Direct Line’s boss beefs up defenses after Ageas acquisition
Adam Winslow is the new boss at Direct Line and he will be presenting some of his plans to turn around the troubled…
Selfridges’ tycoon Rene Benko files insolvency
Rene Benko, the self-styled tycoon of Selfridges and Signa, has filed for bankruptcy following the collapse of his…
Raising the VAT threshold to help small businesses
From April, thousands of small businesses and self-employed people will not be required to charge VAT at 20…
Rentokil initial’s American dream comes true
Rentokil Initial's biggest acquisition to date has begun to pay dividends for the company, once known as the "royal…
Aviva buyback brings shareholder returns up to £9bn
Aviva's boss has intensified her efforts to turn around the insurer. She is implementing a plan that will boost…
Entain lost £40 million in earnings due to changes in gambling rules
The group that owns Ladbrokes, Sportingbet and other gambling brands revealed a £40-million hit to its earnings in…
ITV profits are hit by falling advertising revenues
ITV's boss believes the advertising market has recovered from last year, which she called the worst recession since…
Harbour Energy suffers from lower gas prices
After lowering its natural gas price projections, Britain's largest oil and gas producer anticipates generating…
The number of US banks that are weaker has increased as NYCB’s capital…
Regulators warned that the number of US problem banks has increased by 18%, while New York Community Bank, led by…
Virgin Money to be acquired by Nationwide for £2.9bn
Nationwide Building Society reached an agreement with Virgin Money to purchase it for £2.9bn. This deal would make…
Gold prices surge to record highs
Gold's price has soared to record levels, driven by investors looking for safe havens and central banks.…
Consumer groups warn that the merger of Capital One and Discover is a dangerous…
Campaigners have urged regulators to stop Capital One's $35bn acquisition of Discover. They say that the deal is…
Shein UK violates company law for failing to disclose the human owner
The UK division of fast-fashion firm Shein failed to disclose the ultimate owner, which is a violation of company…
AstraZeneca builds £450m vaccine center in Liverpool as boost for UK
AstraZeneca will spend £650m to build a new factory for vaccines in Liverpool, and upgrade research labs at…
M&A market is thawing, bringing hope for City deals
Morgan Stanley says that the City deal drought is about to end as central banks begin to lower interest rates. This…
OpenAI responds to Elon Musk’s lawsuit with troves of emails
OpenAI has responded to a lawsuit filed by Elon Musk. The suit claims that Musk walked away after failing to gain…
888 is considering cutting its losses in America
William Hill's owner is considering leaving the US gambling market because of "intense" competition and high…
L&G’s need to shelter from economic headwinds becomes more urgent
Antonio Simoes told his colleagues in the weeks leading up to his formal debut as the new Chief Executive of Legal…