Struggling Pizza Hut snapped up by private equity in $2.7bn deal June 16, 2026 Struggling restaurant chain Pizza Hut is set to be offloaded to private equity by its owner Yum Brands in a $2.7bn deal. Most of the pizza giant’s global operations will be sold to Long Range Capital just months after 250 restaurants were put on the chopping block. Pizza Hut’s locations in mainland China are excluded [...]
Moody’s Brings Its Decision-Grade Intelligence to Amazon Quick June 16, 2026 Moody’s Corporation (NYSE: MCO) today announced that its connected intelligence is now available in Amazon Quick – a personalized, proactive AI assistant – through a dedicated Model Context Protocol (MCP) server. The integration gives customers operating in Amazon Web Services (AWS) direct access to ratings and research from Moody’s Ratings, as well as Moody’s curated [...]
Rathbones to suspend thousands of client account inflows after FCA probe deals £530m blow June 16, 2026 Rathbones is set to lose out on hundreds of millions of pounds of inflows after it suspended contributions from thousands of customers following an independent investigation into its business amid concerns from the Financial Conduct Authority. The review into the company, known as a skilled person review, uncovered compliance shortcomings in its UK wealth management [...]
Boots moves closer to London float but billionaire Westons circle June 16, 2026 With one potential suitor out of the running, high street titan Boots is moving closer to a London float, a move that would mark a return to the FTSE 100 for one of the UK’s biggest retailers and deliver a major boost to UK capital markets. The 177-year-old British pharmacy saw the withdrawal of Sigma [...]
‘Political point-scoring’ over bank rules risks investment exodus, top Nomura exec warns June 16, 2026 London’s biggest financial institutions could shift operations away from the UK if the government intensifies its regulatory grip on the City, a top City banker has warned. Chris Barlow, head of legal and compliance at Japanese bank Nomura’s European arm, said “short-termism and political point-scoring” in Westminster over financial regulation could exacerbate the burden faced by [...]
Westlake Expands Global Chlorovinyls Manufacturing Capacity With Acquisition of PVC and VCM Plants in Wilhelmshaven, Germany June 15, 2026 Westlake Corporation (NYSE: WLK) (“Westlake”) announced today that its German subsidiary, Westlake Vinnolit GmbH & Co. KG, has completed the previously-announced acquisition of a polyvinyl chloride and vinyl chloride monomer production site located in Wilhelmshaven, Germany (the “Wilhelmshaven plant”). The Wilhelmshaven plant, which was previously in insolvency administration, has the capacity to produce 380,000 metric [...]
Keeping up with the cash: SKIMS’ law firm hits record revenue June 15, 2026 UK law firm Browne Jacobson has hit record revenue of nearly £150m, partly driven by high-stakes projects, including advising Kim Kardashian’s clothing brand SKIMS on its flagship Regent Street store. The firm said it raked in £148.8m in revenue for the year, up 9 per cent from last year, driven by growth across the core [...]
Investors ‘reluctant’ to splash cash on UK banks amid crisis in Number 10 June 15, 2026 UK banks’ stock prices are being slapped with a political risk premium, City analysts have warned, as turmoil in Downing Street threatens to rock the sector. The FTSE 350 bank index has had a choppy start to the year with financial stocks facing a hammering from the Iran war as investors trimmed their equities exposure. [...]
BBC News faces hundreds of job cuts in major downsizing drive June 15, 2026 The BBC is expected to announce hundreds of job cuts across its core news division next week, as the broadcaster begins a sweeping cost-cutting programme ahead of crunch talks with ministers over its future funding. The corporation’s news operation is set to be the first part of the BBC to reveal detailed redundancy plans, according [...]
American Express Announces Proposed Acquisition of TheFork, a Leading European Restaurant Booking Platform June 15, 2026 American Express (NYSE: AXP) today announced a proposed acquisition of TheFork, a leading online restaurant reservation and management platform in Europe, from Tripadvisor, Inc. (NASDAQ: TRIP), growing its dining offering in the region. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260614939103/en/ TheFork connects millions of diners with more than 50,000 restaurants across [...]