Diageo has reached an agreement to sell its majority holding in East African Breweries to Asahi for 2 point 3 billion dollars. This strategic move is part of Diageo’s ongoing
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Billionaire Daniel Kretinsky, owner of Royal Mail, is set to become the fourth largest shareholder in French oil giant TotalEnergies after a transaction valued at €5.1 billion (£4.5 billion). The
The European Union’s pioneering Artificial Intelligence Act, which came into force in August 2024, is facing potential delays to key provisions amid substantial lobbying from major technology firms and pressure
Claims from ministers regarding government support of Jaguar Land Rover (JLR) in the wake of a damaging cyber-attack have come under scrutiny, as the £1.5bn loan guarantee meant to bolster
Supreme, the London-listed consumer goods company renowned for Typhoo Tea, has secured the UK and European operations of SlimFast in a deal valued at £20.1 million. This acquisition, from Irish
Anglo American has confirmed it will maintain its primary listing on the London Stock Exchange following its proposed $53 billion merger with Canada’s Teck Resources. Chief executive Duncan Wanblad emphasised
The process to find a buyer for Lady Lynn Forester de Rothschild’s significant minority stake in The Economist Group has commenced, signalling the first substantial change in the publication’s ownership
Spire Healthcare, one of the United Kingdom’s leading private healthcare providers, is actively weighing up a potential sale. The company, currently listed on the FTSE 250, faces mounting discontent from
BT has announced the appointment of Indian telecoms magnate Sunil Bharti Mittal to its board as a non-executive director. This move marks a significant development for the FTSE 100 telecommunications
British philanthropist Lady Lynn Forester de Rothschild is exploring the sale of a major stake in The Economist Group in what could be the most significant change to the iconic
Food and drink prices in the United Kingdom are set to rise faster than previously anticipated, with the Food and Drink Federation now projecting inflation to reach 5.7 per cent
Sainsbury’s is reportedly in advanced discussions to sell its Argos retail chain to JD.com, one of China’s largest e-commerce firms. The FTSE 100 grocer acquired Argos for £1.4 billion in
The chief digital and technology officer of Marks & Spencer, Rachel Higham, has decided to step down from her position, according to an internal memo circulated by the retailer. Higham,
Britain’s third largest steel producer has come under government control following a High Court decision that placed part of Sanjeev Gupta’s Liberty Steel group into insolvency. Speciality Steel UK SSUK,
The United States stock market has endured a volatile week, as a sell-off in major technology companies wiped $1 trillion from market capitalisation in just four days. The S and
Luxury jeweller Fabergé, renowned for its opulent imperial Russian Easter eggs, has changed hands in a deal valued at $50m. The sale sees Gemfields, the gemstone mining company, agreeing to
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