A significant shareholder rebellion has emerged against Fortress Investment Group’s proposed £338 million takeover of café-bar operator Loungers, despite the offer representing a 30% premium to the company’s previous share
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The London Stock Exchange is poised to bid farewell to yet another significant player as TI Fluid Systems agrees to a £1 billion takeover by Canadian rival ABC Technologies. The
Luxury car manufacturer Aston Martin Lagonda witnessed its shares plummet to a two-year low following an emergency fundraising announcement and its second profit warning within two months. The Midlands-based company
Symbotic, the SoftBank-backed warehouse automation software provider, witnessed its shares plummet by more than a third on Wednesday amidst revelations of accounting errors and a downward revision of revenue forecasts.
Rachel Reeves, the Chancellor of the Exchequer, faced a challenging reception at the Confederation of British Industry (CBI) conference as she defended her recent £40bn tax increase whilst promising no
In a significant financial development, PwC partners are confronting a substantial increase in their National Insurance contributions following Rachel Reeves’ recent budget announcement. The UK’s largest auditor will need to
Fashion retailer Boohoo has revealed plans to raise £39.3 million through a share placement as the company grapples with mounting losses that have more than tripled in recent months. The
French and Dutch authorities have conducted raids on Netflix offices as part of a widening investigation into alleged tax fraud and labour law violations. The surprise searches, carried out on
Microsoft’s substantial investment in artificial intelligence technology has yielded impressive returns, with quarterly sales climbing 16 per cent to £65.6 billion, surpassing Wall Street’s expectations. The tech giant’s Azure cloud
Microsoft’s shares declined 3.8% in after-hours trading despite reporting substantial quarterly gains, as warnings about slowing growth and escalating artificial intelligence costs dampened investor enthusiasm. The technology giant’s fiscal first-quarter
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