(Reuters) - Britain's Superdry received court approval for its restructuring strategy on Monday in an effort to keep the fashion retailer from going into administration, the company said.
The court sanction comes as the company's independent directors on Friday approved a proposed fundraising to help turnaround the company's finances.
(Reporting by Radhika Anilkumar in Bengaluru; Editing by Shailesh Kuber)
American business owner Warren Buffett, founder of multinational conglomerate holding company Berkshire Hathaway, collects $2.1 billion in dividends from just three stocks. Here are the three stocks driving his growing wealth. Don't Miss: Are you rich? Here’s what Americans think you need to be considered wealthy. Can you guess how many retire with a $5,000,000 nest egg? – How does it compare to the average? Miami is expected to take New York's place as the U.S. Financial Capital. Here's how you
A former DJ from near High Wycombe has become a multi-millionaire after teaming up with a former Apprentice winner.
Unlikely alliance of unions and climate groups call for ‘clear and funded’ transition plan for communities reliant on dwindling industry
These high-dividend penny shares could be great passive income buys for years to come. Here Royston Wild gives the lowdown on their prospects. The post 3 penny stocks I’d buy to target a £1,280 passive income appeared first on The Motley Fool UK.
Decision by supreme court means water companies could be sued for damage caused by dumping of human waste
HSBC has warned its top bankers to rein in spending on entertainment and travel as it races to slash costs.
British water companies are at increased risk of lawsuits over pollution after a landmark ruling from the United Kingdom's Supreme Court on Tuesday, amid public outrage over discharges of raw sewage in Britain. The Manchester Ship Canal, which owns the Victorian-era canal in northern England, won an appeal that means it can sue United Utilities over discharges of water contaminated with untreated sewage.
(Bloomberg) -- China’s rare earths producers jumped after Beijing unveiled a regulatory overhaul of the sector that could squeeze supplies and lift languishing prices of the critical minerals.Most Read from Bloomberg24-Hour Stock Trading Is Booming – and Wall Street Is RattledBlackRock Buys Preqin for $3.2 Billion in Private Data PushTrump as President or Private Citizen: Why Supreme Court’s Immunity Ruling Is a TestFrance’s Market Rally Falters as Investors See Enduring RiskJustice Department t
Chinese companies are ramping up their acquisition of major copper, cobalt and lithium mining projects in Africa, dominating the critical minerals market, as Beijing positions itself to lead the global green energy transition. In one of the most recent investments, Chinese firm JCHX Mining Management is close to finalising a deal to buy Zambia's Lubambe copper mine. The deal, which is awaiting approval from the Zambian authorities, would see the Shanghai-listed mining services and contracting fi
STOCKHOLM (Reuters) -Electric vehicle (EV) maker Polestar said it will have to take steps to offset hefty EU and U.S. import tariffs on its Chinese-made electric cars as it posted a first-quarter operating loss on Tuesday. The Swedish company, controlled by China's Geely, makes all its EVs in China, but its new model, the Polestar 3, will be made in the United States from the end of this summer and its Polestar 4 in South Korea from the second half of next year. Until then, it will incur provisional tariffs of 20% for the cars it brings into the European Union under a proposal by the European Commission and more than 100% for the United States.
For months, Philip Matthias tried to convince his father to install solar panels on their company's roof in the eastern German state of Thuringia, aiming to cut electricity costs and carbon emissions at the metal products factory. Since the war in Ukraine and the sudden drop in Russia fossil fuel exports to Germany, Berlin has introduced laws to accelerate solar power expansion, part of its plan to cover 80% of the country's energy from renewables by 2030. Encouraged by a feed-in tariff providing a guaranteed price to renewable energy producers selling their power, as well as reduced solar panel costs, German companies are increasingly turning to solar to get around high energy costs.
Factory activity among China’s private firms expanded at the fastest pace in three years, a private gauge showed Monday. But an official survey of bigger business showed activity shrinking.
Fast food has a wide reach, but that means some restaurants have become vulnerable to lawsuits based on allegations of false advertising shenanigans.
A lawsuit filed Tuesday against Northwestern University opened a new front in the battle against affirmative action, alleging that its law school hires less-qualified people of color and women over White men for faculty positions in violation of federal anti-discrimination laws. The complaint, brought by a group called Faculty, Alumni and Students Opposed to Racial Preferences, targets Northwestern’s law school. But the allegations amount to a sweeping criticism of American universities, allegin
The UK arm of gummy confectionery giant Haribo, which also makes Maoam chews, has achieved record sales for the second year in a row as a string of new seasonal product launches continued to tempt consumers.
An engineering firm has selected Maxim Park as their Scottish base for designing power utility products.
Amidst the backdrop of heightened volatility and upcoming elections, the United Kingdom's financial markets, particularly the FTSE 100, are displaying cautious movements. In such a climate, identifying stocks that appear undervalued could present opportunities for investors seeking potential in a fluctuating market environment.
HOUSTON (Reuters) -Crude oil prices fell on Tuesday as fears faded that Hurricane Beryl would disrupt supplies as the storm will avoid most oil fields as it barrels toward Jamaica. Brent crude futures settled down 36 cents, or 0.42%, at $86.24 a barrel. Earlier on Tuesday, WTI rose $1 to $84.38 on fears Beryl might have a wider impact in offshore oil production areas in the U.S.-regulated northern Gulf of Mexico as U.S. demand for motor fuels is increasing.
CNN senior legal analyst Elie Honig explains why the Supreme Court ruling that Donald Trump may claim immunity from criminal prosecution for some of the actions he took in the waning days of his presidency in a decision will likely further delay a trial on the federal election subversion charges pending against him.
After years of informal work as a farm labourer, Federico Olivieri, 29, could not believe it when a huge building site appeared next to his home in Sicily with training on offer for the numerous specialised jobs required. The programme by Italy's largest construction group Webuild is among a growing number of 'academies' run and financed by companies frustrated by many job-seekers lacking the know-how. Skill mismatches are an international problem but for Italy, with the lowest employment rate in the EU and productivity that has stagnated for more than two decades, it is acute.
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