City law firm denies ties to KPMG Australia scandal June 22, 2026 City-headquartered law firm Ashurst has denied its involvement in investigating allegations at KPMG Australia as the Big Four firms’ scandal fallout continues to heat up down under. Ashurst reportedly carried out an investigation from June to August 2025 over allegations made by a whistleblower against an unnamed former executive, following the Big Four firm conducting [...]
CRH to Acquire Arcosa; Leading U.S. Provider of Aggregates and Critical Infrastructure Products for $8.5B June 22, 2026 Strengthens CRH as the #1 infrastructure player in North America and reinforces CRH as the leader in U.S. aggregates Acquisition is highly complementary, advancing CRH’s strategy to build an aggregates-led, connected portfolio aligned with growing infrastructure megatrends Transaction expected to be accretive(1) to earnings, margin and cash flow in the first 12 months post-completion, demonstrating CRH’s ongoing commitment to accelerating growth through value-creating capital allocation CRH to host investor call today at 8:30 a.m. Eastern Daylight Time
Nestle launches probe over ties to sanctioned Russian propaganda channel June 22, 2026 Nestle has launched an internal investigation after it was found to have advertised on a sanctioned Georgian TV channel with ties to the Russian state.
Coca-Cola brings in restructuring lineup over failed Costa sale June 22, 2026 US beverage giant Coca-Cola has called in a team of restructuring experts to advise on the failed sale of high street drinks retailer Costa Coffee last year. Consultancy firms Alvarez & Marsal and Alix Partners, which both have prominent City presences, are reportedly advising the coffee chain after an attempt to sell it off was [...]
HMRC has been overtaxing pensioners for a decade- have you been affected? June 22, 2026 Two weeks ago it was revealed that HMRC has been overcharging millions of pensioners on their tax bill for at least a decade. The taxman had knowingly overcharged taxpayers in receipt of their state pension because of an error in how their income was calculated each year, increasing the bills of up to 8.7m pensioners [...]
Andy Burnham: being all things to all men will end up letting everyone down June 22, 2026 Andy Burnham has made a series of promises he knows he can’t keep. Either that he does not care, so consumed is he with ambition to be Prime Minister, or that he believes he will somehow find a way to make the circle appear squared and satisfy a broad spectrum of opinion. Indifference or mendacity [...]
Babcock predicts global government defence spending spree after hit to profit June 22, 2026 Babcock said it had suffered a £140m financial hit due to delays in a contract with the Royal Navy but reiterated its financial targets for the next year, predicting high spending as global governments plough cash into defence. Profit before tax slumped to £267.2m from £339.4m in the prior year after problems with its Type [...]
David Lloyd gyms limbers up for £4bn London float June 22, 2026 The owner of David Lloyd gyms is considering a £4bn London listing in what would be a major boost for the capital’s stock exchange. TDR Capital, which also owns Asda, is eyeing up the initial public offering (IPO) despite a dearth of high-profile listings in recent years, City AM understands. The private equity firm snapped [...]
Ocado to replace founder Steiner as shares plunge June 22, 2026 The board of Ocado is on the hunt for a successor to its founder and chief executive, Tim Steiner, as the e-commerce group faces up to a rapidly falling share price. The FTSE 250 firm, which offers online shopping and warehouse automation services, confirmed on Monday that it is putting together a succession plan for [...]
Castlelake urges Easyjet investors to back £4.7bn takeover bid June 22, 2026 Private equity firm Castlelake is calling on investors in Easyjet to lobby the budget airline to accept its third takeover offer, after the FTSE 250 carrier slapped down its latest bid over the weekend. The bidder said on Monday that Easyjet has rejected three successive takeover bids and criticised the airline for its “unwillingness to [...]