Category: Business

Saudi Arabia’s state grain buyer SAGO said on Sunday the second and final stage of the bidding process for its mills had started. The kingdom is selling its entire flour milling business, in a long-awaited privatisation that marks one of the first sales of the country’s state-owned assets. The sales are part of broader plans […]

Air France-KLM AIRF.PA might not survive its current crisis if the airline group cannot lower its costs, Dutch Finance minister Wopke Hoekstra said on Sunday. “The survival of Air France-KLM is not a given,” Hoekstra said in an interview on Dutch public television. “They will have to address their cost base even as things stand […]

Tanzania and Uganda signed an agreement on Sunday paving the way for the construction of a crude oil pipeline running from Ugandan oilfields to the Tanzanian port of Tanga, a Tanzanian government spokesman said. Uganda discovered oil reserves in 2006 and needs the planned 1,445-km (900-mile) East African Crude Oil Pipeline to be in place […]

More customers are buying Marks & Spencer’s products from Ocado than they bought Waitrose goods, the online grocer said today. Two weeks after launching their joint venture, Ocado said “the weighting of M&S products in the average Ocado basket is higher than Waitrose prior to the switchover, reflecting positive customer reaction to the addition of […]

The hopeless fight to protect ARM from the outside world kicked off on Monday after US giant Nvidia bought the chip designer for $40 billion (£31.2 billion) on Sunday night. Politicians and leading business figures clamoured to ringfence the company’s headquarters in Cambridge in a bid to save ARM from being swallowed whole by its […]

Investors found themselves in nervy territory this morning as they attempt to assess the rapidly changing picture of the Covid pandemic, its economic fallout and Brexit talks. The FTSE 100 is expected to open three points higher at 6,029 with markets in Germany and France opening marginally lower. Traders will be closely watching sterling, which […]

The founder of Surge Financial, the marketing company responsible for putting thousands of investors into London Capital & Finance and Blackmore Bonds before they collapsed, is now running a business charging poor people high prices for rent-to-own household goods. Kerry Venn was chief operating officer at Surge, which used sophisticated marketing techniques on social media […]