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Tata warns that early Port Talbot closure will cost them £500m
Tata Steel is facing a £500-million loss from its shocking decision to close its Port Talbot plant earlier than planned. The bosses are scrambling to reach a last-minute deal.
The Indian-owned firm has decided to delay plans to take a…
UK and EU horticulture companies warn of the harm caused by post Brexit border delays
Nursery and garden centres in Britain and Europe warned that the new border posts after Brexit are not functioning properly, causing delays, damage, and extra costs to importers of plants.
The Horticultural Trade Association (HTA), which…
Boots sale is halted due to a fall in shares of the US parent company
Boots, the struggling US-owned chemist chain, has for the second consecutive time abandoned plans to sell its multi-billion pound assets. This puts the high street chemist in danger of further cuts on investments.
Walgreens has abandoned…
BP halts all new offshore wind project and imposes a hiring freeze
In an apparent effort to appease investors unhappy with BP 's green goals, the head of BP imposed a hiring ban and halted all new offshore wind projects.
Murray Auchincloss was BP's former Finance Chief and took on the role of in January…
Tata closes Port Talbot early due to strikes
Tata Steel told its workers that it may have to close down the steel plant at Port Talbot earlier than expected due to a strike.
The company planned to close one blast furnace by the end June, and the other by September. Tata has told…
Deliveroo’s shares are up after reports of a takeover bid from a US rival
Analysts suggest that other bidders may come forward soon. Shares of the UK food delivery service Deliveroo rose after reports that US rival Doordash had held takeover discussions with the company.
Reuters reported that Doordash…
Triple profits for retailer AO World thanks to TV sales of Euro 2024
Online electrical goods retailer AO World enjoyed a near tripling of profits, thanks to the booming sales of tumble dryers during the rainy winter and TVs for Euro 2024.
The company attributes the popularity of air fryers to the fact…
Exxon’s massive project could be the last source of petroleum in the world
ExxonMobil executives work in a six-storey office building in the capital of Guyana, Georgetown. They are figuring out how to expand what is one of the world's largest offshore oil projects.
US energy giant, Hess, and Chinese group Cnooc…
Nvidia shares slide wipes out more than $550bn of market value
Nvidia's market value has dropped by more than $500bn since it briefly became the most valuable company in the world last week. Shares fell nearly 7 per cent Monday.
Nvidia's value has dropped from $2.91tn to $2.91tn. This is a drop of…
Frasers purchases THG’s Coggles site as they announce partnership deal
Mike Ashley's Frasers bought luxury goods sites from THG. The deal also includes selling the protein powder of the online health, beauty and wellness retailer in Sports Direct stores.
THG announced on Monday that it sold Coggles and…
Tate & Lyle: $1.8bn ingredient deal to boost health of products
Tate & Lyle believes that a backlash towards ultra-processed foods will present a "big chance" for it to make its largest acquisition ever of an ingredients company. The deal, it claims, will help it create healthier and tasty products.…
Revolut wants to value employee shares at more than 40 billion dollars
Three people familiar with the plans say that UK fintech Revolut aims to sell shares at a valuation of more than $40 billion, which would cement it as Europe's top start-up.
People familiar with the matter said that SoftBank, a company…
Mark Zuckerberg leads £18m funding round in Paul McCartney-backed start-up
Mark Zuckerberg, his wife Priscilla and their children have invested in a British company that is developing a screenless audio player for kids. The product has been a huge success with parents.
Chan Zuckerberg Ventures , the family…
Mexican billionaire Carlos Slim buys 3% of BT
Carlos Slim, a Mexican billionaire, has acquired a 3% stake in BT. This comes after Allison Kirkby, the new chief executive of BT's UK division revealed her plans for turning around the UK group during its annual results held last month.…
British company accused of providing NHS with ‘faulty Covid tests’ pays UK £5m
A British biotech company that produced thousands Covid-19 tests for the pandemic agreed to pay £5m in settlement of claims that they were defective.
Novacyt announced that it had reached a settlement with the Department of Health and…
The streaming giants will soon become their worst enemies
Good times can only last as long as the customers continue to pay higher prices
Lord Thomson, a Canadian media magnate who was a post-war media mogul and owned The Times, among other properties is credited with coining the phrase "a…
Italian company to target Britain with 20 mini-nukes
A new Italian energy company is planning to build 20 mini-reactors in the UK to capitalize on the expansion of nuclear power in the country.
Newcleo aims to build up to six mini-nukes in Britain. These sites will all be located near…
Insurance companies report a 20% drop in vehicle damage claims since the speed limit was reduced to…
Since the introduction of the 20mph speed limit in Wales last September, vehicle damage claims have decreased by 20% for one leading auto insurer.
Wales was the first country in the UK to introduce legislation last year for an automatic…