Foreign takeovers tumble as rising rates and wild prices scupper London bargain hunt September 5, 2023 The number of foreign buyers swooping on UK firms tumbled sharply in the second quarter as a predicted deals raid sputtered out amid rising interest rates and volatile markets, official figures show.
Renault boss sees potential £8.6bn valuation for EV unit float next year September 5, 2023 The initial public offering (IPO) of Renault's Ampere electric vehicle division could get a valuation of up to €10bn (£8.55bn), CEO Luca de Meo said.
Jet2 appoints successor for chair Philip Meeson September 5, 2023 Jet2 announced a replacement for long-time chief and founder Philip Meeson, the entrepreneur who transformed the company into the UK’s leading package holiday airline. Senior independent non-executive director Robin Terrell is stepping in, following an announcement in July that 75-year-old Meeson was to depart after nearly 40 years at the helm. Terrell, who was appointed [...]
We’re buzzing about this London hotel’s overnight bee package September 5, 2023 We tried out the Royal Lancaster hotel’s new beekeeping overnight package If you’re ever wandering through London’s leafy Hyde Park and hear a gentle humming sound, don’t panic – killer AI robots aren’t here for us just yet. What you might be hearing (very faintly, as it is 17 floors up) is the sound of [...]
Ashtead’s share price falls after lowering UK revenue outlook September 5, 2023 British equipment rental firm Ashtead Group lowered its annual UK rental revenue growth forecast today citing softening market conditions.
PEPs: Banks under renewed pressure as City watchdog begins review into treatment of politicians September 5, 2023 Financial services firms denying banking services to politicians will come under renewed scrutiny as the City watchdog launched its review into domestic politically exposed persons (PEPs).
Klarna global boss doubles down on UK investment despite regulation uncertainty September 5, 2023 Buy-now pay-later giant Klarna will double down on a UK investment drive despite lingering uncertainty around a clampdown on the sector by regulators this year, its global chief has pledged. Sebastian Siemiatkowski, founder and chief of the Swedish fintech, told City A.M. that the UK remained a key market for the firm despite a push [...]
Bitcoin slips below $25,800 as crypto markets lose altitude September 5, 2023 Most of crypto is dipping in the red this morning, with Bitcoin down by roughly 1% while Ethereum (ETH) follows a similar pattern.
FTSE 100 close: London markets falls after poor services PMI data raises risk of recession September 5, 2023 By the mid-afternoon, the FTSE 100 was trading around 0.3 per cent higher while the midcap FTSE 250 rose 0.1 per cent.
Wilko: B&M snaps up 51 stores of beleaguered retailer for £13m September 5, 2023 B&M has confirmed that it will buy 51 Wilko stores for £13m following the highstreet stores collapse. The rival discount chain, which has over 700 sites across the UK, did not mention how many job roles would be saved in the process. On the sale, its share price was down more than three per cent [...]
