Monthly Archives: March 2018

US hedge fund rescue stops Avanti from crash landing

Telegraph Business A clutch of Wall Street hedge funds have staged a last-ditch rescue of stricken UK satellite operator Avanti Communications, saving the debt-laden firm from almost certain collapse. A complex debt-for-equity swap deal that will see the troubled business […]

Deutsche Bank chief faces more pressure as ex-Merrill Lynch boss parachuted in

Telegraph Business The former chief of Wall Street giant Merrill Lynch has been drafted in at Deutsche Bank, as pressure mounts on the troubled German lender’s boss John Cryan. John Thain will join Deutsche Bank’s supervisory board next month, it […]

Ex-Autonomy finance chief to face arch-critic in US court

Telegraph Business The former finance chief of the fallen tech star Autonomy will this week face one of the company’s fiercest City critics across a courtroom, as US prosecutors seek to jail him for his alleged role in a massive […]

Tech tycoons lose billions as backlash sends shares into spiral

Telegraph Business Silicon Valley tycoons Mark Zuckerberg, Jeff Bezos and Elon Musk have seen their personal fortunes dwindle by billions of dollars after a backlash sent technology stocks spiralling. Under-fire Facebook chief executive Mr Zuckerberg’s wealth has plunged by $10.2bn […]

Firms urged to publish gender pay gap figures or ‘face a public shaming’

Telegraph Business British companies that do not report on their gender pay gap figures by Wednesday’s deadline should face “formal and public criticism” according to Sir Philip Hampton, who last year led the Government’s review into women in business. Gender […]

Homebase owner seeks buyers as DIY chain turnaround flounders

Telegraph Business The Australian owner of struggling DIY chain Homebase has begun sounding out potential buyers just two years after a dismal £340m takeover. Wesfarmers cleared out the British retailer’s managerial team after buying it in 2016, but has failed […]

Questor: Solid foundations mean it’s too soon to call time on pub firm Greene King

Telegraph Business BAR room disagreements can get messy. Spilt drinks, scattered peanuts, angry words: the pub is the natural home for people that like to put the world to rights, but sometimes their thinking is addled by the booze. Greene […]

No-limits China sets its sights on AI top spot

Telegraph Business On the outskirts of Beijing, a policeman peers over his glasses at a driver stopped at a motorway checkpoint. As he looks at the man’s face, a tiny camera in one of the lenses of his glasses records […]

Show of state power testing miners’ mettle

Telegraph Business From the far corners of the globe they came: some of the world’s most powerful mining bosses, summoned to a dull conference room in Kinshasa to plead their case before the president of the Democratic Republic of the […]

How the sugar tax has left Britain’s drinks industry tasting a little sour

Telegraph Business If you’re tucking in to a few Easter eggs this weekend then you might not be grateful for a reminder that each of them likely contains anywhere between 10 and 30 teaspoonfuls of sugar – more than a […]