Crest Nicholson is set unanimously to recommend a revised all-share offer from rival FTSE 250 housebuilder Bellway that values the firm at £720m. The second offer is a £70m improvement …
Financial Planning
VC firm Index Ventures raises £1.8bn to back UK start-ups and unicorns like Revolut
Global venture capital firm Index Ventures has announced $2.3bn (£1.8bn) in new funds, which it will use to supercharge startups and growth companies in the UK and globally. The capital …
Philip Hammond: Former chancellor’s Railsr and Towerbrook raise offer for Equals Group
A consortium of former Chancellor Philip Hammond’s Railsr and investment management firm Towerbrook Capital Partners has upped the stakes in a potential takeover of fintech Equals Group. Railsr and Towerbrook …
London landlords struggle to shift office space due to high rates and hybrid work
Landlords have struggled to shift large London offices this year, as nerves over hybrid working and higher interest rates continue to plague the upper end of a market. Only a …
Johnson Service Group posts growth as demand for hotel linen surges
The London-listed textile firm Johnson Service Group has seen demand soar among its hospitality clients, which has delivered a revenue boost of almost £30m. Johnson, which is headquartered in Cheshire …
Holland & Barrett sinks further into the red despite sales surge
Increased footfall helped Holland & Barrett grow its sales past the £800m mark during its latest financial year but a rise in costs saw it sink further into the red. …
Stay as Richard Branson’s guest at Son Bunyola, Mallorca
Checking into Richard Branson’s new Son Bunyola hotel in Mallorca I didn’t expect to be spending an afternoon painting but there I was, sipping sparkling wine, and attempting to transpose …
Sotheby’s hands huge pay day to billionaire owner Patrick Drahi
Sotheby’s paid a huge dividend to its billionaire owner Patrick Drahi despite a tick down in its financial performance amid reports a minority stake could be sold to ease debt …
Liontrust reports further decline in assets as investors shun UK stocks
Liontrust, the specialist fund management group, has reported yet another drop in assets under management. The company, which reported a 11.5 per cent decline in assets under management for the …
Housebuilder Barratt to deliver profit ‘slightly ahead’ of expectations despite challenging conditions
Housebuilder Barratt Developments said that it expects to perform “slightly ahead” of market expectations when it delivers its full year results. In a trading update covering the year to June, …