Business News

The telecoms giant Virgin Media O2 (VMO2) is to axe thousands of jobs as it slashes its cost base amid investor concerns about its ability to service its £22bn debt mountain.

The private equity firm which owns Asda and Britain's biggest pubs operator has agreed a roughly €400m (£334m) takeover of Lovehoney Group, a big player in the fast-growing "intimate wellness" industry.

Cryptocurrency worth more than $6.3bn (£4.7bn) has been stolen from a major exchange - with one industry insider telling Sky News it is "the largest bank heist in human history".

The Northern Irish company attempting to stage a solvent rescue of Poundland has told the discount retailer's administrator-in-waiting that it remains keen on a deal which could save more than 10,000 jobs.

Profits at the UK-based oil and gas giant BP have hit an 18-year high, surpassing the level seen during the 2022 energy crisis.

The head of the luxury car-maker Bugatti has promised to stop leaving his keys in his own car after his £2m model was stolen from a company site in Zagreb.

Yorkshire Water has announced its chief executive is stepping down - a day after the company was given the lowest environmental rating by regulators.

The FTSE-100 owner of the Premier Inn hotel chain has won public backing from a top-25 shareholder as it tries to thwart an activist investor's boardroom raid.

Shares in Google's parent company Alphabet have suffered their worst-ever day on the US stock market, falling more than 12% and knocking around half a trillion dollars off its value.

Poundland has filed notice to appoint administrators, bringing it one step closer to collapse.