UK deal making scales to 14-year high as PE firms scramble to deploy dry powder December 29, 2021 Private equity firms scrambling to deploy a wave of dry powder amassed before the Covid-19 crisis has lifted UK takeovers to their highest level in 14 years, reveal new figures released today. The overall value of deals involving UK companies jumped 10 per cent to $630.8bn this year, the highest print since 2007, according to [...]
Babcock finalises sale of energy business as it seeks to streamline operations December 24, 2021 Babcock has finalised the sale of its energy business today for a total of £50m, as it seeks to streamline the company. The London-based aerospace, defence and nuclear engineering services company, had been delivering power to National Grid, Scottish Power Energy Networks and Western Power Distribution. The energy unit, which pulled in a £70m profit [...]
Just Eat enters grocery delivery market race with Asda deal December 17, 2021 Just Eat has waded into the escalating market battle over rapid grocery deliveries, unveiling a deal with supermarket chain Asda.
UK and Australia sign its first ‘from scratch’ trade deal December 16, 2021 The UK has signed an historic trade agreement with Australia this evening, as the first ‘from scratch’ since leaving the EU,setting new global standards in digital and services and creating new work and travel opportunities for Brits and Aussies.
Petrol price wars ease as forecourt retailers see profits rocket December 14, 2021 Supermarkets such as Asda have eased competition in their fight to attract customers to their fuel and diesel pumps, as prices and profits rocket. Data from the RAC showed that last week’s price of petrol was 146.9p while the price of diesel continued to hike, reaching a record 150.80p. According to a Times analysis, the [...]
London Square inks £400m deal to buy final phases of Nine Elms development December 13, 2021 Residential developer London Square has inked a £400m deal to buy the final three phases of the Nine Elms Park development site in Battersea, south London. London Square has also agreed a partnership deal with build-to-rent developer Moda Living on land for two buildings on the site. London Square has exchanged contracts on a total [...]
Australia joins US in boycott of Beijing Winter Olympics as China hits back: ‘They violate Olympic spirit’ December 8, 2021 Australia’s prime minister said this morning the country will join the US in a diplomatic boycott of the Beijing Winter Olympics over human rights concerns. Scott Morrison said it should come as no surprise that Australian officials would boycott the event after the nation’s relationship with China had broken down in recent years. He added [...]
Six Nations stakeholder CVC hires Goldman to plot £11bn IPO December 5, 2021 London-based private equity giant CVC Capital Partners is reportedly working with Goldman Sachs to prepare to follow in Bridgepoint’s footsteps with a blockbuster stock market listing. CVC, which boasts Six Nations rugby and RAC among its portfolio, is working with the bank on a potential float that could value it at up to £11bn, the [...]
RAC accuses petrol retailers of taking ‘drivers for a ride’ as prices rise despite plummeting wholesale costs December 3, 2021 RAC slammed petrol retailers today for raising prices in November despite plummeting wholesale costs on both major oil benchmarks.
CD&R £7bn Morrisons takeover put on ice amid market volatility December 2, 2021 Clayton, Dubilier & Rice’s takeover of British supermarket Morrisons has been postponed to next year, as lenders push back on the massive debt package that the US private equity firm is using to finance the buyout to wait out market volatility. In what represents the UK’s biggest buyout in more than a decade at a [...]