Tesco is gearing up for the sale of its mobile business as the supermarket group looks to pare back its sprawling empire and reduce a £22bn debt mountain.
Like every Uber executive trying to get the $41bn online car-sharing service established in cities around the world, the head of Uber in Italy has faced plenty of resistance as she takes on powerful established interests.
Tesco has hired a new brand director to try to turn round the battered image of Britain’s biggest retailer.
Investors protested against pay policies at two FTSE 250 companies on Wednesday as they registered concerns over remuneration at satellite company Inmarsat and broker Tullett Prebon.
Tesla Motors made more than 1,000 cars per production week in the first quarter of 2015 and its stock spiked more than 2% on the news in after-hours trading, but investors wanted to talk about the company’s new Powerpack and Powerwall batteries.
The European Union is investigating claims that McDonald’s avoided more than €1bn ($1.1bn) in tax by exploiting a controversial royalties loophole through Luxembourg.
Tesco is to lose two more non-executive directors, including the head of the retailer’s audit committee, Ken Hanna, in the latest move in the board overhaul that began after last year’s £263m accounting scandal.
Shares of LinkedIn plunged after the company released lowered guidance for the year. The company reported earnings per share of 57 cents on revenue of $638 million for the first quarter of 2015 on Thursday.
IAG, the parent company of British Airways, has recorded a first-quarter profit for the first time, helped by lower fuel costs and a strong performance in North America.
Tata Steel is set to pull out of all its UK operations, including Port Talbot, in a move that could put thousands of jobs at risk.
Britain’s manufacturers are struggling to recruit skilled workers and keep pace with global technology, according to an industry report that criticises the government for lack of support.
Most British workers are spending longer at their workplace for little or no gain in productivity, according to a landmark study being released this week.