Companies

ITV reported a complete drop in sales as the production arm of its company, hit by Hollywood's writers and actors strike, overshadowed its more enticing advertising figures. The revenue for Britain's largest commercial free-to-air…

An overseas investor is looking to take advantage of the cheap London market valuations by targeting a FTSE 250 engineering consulting firm. John Wood Group rejected a £1.4billion takeover offer from a smaller competitor, claiming it…

Land Securities, the largest commercial real estate owner in the country, sold the last of its hotels to an investor from the United States. Ares Management, based in Los Angeles, paid £400 million to purchase the 21 hotels located…

The French-owned company with a Derby site that supplied rolling stock to the Elizabeth Line asked its shareholders to contribute €1 billion in order to get back on track. Alstom, the company that operates the historic Litchurch Lane…

Shell sold off its remaining chemical assets at Singapore as part of a recent effort to streamline operations and divest less profitable parts. Glencore, the commodities group and Chandra Asri, an Indonesian chemicals firm, will assume…

A company controlled Sir Paul Marshall, a hedge fund manager, lost a court battle with the South African Government over silver bars worth $43mn recovered from an Indian Ocean wreckage dating back to the second world war. The UK Supreme…

Disney is cutting production of Marvel movies and TV shows amid fears that the demand for their work will be exhausted by so-called super hero fatigue. Bob Iger, Disney CEO, stated that the company will "reduce output" and "focus more on…

Shell reported better than expected profits for the first quarter of the year. The company benefited from an improved performance in oil trading, and a rebound in the refining margins. The largest oil and gas company in Europe reported…

Last year, two Societe Generale Hong Kong traders left the group after the French bank found unauthorised derivatives trading that could have cost it money during a severe downturn in the market. confirmed Tuesday that its compliance…

Grosvenor is the property company of the Duke of Westminster. It has made a large bet on flexible workplaces in order to meet West End tenants' post-Covid needs and increase returns. The group plans to double the size of its flexible…

Shell's oil trading activities in the United States generate about $1 billion per year, according to court documents that provide a rare glimpse into Shell's secrecy trading division. A former Shell employee revealed the figure in court…

Petrofac is under increasing pressure after it announced that it would miss the next bond payment, and delayed its release of annual results. The shares of the oilfield service group, which has been struggling with cashflow, plunged…

Supermarket Income Reit has made its first overseas foray after agreeing to purchase a portfolio Carrefour supermarkets located in France. In a sale and leaseback, the real estate investment trust acquired 17 "strongly performing…

First time, union leaders have agreed to accept the end of six-day letter delivery a week. This will allow Royal Mail to make historic postal service cuts. Royal Mail has faced a number of obstacles in reducing the daily losses it incurs…

Whitehall officials are concerned that the financial collapse of Thames Water could lead to a spike in borrowing costs for the government, not seen since Liz Truss' mini-budget chaos. They are so concerned about the wider impact of…

Hipgnosis Songs Fund is at the center of a bidding war after Apollo-backed US Investment Group Concord beat a rival bid from Blackstone, raising their own offer to $1.5bn. Blackstone over the weekend presented a proposal to its board of…

According to a recent analysis, the valuation of some of London's biggest listed companies could double if they moved to New York. This highlights the benefits for companies who are considering moving their listings from the UK. AJ…

Elon Musk’s SpaceX agreed to purchase a 10% stake in an electronics company founded 47 years ago in the garage of a professor. Filtronic, a County Durham-based company, saw its shares rise by more than 50% after it announced a "strategic…