Financial

Dubai has begun discussions to finance the construction of two Orient Express Superyachts, as oil-rich Middle Eastern countries seek to diversify their energy sources away from fossil fuels. Dubai Holding, the investment vehicle of…

Scott Poole has been selling his company's products on Amazon for 15 years. The partnership helped him grow the business so that it now makes up to £4million in annual sales. He said, "We had a great relationship." "Until January." The…

The competition regulator will be launching a new investigation into eight of Britain's largest housebuilders amid fears that they may have been working together to limit supply and keep prices high. The Competition and Markets Authority…

The reputation of the Australian businessman accused of intentionally ignoring tax laws in Australia has been further damaged. He faces a tax bill nearing £8 million. The allegations against Australian David Collard have raised further…

The sales of activewear brand Gymshark have increased by 20 percent compared to last year. This is ahead of the projected 15-percent increase in revenue, which will reach £556 millions in 2023. Ben Francis, a 31-year-old Solihull…

US lender Capital One has agreed to buy rival Discover Financial for $35.3bn, in an all-stock tie-up that is set to unite two of America's largest credit card companies. Capital One's acquisition of Discover values its smaller rival's…

George Adnams and his brother Ernest bought the Sole Bay Brewery at Southwold in Suffolk in 1872. But his brewing career only lasted two years. George Adnams, who was a bit of a free-spirited individual, left his brother in charge of the…

The executives at Lyft are left with a red face after a typo was found in the financial results of the ride-hailing service. This led to a nearly 70 per cent increase in its share price. Lyft announced that it would grow its margins by a…

Centrica's recovery has been aided by the energy crisis. The profits for British Gas' owner were nearly £2.8 billion in 2018. This is a drop from the £3.3 billion record set in 2022 but still second in group history. British Gas was one…

After The Body Shop went into administration and put more than 2,000 job at risk, landlords are preparing for a wave closures. Aurelius, a private equity firm, put the UK branch of the ethical cosmetics brand, which has around 200…

The logistics company of the Barclay family has been merged into the startup that purchased Tuffnells from administration last year. Yodel is one of Britain's largest parcels delivery services. It will combine with Shift to exit the…

Official figures reveal that local authorities in the UK, who were in dire need of cash after Liz Truss’s disastrous mini-budget of 49 days ago, took out huge 50-year loans with soaring interest rates. The government's Debt Management…

EY piled more than $700mn of extra debt on to its global operating business to deal with the costs of the failed plan to spin off its consulting arm, according to newly filed accounts. The figures, made public at the UK’s Companies House…

The London-listed manufacturer of Lucky Strike cigarettes and Dunhill cigarette is looking to reduce its £15 billion shareholding in an Indian conglomerate. This has triggered a sharp rise in the price of its shares as investors welcomed a…

AstraZeneca's long-serving chief executive vowed that the future of Britain’s largest drugs group was "never healthier", as it predicted another year of double digit growth. However, the shares fell as core earnings did not meet market…

Adam Neumann claims to have Wall Street backing in order to purchase WeWork from bankruptcy. He was fired after accruing billions of dollar losses. Neumann's lawyers sent a letter on Monday to WeWork saying that he had "partnered" with…

US private equity firms rush to capitalize on lower borrowing costs, by putting debt onto their portfolio companies. They then use the cash they generate to pay dividends both to themselves and to their investors. In January, corporate…

Emirates Airline's head has warned Boeing that it is in the "last-chance saloon", as he prepares to send his engineers to oversee Boeing's production line after witnessing the long decline in the  manufacturing performance. Sir Tim Clark…