Elon Musk announced on Tuesday that X and SpaceX would be moving their headquarters to Texas in response to a gender identity law passed by California. This is a major
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Ocado’s boss said that the company is committed to its London listing, even though it was relegated earlier this year from the FTSE 100. Tim Steiner said that he did
Carpetright is for sale, which could result in hundreds of closures of stores and the loss thousands jobs. PwC has been appointed to launch the formal sale process by the
Water companies and regulators are at odds over a £16-billion cut in infrastructure spending, while households see their water bills rise by £94. Ofwat is accused of sabotaging efforts to
Shein, an online fast fashion group planning to list in London, has launched a €200mn “circularity fund” that, according to its executive chair, will address fashion waste. This comes amid
Saudi Aramco, the world’s biggest oil company, is betting that the internal combustion engines will last for “a very, very long time”. The company sees a potential business opportunity in
Ocado Group is planning to build a robotic third warehouse with its Japanese retail partners. The online supermarket group and technology company announced that it would expand its partnership with
Royal Mail is preparing to reduce more freight flights this month. Martin Seidenberg is the CEO of International Distribution Services and plans to “make the biggest network change in twenty
The employee share scheme of Britain’s largest supermarket chain is set to pay out more than £30million in total. Tesco announced that over 20,000 employees, who work mainly in its
Marks & Spencer faces shareholder concerns over its annual dividend of just 3p, despite paying millions of pounds to its top executives in bonuses. At the retailer’s annual meeting, held
Boeing has agreed with Spirit AeroSystems to purchase the company in an all-shares deal worth $4.7 billion as it attempts to overcome its production crisis. Spirit, a Boeing spin-off from
The proposed Japanese takeover by Graphcore of the British artificial-intelligence company is being reviewed for national security reasons amid concerns that foreign investors are targeting UK technology. SoftBank, a Tokyo-based
Tata Steel is facing a £500-million loss from its shocking decision to close its Port Talbot plant earlier than planned. The bosses are scrambling to reach a last-minute deal. The
Nursery and garden centres in Britain and Europe warned that the new border posts after Brexit are not functioning properly, causing delays, damage, and extra costs to importers of plants.
Boots, the struggling US-owned chemist chain, has for the second consecutive time abandoned plans to sell its multi-billion pound assets. This puts the high street chemist in danger of further
In an apparent effort to appease investors unhappy with BP ‘s green goals, the head of BP imposed a hiring ban and halted all new offshore wind projects. Murray Auchincloss
