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Business

Very Group tabled offer for Simply Be-owner ahead of family buyout

The home shopping group behind fashion brands such as Simply Be and Jacamo, received a takeover proposal from Very Group shortly before it agreed...

by admin October 18, 2024
Very Group tabled offer for Simply Be-owner ahead of family buyout
Business

3i picks bankers to swallow £500m Applaws pet food maker

3i Group, the listed private equity group, has picked bankers to sell the pet food manufacturer behind leading brands including Applaws. Sky News has...

by admin October 18, 2024
3i picks bankers to swallow £500m Applaws pet food maker
Business

Thames Water bondholders split amid fight to avert nationalisation 

A collection of bondholders in Thames Water are mobilising to protect their interests amid an intensifying battle to avert the company’s nationalisation. Sky News...

by admin October 17, 2024
Thames Water bondholders split amid fight to avert nationalisation 
Business

Wagamama-owner seeks to lock in lower interest rates with refinancing

The owner of Wagamama has begun exploring a £300m refinancing as it seeks to reduce its borrowing costs by locking in lower interest rates....

by admin October 17, 2024
Wagamama-owner seeks to lock in lower interest rates with refinancing
Business

Mothercare strikes £30m deal with Indian giant Reliance

Mothercare is closing on a £30m deal with one of India’s biggest retail groups that will provide the London-listed company with a long-awaited solution...

by admin October 17, 2024
Mothercare strikes £30m deal with Indian giant Reliance
Business

Energy retailer Ovo poaches Monzo finance chief amid talk of sale

Britain’s fourth-biggest household energy supplier has poached a senior executive from Monzo, the digital bank, as it explores options that could lead to a...

by admin October 17, 2024
Energy retailer Ovo poaches Monzo finance chief amid talk of sale
Business

New National Wealth Fund to unveil £1bn social housing deal

Britain’s new National Wealth Fund has struck a £1bn deal with two of Britain’s biggest high street lenders to retrofit thousands of homes to...

by admin October 16, 2024
New National Wealth Fund to unveil £1bn social housing deal
Business

PizzaExpress prepares to serve up new slice of debt to investors

The parent company of PizzaExpress is hiring bankers to help it refinance a £335m bond ahead of its maturity, amid tough trading conditions for...

by admin October 16, 2024
PizzaExpress prepares to serve up new slice of debt to investors
Business

Energy services group Hometree lands £50m from Canadian giant CPPIB

A residential energy services provider backed by leading City investors has secured a £50m funding boost from one of the world’s biggest pension funds....

by admin October 16, 2024
Energy services group Hometree lands £50m from Canadian giant CPPIB
Business

UK inflation dip suggests economic wind is favourable – but dark cloud over public finances remains

A larger-than-anticipated fall in inflation last month to 1.7% is the latest gust of economic data to suggest the prevailing economic wind is favourable. The...

by admin October 16, 2024
UK inflation dip suggests economic wind is favourable - but dark cloud over public finances remains
Business

Trio in battle to buy stake in accountancy firm Grant Thornton UK

A trio of buyout firms have been shortlisted to buy a stake in the UK operations of Grant Thornton, one of Britain’s six biggest...

by admin October 15, 2024
Trio in battle to buy stake in accountancy firm Grant Thornton UK
Business

Ofwat to name LEK Consulting as Thames Water ‘policeman’

Scrutiny of Thames Water, the crisis-hit utility, will intensify this week when the industry regulator appoints LEK Consulting as an independent monitor of the...

by admin October 15, 2024
Ofwat to name LEK Consulting as Thames Water 'policeman'
Business

CBI in talks to sub-let parts of London headquarters

The CBI, the struggling business lobbying group, is in talks to sub-let parts of its vast London headquarters as it continues to seek cost-cutting...

by admin October 15, 2024
CBI in talks to sub-let parts of London headquarters
Business

Bank of England currency printer De La Rue in £300m sale

An American predator is close to sealing a £300m swoop on a division of De La Rue, the Bank of England’s banknote printer, in...

by admin October 14, 2024
Bank of England currency printer De La Rue in £300m sale
Business

Chancellor Rachel Reeves ‘wouldn’t have any problems’ getting on P&O ferry – after previously criticising firm’s ‘disgraceful behaviour’

Rachel Reeves has said she “wouldn’t have any problems” getting on a P&O ferry following the fire-and-rehire scandal. The chancellor was asked to clarify...

by admin October 14, 2024
Chancellor Rachel Reeves 'wouldn't have any problems' getting on P&O ferry - after previously criticising firm's 'disgraceful behaviour'
Business

Chief executives praise Labour’s plans after investment summit – but there’s a caveat

This International Investment Summit has been circled in the new government’s diary from the day it took office as a key opportunity to set...

by admin October 14, 2024
Chief executives praise Labour's plans after investment summit - but there's a caveat
Business

Ex-Google boss warns Sir Keir Starmer UK will fail to meet 2030 clean energy goal without fixing regulation

Google’s former boss has warned Sir Keir Starmer he will fail to meet his 2030 clean energy goal unless he fixes UK regulations. Eric...

by admin October 14, 2024
Ex-Google boss warns Sir Keir Starmer UK will fail to meet 2030 clean energy goal without fixing regulation
Business

InPost to take full control of UK distribution group Menzies

InPost, the operator of tens of thousands of parcel delivery lockers across Europe, is closing in on a deal to take full ownership of...

by admin October 14, 2024
InPost to take full control of UK distribution group Menzies
Business

Sir Keir Starmer to pledge to get rid of regulation that ‘holds back investment’ at business summit

The prime minister will pledge to get rid of regulation that “needlessly holds back investment” at a major business conference in London today. The...

by admin October 14, 2024
Sir Keir Starmer to pledge to get rid of regulation that 'holds back investment' at business summit
Business

Starmer to hail more than £50bn in investment at key summit

The government will on Monday welcome more than £50bn of investment in the British economy as Sir Keir Starmer tries to reset his administration...

by admin October 13, 2024
Starmer to hail more than £50bn in investment at key summit
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