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
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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
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
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
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
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
The administrator of the company that is at the heart of Rene Benko’s crumbling property empire said only €250mn out of €5.26bn in debt had been secured by tangible assets.
Yesterday, St James’s Place shareholders were shocked by disappointing quarterly inflows as well as plans for an operational review. The market was digesting news that net inflows totalled £770 million
The UK financial watchdog has revealed the extent of its investigation into historical commission agreements which led to consumers paying more than they should have in transactions dating back to
Bitcoin’s value has dropped by 15 percent in the last two weeks as investors have taken advantage of the launch of the bitcoin exchange traded fund earlier this month. They
The UK government borrowed less in December than was expected, which is a boon to chancellor Jeremy Hunt’s plans to reduce taxes in advance of the expected general elections this
British Steel is expected to suffer increased losses due to the rising energy and raw materials prices following Russia’s invasion in Ukraine. In its delayed 2021 accounts, published just last
Apple paid Rbs1.18bn (12.3mn dollars) to the Russian state budget after a Moscow court found it guilty of abusing the App Store’s dominant position. FAS, Russia’s anti-monopoly regulator, announced Monday
Manchester United’s profit forecast has been cut after the club’s early exit from Europe’s premier football competition. This highlights the challenges facing billionaire Sir Jim Ratcliffe in his attempt to
Analysts have estimated that banks could be liable for a compensation bill of £10 billion due to unfair car financing deals. The Financial Conduct Authority announced last week that it
Rightmove is one of the stocks that have suffered as a result of bearish brokers squeezing in. Investors reacted negatively to JP Morgan’s concern about the profitability of the group
