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Business
Historic British Shipbuilder Harland and Wolff Secured in £70 Million Pound Spanish Rescue Deal
The iconic British shipbuilder Harland & Wolff, renowned for constructing the Titanic, is set to be rescued through a £70 million acquisition by Spanish state-owned shipbuilder Navantia. The deal, supported by the British government, is…
Pour Mois Record Growth Driven by Marks and Spencer Partnership
A strategic partnership with Marks and Spencer has propelled swimwear and lingerie brand Pour Moi to achieve unprecedented sales growth. The collaboration, which commenced in October 2023, has proven instrumental in driving the company's…
Britain’s First Pension Superfund Secures Landmark Deal With Wates Group
Clara-Pensions has achieved a groundbreaking milestone by securing its first conventional employer deal, assuming control of the Wates defined benefit pension scheme, which serves 1,500 members. The family-owned construction giant Wates has…
Kelloggs UK Division Reports Loss Despite Sales Exceeding £1 Billion Pounds
The British division of global food giant Kellogg's has posted a loss in its latest financial results, despite achieving sales surpassing £1 billion, driven primarily by strong performance in its snacks segment.
The US-based food…
US Court Orders Nasdaq to Abandon Board Diversity Programme
A US appeals court has delivered a significant blow to corporate diversity initiatives by striking down Nasdaq's rules aimed at boosting the representation of women and ethnic minorities on company boards.
The Securities and Exchange…
Bic Acquires Dragons Den Reject Tangle Teezer in €200 Million Euro Deal
The French pen manufacturer Bic has announced its acquisition of British hairbrush company Tangle Teezer for €200 million, marking a significant victory for a business famously rejected on BBC's Dragons' Den in 2007.
The remarkable…
Chinese Tax Dodging Costs UK Treasury Millions Through Ecommerce Fraudsters
Her Majesty's Revenue and Customs (HMRC) stands accused of overlooking widespread tax evasion by thousands of Chinese 'burner' companies operating through major e-commerce platforms, resulting in substantial losses to the UK Treasury.…
Small Business Leaders Call for Enhanced Protection on Personal Loan Guarantees
The Federation of Small Businesses (FSB) has urged government intervention to shield small enterprises from what they describe as banks' misuse of personal guarantees in lending practices. This call to action follows what the FSB considers…
National Lottery Sales Slump Under New Czech Operator Allwyn As Legal Delays Impact Performance
Sales at the National Lottery have declined under its new Czech operator Allwyn International, with delays to new games and technological implementations weighing heavily on performance during the crucial transition period.
The…
Todd Boehly Chelsea Owner Makes Late Bid for Telegraph Newspaper In £550 Million Pound Deal
Chelsea Football Club owner Todd Boehly has emerged as a potential disruptor in the £550 million sale of The Telegraph newspaper, offering financial backing that could reshape the bidding landscape for the historic British publication.…
Vodafone Three UK Merger Signals Major Shift in British Telecoms Landscape
The British telecommunications sector is poised for its most significant transformation in decades following the Competition and Markets Authority's approval of a £16.5bn merger between Vodafone's UK operations and CK Hutchison's Three UK.…
Private Equity Giants Set Sights on UK Smart Meter Provider Calisen in £4 Billion Pound Deal
A significant shake-up in the UK's smart meter industry is underway as private equity group EQT and Singapore's sovereign wealth fund GIC prepare to acquire Calisen in a deal valued at approximately £4 billion.
The Manchester-based smart…
UK Manufacturing Sector Hits Nine Month Low as Economic Pressures Mount
British manufacturing output contracted at its sharpest rate in nearly a year during November, highlighting deepening challenges within the sector as it navigates increased taxation and potential trade disruptions.
The S&P Global…
Climate Crisis Could Force First UK Town Centre Abandonment Due To Flooding
The historic market town of Tenbury Wells in Worcestershire faces an existential threat as recurring floods devastate local businesses, potentially marking it as the first UK town centre to be abandoned due to climate change-induced…
Aviva Makes Bold Move in Direct Contact with Direct Line Shareholders Amid Takeover Speculation
In a significant development within the UK insurance sector, Aviva has taken the unprecedented step of directly approaching Direct Line shareholders, potentially setting the stage for a hostile takeover bid. The FTSE 100 insurance…
Pets At Home Shares Plunge As Budget Costs Bite Into Profit Outlook
Britain's largest pet retailer has witnessed its shares plummet more than 13 per cent after slashing its annual profit forecast amid mounting pressure from recent budget measures and dampened consumer spending on pet accessories.
The…
Brighton Eye i360 Tower Faces Administration as Debt Burden Soars to £51 Million Pounds
The iconic Brighton i360 observation tower is teetering on the brink of closure as its operating company prepares to enter administration, weighed down by a staggering £51 million debt to the local council.
Brighton i360 Ltd, which…
Retail Industry Faces Price Hikes as Budget Measures Bite
British retailers are bracing for inevitable price increases following the Chancellor's recent budget announcement, with the sector facing a staggering £7 billion in additional costs next year. The British Retail Consortium (BRC) has issued…