Business News
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Once unfashionable sandal maker Birkenstock now worth billions
Birkenstock, a German sandal manufacturer, has spent decades persuading consumers that what may seem unattractive at first glimpse is, in ...
Establishment of a food fraud hotline to combat criminal activity
The UK’s food watchdog estimates that food fraud costs the government, businesses, and consumers £1.96 billion yearly. The food safety ...
Court battles with Sam Bankman-Fried’s ex-girlfriend Caroline Ellison
Caroline Ellison, the former partner of Sam Bankman-Fried, the owner of the defunct cryptocurrency exchange FTX, is now in a ...
UK gas prices surge due to field closure and pipeline damage.
According to Finnish Prime Minister Petteri Orpo, “external actions” likely caused the breach in the Balticconnector subsea pipeline. Gas prices ...
Dark kitchen operator Kbox is perilously close to insolvency.
Interpath Advisory is overseeing Kbox Global’s insolvency as “dark kitchen” providers face financial strain. Kbox Global, a company that helps ...
Assura adds primary care properties as rents near £150m
Assura achieved “strong financial performance” in the first six months as a primary care property developer due to portfolio expansion ...
£925 million is raised by Metro Bank via debt and financing.
Metro Bank’s latest move, according to the CEO, “opens a new chapter… facilitates the delivery of continued profitable growth in ...
Oil prices surge after Hamas attacks Israel.
Amid concerns that the situation in Israel and Gaza could impede Middle Eastern oil production, Oil prices has increased. The ...
Chinese Zhifei and GSK sign £2.5bn shingles vaccine deal.
GSK, a FTSE 100 company, and Zhifei, China’s largest vaccine manufacturer, have struck a lucrative deal for exclusive distribution rights ...
Metro Bank rejected Hidden Shawbrook takeover bids
Bondholders and Metro Bank’s board will meet on Saturday to discuss a financing package, possibly disclosed before Monday’s stock market ...
Increased US job growth spurs rate hike hopes
Last month’s unexpected increase in the number of positions in the United States fueled anticipations that interest rates might increase ...
First annual earnings since epidemic for Wetherspoons
According to the chain, its trading momentum has persisted from the conclusion of its fiscal year until July. The revenue ...