The Co-operative Group is reportedly set to award its senior staff huge boosts to salaries and bonuses, despite suffering the worst crisis in its 150-year history.
Prosecco is outstripping champagne in global sales, as more consumers pop the cork on bottles of Italy’s famous sparkling wine.
Plane manufacturers Boeing said on Friday that “hairline cracks” had been discovered in the wings of about 40 787 Dreamliners that are currently in production.
Transparency is not Switzerland’s strong point. Unless you’ve got something to hide, in which case, it’s a point as strong as the Matterhorn.
It turned out to be a good week for zombie companies. With no money to invest for growth and no time to develop new markets these are businesses so burdened with debt that life is just one long struggle to keep the bailiffs away.
I have been in Edinburgh most of this week attending the annual investment conference of the National Association of Pension Funds but took time out yesterday to pay a visit to the Charlotte Square headquarters of Scoban which on Tuesday was told by the Prudential Regulation Authority that it was to get its banking licence – the first to do so under the new regulatory regime.
One of the most contentious of the several thousand press releases to come in this week arrived on Thursday.
Activist investors have sometimes been viewed as carpetbaggers, opportunists and corporate raiders. They’d buy up stock in companies and force them, in one way or another, to pay them and other shareholders to go away.
Vodafone has made a second swoop for the Spanish cable operator Ono and it looks like it’s been successful.
The Co-operative Bank was run by a board so unwieldly that looked like corporate equivalent of the United Nations, at least according to the people who sat on it.
Prominent UK banks are at the centre of a dispute over allegations that numerous foreign accounts were set up in the name of former Ukrainian Prime Minister Yulia Tymoshenko and her family.
Chinese investors were given a wake-up call today as the country witnessed its first onshore corporate bond default in recent history.
Peter Rees, the man who helped create the capital’s skyline, is to take up a professorship at University College London after nearly three decades as the City of London’s chief planner.
The Bank of England was given a boost today as a survey showed the public’s inflation expectations have fallen back sharply.
Alliance Trust has warn it could move parts of its business out of Scotland if the country votes for independence.
Twitter is now making more than £1 million a week in revenues in Britain as its growth accelerates in its biggest market outside America, its annual report revealed today.
“I can’t tell you how great it is to get away with a girlfriend for four days shopping in Paris. Now that’s what I call a vacation,” laughs married mum-of-two Jessica Alba, who recently sat front and centre at H&M’s show at Paris Fashion week.
Coastal English towns hit hard by the recent flooding are to benefit from £17m in government funding for apprenticeships.
A price war on the high street heated up today as Morrisons became the latest retailer to cut the cost of its milk.
Westminster Outlook In Plato at the Googleplex, the American novelist Rebecca Goldstein imagines the pre-eminent Ancient Greek philosopher alive today and his likely reactions to the internet, television and the modern world in general. He is sceptical of the benefits of neurological mapping, but becomes a big fan of his Google Chromebook.
The Ruia family's failed attempt to take Essar Energy private last month raised eyebrows in the City but it looks like they could be gearing up for another run at it.
The online fashion retailer Boohoo is the latest retailer to bag itself a stock market flotation this year, as it goes head to head with larger rival Asos.com on AIM.
The mining boss ousted from Rio Tinto after multi-billion pound writedowns for ill-judged take-overs is to become chief executive of controversial Vedanta Resources.
BP more than tripled the total pay of its chief executive Bob Dudley to $8.7m (£5.2m) last year, despite a 22 per cent dive in profits, as the FTSE 100 oil company rewarded its boss for "building for the future".
Back in 2006, an energy company called Rosneft floated itself on the London Stock Exchange. Even for a Russian company, its prospectus, as I noted at the time, contained some unusual warnings. "Crime and corruption could create a difficult business climate in Russia," the document noted; some directors' interests "may cause Rosneft to engage in business practices that do not maximize shareholder
Antonio Horta-Osorio doesn't fear competition. Nor, it seems, does he fear competition inquiries.
The £170bn small business lending market is to be the first major investigation of the new competition regulator, the Competition and Markets Authority.
Shares in generators giant Aggreko climbed almost 10 per cent in early London trading today after it set out plans to return £200 million of cash to shareholders.
The Bank of England has kept rates on hold at 0.5 per cent, marking the fifth anniversary of ultra-loose monetary policy.
Two veterans of the stock market reported record results today but both warned investors to stand by for shocks