Diageo shares surge amid Guinness sale rumour
Diageo’s shares spiked to the top of the FTSE 100 today amid a rumour the company is looking to spin off or sell its most famous brand, Guinness, for up to £8bn. The transaction was first reported
Mastercard: Funder sues own class rep for £200m settlement in £10bn case
In shocking turn of events, the funder in the Mastercard litigation is seeking to sue its own class rep on the class action it funded over a £200m settlement
The Week in Business: Reeves tries to rescue the non-doms
It’s a funny old world when the pleas of pensioners, farmers and shopkeepers fall on deaf ears but a Labour chancellor flies to Davos to break the news that she’s “listened to the concerns of th
Rolls-Royce signs £9bn submarines deal to create 1,000 jobs
Rolls-Royce has signed a £9bn submarines deal which will create 1,000 jobs and is the biggest UK Ministry of Defence (MoD) contract in its history. The eight-year Unity contract covers research and t
The Works: Arts and crafts retailer slashes losses as new strategy unveiled
High street arts and crafts retailer The Works reported a significant improvement in profitability for the first half of its financial year, as it unveiled a new strategy. Adjusted earnings before int
Demand for buy-to-let lending boosts Paragon Bank
Paragon Banking Group reported a strong start to the financial year on the back of higher lending to buy-to-let landlords.
Severn Trent hikes dividend despite balance sheet concerns
Severn Trent, one of the UK’s biggest water companies, has announced plans to hike its full-year dividend despite coming under fire for artificially inflating its balance sheet using an accounting t
Burberry: Share price spikes as luxury giant’s transformation shows green shoots
British luxury brand Burberry has reported a boost in demand for its core products after implementing a wide-ranging turnaround plan, although overall revenue has continued to fall. The company’s sh
The UK’s housing crisis is creating a generation of broke retirees
The affordability crisis in the UK housing market is creating a generation who will still face monthly mortgage or rent payments well into retirement, according to a new study. With deposits increasin
Revealed: Who paid the most tax in 2024?
One of the UK’s richest hedge fund managers paid the most tax in the UK this year, contributing over £339m in just 12 months, according to the Sunday Times Tax list. Sir Chris Hohn, who founded Bri