Business News
Dive into the latest business news, market trends, and financial insights. Stay ahead with Creative Media News.
First since 2022, US holds interest rates constant.
The US central bank has announced that interest rates will remain unchanged, the first time in more than a year ...
US inflation is at its lowest level since 2021 as fuel prices decline.
Last month, US egg, fuel and furniture prices decreased, lowering inflation to half its yearly high. In the 12 months ...
Next, Warburg Pincus discuss £500m Reiss sale
Reiss’ shareholders are working with the investment bank Raymond James on an auction of the fashion chain founded by David ...
London-listed Cineworld plans to file for administration
AlixPartners’ designation as administrator of the struggling movie chain’s publicly traded holding company is expected this week. The London-listed holding ...
Accountancy watchdog scrutinises CEO’s six-figure ‘payoff’
Despite a long disagreement over audit firm penalties, the ICAEW is lavishly rewarding retiring CEO Michael Izza. The global professional ...
Heathrow strikes postponed 24-25 June.
Unite security workers are voting on a “improved” salary deal, postponing the June 24–25 strike. The upcoming weekend’s Heathrow security ...
George Soros transfers his $25 billion empire to his son Alex.
George Soros’s son Alex now runs his father’s $25 billion (£19.9 billion) business and charity empire. The financier of Hungarian ...
Ashley uses the Odey crisis to acquire a £75 million stake in AO.
Odey Asset Management, whose owner has been accused of sexual harassment, sold Frasers Group an AO share on Friday. The ...
City boss resigns amid sexual misconduct allegations
A City financier is departing the company he founded due to allegations of sexual harassment. The departure of Crispin Odey ...
Tesco Clubcard criticised: Supermarket complained to regulator about opaque offerings.
A consumer group asserts that the absence of explicit pricing on the vast majority of food and beverage promotions by ...
If prices decline, the windfall tax will be abolished.
The government will discontinue taxing energy support initiatives, which raised £2.8 billion, if oil and gas prices normalise by 2028. ...
Lloyds to auction £600m Telegraph after seizing possession
The high street lender will employ bankers within days to launch a £600 million sale process for some of Britain’s ...