Former Yodel owner owed over £100m as it collapsed into administration – but director hits back Administration The former owner of parcel delivery group Yodel owed more than £100m when it collapsed into administration, according to a new document.
Billionaire Issa brothers’ £2bn Asda deal sees petrol stations empire EG Group surge back to profit Retail The petrol forecourts empire built by the billionaire Issa brothers, who also own Asda, surged back into the black in 2023 following its £2bn deal with the supermarket giant.
Sleepeezee: Silentnight owner acquires bed maker for King Charles III Acquisition A group owned by the majority shareholder of Silentnight has acquired Sleepeezee - which has been a supplier to the Royal Family for more than 60 years.
London-listed IQGeo shares soar as board agrees private equity takeover May 14, 2024 IQGeo said it has received binding agreements to accept the takeover by private equity firm KKR from several shareholders.
Anglo American rejects second BHP takeover bid – this time worth £34bn May 13, 2024 Anglo American has rejected a second takeover bid from BHP - this time worth £34bn.
Watches of Switzerland bolsters luxury portfolio with £104m Roberto Coin deal May 9, 2024 Luxury watch retailer Watches of Switzerland has bought the Italian jewellery brand Roberto Coin for $130m (£104m).
Rathbones cashes in on Hipgnosis bidding war as it sells almost entire stake May 7, 2024 A major shareholder has sold almost its entire stake in Hipgnosis Songs Fund after its shares spiked following a bidding war.
Castore: Andy Murray-backed sportswear brand makes first acquisition since near £1bn valuation May 7, 2024 Castore, the sportswear brand backed by the likes of Andy Murray and the billionaire co-owners of Asda, has made its first acquisition since it was valued at almost £1bn.
UK’s competition regulator has killed more deals than the EU’s watchdog since 2019 May 4, 2024 The Competition and Markets Authority (CMA) has blocked more tie ups than the European Commission every year bar one in the past five years.
Co-op Bank says transformation plan ‘materially complete’ ahead of agreed £780m Coventry merger May 2, 2024 The Co-operative Bank has said its multi-year transformation plan is "materially complete" as the lender progresses with an agreed £780m takeover by Coventry Building Society.