According to sources familiar with the situation, US health insurer Cigna abandoned plans to merge Humana. This would have created an insurance giant worth $140bn. The merger would have been
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Ofwat questioned Thames Water about how it could justify paying a dividend of £37.5 million to its parent company without breaking rules meant to safeguard consumers and the environment. The
The Bank of England has warned that private credit and leveraged loan markets are vulnerable to “sharp” revaluations. This is its latest warning about the risks in non-bank financing. The
The billionaire Issa Brothers, who own Asda, agreed to sell more than 200 KFC restaurants as part of their plan to reduce their large debt. EG Group has announced that
BlackRock, world’s biggest asset manager, says that the world has entered a new age of low growth rates and high interest rate. The report warned that will be more volatile
Thames Water faces new scrutiny by lawmakers and regulators regarding its financial state. Ofwat said on Tuesday that it is investigating the £37.5mn in dividends paid by Britain’s largest water
The CBI’s Distributive Trades Survey found that British retailers are bracing themselves for a disappointing holiday after they registered a decline in sales of 7.4% year-on-year in November. In the
Lloyds Banking Group is preparing to restructure their business in order to focus more on digital services. A person with knowledge of the situation says that the bank will be
Shell and BP could need US$945 Billion to become net-zero energy major Investors who are proactive – Shell PLC or BP PLC may need to spend US$35billion every year to
Kingfisher, the owner of B&Q, has issued its second profit alert in just six months following a drop in sales in France. The DIY retailer has cut its profit expectations
Official data shows that for the first 12 years, more businesses are closing than opening. The number of companies closing their doors increased by 5pc on an annual basis to
The US Department of Justice wants more than $4bn to settle with Binance a criminal probe that has caught the world’s largest cryptocurrency exchange, and its cofounder. A person with
After the Winter World Cup in Qatar, injuries to European footballers increased. This led to an annual increase of nearly 30% in the costs to clubs for their players to
