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 –
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Shell, a London-listed competitor of BP, has reported better-than-expected profits and extended its multi-billion dollar share buyback program. The adjusted profits of Europe’s largest oil and gas company increased by
BDO and Forvis Mazars were warned they could be banned from signing the accounts of their largest clients if their quality of audit work doesn’t improve. The Financial Reporting Council
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
Spotify, the world’s largest music streaming service, has seen its shares rise sharply after it announced that it had more paying subscribers in the second quarter than expected. After the
Tesla’s second quarter profit dropped 45 percent compared to a year earlier as global electric car sales continued their decline despite price reductions and low-interest finance. The Texas-based firm said
Informa agreed to purchase the rival event specialist Ascential, for £1.16 billion. This deal has given a boost to the City’s dealmaking. Ascential’s board has approved the cash offer of
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.
Lockheed Martin’s sales target has been raised for the entire year due to strong demand for fighter jets and its missiles, which helped the performance in the second quarter exceed
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
Cohere, an artificial intelligence company, has raised $500mn through a new round of funding, making it the most valuable start-up in the world. This will help the Canadian firm to
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.
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
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.
Facebook’s Meta explored the possibility of investing multi-billions in EssilorLuxottica as it intensifies its efforts to develop smart eyewear. Multiple people familiar with the company’s thinking have confirmed that it
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
