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Business

  • Brookfield snaps up UK onshore wind developer in reported $1bn deal

    ENERGY

    One of the UK's largest renewable developed has been snapped up by Brookfield in a boost to the country's onshore industry.

  • Tories ‘absolutely failed’ to lead debate on net zero, says minister

    energy

    Nuclear minister Andrew Bowie said that the Conservatives had “absolutely failed” to have a national conversation about net-zero.

  • Burger King still operating in Russia despite vow to quit 18 months ago

    Russia

    Burger King is still operating in Russia despite a promise from its owner that it would cease operations in the country more than a year ago.  Restaurants Brand International (RBI) – which owns 15 per cent of the fast food chains franchise business in Russia- told the BBC it had “no new updates to share [...]

  • ‘Brand thieves’: Easyjet’s parent firm takes legal action against UK band Easy Life

    October 3, 2023

    Easyjet’s parent company Easygroup is suing a Leicestershire band over the use of ‘easy’ in its name. The artist called Easy Life has said the airline’s biggest shareholder is taking legal action against it, with the aviation giant insisting it has chased numerous similar cases in the past. Easy Life is a five-member band formed [...]

  • Aurelius: Lloyds Pharmacy owner joins race for The Body Shop

    October 3, 2023

    The owner of Lloyds Pharmacy, Aurelius, is understood to have joined the race to buy ethical cosmetics brand The Body Shop, as it looks to change hands again for the third time in five years.  The investment company has joined Epiris, the private equity firm, and Elliott Advisors, the owner of Waterstones in the bidding [...]

  • FCA dismissed whistleblower’s ‘extreme retaliation’ claims with legal mistake

    October 3, 2023

    The City watchdog dismissed the complaints of a whistleblower and allegedly left them open to a barrage of retaliation from their former employer because officials wrongly interpreted the law, City A.M. has learned.

  • London business confidence stalls as concerns around inflation remain for firms

    October 3, 2023

    Easing inflation has failed to improve business confidence in London, with just a quarter of firms anticipating the capital's economy to improve over the next year.

  • China: Evergrande shares soar after property developer’s stocks resume trading

    October 3, 2023

    Shares of debt-laden property developer China Evergrande Group soared on Tuesday after they resumed trading in Hong Kong following a suspension last week. By midday, Evergrande’s shares were up nearly 16% after jumping more than 60% early in the session. Evergrande is the world’s most heavily indebted property developer and is at the centre of [...]

  • Oil pulls back as OPEC boss warns high prices are here to stay

    October 3, 2023

    Oil prices have pared back from last month's rally, weighed down by a stronger US dollar and rising bond yields.

  • Boohoo warns of further sales falls as tough buyer market takes its toll

    October 3, 2023

    Fast fashion giant Boohoo’s said its revenues fell by 17 per cent in the six months to August to £729m, and warned of further sales falls in the year ahead.  The online shopping brand, which has been undergoing a turnaround plan, said that in the year ending February revenues could slip by between 12 to [...]

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