Thames Water is lumbered with £15.2 billion of debt and must attract new investors by next June or risk running out of cash. The firm has been criticized over sewage pollution and leaky pipes but has pushed up profits. Still, its significant financial challenges could see it fall into government hands unless funds can be …
The North American part of the large events company Ticketmaster issued caution to customers after a massive hack in May led to 560 million of its users' personal details being stolen. It has asked customers to be cautious by watching their accounts and subscribing to identity monitoring services in case of misuse by cybercriminals out …
The FTSE 100 declined as the shares of BP and Burberry dropped. It issued a warning that profits would take a hit of $2 billion, while the latter was considering potential job cuts. On the other hand, US technology stocks gained on interest in the Fed's imminent decisions over interest rates. The FTSE 100 fell …
Sportswear brand Nike, with its numerous strategic blunders like moving away from third-party retailers and focusing on stores of its own, has weakened the market position of the sportswear brand. Besides, decisions in restructuring have hurt the relationship with individual sports. Allowing younger rivals to take the lead, Nike's share price has moved to lows …
Honda is relaunching Prelude in the UK as a hybrid sports coupe that targets young drivers. The sleek and driver-dynamics-focused car is developed from Civic and represents the most recent series of hybrid technology in this niche, showing the commitment of Honda in terms of efficiency without compromising driving pleasure. Honda is to return the …
A warning came from Schroders, Britain's largest investor, about the large pay gap between executives in Britain and their peers based in the US. If this continues, it could succeed in persuading the best blood to leave the UK shores in search of better remunerations in the US companies and thereby destroy the UK's competitiveness. …
Brookfield, one of the large Canadian private capital firms, is eyeing a start-up in the insurance company business within the UK and trying to capitalize on the increasing pension insurance market. Rising interest rates improved strained pension plans, boosting insurance that covers those plans. Brookfield's foray is upping the ante in an increasingly crowded market …
The French stock declined following the victory of the left-wing coalition, which won the highest number of parliamentary seats, causing a turmoil in the markets. The investors were actually caught by the trend of the poll results since they were anticipating a different result. The new UK finance minister, Rachel Reeves, pledged economic growth. Having …
A new pill, OXO-001, can give couples battling with IVF a better chance of pregnancy. If one believes the researchers in a study, women who took the pill showed a higher percentage of pregnancy and live birth rates compared to when the placebo was used. The drug appears to be safe, and soon it will …
Trade unions, celebrities and river activists have called on Britain's new government to order water companies to scrap up to 91% customer bill hikes in England and Wales and to review how water is owned and managed. Michael Rosen, Nish Kumar, and Stephen Fry have joined Greenpeace, Surfers Against Sewage, River Action, the Rivers Trust, …
With the appointment of a new PM in Keir Starmer, businesses like the Confederation of British Industry are urging the new Labour government to zero in on economic growth. This has been an appeal based on positive fiscal indicators whereby people want decisive moves to attract investments and yield ample opportunities for growth. Influential commercial …
More than 3,000 laborers in an Amazon warehouse based in Coventry are in a ballot for a crucial vote that could grant them union rights to negotiate good pay and better conditions. That would be a landmark moment as protests and support came from unions across the United Kingdom. Over 3,000 employees in an Amazon …
Today, the FTSE one hundred index in London remained unchanged at eight,203 factors. Carlsberg introduced plans to buy Britvic, while Metro Bank objectives to promote off its £three billion loan portfolios. Chancellor Rachel Reeves mentioned new housebuilding initiatives, impacting markets and investor sentiment. Today marked a day of cautious movements within the inventory market. The …
Netflix has just begun deleted its cheapest ad-free subscription tier in the recent past within the UK and Canada. A notice is sent out to Netflix apps for the last day that the plan can be used unless they switch to another option. The end will therefore affect hundreds of millions of subscribers using Netflix …
