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Battles between the billionaires
Sir Jim Ratcliffe, the Ineos founder, has emerged as the UK's second wealthiest individual, boasting a net worth of nearly £30bn. In the span of a year, his fortune skyrocketed by £23.6bn, propelling him ...
Collaborates with StepChange
BBC revises TV license fee structure to address gender disparity, with a focus on providing financial assistance to women facing economic hardship.
Changes to Payment Plan
The BBC has extended its simple...
Hogan Lovells to assist UK government
The UK Department of Business and Trade has awarded Hogan Lovells, a leading law firm, a £4 million contract to support the removal of EU-era laws from the statute books.
Background on Hogan Lovells
Hoga...
Revitalizing London's high street
London's high street is on "life support," according to Stuart Machin, CEO of Marks and Spencer, as the company pledges £12.5 million of investment to revitalize the city's retail landscape. The historic retai...
Pharmacy closures hit UK supermarkets
Supermarket giant Tesco has announced the closure of eight of its 100-hour pharmacies in the UK due to low demand.
The affected pharmacies, ...
First Female CEO in company
Diageo, one of the world's largest producers of alcoholic beverages, has recently made a historic announcement the appointment of its first-ever female CEO.
As of July 1, Debra Crew, former chief operating officer of Dia...
Investing for transformation
The retail giant is known for its department store chain and Waitrose supermarkets, but recent financial results have led to the company exploring new ways to raise investment.
The firm reported a loss of...
Banks recover poise
London stocks have rebounded in early trade on Thursday, following a significant sell-off in the previous session. Bank shares, in particular, have been on the rise after Credit Suisse secured a $54b...
Business from the UK to the US and EU
A number of British semiconductor manufacturers are considering relocating their businesses to the US or an EU country if the UK government does not soon present a strategy and fina...
A deal between companies
The UK regulator has opposed Microsoft's purchase of major US computer games developer Activision Blizzard for $75bn.
The UK Competition and Markets Authority, shortly CMA, ...
Space technology supported by investors
Investors have invested record sums in space technology start-ups for the second year in a row. This was reported by The Times.
According to its data, in 2022, space technology projects received about $8.9 bi...
Company buyout
Australian battery maker Recharge Industries will buy the assets of the bankrupt British startup Britishvolt. The announcement was made on Monday by audit firm Ernst and Young.
Ernst and Young,...
Business suffers because of strikes
Pre-Christmas strikes by railway workers will cost the UK hospitality industry £1.5 billion, comparable to last year's business losses due to the coronavirus pandemic, The ...
Some bank branches are closing
HSBC Bank will close a quarter of its UK branches. According to a statement issued by the financial group on Wednesday, from April next year the number of branches will be reduced by 114, while 327 ...
Telecoms price hike
British telecoms company Vodafone has announced plans to raise prices for its services to cope with rising electricity prices and high inflation. The announcement was made on Tuesday by Nick Read, managing director of one of the ...
Buying the company
Octopus Energy has won the race to take on 1.5m Bulb customers in a deal in which the government will help fund the cost of buying them gas and electricity this wint...
Aston Martin shares
Automaker Aston Martin has announced a massive fundraising programme in which it will sell a 16.7 per cent stake in the Public Investment Fund. This was reported by the British newspaper Financial Times.
As the newspaper notes, ...
Investing in projects
Aviva, one of the UK's largest insurance groups, plans to use shareholders' money to finance infrastructure projects at an early stage. Such a decision would be a radical change in the company's internal investment efforts and ...
Robots for the home
Dyson has announced plans to develop domestic robots to help around the home. A major robotics department has been set up by the firm at its research facility at Hallavington Airfield in Wiltshire. As noted, the site will employ ...
Diesel prices have hit a new record high wiping out the chancellor's cut in fuel duty, latest figures show.
The average cost of a litre of the fuel at the pump reached 178.4p on Monday, according to government data.
The previous high of 177.5p was ...
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