Diageo has reached an agreement to sell its majority holding in East African Breweries to Asahi for 2 point 3 billion dollars. This strategic move is part of Diageo’s ongoing
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M&C Saatchi, the advertising giant established by Charles and Maurice Saatchi in 1995, is once again in the spotlight as its financial performance falters and speculation mounts about its future
In a move closely watched by the City, Associated British Foods ABF has signalled the start of a long anticipated review into spinning off its jewel in the crown Primark.
Zuber Issa, one of the billionaire brothers who built EG Group into a global petrol forecourt force, is urging the company to divest its $5 billion US business in preference
Sir Pascal Soriot, the chief executive of AstraZeneca, Britain’s most valuable public company, has privately expressed his desire to relocate the pharmaceutical giant’s stock market listing to the United States,
Microsoft has announced plans to lay off approximately 3% of its global workforce, equating to around 6,000 employees. The tech giant, based in Redmond, Washington, employed 228,000 full-time staff as
The AA’s chief executive has indicated there remains work to be done before any potential sale, despite the motoring organisation reporting its fourth consecutive year of growth. Jakob Pfaudler shared
Abrdn, the investment giant previously known as Standard Life Aberdeen, has announced it will revert to a simplified version of its former branding, renaming itself Aberdeen Group. This move marks
Berkshire Hathaway’s chairman Warren Buffett has staunchly defended the organisation’s unprecedented $334.2 billion cash holdings whilst reaffirming the company’s unwavering commitment to equity investments in his yearly shareholder letter. The
The financial landscape has transformed dramatically in the five years since Covid-19 first emerged from Wuhan, China. The initial market response to the virus was relatively measured, with investors maintaining
British oil giant BP has reaffirmed its commitment to operating more than 100,000 electric vehicle charge points globally by 2030, maintaining its course even as the company prepares to unveil
The US chemicals behemoth Dow has launched a strategic review of its operations at its Barry manufacturing site in South Wales, casting a shadow over a significant portion of its
The activist investment powerhouse Elliott Management has accumulated a substantial £4 billion stake in British energy giant BP, advocating for a significant strategic shift that mirrors rival Shell’s recent transformation.
The beverage giant Coca-Cola has indicated it might need to escalate its plastic usage in the United States if Donald Trump’s proposed tariffs lead to heightened aluminium can costs. This
BP’s newly appointed chief executive Murray Auchincloss has announced plans to “fundamentally reset” the oil giant’s strategy amidst declining profits and mounting pressure from activist investor Elliott Management. The company
Britain’s largest train operator, FirstGroup, faces a pivotal moment as Labour’s rail renationalisation programme threatens to reshape its business landscape. The company, which operates significant portions of Britain’s rail network,
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