Business

A fund headed by former UK chancellor George Osborne, and supported by the Agnelli family of Italy, has increased its stakes in Ocado's online supermarket and robotics business to more than 5 percent. Lingotto Investment Management is a…

Hunter's Wellington Boots were the only product that united Britain, from the Royal Family to Pop Stars and the Countryside to the City. $175 tall wellies are the classic rain boots that can be worn to a music festival, or even just for…

Robust demand for cruises at Saga have helped the group focused on the over-50s to offset tougher conditions at its insurance division. Euan Sutherland, Saga's chief executive, said its ocean cruises had enjoyed "strong bookings", with…

In response to concerns about Chinese interference, Italy stripped Sinochem's influence as the largest shareholder of Pirelli. It removed its right to nominate the CEO or to set the strategy for the tyremaker. The government of Giorgia…

AstraZeneca is planning to separate its China business from the rest of the company and list it separately on Hong Kong's stock exchange. This will protect AstraZeneca against rising geopolitical tensions. Three people who are familiar…

The Competition Commission has opened an investigation into the merger of Vodafone and Three in Britain, which was long anticipated. This will create Britain's largest mobile operator. Margherita Della Vale, Vodafone's newly-promoted…

Vodafone and Three's owner CK Hutchison warned that vital investment in 5G networks would be curtailed unless the regulators allowed them to merge into one of the UK's biggest operators. The plan announced on Wednesday will create a…

JPMorgan Chase has agreed to pay up to $290mn to settle one of two bombshell lawsuits over its 15-year relationship with Jeffrey Epstein, which accused the bank of profiting from human trafficking by ignoring multiple internal warnings…

Investors have invested £2bn in converting London offices to new uses as the shift towards working from home has reshaped the market. CBRE, a real estate advisor, reports that since the beginning of last year, buyers have purchased…

Goldman Sachs' and Morgan Stanley's chief executives said that they saw "green shoots" within their struggling investment banking business, which had implemented mass dismissals due to higher interest rates. Wall Street firms have been…

The Barclay family is fighting to hold on to The Spectator magazine and Telegraph newspaper. Sir Paul Marshall, the hedge fund tycoon, is one of the billionaires who are circling The Spectator. Lloyds Banking Group placed Barclays…

Aidan Barclay named his first superyacht the Enigma when he bought it from Oracle founder Larry Ellison. Aidan Barclay had just been named chairman of the Telegraph Media Group, in the summer 2004. It was difficult not to view the…

Travelodge's owner is preparing the chain of budget hotels for a possible sale of more than £1 billion, based on a strong domestic travel recovery. GoldenTree American hedge fund, which acquired Travelodge back in 2012, is meeting with…

Walter Robb, the former co-chief executive of Whole Foods in February 2021 described the gradual shift by consumers from meat-based products to plant-based ones as a "megatrend similar to digitisation", potentially "the largest single trend…

FirstGroup shares, the Aberdeen-based bus and train company, rose more than 17 percent on Thursday, after the company reported results that were well above market expectations despite losing a major rail contract. FirstGroup's…

There's no way to know which companies will use the technology best or how they'll get their customers to pay. Artificial Intelligence is finally bringing back to life moribund software companies. Wall Street has spent the year…

Around half of the largest companies in the world plan to reduce their office space within the next few year as they adapt to the new hybrid working era. Knight Frank, a property agent, surveyed 350 executives from 350 companies. While…

Former GVC Chief joins UK gambling group to buy stakes in vehicle buying  .An investment vehicle backed by a host of former board directors of gambling group GVC, including onetime chief executive Kenny Alexander, has taken a 6.5 per cent…