Vodafone CEO: No Retail Redundancies After Three Merger
Vodafone's CEO Margherita Della Valle pledges no forced redundancies for retail staff following the Three merger, despite planned store closures and £700m synergy targets.
Category : Corporate
JPMorgan's Ina De Retires After 40 Years
Ina De, a senior executive at JPMorgan, has retired from the bank following a career spanning almost 40 years, marking a significant transition in the firm's leadership.
Shell's Debt Hits Record High as Payouts Surge
Shell has increased its multibillion-pound debt pile to unprecedented levels while simultaneously delivering record shareholder payouts, raising concerns about financial sustainability amid volatile oil prices.
BNP Paribas Trading Up, M&A Fees Edge Down
BNP Paribas reports a slight decline in dealmaking fees for the first half of 2024, offset by a significant increase in trading revenues amid volatile market conditions.
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Paul Weiss Chairman Brad Karp Resigns Over Epstein Emails
Brad Karp, chairman of law firm Paul Weiss, has resigned following revelations of his involvement in Jeffrey Epstein emails, sparking a major leadership crisis.
Brad Karp Steps Down After Epstein Files Revelations
Brad Karp, the long-serving chair of Paul Weiss, has resigned following revelations in the Jeffrey Epstein files, marking a significant leadership change at the top law firm.
Moelis Pay Costs Jump 22% as Deal Fees Hit Record High
Investment bank Moelis & Co. has seen a 22% increase in compensation expenses, driven by record-high deal fees, highlighting rising costs in the financial sector.
Nike EEOC Probe: White Employee Discrimination Claims
The US Equal Employment Opportunity Commission is investigating Nike following allegations of discrimination against white employees, raising questions about corporate diversity policies.
UK M&A: Value Up 12%, Volume Down 12% in 2025
UK merger and acquisition activity saw deal value increase by 12% to £131bn in 2025 despite a 12% drop in volume, driven by demand for digital and energy infrastructure assets amid AI growth.
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Bill Gates Regrets Epstein Ties as Melinda Addresses Marriage
Bill Gates has publicly expressed regret over his association with Jeffrey Epstein, while his ex-wife Melinda French Gates alluded to painful aspects of their marriage during a revealing interview.
Barclays and Natwest in £2bn Bidding War
Barclays and Natwest prepare competing £2bn+ bids for Evelyn Partners, as UK banks pivot toward wealth management for stable fee-based income amid falling interest rates.
Barclays and NatWest to Bid for Evelyn Partners
Barclays and NatWest are set to table formal bids for Evelyn Partners, a £2bn wealth manager, as an auction concludes this week, with both banks aiming to strengthen their wealth management divisions.
Shell CEO to Get £4.5m Pay Rise, Could Hit £19.2m
Shell's chief executive Wael Sawan is reportedly in line for a £4.5m annual pay increase, with his total remuneration potentially soaring to £19.2m under new boardroom policy.
Shell CEO Could Get £19m Pay Package
Shell plans to increase CEO Wael Sawan's pay, with a new long-term incentive worth £13.8m potentially boosting his total package to over £19m annually.
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Purpose-Driven Firms Outperform Rivals, Says Expert
Sustainability entrepreneur Will Pearson explains how UK companies integrating environmental and social impact into strategy are gaining a competitive edge and driving long-term growth.
Pinterest Fires Engineers for Identifying Sacked Staff
Pinterest has dismissed two engineers who developed software to identify colleagues affected by recent job cuts, violating company policy and privacy.
Santander's UK Profit Lags as US Deal Sealed
Santander reports record €20.9bn global profit for 2025, but UK operations are hampered by a £295m motor finance provision. The bank also announces a $12.2bn acquisition of Webster Financial in the US.
UBS Investment Bank Profit Jumps 34% Despite Deal Decline
UBS's investment banking division reported a 34% increase in quarterly profit, driven by strong trading and wealth management, even as global deal-making activity declined.
Baird Targets European M&A Market After Hiring Spree
Baird, the US investment bank, is aggressively targeting the European mergers and acquisitions market following a significant hiring spree, aiming to capitalise on cross-border deal opportunities.
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Epstein's Silicon Valley Links Exposed in Emails
Newly released emails show Jeffrey Epstein maintained connections with tech billionaires like Elon Musk and Jeff Bezos years after his prison release for sex offenses, attending exclusive dinners.
Odey Hedge Fund Ignored HR Law, Claims Report
Crispin Odey, founder of Odey Asset Management, reportedly told his executive committee that human resources law did not matter at his hedge fund, sparking controversy and scrutiny over workplace practices.
Netflix CEO Grilled by Senators Over Warner Bros Merger
Netflix co-CEO Ted Sarandos testified before a Senate subcommittee, facing intense questioning on competition, job losses, and accusations of promoting 'woke' content to children during the Warner Bros Discovery acquisition hearing.
SpaceX's $1.25tn xAI Merger: A Bailout for Minority Investors?
Elon Musk's merger of SpaceX with xAI at a $1.25tn valuation raises concerns among minority shareholders, who see it as a bailout for the loss-making AI firm.
Mandelson Lobbied JP Morgan for Rothschild, Epstein Emails Show
Newly released Jeffrey Epstein files reveal Peter Mandelson lobbied JP Morgan to underwrite Nat Rothschild's £700m mining venture while serving as business secretary.
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Odey Fund Found 46 Inappropriate Conduct Claims
Court filings reveal Crispin Odey's hedge fund uncovered nearly 50 allegations of inappropriate behaviour against the founder over 17 years, as he battles FCA ban.
Chico Lost Everything in Dubai Investment Scam
X Factor legend Chico Slimani details how a Dubai investment scam left him penniless, leading to his transformation into a wellness guru with BlockFit.
SpaceX Merges With xAI in $1 Trillion Deal
Elon Musk's SpaceX has acquired his AI startup xAI in a landmark $1 trillion merger, creating the world's most valuable company valued at over $1.25 trillion.
Katie Price's Family Fears Over Whirlwind Marriage
Katie Price's family expresses deep concern over her rapid marriage to Lee Andrews, with sources warning of potential fallout amid revelations about his past.
Disney Names Josh D'Amaro as New CEO
Disney has announced Josh D'Amaro as its next chief executive, marking a significant leadership transition after Bob Iger's return to stabilise the company following a problematic succession.
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Muller vs HMRC: Tax Battle Over Goodwill Claims
Yoghurt giant Muller is taking HMRC to the Court of Appeal in a legal dispute about claiming corporation tax breaks on goodwill and brands through internal partnerships.
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