Customers of Naked Wines face the risk of losing their deposits due to a lack of segregation of client accounts, a prominent activist investor has cautioned. Richard Bernstein, an investment
Financial64- Page
1080Articles
The engineering consultancy John Wood Group has witnessed its shares plunge by more than 55% following revelations of severe financial difficulties and governance concerns. The company’s announcement of a potential
British American Tobacco (BAT) witnessed a sharp decline in its share price today, falling nearly 9 per cent after announcing a £6.2 billion provision for lawsuit settlements in Canada and
The Financial Conduct Authority (FCA) has initiated an enforcement investigation into Barclays’ compliance with anti-money laundering controls, marking yet another regulatory challenge for the troubled British banking giant. The FTSE
A major upheaval in the UK car finance sector has emerged as Close Brothers, one of Britain’s largest motor finance providers, announced plans to allocate up to £165 million for
The United States witnessed an unexpected uptick in inflation during January, challenging former President Donald Trump’s recent campaign promises to swiftly reduce prices. Consumer price index figures revealed a 3%
Financial storm clouds are gathering over Sir Jim Ratcliffe’s vast business holdings as his chemicals empire, Ineos Group, faces mounting debt concerns alongside challenges across his sporting investments. Credit rating
Dutch brewing giant Heineken has announced plans to return €1.5 billion to shareholders following an exceptional year of performance, driven by robust demand for its premium brands and significant growth
The FTSE 250 lender Close Brothers has announced it will set aside up to £165 million in its first half to address potential legal and compensation costs amid the growing
British insurance giant Prudential is evaluating options to list a portion of its substantial stake in ICICI Prudential Asset Management, with the holding currently valued at approximately $5 billion. The
Major financial institutions Goldman Sachs and Deloitte have begun dismantling their diversity initiatives in response to mounting political pressure from the Trump administration. The moves represent a significant shift in
The world’s largest restaurant chain, McDonald’s, has demonstrated resilience in its fourth-quarter performance, posting a 0.4 per cent increase in global comparable sales, defying market analysts’ expectations of a decline.
The majority of British water companies are yet to accept Ofwat’s pricing and spending settlements, with just over a week remaining before the deadline to challenge the regulator at the
Lord Ashcroft has called for premium English winemaker Gusbourne to withdraw from London’s junior stock market after unsuccessful attempts to secure a buyer. The company’s shares plummeted more than 40
Danish pharmaceutical giant Novo Nordisk has projected reduced growth for 2025 amidst mounting competition in the weight-loss drugs market from American rivals. The company, renowned for its obesity treatments Ozempic
The recent collapse of Stenn, a once-promising fintech venture valued at nearly $1 billion, bears stark similarities to the infamous Greensill scandal, raising serious concerns about the trade finance sector’s