Simon Jack

American buyout firm RedBird has agreed a deal to take control of the Daily and Sunday Telegraph after a two-year ownership vacuum. RedBird Capital will buy the stake owned by Emirati royal Sheikh Mansour bin Zayed Sultan al-Nahyan who had […]

Simon Jack Business editor BBC The UK needs more nuclear energy to power the data centres needed for artificial intelligence (AI), the boss of the world’s largest cloud computing company has said. Amazon Web Services (AWS), which is part of

Thames Water’s survival as a private company depends on the industry regulator Ofwat being lenient over fines and penalties, its boss Chris Weston has said. Speaking to MPs, Mr Weston said the firm would not get new investment if money

BBC From the end of April, the 500-year-old Royal Mail will be controlled by a Czech billionaire who co-owns a football club and is a major investor in a British supermarket – so, why would he want this ailing institution?

Simon Jack BBC Business Editor BBC The UK government is willing to pay for UK companies to gain access to EU defence spending programmes worth hundreds of billions of pounds. Defence Secretary John Healey told the BBC: “We are prepared

The fate of debt-laden Thames Water will become clearer as soon as tomorrow. The Court of Appeal is expected to decide whether the company’s plan to borrow a further £3bn to avoid collapse can proceed or whether it upholds objections

Simon Jack Business editor, BBC News Getty Images Taxpayers and the pension schemes of Thames Water workers would both suffer if the UK’s largest water company was temporarily nationalised, the water regulator and Thames’ pension trustees have warned. Ofwat has

A former boss of Barclays, who was ousted from the bank over his links to convicted sex offender Jeffrey Epstein, will seek to clear his name in court this week. Jes Staley was forced out in November 2021 after UK

It was more than 20 years ago that the then boss of BP reframed those famous initials as “Beyond Petroleum”. It was the first tentative step in transforming the company from an oil and gas producer to an energy provider

BP is expected to announce it will slash its renewable energy investments and instead focus on increasing oil and gas production. The energy giant will outline its strategy later following pressure from some investors unhappy its profits and share price