Cineworld may axe around a quarter of its cinemas in the UK as it reportedly kicks off talks with landlords about a plan for closure. Landsec and Legal & General, …
Estate Planning
Harland & Wolff: Titanic shipbuilder teeters on the edge as government to reject £200m loan guarantee
The new Labour government is planning to reject shipbuilder Harland & Wolff’s request for a critical £200m loan guarantee needed to stave off collapse. The Belfast-based shipyard, which in its …
Tiger Woods talks up Open challenge and hits back at former European No1
Tiger Woods has insisted he can still challenge for the Open and taken a swipe at Colin Montgomerie over suggestions that the three-time Claret Jug winner should retire. Woods is …
Champagne Lanson’s UK sales fail to fizz despite popularity in London’s West End
An uptick in people toasting West End night outs with a glass of fizz failed to boost profit at the UK arm of bubbly producer Champagne Lanson, according to newly-filed …
Microsoft hires from Inflection AI now under microscope from competition watchdog
The UK’s competition watchdog has launched an inquiry into Microsoft’s hiring of former employees from Inflection AI, a US-based startup which Microsoft invested in last year. The Competition and Markets …
‘Green shoots all around’ for the UK venture capital scene but challenges remain
Only one per cent of small and medium-sized businesses are scale-ups – fast-growing businesses – yet they contribute £500bn to the UK economy. The problem is funding. The UK funding …
GSK moves into New Oxford Street office in boost for central London
London-based staff at GSK will have enjoyed a considerably shorter commute on Tuesday morning after the pharma giant opened the doors to its new West End office. In a big …
Investment banking boost for Bank of America and Morgan Stanley
Morgan Stanley became the latest Wall Street bank to report a benefit from an “improving” outlook for investment banking. In the three months to June, the bank’s profit jumped 40 …
Russian oil: UK and European states set to launch plan to target ‘shadow fleets’
Prime Minister Keir Starmer is set to launch a “call to action” for the private sector—including insurers—regarding the use of shadow fleets carrying Russian oil. The government, along with other …
Centrica: Supreme Court dismisses British Gas owner’s tax dispute with HMRC
Centrica, the FTSE 100 owner of British Gas, has lost an appeal against HMRC. The Supreme Court has dismissed an appeal by Centrica’s investment arm over the treatment of professional …