WeWork: Is it nearly the end for the ‘future of work’ office firm? November 1, 2023 WeWork, the office leasing company, is headed for Chapter 11 bankruptcy protection, according to a number of reports in the US overnight. The firm has been battling a substantial debt pile for years and earlier this year flagged ongoing concerns and worries to investors. Bankruptcy protection in the US would give the firm, which once [...]
Another UK firm to be snapped up by a US corporate in £115m deal October 31, 2023 The board of AIM-listed Sopheon announced today that its directors have reached an agreement in principle of a cash offer from US software and data firm Wellspring.
Michael Gove: ‘Immoral’ asset managers have ‘co-opted’ diversity agenda October 31, 2023 “We have seen a concentration of wealth, a tendency towards monopoly and oligopoly that has meant that the gains of economic growth have increasingly been concentrated in the hands of a few.”
Sanctioned Russian billionaire appeals ex-wife’s divorce case – which would be highest-value separation ever October 31, 2023 Potanina’s legal team say the Court of Appeal took the correct approach and that she has “earned her share” of the family’s wealth after years of marriage.
Carlsberg CEO: Russia has ‘stolen our business’ October 31, 2023 Carlsberg has cut all ties with its Russian business and refuses to enter a deal with Russia's government.
Vodafone offloads £4bn Spanish division as new CEO begins turnaround push October 31, 2023 Vodafone will sell its Spanish arm in what new CEO Margherita Della Valle describes as the start of a "right-sizing" effort at the telco giant
Shanghai Surprise: Chinese manufacturing slips in worrying sign for world economy October 31, 2023 Lower than expected manufacturing numbers have spooked Asian markets this morning as China provides warning on state of global economy
Elon Musk bought Twitter for $44bn – and it’s now worth less than half October 31, 2023 Twitter / X is now worth less than half what Elon Musk paid for it a year ago, the firm admitted in an internal memo yesterday
Unilever freezes fixed pay for top boss after shareholder revolt October 30, 2023 Unilever has said it is freezing its chief executive’s salary for the next two years after shareholders revolted over pay packages given to top bosses.
Tory MP sacked from government job for urging Rishi Sunak to back Gaza ceasefire October 30, 2023 Conservative MP Paul Bristow has been sacked from his government job after breaking ranks to publicly urge Rishi Sunak to push for a “permanent ceasefire” in Gaza.