Category: Business

Amazon (AMZN) wants India to play a key role in its ambitions to conquer streaming video. But the company now faces a political backlash over one of its new original shows. Authorities are looking into claims that Amazon’s new Prime Video series “Tandav” includes religiously insensitive content. Several Indian politicians say they have complained to […]

The French government has put an abrupt end to a $20 billion takeover of the country’s biggest retailer by Canada’s largest convenience store operator. In a joint statement on Saturday, French supermarket chain Carrefour (CRERF) and Couche-Tard (ANCTF), the owner of Circle K, said that talks about a €16.2 billion ($19.5 billion) transaction “are no […]

Boohoo, to its credit, has been trying to clean up its supply chain and governance in response to the blistering report from Alison Levitt QC. So it is acutely disappointing that on the same day as its new high-powered monitor, Brian Leveson, was delivering his debut ethics report last week, Boohoo bosses were in Dubai […]

Britain’s outdated business rates system must be ripped apart and rebuilt to ensure the High Street can survive and thrive after the pandemic, a major lobby group has claimed. The Confederation of British Industry (CBI) is urging Rishi Sunak to reveal a ‘comprehensive reform’ of business rates in his Budget at the beginning of March. […]

The aggressive hedge fund behind Waterstones has dished out £93million to its staff in London. Elliott Advisors shared the pay between just 107 employees at its Mayfair office. The pay comes as turnover at Elliott Advisors rose by 5 per cent to £142.6million, accounts filed at Companies House show. Elliott Advisors, the aggressive hedge fund […]

Shares in animal genetics business Genus hit an all-time high as it brought home the bacon for investors. The company, which selectively breeds livestock and sells bull and pig sperm to farmers, said it was hiking its profit forecasts following a ‘strong’ performance in the six months to December 31. It is now expecting a […]

A leading British biotechnology company has revealed plans to float in New York instead of London, dealing a blow to the City’s efforts to secure more business from fledgling sectors. Oxfordshire-based Immunocore is developing a pioneering type of cancer drug that uses the immune system to fight the disease. It is seen as one of […]