Business

Business

BT Boosts Shareholder Payouts Amid Global Unit Strategy Review
16 May 2024
354
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
314
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
385
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
423
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
418
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
432
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
1951
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
1946
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
2003
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
2124
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
2114
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
2344
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
2247
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
2198
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
2175
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
2140
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...
Tesco, LloydsPharmacy, and Asda: Supermarkets across UK closing pharmacies amid changing market conditions
18 April 2023
2439
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, ...
Diageo Makes History with Appointment of Debra Crew as CEO
28 March 2023
2276
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...
Dame Sharon White shakes up John Lewis with bold mutual structure proposal
19 March 2023
2292
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...
Market panic subsides: London stocks rally after $54bn Credit Suisse loan
16 March 2023
2346
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...
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