The private equity bandwagon in Britain keeps rolling. Latest to be imperilled is gaming group Keywords Studios, creator of Fortnite and League of Legends, which is being bought by Swedish buyout firm EQT for £2.2billion. The highly leveraged deal for Royal Mail owner International Distribution Services is, to all intents …
Read More »Invoke the Security & Investment Act to stop this terrible Royal Mail deal, says ALEX BRUMMER
Among the first industrial tests facing an incoming Labour administration is what to do about the Royal Mail. The owner of Britain’s postal system, International Distributions Services (IDS) is proposing to sell a vital part of UK infrastructure to Czech billionaire Daniel Kretinsky and a controversial Slovakian finance group, supported …
Read More »Profits at King’s gown maker slump by more than 50%
By City & Finance Reporter Updated: 21:50, 30 June 2024 Making history: At his coronation King Charles wore the robe made for George VI Profits at the King’s gown maker have slumped by more than 50 per cent as the post-Covid boom fades. Ede & Ravenscroft reported profits of £1.5m …
Read More »Profits at King’s gown maker slump by more than 50%
By City & Finance Reporter Updated: 16:50 EDT, 30 June 2024 Making history: At his coronation King Charles wore the robe made for George VI Profits at the King’s gown maker have slumped by more than 50 per cent as the post-Covid boom fades. Ede & Ravenscroft reported profits of …
Read More »Boots owner hunting for new boss as chief eyes top clinic job
By City & Finance Reporter Updated: 16:50 EDT, 30 June 2024 Moving on: Sebastian James The US owner of Boots is looking for a new chief executive after its boss stood down to run one of Europe’s largest eye clinics. Sebastian James – an Old Etonian and contemporary of Boris Johnson …
Read More »What it really costs to pack up and move to Portugal: Your pension and savings will go a LOT further while you’ll pay a fraction of the tax. Read our detailed guide
With a career in the Royal Navy and the Ministry of Defence, Peter Reynolds and his wife Karen were used to moving house. While Peter hails from Scotland, the couple lived in Portsmouth and Eastleigh with postings to Hong Kong and Gibraltar. And when it came to retiring, they knew …
Read More »Shein plans to turn Turkey into a big supplier of its fast-fashion clothes in Europe
By Emily Hawkins Updated: 04:51 EDT, 30 June 2024 Stylish: Pop star Anitta in an advert for Shein Shein plans to turn Turkey into a big supplier of its fast-fashion clothes in Europe in a move it hopes will reduce criticism of its use of Chinese labour. It comes as …
Read More »Aviva tells Carlsberg: Raise your Britvic bid – top investor says brewer CAN afford to pay more
By Francesca Washtell Updated: 16:50 EDT, 29 June 2024 Raising a glass: Carlsberg’s adverts have included the Danish actor Mads Mikkelsen A major investor in Britvic has called on Carlsberg to sweeten its takeover offer for the group. Aviva, which is a top ten shareholder in Britvic, the maker of Robinsons …
Read More »Asda bosses insist they are building a ‘bigger and better’ supermarket
By Emily Hawkins Updated: 16:50 EDT, 28 June 2024 Asda bosses insisted they are building a ‘bigger and better’ supermarket as they published figures showing it is back in the black despite haemorrhaging market share. Once Britain’s second biggest supermarket, it has struggled since its £6.8billion private equity takeover three …
Read More »Keir Starmer’s tax grab on wealth will force me to flee Britain, says SIR PETER WOOD
By Alex Brummer Updated: 16:50 EDT, 29 June 2024 Patriotic: Sir Peter Wood has always willingly paid UK taxes on his self-made wealth Sir Peter Wood, one of Britain’s most successful entrepreneurs, is unhappy. He is speaking from his Palm Beach villa, a short distance from Donald Trump’s Mar-a-Lago, where …
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