Sale Sharks owner sells £1bn empire to Asda backer TDR Capital January 20, 2025 Simon Orange, the self-made millionaire who co-owns Premiership rugby club Sale Sharks, has sold his business empire to Asda backer TDR Capital in a deal worth more than £1bn. CorpAcq, which is based in Cheshire, counts more than 40 businesses as part of its portfolio including the likes of Cotton Traders. CorpAcq does not included [...]
Profit hike for owner of Gary Neville’s The Overlap January 20, 2025 Growth in the US helped fuel a surge in both sales and profit at Miroma, the group which previously weighed up a shock £1bn takeover of Channel 4 and the owner of Gary Neville’s The Overlap series. The marketing agency, which also owns a majority stake in Gary Neville’s production company, Buzz 16, has reported [...]
Inside the bitter court battle over Yodel’s future – and why it matters January 20, 2025 An increasingly bitter legal battle has broken out between Yodel and the entrepreneur who attempted to rescue the delivery giant last year. In the one corner is the Liverpool-headquartered company and its chief executive, Mike Hancox. In the other is the man who led that aborted rescue deal – which ended up falling through last [...]
UK gilts: After 30 years of calm, pension funds now must adapt to volatility January 19, 2025 After decades of calm, pension funds have little if any memory of more volatile times. But amid rising gilts, that now needs to change.
FTSE 100 hits all-time high as investors bet on interest rate cuts January 17, 2025 The FTSE 100 has hit a new all-time high this morning, surpassing the previous peaks it reached in spring last year, as investors ramp up their bets on an interest rate cut by the Bank of England next month. The value of London’s 100 largest listed companies has grown 3.2 per cent in the last [...]
Barclays analysts: Lloyds and Natwest shares are ‘too good to ignore’ January 17, 2025 "A repricing higher in UK rates expectations sees us lift our NII estimates," Aman Rakkar and Grace Dargan wrote in a note published today.
Mark Kleinman: Regulators’ D-Day is crucial for Starmer agenda January 16, 2025 Mark Kleinman is Sky News’ City Editor and is the man who gets the Square Mile talking in his weekly City AM column. This week, he looks at D-Day for regulators, Ebury’s IPO knife-edge and Badenoch’s Reform nightmare Regulators’ D-Day is crucial for Starmer agenda It’s D-Day for Britain’s regulators. Barely three weeks after a dozen economic watchdogs were [...]
EG Group: From a Bury service station to a $13bn IPO January 14, 2025 EG Group is set to end 24 years as a private company with a $13bn float on the New York Stock Exchange, according to reports. Co-founder of EG Group and current non-executive, Zuber Issa, told the Sunday Times that “the road map is starting now” on an IPO, with the float expected to complete this [...]
‘Don’t squander the scientific opportunity of a lifetime’, Lords warns UK January 14, 2025 The UK must take urgent action to reverse its declining leadership in engineering biology to avoid ‘squandering the scientific opportunity of a lifetime’. The House of Lords released a report today cautioning that without bold government intervention and increased private sector investment, Britain risks losing out on vast economic potential. Engineering biology, an evolving field [...]
Pound sterling suffers as traders pare bets on Fed rate cuts January 13, 2025 The sell-off comes after a bruising week for UK assets last week, with sterling falling over three per cent and gilt yields picking up to the highest levels in decades.