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Russia in first foreign debt default in over a century, bondholders claim
Russia has reportedly missed a deadline to pay investors of its international bonds, a scenario that would place it in default for the first time since the 1917 Bolshevik Revolution.
Oil-well decommissioning specialist Well-Safe raises £50m for expansion
A pioneering oil-well decommissioning specialist has raised a further £50m to fuel its international expansion amid growing demand fuelled by the transition to a net-zero economy.
Senior HSBC executive Haire in surprise move to run the Skipton
One of HSBC's top UK executives is quitting in a surprise move to run the Skipton Building Society, one of Britain's biggest financial mutuals.
Hearn duo eye £150m windfall from sale of Matchroom Sport stake
The father-and-son duo who have built Matchroom Sport into a global sports promotion empire are plotting a deal that will cement their status among Britain’s super-rich.
Rail strikes: RMT union 'won't hesitate' to take further industrial action as third walkout causes weekend disruption
Rail union boss Mick Lynch has warned his members will not hesitate to take further strike action as he said the disruptive dispute had "a long way to go yet".
KPMG chief takes swipe at rival EY’s $80bn break-up plan
The global chairman of KPMG has taken a swipe at the $80bn break-up being hatched by rival EY, implying that such a radical restructuring would be akin to an act of corporate vandalism.
Cath Kidston up for sale two years after collapse cost 900 jobs
Cath Kidston, the modern vintage brand, has been put up for sale just two years after collapsing into administration with the loss of nearly 1,000 jobs.
Glastonbury fans and businesses which rely on festivals are seeing the effects of the cost of living crisis
A cheap festival should not be an oxymoron but many people at Glastonbury this year are in a very different place financially to where they were when they booked their tickets before the coronavirus pandemic.
Cost of living: Stark new retail data paints bleak picture of consumer confidence
Retail sales fell in May as rapidly rising food prices and the cost of living crisis dented people's confidence in the economy and their desire to spend money.
London Underground workers vote to strike again in coming months
London Underground workers have voted to strike again, as they near the end of this week's action which has seen Tube services disrupted across the capital.