Business

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…

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, 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…

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…

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…

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…

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…

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…

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 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, 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 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…

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,…

Over 40 companies, including Ocado and the AA, have called for the Mayor of London not to expand the congestion charge on electric vans. Christmas Day 2025 will see drivers of electric cars in central London paying the same £15 per day…

The Czech government has taken a small stake in the Rolls Royce SMR consortium. This consortium hopes to build and market fleets of nuclear reactors in order to meet the increasing demand for energy in 2030s. The Czech Republic announced…

Stefano Vaccino gave a blunt appraisal of the risks involved in starting a new business. "As founders we left our secure jobs to take risks, put our own lives and the lives of our families at risk, and put our savings on line." In 2017,…

AO World has acquired a gadget seller that was valued at more than £200million by public market investors. The City is continuing to suffer losses on the ill-fated floats in 2021. AO World agreed to purchase electronics company…