Eurozone slowdown raises fears there will be no economic rebound

Economic growth slowed to an 18-month low in the eurozone in May raising fears there will be no rebound from the weak first quarter. Surging business activity last year has given way to more modest rates of growth in 2018, […]

Comcast confirms $60bn plot to challenge to Murdoch deal with Disney

Comcast chief Brian Roberts has laid down the gauntlet to Rupert Murdoch by declaring an audacious bid to disrupt the mogul’s exit from global entertainment. Comcast announced it is “considering, and is in advanced stages of preparing” a challenge to […]

City jobs in firing line as Deutsche Bank mulls cutting 10,000 staff globally

The City is braced for swingeing cuts at Deutsche Bank as the beleaguered banking giant considers cutting 10,000 jobs globally, equivalent to one in 10 of its staff, according to reports. It is understood the redundancies will be focused in […]

Topshop posts £10.9m loss as it grapples with tough retail environment

Topshop is the latest retailer to have taken a battering from tough conditions on the high street after posting a multi-million pound loss in its last financial year. The retailer, whose parent company Arcadia Group is owned by Sir Philip […]

Jaguar Land Rover profits slide on shrinking diesel demand

Record sales at Jaguar Land Rover have failed to turn into higher profits as rising investment costs put the brakes on the car maker’s performance. On the 10th anniversary since its acquisition by India’s Tata, the Coventry-based company posted a […]

Great Portland Estates warns of falling rents amid lack of market confidence

London landlord Great Portland Estates has warned that it expects a drop in rents this year in a market “characterised by a distinct lack of confidence”, as it posted a jump in its property values for the last 12 months. […]

Hollywood Bowl halves debt as customer numbers rise

Hollywood Bowl has halved its debt pile thanks to a rise in the number of customers through its doors. Chief executive Stephen Burns said bowlers were also spending more money per game, which boosted sales and allowed it to slash […]

Factory closure takes fizz out of Britvic

Soft drinks maker Britvic’s profits took a knock after a new growth in its Robinsons and Pepsi brands failed to offset the costs of closing its Norwich site. The FTSE 250 company had £21.6m of employee costs and impairment charges […]

Dairy Crest to launch prebiotic drink as it raises £70m to expand cheese production

Dairy Crest is preparing to launch a prebiotic drink, its first new consumer brand to hit the market in years. The drink, which is being made at Dairy Crest’s Davidstow cheese factory in Cornwall, will be sold as a syrup […]

Barclays and Standard Chartered merger speculation gets a cool reception

The City has questioned the rationale of any mega-merger between Barclays and FTSE 100 banking rival Standard Chartered, following speculation that Barclays was considering merger options. Investors and analysts lined up to pour cold water on talk of a tie-up […]