NatWest Group has sold its HR advisory business Mentor to private equity-backed Empowering People Group, continuing CEO Paul Thwaite's strategy to streamline operations and focus on stable income sources like wealth management.
Barclays has lost its Chief Investment Officer for wealth management to Brooks Macdonald, marking a significant personnel shift in the financial sector.
The Financial Reporting Council introduces a transformed audit supervisory model, replacing uniform standards with a risk-proportionate system focused on firm-wide quality management controls.
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Diageo's subsidiary has sold the Royal Challengers Bangalore cricket team for £1.3 billion to a consortium of investors, as the drinks giant focuses on its core business under new leadership.
Hotel magnate Sir Rocco Forte reveals how UK inheritance tax changes and anti-business policies threaten his £1.4bn family firm, forcing expansion abroad as Britain's reputation declines.
Crispin Odey, 67, claims he groped a colleague while under dental anesthesia as he challenges his ban from UK finance over 46 misconduct allegations spanning nearly two decades.
The battle for Janus Henderson escalates as Trian Fund Management and General Catalyst increase their cash offer to $52 per share, challenging Victory Capital's competing bid in a heated takeover contest.
Hedge fund tycoon Crispin Odey testified at the High Court, defending his conduct toward female employees while facing a £1.8m fine and ban from the FCA over sexual harassment allegations.
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Larry Fink warns that the AI boom may accelerate inequality, with only a few firms and investors reaping rewards, and calls for more public participation in capital markets.
The US cosmetics giant Estée Lauder is in discussions with Spanish group Puig, owner of Jean Paul Gaultier, about a potential merger that would create a $40 billion fashion and beauty powerhouse.
Hedge fund manager Crispin Odey argues his interactions with a receptionist were consensual as he contests a Financial Conduct Authority fine for misconduct.
Leonid Radvinsky, the Ukrainian-American entrepreneur who owned adult content platform OnlyFans, has died from cancer at age 43. The company confirmed his passing.
A Cornell University study shows that employees impressed by corporate buzzwords may struggle with practical decisions, leading to dysfunctional leadership and poor business outcomes.
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French consumer goods giant Danone has acquired British protein shake maker Huel for €1 billion, with co-founder Julian Hearn set for a massive payout and actor Idris Elba among investors benefiting.
Leonid Radvinsky, the reclusive Ukrainian-American billionaire who owned OnlyFans, has passed away at age 43 following a long fight with cancer, the company confirmed.
French food giant Danone acquires UK meal-replacement brand Huel for approximately €1 billion, marking a strategic move to expand its nutrition-focused portfolio under CEO Antoine de Saint-Affrique.
Lee Andrews, husband of Katie Price, reportedly faces a police investigation in Dubai over allegations of forgery and financial misconduct, with a travel ban preventing his departure.
Top UK business executives accuse government ministers of prioritizing short-term political gains over long-term economic growth, forming new alliance to address strategic planning gap.
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The Financial Conduct Authority disclosed it spent nearly £1.8 million investigating former Barclays CEO Jes Staley's ties to Jeffrey Epstein, with costs covering legal and enforcement actions.
BlackRock CEO Larry Fink faces a costly lesson in market timing following the firm's recent private credit acquisition, highlighting risks in high-stakes financial deals.
A California jury ruled Elon Musk responsible for Twitter's stock plummet during his 2022 acquisition, awarding investors a potential multi-billion dollar verdict in a historic securities case.
The US-Israeli war on Iran has led to widespread sporting event cancellations in the Gulf, exposing vulnerabilities in the region's plans to diversify economies through sports investments.
Fortress Investment Group is reportedly preparing to offload Majestic Wine, Britain's largest specialist wine retailer, nearly seven years after acquiring it. The sale process could begin next year.
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A US jury has ruled that Elon Musk misled investors by driving down Twitter's share price before his $44bn takeover, though he was cleared of some fraud claims. Damages could reach billions.
Unilever, valued at nearly £100bn, is discussing a potential all-stock deal to combine its food division with US-based McCormick, shifting focus to personal care and beauty products.
Teen darts champion Luke Littler applies to trademark his face, aiming to prevent AI-generated fake products, after a Premier League win in Dublin where he discussed fan reactions.
Software giant Atlassian has laid off 10% of its workforce, with nearly 500 Australian employees losing their jobs as the company pivots toward AI integration. Former staff describe sudden terminations and concerns about AI replacing human roles.
Teenage darts star Luke Littler applies to trademark his own face, aiming to prevent unauthorized AI products from using his likeness without permission.
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Unilever's potential sale of its food brands, including Marmite and Hellman's, to McCormick has drawn cautious investor response. Analysts warn of long-term payoffs and execution risks as the company focuses on beauty and personal care.
