KKR sets up dedicated team for snapping up UK companies July 6, 2021 KKR will set up a team of dealmakers who will specifically target more UK takeover deals, as the private equity “raid” on British companies reaches record highs. The private equity giant has announced it will expand its global operations to include a new team of five British dealmakers who will focus on snapping up companies [...]
BREAKING: Angry EU suspends trade talks with Australia after £48bn submarine row – CityAM : CityAM October 1, 2021 The European Union said this morning it is suspending trade talks between the bloc and Australia following a dispute over Canberra’s decision to cancel a multibillion-euro submarine deal with France. Miriam Garcia Ferrer, the EU commission spokesperson in charge of trade, confirmed the decision but did not give any specific reason for the postponement. The [...]
Green economy Spac Spinnaker plots London stock market float July 26, 2021 A special purpose acquisition company (Spac) focused on sustainability and green energy is planning an initial public offering on the London Stock Exchange. Spinnaker Acquisitions — a blank-cheque firm that will target mergers in the green economy — will list in London this week. The company said it will target businesses valued at between £5m [...]
Just Eat enters grocery delivery market race with Asda deal December 17, 2021 Just Eat has waded into the escalating market battle over rapid grocery deliveries, unveiling a deal with supermarket chain Asda.
Currys, Asos and Sainsbury’s top retail stocks this Christmas December 23, 2022 For investors looking to give their portfolios a seasonal shake-up, CityA.M. takes a look at analysts’ selections of the retail stocks to keep a close eye on in the coming weeks. Analysts at Hargreaves Lansdown chose Currys, Asos and Sainsbury’s as the three retail stocks to watch this Christmas. It comes as retailers have been [...]
A four day week relies on a near universal acceptance of a transformed workforce February 3, 2022 It is easy to forget how recent the five-day working week is. In fact, it was first piloted in the US in 1908 and not widespread until the late 1920s, so it is under a century old. But so ingrained is it that recent news that 30 companies – including Canon’s UK arm – are [...]
Petrol retailers could face fines if they fail to pass on fuel duty cuts to consumers May 19, 2022 Petrol retailers could be fined if they fail to pass on fuel duty cuts to customers, warned the Competition and Markets Authority.
New winemakers taking Macon by storm June 15, 2022 The Macon has been referred to as “the unknown cousin of Burgundy”, but with prices soaring all over Bourgogne it is worth taking stock, literally, of these delicious wines and some of the bold, new winemakers taking over the region. Though Burgundy can be seen as the old-school seat of traditional winemaking, a younger generation [...]
No comment from Tesco on takeover talk as it promises customers a good Christmas October 6, 2021 Tesco has denied its share buyback programme has anything to do with private equity takeover rumours. Following US private equity firm Clayton, Dubilier & Rice winning Morrisons at auction with a bid of £7bn, Tesco and Sainsbury’s have been singled out as next in line for a takeover. Tesco said it would purchase £500m of [...]
Matt Hancock calls on more businesses to ban those not wearing face coverings January 11, 2021 The health secretary has urged businesses to follow Morrisons’ lead and ban mask flouters, as he refused to rule out tougher restrictions on the horizon. “I applaud the action Morrisons has taken today… That’s the right approach,” Matt Hancock told a Downing Street press briefing, adding: “I want to see all parts of society playing [...]