After accepting a £378million offer from a Belgian group of self-storage, it appears that Lok’nStore will be the next British firm to be acquired by an overseas competitor. Shurgard’s offer
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Tesco will give a “thank-you” bonus to more than 220,000 workers after the profits of the supermarket rose by nearly 160 percent last year. The largest private employer in Britain
Macquarie, a financial group based in Australia, is a member of the consortium that lends to Thames Water parent company Kemble Water Finance. The fate of the struggling utility could
Taiwan Semiconductor Manufacturing Co., the world’s largest chipmaker, has agreed that its most advanced products will be made in Arizona starting in 2028. This is a major boost for White
The UK’s largest long-term retirement and savings business has drawn up plans for a new superfund that will support fast-growing businesses as a boost to Jeremy Hunt. Phoenix, the company
Hedge funds are swooping on the UK’s £200bn Investment Trust sector, which is being shunned and undercut by cheaper competitors. Investment Trusts have been a cornerstone in UK equity markets
Rolls-Royce has started flight testing on its most powerful and environmentally friendly business jet engine. The Pearl 10X is a new engine developed specifically for the Dassault Falcon 10X. This
Chinese tea buyers have disrupted a heated trade dispute between Nepal and India, which has led to the introduction of counterfeit Darjeeling tea into teapots that were not expecting it.
Shein, an online fast-fashion company, has seen its profit more than double as it waits for Beijing’s approval to list its blockbuster in New York or London. Shein has recorded
As Paddy Power prepares to move its primary listing to New York, the Paddy Power owner wants to convert its rapidly growing US customer base to shareholders. In January, the
Hong Kong is losing out to competitors in south-east Asia and mainland China in terms of seaborne cargo volume. Drewry, a maritime consultancy, says that the container throughput in Hong
If the grocery store can break free from its UK roots, a lucrative future awaits. Tim Steiner, Ocado’s chief executive officer, praised the £750m partnership with Marks & Spencer as
Morrisons reported widening losses for the first quarter, after being weighed down with debt financing costs related to its private equity acquisition. The supermarket chain reported pre-tax losses in the
According to sources familiar with the situation, Formula One owner Liberty Media has exclusive negotiations to purchase the company that owns MotoGP. This would bring together the two elite racing
After the collapse of the Francis Scott Key Bridge in Baltimore, carmakers have announced that they will be rerouting shipments to other cities. Insurers have also warned of claims worth
Emad Mostaque has left Stability AI. The pioneering start-up that he founded in order to create images at will. Mostaque was gifted and talented. He formed StabilityAI in order to
