Carlyle, the American investment giant, has become the latest global fund to weigh an investment in Thames Water as the stricken utility races to avoid being nationalised. Sky News has learnt that Carlyle, which has roughly $435bn in assets under management, is at the very preliminary stages of assessing whether an investment in Thames Water … Read more
Ordinary investors will be given the chance to participate in a £500m flotation of Applied Nutrition, the fast-growing sports supplements maker, when it unveils plans for an initial public offering in London this week. Sky News has learnt that Liverpool-based Applied Nutrition will issue an announcement signalling its expected intention to float on Monday morning, … Read more
A British online crafts retailer which saw sales boom during COVID-19 lockdowns will this week strike a deal to sell itself to an American bidder. Sky News understands that Lovecrafts, which counts some of the UK’s best-known technology funds among its backers, is on the verge of agreeing a takeover by Missouri Star Quilt Company. … Read more
The UK’s biggest steelworks will cease production today after more than 100 years, leading to thousands of job losses across South Wales. Blast Furnace 4 – the final furnace operating at Tata Steel’s plant in Port Talbot – will be fully shut down at about 5pm, with the last steel made late on Monday evening. … Read more
The minimum unit price for alcohol in Scotland has increased by 30% as part of efforts to tackle deaths and hospital admissions linked to alcohol harm. From Monday, the minimum unit price (MUP) rises from 50p to 65p. Price change under the 65p MUP:• Scotch whisky 40%: 700ml bottle will increase from £14 to £18.20.• … Read more
Mike Ashley’s sprawling retail empire Frasers Group has revealed a takeover bid for Mulberry, the struggling luxury brand, claiming it wants to save the company from a potential Debenhams-style collapse. Frasers, which already owns 37% of Mulberry’s shares, said it had made a non-binding approach for the stock it does not already hold. Its 130p-per-share … Read more
The ownership of The Daily Telegraph has been transferred to a new holding company as bidders and employees await news of the destiny of one of Britain’s most influential newspaper publishers. Sky News has learnt that a ‘hive-down’ to simplify the ownership structure of the title and its Sunday sister title has been completed in … Read more
An Australian property firm majority-owned by Rupert Murdoch’s News Corp has walked away from its takeover interest in Rightmove after a fourth bid was rejected. REA Group had offered a sweetened cash and share deal that valued the UK online property portal at £6.2bn – almost a month on from confirmation of its initial interest. … Read more
Carlyle, the American investment giant, has become the latest global fund to weigh an investment in Thames Water as the stricken utility races to avoid being nationalised. Sky News has learnt that Carlyle, which has roughly $435bn in assets under management, is at the very preliminary stages of assessing whether an investment in Thames Water … Read more
A British online crafts retailer which saw sales boom during COVID-19 lockdowns will this week strike a deal to sell itself to an American bidder. Sky News understands that Lovecrafts, which counts some of the UK’s best-known technology funds among its backers, is on the verge of agreeing a takeover by Missouri Star Quilt Company. … Read more