Marmite maker Unilever creates food empire in $45bn merger March 31, 2026 Unilever has sealed a $45bn merger of its food brands with US spice and seasoning giant McCormick, forging a $60bn food empire in which the London-based firm holds a majority stake. Unilever and its shareholders will own 65 per cent in the new body, with the firm receiving $15.7bn (£11.6bn) in cash and the equivalent [...]
Michele Kang committed to funding London City Lionesses after £10.6m loss March 31, 2026 London City Lionesses chiefs insist Michele Kang will continue to fund the club’s growth after they posted a £10.6m loss for the 2024-25 season, when they won promotion to the Women’s Super League. US billionaire Kang, who also owns French side OL Lyonnes and NWSL team Washington Spirit, injected £12.5m into London City Lionesses via [...]
German backers of Olympia redevelopment add new £500m investment March 31, 2026 The German investors behind the redevelopment of Kensington’s Olympia exhibition centre have committed an additional £500m as the consortium refinances the project. Deutsche Bank AG will hand a £900m loan to the consortium behind the project, which includes German pension fund Bayerische Versorgungskammer and insurer Versorgungskammer Bayern. The project is one of London’s biggest regeneration [...]
Deutsche Bank hit with £700m lawsuit in London by former executives March 31, 2026 Four former Deutsche Bank executives have filed a £700m legal action in the High Court alleging the bank conspired to injure them by “unlawful means.” The history of the claim stems from a decade-long saga that began with the Monte dei Paschi di Siena (MPS) scandal, which led to criminal convictions that have now been [...]
iBase-t Announces Strategic Growth Investment from TA to Accelerate AI-Powered Digital Manufacturing and MRO Transformation in Aerospace & Defense March 31, 2026 iBase-t, a leading provider of Manufacturing Operations Management software for aerospace and defense manufacturers, today announced a strategic growth investment from TA Associates (TA), a global growth private equity firm. The investment will support iBase-t’s continued product innovation and global expansion as global aerospace and defense manufacturers scale production, modernize sustainment operations, and accelerate adoption [...]
ECCEUKCH: The First Year of Activities to Promote European Extra Virgin Olive Oil in the UK and Switzerland Comes to a Close March 31, 2026 The first year of ECCEUKCH – The Excellence of European Olive Growing in the UK and Switzerland, the three-year information and promotion programme dedicated to high-quality European extra virgin olive oil, co-financed by the European Union under Regulation (EU) No 1144/2014, has come to an end. Promoted by the Tuscan Association of Olive Growers OL.MA. [...]
Charging for museums will erode Britain’s soft power March 31, 2026 Ending free museum access would see some of Britain's most coveted institutions fade to irrelevance, writes Benji Wiedemann.
Unilever freezes hiring as Iran war poses ‘significant challenges’ March 31, 2026 FTSE 100 giant Unilever has placed a global freeze on hiring for at least three months as the Iran war wreaks havoc on global supply chains and fuel prices. The London-based business, which owns Dove soap and Hellman’s mayonnaise, told staff the ban on hiring will affect “all levels” of recruitment and was taken in [...]
Blackrock mulls a move to HSBC’s Canary Wharf tower March 31, 2026 Blackrock is mulling a move to HSBC’s Canary Wharf skyscraper with the site one of a number of locations viewed by the firm as it scouts for a new London headquarters. The world’s largest asset manager has taken a look at the 8 Canada Square tower, which HSBC is set to vacate next year. But [...]
Princes Group signals price hikes as Middle East conflict piles pressure on costs March 31, 2026 Tinned tuna giant Princes has signalled a potential hike in prices, as the conflict in the Middle East continues to pile pressure on business costs. The Liverpool-based owner of Branston and Flora, noted that it could raise prices where needed to offset cost pressures from rising fuel, transport and plastic packaging costs caused by the [...]