The activist hedge fund targeting BP has amassed a stake in the oil company worth almost £3.8bn, or 5% of its shares, to become its third biggest shareholder, according to reports. Elliott Management is widely expected to use its grip on the 120-year-old company to demand sweeping changes, including a potential break-up of the company,…
The UK prime minister has been forced to cut short a visit to a housing development after a noisy protest by farmers, who played Sandstorm on their tractors. The vehicles could be heard sounding musical horns while the prime minister spoke to workers at a housing development in Buckinghamshire. About a dozen tractors and agricultural…
UK beats forecasts as GDP rises 0.1% in October-December Newsflash: Britain’s economy has avoided dropping into recession, after posting modest growth at the end of last year. UK GDP rose by 0.1% in October-December, better than City economists had expected – they’d pencilled in a 0.1% fall in activity. This will be a relief for…
We moved into our current home, a new-build at the time, 15 years ago. Our end-of-terrace is next door to a block of flats that is part of the same development. Just inside the block’s car park there is an electricity feeder pillar that powers the gates. Because of an admin error, when the site…
The logo of German bank Commerzbank seen on a branch office near the Commerzbank Tower in Frankfurt. Daniel Roland | Afp | Getty Images Germany’s second-largest lender Commerzbank on Thursday announced it will eliminate 3,900 full-time positions by 2028, largely in its native Germany, as it unveiled a spate of new strategic targets. The job…
Poorer households could cut their energy bills by a quarter if solar panels were installed on their rooftops, a report has found. However, the upfront costs mean that those who stand to benefit most from decreased energy bills are prevented from getting panels installed, according to the Resolution Foundation thinktank. Economists behind the research have…
Adam Foroughi, CEO of AppLovin. CNBC AppLovin shares soared almost 30% in extended trading on Wednesday after the company reported earnings and revenue that sailed past analysts’ estimates and issued better-than-expected guidance. Here’s how the company performed compared with analysts’ expectations, according to LSEG: Earnings per share: $1.73 vs. $1.24 expected Revenue: $1.37 billion vs.…
Avishek Das | SOPA Images | Lightrocket | Getty Images Trading platform Robinhood reported a surge in fourth-quarter profit on Wednesday, fueled by frenetic activity in equity and crypto markets following Donald Trump’s presidential election victory. Shares of the company surged more than 11% in extended trading. Robinhood’s transaction-based revenue, or income generated from fees…
Office of Management and Budget (OMB) Acting Director Russell Vought speaks with reporters during a press briefing at the White House in Washington, March 11, 2019. Jonathan Ernst | Reuters The Consumer Financial Protection Bureau sent termination notices to several dozen employees late Tuesday, according to people with knowledge of the situation. The affected staff…
Super Bowl ad of Poppi. Source: Poppi Prebiotic soda brand Olipop said Wednesday that it was valued at $1.85 billion in its latest funding round, which raised $50 million for the company. Founded in 2018, Olipop has helped fuel the growth of the prebiotic soda category, along with rival Poppi, which highlighted its drinks with…
