Archive News

Broadstone has acquired credit risk and data analytics consultancy Vestigo Partners Limited in an effort to boost its credit risk and analytics capabilities
Posted: 12/04/2024
The Financial Conduct Authority (FCA) has warned motor finance providers to hold back adequate financial resources for potential payouts as the regulator continues to investigate the sector.

Since January, the FCA has been investigating whether consumers have historically been charged inflated prices for car loans
Posted: 12/04/2024
Sigmaroc has seen its revenue reach £214m in the first quarter of its financial year, remaining in line with expectations, with acquisitions being listed as the driving factor behind the increase
Posted: 12/04/2024
Lucite International UK Pension Fund has completed a £130m buy-in with Just Group, securing the benefits of 438 uninsured members, including 156 pensioners and dependants and 282 deferred members
Posted: 11/04/2024
Profit before tax at Mears Group increased by 34% in 2023, jumping to £46m in the last financial year
Posted: 11/04/2024
AstraZeneca has announced that it will increase its annualised dividend by 7%, taking it from $0.20 (£0.16) to $3.10 (£2.47) per share, as the firm votes on a £1.8m pay rise for its chief executive officer
Posted: 11/04/2024
Shurgard has agreed to acquire UK-based self-storage rival, Lok’nStore, for £378m
Posted: 11/04/2024
Lloyds Banking Group is preparing to cut roles across its risk management division, stating that it was a “blocker” to the company’s transformation strategy
Posted: 10/04/2024
Profits at M&C Saatchi have fallen by 87% year-on-year to £700,000, dropping from £5.4m in 2022
Posted: 10/04/2024
Tesco has reported an increase in profits and revenue in its preliminary results for the 2023/24 financial year, after inflationary pressures "lessened substantially"
Posted: 10/04/2024
BP has reported that it expects strong results in its oil and gas trading, alongside a $100m-200m (£79m-157m) increase from improved oil refining margins
Posted: 09/04/2024
Imperial Brands has stated that it is still on course to reach its half-year and full-year targets, despite analysts noticing a "declining" tobacco market
Posted: 09/04/2024
Administrators for struggling fashion retailer, Ted Baker, have said that 15 stores in the UK are set to be closed, with 245 jobs expected to be cut.

The holding company for the brand in the UK, No Ordinary Designer Label, appointed administrators last month, with Ted Baker’s intellectual property owners, Authentic Brands Group, stating that a tie-up with a Dutch firm was "too much to overcome" after it built up a significant level of arrears.
Posted: 09/04/2024
Aviva has completed the acquisition of AIG Life UK for £453m after the insurer confirmed it had received all the necessary regulatory approvals
Posted: 09/04/2024
Voyager Life has cancelled its proposed acquisition of Jersey-based processor of pharmaceutical-grade medical grade cannabis, Northern Leaf
Posted: 08/04/2024
The Epson (UK) Limited Pension Scheme has completed a £60m buy-in with Just Group, securing the benefits of 113 pensioners and 289 deferred members
Posted: 08/04/2024
Caledonia Investments has announced an unaudited diluted net asset value (NAV) total return of 7.4%
Posted: 08/04/2024
Transactional revenue at Bango has increased to $32.7m (£25.9m) year-on-year, jumping by 79%
Posted: 08/04/2024
Rothesay Life generated adjusted operating profits of £1.4bn in 2023, the group has reported in its latest trading update
Posted: 05/04/2024
Majestic Wine has announced that it has completed a rescue deal to purchase the wine bar chain, Vagabond, from administration.

