Convenience chain McColl’s battles administration fears February 26, 2022 Convenience store chain McColl’s Retail Group is gearing up to find a buyer as the struggling company nears collapse. As first reported by Mark Kleinman for Sky News, the group have called in advisers to help find a bidder, and are exploring third party options, who may be willing to invest further capital. McColl’s trades from [...]
Boots bidders mull pension scheme options as Walgreens looks to spin off chain February 25, 2022 Private equity firms readying bids for high street chemist Boots are grappling with how to deal with the firm’s major pension liabilities, according to reports.
EV charging provider EO extends deadline for US SPAC merger February 25, 2022 Electric vehicle (EV) charging provider EO Charging has extended the deadline to complete a $675m merger with US special purpose acquisition company (SPAC) First Reserve Sustainable Growth. Sources said that, while the agreement is required to be finalised by 11 March, doubts on whether the company will meet the deadline have emerged, Sky News has [...]
Worst January since 2009 for UK automotive production February 25, 2022 Last month was the worst January since 2009 for the UK automotive production, figures from the Society of Motor Manufacturers and Traders (SMMT) showed. Car production fell 20.1 per cent to 68,790 units – 17,262 vehicles down compared with the same time last year. Domestic and overseas production slumped to 30.8 and 17.5 per cent, [...]
No 10 lights up with Ukrainian colours as PM says the UK “will not look away” February 24, 2022 No 10 was tonight lit up with the colours of Ukraine’s flag, blue and yellow, to show solidarity with Kiev following Russia’s invasion. “Ukraine is a country that for decades has enjoyed freedom and democracy and the right to choose its own destiny,” said Prime Minister Boris Johnson in a tweet. “We – and the [...]
Fry’s Phoenix looks the Way to go in Kempton feature February 24, 2022 WE MIGHT be less than three weeks away from the Cheltenham Festival, and although plenty of people’s attentions are already turning to those four days in March, there are still several good opportunities to top up the funds before we head to Prestbury Park. Kempton on Saturday looks a good place to start, namely in [...]
London Stock Exchange’s FTSE 100 plunges by more than 200 points as Ukraine war heats up rapidly February 24, 2022 The London Stock Exchange’s leading FTSE 100 index plunged more than 200 points, or 2.7 per cent, within moments of opening in reaction to Russia’s invasion of Ukraine. In response to the situation in Ukraine, Boris Johnson is leading a crisis meeting of senior ministers and officials to consider how to respond to Vladimir Putin’s [...]
MULLINS HOPING TO ASSEMBLE ANOTHER ELITE FESTIVAL SQUAD February 23, 2022 WITH 78 Cheltenham Festival winners on his CV already, you would have thought trainer Willie Mullins would be relishing a return to Prestbury Park next month. However, the reality is somewhat different. “If I’m honest the week or two leading up to Cheltenham can be tough and leaves you with a feeling of dread in [...]
Serious Fraud Office opens investigation into Arena Television February 23, 2022 The Serious Fraud Office (SFO) is conducting a criminal investigation into collapsed broadcaster Arena Television.
Co-operative Bank calls in top bankers to explore takeover bids February 23, 2022 The Co-Operative Bank has called in top investment bankers as it begins eyeing up potential acquisition targets and exploring a move to consolidate the UK’s mid-size banking market.