A US chipmaker has announced plans to build a €3bn factory in west Germany in a move hailed by senior German officials as a sign that Europe can compete against powerful US green subsidies. The factory, on the site of a decommissioned coal plant in the…

Nick Read riled shareholders with efforts to tame the multi-country hydra that is Vodafone. He was ousted. Interim replacement Margherita Della Valle says the UK-based mobile operator “can do better”. That is certainly Elliott Management’s view of the complex sale of the Vantage Towers subsidiary…

The UK rail industry has stepped up efforts to end seven months of strikes, with infrastructure operator Network Rail making a “revised” offer on pay and working practices to the RMT trade union.Network Rail hopes changes to its proposed modernisation of working practices, including improvements…

Opening an electricity bill these days is enough to turn anyone into a proponent of radical market reform. Renewable electricity is getting cheaper and accounts for an ever-larger slice of the UK mix — some 60 per cent. Yet the cost for retail customers has…

The amount wiped from the value of Gautam Adani’s business empire since a short seller alleged fraud passed the $90bn mark on Wednesday, as a share sale by its flagship group failed to ease a crisis engulfing the Indian tycoon.Shares in Adani’s listed groups extended…

Losses to UK pension schemes and funds with liability-driven investing strategies from forced selling of gilts during last year’s bond market crisis could be up to £4bn, MPs have heard.The figure was presented on Wednesday to the House of Commons work and pensions select committee,…