Heineken Job Cuts Amid Falling Beer Consumption
Heineken is cutting 8,000 jobs globally due to a 5% drop in beer consumption, driven by health trends and economic pressures, with significant impacts in Europe and the US.
Category : Corporate
FRC Chair Sir Jan du Plessis to Retire in September
Sir Jan du Plessis, chair of the Financial Reporting Council, will step down in September, marking his retirement from corporate and public life after a distinguished career.
Pimco Backs £3bn Global Sport Group Refinancing
Asset management giant Pimco is anchoring a €2.35bn senior debt refinancing for CVC's Global Sport Group, part of a broader £3bn capital overhaul for the sports investment vehicle.
Katie Price Moving to Dubai with Husband Lee Andrews
Katie Price reportedly plans to leave the UK permanently for Dubai with husband Lee Andrews, purchasing property there despite family worries about his business credentials.
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FRC Begins Search for New Chair as du Plessis Steps Down
The Financial Reporting Council has initiated a recruitment process to find a successor for Sir Jan du Plessis, who is stepping down as chair after a tenure marked by regulatory reforms.
Alphabet's £1bn Century Bond for AI Investment
Google owner Alphabet raises £1bn through rare century bond as tech giants face massive AI capital costs, reviving a financing method last popular in the 1990s.
Barclays Denies Cautious Targets Signal Lack of Ambition
Barclays has firmly denied that its recent cautious financial targets indicate a lack of ambition for its investment banking division, amid market speculation.
Elliott Management Boosts LSEG Stake
Activist investor Elliott Management has raised its stake in the London Stock Exchange Group, intensifying pressure on the exchange operator amid strategic challenges.
CBA's Record Profit Sparks Investor Surge and Union Backlash
Commonwealth Bank reports a record $5.45bn half-year cash profit, driven by investor lending in Australia's housing market, while facing union criticism over workloads and automation.
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European Banks' Dealmaking Ambitions Defy 2025 Revenue Slump
European investment banks face a challenging 2025 with revenue declines in dealmaking, while U.S. rivals surge ahead. UBS CEO Sergio Ermotti remains optimistic about market share gains.
How Jeffrey Epstein Made His Millions
An in-depth look at how Jeffrey Epstein amassed a fortune estimated at $580m, from his early career at Bear Stearns to offshore tax havens and controversial client relationships.
Vashi Founder Faces Bankruptcy Bid Over £17.5k Debt
Vashi Dominguez, founder of collapsed luxury jeweller Vashi, faces bankruptcy proceedings as liquidators serve statutory demand for £17,500 repayment.
Saba Relaunches Campaign Against Scottish Investment Trust
American activist hedge fund Saba Capital renews its offensive against Edinburgh Worldwide Investment Trust, criticising board governance and past investment decisions.
Paramount Adds $650m Quarterly Payout to Warner Bros Bid
Paramount Skydance has enhanced its $108bn Warner Bros Discovery takeover offer with a quarterly delay payment to shareholders amid antitrust scrutiny, as streaming giants compete for assets.
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Jonathan Barnett Denies 'Sex Slave' Claims in Court
Football super-agent Jonathan Barnett, who negotiated Gareth Bale's record transfer, has denied serious allegations made by an Australian woman in a US court filing.
AstraZeneca CEO Secures NHS Deal, Boosts UK Investment
AstraZeneca CEO Pascal Soriot has finalised a drug pricing agreement with the NHS, enhancing UK investment and reinforcing Cambridge's biotech hub.
BP Suspends Buybacks in Major Strategic Shift
BP has suspended its share buyback programme and increased cost-cutting targets as the energy giant navigates leadership changes and retreats from renewable ambitions.
Barclays CEO on Epstein Files as Profits Hit £9.1bn
Barclays CEO expresses dismay over Epstein revelations as the bank reports a 13% profit rise to £9.1bn and faces ongoing legal fallout from ex-boss Jes Staley's ties.
British Man's 'Unnatural' Death in Vietnam Hotel Investigated
A British property specialist died in a Vietnam hotel room from a cocktail of prescription drugs, an inquest hears, as his mother pays tribute.
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Standard Chartered CFO Exit Sparks Share Price Fall
Standard Chartered shares fell nearly 5% after finance chief Diego De Giorgi left for Apollo, creating uncertainty about the bank's leadership succession plans.
Barclays Boss Demands Stability Amid Political Chaos
Barclays chief executive CS Venkatakrishnan urges political stability as Labour government faces uncertainty, with market jitters following key resignations.
BP Shares Slide on Buyback Suspension
BP shares fell sharply after the energy giant suspended its share buyback programme and increased cost-cutting targets, signalling a strategic shift away from green energy investments.
BP Profits Slide 16% on Weaker Oil Prices
BP reports a 16% drop in annual profits to $7.5bn due to lower oil prices, suspends share buybacks to fund fossil fuel expansion amid investor debate over direction.
BP Halts Share Buy-Backs as Profits Slide
BP has suspended share buy-backs after reporting weaker annual profits of $7.5bn for 2025, down from $9bn in 2024, amid falling oil prices and strategic shifts.
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Barclays Investment Bank Up 7% on Trading Gains
Barclays' investment banking division reported a 7% increase in revenue, driven by strong trading performance that compensated for a decline in dealmaking activity in the latest quarter.
Barclays Hikes Investment Banker Bonuses by 16%
Barclays has increased bonuses for its top investment bankers by 16% as the bank competes to retain talent in a challenging financial landscape.
Barclays £15bn Shareholder Bonanza After Profit Rise
Barclays announces £15bn shareholder returns through 2028 after posting £9.1bn pre-tax profit for 2025, beating expectations and launching a new £1bn buyback.
Standard Chartered CFO Andy Halford Steps Down
Standard Chartered announces CFO Andy Halford's departure after five years, with a search for his successor underway as the bank navigates strategic shifts.
NatWest's £2.7bn Wealth Deal Sparks Market Concerns
NatWest Group makes its largest acquisition since the financial crisis with a £2.7bn purchase of Evelyn Partners, expanding its wealth management division despite shareholder concerns over valuation and integration challenges.
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NatWest Buys Evelyn Partners for £2.7bn
NatWest has agreed to purchase Evelyn Partners, a major UK wealth manager, for £2.7 billion, marking its largest acquisition since the 2008 taxpayer bailout.
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