Insurer and asset manager M&G exceeded analysts’ profit expectations in 2023, achieving net inflows despite the challenging market backdrop. The company’s assets under management and administration experienced a modest uptick to £343.5bn in 2023, compared to £342.0bn the previous year, ...
Retail sales remained stagnant in February, with zero growth reported, as adverse weather conditions and financial constraints compelled consumers to stay indoors. The flat performance in February followed a lackluster December and a robust recovery in January. Individuals continued to ...
According to reports, US regulators are conducting an investigation into internal communications involving Sam Altman, CEO of OpenAI, as part of a probe into potential investor deception within the technology firm. The Securities and Exchange Commission (SEC) has reportedly initiated ...
The state of New York has initiated legal action against the US arm of JBS, the world’s largest meatpacker, alleging deceptive practices regarding its climate objectives, notably its goal to achieve net zero carbon neutrality by 2040. Letitia James, New ...
On Thursday, Oprah Winfrey made headlines by announcing her departure from WeightWatchers and her decision to donate all her shares in the company to the National Museum of African American History and Culture. This move comes after the renowned TV ...
A congressional tax deal is poised to deliver substantial savings to some of the largest and most lucrative companies in the US, prompting criticism for favoring corporations over middle-class families. Private equity funds stand to particularly benefit from the agreement. ...
The United Auto Workers (UAW) is threatening to strike at Ford Motor’s largest U.S. plant if local union demands are not met by next week. On Friday, the Detroit union announced that nearly 9,000 UAW members at Ford’s Kentucky Truck ...
Los Angeles-based startup K2 Space has secured $50 million in new funding as it aims to develop large-scale satellites to complement the growing array of massive rockets entering the market. Almost two years after its founding, K2 Space’s co-founders and ...
A disused care home is set to be demolished to pave the way for the construction of affordable housing. Ecton Brook House, located in the Ecton Brook area of Northampton, has remained vacant since 2016. Originally constructed in the 1970s ...
A High Court judge has given the green light to a £230 million compensation scheme aimed at providing redress to investors ensnared by the collapse of a fund managed by renowned stock picker Neil Woodford. The Woodford Equity Income Fund ...