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The Blackstone Group has the support of a big-name backer – Bill Gates- the largest shareholder in Signature Aviation, strengthening the firms bid to buy the private-jet servicing company. The support comes in opposition to rival bidder Carlyle and strengthens Blackstone’s $4.29bn (£3.16bn) offer alongside Gates’ Cascade Investment. Blackstone and Cascade, which own a near [...]
Scottish fishermen have reportedly frozen exports to the EU due to a sudden rise in export costs and skewed delivery times after post-Brexit delays at ports. Fishing export businesses are faced with the introduction of health certificates, customs declarations and other paperwork increase export costs and timings. “Our customers are pulling out,” Santiago Buesa of [...]
LafargeHolcim has snapped up commercial roofing leader Firestone is to be sold to in a hefty $3.4bn (£2.5bn) deal.
The UK’s first Covid-19 lockdown threatened the viability of around 4,000 financial firms, the Financial Conduct Authority (FCA) said this morning. The financial watchdog surveyed 23,000 smaller financial firms to greater understand the financial impacts of Covid-19 and found that 59 per cent of firms expected blows to their profits due to the pandemic. Others’ [...]
London First announced this morning that CEO Jasmine Whitbread will step down after four years at the non-profit. Whitbread plans to succeed Stuart Chambers as non-executive chairman at building material and equipment giant Travis Perkins at the end of March. “I’ve had four exhilarating years at the helm of London First, grappling with the impact [...]
A disgraced Chinese banker has been handed the death sentence after he admitted to accepting more than £200m in bribes. Lai Xiaomin was also found guilty of bigamy after living “as man and wife long periods” outside of his marriage. Lai confessed to the crimes in an extraordinary TV interview with a state broadcaster before [...]
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