Private equity group TPG in exclusive talks to buy McLaren’s iconic Woking HQ March 8, 2021 Private equity group TPG is in exclusive talks with supercar maker McLaren over the purchase of the firm’s iconic Woking headquarters. Sky News reported that the sale-and-leaseback deal for the property, which would allow the carmaker to continue using it, could be worth around £180m. The spectacular facility, which houses the firm’s collection of classic [...]
FTSE 100 ends week lower as fears over US bond yields and housing market grow March 5, 2021 FTSE 100 ends week lower as fears over US bond yields and housing market grow
London Stock Exchange shares tumble on Refinitiv merger costs March 5, 2021 Shares in the London Stock Exchange Group (LSEG) tumbled today after the company revealed its $27bn mega-merger with Refinitiv will cost more than expected and lead to job cuts. The stock market operator said it expected capital expenditure to hit £850m this year, with £150m of associated operating costs. This marked an increase in the [...]
Credit Suisse to wind down Greensill-linked funds as GFG ‘ceases repayments’ March 5, 2021 Banker Credit Suisse today said that it would wind down supply-chain finance funds worth around $10bn linked to embattled Greensill Capital. In a statement this morning the Swiss lender said it would start repaying investors around 80 per cent of the $3.7bn it has available. The decision came as Sanjeev Gupta’s GFG Alliance decided to [...]
Exclusive: Deloitte diversity chief dumped from role after bullying accusations March 5, 2021 Exclusive: Deloitte diversity chief dumped from role after bullying accusations
Deloitte diversity chief ‘facing internal investigation over bullying claims’ March 5, 2021 Deloitte’s deputy chief executive and diversity champion Dimple Agarwal is facing an internal probe over allegations of bullying. Agarwal, head of “people and purpose” at the Big Four auditor, is facing complaints from staff over inappropriate working practices such as communicating aggressively and making employees attend extremely early meetings, the Telegraph first reported. Having joined [...]
House prices edge down last month as market slows March 5, 2021 House prices inched down in February as activity slowed but remain more than five per cent up year-on-year, new data released today showed. According to Halifax’s House Price Index, prices dropped 0.1 per cent last month compared to in January, with the average price now £251,697. However, in the quarter from November to February prices [...]
Ready meal firm Parsley Box set for London float March 5, 2021 Ready meal provider Parsley Box has this morning announced its intention to float on London’s AIM list. The company, which targets its meals at the “baby boomer” generation, said it would give its customers the chance to invest in the firm as part of the IPO. Parsley Box said that it planned to be admitted [...]
Government slammed over lack of climate change plan March 5, 2021 Two government committees have hit out at the government over a lack of detail in its climate change plans ahead of this year’s COP26 conference. In a new report released today, the influential Public Accounts Committee (PAC) said that two years on from fixing its net zero target in law, the government had “no plan” [...]
Wall Street slips despite better than expected US jobs data March 4, 2021 US stocks opened lower on Thursday as Wall Street reckoned with yesterday’s technology-led selloff, despite new data showing an improved US employment market. The tech-heavy Nasdaq slid 2.4 per cent this afternoon, with carpet company Dixie Group pulling the index down with a 48 per cent drop. Tesla shares extended yesterday’s loss of more than [...]
