Companies

Chancay, a coastal town in Peru, was once only known for its pre-Hispanic Inca cultures. Its size made it a popular tourist destination for residents of Lima, the capital city, located 50 miles south. They liked to visit the 19th century…

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…

Unilever's third-quarter sales increased more than expected, as its ice-cream business grew ahead of the spin-off next year. FTSE 100, which includes brands such as Marmite and Dove soap, reported a underlying growth in sales of 4.5…

Many City analysts saw Murray Auchincloss, the Canadian executive who was confirmed as BP's permanent boss by the company in January, as the continuity candidate that would help stabilize the ship following the abrupt departure Bernard…

Mike Ashley, the retail tycoon, has made a bold bid to become CEO of Boohoo. He is pushing for a merger between Asos and the struggling fast fashion retailer. Ashley's Frasers Group's proposal would reshape online fashion retail,…

As part of its strategy for breaking Chinese dominance of the supply chains of essential minerals, the US approved construction of an enormous new lithium mine in Nevada. It also extended tax breaks to certain miners. Ioneer, an…

Mike Ashley's Frasers Group criticised Mulberry's management after it withdrew from its attempt to acquire the luxury handbag manufacturer following a number of rejected bids. Frasers, Mulberry's 2nd largest shareholder, with 37% of the…

Apple has introduced a new feature in Australia which will allow children who receive nude images or videos to report them directly to their company. The company can then report these messages to the police. This change is part of…

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…

Deloitte UK has laid off 250 employees, the third time in 13 months that the Big Four have made redundancies. This move is believed to be aimed at employees in the advisory division of Deloitte who are underperforming. Sources said that…

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…

Goldman Sachs, Apple and the US Consumer Finance Watchdog have been fined more than $89mn for "illegally sidestepping" their obligations towards customers of their joint credit card business. The fines announced Wednesday highlight the…

Starbucks suspended its financial guidance after it released unexpected results showing a drop in revenue and sharp decline in quarterly earnings. The preliminary results were published more than one week before schedule. They are the…

Plans for a total overhaul of the system could prevent water companies in England from making profits. A new commission, set up by the Department for Environment, Food and Rural Affairs, is considering the idea in response to public outrage…

I bought a Tesla Model 3 in June for £42,791. The advert stated that the car had a 318-mile range, but when I charged the battery fully the car's display said only 248 miles. Tesla was able to find out the reason why the advertised range of…

This year, share buybacks at mainland China's largest exchanges reached a new record as Beijing pushed companies to return cash back to shareholders in an effort to revive the flagging stock markets. According to Chinese financial data…

Volkswagen's motor finance division has been fined £5.4m by the City regulator, and will pay more than £21.5m in compensation. This is for its "serious failures" in treating customers in distress. The Financial Conduct Authority…

Unilever's third-quarter sales are expected to grow as it implements a turnaround strategy under the new CEO. According to estimates, the maker of Marmite and Dove is expected to achieve a underlying growth of 4.2% in the last three…