Tag Archives: industry

The Government has launched a new steel council with members including Tata Steel and British Steel following thousands of job losses in the UK last year. The Steel Council will help steer plans for the industry which will be backed by up to £2.5 billion of investment. Business Secretary Jonathan …

(Bloomberg) — Czech billionaire Daniel Kretinsky’s industrial holding agreed to buy Enel’s stake in Slovenske Elektrarne, Slovakia’s main energy utility that also owns nuclear power plants. Kretinsky’s Energeticky a Prumyslovy Holding AS will acquire the remaining 50% stake in Slovak Power Holding BV from Enel Produzione SpA, exercising an early …

(Bloomberg) — Asda has appointed former boss Allan Leighton as executive chair, as the struggling grocer looks to turn around its fortunes. Leighton will succeed Stuart Rose, Asda said in a statement on Saturday. Rose, who joined the company three years ago, will remain on the board to ensure an …

(Bloomberg) — Ingredients company Tate & Lyle Plc surged after the Financial Times reported that buyout group Advent International is preparing a takeover bid. Shares in the London-listed supplier to food producers rose more than 12% on the report, giving the company a market capitalization of about £3.2 billion ($4.2 …

(Bloomberg) — A Russian criminal gang secretly conducted cyberattacks and espionage operations against NATO allies on the orders of the Kremlin’s intelligence services, according to the UK’s National Crime Agency. Evil Corp., which includes a man who gained notoriety for driving a Lamborghini luxury sports car, launched the hacks prior …

(Bloomberg) — Australian real estate listing provider REA Group Ltd. presented a £5.6 billion ($7.3 billion) takeover proposal for Rightmove Plc that was rejected by the UK’s biggest property portal by market value. REA, part of media mogul Rupert Murdoch’s empire, made a preliminary cash-and-stock proposal valued at 705 pence …

(Bloomberg) — UK-listed companies continue to be targeted by foreign bidders amid cheap valuations, potentially fanning concerns about a shrinking London market. The agreement for Colorado-based AngloGold Ashanti Ltd. to buy Centamin Plc marks the 12th foreign takeover of a FTSE All Share Index company announced this year, including deals …

Logistics and mail group International Distributions Services on Tuesday said it had appointed Emma Gilthorpe as chief executive of its subsidiary Royal Mail. Gilthorpe will join the embattled British postal operator on May 1, working with group chief executive Martin Seidenberg before taking over fully later in the summer months. …

Brad Pitt is very “hands on” with his drinks business. The 59-year-old actor and his business partners have already enjoyed significant success with their drinks business over recent years, and Brad remains very passionate about the venture. A source told PEOPLE: “Brad is very hands on. “He has built a …

Executive Summary: The latest Third Party Fulfillment Services market research report entails an elaborate assessment of this industry, focusing on all the factors that will positively or negatively impact the revenue flow during the estimated timeline. Further, it highlights the available opportunities in the sub-markets, followed by an …