Wood Group shares soar after engineering giant rejects takeover bid from Dubai-based rival
It said the board concluded that the offer "fundamentally undervalued Wood and its future prospects" and rejected it earlier today.
Volkswagen boss: The EV sales slump is ‘not the end of the world’
A recent slump in electric vehicle sales shouldn't concern the automotive sector, VW's brand chief Thomas Schäfer has said.
EV delivery firm Packfleet branded ‘disgusting’ for plans to sack 30 drivers and replace them with gig economy contracts
EV courier Packfleet has informed workers of plans to sack 30 employed drivers and force them to become self-employed, City A.M. understands.
Private equity and venture capital investment into the UK has crashed since 2021
Private equity and venture capital investment into UK businesses fell by over 30 per cent to £20.1bn in 2023, according to a report from the industry body.
Uber: U-turn for company as it reverses back to a loss
Uber said it swung to the loss due to the revaluation of its equity investments and the costs of legal settlements related to its drivers.
Competition regulator to probe takeover of logistics firm Wincanton
The Competition and Markets Authority (CMA) will investigate logistics firm GXO's £764m acquisition of Wincanton, it has been announced.
Why the Bank of England won’t cut rates – even if it wants to
The Bank of England desperately wants to cut interest rates, but the caution of the Federal Reserve might mean they aren't able to.
Monzo’s valuation rises as fintech giant bags £150m funding for US growth
Monzo has raised $190m (£150m) in new funding, taking its total for the year to $610m (£490m) and raising its valuation to $5.2bn (£4.1bn), as the digital bank eyes up international expansion and a
Starmer ‘delighted’ by ex-Tory MP Natalie Elphicke’s defection to Labour
Conservative MP Natalie Elphicke has defected to join the Labour Party, with an attack on the “broken promises of Rishi Sunak’s tired and chaotic government”.
Former immigration minister Jenrick says Tories must win back ‘on strike’ voters
The Conservatives need to win back voters who have gone “on strike” over the failure to tackle immigration and extremism, Robert Jenrick has said.