Business News
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Vue screens investors for blockbuster Cineworld challenge
Vue International has secured backing from Barings and Farallon Capital Management in advance of Cineworld’s bid deadline later this week. ...
American fund KPS buys Princess Yachts.
Former sponsor of golf equipment manufacturer TaylorMade, KPS Capital Partners, will purchase a controlling position in Plymouth-based luxury yacht builder ...
Heathrow returns to pre-pandemic passenger figures
The use of electronic passport scanners for youngsters under the age of 18 is being tested while the airport said ...
Climate goals ‘may result in increased taxes’
The United Kingdom has made significant strides towards achieving net-zero carbon emissions by 2050, but higher taxes may be required ...
Castore sportswear prepares for $200m fundraising.
The Manchester-based sportswear firm supported by Sir Andy Murray is working with Rothschild to finance approximately $200 million to fund ...
Why are BP, Shell, and other oil majors so profitable?
The major oil firms, ranging from BP and Shell in the United Kingdom to ExxonMobil and Equinor in Norway, have ...
UK economy avoids recession, but Hunt warns
The United Kingdom just escaped sliding into recession in 2022, according to newly released data, as the economy had zero ...
UK economy narrowly avoids recession amid December strikes.
The ONS reported that the World Cup’s absence from Premier League football lowered output in December 2022. Early official numbers ...
Taxpayer-backed NatWest raises bonus pot for second year.
The lender, in which taxpayers own just under 45%, has put up plans to pay out much more than last ...
UK’s biggest gas supplier warns output is at capacity.
Equinor is hardly a household brand in the United Kingdom, but its commentary on market constraints is crucial amid predictions ...
McDonald’s signs UK sexual harassment protection agreement.
A labour organisation says the company hasn’t taken employee health and safety seriously, while the company says it is. McDonald’s ...
Microsoft’s $69bn Activision purchase nears UK watchdog ban.
Microsoft asserts that “solutions” will be developed in response to the CMA’s competition concerns, while the developer of Call of ...