The Independent has reported that the acquisition will secure the future of nine Vagabond venues and 171 workers
Posted: 05/04/2024
Pinewood Technologies has announced plans to return £358m to shareholders in the form of a special dividend
Posted: 05/04/2024
The Competition and Markets Authority (CMA) is investigating the merger between spread betting groups, Spreadex and Sporting Index, over concerns the deal could harm competition in the UK spread betting market
Posted: 04/04/2024
Publishing firm Future has returned to organic revenue growth in the second quarter of its financial year
Posted: 04/04/2024
Ascential has announced plans to return up to £850m to shareholders across three initiatives part of a strategy to optimise returns
Posted: 04/04/2024
Motorpoint has stated that its loss before tax for the full year is expected to be in the "favourable end of management expectations", as it announced its latest trading update
Posted: 04/04/2024
The trustee of the Riverstone Management Pension and Life Assurance Plan has completed a £95m full buy-in with Standard Life, securing the benefits of all 388 members in the scheme
Posted: 04/04/2024
AB Dynamics is set to acquire the US provider of dynamometer-based testing services to the automotive sector, VTS, for £23.6m.
Posted: 03/04/2024
International Distributions Services, formerly Royal Mail Limited and Royal Mail plc, has announced proposed changes to delivery services in order to improve financial efficiency, which include redundancy plans
Posted: 03/04/2024
Topps Tiles has warned of “subdued demand” in the domestic repair and maintenance sector, which is set to persist through 2024, as it announced its results for the first half of the financial year
Posted: 03/04/2024
The Energizer UK Pension Plan has completed a £44m full buy-in deal with Just Group, securing the benefits of all scheme members, including 409 pensioners and 358 deferred members
Posted: 03/04/2024
Private equity firm BC Partners has announced the sale of IT group Presidio to US investor, Clayton Dubilier & Rice (CD&R)
Posted: 02/04/2024
Shares in Superdry dropped by nearly 50% earlier today after the founder of the firm, Julian Dunkerton, stated that he was no longer looking to take over the company
Posted: 02/04/2024
De Beers UK Pension Scheme has completed an £870m full buy-in with Pension Insurance Corporation (PIC), securing the pensions of 1,464 current pensioners and 473 deferred members
Posted: 02/04/2024
Revolution Bars has suspended trading on its shares, after a delay in announcing its results for the second half of the latest financial year
Posted: 02/04/2024
Thames Water has confirmed that its shareholders will now not provide the £500m in new equity that had been expected before the end of March.

The move comes amid a standoff with industry regulator, Ofwat, over attempts to raise bills
Posted: 28/03/2024
The Standard Group UK Pension Scheme has completed a £26m buyout with Just Group, with surplus assets distributed to the sponsor and membership following the deal
Posted: 28/03/2024
AO World has said that it expects to hit at least the top of its previous profit before tax guidance, set between £28m-33m
Posted: 28/03/2024
JD Sports has seen its year-on-year sales increase by 4.2%, after tackling what it described a "challenging market"
Posted: 28/03/2024
Industrial limestone group, SigmaRoc, has confirmed its acquisition of the UK lime operations of CRH for £132.8m
Posted: 27/03/2024
Revolution Beauty has increased its EBITDA from between £11m-12m to £12.5m following a "strong operational performance"
Posted: 27/03/2024
Diploma has announced that it is set to acquire Peerless Aerospace Fastener for £236m
Posted: 27/03/2024
The Robertson Research Group Pension Scheme has completed a £45m full scheme buy-in with Aviva, securing the benefits of 217 pensioners and 232 deferred members
Posted: 27/03/2024
Revenue at Flutter Entertainment increased by 24.6% to £9.34bn in 2023, with profits also jumping by 45.4% to £1.48bn
Posted: 26/03/2024
Financial services provider, Fintel, has announced new investments into mortgage tech provider, Mortgage Brain, and reg-tech provider, ifaDASH
Posted: 26/03/2024
Fever-Tree has reached its annual profit expectations following a strong performance in the US market and increased regional production to offset inflationary pressure
Posted: 26/03/2024
The trustee of the 2013 Next Group Pension Plan has completed a £510m full scheme buy-in deal with Pension Insurance Cooperation (PIC), fully insuring the pension liabilities of over 3,600 pensioners and deferred policyholders
Posted: 26/03/2024
The Government’s stake in NatWest has dropped to below 30% for the first time since the bank was bailed out during the 2008 financial crisis
Posted: 25/03/2024
Over half (53%) of large defined benefit (DB) pension schemes are planning to implement a buy-in or buyout, according to research by Legal & General (L&G), in partnership with the Centre of Economics and Business Research (CEBR)
Posted: 25/03/2024
The owner of DIY stores B&Q and Screwfix, Kingfisher, has warned that profits are set to fall for a second year in a row, as homeowners hold out on big projects during a fall in the housing market
Posted: 25/03/2024
Phoenix Group has recorded a pre-tax profit of £20m in the year to 31 December 2023, after a loss of just over £4m in the previous year
Posted: 22/03/2024
Like-for-like (LFL) profit before tax at J D Wetherspoon increased by 682.3% year-on-year in the 26 weeks to 28 January 2024, although growth has slowed slightly, the pub chain has revealed
Posted: 22/03/2024
The potential merger between Vodafone and Three could “lead to higher prices for customers”, the Competition and Markets Authority (CMA) has stated.

