Big Tech Fines Fail to Deter as Cash Flow Absorbs Costs
Major tech firms like Alphabet, Apple, Meta and Amazon faced $7.8bn in fines in 2025, but could pay them in under a month using free cash flow, raising questions about regulatory effectiveness.
Category : Corporate
Ocado Hit as Canadian Partner Closes Robotic Warehouse
Ocado shares plummet nearly 10% after Canadian partner Sobeys announces closure of Calgary robotic warehouse, marking another setback for the UK online delivery group's expansion strategy.
Santander Closes 44 UK Branches, 300 Jobs at Risk
Santander UK is closing 44 branches, putting nearly 300 jobs at risk, as it prepares for its £2.6bn takeover of TSB. The move reflects a shift to digital banking.
This Bank's Bland Rebrand: A Corporate Identity Crisis
City Editor Simon Hunt critiques This Bank's unimaginative corporate rebrand from JN Bank, comparing it to historic branding failures like Abrdn and Consignia.
Lloyds Launches £1.8bn Buyback After Profit Beat
Lloyds Banking Group has launched a £1.8bn share buyback programme after reporting better-than-expected 2025 profits, with pre-tax earnings reaching £6.7bn.
Tesla Axes EV Models in Robotics Revenue Drive
Tesla discontinues Model S and X production to focus on robotics and AI, with $20bn investment amid revenue decline and competitive EV market pressures.
Deutsche Bank Profit Jumps 32% as Deal-Making Slips
Deutsche Bank's investment banking division reports a 32% profit increase to €1.3 billion, even as deal-making revenue falls sharply amid market challenges.
Houlihan Lokey Revenue Up 13% on M&A Fees
Investment bank Houlihan Lokey reports a 13% increase in revenue, fuelled by higher fees from mergers and acquisitions activities in the latest financial period.
Tesla Revenue Drops 11% Amid AI Pivot
Tesla reports first-ever yearly revenue decline with automotive revenues down 11% in 2025, as Elon Musk redirects focus toward robotics and AI technologies.
Bank of America Promotes Lo Piccolo to Lead Italy
Bank of America has promoted Andrea Lo Piccolo to lead its operations in Italy, a strategic move to strengthen its presence in the European market.
Nicola Peltz's $1M Monthly Allowance Exposed
Nicola Peltz reportedly receives a $1 million monthly allowance from her billionaire father, amid family drama with the Beckhams. Details on her lifestyle and spending habits.
Amazon Confirms 16,000 Job Cuts After Email Error
Amazon has announced 16,000 global redundancies after an internal email was mistakenly sent to staff, bringing total white-collar cuts to 30,000 in six months.
Deutsche Bank Offices Raided by German Prosecutors
German prosecutors have executed search warrants at Deutsche Bank offices in Frankfurt, investigating potential compliance failures related to money laundering and terrorist financing.
KKR in Talks for £2.4bn CVC Sports Stake
KKR is negotiating a £2.4bn deal to invest in CVC's Global Sport Group, which holds stakes in Six Nations Rugby, women's tennis, and European football leagues.
BlueCrest Fights £200m Tax Ruling as HMRC Battle Begins
BlueCrest Capital Management has launched a fierce defence against a £200m tax bill from HMRC, criticising the ruling as 'hopelessly vague' in a high-stakes legal battle.
Hakluyt Taps Sedwill and Boro for Board Roles
Strategic advisory firm Hakluyt strengthens its board with former cabinet secretary Lord Mark Sedwill and Economist Group CEO Lara Boro, enhancing its geopolitical and digital expertise.
Amazon to Cut 16,000 Jobs in Global Restructuring
Amazon has confirmed plans to cut approximately 16,000 jobs worldwide as part of a strategic effort to streamline operations and reduce bureaucracy across the business.
Amazon Job Cuts Revealed in Error Email
Amazon accidentally disclosed fresh global job cuts in an email sent in error to AWS workers, referencing 'Project Dawn' and affecting US, Canada, and Costa Rica roles.
Fitzwalter's Final Bid for Auction Tech Group
Fitzwalter Capital makes a final 400p per share cash offer for Auction Technology Group, warning shareholders risk missing out if the board restricts due diligence access.
Santander Hires Barclays' Lindop for Metals & Mining Deals
Santander has recruited James Lindop from Barclays to head its metals and mining investment banking division, aiming to boost dealmaking in the sector.
Deutsche Numis Trims Senior Dealmakers in Strategy Shift
Deutsche Numis reduces senior dealmaking roles in London despite a planned hiring spree, reflecting strategic adjustments in the competitive investment banking sector.
Man Group Hires Former HSBC Europe Boss Bell
Investment firm Man Group has recruited former HSBC Europe head John Bell to bolster its leadership team, marking a significant strategic move in the financial sector.
Citigroup Hikes London Dealmaker Bonuses by 15%
Citigroup has increased bonuses for its London-based dealmakers by up to 15%, aiming to retain top talent in a competitive financial market.
Sydney Sweeney Could Face Charges Over Hollywood Sign
Actress Sydney Sweeney may be charged with trespassing and vandalism after hanging bras on the Hollywood sign to promote her new lingerie line SYRN.
UPS to Cut 30,000 Jobs in 2026 Turnaround Plan
United Parcel Service announces up to 30,000 job cuts in 2026, adding to previous reductions, as it shifts from low-margin Amazon deliveries to boost profitability and revenue.
KPMG Global Chair and CEO Election Underway
KPMG International launches process to elect new global chair and CEO to succeed Bill Thomas, with candidates emerging amid sector challenges including AI, regulatory pressures, and private equity interest.
Cafe Foils Fraudster's Milkshake Injury Scam
A Brighton man with nearly 200 previous offences was caught trying to scam an Eastbourne cafe with a fabricated story about a milkshake cup lid injuring his grandchild.
Osborne Firm Pays £1m Despite Losses
George Osborne's family wallpaper company paid nearly £1m to directors while posting £473k losses, with sales hit by Trump tariffs and tax payments plummeting.
BlueCrest's £200m Tax Fight Hits Supreme Court
Michael Platt's hedge fund BlueCrest Capital faces HMRC at the Supreme Court in a landmark case over whether LLP members are 'disguised employees' for tax purposes, with £200m at stake.
Dr Martens Shares Slump 13% After Sales Drop
Dr Martens shares fell 13% after reporting a 2.7% revenue decline in the golden quarter, driven by weak direct-to-consumer sales in Europe and Asia.
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