Category: U.K.

As part of its efforts to decrease carbon emissions, Shell plans to close its Wesseling, Germany oil refinery by 2025 and repurpose the location for lubricant feedstock production. (Photo: Energy Capital Media)
Estimated read time 2 min read
Business Germany Singapore U.K.

Shell to convert German refinery into lubricant feedstock facility by 2025

  • Post Date 01/26/2024

Shell has announced plans to shut down its oil refinery in Wesseling, Germany, by 2025 and repurpose the site for the production of lubricant feedstock, [more…]

Thanks to Europe's new Big Tech competition law, Spotify users in Europe can purchase audiobooks and subscription plans directly within the app starting in March. (Photo: Publish Drive)
Estimated read time 2 min read
Business European Union Sweden U.K. U.S.

Spotify to offer audiobooks and subscriptions in Europe, bypassing Apple’s fees

  • Post Date 01/24/2024

Spotify announced on Wednesday that starting in March, its European users will be able to purchase audiobooks and subscription plans directly within the music-streaming app. [more…]

Dec. 18, 2023 - Adobe and Figma mutually agreed to terminate the cash-and-stock transaction due to the lack of a clear path for regulatory approval. (Photo: Lisa Werner | Gettty)
Estimated read time 2 min read
Business European Union U.K. U.S.

Adobe cancels $20 billion Figma acquisition amid regulatory concerns

  • Post Date 12/18/2023

In a surprising turn of events, Adobe (ADBE) has called off its planned $20 billion acquisition of the collaboration-software company Figma. This decision comes after [more…]

Nov. 28, 2023 - U.K.'s Competition and Markets Authority has expressed concerns that Adobe's planned acquisition of Figma may have adverse effects on the country's digital design sector. (Photo: Shutterstock)
Estimated read time 3 min read
Business European Union U.K. U.S.

Britain’s CMA warning casts a shadow on Adobe’s $20 billion Figma acquisition

  • Post Date 11/28/2023

In a move that could significantly impact the landscape of the U.K.’s digital design sector, Britain’s Competition and Markets Authority (CMA) issued a warning on [more…]

Mail and General Trust (DMGT) has withdrawn from plans to acquire the Telegraph Media Group with Qatari investment, amid concerns about UK government resistance to investors from the region. (Photo: CDA Architects)
Estimated read time 3 min read
Business Qatar U.K.

British media mogul alters Telegraph bid as U.K. reluctance to entertain Middle Eastern investors

  • Post Date 11/15/2023

In a strategic move, Jonathan Harold Esmond Vere Harmsworth’s Daily Mail and General Trust (DMGT) has reportedly shifted gears, stepping away from plans to involve [more…]

Klarna has initiated a process of legal entity reorganization to establish a new holding company in the United Kingdom, setting the stage for a forthcoming IPO.(Photo: Thiago Prudencio | Getty)
Estimated read time 4 min read
Business Sweden U.K.

Klarna moves to establish a holding company in the UK, setting stage for a potential IPO listing

  • Post Date 11/06/2023

Klarna, the renowned buy now, pay later firm, has recently undertaken a significant strategic step by establishing a holding company in the United Kingdom. This [more…]

Shares of U.K.'s Metro Bank were briefly suspended from trading twice on Thursday after it confirmed it was looking to raise new capital. (Photo: Pymnts)
Estimated read time 3 min read
Business U.K.

UK’s Metro Bank struggles to raise capital amidst turmoil

  • Post Date 10/06/2023

According to analysts, Metro Bank in the UK is facing difficulties in raising fresh capital to bolster its balance sheet. The beleaguered bank’s stock has [more…]

As the sun sets in London's Canary Wharf financial district, the office buildings housing Citi, Barclays, and HSBC banks come into view. (Photo: Toby Melville)
Estimated read time 2 min read
Business U.K.

Citigroup issues caution to UK employees regarding potential workforce reductions impacting hundreds of positions

  • Post Date 09/22/2023

In a memo on Friday, Citigroup has alerted its UK-based workforce to the imminent possibility of job cuts as the bank advances its extensive restructuring [more…]