Former Deloitte lawyer cleared by disciplinary tribunal April 12, 2024 Following the conclusion of the case, the Tribunal found that the allegations against him were not proven.
Crunch time: Cérélia forced to sell Jus-Rol after court dismisses appeal April 12, 2024 French pastry maker Cérélia has been ordered to sell frozen pastry Jus-Rol after losing an appeal against the competition watchdog. US based food company General Mills, which owns Jus-Rol, announced in November 2021 that it agreed to sell its European dough businesses to Cérélia. With an annual turnover of €800m (£682m), Cérélia brands include Croustipate, [...]
Regulator warns firms over provisions for motor finance claims April 12, 2024 It said it had "observed firms taking different approaches to account for the potential impact of previous use of DCA on their financial resources."
UK and Korea prepare for second AI safety summit in Seoul April 12, 2024 The UK and the Republic of Korea are gearing up for the second Artificial Intelligence (AI) Safety Summit, set to be held in Seoul on 21 and 22 May.
Ferrero Rocher, Nutella and Kinder Surprise owner hails sales surge April 12, 2024 UK sales have surged past £500m at the owner of confectionary brands such as Ferrero Rocher, Nutella and Kinder Surprise, according to new accounts.
Keir Starmer: Nuclear ‘triple-lock’ is ‘bedrock’ of Labour policy with 2.5 per cent of GDP for defence April 12, 2024 Keir Starmer committed Labour to spend 2.5 per cent of UK GDP on defence while saying a commitment to nuclear weapons was a 'bedrock' of policy.
Petrofac mulls equity issuance as it battles to stay afloat April 12, 2024 Oil and gas exploration company Petrofac currently remains "in discussions" with its lenders over restructuring its massive debts, suggesting options such as exchanging equity in the business.
R&Q Insurance expects large ‘adverse development’ on loss reserves April 12, 2024 It announced in October that it had entered into a conditional agreement to sell Accredited, its programme management business, to private equity investment manager Onex Corporation.
Sigmaroc nets £214m revenue as chief hails ‘transformational’ CRH acquisitions April 12, 2024 Sigmaroc has reported a strong first quarter, with its chief hailing a "transformational" €1bn deal to acquire a string of European lime businesses.
Competition watchdog issues warning on AI foundation models like ChatGPT April 12, 2024 The CMA said it is concerned about the concentration of market power among a handful of incumbent technology giants' AI models.