Abba Voyage doubles profit as sales pass £100m September 27, 2024 The company behind London’s Abba Voyage experience more than doubled its pre-tax profit as its turnover passed the £100m mark during 2023, it has been revealed. The business has reported a profit of £6m for the 12 months, up from the £3m it achieved in 2022. According to newly-filed accounts with Companies House, Abba Voyage’s [...]
Lloyd’s of London investor sees premiums soar thanks to bumper market September 27, 2024 Helios Underwriting's gross written premiums surged to £230m after Lloyd’s market has "exceptionally good" market conditions
Cranswick: Pig farms boost outlook for food producer yet again September 27, 2024 UK food producer Cranswick is looking towards “upper end” of market expectations as meaty investments into pig farming operations paid off once again. The supplier, which is headquartered in Kingston upon Hull, said today in its half year trading update that its expansion into pig farming operations has led to positive contributions for the brand. As [...]
Hargreaves Lansdown reveals vote date and lenders for takeover deal September 27, 2024 The private equity consortium set to take over Hargreaves Lansdown has added a host of lenders to the group financing the £5.4bn takeover deal. This morning, buyout giant CVC, alongside Nordic Capital and Platinum Ivy, a subsidiary of the Abu Dhabi Investment Authority, said that it had added four new lenders to fund the cash [...]
Telegraph attracts takeover interest amid latest auction deadline September 27, 2024 The bidding war to buy the Telegraph newspaper business is moving nearer to its conclusion amid the latest deadline for takeover offers. Potential suitors to buy the Telegraph Media Group have until the end of Friday to submit second-round offers. It is understood at least three parties, including both UK and international firms, are in [...]
Starmer meets Trump in New York: ‘I’m a great believer in personal relationships on the world stage’ September 27, 2024 Sir Keir Starmer has met with Donald Trump during his visit to New York. The Prime Minister visited the Republican presidential candidate’s Trump Tower for talks ahead of November’s US election. Sir Keir said he wanted to meet Mr Trump face to face because “I’m a great believer in personal relationships on the world stage”. [...]
Is Unicredit about to kickstart a wave of European bank mergers? September 27, 2024 UniCredit is facing stiff opposition from the German government amid speculation that it could launch a multibillion-euro takeover bid for Frankfurt-based Commerzbank.
Revolut to join UK bank fraud helpline after surge in complaints September 27, 2024 Revolut is among three new firms signing up to the banking industry’s answer to 999 after it emerged that it had outstripped all the UK's major banks in official fraud complaints.
Ex-Bank of England chief economist warns on Labour’s non-dom crackdown September 26, 2024 Speaking on LBC, Andy Haldane warned that the government's measures might give overseas investors "cause for pause" before setting up businesses in the UK.
Blackstone: Private equity giant backs £10bn AI data centre deal in UK September 26, 2024 Private equity giant Blackstone has injected £10bn into the UK to build one of the largest artificial intelligence data centres in Europe. The investment will build a data centre in Blyth, in the north east of England, creating more than 4,000 jobs. Construction of the site is expected to begin next year. It comes after [...]