Financial

Danish jewellery chain Pandora has become more optimistic about the Christmas period, defying the trend among luxury goods companies of slowing sales. Pandora, which sells "accessible luxury", and is on the lower end among retailers,…

Accounting bodies warned that most of the UK's plans for overhauling the supervision of anti money laundering rules would be counterproductive and harmful to the fight against dirty cash. A group of 13 accounting organizations wrote to…

Alstom's acquisition of Canadian rival Bombardier’s train operations in 2021 was hailed as an "unique" moment that would make the French company a winner out of a new golden era dawning for the global rail industry. The €5.5bn deal was a…

Walt Disney Co. stocks jumped after it reported a higher-than-expected net profit and pledged to cut another $2 billion in expenses. Disney announced on Wednesday that the fiscal fourth-quarter earnings increased to 82 cents per share,…

Walt Disney reported stronger-than-expected earnings for its most recent quarter and forecast that it would cut another $2bn from its costs while generating higher levels of cash in the coming year. Results come nearly a year after Bob…

UK gilts rose sharply on Monday as traders took advantage of comments made by a senior Bank of England official who suggested that the Bank may be prepared to consider lowering interest rates in mid-next year. After Huw Pill said that…

Ryanair's profits reached a record high in the spring and summer due to a combination of soaring fares, and additional charges. Dublin-based airline, Ryanair, has begun paying dividends in anticipation of the possibility of Europe's…

Klarna has reported its first profit quarter in four years, as it prepares to list on the stock exchange. The fintech company in Sweden made a net income of 90mn (€8mn ) during the third quarter. This compares to a loss of just 2.1bn one…

British Steel plans to close two blast furnaces on its flagship site in Lincolnshire within the next three-years and replace them with a less carbon intensive steelmaking technology. This could put up to 2,000 job opportunities at risk.…

A financial crisis that has engulfed Signa Group, Rene Benko's property empire in Austria, has cast doubt on the future ownership of Selfridges. Signa shareholders, who bought Selfridges last year in a £4-billion deal with Central Group…

Jumbo scallops are a favorite ingredient in classic sushi plates. They come from the northern Japanese town of Betsukai on the island Hokkaido. The Japanese government has been urging the public to eat at least five bivalves a day for…

Ken Griffin, founder and CEO of the $62bn US hedge funds Citadel, warned regulators to focus on banks instead of his industry, if they wanted to reduce the risks in the financial systems stemming from leveraged wagers on US Government debt.…

WeWork, a flexible workspace provider that plans to file bankruptcy as soon as next week. This is a dramatic turn of events for a company once valued at $47 Billion. The Wall Street Journal broke the story first, and shares of the…

After it announced that a funding round was not going ahead, shares in a "carbon negative" jet fuel manufacturer which has received tens and millions of pounds worth of grants from the government collapsed by over two thirds. Velocys, a…

Next has increased its full-year profit guidance for the fourth time in five months despite unusually warm weather hitting demand for its autumn range. The fashion and homewares retailer now expects annual pre-tax profits to be £10…

WeWork plans to file for bankruptcy next week. The Wall Street Journal reported Tuesday that the flexible workspace company will likely file for Chapter 11 bankruptcy in the US. Following the reports, shares of WeWork fell by more…

HSBC Holdings Plc has announced a new buyback program, hinting at potential future returns for investors despite announcing a third-quarter profit that fell short of market expectations. The London-based bank announced it would soon begin…

The largest luxury yacht maker in Britain has suffered a £30m (£20m) loss due to severe supply issues that prevented it from completing production on schedule. Will Green, the chief executive officer of Princess Yachts said that the…