Iran used two of Britain’s largest banks to move money covertly around the globe as part of an extensive sanctions-evasion plan backed by Tehran’s intelligence services. Documents show that Lloyds
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The mounting losses of banks in Asia, Europe and the US have reignited concerns about the weakness in the US Commercial Property Market, which has been under pressure due to
Shell announced plans to buyback another $3.5 billion in its shares, after its fourth-quarter profit exceeded expectations. This was helped by an “exceptional performance” by its gas trading division. The
Vodafone rejected an offer from billionaire telecoms tycoon Xavier Niel for a €10.5bn deal (£9bn). Last month Mr Niel’s Iliad Group proposed to combine their Italian business . They argued
Amer Sports, the owner of Arc’teryx clothing brand, is expected to raise less than it hoped for in its largest US initial public offer since October. This is the latest
Wm Morrison, a private equity-owned UK supermarket chain, has reached a £2.5bn agreement to sell its petrol forecourts to Motor Fuel Group. This will help Morrisons to improve its balance
The next London Mayor, whether it is Sadiq Hall or Tory underdog Susan Hall will have to make a difficult decision about awarding a contract worth £3 billion to a
Local whisky producers are confident that they can continue to meet the demand for luxury goods despite a general decline in demand. The US is the biggest market for Scotch
EasyJet expects its losses to be lower than the record-breaking deficit of last year, despite the £40 million hit caused by the suspension of flights to the Middle East. Budget
The delivery firm DPD has disabled part of its artificial intelligence (AI) powered online chatbot after a disgruntled customer was able to make it swear and criticise the company. Musician
The US corporate bond market is “on fire”, as companies have sold record amounts of debt, $150bn since the beginning of the month. This has been the busiest start to
Mike Ashley may make a bid to buy the Meadowhall Shopping Centre in Sheffield. This would be his biggest wager on retail real estate so far. Frasers Group is the
According to research, the Scotch Whisky industry contributed more than £7 billion in one year to the UK’s economy and supported 66,000 jobs. The Scotch Whisky Association trade body said
Ocado’s boss said that customers returning to online grocery shopping following a post pandemic decline, helped the retail division of Ocado return to profitability. It also enjoyed a record-breaking Christmas.
As part of a restructuring, the UK’s largest nightclub company plans to bring in administrators. This could lead to venues closing permanently. Rekom UK owns Atik, Pryzm and other brands.
Amundi, Europe’s biggest asset manager, has joined 26 investors in demanding Shell improves its environmental targets during its annual meeting. This is the largest shareholder push for climate policy that
