CareTech set for £870m takeover by co-founders June 27, 2022 Social care provider CareTech is set to be taken private in an £870m deal spearheaded by its co-founders, the brothers Haroon and Farouq Sheikh. AIM-listed CareTech, which provides residential care to children, young people and adults, said today it had agreed to a deal by Amalfi Bidco that will see shareholders pocket 750p per share. [...]
Centrica withdraws from Bulb auction as bidding deadline approaches June 26, 2022 British Gas owner Centrica has withdrawn from the auction to snap up collapsed energy provider Bulb in a blow to government’s efforts to find a buyer for the firm.
UK among G7 countries to ban Russian gold imports June 26, 2022 Exported Russian gold will be shut out of the UK, Canada, US and Japan under a batch of fresh sanctions designed to ramp up pressure on Moscow’s war efforts, the government announced today.
Investors pile into real assets amid equity market turbulence June 26, 2022 Investors are piling into so-called real assets this year as equity markets plunge amid soaring inflation and rising interest rates, new data has revealed.
Dealmaking drought set to continue amid recession fears June 26, 2022 A dealmaking drought is set to continue this year as firms batten down the hatches for a prolonged period of rampant inflation and stock market turbulence, analysts have warned.
Overhaul tax system to boost firms’ tech investment, says Sage boss June 26, 2022 The boss of British software giant Sage has called for an overhaul of the UK’s tax system to boost firms’ investment in digital growth and tech infrastructure.
Calls grow for ministers to block Chinese acquisition of British aerospace firm June 26, 2022 The government is being urged to step in and block the acquisition of British aerospace firm AIM altitude by a state-controlled Chinese group as fears grow over the influence of China in British businesses.
Warehouse robots firm BotsAndUs ready for global push after $13m seed funding June 23, 2022 London robotics firm BotsAndUs said it was readying an international expansion today after closing a $13m funding led by European venture outfit Lakestar.
Payments firm SumUp hits €8bn valuation after fresh funding round June 23, 2022 London payments firm SumUp revealed it had bagged a $590m funding injection today as it looks to fuel a growth push and rollout new products this year.
Barclays calls on retailers to help stop mounting BNPL debt crisis June 23, 2022 Barclays has sounded the alarm over rising buy-now pay-later debt today and called on retailers to step up and protect shoppers, warning that 876,000 Brits could be plunged into unmanageable debt this year without intervention.