Companies

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…

Elliott Management, a US hedge fund, has bought the bonds of the troubled British utility Thames Water in an attempt to bet the markets are too pessimistic about the losses investors might have to bear. Elliott has built up a position on…

Where is Selfridges second largest store? "Is it in Birmingham, or Manchester?" asked one of Central Group's executive directors. Central Group is the Thai conglomerate which co-owns this historic department store chain. It is a strange…

A leading fund manager said that it might take a bid to buy a large UK blue-chip company to awaken investors to the value of the London stock market, which is oversold. Nick Train, a well-known stock picker, once said: "Sometimes, you…

Daniel Kretinsky, however, was not one of those people. He had his work on his mind as he stretched out on a lounger on holiday. The "Czech Sphinx", who was on holiday, picked up the phone and dialed Keith Williams. He then made a…

Daniel Kretinsky wants to take full control of the parent company IDS, which is responsible for the postal service Royal Mail has rejected a takeover offer from billionaire Daniel Kretinsky of the Czech Republic, as the 500 year old…

After a dramatic drop in Champagne sales, the owner of Moet & Chandon and Krug has a post-pandemic 'hangover. LVMH, a French luxury goods company, saw its wine and spirits sales plummet 16pc to €1.4bn ($1.2bn), during the first…