Companies

According to research, the Scotch Whisky industry contributed more than £7 billion in one year to the UK's economy and supported 66,000 jobs. The Scotch Whisky Association trade body said that 41,000 direct and indirectly jobs were…

Ocado’s boss said that customers returning to online grocery shopping following a post pandemic decline, helped the retail division of Ocado return to profitability. It also enjoyed a record-breaking Christmas. Hannah Gibson, CEO of…

As part of a restructuring, the UK's largest nightclub company plans to bring in administrators. This could lead to venues closing permanently. Rekom UK owns Atik, Pryzm and other brands. The company said that the sector had experienced…

Amundi, Europe's biggest asset manager, has joined 26 investors in demanding Shell improves its environmental targets during its annual meeting. This is the largest shareholder push for climate policy that the oil and gas company faces.…

Sainsbury's may have enjoyed a roaring Christmas, but its clothing and general merchandise divisions had a disappointing festive performance. The second largest supermarket chain in Britain increased its sales 7.4% in the 16-week period…

Pennon, listed owner of South West Water, has bailed out a privatised supplier of some of England's wealthiest addresses. Sutton and East Surrey Water, one of the nation's most financially distressed water providers, was placed on a…

Shell will be forced to cut up to $4.5billion off the value several assets in Singapore, primarily its refining and chemical facilities. The London-listed oil giant is expected to take the impairment charge for its final three months…

Carta, the $7.4 billion software company that helps start-ups track their investors' investments, is attempting to trade its customer's shares without consent. This complaint threatens to undermine confidence in this widely used platform.…

Regis Schultz began his Thursday with a bike ride through Manchester, wearing his new Nike Tech Fleece. The JD Sports chief executive purchased the jacket for £120 in November to protect him against the windy north. The mild-mannered…

The weekend saw a dispute over a record £2bn payment of dividends to the owners and shareholders of Three, the telecoms company. It was claimed that this huge payout was proof that the company was profiteering. The Unite union claimed…

As part of landmark tax reforms, big multinational companies will be subjected to a global tax minimum for the first ever on Monday. The aim is to generate an extra $220 billion in revenue annually. Nearly three years after 140 nations…

Royal Mail plans to introduce parcel lockers, which will enable people to collect their online orders from anywhere in the UK. The company is racing to keep up with competitors such as Amazon. Nick Landon told reporters that the chief…

The boss of Thames Water, a struggling utility company, has admitted that the company does not have the money to repay its debts before a deadline looms. The UK's biggest water supplier has £1.4bn in external debt due in the next few…

The British Chamber of Commerce stated on Tuesday that UK businesses in China view 2024 as "a pivotal year" where Beijing will address the growing concerns about its faltering economy and investment climate. Beijing-based Chamber of…

Cevian Capital, one of Europe's biggest activist investors, has seen gains of nearly 20 percent this year. This is due to the performance of building materials company CRH which switched its primary listing from London to New York this…

Nvidia is the most valuable chipmaker in the world. It has invested heavily in AI start-ups to capitalize on its dominant position as a processor provider. Nvidia, based in Silicon Valley, announced on Monday that it had invested "more…

EY is considering abandoning its London headquarters, the latest sign that office life is deteriorating as more people work from home. After launching an office property review at its More London location near London Bridge, the Big…

The UK boutique chain's founding directors received a sweet £280mn payout from Mars' acquisition of Hotel Chocolat last week. The acquisition also filled in a gap in the brand mix of the US-owned confectionery giant. As governments…