Financial

The Guardian has announced a programme of redundancies as it struggles with a sharp decline in advertising. Katharine Viner sent an email on Thursday to the staff outlining plans to make a "small amount of voluntary redundancies", as…

UK ministers announced plans on Monday to reform the benefits received by millions of people who have long-term health problems and disabilities. The move is part of an effort to reduce the spiraling welfare bill of the government. Mel…

Emmanuel Macron warned that the EU faces a "mortal threat" from the economic decline, the rise of illiberalism, and the return to war due to Russia's full scale invasion of Ukraine. In a address delivered at the Sorbonne University, on…

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 and Qatar Investment Authority, reported on Thursday a 14.7% annual…

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 rose by 160pc, and its revenues dropped from £627.8m down…

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 of bacteria "of faecal source" in one of their wells…

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, could pose a threat to the financial system as a whole. Rebecca…

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 a law dating back to before the US Civil War. Baltimore…

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 third largest supermarket in Britain has been saddled with high…

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 percent in the final quarter of their financial year, ending March…

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 around $4.4bn. This is more than twice…

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 cash. Online florist known for its bouquets that can fit through a…

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 was "in the home straight". A source with knowledge…

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 16 water monopolies paid out a combined total of £78bn…

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 possible comeback could restrict the company'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 at the end of last month. Asda announced unaudited…

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 Authority is currently consulting on plans to…

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 of $13 billion. This is down from its record profit of $15…