Business

Business

Rupert Murdoch’s Final Bid to Acquire Leading UK Property Giant
25 September 2024
603
REA’s Bold Bid Battle REA, the Australian property portal under Murdoch's influence, has made a bold move, appealing directly to Rightmove shareholders following the rejection of its third takeover ...
Uber Secures New Operating License from Transport for London with Conditions
20 September 2024
616
Uber's 30-Month Safety Push Uber has successfully secured a new 30-month operating licence in London, albeit with unspecified conditions, as confirmed by Transport for London (TfL) on Friday. This development marks a significant milestone for Uber, ...
Rupert Murdoch Unveils Free Streaming Service in UK: A New Competitor for Netflix
2 July 2024
661
Tubi’s UK Launch Fox Corporation's Tubi enters the competitive UK streaming scene, challenginggiants like Netflix, Disney, Apple, and Amazon. With its successful US footprint, Tubi boasts 80 million viewers and a diverse library of 20,000...
Sir Jim Ratcliffe’s £1.25bn Investment Strengthens Manchester United’s Position
22 June 2024
630
United’s Kit Revolution Manchester United has taken a Hollywood-inspired approach, enlisting the talents of BAFTA award-winning actor Barry Keoghan for their eagerly awaited 2024/25 kit campaign. Keoghan, celebrated fo...
BT Boosts Shareholder Payouts Amid Global Unit Strategy Review
16 May 2024
764
BT CEO Eyes UK Focus BT's new chief executive, Allison Kirkby, is exploring the possibility of selling the company's global business telecoms division to sharpen its focus on core operations in the UK. Kirkby revealed this strategy during BT's annua...
Capital Group Buys £110M+ NatWest Shares Post UK Govt Sale
12 May 2024
684
New Era for NatWest In a strategic move following the UK government’s reduction of its stake in NatWest, the Los Angeles-based Capital Group has significantly increased its investment in the bank. This decision co...
Morgan Stanley and Frasers Resolve UK Lawsuit on $1 Billion Margin Call
3 May 2024
745
Legal Twist In a surprising turn of events, Frasers Group, owned by British retail magnate Mike Ashley, has dropped its legal action against Wall Street giant Morgan Stanley over a margin call close to $1 billion. This ...
Darktrace Acquisition: Mike Lynch Nets £4.2bn Payday
26 April 2024
773
Darktrace's Billion-Pound Buyout Darktrace, one of the UK’s leading tech companies, is set to be acquired by Chicago-based Thoma Bravo in a £4.2bn takeover deal, marking a significant development in the landscape of cyber security and in...
Valeo Q1 Sales Decline: Impact of Decreased EV Demand on Car Parts Manufacturer
25 April 2024
718
Valeo’s Q1 Performance Valeo, a French car parts manufacturer, reported a slight dip in sales for the first quarter. The decrease was primarily due to a slump in high-voltage activity for electric vehicles (EVs), which overshadowed the company...
UK Car Dealership to Shut 16 Sites, Cut 250 Jobs After US Takeover
24 April 2024
792
Shift into Gear The US owner of CarStore, Lithia Motors, has unveiled plans to restructure its UK operations, including the closure of 16 sites and the reduction of 250 jobs. This decision comes as part of a strategic realignment following...
Communisis Printing Firm Collapse: Uncovering a £200m Deficit
25 January 2024
2271
Встряска в полиграфической отрасли Закрытие типографии Communisis привело к ошеломляющему дефициту в размере более 200 миллионов фунтов стерлингов, кульминацией которого стало административное управление компанией. Недавно обнародованные документы ...
British Museum Secures £50 Million BP Partnership for Exciting Renovation Projects
19 December 2023
2296
The British Museum's £50M Blueprint The British Museum recently finalized a decade-long, £50 million partnership with BP for the Bloomsbury site's renovation. While anticipation surrounds this funding, environmental c...
Wilko's High Street Comeback: Reemergence Months After Dramatic Collapse
1 December 2023
2313
Wilko's Resurgence In a remarkable turn of events, Wilko has not only weathered the storm of its recent challenges but has emerged stronger than ever. The doors of its new establishments in Plymouth and Exeter stand tall, marking the beginning of a ...
BT Makes History with First Female CEO Appointment: Meet Allison Kirkby
31 July 2023
2444
BT's Bold Move BT, the renowned telecoms giant with over 170 years of history, has achieved a historic milestone by appointing Allison Kirkby as its first female chief executive. She will take over from Philip Jansen up...
Natwest CEO Resigns Following Major Incident in Farage Controversy
26 July 2023
2454
NatWest in Crisis In a significant announcement, NatWest CEO, Alison Rose, reveals her decision to resign from her position due to a "serious error of judgment." This noteworthy development comes after a candid conversation with a BBC journalis...
Bank Chiefs Urge Rishi Sunak: Meta & Social Media Firms Must Pay More in Online Fraud Battle
18 June 2023
2714
UK Bank Bosses Demand Action UK bank bosses demand immediate action against online fraud, urging tech firms like Meta to take responsibility. Costing consumers £1.2 billion annually, urgent measures are vital to safeguard t...
Jim Ratcliffe Surges to Second Place on UK Rich List
19 May 2023
2587
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 ...
BBC Takes Bold Step to Address Gender Disparity in TV Licence Fees
15 May 2023
2508
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 awarded £4 million contract to reshape UK regulations post-Brexit
7 May 2023
2535
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: Marks and Spencer Pledges £12.5 Million Investment
26 April 2023
2490
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...
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