips that power artificial intelligence. Taxpayer funds will be used to create a national AI resource for Britain…

BAE Systems is moving into the US space domain with the $5.6bn acquisition of Ball Aerospace, a supplier of mission-critical space systems, in one of the biggest takeovers by a UK company this year. Charles Woodburn, chief executive of…

Foreign investors are selling Chinese bonds and stocks after Beijing failed to deliver on its promises of additional help for the economy. According to calculations based on Hong Kong Stock Connect data, investors have reversed almost…

Adyen's shares fell almost 40% on Thursday, after a hiring frenzy and the competition from rivals in the US such as Stripe impacted profits at one Europe's biggest payments companies. The fall knocked €18bn off the market capitalisation…

China Evergrande Group, the real estate giant whose default two years ago accelerated a broader property debt crisis in the country, sought Chapter 15 bankruptcy protection in New York on Thursday. The move protects it from creditors in…

Jamie Oliver is avoiding the UK casual dining sector due to "huge pressures" placed on mid-market restaurant chains, according the CEO of his business interests. He will be returning four years after the collapse of his Italian chain.…

EY rejected the proposal of US private equity group TPG that would have broken up the Big Four and taken a stake in their consulting business. This was revealed by a Wednesday statement to its partners. TPG sent EY a letter in late July…

TPG Capital, a private equity firm, has approached EY to buy a stake in the consulting arm of its company. This would be a second attempt to break up the Big Four. In a letter to TPG's US and global bosses, the company outlined its plan…

CVC Capital Partners is one of Europe's largest buyout groups. According to sources familiar with the situation, the group has revived its plans to list on the stock exchange for several billion euros. This could happen before the year…

The largest accounting firms in the world are fighting against new rules that force them to be more responsible for rooting fraud out of the companies they audit. They are trying to convince their clients that the Public Company…

Aston Martin will raise £210mn through the placement of new shares to pay off a portion of high-interest debt that has crippled the business's finances for the last three years. In 2020, Astontook a $100mn tranche that included a 15%…

Amazon and Microsoft warned that the stranglehold they have on the £15bn market for cloud computing threatens their investment in Britain. This is the latest in a series of tensions between Big Tech and regulators. The rivals…