GFG tycoon Sanjeev Gupta vows to fight UK steelmaker’s bankruptcy and save hundreds of jobs February 23, 2023 Sanjeev Gupta’s GFG Alliance has vowed to “fight” a New York investment fund’s bid to plunge one of its major customers into bankruptcy after fully acquiring the firm earlier this month. GFG is seeking to block West Midlands steel products maker Aartee Bright Bar from collapsing into insolvency after the manufacturer’s main creditor, FGI, decided [...]
Football regulator WILL have more powers to investigate club owners but WON’T block takeovers linked to Saudi Arabia or Qatar, says sport minister Stuart Andrew February 23, 2023 The incoming independent football regulator will be given wider powers to investigate prospective owners – but will not block takeovers by Saudi Arabia or Qatar. A regulator will have more scope to look into the backgrounds of would-be buyers of English teams, similar to the checks in place in financial services. “We are looking at [...]
Priced out: London renters continue to look outside the capital for affordable housing January 11, 2024 The latest data from Rightmove shows some 45 per cent of Londoners enquired to leave the city last year, compared to 40 per cent in 2022.
Mercia wins additional British Business Bank contracts to boost growth in Yorkshire and the Humber March 21, 2024 London-based asset manager Mercia has won two more regional investment fund mandates from the British Business Bank.
Firstgroup steaming ahead: Company wins iconic London cable car contract March 21, 2024 The contract with FirstGroup is due to run for an initial five-year term
Online searches for shared workspaces more than double as more Brits move towards hybrid working July 27, 2022 Interest in companies providing shared workspaces continues to rise as businesses look for new approaches to hybrid working. In fact, online searches for ‘WeWork’ more than doubled (up 144 per cent) in the first six months of 2022 compared to last year, while searches for ‘Workspace’ rose by nearly a third (32 per cent), as [...]
Versace owner Capri snapped up by Coach’s Tapestry in £6.6bn mega-deal to challenge LVMH August 11, 2023 Tapestry, the American fashion giant behind luxury brands such as Coach and Kate Spade, has agreed to buy Capri the owners of designer Versace in a $8.5bn (£6.6bn) deal. The merger will form a larger fashion conglomerate which will rival the likes of LVMH, the multibillion pound business behind designers such as Louis Vuitton and [...]
UK to officially avoid recession in first half of this year as Bank of England readies twelfth straight interest rate rise May 8, 2023 Britain is set to have officially avoided a recession in the first half of this year in a sharp turnaround in fortunes for the country’s economy, figures out this week are expected to reveal. Gross domestic product (GDP), which measures the amount of goods and services produced in the UK, is anticipated to have risen [...]
West End landlord GPE ready to ‘accelerate into favourable conditions’ July 4, 2024 In an update ahead of its Annual General Meeting (AGM) the real estate investment trust (REIT) said it had signed 12 new leases between April and the end of June.
Government to face Atos in court following spat over £845m supercomputer contract May 23, 2022 The UK government is set to face IT company Atos in the UK’s High Court next month after the French firm filed a lawsuit against government over its decision to award an £845m Met Office contract to Microsoft. The French multinational is claiming its bid was wrongly excluded from the tendering process on the grounds [...]