Tate and Lyle reaches sale agreement of American subsidiary May 23, 2024 Tate and Lyle has reached agreement with KPS Capital Partners for the sale of its remaining stake in Primient, an American subsidiary of Tate and Lyle. The firm said after the sale of its near 50 per cent stake, net cash proceeds, after tax and transactions costs, are expected to be around $270m (£215m). The [...]
London’s West End gets welcome boost with return of foreign tourists May 23, 2024 An influx of foreign tourists over the past 12 months has delivered a boost for the West End's biggest landlord, Shaftesbury Capital, as it reveals its first financial results since its £3.5 bn takeover last year.
Pressure on as competition watchdog launches investigation into UK vet industry May 23, 2024 The competitions watchdog said it will press ahead with an investigation into the UK’s vet industry following concerns pet owners are not getting value for money.
FTSE 100 today: London markets set to open lower as rate cut bets ease May 23, 2024 Asian markets mixed post-US stock dip, Nvidia up 6% post-bell on strong revenue. Focus on UK-US PMI data for economic cues.
ITV agrees multi-million pound investment into Purplebricks’ reinvention May 22, 2024 ITV is set to invest more than £4m into online estate agency Purplebricks, the first major investment in the ailing brand since it was acquired in 2023 by rival Strike.
Volvere pays tribute to late CEO as Shire Foods owner returns to the black May 22, 2024 One year after losing its founder to cancer, turn-around investment firm Volvere has announced net profits of more than £2.7m, returning to the black.
Mining mega-merger in doubt as clock ticks down on BHP’s Anglo American offensive May 22, 2024 The clock is counting down on BHP’s takeover swoop for Anglo American today as the Australian miner is left with just hours to table an improved offer or walk away.
Admiral Acquisition becomes latest firm to exit London Stock Exchange after £1.48bn deal May 22, 2024 Admiral Acquisition has become the latest company to announce it will leave the London Stock Exchange for New York, after buying US engineering business Acuren for $1.85bn (£1.48).
Arm to act as cornerstone investor for Raspberry Pi as it confirms intention to float May 22, 2024 London can breathe a sigh of relief as Raspberry Pi has confirmed its intention to IPO on the LSE, following months of teasing the move.
Why the prospect of a Shein listing is dividing the City of London May 22, 2024 Shein's plans to reportedly float on the London Stock Exchange have been seen as a welcome boost in some quarters. But the Chinese founded fast-fashion giant is posing difficult questions for the City, writes Charlie Conchie