Companies

Senior, a UK engineering company, will be forced to lay off staff due to the crisis at Boeing and the delays in returning to full production by Airbus. Senior, a FTSE 250 company, pays the price of being a major supplier to two troubled…

Very Group's ownership by the Barclay family is being reviewed as their corporate empire continues its decline following a £1.2billion debt deal with a Joint Venture backed by funds from the United Arab Emirates. Barclays JP Morgan,…

Tennet, the Dutch state-owned electric utility company, has hired investment bankers to investigate an initial public offering (IPO) for its German subsidiary. The Dutch firm is looking to cut its ties with this capital-hungry enterprise…

Tesco's boss claimed that consumers were "in good shape" and began to buy more expensive products before Christmas. This led the country's largest grocery store to raise its profit forecast. Ken Murphy was upbeat about the consumer's…

AO World has acquired a gadget seller that was valued at more than £200million by public market investors. The City is continuing to suffer losses on the ill-fated floats in 2021. AO World agreed to purchase electronics company…

JD Sports boss has dismissed the issues facing Nike, the company's biggest supplier. He credited its store range for compensating weaknesses in individual brands. Regis Schultz said that the retailer is on track to reach its profit…

Mike Ashley's Frasers Group launched a bold £83 million bid to take over Mulberry, Britain's most recognizable luxury brand, after being blindsided with a £10million rights offer. Sports Direct's owner, who believes it is the "best…

A group of prominent UK businesses has said that food companies should be required to report the amount of food they waste as a way of reducing the huge amounts of edible foods wasted in the UK. About a Steve Reed, more than 30 food…

It's not expensive clothes that you regret, but marginal purchases which seem to be a bargain and then quickly go wrong (unless you are a cabinet member using Waheed Alli’s credit card). Fund managers should therefore be cautious about…

Martyn Day stared at tanks from his window. In 2006, Leigh Day's co-founder travelled to Ivory Coast in order to fight a lawsuit against Trafigura. Trafigura was accused of dumping toxic materials off the coast. When the Yorkshire-bred…

Ministers are trying to convince Navantia that it should bid on four Harland & Wolff shipyards in Northern Ireland, England and Scotland. This is to prevent job losses for the struggling British shipbuilder. According to those briefed…

The US Department of Justice filed a lawsuit against Visa accusing it of monopolizing the debit payment market and abusing its dominant position in order to crush any potential competitors. In a civil complaint filed in Manhattan Federal…

China accused Calvin Klein's parent company of boycotting cotton in its western Xinjiang Region, threatening to place a US firm with significant interests on a blacklist for national security. Beijing's threats to put PVH, an apparel…

Smiths Group shares fell on Tuesday from their all-time highs after a perceived small miss in its financial results. It is the last great British conglomerate, with four multinational divisions - John Crane Detection Flex-Tek Interconnect -…

Boeing, the troubled planemaker, announced to its striking workers a "best-and-final" offer of pay. However, its largest union refused to vote on an offer that did not meet their members' needs. The International Association of Machinists…

Tax authorities have warned self-employed workers to prepare for an upcoming crackdown. This could result in more inquiries into their earnings. The Supreme Court dismissed last week an appeal filed by the football referees body…

Thames Water's creditors plan to inject over £1 billion before the end the year to give the utility a financial lifeline as it attempts to sort out its finances. The City's sources say that a group of hedge funds, institutions and other…

Thames Water, whose future is at stake, has revealed that it is trying to buy more time by rewriting its loan agreements with lenders. Sources claim that the troubled water company is trying to extend its "liquidity flight" after admitting…