Competition watchdogs kicks off inquiry into Aviva acquisition of AIG Life February 8, 2024 The Competition and Market Authority (CMA) has launched a merger inquiry into the acquisition of AIG Life by Aviva. It was announced last September that Aviva was acquiring the US giant protection business from its subsidiary Corebridge Financial for a quoted price of £460m. The business Aviva is buying provides has 1.3m individual protection customers [...]
Profits rise at DFS-owned Sofology as it opens new stores February 8, 2024 Profits at Sofology increased during its latest financial year as it opened more stores across the UK.
Maersk shares plummet amid ‘high uncertainty’ of Red Sea shipping disruption February 8, 2024 Maersk shares plummetted over 14 per cent this morning after the container shipping giant flagged "high uncertainty" in the Red Sea.
Aardman: New Wallace and Gromit film helps create almost 100 UK jobs at animation studio February 8, 2024 The up-coming Wallace and Gromit film helped create almost 100 jobs at stop-motion animation studio Aardman.
Hiring this February? You’ll be more successful if you understand the priorities of today’s talent February 8, 2024 Chances are, some of the most talented people in your organisation are looking for a new job right now. You might even be looking for one yourself. After all, February is renowned for being a busy month for recruiting staff as managers take advantage of new hiring budgets granted at the start of the year. [...]
FCA urges Big Tech to crack down on fraud amid rise in unauthorised firms February 8, 2024 The Financial Conduct Authority (FCA) has launched a fresh call for social media firms to do more to prevent mass fraud on their platforms, City A.M. can reveal.
Moving markets: Five things shaping the FTSE 100 today February 8, 2024 Asian shares track Wall Street's surge; China's inflation records the deepest drop since 2009. Oil prices rose amid slim progress in Gaza peace talks. SoftBank rises on Arm results; investors eye earnings, the Fed, and U.S. jobless claims.
Uber posts first annual net profit since IPO debut; equity analysts lift price target February 8, 2024 Uber posted its first annual net profit since going public, indicating improved user retention and successful strategic initiatives, prompting several equity analysts to raise the price target.
Yodel addresses sale talk as potential buyer emerges February 7, 2024 Delivery group Yodel has addressed reports that its owners have accelerated their plans to find a buyer.
Uber reports first ever full-year operating profit as chief hails an ‘inflection point’ February 7, 2024 Uber has reported its first full-year operating profit as the ride-hailer continues to emerge from years and billions worth of losses.