Companies

Spirent Communications, a London-listed company, has become the latest target for a takeover after its board backed a £1billion offer from an American competitor. Viavi Solutions' all-cash bid for the FTSE 250 tech group was a good…

The Falkland Islands government has selected the shipyard responsible for building the Titanic as its preferred bidder to win a £120million contract for a new Falkland Island port. The Falkland Islands government selected Harland &…

IWG, the owner of Regus serviced offices, saw its revenues reach a record £3.34billion last year, as it benefited from the increasing popularity of hybrid work. Mark Dixon, IWG’s CEO and founder, stated that more people are returning to…

Aviva returns to the largest insurance market in the world after nearly a quarter of century with a £242million deal to buy the Lloyd's of London competitor Probitas. The FTSE100 company stated that the Lloyd's Market represented "a…

The Body Shop administrators are closing dozens stores, despite the fact that they were profitable. The Body Shop collapsed dramatically last month, just weeks after being acquired by private equity firm Aurelius. FRP administrators have…

Jeremy Hunt's attempt to convince Shein , a Chinese fast fashion company, to list in London faces opposition from some British retailers' biggest stores. High street leaders have been lobbying ministers about Shein's alleged abuse of tax…

Mike Ashley's Frasers Group bought out the administration of online bicycle retailer Wiggle as the retail giant continued to capitalize on the distress coursing throughout the industry. Frasers, owner of Sports Direct has reached an…

Aston Martin Lagonda will have to wait a little longer to reach profitability and an electrified future after it revealed it missed its production targets, which were already revised downwards, for 2023. Lawrence Stroll, the executive…

Pension funds are piling into UK corporate bonds, encouraging some French and German companies to issue sterling debt for the first time. The UK's £1.4tn "defined benefit" pensions industry has been switching to corporate debt for its…

Christian Scherer, Airbus's chief executive officer, has pioneering in his blood. Christian Scherer, the man who runs the world's largest aircraft manufacturer, was only ten years old when he saw his father fly Airbus's very first aircraft…

Airbus expects to deliver about 800 planes this year, 65 more than last year, it said on Thursday as it reported an increase in profits and strengthened its position as the world's largest aircraft-maker. The European aerospace company…

Blackstone has halted plans to sell the Canary Wharf tower for £250m as companies and investors shun office space within the financial district. A US private equity company had exclusive discussions with an Asian investor to sell Cargo…

Financial regulator warns City firms of the danger posed by organised criminal groups that seek to manipulate markets. It has revealed it made three arrests as part of a "major" operation. The Financial Conduct Authority announced that…

A supplier of parent company Volkswagen discovered a Chinese component in Porsche, Bentley, and Audi vehicles that violated laws against forced labour. Two people who are familiar with the situation say that the automaker is delaying the…

Glencore has stopped its Koniambo Nickel project in New Caledonia after investing $4 billion since 2013 without making a profit. The FTSE-100 miner and commodities dealer said that it would cease operations on the South Pacific island…

The logistics company of the Barclay family has been merged into the startup that purchased Tuffnells from administration last year. Yodel is one of Britain's largest parcels delivery services. It will combine with Shift to exit the…

It has been revealed that the executives at Fujitsu collected around £37m as compensation, bonuses, and pay since they won the contract for the supply of the software at the center of the Post Office Horizon scam. Accounting records…

EY piled more than $700mn of extra debt on to its global operating business to deal with the costs of the failed plan to spin off its consulting arm, according to newly filed accounts. The figures, made public at the UK’s Companies House…