HSBC, Britain’s largest bank, has unveiled an ambitious cost-cutting programme that will reduce its workforce costs by 8 per cent, targeting savings of $1.5 billion. The bank’s new chief executive,
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A crucial High Court ruling has approved a £3 billion rescue package for Thames Water, marking a pivotal moment in the company’s efforts to restructure its substantial £19 billion debt
The cosmetics retailer Revolution Beauty has issued a stark warning to investors, projecting a 25 per cent decline in sales for the 2025 financial year. The announcement triggered an immediate
Shares in Reach, the publisher of the Daily Mirror, surged more than 25 per cent after announcing expectations to surpass annual profit forecasts, driven by robust performance in the final
Spanish banking giant Santander is evaluating its future in the UK market, contemplating a possible exit after nearly two decades of operations following its landmark Abbey National acquisition. The strategic
The UK chemical technologies group Johnson Matthey faces mounting pressure from its largest shareholder, Standard Industries, to pursue a comprehensive break-up of the organisation. The American conglomerate has issued a
The banking giant NatWest is poised to achieve a significant milestone as it approaches complete private ownership, marking the end of a 16-year journey since its £45 billion taxpayer bailout
In a significant move for the British ecommerce sector, shareholders of THG, formerly The Hut Group, have overwhelmingly supported the demerger of its Ingenuity ecommerce platform, valued at £90 million.
OpenAI, the organisation behind ChatGPT, has unveiled comprehensive restructuring plans aimed at facilitating capital raising whilst removing constraints imposed by its non-profit parent organisation. The company’s existing for-profit division will
Luxury jeweller Fabergé could soon have new ownership as parent company Gemfields evaluates strategic options for the iconic brand amid broader cost-cutting initiatives. The coloured gemstone mining group acquired Fabergé
In a significant strategic pivot, artificial intelligence drug discovery company BenevolentAI is contemplating a return to the London markets by 2026, following its planned delisting from Euronext Amsterdam. The company’s
The British division of global food giant Kellogg’s has posted a loss in its latest financial results, despite achieving sales surpassing £1 billion, driven primarily by strong performance in its
In a significant strategic move, Warner Bros Discovery has revealed plans to divide its operations into two distinct units, separating its television networks from its streaming and studios businesses. This
The US pharmacy giant Walgreens Boots Alliance has entered discussions regarding a potential sale to private equity firm Sycamore Partners, highlighting the increasing challenges confronting the retail pharmacy sector. The
The French entertainment powerhouse Canal+, renowned for producing the beloved Paddington film franchise, is poised to make its debut on the London Stock Exchange next week following an overwhelming shareholder
In a significant development for the UK’s largest water utility, Thames Water has received a substantial bid from Covalis Capital, partnering with France’s Suez to orchestrate a strategic break-up of
