Business

GB News said that it was "closely" monitoring Elon Musk’s lawsuit against advertisers as a sign that it was preparing to file a lawsuit against brands who suspend advertising. Musk has threatened legal action after revealing on Tuesday…

Boohoo, a fast fashion retailer in London's Soho, is looking to sell its London office as it tries to improve its balance sheet. According to sources in the market, the troubled retailer is looking for offers around £60m (£60m) for its…

The Royal Mint unveiled an "innovative" factory which will recover gold from electronic scrap, allowing the manufacturer to create a sustainable source of precious metals for its luxury jewellery collection. The factory, located in south…

Jaguar Land Rover is one of a number of luxury carmakers that have been severely affected by the flooding in Switzerland, which paralyzed a leading aluminium manufacturer. After Novelis - an Indian manufacturer with a mill located in the…

Chip designer Arm Holdings on Wednesday reported a stronger-than-expected 39% surge in quarterly revenue, and forecast fiscal second-quarter sales broadly in line with Wall Street estimates, yet its shares fell about 9% in extended trading.…

Boeing named aerospace industry veteran Robert "Kelly" Ortberg its new President and CEO, as it fights to repair and shore up the business. The company is facing its biggest safety crisis ever since the deadly crashes of 2018, and 2019,…

Prada, the Italian luxury fashion company, defied the slowdown in the luxury sector by reporting double-digit revenue increases in the first six months of the year. This was fueled by the booming sales of its Miu Miu brand and an increase…

The Italian Financial Police seized €121mn (about $113m) from an Amazon unit in Milan after the ecommerce company was accused of tax fraud and labor malpractices within its logistics network. In an order authorizing the seizure on…

Abu Dhabi's sovereign fund has taken control of Bugaboo - a designer pushchair company - from its private equity owners. Mubadala Capital - which is headed by Manchester City owner Sheikh Mansour - announced on Monday that it had…

Evelyn Partners is one of Britain's biggest wealth management firms. The private equity company that owns it, Evelyn Partners PLC, is looking at options to reduce its £1.5 billion investment. Permira has begun contacting advisers in…

Rentokil Initial, a FTSE 100 pest-control empire owned by Rentokil Initial's former boss at BT, is being targeted for a takeover bid backed by private equity. Philip Jansen has been in discussions with private equity firms about a plan…

Grant Thornton’s US business is in talks to buy the UK and Irish affiliates of the accounting group. This would be the largest M&A transaction in the industry to date. Grant Thornton US announced a transatlantic merger after selling…

Netflix's second-quarter revenue and earnings exceeded Wall Street expectations thanks to the success of shows like Bridgerton and Baby Reindeer . The number of new subscribers was the highest in a quarter two since 2020 when Netflix…

Skin, one the UK's biggest plastic surgery providers, with over 70 branches, collapsed. This has put hundreds of jobs in danger. Skin's website was replaced at 5pm on the Tuesday with a message stating that "the company has undertaken an…

Elon Musk announced on Tuesday that X and SpaceX would be moving their headquarters to Texas in response to a gender identity law passed by California. This is a major blow to Silicon Valley, as the billionaire has been at odds with…

Ocado's boss said that the company is committed to its London listing, even though it was relegated earlier this year from the FTSE 100. Tim Steiner said that he did not plan to take the online grocery group private or move its listing…

Morgan Stanley's investment bankers and traders have helped to boost the company's quarterly profits, which has offset a decline in its wealth management business. The bank's CEO, Ted Pick, said that the trading of equities, and fixed…

Thomas Jefferson said that good beer "softens tempers, cheers up the spirit, and promotes health". This could also help solve the prison crisis in Britain. Craft brewery that employs ex-convicts to train them in ale-making is proving to…