Harrods has been sold by Mohamed Al Fayed for £1.5bn to the Qatari royal family. The Egyptian businessman said in a statement he wished to retire after 25 years in charge of the flagship Knightsbridge department store. However, the owner of the Premiership club Fulham FC had reconsidered the approach. Ken Costa, chairman of Lazard [...]

The Organisation of Petroleum Exporting Countries (OPEC) would make a decision on whether to boost output to calm oil prices if the market passed $100 a barrel, Kuwait’s oil minister has said. US crude traded around $85 a barrel recently, a little above the $70 to $80 range that OPEC’s largest producer, Saudi Arabia, has [...]

Raising finance is one of the most difficult tasks presented to anyone seeking to start up a business. It is well known that banks and financial institutions make it extremely difficult for small, and minority ethnic SMEs to secure funding. The usual practice of, ‘you can raise a loan as long as you have the [...]