The owner of Royal Mail has this morning accepted a bumper new offer from Daniel Kretinsky’s EP Group, which could see the historic UK firm transferred to private foreign ownership. …
May 2024
BHP asks Anglo American for more time to get its deal across the line
Just hours ahead of its deadline to make a firm offer for its peer, BHP has asked Anglo American for more time to evaluate the merits of a merger. Under …
Pets at Home ‘not threatened’ by regulator probe as it holds firm on growth plans
Animal care retailer Pets At Home has held its guidance for the year and said its vet growth strategy is “not threatened” by the CMA’s review into the sector. It …
ONS suffering from staff departures amid concerns over data – reports
Reports have suggested that the Office for National Statistics (ONS) has been suffering from high staff turnover at a time when question marks are growing about the accuracy of its …
London-listed investment trust to go private after less than three years
Investment company Foresight Sustainable Forestry has struck a £167m deal to be taken private, adding to a growing list of London-listed firms set to exit the public market this year. …
Softcat to offer new machine learning services with AI specialist Sysgroup
Softcat has partnered with artificial intelligence specialist Sysgroup, in a move bosses hope will expand its machine learning customer-base. The companies have entered a strategic partnership which will see Sysgroup …
Bloomsbury reckons new acquisition will be ‘game-changing’ for Harry Potter publisher
The publisher behind Harry Potter books has boosted its academic publishing arm with the $83 (65m) acquisition of Rowman & Littlefield. Bloomsbury Publishing, which, as well as JK Rowling’s series, …
Home REIT tenant surrenders hundreds of properties after regulatory probe
Scandal-hit property investor Home REIT has struck a deal to claw back hundreds of leases from a major tenant facing a probe from the charities watchdog. In an update to …
Rare tech win for London as Teeside firm Time to Act floats
Green tech engineer Time to Act floated on the Aquis Stock Exchange this morning (Wednesday) in a tiny boost for London’s listed tech sphere. The Teeside firm, which operates in …
Big banks shun small business lending as large firms prioritised
Data shared exclusively with City A.M. has suggested that big banks are set to withdraw even further from funding small and medium-sized enterprises (SMEs) this year, as high street lenders …