Trustpilot Shares Rocket 17% on AI-Driven Profit Surge
Trustpilot's shares surged 16.9% after the FTSE 250 firm reported a near-tripling of pre-tax profit to £14.1m for 2025, crediting AI investments for boosting visibility and growth.
Category : Corporate
Close Brothers Cuts 600 Jobs After Motor Finance Scandal
Close Brothers announces a 20% workforce reduction, cutting 600 jobs by 2027, as it faces mounting losses from the motor finance mis-selling scandal and aggressive cost-cutting measures.
Experts Say 'Hope You're Well' Email Greeting Is Overused
Workplace management experts are urging professionals to abandon the clichéd 'hope you're well' email opener, calling it impersonal and dull. They recommend more thoughtful alternatives to create better connections.
Tilray Buys Brewdog US Bars After UK Acquisition
US cannabis firm Tilray Brands has acquired Brewdog's US operations, including bars and a brewery, after purchasing the craft beer giant's UK and Australian arms, resulting in significant job losses.
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UniCredit's Hostile €35bn Bid for Commerzbank Faces German Opposition
Italian banking giant UniCredit escalates its pursuit of Germany's Commerzbank with a €34.7bn hostile takeover attempt, triggering strong resistance from the German government which seeks to protect the lender's independence.
Edinburgh Trust Urges Investors to Back Exit Plan
Edinburgh Worldwide Investment Trust's chair warns shareholders that a US activist investor is likely to seize control, urging support for a tender offer as the only remaining option to avoid Saba Capital's governance overhaul.
Citigroup M&A Head Evans Joins Takeover Panel
Citigroup's UK mergers and acquisitions head, James Evans, has been appointed to the Takeover Panel, a key regulatory body overseeing corporate takeovers in the UK.
Julius Baer CEO Pay Jumps After Goldman Sachs Move
Julius Baer's CEO, Philipp Rickenbacher, saw his total compensation increase significantly after being recruited from Goldman Sachs, reflecting competitive market pressures in private banking.
Standard Chartered Hires Low for Oil and Gas M&A Leadership
Standard Chartered has appointed a new head for its oil and gas mergers and acquisitions division, signaling strategic focus on energy sector deals amid market shifts.
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Treasure Hunter Freed, Gold Coins Still Missing
Tommy Thompson, who discovered the historic Ship of Gold, has been released from prison after 10 years. He never revealed the location of 500 missing gold coins from the 1857 shipwreck, leaving investors and authorities in the dark.
Media Co-Owner Catalano Takes Leave After Assault Allegations
Antony Catalano, co-owner of Australian Community Media, has taken a six-month leave and entered rehab following charges of assaulting a woman, with ACM distancing itself from the executive.
Michael Hayman Elected Chair of British Chambers of Commerce
Entrepreneur Michael Hayman has been unanimously elected as the new chair of the British Chambers of Commerce, succeeding Sarah Howard who served for over six years.
UniCredit Bids to Take Over German Bank Commerzbank
Italian banking giant UniCredit has officially launched a takeover offer for Germany's Commerzbank, aiming to create a major European financial powerhouse.
Hookworms in UK Offices: Parasitic Colleagues Undermine Morale
UK workplaces are plagued by 'hookworm' colleagues who sabotage peers while flattering bosses. Experts reveal how to identify and deal with these toxic personalities.
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Goldman Sachs Pay Hits £960k for City Staff Amid Fee Boom
Goldman Sachs has increased compensation for its London-based staff to an average of £960,000, driven by a significant rise in trading and dealmaking fees, reflecting robust financial performance in the City.
City Firms Struggle to Find Board Chairs Amid Talent Shortage
London's financial sector is grappling with a severe shortage of board chairs, with firms citing high pressure and limited upsides as key deterrents for top executives.
Diversity Project Rebrands to Inclusion in Finance
The Diversity Project has rebranded to Inclusion in Finance, expanding its focus to promote broader inclusivity across the financial sector in London and beyond.
Treasure Hunter Freed After Decade for Hiding Gold Coins
Tommy Thompson, 73, released after refusing to reveal location of 500 gold coins from SS Central America wreck. He faces fines and supervised release.
Katie Price's Husband Faces Unpaid Dubai Wedding Bill
Lee Andrews, husband of Katie Price, has reportedly failed to settle a substantial wedding bill at Dubai's luxury One&Only Royal Mirage hotel nearly two months after their ceremony, amid ongoing financial and legal controversies.
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Media Boss Antony Catalano on Leave After Being Charged
Antony Catalano, co-owner and chair of Australian Community Media, has been placed on immediate leave after facing court charges related to an alleged incident involving a woman at an apartment building.
Katie Price Husband Accused of Begging for Cash
Lee Andrews, Katie Price's new husband, allegedly sent voice notes begging an American woman for £3,000 days before proposing to the former glamour model, according to reports.
Halal Certifier Defamed Rival with False Terrorism Claims
A Victorian court ruled that the Islamic Co-ordinating Council of Victoria suffered malicious falsehood after a competitor falsely accused it of funding terrorism, leading to a contract cancellation.
Lord Roborough Denies FCA Pressure in Odey Legal Dispute
Former Odey Asset Management partner Lord Roborough testifies that pressure to act against Crispin Odey came from legal advice, not the FCA, in a high-stakes court battle over misconduct allegations.
Jo Malone Sues Estee Lauder Over Name Use in Fragrance Deal
British fragrance entrepreneur Jo Malone is being sued by Estee Lauder Companies for allegedly breaching a 1999 agreement restricting her use of the name 'Jo Malone' in commercial ventures.
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Celebrity GoFundMe Campaigns Fuel Debate on Financial Aid
Following the death of James Van Der Beek, GoFundMe campaigns for celebrities have ignited controversy. Supporters argue stars face financial hardships, while critics question the need for public donations from wealthy figures.
Ex-Citigroup Exec Carreon Fights to Keep Harassment Case in NY
A former Citigroup executive, Carreon, has filed a motion to retain a sexual harassment lawsuit in New York, challenging attempts to move it to another jurisdiction.
LSEG CEO Pay Falls 18% After Share Price Slump
London Stock Exchange Group CEO David Schwimmer's total pay fell by 18% to £6.3 million in 2023, following a significant drop in the company's share price and performance.
Shell CEO Pay Up 20% as Profits Fall 40%
Shell CEO Wael Sawan's pay increased to £8 million in 2025 despite a significant drop in the oil giant's profits, sparking debate over executive compensation.
Estee Lauder Sues Jo Malone Over Zara Deal
Beauty giant Estee Lauder has filed a lawsuit against perfumer Jo Malone and her brand Jo Loves for allegedly breaching a 1999 agreement by partnering with Zara on a new fragrance collection.
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Estée Lauder Sues Jo Malone Over Zara Fragrance
Cosmetics giant Estée Lauder takes legal action against perfumer Jo Malone for using her name on a Zara fragrance, alleging breach of 1999 sale agreement.
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