Browsing: Business Briefing

The Financial Times reports activist investor Cevian Capital has taken a €1.2bn stake in the Swiss bank UBS, betting it can double its valuation over the next three to five years.

UK inflation rate slows to 3.9%, lowest in more than two years The latest data from the Office for National Statistics (ONS) reveals that the…

Adobe has dropped its planned takeover of product design firm Figma due to UK and EU regulatory issues, the Financial Times reports.

Economy WTX Business exclusively reported that South Korea’s National Pension Service (NPS) and central bank are in talks to extend their foreign exchange swap programme…

Reuters exclusively reported that Apple (AAPL.O) has offered to let rivals access its tap-and-go mobile payments systems used for mobile
The post Apple offers to let rivals access tap-and-go tech in EU antitrust case  appeared first on Reuters News Agency.

Reuters exclusively reported that Chinese chip designers including Tencent Holdings (0700.HK) are aggressively pitching their AI chips as alternatives to
The post After US curbs, Tencent and small chip designers chase Nvidia’s China crown  appeared first on Reuters News Agency.

CITY AM SAYS Investors are hoping for a so-called Santa Rally to push the FTSE 100 further into the green this year.

The Financial Times splashes on a warning from the IMF that the Ukrainian economy could be in trouble if Kyiv’s allies don’t speed up extra funding for the war-torn nation.

EXCLUSIVE: Kevin Dowd said the City would ‘have to reorientate itself’ but added: “The potential longer-term opportunities would be enormous”.

Elon Musk’s car company is facing more safety woes.

The driver assistance system was found to be faulty in many vehicles.

CITY AM SAYS Fast fashion giant Shein has reportedly spoken to London stock market bosses about shifting a planned IPO from Wall Street to the capital. 

The Financial Times leads on the government’s migration bill vote passing – saying Rishi Sunak headed off a “right-wing revolt”.

UK economy shrank by more than expected in October In October, the UK economy contracted more than anticipated, with growth hampered by elevated interest rates…

Claims that the pensions triple lock benefits wealthier older people the most and should be overhauled have been slammed by campaigners.

The Financial Times focuses on anger at COP28, where oil-rich states have been accused of thwarting efforts to tackle the climate crisis.

Free Radical Design, the British studio whose founders created GoldenEye 007, is no more, as 80 staff lose their jobs two weeks before Christmas.

Reuters exclusively reported that Huawei Technologies’ (HWT.UL) new smart car software and components firm is set for a valuation of
The post Huawei’s new smart car firm valued up to $35 billion amid advanced stake talks  appeared first on Reuters News Agency.

CITY AM – Stubbed Out The front page of the London business paper reports on British-American tobacco has taken a £25bn hit on its legacy…

Labour has enlisted 10 City of London advisers to help the party ditch its “sneering” image, the Financial Times reports.

France trade deficit lifted in October by easing energy costs In October 2023, France’s trade deficit, which is the difference between what the country imports…

The Financial Times goes with the resignation of immigration minister Robert Jenrick, saying it scuppered Rishi Sunak’s bid to reunite his party.

The Financial Times leads with Brussels proposing a three-year delay to tariffs that were due to hit electric vehicle sales between the UK and EU.

‘Many people need the cash flow, and there’s lots of people for whom taking back the overpayment doesn’t impact what you pay in future, so get the money in your pocket.’

CITY AM SAYS Jeremy Hunt has denied the UK economy has a “broken leg” but admitted it is suffering from a “sprained ankle.”