Murdoch’s REA group tables fourth £6.2bn bid for Rightmove September 27, 2024 The Rupert Murdoch-controlled property group vying to buy Rightmove has tabled a fourth £6.2bn bid for the firm and called on its board to engage in talks today as a deadline for the deal looms next week. In a statement to the market, REA Group, part of the Aussie media magnate’s business empire, said it [...]
Rachel Reeves could shuffle fiscal rules to invest £50bn in UK economy September 27, 2024 Rachel Reeves is hoping to make more than £50bn available to invest in the UK at next month’s budget by changing how the government measures debt in the fiscal rules. Senior government sources have told The Times that Reeves has asked officials to draw up options for allowing the government to offset assets against national [...]
Is Unicredit about to kickstart a wave of European bank mergers? September 27, 2024 UniCredit is facing stiff opposition from the German government amid speculation that it could launch a multibillion-euro takeover bid for Frankfurt-based Commerzbank.
Ex-Bank of England chief economist warns on Labour’s non-dom crackdown September 26, 2024 Speaking on LBC, Andy Haldane warned that the government's measures might give overseas investors "cause for pause" before setting up businesses in the UK.
Volkswagen Golf GTI 2024 review: The end of an era September 26, 2024 Last year, Volkswagen quietly filed a trademark application for a GTI badge in which the letter ‘I’ is replaced by a lightning bolt. The new logo suggests the GTI will live on even after the ninth-generation Golf goes fully electric in 2028. As car enthusiasts, we can all be thankful for that. A battery-powered GTI [...]
Blackstone: Private equity giant backs £10bn AI data centre deal in UK September 26, 2024 Private equity giant Blackstone has injected £10bn into the UK to build one of the largest artificial intelligence data centres in Europe. The investment will build a data centre in Blyth, in the north east of England, creating more than 4,000 jobs. Construction of the site is expected to begin next year. It comes after [...]
East Sussex teenager wins prestigious Le Cordon Bleu culinary prize September 26, 2024 Caoimhe O’Neill-McGuinness, an 18-year-old from Eastbourne, has won a top culinary prize from Le Cordon Bleu worth £60,000. The competition, which is designed to identify and nurture the next generation of culinary talent, was one of the most competitive in recent years, with all finalists “demonstrating remarkable talent and creativity”, Le Cordon Bleu said. O’Neill-Mcguinness [...]
Primark owner-backed food chain eyes £300m listing September 26, 2024 One of the world’s oldest commodity traders, backed by Primark owner Associated British Foods (ABF), is plotting a £300m float on the London Stock Exchange. Czarnikow, which ships a variety of foodstuffs, has begun meeting with groups of institutional investors with a goal of floating in the next few months, Sky News reported. The group [...]
Financial advisor: Plan for a ‘devastating’ inheritance tax raid September 26, 2024 British families and expats with assets in the UK should act now to mitigate the potential impact of an inheritance tax raid in next month’s Budget, the boss of one of the world’s largest financial advisory firms has warned. Nigel Green, who founded Devere Group in 2002, said the upcoming fiscal announcement was likely to [...]
Premier League fantasy football partner Sorare charged by Gambling Commission September 26, 2024 Cryptocurrency based fantasy football game Sorare, an official Premier League partner, has been ordered to appear in court next week on the charge of providing unlicensed gambling facilities to British consumers. The charges have been brought by the Gambling Commission, which first opened an investigation into Sorare in October 2021, and could lead to unlimited [...]