Coverage of British and global enterprise — boardroom moves, M&A, earnings, regulation and the long-running stories shaping how companies are built and run.
Premier Foods was a punchline for most of the 2010s, mired in debt and pension deficits. Six years into Alex Whitehouse's tenure as chief executive, the FTSE 250 group has cleared its balance sheet, returned to dividends and grown like a category-defining brand owner. We profile the strategy.
A five-count federal indictment alleges Mayor Eric Adams accepted illicit benefits from Turkish officials and businesspeople in return for fast-tracking the approval of a controversial Manhattan consulate building. The case is the first federal indictment of a sitting New York City mayor in nearly half a century.
A Paris court handed Olivier Dussopt a one-year suspended sentence and a €15,000 fine over a sweetheart water-management contract awarded in 2009 when he led the southern French commune of Annonay. He plans to appeal.
Tesco is the UK's largest supermarket chain, but most shoppers have no idea where the name came from. The answer is a 1924 deal between a market trader and a tea importer.
The entech business Octopus Energy launched to the public in April 2016, and currently supplies 100% renewable electricity and gas to over 1.6 million UK homes, making it the UK’s seventh largest energy supplier. Founded by e-commerce entrepreneurs, ...
The increase in pay for Shell's CEO, who received £9.7 million last year after the business posted record profits as a result of rising energy prices worldwide, was 53%. Ben van Beurden, the chief executive for 2022, received a salary hike up from £...
The world-famous sandwich chain Subway has been put up for sale with a $10 billion price tag, and one of the potential buyers is an arm of Wall Street titan Goldman Sachs. According to media reports, a few parties have submitted indicative offers fo...
As part of an investment initiative for all of Europe, Starbucks has revealed intentions to open 100 new outlets in the UK over the next 12 months. The US coffee business, which already has just over 1,000 locations in the nation, said that as part o...
The largest four-day working week trial in history has been deemed a success, with the majority of the participating businesses declaring they will continue to offer a shorter week. The trial, which ran for six months starting in June of last year, ...
The UK arm of the French state-owned energy behemoth EDF has profited from rising electricity tariffs. In its 2022 annual results, EDF (Électricité de France) reported higher UK earnings despite a loss. Its UK core profits surged to £1.12bn from jus...
The regional airline Flybe, which entered administration last month, will be shut down after all efforts to find a rescuer for the company were unsuccessful. According to media gossip, Air France-KLM and the German airline Lufthansa were among the p...
Vue International, the largest privately held cinema chain in Europe, has secured financial support from its new investors to help put together a takeover bid against struggling rival Cineworld. According to industry gossip, funds under the manageme...
Castore, the British sportswear company supported by Sir Andy Murray, is in discussions with investors about a $200 million fundraise as it steps up its competition with Adidas and Nike on a worldwide scale. According to media reports, the Mancheste...
Have you considered using a heat pump for your home heating needs, but are not sure where to begin? There are a lot of things to consider, so it is worth figuring out all the details before making your decision. Whether you’re looking to save money o...
*** Offer updated from £75 to £80 *** We are running a promo offer for new customers of Octopus Energy offering our referral link under Octopus Energy’s refer-a-friend scheme. Use our unique referral link to switch to Octopus Energy and Oct...
As the AI arms race with competitor Google heats up, Microsoft has unveiled a redesigned Bing search engine driven by chatbot technology. The company that makes Windows, Office, and Xbox is also updating its Edge web browser in response to a multibi...
Administrators have selected an Australian competitor battery company as their top offer for the insolvent Britishvolt. Administrator EY announced on Monday that Recharge Industries, which is backed by US investment company Scale Facilitation Partner...
Tesla and SpaceX founder Elon Musk has been exonerated of misleading investors in a 2018 tweet. A jury concluded that Elon Musk did not deceive his investors when he tweeted in 2018 that he had the money to take Tesla private. Due to the SpaceX owner...
The levelling up minister, Michael Gove, is nearing a multibillion dollar agreement with the largest home builders in Britain to assist those affected by the national cladding crisis, caused by the 2017 Grenfell Tower disaster. According to informat...
Amazon employees have started the UK's first-ever strike to protest against what they contend is the online retailer's terrible pay and conditions. According to the GMB union, over 300 employees at Amazon's warehouse in Coventry went on strike in pro...
Elon Musk has set a new world record for losing the most amount of money ever. The CEO of Tesla and Twitter has lost so much money since November 2021 that, according to Guinness World Records, the international body that keeps track of record accom...
The Early official data indicate that the UK economy resumed growth in October, which analysts believe may be the last time the economy expands for some time. Following a contraction of 0.6% in September that was largely attributed to the disruption...
The creator of the insolvent cryptocurrency company FTX, Sam Bankman-Fried, has been detained by Bahamas police. According to the attorney general of the nation, the Bahamas have received official information from the US that criminal charges have b...
The UK's largest business organisation claims that the country is already in a recession that will last into next year. The Confederation of British Industry (CBI) lowered its projection for economic growth in the face of a deteriorating corporate i...
