Canary Wharf offices lost £900mn in value
Canary Wharf Group has lost more than £900mn in value as a result of a £553mn loan deal.
The developer and…
Microsoft’s cloud revenue is boosted by AI
Microsoft's cloud services sales surpassed analysts' expectations, as the demand for this high-profile technology…
Alphabet to surpass $2tn valuation after announcing first dividend
Alphabet announced a 15 percent increase in revenue for its first quarter. It also announced its first ever…
Electric car pivots trigger a drop in UK auto production
The British car industry saw its production fall by over a quarter in the last month, as production lines were…
McLaren’s loss more than doubles to £873m due to sales decline
The losses at British supercar manufacturer McLaren have more than doubled in 2023 to a record £873m due to…
Perrier destroys 2 million bottles of water following a ‘fecal…
Perrier has been asked by the French government to stop using one well "as an extra precaution".
Perrier was…
Concord wins the bidding war against Blackstone for Hipgnosis
Hipgnosis Songs Fund is at the center of a bidding war after Apollo-backed US Investment Group Concord beat a rival…
London’s large firms could double their valuations if they move to New York
According to a recent analysis, the valuation of some of London's biggest listed companies could double if they…
John Lewis releases interview questions for job candidates
Many job candidates have been thrown by the nerves when an employer asks a question that they didn't expect.
The…
Amazon Fresh launches Jeremy Clarkson’s Farm Shop
Jeremy Clarkson's Diddly Squat Farm Shop in the Cotswolds is a magnet for Jeremy Clarkson enthusiasts who line up…
Reckitt shares rise on higher-than-expected Sales
Reckitt-Benckiser reported better-than-expected volumes and sales, while reassurances regarding litigation…
Competition for mortgages and deposits has impacted on the profits of Lloyds
In the first quarter of this year, the increased costs and competition in deposits and mortgages slashed the…
Let us hire foreign cabin crew, says Ryanair boss
Michael O'Leary, the chief executive of Ryanair, has stated that if it cannot hire foreign air stewards then they…
Pret founder returns in the face of pandemic debt
Coffee chain shakes up its top team after feeling the heat of its customers
Pret a Manger's new chairman has…
Burberry shares plunged, making it a target for takeover.
City analysts warn that Burberry faces a takeover after it lost a fifth of its worth since the beginning of the…
Elon Musk’s SpaceX invested in a British engineering company that was…
Elon Musk’s SpaceX agreed to purchase a 10% stake in an electronics company founded 47 years ago in the garage of a…
Bank of England warns lenders about private equity risks
In its most recent warning, the Bank of England found that some banks were unable to quantify the exposure they…
JD Sports signs $1.1 billion deal to expand in US
Retailer completes largest acquisition to date by purchasing Alabama-based chain
JD Sports has reversed the…