A deal between companies
The UK regulator has opposed Microsoft's purchase of major US computer games developer Activision Blizzard for $75bn.
The UK Competition and Markets Authority, shortly CMA, ...
Space technology supported by investors
Investors have invested record sums in space technology start-ups for the second year in a row. This was reported by The Times.
According to its data, in 2022, space technology projects received about $8.9 bi...
Company buyout
Australian battery maker Recharge Industries will buy the assets of the bankrupt British startup Britishvolt. The announcement was made on Monday by audit firm Ernst and Young.
Ernst and Young,...
A record on the stock exchange
The London Stock Exchange's FTSE 100 Index, which is based on the shares of a hundred large-cap companies, gained 84 points, or 1.1 per cent, to a record high of 7,906 points in trading on Friday.
The previous record ...
Criticism of BP
Oil and gas corporation BP has been the target of harsh criticism from environmental activists over its 2023 investment plans. This was reported by The Guardian newspaper.
The publication claims that BP intends to invest $7.5 billio...
Chips from ARM
The British company ARM has decided to stop supplying the latest technology to China. This was reported by the Financial Times.
According to the newspaper, such a step of the manufacturer is connected with the fact that "the USA and ...
Business suffers because of strikes
Pre-Christmas strikes by railway workers will cost the UK hospitality industry £1.5 billion, comparable to last year's business losses due to the coronavirus pandemic, The ...
Some bank branches are closing
HSBC Bank will close a quarter of its UK branches. According to a statement issued by the financial group on Wednesday, from April next year the number of branches will be reduced by 114, while 327 ...
Telecoms price hike
British telecoms company Vodafone has announced plans to raise prices for its services to cope with rising electricity prices and high inflation. The announcement was made on Tuesday by Nick Read, managing director of one of the ...
Buying the company
Octopus Energy has won the race to take on 1.5m Bulb customers in a deal in which the government will help fund the cost of buying them gas and electricity this wint...
Aston Martin shares
Automaker Aston Martin has announced a massive fundraising programme in which it will sell a 16.7 per cent stake in the Public Investment Fund. This was reported by the British newspaper Financial Times.
As the newspaper notes, ...
Investing in projects
Aviva, one of the UK's largest insurance groups, plans to use shareholders' money to finance infrastructure projects at an early stage. Such a decision would be a radical change in the company's internal investment efforts and ...
Robots for the home
Dyson has announced plans to develop domestic robots to help around the home. A major robotics department has been set up by the firm at its research facility at Hallavington Airfield in Wiltshire. As noted, the site will employ ...
Losses due to pandemic
International Airlines Group (LON: IAG) recorded a big loss in the first three months of the year as the COVID Omicron option reduced passenger numbers.
The pre-tax loss for International Airlines Group (I...
US trading blunder and report from Barclays
British financial conglomerate Barclays said its quarterly profit fell as Barclays noted pressure on customers from the cost of living and suffered from a United States trading blunder.
Barclays reported ...
Some businesses in Birmingham fear they will lose customers before Christmas following changes to Covid rules.
Purecraft Bar & Kitchen in the city centre said it was seeing up to about 30% cancellations.
Caterers at The Colmore Building, an off...
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