Vodafone share price rises as Iliad invites it to merge Italian operations December 18, 2023 Iliad said on Monday it had submitted a proposal to Vodafone to merge their Italian businesses, adding the project had the unanimous support of its board of directors. “The merged business would be expected to generate revenues of around £5bn and EBITDA of approximately £1.38bn (€1.6bn) for financial year ending March 2024,” Iliad said in a statement. [...]
Unilever continues slim down with beauty arm sell-off to US private investment firm December 18, 2023 Unilever will sell its Elida Beauty business to an American private investment firm as it looks to optimise its personal care portfolio. The financial terms of the deal, which were not disclosed, are expected to close in mid-2024. The buyer, Yellow Wood Partners, has already invested in a host of personal care products including Dr [...]
End is in sight for Amigo as former payday loan provider struggles to find a buyer December 18, 2023 Amigo Loans has said it expects to be mostly liquidated in the first half of next year as the firm continues to wind down its historic lending business.
It’s not all banking and dealmaking, charity’s big business in the Square Mile too December 18, 2023 Philanthropy is at the heart of the City, we shouldn't play it down, writes Lord Mayor Michael Mainelli
The Notebook: A look at some of London’s top festive finds December 18, 2023 Where the City’s movers and shakers get a few things off their chest. Today, Michelle McGrath, executive director of Shaftesbury Capital, takes the pen. It’s no accident London is a festive city Christmas is famously the time of good cheer, but it is also the single most important time for retailers and the hospitality industry. [...]
Harlequins humbled by Toulouse as French giants chase sixth title December 17, 2023 Harlequins couldn’t cope with the class of five-time Investec Champions Cup winners Toulouse on Sunday as the Londoners fell to a 19-47 defeat at the Stoop. The French outfit crossed the whitewash seven times despite Harlequins fighting hard to stay in the game at the break. Two tries for South African Irne Herbst and one [...]
F1’s Coulthard, Hakkinen and McNish in classic car firm seeking £50m injection December 17, 2023 Former racing drivers David Coulthard, Mika Hakkinen and Allan McNish are looking to raise £50m as part of a consortium of investors focusing on classic cars. The trio of motorsporting stalwarts are non-executive directors of a classic car investment firm that is listed on the London Stock Exchange as Tertre Rouge Assets PLC (TRA). TRA [...]
Cambridge University reportedly looking to drop Barclays for ‘greener’ bank December 17, 2023 Cambridge University is reportedly considering ending its more than 200-year relationship with Barclays due to the bank's financing of fossil fuels.
St James’s Place shares slump after it reveals plans to buy up advisers’ books December 15, 2023 Shares in St James’s Place (SJP) have slumped today after the firm revealed plans to raise cash to snap up the business of retiring partner advisers.
Interiors trends 2024: From Peach Fuzz to Minimaluxe December 15, 2023 Another year is almost over and that means it’s time to redecorate your entire home again to fit in with the top interiors trends 2024