5 h. ago Boss of flexible office group IWG dismisses 17% fall in share price as ‘machine selling’

Spaces and Regus owner says global volatility will support demand for its hybrid workspacesBusiness live – latest updatesThe boss of the flexible office company IWG played down a 17% drop in its share price on Tuesday as “not rational”, arguing that economic uncertainty around the world is supporting demand for hybrid workspace.IWG, which owns the Spaces and Regus brands, said its adjusted profit rose by 6% to $262m (£194m) for its first half of the year, but its shares plunged after it told investors it expected adjusted profit to end 2025 at the lower end of previous guidance of $525m-$565m. Continue reading...

Economics

11 h. ago Small towns drive growth for office firm IWG as workers abandon daily commute

Flexible working has become the ‘default model for a significant proportion of white-collar workers’, the company said.

Economics

58 h. ago The ugly truth: have Trump’s tariffs finally put an end to Crocs’ 19

The Guardian’s Crocs correspondent traces the highs and lows of the rubbery perforated clogs that divide opinionI’ve been the Guardian’s Crocs correspondent for 19 years now, and get wheeled out for highs and lows. This is a definite low for the rubbery perforated clogs: the share price is down nearly 30% – its lowest level for three years – and revenues are expected to drop by between 9% and 11% in the current quarter.To blame? Donald Trump mostly, and his tariffs. It’s not the first time Crocs have suffered at the hands – or feet – of a Republican US president, as it happens. Continue reading...

Politics

3 d. ago Katie Price's cryptic response to Peter Andre statement in full as she calls herself a 'sinner'

Katie Price took to social media to share a post about 'saints and sinners' after ex-husband Peter Andre released a scathing statement and acknowledged her wrongdoing over the years

Politics

5 d. ago Aviva share price highest since 2007 after profit jumps by a fifth

The latest results come as it said its tie-up with rival Direct Line was ‘well under way’.

Economics

7 d. ago Major US photography brand warns it could go out of business

The photography company says it may have difficulty meeting upcoming debt obligations

Events

8 d. ago Wind generator Ørsted’s shares sink as it makes $9bn cash call

Danish company blames Donald Trump for derailing its business model after market value drops by a thirdEurope’s largest wind power company has blamed Donald Trump for derailing its business model, after it unveiled a $9bn (£6.7bn) fundraising and its market value plunged by almost a third.The share price for Denmark’s Ørsted tumbled to an all-time low after it told investors on Monday that the “extraordinary situation” facing the industry meant it would need to tap shareholders to cover the costs of its plans. Continue reading...

Economics

1 week ago Katie Price shares cryptic post about motherhood amid Princess Andre 'rift'

Former glamour model Katie Price took to her social media to share a cryptic post about motherhood amid rumours of a rift between her and daughter Princess Andre

Politics

1 week ago Chinese investment banker Bao Fan released from detention after two years, source says

High-profile founder of China Renaissance Holdings freed as Beijing seeks to drive up business confidenceBao Fan, star dealmaker and the founder of the boutique investment bank China Renaissance Holdings, has been released more than two years after being detained by Chinese authorities, according to a person with knowledge of the matter.China Renaissance sent shock waves through the country’s financial sector in 2023 when it announced it was unable to contact Bao, who founded the bank in 2005 with two others and still owns nearly 49% of its issued shares. The company’s share price tanked as a result of his detention. Continue reading...

Economics

1 week ago Banker Bao Fan reportedly released from Chinese detention after two years

High-profile founder of China Renaissance Holdings went missing in 2023, sending company’s share price plungingBao Fan, a star dealmaker and the founder of the boutique investment bank China Renaissance Holdings, has been released more than two years after being detained by Chinese authorities, according to a person with knowledge of the matter.China Renaissance sent shock waves through the country’s financial sector in 2023 when it announced it was unable to contact Bao, who founded the bank in 2005 with two others and still owns nearly 49% of its issued shares. The company’s share price tanked as a result of his detention. Continue reading...

Economics

1 week ago Katie Price claims daughter Princess is 'too scared' to share truth about family 'rift'

Ex-glamour model Katie Price has spoken out about the reported cracks between her and her daughter, after she didn't appear in Princess' new reality show

Politics

1 week ago 'I found Tesco receipt from 1998 and was floored by how cheap things were'

One woman has taken to social media to share a photograph of a Tesco receipt from 1998, showing the price of 22 food and drink items – and people couldn't believe how cheap certain products were

Politics

1 week ago OpenAI in talks on share sale that would price it at more than Musk’s SpaceX

If transaction goes ahead value of ChatGPT developer would rise to $500bnBusiness live – latest updatesOpenAI is reportedly in early talks about a sale of shares held by current and former employees that would price the ChatGPT developer at half a trillion dollars, overtaking Elon Musk’s SpaceX in valuation.If the transaction goes ahead, the value of the San Francisco-based company would rise by about two-thirds, from $300bn (£225bn). The valuation would exceed that of Musk’s rocket company, which is currently worth $350bn and is reportedly circling a $400bn price tag in a new fundraising. Continue reading...

Technology

1 week ago Glencore to stay in London after shelving plans for New York listing

Swiss miner confirms $1bn cost-cutting programme to boost profitability and share price

Politics

2 w. ago Guinness is helping Wetherspoons thrive — so why is its own parent company struggling?

Analysis: Guinness maker Diageo has been on a downward curve for three years. Now a new CEO faces a big turnaround task, writes Karl Matchett

Politics

2 w. ago Katie Price's kitten dies hours after being born as star makes 'sad' confession

Katie Price has taken to social media to share an update on her pregnant cat and relayed the sad news that one of her kittens died just hours after being born

Events