Spanish banking giant BBVA has launched a rare hostile takeover bid for its smaller domestic rival Banco Sabadell, which owns UK high street bank TSB, after the latter’s board rejected …
May 2024
Losses widen at James Corden’s production company behind final Gavin and Stacey episode
Losses widened at James Corden’s production company, which is making the final Gavin and Stacey episode, despite its turnover jumping to almost £100m, it has been revealed. Fulwell 73 was …
‘Anaemic’ UK growth means Hunt will fail to meet fiscal rules, think tank warns
The UK will suffer from “anaemic” growth for the foreseeable future meaning the government will fail to meet its fiscal rules, new forecasts suggest. In its latest round of forecasts …
BAE Systems expect another bumper year as Ukraine and Gaza wars boost defence spending
Investors in BAE Systems can expect another bumper year as rising geopolitical tensions in Europe and the Middle East boost defence spending globally. The FTSE 100 defence giant maintained its …
Ocado appoints ex-BT chief Gavin Patterson to board in push for tech giant status
Ocado has appointed former BT Group chief executive Gavin Patterson to its board as the online grocery firm looks to build its reputation as a technology heavyweight. The firm announced …
Wood Group publishes upbeat trading update after rebuffing bid
Wood Group has today published an upbeat trading update for the quarter ended 31 March 2024, hours after it emerged the company had rejected a bid from Dubai-based rival, Sidara. …
3i Group ups dividend as Action’s ‘remarkable growth’ continues
Private equity giant 3i Group upped its dividend as its full year results were boosted by the “remarkable growth story” of Dutch retailer Action. 3i reported that its net asset …
Watches of Switzerland bolsters luxury portfolio with £104m Roberto Coin deal
Luxury retailer Watches of Switzerland Group has bought the Italian jewellery brand Roberto Coin for $130m (£104m). The timepiece vendor, which comprises brands like Watches of Switzerland, Mappin & Webb, …
Harbour Energy ups dividend despite £1bn tax hit
Harbour Energy has reiterated its commitment to return $200m (£160m) to shareholders this year in dividends despite a huge cash outflow from the government’s windfall tax. In a trading update …
Jackson Wray on salary cap jibes from fans, Saracens’ legacy and his new life in the City
Jackson Wray, the affable, unsung hero of Saracens’ ascent to the pinnacle of English and European rugby, seems an unlikely hate figure. One of the best players never to receive …