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
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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
A leading fund manager said that it might take a bid to buy a large UK blue-chip company to awaken investors to the value of the London stock market, which
Daniel Kretinsky, however, was not one of those people. He had his work on his mind as he stretched out on a lounger on holiday. The “Czech Sphinx”, who was
Daniel Kretinsky wants to take full control of the parent company IDS, which is responsible for the postal service Royal Mail has rejected a takeover offer from billionaire Daniel Kretinsky
After a dramatic drop in Champagne sales, the owner of Moet & Chandon and Krug has a post-pandemic ‘hangover. LVMH, a French luxury goods company, saw its wine and spirits
Apple’s lead on the global smartphone market was lost at the beginning of 2024. iPhone sales fell by 10% as Chinese competitors such as Xiaomi grew rapidly. According to International
In the two years following 2021, water companies in England & Wales have paid £2.5bn as dividends to shareholders and added £8.2bn net debt. According to the updated numbers, the
Tesla has cut more than 10% of its staff — or at least 14,000 positions — due to a global EV slowdown, and a brutal price war. “We have. .
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
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