Following an investigation into the potential deal between two of the four UK mobile network operators, the regulator said that it could also "affect investment" in networks across the country
Posted: 22/03/2024
M&G has agreed its third bulk purchase annuity (BPA) deal since re-entering the market in 2023, signing a £309m premium on 15 March 2024
Posted: 21/03/2024
Next has announced that its profit before tax reached £918m in the year to January, which is an increase of 5%, beating guidance set a year previously by £3m
Posted: 21/03/2024
Nationwide Building Society has confirmed that it will acquire Virgin Money for a cash consideration of £2.9bn, with each share valued at 220 pence
Posted: 21/03/2024
The UK’s entrepreneurial ecosystem is remaining “resilient” so far this year, GlobalData has suggested, having retained its influential position globally despite market fluctuations
Posted: 21/03/2024
abrdn Property Income Trust (API) has sold two assets in London and Warrington for a combined price of £16.55m, a 0.3% discount on a valuation in December 2023
Posted: 20/3/2024
Prudential has announced that its new business profit increased by 45% year-on-year to £2.46bn in 2023, in what the firm described as a “strong” set of results
Posted: 20/03/2024
Johnson Matthey has agreed to sell 100% of its medical device components (MDC) business to private equity firm Montagu for $700m (£551m) on a cash free debt free basis
Posted: 20/03/2024
Administrators are set to be appointed at fashion chain, Ted Baker, with hundreds of jobs at risk
Posted: 19/03/2024
Wickes has agreed to acquire 51% of the issued share capital of Gas Fast Limited, the parent company of solar installations firm, Solar Fast
Posted: 19/03/2024
AstraZeneca has signed to acquire Canadian radiotherapy biotech firm, Fusion, for $2.4bn (£1.9bn)
Posted: 19/03/2024
Unilever has announced that it is looking to split from its ice cream business, which includes Ben and Jerry’s and Magnum, as part of its 'growth action plan' (GAP) to save around €800m (£694m) over the next three years
Posted: 19/03/2024
European Green Transition (EGT) has stated that it intends to float on AIM, a market of the London Stock Exchange
Posted: 18/3/2024
Currys has increased its profit before tax expectations to £115m for the financial year, a jump of £10m, after two firms stated that they do not intend to make an offer for the technology retailer
Posted: 18/3/2024
Pfizer has announced that it will cut its interest in Haleon from 32% to 24%, selling approximately 630 million ordinary shares
Posted: 18/3/2024
Scottish Mortgage Investment Trust (SMT) has announced that it will make at least £1bn in shares available in a buyback scheme over the next two years
Posted: 15/3/2024
Vodafone has confirmed that it has sold its operation in Italy for €8bn (6.8bn) to Swisscom
Posted: 15/3/2024
The pension scheme for an unnamed engineering and construction company has agreed a £37m buyout with Just Group, securing the retirement benefits of 34 pensioners and 132 deferred members
Posted: 15/3/2024
John Lewis Partnership has recorded a profit before tax of £56m in the year to 27 January 2024, a £290m year-on-year improvement
Posted: 14/3/2024
AstraZeneca has announced that it is set to acquire Amolyt Pharma for a cash consideration of £820m
Posted: 14/3/2024
The trustee of the Ockham Pension Scheme has completed a £110m buy-in with Just Group, securing the benefits of around 700 members in the scheme
Posted: 14/3/2024
Direct Line has rejected a second takeover bid from Belgian insurer, Ageas, for £3.2bn, stating that the “significantly undervalued” the group
Posted: 13/3/2024
Metro Bank is set to cut around 1,000 jobs by mid-April in order to remain on track to deliver £50m of annualised cost savings in the first quarter of the year
