Mike Ashley’s Frasers Group snaps up stake in Australian retail group August 28, 2024 Mike Ashley’s Frasers Group has continued its acquisition spree with a strategic investment into the Australian retail and distribution firm Accent. The London-listed retail empire snapped up a 14.65 per cent stake in the company in a move it hopes will further its footprint in Australia and New Zealand – identified as a key market [...]
Weetabix sale helps snack maker Wholebake slash loss August 27, 2024 Wholebake, the company behind snack brands Brynmor, Nine and Bounce, has significantly cut its loss after selling its cereal business to Weetabix, according to newly-filed accounts. The manufacturer, which is headquartered in the Welsh town of Corwen, Debighshire, saw its pre-tax loss slashed to £1.8m in the year ending 30 March, 2024, down from £6.7m [...]
Arts and crafts giant Hobbycraft sold to Ted Baker investor August 27, 2024 Hobbycraft, which is one of the UK’s biggest arts and crafts retailers, has been snapped up by a specialist investor whose team has previously supported chains including Paperchase and Tie Rack. Investment group Modella Capital announced it had bought the Bournemouth-headquartered company from its majority owner, the fund management group Bridgepoint, for an undisclosed sum. [...]
Crest Nicholson shares slump as Bellway walks away from £720m takeover August 13, 2024 London-listed housebuilder Bellway has announced it will not make a firm offer to buy rival Crest Nicholson with the company stating that its “strong balance sheet” and land bank would be sufficient to fuel growth independently. Following the announcement Crest Nicholson’s shares slumped by just over 16 per cent to 221p per share. Bellway first [...]
Almost half of UK corporations set to ramp up legal spend amid M&A resurgence July 8, 2024 Nearly half of UK corporations are predicting an increase for their legal spend as the demand for legal advice on M&A transactions has clawed back
UK acquisition deals fall to pandemic low as foreign eyes turn away from London June 4, 2024 The number of UK mergers and acquisitions fell to their lowest in March since 2020, as the rate of foreign companies buying British businesses almost halved throughout the quarter. There were 426 M&A transactions in the first quarter of the year, 18 fewer than the previous quarter, data from the Office for National Statistics revealed [...]
UBS and Credit Suisse complete merger May 31, 2024 The merger of UBS and Credit Suisse is now formally complete.
London-listed software firm Idox has 20 per cent revenue boost on ‘healthy’ M&A pipeline May 22, 2024 Idox, which sells software property management software to the government, also more than halved its debt to £6.6m, down from £14.7m.
Wood Group publishes upbeat trading update after rebuffing bid May 9, 2024 Wood Group has published an upbeat trading update after it emerged the group had recieved a buyout offer.
Competition regulator to probe takeover of logistics firm Wincanton May 8, 2024 The Competition and Markets Authority (CMA) will investigate logistics firm GXO's £764m acquisition of Wincanton, it has been announced.