Companies

Former Oxford academic filed a class-action lawsuit in the US style against Severn Trent - one of Britain's largest water companies - for allegedly not reporting sewage spills to authorities and charging customers too much. Carolyn…

The UK discount retailer Wilko is in danger of bankruptcy unless it can find a last minute buyer or investor due to "increasing cash pressures". The chain, with 400 stores and 12,000 employees, announced on Thursday that they had filed…

Uber announced its first operating loss on Tuesday, but a better cost control strategy has helped the company turn the corner after years of spending heavily in an ill-advised bid for growth. The long awaited landmark was revealed after…

Wizz Air's plans to extend the time period for the chief executive to unlock the £100mn bonus by two years has triggered backlash, as the airline struggles with a depressed stock price and the aftermath of a regulatory warning over its…

Michael Klein, a Wall Street trader, has made public in New York an investment group from the UK that owns a business for plumbing supplies, a diesel generator expert and a supplier of forklift trucks. The deal that valued Cheshire-based…

The largest accounting firms in the world are fighting against new rules that force them to be more responsible for rooting fraud out of the companies they audit. They are trying to convince their clients that the Public Company…

Microsoft is moving closer to its $75bn acquisition of Activision Blizzard, after a US Federal judge rejected the Federal Trade Commission’s attempt to stop the deal. The UK's Competition Watchdog also signaled that it would be open to…

The Competition Commission has opened an investigation into the merger of Vodafone and Three in Britain, which was long anticipated. This will create Britain's largest mobile operator. Margherita Della Vale, Vodafone's newly-promoted…

Vodafone and Three's owner CK Hutchison warned that vital investment in 5G networks would be curtailed unless the regulators allowed them to merge into one of the UK's biggest operators. The plan announced on Wednesday will create a…

Sainsbury's, Asda and the Competition Watchdog have both been accused of breaking land-use laws in order to prevent rivals from opening up shops near their stores. The Competition and Markets Authority (CMA) has ordered supermarkets to…

Investors have invested £2bn in converting London offices to new uses as the shift towards working from home has reshaped the market. CBRE, a real estate advisor, reports that since the beginning of last year, buyers have purchased…

The Barclay family is fighting to hold on to The Spectator magazine and Telegraph newspaper. Sir Paul Marshall, the hedge fund tycoon, is one of the billionaires who are circling The Spectator. Lloyds Banking Group placed Barclays…

Asda owners use the proceeds from an asset sale to fund the supermarket's contribution to the takeover of EG Group. Another business they own. This is the latest example of their financial engineering, which has allowed them limit their…

The largest takeover in Britain this year has been the agreement by a Swedish private equity firm to purchase Dechra Pharmaceuticals, for £4.46billion. After a recent profit warning , the London-listed veterinary product maker advised…