Posted: 13/3/2024
Rothesay has agreed to acquire Scottish Widows’ in-force bulk annuity portfolio of around £6bn from Lloyds Banking Group
Posted: 13/3/2024
Domino’s has said that orders and sales growth in the first quarter will be slower than compared to the same period in 2023, as it looks to launch a new loyalty scheme
Posted: 12/3/2024
Persimmon has reported that its operating profit fell by over half year-on-year in 2023, dropping from just over £1bn in 2022 to £354.5m
Posted: 12/3/2024
The total volume of defined benefit (DB) pension scheme buy-ins and buyouts hit an all-time high in 2023, with both the number and value of transactions secured the highest ever recorded, Hymans Robertson has revealed
Posted: 12/3/2024
The Financial Conduct Authority (FCA) has fined Inspirational Financial Management (IFM), which is in administration, £897,840, after it found that the firm poorly advised members to transfer out of defined benefit (DB) pension schemes, including the British Steel Pension Scheme (BSPS)
Posted: 11/03/2024
Struggling fashion retailer, Superdry, is reportedly negotiating an additional multimillion-pound loan with one of its existing lenders
Posted: 11/03/2024
US investment firm Elliott Advisors has walked away from making a takeover bid for Currys after being rejected by the retailer's board "multiple times"
Posted: 11/03/2024
Shares in HelloFresh have plunged by more than 40% after it warned its earnings would fall below expectations
Posted: 08/03/2024
UK life insurer, Royal London, has entered the market for corporate pension scheme insurance with a so-called bulk annuity deal for Royal Liver UK pension scheme
Posted: 08/03/2024
ITV has seen its pre-tax profits fall by 61% to £193m in 2023, against £501m in 2022, after it was hit by a drop in advertising revenue
Posted: 07/03/2024
Aviva has announced a £300m share buyback after strong performance in general and health insurance helped the insurer to a 9% rise in 2023 operating profit
Posted: 07/03/2024
Rentokil has seen its revenue leap by 45% in 2023 as a result of the acquisition of US peer Terminix
Posted: 07/03/2024
Nationwide Building Society has reached an agreement to buy Virgin Money in a £2.9bn deal
Posted: 07/03/2024
Phoenix Group has had its proposals accepted to invest in The Long-term Investment for Technology and Sciences (LIFTS), subject to internal governance processes
Posted: 06/03/2024
Hiscox has recorded a record pre-tax profit of $625.9m (£493.8m) for 2023, up from $275.6m (£217.4m) in 2022
Posted: 06/03/2024
L&G saw its earnings slump last year despite achieving record new volumes across its insurance divisions
Posted: 06/03/2024
Monzo has raised US$430m (£340m) in a fresh funding round which has lifted the value of the business, as it looks to boost its growth plans
Posted: 05/03/2024
Apple has been hit with a £1.5bn fine by the EU for breaking competition laws over music streaming
Posted: 05/03/2024
Greggs has delivered a pre-tax profit of £188.3m for 2023, up from £148.3m the previous year after like-for-like sales in company-managed shops jumped 13.7%
Posted: 05/03/2024
Addison Lee has announced an adjusted EBITDA of £27.4m in the year to 31 August 2023, which is an increase of 41% year-on-year
Posted: 4/3/2024
Aviva has agreed to acquire global property & casualty (RE) insurance firm, Probitas, for £242m, taking it back into the Lloyd’s insurance market for the first time in over 20 years
Posted: 4/3/2024
The Greenhous Group (2015) Retirement Benefits Scheme has completed a £19m full buy-in deal with Just Group
Posted: 4/3/2024
ITV has sold its 50% interest in digital subscription streaming service, BritBox International, to its joint venture partner, BBC Studios, for £255m.

