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Business
Tesla shares jump 22% after Elon Musk forecasts a sales rebound
Tesla shares posted their largest one-day increase since 2013, after the world's biggest electric vehicle manufacturer reported a higher than expected quarter profit. The company also forecasted "slight growth in deliveries" this year, and…
Reckitt boss is ‘open-minded” about reaching a settlement on baby milk cases
Reckitt Benckiser's chief executive has said that the FTSE100 consumer goods group would be open to settling US safety lawsuits filed against its premature baby formula in order to smooth a potential sale of its nutrition division.
In…
Watches of Switzerland is urged by an activist to relocate their listing from New York to New York
Gatemore Capital Management, an activist investor, has called on Watches of Switzerland (formerly Watches of Switzerland) to move to New York and join the exodus of London listed companies.
Gatemore, the company that holds 1.9 million…
Heathrow considers dividend payment as passenger traffic reaches record levels
Heathrow is predicting a "probable return" to dividends following four years of dry spells. A summer of music, sport and entertainment helped lift passenger numbers to record highs.
In the nine months leading up to September 30, Europe's…
Boeing blames its $6bn loss on’serious performance failures’
Boeing announced a $6bn loss for the quarter and warned that it would continue bleeding cash. The new CEO Kelly Ortberg said the plane maker had to overhaul its culture in order to end the multi-year crisis which has shaken customers' and…
Sky’s losses for the full year doubled to £224m, as revenues flatline
Sky's annual losses doubled last year, as it spent more money on programming and related costs for its broadband services. It also increased its expenditures on hardware like mobile devices and Sky glass TVs.
The company, which internet…
Microsoft’s Whitehall deal raises concerns about conflict of interest
Microsoft signed a 5-year product agreement for the British Government, as the Labour government deepens ties with this giant technology group whose UK CEO has been appointed to head an influential new industry body.
Microsoft and Crown…
Blackstone will list its largest investments
Blackstone, world's biggest private capital firm is planning to list its largest investments, a move that could reignite IPO markets.
Jonathan Gray, the president of New York's listed investment giant, spoke today to Wall Street to give…
Activist hails ‘great price’ as De La Rue agrees £300m sale
De La Rue's shares, the embattled printer of banknotes, soared after it reached a deal conditional to sell its division of authentication for £300million. The proceeds from the sale will be used to reduce group debts and fund the…
Vauxhall to decide on UK plant future ‘in the next few weeks’
Owners of Vauxhall Citroen Peugeot have said that a decision on the future of their UK plants will be taken "in the coming weeks" amid a dispute over government electric car quotas. Carlos Tavares has announced that Stellantis is close to…
Dovid Efune has six weeks to seal Telegraph deal
The owner of The New York Sun is in exclusive negotiations to purchase The Daily Telegraph and The Sunday Telegraph. He wants to finalise the financing of a bid worth more than £500million.
Dovid Efune secured exclusive six-week talks to…
P&O Ferries is not rogue says Business Secretary after Cabinet rift
The business secretary said that P&O Ferries was not a "rogue" operator. This came as the government tried to put an end to the damaging controversy which has been raging in the lead-up to the international investment summit scheduled…
After raid on Bristol caravan site, Uber Eats and Deliveroo are being investigated.
The Home Office has been accused by migrants living in an encampment of caravans raided and seized by immigration officers of targeting victims of labour exploitation, rather than the companies that profit from the hidden economic.
In…
Exclusive talks between Harland & Wolff and Spanish shipbuilder Navantia to purchase Harland…
Navantia, a Spanish shipbuilding company, is currently in exclusive talks to purchase Harland & Wolff. This shipyard in Belfast, which built the Titanic ship, could save up to 1,000 jobs. The group is believed to be able to take over…
London City Airport owners pump in £130m to deal with business travel slump
London City Airport owners have invested £130 million in new equity to gain a reprieve for lenders amid a long-term slump in business travel.
In April, a trio of Canadian pension funds - AIMCo and OMERS, as well as Ontario Teachers'…
Pockit purchases Monese in order to serve the “unbanked”
Pockit, a business that provides financial services to the "unbanked", acquired Monese from HSBC, resulting in a combined company serving three million clients. Monese, supported by UK taxpayers through the Future Fund scheme, was…
Imperial Brands shareholder returns reach £2.8bn as tobacco prices rise
Imperial Brands will increase shareholder returns to £2.8 billion next year after continuing to generate huge amounts of cash through price increases.
The FTSE 100 company that makes JPS and L&B cigarettes reported trading in line…
Barclay family is on the verge of losing their control over Very Group
Very Group's ownership by the Barclay family is being reviewed as their corporate empire continues its decline following a £1.2billion debt deal with a Joint Venture backed by funds from the United Arab Emirates.
Barclays JP Morgan,…