China’s Country Garden Sells Stock to Pay Debts
The embattled Chinese homebuilder Country Garden said on Wednesday it planned to raise $34 million by issuing new shares, its latest effort to get a handle on its debt problems …
BUSINESS
Exclusive: London Stock Exchange boss says doomsters are wrong and the City will thrive
L ONDON Stock Exchange Group boss David Schwimmer today hit back against the pessimists talking down the City, insisting it will continue to fend off rivals and remain the premier …
CNN Is Expected to Pick Mark Thompson as Next Leader
Mark Thompson, a former chief executive of The New York Times and leader of the BBC, is expected to be named the next top executive of CNN, according to three …
Staff shortages hold back bumper bank holiday trade, say pub bosses
U K pubs saw a jump in sales over the latest bank holiday weekend, but industry bosses have said they missed out on a further £22 million in sales due …
Wilko job cuts ‘suspended’ after union calls for urgent government talks
G MB Union, which represents a third of Wilko staff, says that job cuts will be ‘suspended’ while administrators consider “multiple” bids, hours after the labour organisation wrote to Business …
Barclays cuts mortgage prices again despite higher gilt yields
B arclays has become the latest lender to cut mortgage rates again, despite short gilt yields, which are a key instrument in the pricing of mortgages, rising further in recent …
Number of house sales this year ‘on track to be lowest since 2012’
T he number of home sales taking place across the UK this year is on track to be around a fifth (21%) lower than in 2022, according to a property …
Just 9% of firms believe Scottish Government understands business, poll suggests
J ust 9% of companies asked in a recent poll say the Scottish Government understands the business landscape in the country. The Fraser of Allander Institute spoke to 400 companies …
Furniture store Mitchell Gold + Bob Williams is shutting down
By Danielle Wiener-Bronner | CNN New York — Mitchell Gold + Bob Williams, which grew from a small North Carolina-based upholstery maker to a national retail furniture chain, is shuttering …
The AI stock market wave: chancing an Arm?
If ever a float could be said to test current market conditions, it may be that of Arm, the SoftBank-owned British chip designer that has “started the countdown” for a …