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German utility Uniper reported a €12.3bn first-half loss, saying it had become a “pawn” in the Ukraine conflict pushed to the “brink of insolvency” by a dramatic drop in Russian gas deliveries.The loss by Europe’s biggest importer of…

UK tech startups and scaleups have secured £12.4bn in venture capital (VC) funding in 2022 so far, with a record-breaking £9bn being raised in the first quarter of the year alone, according to industry figures from Dealroom. For…

Business secretary Kwasi Kwarteng has rejected a controversial £1.2bn undersea cable project backed by two tycoons born in the former Soviet Union, who have given £1.5m to Britain’s ruling Conservative party.Aquind, the company…

JPMorgan Chase, the largest lender on Wall Street, said it plans to dramatically increase spending on technology and talent to fortify its competitive position, stirring investor worries about US bank earnings in 2022.As it reported…

Hedge fund billionaire Ken Griffin has sold a $1.2bn stake in Citadel Securities to venture capitalists Sequoia and Paradigm, paving the way for an initial public offering of one of the world’s biggest market makers.The deal, which…

Boris Johnson has been challenged by a senior cabinet minister to scrap a planned £12bn tax rise in April, as Jacob Rees-Mogg put himself at the head of a growing Tory cost of living revolt.Rees-Mogg, Leader of the House of Commons,…

Apollo Global Management has struck a deal to buy housebuilder Miller Homes for more than £1bn as the private equity investor aims to increase its exposure to the UK’s booming housing market. Funds managed by Apollo affiliates will…

Shares in electric vehicle firm Rivian are set to start trading in New York on Wednesday, after raising more than $11.9bn (£8.8bn) from investors. That’s as the shares were priced at $78 each, well above the company’s target range.…

Tencent Music Entertainment Group has published its financial results for Q3 2021 (the three months ended September 30, 2021).The company generated total revenues of RMB7.81 billion (approx $1.21billion) in Q3, representing an increase of…

More than 2.5 million homes and businesses in the UK can now connect to a fibre broadband network delivered by an independent supplier, according to new research published by the Independent Networks Co-operative Association (INCA).…