News

Jeremy Corbyn threatens to make bankers ‘servants of industry’ in fresh attack on the City

Telegraph Business Jeremy Corbyn has launched a fresh attack on the City of London by promising to make financiers “the servants of industry” if he becomes prime minister. The Labour leader warned in London on Tuesday that the finance sector’s […]

Hikma shares soar as it brings in new boss at ‘pivotal time’

Telegraph Business FTSE 250 drugmaker Hikma’s stock soared on news that it has recruited an industry veteran as chief executive, after facing a raft of recent setbacks. The firm has appointed a former executive at Israeli generic drugs giant Teva, […]

Fox guarantees funding of Sky News for 10 years in bid to win takeover approval

Telegraph Business Sky News would be guaranteed funding for at least 10 years under an improved offer of concessions from 21st Century Fox in its bid to secure full control of Sky. Fox proposed the commitment in a letter to […]

BHP Billiton warns unification plan could force FTSE 100 exit

Telegraph Business BHP Billiton has shot down calls from an activist investor to end its dual corporate structure, warning it could fall out of the FTSE 100. Andrew Mackenzie, chief executive of BHP, said that folding its London-listed plc into […]

Dunelm shares drop 14pc as profits slip and CFO quits

Telegraph Business Shares in homewares retailer Dunelm dropped more than 14pc this morning after it revealed a drop in underlying profits and the departure of its chief financial officer Keith Down. The FTSE 250 firm’s revenues climbed 18.4pc to £545m […]

Melrose hikes dividend as losses narrow

Telegraph Business Melrose, the FTSE 250-listed industrial conglomerate attempting to buy GKN, has hiked its dividend, despite reporting a loss for the full year, as it reaffirmed its commitment to the hostile takeover. The turnaround specialist reported a £27.6m pre-tax […]

HSBC’s departing boss Stuart Gulliver doubles profits but misses City expectations

Telegraph Business Outgoing HSBC chief Stuart Gulliver has more than doubled its profits and returned the bank to revenue growth, but fell short of analyst expectations for improved performance. Mr Gulliver – who hands over the reins at Europe’s largest […]

Fidessa in talks to be acquired by Temenos for £1.4bn

Telegraph Business Fidessa is in advanced talks to be acquired by fellow financial software firm Temenos in a deal that could value the FTSE 250 company at £1.4bn. Under the proposed deal, the Swiss buyer would pay Fidessa shareholders £35.67 […]

William Hill fined £6.2m for money laundering failures

Telegraph Business British bookmaker William Hill will pay a £6.2m penalty after breaching anti-money laundering and social responsibility regulations, the Gambling Commission said today. The regulator said William Hill gained £1.2m by failing to prevent 10 customers from depositing large […]

Saudi Arabia to host first Arab Fashion Week

Saudi Arabia is set to host in March its first ever Arab Fashion Week, the Arab Fashion Council announced Monday, overturning decades of draconian policies on arts and entertainment. Crown Prince Mohammed bin Salman, the powerful heir to the Saudi […]