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Volkswagen fined £5.4m after mistreating vulnerable clients
Volkswagen's motor finance division has been fined £5.4m by the City regulator, and will pay more than £21.5m in compensation. This is for its "serious failures" in treating customers in distress.
The Financial Conduct Authority…
Unilever’s sales are set to increase as the turnaround plan shows results
Unilever's third-quarter sales are expected to grow as it implements a turnaround strategy under the new CEO.
According to estimates, the maker of Marmite and Dove is expected to achieve a underlying growth of 4.2% in the last three…
Why Aim could become a self-fulfilling loop
Aim has had a gruesome few weeks. The junior share market, which is lightly regulated and houses 700 British listed companies, is a place of horrors. Rachel Reeves' budget, due next week, could eliminate the inheritance tax exemption, which…
Boeing workers vote on an offer of 35% to end their strike
Striking Boeing employees have been offered a 35% four-year settlement to try and end their industrial action, which has crippled the aircraft manufacturer. It is estimated that the strike costs the company $50 million per day.
The…
Rentokil’s US performance exceeds expectations
Rentokil Initial (FTSE 100), the pest control company, has reported slightly better-than-expected performance in the US, as it continues to integrate Terminix, its North American business acquired in a £4.5 billion deal two years ago.…
Premier Inn wants to return £2bn in dividends to its shareholders
Premier Inn's owner has promised to make a "step-change" in the financial performance of its hotel. It announced plans to return over £2 billion (£1.65 billion) to its shareholders within five years, and to increase profits by £300 million.…
Ryanair misses its target due to delays at Boeing
Ryanair may be forced to carry fewer passengers next year than originally planned due to delays in Boeing's delivery of new aircraft.
Michael O'Leary is the chief executive officer of Ryanair. The low-cost carrier, which is Boeing's…
Airbnb CEO hires experienced hosts to expand the company’s horizons
Airbnb wants to convince millions homeowners to join its travel platform. To do this, it will launch an army of "co-hosts", local people who can help manage the properties.
The San Francisco company announced that it will match people…
The sponsorship of F1 by tobacco companies may lead to addiction among young people
A report from a group of academics and public health organizations claims that the sponsorship of Formula 1 by the tobacco industry could "drive addiction" to nicotine and cigarettes among a younger generation of fans.
According to the…
Tate & Lyle targets for US private equity takeover
Tate & Lyle may become the latest London-listed company to leave the market, after being identified as a potential target by the US private equity firm Advent International.
Advent is preparing a bid to acquire the FTSE 250 Company,…
Activist hails ‘great price’ as De La Rue agrees £300m sale
De La Rue's shares, the embattled printer of banknotes, soared after it reached a deal conditional to sell its division of authentication for £300million. The proceeds from the sale will be used to reduce group debts and fund the…
TI Fluid Systems’minded’ to recommend takeover offer by rival
The board of TI Fluid Systems will recommend to shareholders that they accept a Canadian competitor's fifth offer to buy the company.
ABC Technologies, backed by Apollo Global Management and valuing the company at 200p per share, made an…
Boeing aims to raise $35 billion dollars as strikes bite
Boeing is planning to raise as much as $25 billion through the sale of bonds and shares. The aircraft manufacturer, which faces a cash crisis due to a strike that continues and production delays, has been struggling to meet its obligations.…
The UK Rail Nationalisation Campaign is fueled by the £80 million dividend paid out by a rolling…
Accounts show that the rolling stock company Porterbrook distributed £80m to its overseas shareholders, primarily, last year. This has fueled calls for Britain to nationalise trains.
In 2023, the firm's train-leasing arm generated…
Mike Ashley’s bid for Mulberry creates rift with Mulberry’s main shareholder
Mulberry has seen tensions escalate as the two largest shareholders of the British luxury brand clash over its future ownership. The board of Mulberry said Monday it would be open to an improved bid from Frasers despite Challice's attempts…
Boeing withdraws its pay offer to striking employees
Boeing has pulled its 30 percent pay offer to striking factory workers as negotiations to end the costly strike have collapsed. S&P Global Ratings has warned it may downgrade Boeing's investment-grade credit rating to junk status, which…
Mondi completes €634m deal with German rival
Mondi, a FTSE 100 packaging company that failed in its bid to acquire UK rival DS Smith has acquired a German competitor.
It has acquired western European assets from Schumacher Packaging. This family-run company is based in Germany’s…
OpenAI uses public benefit structures to deter hostile takeovers
OpenAI has adopted a corporate structure that is still largely untested to protect itself from hostile takeovers, and chief executive Sam Altman against outside interference.
The AI start-up that received $6.6bn of new funding last week…