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CBI kicks off search for successor to 'saviour' Soames
The appointment of a new leader is crucial for the CBI as it seeks to stabilize its financial position and restore confidence following the severe challenges faced during the 2023...
Read Full Article →Apollo-backed Athora closes in on £6bn Pension Insurance Corporation deal
A savings and retirement services firm supported by Apollo Global Management is nearing the completion of an approximately £6 billion acquisition of Pension Insurance Corporation,...
Read Full Article →How markets reacted to uncertainty over Rachel Reeves's future
Investor concerns about the chancellor’s uncertain position led to a decline in the pound’s value and an increase in government borrowing expenses on Wednesday.
Read Full Article →Motor Fuel Group-owner among suitors for BP's $8bn Castrol unit
A private equity firm connected to BP's chairman is considering acquiring Castrol, the company's lubricant division, which is being offered for sale with an estimated value of appr...
Read Full Article →Santander bank deal could mean TSB name disappears from UK high street
The acquisition of TSB by Santander is expected to significantly increase Santander’s market presence, potentially leading to the retirement of the TSB brand across many UK retail...
Read Full Article →Trump celebrates 'big beautiful bill' being passed in Senate after fresh spat with Elon Musk
The passage of the new legislation in the Senate is expected to have notable economic implications, potentially influencing markets and fiscal policies in the United States moving...
Read Full Article →Trump takes aim at central bank chair again and says he 'should be ashamed'
Donald Trump's recent criticism of the Federal Reserve chair highlights concerns about monetary policy decisions, which could influence investor confidence and potentially affect f...
Read Full Article →Miliband eyes refinery support after Lindsey collapse
Government officials are considering financial assistance measures to stabilize the country's remaining oil processing facilities following the recent shutdown of a major refinery,...
Read Full Article →US-UK trade, AI and a shake up of rules on investment advice
The newly implemented trade agreement between the United States and the United Kingdom is expected to influence investment guidance regulations and accelerate developments in artif...
Read Full Article →KKR leads £1.7bn race for Argos store-card owner NewDay
A prominent private equity firm is at the forefront of a £1.7 billion competitive process to acquire the company managing Argos’s store credit services, highlighting considerable i...
Read Full Article →Spanish-owned Scottish Power sparks merger talks with Ovo Energy
The potential combination of these two energy providers could result in a larger entity with an expanded customer base, potentially influencing market competition and operational e...
Read Full Article →Welfare reforms, bond markets and skills
Changes in disability benefits and adjustments in welfare policies are influencing investor confidence and economic forecasting, as experts analyze their impact on financial market...
Read Full Article →Crisis-hit marketing group Next 15 approached about £200m break-up
A London-based marketing firm undergoing leadership changes has attracted interest from potential buyers considering a transaction valued around £200 million, highlighting its cons...
Read Full Article →New Look owners line up bankers to fashion high street exit
The company plans to engage financial advisors to evaluate potential options, which may lead to the sale of the retail brand, impacting stakeholders and market positioning in the f...
Read Full Article →Trump tariffs will cost us $1bn, says Nike
Nike has informed investors that maintaining current tariff levels imposed by the US government could increase the company’s expenses by approximately $1 billion during this fiscal...
Read Full Article →RTL Group to buy Sky Deutschland
The acquisition of Sky Deutschland by RTL Group for €150 million represents a strategic investment with potential impacts on market share and revenue growth within the European med...
Read Full Article →Fresh drive to fix shortfalls in UK's economic statistics
The government plans to allocate ten million pounds to improve the reliability of key economic data produced by the Office for National Statistics, addressing ongoing concerns abou...
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