Boots bidders set to meet with bosses as takeover race continues March 20, 2022 Bidders for the high street chemist Boots are preparing to meet with the chain’s bosses this week as the race to takeover the firm intensifies.
Soaring inflation is UK’s main financial concern March 20, 2022 Soaring inflation is the top financial concern for UK adults, in both the long and short term, according to new research from M&G Wealth. A quarter (25 per cent) of UK adults cited soaring inflation as their main financial concern over the coming year, according to a survey of 2,000 people. A further 18 per [...]
British Chambers of Commerce urges Sunak to help businesses facing rising costs March 20, 2022 The British Chambers of Commerce has called on Rishi Sunak to help businesses facing rising energy costs as it warns of a “cost of doing business” crisis. BCC director general Shevaun Haviland today urged the chancellor to scrap the planned rise in National Insurance Contributions for employees and employers next month and to implement an [...]
Swedish car seller thwarted in plan for £400m takeover of Pendragon March 20, 2022 One of Europe’s biggest car sellers has been thwarted in its £400m bid to takeover the UK’s second largest car dealership, Pendragon. The board of Pendragon rejected Hedin Group’s £400m takeover bid, after the Swedish conglomerate put forward a secret offer of 28p a share, according to Sky News. As Pendragon’s largest shareholder, Hedin Group, [...]
Gazprom chases buyers amid mass exodus March 20, 2022 The British arm of Kremlin-backed gas giant Gazprom is scrambling to find buyers to prevent its collapse with customers fleeing the company.
Sunak says ‘of course’ he will provide more help for families facing rising energy bills March 20, 2022 Rishi Sunak has said that “of course” he will help households dealing with further increases in energy bills as a result of the Russo-Ukrainian war. The chancellor said that he will “stand by” people facing the cost of living squeeze in “the same way I have done in the last couple of years”. Sunak will [...]
Exclusive: Marshalls reaps the rewards from a home improvement boom March 20, 2022 City A.M. speaks with Martin Coffey, chief executive at Marshalls, as the stone and concrete specialists show signs of post-Covid recovery.
Boris Johnson compares Ukrainian resistance to invasion to Brexit vote March 20, 2022 The Prime Minister said it was the instinct of Brits to “choose freedom,” just as it was the Ukrainian instinct to resist invasion. Boris Johnson has come under fire for comparing the UK vote on Brexit to those impacted by Russia’s invasion of Ukraine, speaking at the Conservative Party’s spring conference. “When the British people [...]
Treasury to reveal £40bn tax boost as Sunak faces calls to further tackle cost of living March 20, 2022 The Chancellor is preparing for a £40bn boost to the Treasury from higher tax receipts as industry and campaign groups call for more solutions to tackle the cost of living. Rishi Sunak is expected to reveal better borrowing figures than previously forecast, alongside higher tax revenues and a slimmer debt-to-GDP ratio in 2021-22. The figures [...]
CVC mulling Amsterdam listing as London’s hopes for rare private equity IPO dashed March 19, 2022 Private equity veteran CVC Capital Partners is eyeing a listing on Amsterdam’s Euronext, in a blow for the City, it has been reported. According to the Financial Times newspaper, CVC informed investors of its intentions, although no final decisions have been made just yet. London has been hopeful of a rare private equity listing but [...]
