[ad_1] By Jessica Clark Updated: 17:01 EDT, 20 May 2024 A video game firm has become the latest London-listed company to be targeted by foreign buyers. Keywords Studios yesterday said it would accept a £2billion offer from Swedish buyout giant EQT. A deal would see the Aim-listed firm leave London’s stock market amid a takeover…
[ad_1] By City & Finance Reporter Updated: 16:50 EDT, 19 May 2024 Holding firm: Mondelez boss Dirk Van de Put Cadbury owner Mondelez will face scrutiny over selling chocolate in Russia at its AGM this week. Senior MPs and campaign groups have lambasted it for selling a number of its brands including Milka chocolate and Oreo…
[ad_1] By Leah Montebello Updated: 16:51 EDT, 17 May 2024 Royal Mail is expected to post losses of almost £1m a day as its takeover by a Czech billionaire hangs in the balance. The postal service – which is owned by International Distributions Services (IDS) – will unveil an annual loss of £313m next week,…
[ad_1] By Leah Montebello Updated: 04:11 EDT, 16 May 2024 Royal Mail is just the latest British company to be targeted by foreign buyers this year with the value of bids from overseas topping £60billion. In one of the most dramatic days in the 508-year history of the postal service, parent company International Distribution Services…
[ad_1] By Leah Montebello Updated: 17:22 EDT, 14 May 2024 Daniel Kretinsky – known as the Czech Sphinx – has until 5pm today to walk away or make a bid for Royal Mail’s parent company IDS The future of Royal Mail hangs in the balance as the deadline looms for a Czech billionaire to make…
[ad_1] By Jessica Clark Updated: 17:09 EDT, 7 May 2024 BP’s boss insisted the oil giant has no plans to leave the London stock market as first quarter profits tumbled. Chief executive Murray Auchincloss yesterday said leaving the City is not on the agenda. It comes as Auchincloss faces pressure to close the valuation gap…
[ad_1] By City & Finance Reporter Updated: 16:50 EDT, 5 May 2024 Eyes on the prize: Daniel Kretinsky is preparing to table a new takeover offer The billionaire bidding for the Royal Mail has insisted he would not slash any jobs if he succeeds. Daniel Kretinsky is preparing to table a new takeover offer ahead of…
[ad_1] By Jessica Clark Updated: 18:05 EDT, 30 April 2024 Cost cutting: Royal Mail’s owner IDS is calling on Ofcom to speed up a review and allow it to ‘urgently’ bring in sweeping changes The boss of Royal Mail’s owner has slammed ministers and regulators over their failure to reform the postal service. International Distributions…
[ad_1] By Emily Hawkins Updated: 18:15 EDT, 30 April 2024 AI boom: Amazon said revenues hit £115bn in the first three months of 2024 Amazon raked in sales of £1.25billion a day at the start of the year as it cashed in on demand for artificial intelligence technology. The company said revenues hit £115billion in…
[ad_1] Investment trusts are subject to the UK’s ‘pernicious’ stamp duty regime This means savers pay a 0.5% levy when they buy shares in these trusts Trusts also charged 0.5% when they purchase shares in companies By Hugo Duncan Updated: 16:52 EDT, 28 April 2024 Britain must scrap the ‘double taxation’ blighting popular stock market…