Argentina threatens UK oil firm CEO with jail over Falklands drilling
"As recently as , Argentina wrote to me and Rockhopper's chief financial officer personally threatening us with criminal prosecution, imprisonment and fines under its domestic legislation," Moody said. The disclosure was…
Read more
Burberry shares jump as turnaround puts trench coat back in fashion
The FTSE 100 group took a £19m pre-tax profit in the six months to the end of September, recovering from its £48m loss at the same time last year, as its revenue grew six per cent to £1.1bn. Shares in the group gained…
Read more
Neets tsar Milburn says benefits overhaul will lead to savings ‘in a decade’
Ahead of his report’s publication, Milburn said young people should no longer claim benefits as he argued that the welfare system should focus on employment investment, mental health support and helping people build a…
Read more
WH Smith boss blames woes on ‘forced growth’ as profit falls
The London-listed travel retailer posted a £76m pre-tax profit in the year to the end August, 28 per cent lower than last year. After multiple profit warnings earlier this year the group had cut its target to £75m…
Read more
Water industry bonus ban to be tightened as Ofwat warns of ‘damage to public trust’
Anglian will face increased monitoring of its governance arrangements because of the controversial payments. Angela Eagle, the environment secretary, said she wanted to "close loopholes" so that "failure doesn't pay".…
Read more
Metro Bank puts itself up for sale after turnaround
The London-listed bank announced on Thursday that it had launched a formal sale process as part of a wider strategic review aimed at accelerating growth and maximising returns for shareholders. Metro Bank has appointed…
Read more
Nvidia board weighs ousting Jensen Huang after second affair revealed
The company’s directors are weighing the future of its billionaire founder following reports that Huang had a relationship with a female Nvidia executive who reported directly to him, according to the New York Times. The…
Read more
UK economy grows 0.7 per cent as AI boom lifts business investment
The UK economy grew by 0.7 per cent between July and September, official data has shown, as spending held up in the face of a spike in energy prices caused by the Iran war. The Office for National Statistics said GDP…
Read more
Hyrox wants to be in the Olympics but at what cost for triathlon?
Ended my sentence with a dot dot dot. Might as well have rolled my eyes. Within days, however, World Triathlon had announced that it was admitting Hyrox into its federation, and hence into the wider Olympic family, if…
Read more
FTSE 100 Live: Stocks gain; AI boom lifts UK economic growth
UK economic growth sped up from 0.5 to 0.7 per cent in the third quarter of this year, the Office for National Statistics revealed this morning, as the AI boom lifted the country’s services sector. Stick with us for all…
Read more