BP raises dividend despite 70% profit drop
BP increased its dividend and announced more share buybacks even as earnings slumped 70 per cent from the record…
Man Group shares fall as performance fees and profit collapse
The shares of the largest hedge fund manager in the world, Man Group, fell on Tuesday after performance fees and…
HSBC will buy back $2bn of shares after a profit boost due to interest rates
HSBC announced its second $2bn share purchase of the year, after rising interest rates led to a bumper quarterly…
Uber posts first operating profit following $31.5bn in losses
Uber announced its first operating loss on Tuesday, but a better cost control strategy has helped the company turn…
Wizz Air’s plan to give the chief executive extra time to reach his £100mn…
Wizz Air's plans to extend the time period for the chief executive to unlock the £100mn bonus by two years has…
Three major UK lenders reduce mortgage rates as inflation outlook improves
This week, three large UK lenders have announced that they will cut the cost of home loans as mortgage rates…
Michael Klein, Cheshire Investment Group, to list $1.6 billion in New York
Michael Klein, a Wall Street trader, has made public in New York an investment group from the UK that owns a…
UK house prices drop the most since 2009.
Nationwide data shows that UK house prices are at their lowest level in 14 years, as mortgage costs continue to…
CMA launches new consultations on Microsoft Takeover Bid
The Competition Watchdog launched a consultation "very rarely" on Microsoft's attempts to reverse its block on…
Pearson takes on ChatGPT in its own game
Pearson, a FTSE 100 educational publishing company, has fought back against AI's potential threats by integrating…
UK Industry Still Selling to Russia
Trade data analysis shows that despite the invasion in Ukraine, British manufacturers continued to supply Russia's…
Consumer borrowing reaches a five-year high, as inflation reduces earnings
Last month, families took on more debt than they had since 2018. Rising costs have put increasing pressure on…
Bank of England to increase rates to new 15-year high
The Bank of England will not be stopped from raising interest rates this week to a new 15-year-high, but the signs…
Birkenstock owner eyes $8bn valuation in September IPO
According to sources familiar with the situation, the private equity owners of German sandal manufacturer…
Audit firms fight against expansion of fraud detection role
The largest accounting firms in the world are fighting against new rules that force them to be more responsible for…
Aston Martin plans to raise £210mn for high-interest debt
Aston Martin will raise £210mn through the placement of new shares to pay off a portion of high-interest debt that…
New projects approved by industry call for UK to accelerate carbon sequestration
After Rishi Sunak's pledge to maximize oil and gas production on Monday, the UK energy industry has called for…
Beer drinkers balk at Heineken’s prices
Heineken's annual profit forecast has been cut after beer drinkers balked over higher prices.
The second largest…