Shell sold off its remaining chemical assets at Singapore as part of a recent effort to streamline operations and divest less profitable parts. Glencore, the commodities group and Chandra Asri,
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A company controlled Sir Paul Marshall, a hedge fund manager, lost a court battle with the South African Government over silver bars worth $43mn recovered from an Indian Ocean wreckage
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,
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.
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
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
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
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,
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
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
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
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
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
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
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
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
