Hybrid bonds look a pretty good deal for debt investors — which may help explain why there is a queue to buy them. Italian utility Enel kicked off 2023 with a €1.75bn offering. There was initial demand for €15bn. Investors who bought the bonds, which…

Chief executive Robert Walters took the shine off a fourth-quarter trading update at the eponymous white collar recruitment company on Tuesday. A 20 per cent rise in net fee income annually — up 8 per cent over the year in the fourth quarter alone —…

BioNTech has agreed to buy UK artificial intelligence start-up InstaDeep for up to £562mn in its biggest-ever deal, as the German company expands beyond the Covid-19 vaccine that transformed its fortunes.The biotech company is trying to harness machine learning to improve the drug discovery process,…

You know those compelling TV adverts that say something like “If you bought fridge insurance between 2004 and 2008, you might be eligible for blah blah blah”?A suitable 2023 version in the UK might say “If your business bought a fixed electricity contract between June…

Amazon is closing three UK warehouses this year, a move that will affect 1,200 staff, as the internet retailing giant cuts costs following a squeeze in consumer spending.The closures at fulfilment centres in Hemel Hempstead in Hertfordshire, Doncaster in South Yorkshire, and Gourock in Scotland…

Sales at BMW and Mercedes-Benz jumped in the final months of 2022 as the premium German car brands signalled supply chain problems that have plagued the industry were easing.Carmakers around the world have been struggling with a lack of parts since the pandemic, particularly semiconductors,…