Business

British hospitality businesses are entering survival mode following a staggering £3 billion surge in tax and wage costs imposed by last week's budget, industry leaders have warned. The severity of the situation became apparent during a…

A controversial scheme enabling company directors to shed millions in debt obligations continues to operate despite government intervention to shut it down. The Atherton scheme, marketed as a "legal alternative to using insolvency…

The chief executive of Barclays, CS Venkatakrishnan, has mounted a strong defence of Rachel Reeves' tax-raising Budget, claiming the UK chancellor delivered an "admirable job" of harmonising spending, borrowing and taxation, despite…

British luxury automaker Aston Martin Lagonda continues to face significant operational challenges, with the company reporting persistent losses and declining performance across key metrics. The iconic manufacturer is currently consuming…

Microsoft's substantial investment in artificial intelligence technology has yielded impressive returns, with quarterly sales climbing 16 per cent to £65.6 billion, surpassing Wall Street's expectations. The tech giant's Azure cloud…

In a decisive move to counter declining customer traffic, Starbucks' newly appointed CEO Brian Niccol has revealed a comprehensive strategy focusing on traditional coffee house values and simplified operations. The world's largest coffee…

British alternative milk manufacturer Rude Health has been acquired by Finnish food company Oddlygood, a spin-off from dairy powerhouse Valio, in a strategic move that positions both firms for significant market expansion. The deal,…

Volkswagen will close at least three German factories, eliminate tens thousands of jobs, and cut pay by 10%, said the top employee representative of the company on Monday. The restructuring will be the first time in the 87 years of the…

Disney on Ice will be coming to Everett this week. Mickey Mouse, Donald Duck and other Disney characters will perform at the Angel of the Winds arena in Everett. The cast at the stadium on Wednesday was a far cry from the one that appeared…

Investors have sold their shares in Britain's Aim Stock Market due to fears of an IHT raid. Aim shares, which are intended to encourage small business investment, are exempted from inheritance tax if the owner holds them for at least two…

EssilorLuxottica expressed "full support' to Chief Strategy Officer Leonardo Maria Del Vecchio - the late founding father's son - after Milanese authorities placed him under investigation in a vast probe into alleged illegal trafficking of…

Anglo American could be pushed to further reduce its diamond production this year by a fall in luxury consumer spending, which would complicate plans for the sale or stock exchange flotation of trophy business. Anglo American stated that…

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 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…

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 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 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 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…