US house prices continue to defy gravity. Despite the steep rise in mortgage rates, home prices have marched higher. The median price for a pre-owned house in April was up … Read More
The opening of Tesla’s Shanghai factory in 2019 was a breakthrough for electric vehicles and for overseas carmakers: it was the first wholly foreign-owned plant in the world’s largest car … Read More
Europe’s largest asset manager has likened parts of the private equity industry to a “Ponzi scheme” that will face a reckoning in the coming years. “Some parts of private equity … Read More
Pfizer will sell down its stake in Haleon, its consumer health joint venture with GlaxoSmithKline, after a London listing planned for July 18. The US drugmaker has committed to selling … Read More
This article is an on-site version of The Lex Newsletter. Sign up here to get the complete newsletter sent straight to your inbox every Wednesday and Friday Dear reader, Last … Read More
Frasers Group has bought online fashion retailer Missguided out of administration, its first acquisition under new chief executive Michael Murray. Administrators were appointed at Missguided on Monday after efforts to … Read More
Dr Martens has reported a jump in profits and raised its guidance for revenue growth next year as the iconic boots brand shrugs off inflation and the effects of the … Read More
Tullow Oil has agreed to combine with its UK rival Capricorn Energy through an all-share deal that will create an Africa-focused but London-listed oil and gas specialist with a market … Read More
The chief executive of Germany’s top asset management firm DWS Group has resigned hours after the company’s offices in Frankfurt were raided by police over allegations of greenwashing. DWS said … Read More
SoftBank and Goldman Sachs have invested in Rimac in a €500mn funding round that gives the Croatian electric supercar maker and technology group a valuation of more than €2bn, according … Read More
