Financial

I bought a Tesla Model 3 in June for £42,791. The advert stated that the car had a 318-mile range, but when I charged the battery fully the car's display said only 248 miles. Tesla was able to find out the reason why the advertised range of…

The Big Four professional service firm EY has sacked dozens of employees for streaming multiple training videos at once to meet their quotas. EY confirmed last week that it had fired some of its US employees for trying to save their time by…

Volkswagen's motor finance division has been fined £5.4m by the City regulator, and will pay more than £21.5m in compensation. This is for its "serious failures" in treating customers in distress. The Financial Conduct Authority…

The EU's Financial Markets Watchdog is seeking expanded powers in order to supervise major stock exchanges and critical parts of the financial infrastructure of the EU. It wants to be a European equivalent of the US Securities and Exchange…

The owner of The New York Sun is in exclusive negotiations to purchase The Daily Telegraph and The Sunday Telegraph. He wants to finalise the financing of a bid worth more than £500million. Dovid Efune secured exclusive six-week talks to…

TGI Fridays, the restaurant group, has finally agreed to pay its workers what they are due after being laid off. This week, more than 1,000 employees lost their jobs when 35 TGI branches were closed after a failed private equity-led…

Shein, a Chinese-founded fast-fashion online retailer, doubled its profit in Britain, and overtook Boohoo, before a planned blockbuster London float. According to new accounts filed at Companies House, Shein UK's pre-tax profit rose from…

Tate & Lyle is the latest company that has taken advantage of recent reforms to listing rules. It announced it had dropped plans to submit a proposed £1.4billion acquisition to a vote by shareholders. According to the old rules, the…

The Irish Finance Minister has described the €14bn windfall tax from Apple as "transformational". This comes just weeks after the Irish government lost its case at the European Court of Justice arguing that the tech company should be…

Water suppliers have been accused by small businesses of burdening them with the costs of "historic mistakes" made by the bosses of the scandal-hit water industry. It was revealed that their prices may rise by nearly 30% by 2030. Ofwat…

Thames Water, the struggling water company, is fighting for its survival and has been told that it may not be able to raise new debts as soon as next week. According to the accounts of its holding company, the debt-ridden company faces a…

The City of London is preparing for a "Halloween Nightmare on Aim Street", which could be announced at the budget meeting next month. Investors have been scared by fears that Treasury may consider cutting an "essential" tax relief which has…

Aston Martin Lagonda's new chief executive has forced the luxury carmaker to cancel its financial plans and reduce production for the year. Shares in the company have plummeted since the arrival of the new executive. The stock fell to a…

Private equity-owned drinks company Tropicana, which produces fruit juices such as Tropicana, has warned that a citrus blight has caused the destruction of crops and is likely to lead to a rise in prices for consumers. Naked Juice (which…

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…

Parents and grandparents rush to transfer property, cash and investment before the budget in October. Lawyers report a rise in large gifts made by families who are convinced that the government is going to target capital gains (CGT) or…

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…

After a dispute over an historic loan with a Greek shipping magnate, a company owned by the former Newcastle United director Amanda Staveley was forced into liquidation.According to both parties, a London court liquidated Staveley’s Apollo…