Business

Nationwide Building Society reached an agreement with Virgin Money to purchase it for £2.9bn. This deal would make Virgin Money a stronger competitor to the UK’s largest banks. After a failed attempt to enter business banking during the…

William Hill's owner is considering leaving the US gambling market because of "intense" competition and high operating costs. 888 announced that it has ended its partnership, which was with Authentic Brands Group (owner of Sports…

Antonio Simoes told his colleagues in the weeks leading up to his formal debut as the new Chief Executive of Legal & General to the City that he has three priorities: To listen, listen, listen. He has stated that his parents worked…

The Falkland Islands government has selected the shipyard responsible for building the Titanic as its preferred bidder to win a £120million contract for a new Falkland Island port. The Falkland Islands government selected Harland &…

IWG, the owner of Regus serviced offices, saw its revenues reach a record £3.34billion last year, as it benefited from the increasing popularity of hybrid work. Mark Dixon, IWG’s CEO and founder, stated that more people are returning to…

Berenberg has issued a call to investors who have suffered for BT. Berenberg questioned whether the shares of the telecoms company, which had fallen 15 percent since the beginning of the year, were too low. The mood at BT is tense. There…

Apple was fined €1.8billion (£1.54billion) by European regulators because it stifled competition from rival music streaming services. Spotify has won a major victory in the long-running battle with Apple regarding rules that were placed…

Morgan Stanley's executive who is at the heart of the legal dispute with Mike Ashley said that he didn't want to do any business with Ashley because he was worried it would harm the bank’s reputation. Simon Smith has denied having a…

Swisscom and Vodafone are in exclusive negotiations to sell their struggling Italian business to each other for €8 billion. The telecoms group has confirmed that it has held "extensive" talks with "several different parties" in order to…

Scott Poole has been selling his company's products on Amazon for 15 years. The partnership helped him grow the business so that it now makes up to £4million in annual sales. He said, "We had a great relationship." "Until January." The…

Smith & Nephew's revival is taking hold, according to the chief executive of the FTSE 100 medical products maker after it posted better-than expected fourth-quarter financial results. The underlying revenue increased by 6.4 percent…

Thames Water wants to avoid having to pay billions of pounds in taxpayer bailouts. It is lobbying government officials and the industry regulator Ofwat for permission to increase its bills, pay dividends, and lower fines. The…

Nvidia, the US chipmaker, has a market capitalization of $2tn as it capitalizes on artificial intelligence boom. The company has already surpassed Alphabet (the owner of Google, YouTube and Amazon) and Amazon to become the third-largest…

Summer holidays are just a few months away for millions of sun-starved Britons. Many Britons will be flying to sunspots in the Mediterranean on single-aisle aircraft, the workhorses that make up the modern aviation fleet. Rolls-Royce is…

Anglo American's net profit fell by 94 percent to $283 millions last year due to lower metal and diamond prices. The FTSE-100 miner suffered a disastrous year, as markets for PGMs and diamonds collapsed. It also unexpectedly lowered its…

The administrators of the Britishvolt project, which was canceled due to financial problems, have stated that they are still trying to collect money from the Australian purchaser and are looking at other possible deals. According to EY,…

Vladimir Putin was effusive late last year after Gazprom reported record sales to China, telling chief executive and longtime ally Alexei Miller: "This is great, I congratulate you on the results of your work." But the Russian…

Abrdn struggles to show that everything is on track seven years after the merger of £11bn. After Stephen Bird informed a group angry money managers their bonuses wouldn't be distributed "like peanutbutter", the newly-in charge company…