Bank of England hopes interest rates are at their peak
The Bank of England said that borrowing costs had peaked, and inflation would fall to the target of 2% in the…
Santander chief warns that banks are at risk of being unable to meet mortgages up…
Mortgages requiring a 1pc down payment can increase risks for banks, and distort financial incentives for…
Vodafone rejects merger bid of €10.5 billion by French billionaire
Vodafone rejected an offer from billionaire telecoms tycoon Xavier Niel for a €10.5bn deal (£9bn).
Last month Mr…
Several North Sea oil drilling licenses awarded to foreign firms
In the most recent round of exploration licenses, Korean, Malaysian and Norwegian companies were granted permission…
Paris asks for UK loan guarantee following the cost explosion of Hinkley Point…
French officials are pushing British ministers for loan guarantees to help EDF finance Britain's new nuclear power…
Amer Sports, the apparel manufacturer of Arc’teryx, considers IPO prices…
Amer Sports, the owner of Arc'teryx clothing brand, is expected to raise less than it hoped for in its largest US…
El Musk’s empire and the $56bn Tesla deal that went wrong
Elon Musk's long-term compensation package includes shares worth $56 billion. A Delaware judge ruled that Musk must…
Novo Nordisk shares reach record highs as obesity drug boom drives share prices up
Novo Nordisk's shares reached a new record high following the Danish company's report of soaring sales for its…
Diageo’s profits in Latin America hit by “perfect storm”
Diageo's chief executive has announced plans to reduce stock levels drastically in the region of Latin America,…
Investors punish Alphabet, owner of Google, for its advertising shortfall
Alphabet disappointed its investors when holiday advertising sales fell below expectations. This overshadowed the…
Sky cuts 1,000 jobs due to the shift from pay-TV customers to internet
Sky will cut 1,000 jobs due to the shift from traditional satellite pay TV to streaming services. This is the…
PayPal will cut 2,500 jobs in an effort to re-size itself
Alex Chriss, the CEO of PayPal, said that it plans to cut 2,500 jobs or 9% from its global workforce this year.…
Stormont agreement: Sinn Fein declares that a united Ireland is ‘within…
Sinn Fein said that a united Ireland was "within touching range" as it prepared to take on the role of Northern…
Insolvencies in England and Wales to reach 30-year high by 2023
According to official statistics, corporate insolvencies in England & Wales reached their highest level in 1993…
CD&R’s Morrisons sold petrol forecourts for £2.5bn to sister company…
Wm Morrison, a private equity-owned UK supermarket chain, has reached a £2.5bn agreement to sell its petrol…
Air Astana warns before float bid
Air Astana could be worth up to 750 million pounds sterling when it goes to market. This is the Kazakhstan flag…
Germany is on the brink of recession
Germany's economy contracted by 0.1% in 2023. This means that it is almost certain to have had the worst…
Investors expect Auction Technology Group to go under the hammer
One bank announced that the company was a possible takeover target on the same day Auction Technology Group…