All news by author: Lawrence Matheson
842
Apple warns of increased iPhone security risks under new EU competition rules
The EU's Digital Markets Act is set to come into effect shortly, and requires tech giants to give consumers more choice
1342
M&S wins legal battle against Government over plans to demolish flagship store
The company took legal action against the Government in the High Court over its "unusual" decision to refuse permission for its plans to flatten and rebuild its store in Oxford Street
757
Pearson eyes AI opportunities as the education giant's profits jump to £498m
Chief executive Omar Abbosh said irevenues were helped by growth in its assessment and qualifications department and he pointed out the potential benefits from AI
896
Emirates president Sir Tim Clark 'not optimistic' about Heathrow third runway
He says the west London airport will only be able to increase capacity if flight paths are altered
552
BBC buys out ITV from streaming service BritBox International in £255m deal
The streaming service has grown to have about 3.75 million subscribers since it launched in 2017 as a joint venture between the companies
1037
House prices up for first time in a year with average cost of property now £260k
Across the UK, property values increased by 1.2% annually in February, following a 0.2% fall in January, according to Nationwide Building Society.
1036
Ryanair cancels flights this summer due to Boeing 737 aircraft delivery delays
The Dublin-based airline said it will be forced to make "minor schedule changes" as it will only receive 40 of the 57 planned Boeing 737 MAX 8200 planes before the end of June
542
Rightmove profits up 7.7% to £259 million despite downturn in housing market
House sales in the UK also went down last year from 1. 2 million in 2022 to 1 million in 2023
719
Wincanton agrees to £762m takeover bid from US logistics giant GXO Logistics
The offer represents a 104% premium on the price of shares in January, before takeover interest in the firm was first raised
1291
Savile Row tailor to stars opens £2m store as boss says menswear 'in a bubble'
Richard James has opened a new store in Clifford Street, just off Savile Row, as the company said it wants to see greater protections put in place for London's famous tailoring street
852
Wahaca named UK's most sustainable restaurant chain by consumer group Which?
Wahaca and five other chains - Frankie & Benny's, Nando's, Pret a Manger, Wagamama and Young's Pubs - have been given Which?'s Eco Provider badge which indicates these companies are ahead of competitors in terms of addressing their environmental impact
937
Record credit card complaints, but majority made by claim management firms - FOS
Complaints about credit cards hit record high, says the Financial Ombudsman Service with nearly three quarters brought by claims management companies and law firms, up from a quarter of these complaints a year earlier
782
Bank of England appoints top economist as deputy governor for monetary policy
Clare Lombardelli will replace Ben Broadbent when she takes over the role from July 1, for a term lasting five years
873
Budweiser brewer sees sales grow as it hikes prices, but Bud Light slumps in US
AB InBev said its sales grew by nearly 8% last year to 59.4 billion US dollars (£47 billion)
1265
More buyers coming back to market as mortgage approvals and house sales increase
55,227 mortgages for house purchase were approved in January, up from 51,506 the previous month and the highest level since 58,272 approvals were recorded in October 2022
1147
Electronic Arts to cut 5% of staff and cancel games in cost-cutting drive
The company will focus on its 'owned IP, sports, and massive online communities'
1186
Zuckerberg meets LG, Samsung chiefs in Seoul as Meta ramps up AI ambitions
Meta chief executive officer Mark Zuckerberg discussed cooperation on extended reality devices with LG Electronics executives on as part of his visit to South Korea that highlights Meta's ambitions in artificial intelligence
1185
Hong Kong lifts curbs on property deals as house prices fall to seven-year low
House prices have been dropping for nine months in a row and share prices have been low as changes to freedoms in the former British colony have worried investors
722
Ocado could take M&S to court over payments row, but boss hopeful of settlement
The boss of Ocado said he is confident the fellow retail firm owes it "a substantial amount of money" but hopes to secure a settlement over the dispute
935
International market to invest in nature does not exist at scale, MPs are told
UK policymakers, regulators, investors and businesses have started paying more attention to the risks related to nature and the need for the private sector to do something about the worldwide loss of nature
1073
62% of business leaders fear legal action for missing ESG targets, says survey
A survey has found that nearly two-thirds of UK business leaders are concerned about their firms facing litigation if they miss their environmental, social and governance targets
1377
US logistics firm GXO tables £760m bid for Wincanton as takeover battle heats up
Wincanton manages supply chains for renowned brands such as Ikea, Primark, Waitrose, Wickes, and employs over 20,000 people
562
Government must regulate finance sector to tackle climate crisis - ShareAction
A manifesto published by ShareAction outlined six key policies for making financial institutions address issues such as climate change, inequality and degradation of nature
1183
Regulator warns retailers you 'need to stop' advertising vapes on social media
The Committee of Advertising Practice has issued a warning to e-cigarette manufacturers and retailers, saying ignorance is not an excuse for breaking the rules
794
Asda co-owner TDR Capital buys majority stake in growing pet shop chain Jollyes
The private equity firm, which also owns pub group Stonegate and David Lloyd Leisure, has purchased the pet shop chain from previous owner Kester Capital
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