DX delivery group gets £293m bid from US private equity firm HIG September 11, 2023 Delivery company DX Group said on Monday that it has been courted with an approximately £293m offer from a US private equity giant.
Kroo kicks off £70m fundraise as it targets profitability September 11, 2023 Digital bank Kroo is looking to raise a fresh round of cash from investors as it targets a swing to profit in the coming months, the firm announced today.
A case for cutting business rates? Just look at our high streets September 11, 2023 The UK's declining high streets tell us all we need to know about the success of our punitive tax regime.
The Notebook: Charles Tyrwhitt boss on how the ‘tourist tax’ is hurting London September 11, 2023 Where the City’s movers and shakers get a few things off their chest. Today, it’s Nicholas Wheeler, founder of tailored shirts specialist Charles Tyrwhitt.
UK and India can ‘work through’ trade deal obstacles, PM says September 9, 2023 Rishi Sunak has signalled there is optimism the UK can conclude a trade deal with India after saying the two countries can “work through” the final negotiation hurdles. Statements made by the Prime Minister and No 10 following a meeting with Indian prime minister Narendra Modi on the fringes of the G20 summit suggested fresh [...]
UK police arrest escaped terrorism suspect September 9, 2023 A former British soldier suspected of terrorism offences who escaped from prison earlier this week was recaptured in London on Saturday, police said. Daniel Abed Khalife, 21, absconded from London’s Wandsworth prison on Wednesday morning after slipping out of the prison kitchen where he was working and strapping himself to the underside of a food [...]
UK’s Motor Fuel Group in £2bn fuel stations deal talks with Morrisons September 9, 2023 UK’s Motor Fuel Group (MFG) is in talks with supermarket chain Morrisons for 340 fuel retail forecourts in a deal that could be worth about £2bn, the petrol stations giant said. The company, in a statement to Reuters on Friday, said a deal would also include 500 freehold plots of land at the supermarket chain’s [...]
Heatwave a ‘huge relief’ for hospitality sector after miserable summer September 9, 2023 The September heatwave has come as a “huge relief” for the hospitality sector after a miserable July and August, leading industry figures have said. Soaring temperatures over the past week have “brought back the feelgood factor” for business owners across the industry, they added. Thursday was provisionally the hottest day of the year so far, [...]
Industry bodies back London as European clearing hub as concerns raised with EU’s regulations September 7, 2023 Leading users of derivatives markets in the European Union called on the bloc on Thursday to scrap a plan that would force them to shift euro derivatives clearing from London to the EU.
Global watchdog warns over ‘very high leverage’ in hedge funds September 6, 2023 Leverage is now very high in parts of the $7 trillion hedge fund sector, G20 risk watchdog Financial Stability Board (FSB) warned on Wednesday, while noting that significant data gaps make it hard to get a full picture of vulnerabilities among "non-banks".