Thames Water: Major upgrades mothballed despite dividend payouts December 23, 2024 Thames Water diverted millions of pounds it had pledged for environmental clean-ups towards funding bonuses and investor payouts. According to the Guardian, secret discussions were held to consider the risk of a public and regulatory backlash against such a move, which could be seen as a breach of the company’s license commitments and leave it [...]
IAG shares: Ambitious British Airways will deliver, say analysts December 23, 2024 Analysts are backing British Airways for a bumper 2025 as the UK's flag carrier pushes ahead with a £7bn transformation plan.
Christmas travel chaos: Train strikes, wind warnings and congestion December 23, 2024 Brits have been warned of significant travel disruption over the Christmas and New Year getaway as record numbers hit the roads.
Chris Hohn: Hedge fund boss’s pay slumps to just £42m December 23, 2024 Hedge fund boss Chris Hohn took a £233m pay cut this year, as his fund paid out around £340m in charitable donations. The head of TCI Fund Management, Hohn took home $53m (£42m), down from the $346m (£276m) he collected in 2023, Companies House filings have revealed. TCI, which previously employed former prime minister Rishi [...]
Wingstop UK bought in £400m sale by private equity giant December 23, 2024 The UK franchise of Wingstop has sold a majority stake in its business to US private equity giant Sixth Street. The terms of the deal have not been disclosed, it is understood that the value of the sale is at least £400m. While Sixth Street will take a majority stake in the company, the restaurant’s [...]
Honda and Nissan unveil merger plans as talks continue December 23, 2024 Honda and Nissan have signed a deal to proceed with talks to unify under a joint holding company, it has been announced.
Seeing Machines gets huge boost from auto giant Mitsubishi December 23, 2024 It has been announced that Japanese auto giant Mitsubishi will invest £26.2m into the Aim-listed automotive tech firm Seeing Machines. The partnership will see Mitsubishi’s electric mobility arm become a significant shareholder in the company, taking a 19.9 per cent holding. Shares in Seeing Machines soared nearly 20 per cent on the news. Launched in [...]
UK economy flatlined last quarter revised figures reveal December 23, 2024 The latest revised figures from the Office for National Statistics have revealed the UK economy did not grow in the third quarter of this year. The statistics watchdog had previously said the economy grew 0.1 per cent in the third quarter. However, according to the latest figures, the economy flatlined, leaving the UK with no [...]
Direct Line agrees £3.7bn Aviva takeover December 23, 2024 Direct Line’s board has agreed to accept Aviva’s £3.7bn takeover of the insurer, bringing to an end the firm’s run as an independent company. In a stock exchange announcement this morning, Direct Line’s board endorsed Aviva’s latest £3.7bn offer for the business. Under the terms of the deal, shareholders will receive 0.2867 Aviva shares, along [...]
Shop staff ‘facing Christmas crime wave’ with more shoplifting cases unsolved December 23, 2024 Shop staff are facing a “Christmas crime wave”, an MP has warned as new figures revealed an average of more than 650 shoplifting offences a day went unsolved in the past year. In the year to March 2024, 245,500 investigations were closed without a suspect being identified – an average of 672 a day – [...]
