Oil and gas exploration company Petrofac said today it remained “in discussions” with its lenders with regard to the restructuring of debt. In a stock exchange notice today, the London-listed…
Bermuda-based London-listed speciality insurance group R&Q Insurance Holdings has said it will report a “significant pre-tax loss for the year.” While the company said its plans to sell key business…
Labour leader Keir Starmer has committed to a massive increase in defence spending and said this morning that Britain’s nuclear deterrent is a “bedrock” of his policy. The prospective prime…
UK sales have surged past £500m at the owner of confectionary brands such as Ferrero Rocher, Nutella and Kinder Surprise, according to new accounts. Ferrero UK, which also owns Thorntons…
The UK and the Republic of Korea are gearing up for the second Artificial Intelligence (AI) Safety Summit, set to be held in Seoul on 21 and 22 May. It…
The Financial Conduct Authority (FCA) has written to motor finance firms to “remind them they must maintain adequate financial resources at all times.” The regulator announced the move this morning…
Britain’s competition watchdog has issued a cautionary update on artificial intelligence (AI) powered foundation models (FMs), expressing concern over potential threats to fair competition and consumer welfare. In a report…
Asset manager Premier Miton saw investors continue to pull millions from its funds over the last six months, but managed to bring its assets under management up due to strong…
Sigmaroc booked £214m in revenue in the last quarter as its chief hailed a “transformational” €1bn (£853m) deal to acquire a string of European lime businesses. The AIM-listed building materials…
The United States’ Securities Exchange Commission (SEC) has struck against crypto once again. Their latest Wells notice, a warning indicating the regulator’s intent to pursue legal enforcement, targeted one of…