Canary Wharf Group has lost more than £900mn in value as a result of a £553mn loan deal. The developer and manager for the London Docklands estate, owned by Brookfield
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The losses at British supercar manufacturer McLaren have more than doubled in 2023 to a record £873m due to production delays and a decline in sales. The GT manufacturer’s losses
Perrier has been asked by the French government to stop using one well “as an extra precaution”. Perrier was ordered to destroy 2 million bottles of water following the discovery
In its most recent warning, the Bank of England found that some banks were unable to quantify the exposure they have to private equity. The industry, which is worth $8tn,
The shipping company that is responsible for the collapse of the Baltimore Bridge wants to reduce its liability from $3bn to $43m (£2.41bn). It will do this by relying on
Asda will raise more than £2.6bn in order to refinance part of its debt after the UK supermarket revealed results that showed adjusted profits rose by about a quarter. The
Hornby has seen a drop in sales due to delays in deliveries caused by shipping attacks in the Red Sea. Margate-based model trains and collectibles said that sales fell 8
Jane Street, a secretive fast-paced firm, has flourished alongside Wall Street market makers. Documents reviewed show that the group anticipates its net trading revenue for the first quarter to be
The group behind Bloom & Wild saw its losses increase to over £100 million in the latest financial year, as consumers reduced their flower purchases due to a lack of
After 777 Partners received a last minute extension for repayment of a £160m debt, the proposed takeover Everton is now in added time. Last month, Moshiri assured supporters the deal
In the two years following 2021, water companies in England & Wales have paid £2.5bn as dividends to shareholders and added £8.2bn net debt. According to the updated numbers, the
It can be revealed that The Telegraph could be in financial trouble if the Barclay Family regained control after the failed takeover supported by the United Arab Emirates. The family’s
Asda was forced to release draft results to investors after the auditor failed to sign company accounts. Asda’s managers made the unusual choice to give a private presentation to lenders
In a post-Brexit boost to the City, EU rules on research into stock markets that support Britain’s £9 trillion (£9 billion) money management industry are being scrapped. The Financial Conduct
Energy prices dropped from their record highs, resulting in a $2 billion drop in profits for Vitol. According to people familiar with the group’s finances, it has a net profit
The UK government is being urged by consumers to act against the unregulated “buy now, Pay Later” credit. This has led to a rise in online spending of up to
