More than half a dozen of the United Kingdom’s largest insurers have been identified as potential bidders for Aegon’s UK arm, in a transaction expected to raise between £1.5 billion
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HSBC has moved to consolidate its position in Asia by announcing a £10.7 billion-pound acquisition of the remaining 36 per cent of Hang Seng Bank that it does not already
Major commodity trading group Glencore was kept in the dark about critical financial difficulties at the Prax Lindsey oil refinery until mere days before its collapse into administration, despite government
Thames Water, Britain’s largest privatised water utility, is grappling with a financial and regulatory crisis. With a debt of £20 billion, a poor track record on pollution, leakage, and customer
Schroders, the London-based asset management company, has unveiled a significant cost-cutting initiative aimed at saving £150 million annually as part of a three-year transformation plan. The newly appointed chief executive,
A pivotal legal battle commenced today at the Royal Courts of Justice as Thames Water seeks approval for a £3bn emergency funding package amidst mounting pressure from campaigners advocating for
A significant development has emerged in the ongoing Thames Water crisis as Graham Edwards, the Conservative Party treasurer, heads a consortium aiming to rescue the troubled utility company. The proposed
Supermarket giant Morrisons has successfully reduced its substantial debt burden by £200 million, marking a significant milestone in its financial restructuring programme. The debt reduction represents the latest step in
A planned £3 billion emergency loan for Thames Water could incur more than £800 million in interest and additional costs, raising serious concerns about the impact on customers and infrastructure
One of Britain’s largest undertakers, Dignity Funerals Limited, has taken steps to reduce its debts after raising concerns about its ability to continue as a going concern. The company, which
