Employees at Revolut are set to share a $500 million windfall by selling stock in the financial technology company in a deal that values the business at $45 billion. The shares sale burnishes Revolut’s reputation as the crown jewel of Britain’s financial technology sector by boosting its valuation from the $33 billion figure placed on…
The market capitalisation of AstraZeneca has crossed the £200 billion threshold for the first time, in a watershed moment for the most valuable company listed in London. Shares in the Cambridge-based pharmaceuticals group, headed by Sir Pascal Soriot, have been within touching distance of the milestone in recent months after an investor event in May,…
The chief executive of a listed offender-tagging group which is at the centre of a high court battle over its alleged dealings with a network of “opaque shell companies” has increased her stake in the business following the sudden departure of its chairman. Sara Murray, founder of Big Technologies, has seen her holding grow to…
When the world’s most powerful central bankers meet for an exclusive, closed-door conference in the Grand Teton mountains of Wyoming, they will be contending with a question that few ratesetters have had to confront in recent years. How far and how fast should they cut interest rates? Central bank chiefs from America, Britain and the…
The energy company building Britain’s only new nuclear power station has taken a near-€8 billion hit related to delays and spiralling costs on the project. EDF set out the impairment charge weeks after it admitted that Hinkley Point C would cost billions of pounds more than expected and could be delayed by another four years….
Wind farms are “turbocharging” rural depopulation in parts of Scotland and having a devastating effect on local communities, campaigners have claimed. Activists fighting what they describe as the “21st-century clearances” say rural homes are “collateral damage” in the advance of the developments, which they complain are being waved through by the Scottish government regardless of…