The Ukrainian government is pursuing an embezzlement case against a Ukrainian billionaire by suing him through a subsidiary of his London-listed company. Kostyantyn Zhevago, who controls FTSE 250-listed iron pellet …
Investing
Iceland boss and former Tory donor Richard Walker switches backing to Labour
The executive chairman of Iceland supermarket has given his backing to Labour, saying the party was the “right choice” for business and voters. Richard Walker, the executive chairman of the …
Troubled investment trust D9 confirms ‘managed wind down’ after debt and share woes
Digital 9 Infrastructure (D9) has confirmed it is winding down the company after it bought too many companies and tripped over its large pile of debt. On Monday, the London-listed …
Big companies at risk as nearly a fifth of listed firms issue profit warnings in 2023
Large listed companies came under increasing financial strain over 2023, new figures show, as the burden of higher interest rates weighed heavily on corporate balance sheets. In the final quarter …
Rise of long-term sickness deepens regional inequalities, report finds
The rise in long-term sickness is deepening existing health inequalities and hampering the labour market’s post-pandemic recovery, new research suggests. Rising inactivity due to ill-health has been a worrying trend …
London house prices: Best time to buy since 2016, experts say, but it won’t last
House prices in London will become more affordable this year, according to a new report, but the capital has been warned not to “get carried away” amid a frenzy of …
American adventure continues for Domestic & General as it makes second acquisition
International appliance care specialist Domestic & General (D&G) has made its second US acquisition following a $75m deal last year. The group, which has a revenue of nearly £1bn and …
Staggering 90 per cent of £500k-a-year professionals denied a mortgage
Corporate high-flyers making more than half a million pounds per year are being knocked back for mortgages, a new report has found. Data, shared with City A.M by financial services …
BT heads to court to fight £1.3bn class action
Telecoms giant BT is set to appear in court today as it faces a £1.3bn class action over allegations it has “disproportionately overcharged” its landline customers, many of whom are …
Investors to focus on AI and antitrust issues as Amazon, Apple and Meta line up to report
Microsoft, Meta, Apple, Amazon and Google owner Alphabet are set to report quarterly earnings this week amid a bullish streak for the tech mega-caps in the S&P 500. The US …