Business

The Sunday Times reported that people familiar with the issue in London told them that Asos Plc was approached by Turkish online retailer Trendyol to take over the company in December. People familiar with the matter informed the…

Asda owners use the proceeds from an asset sale to fund the supermarket's contribution to the takeover of EG Group. Another business they own. This is the latest example of their financial engineering, which has allowed them limit their…

UBS may delay its second-quarter earnings as long as it can, say people familiar with this matter. The bank is grappling with the political and financial complexities surrounding its rescue of Credit Suisse. The bank was due to announce…

Boeing prepares itself for 18 more months of supply chain instability as it increases production. Dave Calhoun acknowledged that the group had suffered due to failures and shortfalls in its "very large, fragmented" supplier base.…

The largest takeover in Britain this year has been the agreement by a Swedish private equity firm to purchase Dechra Pharmaceuticals, for £4.46billion. After a recent profit warning , the London-listed veterinary product maker advised…

A leading think tank has warned Rishi Sunak against entering into a "subsidy war" with the US or EU to try and defend the British auto industry. The UK and Spain are locked in a battle over subsidies as the Prime Minister tries to…

Lansdowne Partners agreed to purchase UK investment boutique Crux Asset Management. This move cements the company's evolution from a top European hedge fund into a mainstream asset management. Crux's $1.1bn deal, which is largely aimed…