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When Buta Atwal took the helm of Wrightbus in 2019, coffee cups still littered the office desks and buses were standing half assembled on the factory floor. One of Northern Ireland’s most emblematic businesses had fallen into receivership six weeks previously. Atwal, 53, hadn’t planned to be a bus company chief executive, despite a quarter…
Warren Buffett’s personal affinity for the companies in his portfolio is often mixed with the harder-headed business decisions made by him or his managers. The Berkshire Hathaway chair appears to genuinely enjoy the taste of Cherry Coke; he also appreciates Coca-Cola’s returns. It was Wells Fargo where the head and heart were most aligned. When…
Inflation is everywhere. Labour shortages, supply chain bottlenecks and rising post-pandemic demand were already pushing up costs. Now Russia’s invasion of Ukraine is squeezing the supply of food and energy. Some big companies have seemed happy to push the pain through to their customers: Procter Gamble and Unilever bragged that price increases had boosted revenue…
I am a British expat living in Spain considering sending my child to school in the UK. I’m aware that an unintended consequence of this can be an unwanted change in my tax residence status. What can you tell me about this? Annie Bouch, associate in the tax and wealth planning team at law firm…
Mexico City’s new airport will boast a palaeontology museum, a housing complex for the military and a terminal with lucha libre-themed bathrooms. What is not yet clear is how many passengers will choose to use it. Felipe Ángeles International Airport, which is about 40 kilometres from the city centre, will offer just seven passenger routes…
Viktor Orbán has ruled out discussing the EU’s proposed oil embargo of Russia at next week’s summit of leaders, in a fresh blow to the union’s efforts to win backing for its landmark sanctions package. Hungary’s prime minister has written to the European Council’s president, Charles Michel, saying his country could not support the sanctions…
In March 2020, as Wirecard fought to convince the world that its business was not built on a fraud, George-Alexander Trümper, the company’s head of legal, spotted what he thought was a serious problem. Chief executive Markus Braun and other leading executives at the German payments company were looking for ways to avoid writing down…
Vodafone said it is pursuing several “live” deals in the European telecoms market as the FTSE 100 group warned that inflation would be a drag on its performance this year. The mobile operator has been under pressure from shareholders to ditch weaker businesses and lead efforts to consolidate European markets where it faces fierce competition….
Women are more than twice as likely as men to suffer from long Covid, according to the largest study of the condition to date, which found a history of autoimmune disease or depression also increased the likelihood of experiencing symptoms. The study by genetic testing company 23andMe surveyed more than 100,000 people who had Covid-19,…
Vodafone has agreed to sell its Hungarian business for $1.8bn, in a deal that will streamline its global operations and allow it to reduce debt as well as help Prime Minister Viktor Orbán consolidate his influence in the sector. The UK-headquartered telecoms group said on Monday it had entered into a non-binding agreement to sell…