Abrdn looks to bolster balance sheet with £262m Indian insurer sale September 13, 2022 Asset manager Abrdn has shed a chunk of its stake in Indian insurer HDFC today as it looks to bolster its balance sheet after swinging to a loss in the first half of the year.
Alliance Trust and Witan Investment Trust agree to merge in sector’s largest deal to date June 26, 2024 Two massive investment trusts have agreed to the largest merger from the sector ever, as Witan investment trust is set to be rolled into Alliance trust.
Starmer rejects ‘great rail betrayal’ tag – but refuses to commit to HS2 in full September 22, 2023 Sir Keir Starmer has insisted he is not guilty of the “great rail betrayal” that Labour has accused the Government of by not committing to building HS2 in full. Chancellor Jeremy Hunt has said the costs of the high-speed rail project to the North are “getting totally out of control” as Rishi Sunak refuses to [...]
Halfords remains confident despite sales falling below expectations January 25, 2024 Halfords has said it remains confident despite its third quarter sales falling below expectations.
National Express wins £880m contract to run German rail lines January 23, 2023 National Express has been awarded a €1bn (£878m) to operate two regional train lines in the German state of North Rhine-Westphalia. The transport group’s German rail business has won €1bn contract to run the RE1 and RE11 Rhein-Ruhr-Express (RRX) lines until 2033. The Rhein-Ruhr-Express is a regional rail network in north west Germany, in the [...]
Accounting watchdog cuts red tape as ministers press regulators for UK growth January 22, 2024 The City’s accounting watchdog has confirmed a newly slimmed down rulebook for companies today as it looks to ease the red tape burden on firms and “support the growth and competitiveness” of the UK.
Shell Energy hit with £1.4m fine by Ofcom for ‘serious breach’ of consumer protection rules November 21, 2023 Shell's UK arm has has received a £1.4m from the media watchdog for a "serious breach" in consumer protection rules.
Hunt reveals Treasury-backed tech funds in bid to kickstart £75bn pension boost November 21, 2023 The Chancellor Jeremy Hunt has revealed £250m will be channelled into two new private sector investment vehicles today as ministers look to kickstart the flow of cash from pension funds into tech start-ups.
Peel Hunt expects second straight annual loss amid tough dealmaking market but sees green shoots April 3, 2024 Peel Hunt expects to report a second straight annual loss for its last financial year as the investment bank grapples with a reduced appetite for dealmaking and IPOs.
Talktalk: The telecoms titan on the brink July 25, 2024 In a defining few months, Talktalk needs to refinance nearly a billion pounds of debt, with bidders circling. Will it survive?