The independent broadcaster said that the sale reflects its strategy of "focusing on supercharging its UK advertiser-funded streaming service, ITVX and growing its global studios division"
Posted: 01/03/2024
eEnergy Group has entered into an agreement with NatWest to provide up to £40m of project funding to finance energy efficiency and onsite generation technologies for the group’s public sector customers
Posted: 01/03/2024
Luceco has announced that it has acquired the supplier of cable management solutions, D-Line, for £12.4m
Posted: 01/03/2024
Ocado has stated that it may take legal action against its joint venture partner, Marks and Spencer (M&S), over performance-linked payments
Posted: 29/02/2024
Metro Bank has announced that Marc Page has been appointed as its new chief financial officer (CFO)
Posted: 29/02/2024
The first ever Corporate Finance Awards have now launched and entries are being welcomed from organisations based in the UK
Posted: 29/02/2024
Aston Martin has reported that its revenue grew by 18% last year to total £1.6bn, following record average selling prices for its products
Posted: 28/02/2024
Capita has extended its contract as the strategic partner for a major European telecommunications provider, in a deal worth up to £220m
Posted: 28/02/2024
Vodafone is in talks to sell its Italian arm of the company to Swiss telecommunications firm, Swisscom, for £6.8bn
Posted: 28/02/2024
Taylor Wimpey has reported a drop in revenue of 20.5% in 2023, pointing towards the slowdown in house sales as the main factor
Posted: 28/02/2024
abrdn has announced that it expects to cut around 500 jobs as part of a savings programme, which aims to save at least £150m by the end of 2025
Posted: 27/02/2024
Utmost Group has announced that assets under administration in its Utmost International business grew by 5% to £54.6bn last year
Posted: 27/02/2024
Unite Group has seen its earnings increase by 13% in 2023, as occupancy levels rose across the year along with rent prices
Posted: 27/02/2024
Medtech firm Smith & Nephew has reported that its full-year underlying revenue increased by 7.2% to $5.5bn (£4.4bn) last year
Posted: 27/02/2024
Serica Energy has completed the acquisition by its wholly owned subsidiary, Serica Energy (UK) Limited, of 30% non-operated interests in the Greater Buchan Area (GBA) from Jersey Oil & Gas (JOG)
Posted: 26/02/2024
The Competition and Markets Authority (CMA) has stated that “significant intervention” is needed in the British housebuilding market, as it launches an investigation into eight firms
Posted: 26/2/2024
The UK’s venture capital (VC) space recorded a significant year-on-year decline of 41.3% to $615.4m (£485.2m) in January, new figures from GlobalData have shown
Posted: 26/02/2024
Bunzl has signed an agreement to acquire catering equipment distributor, Nisbets, for £339m
Posted: 26/02/2024
Frasers Group has increased its stake in the railways models and collectibles group, Hornby, to take its holding to 8.9%
Posted: 23/02/2024
Full-year revenue at STM Group reached £28m, beating market expectations as a result of higher than forecasted interest income
Posted: 23/02/2024
JD.com’s potential acquisition of Currys could see it "compete with Amazon" in its online operations, GlobalData has said
Posted: 22/02/2024
AstraZeneca has announced the acquisition of Gracell Biotechnologies for an upfront cash consideration of $1bn (£792m)
Posted: 22/02/2024
Lloyds Bank has put aside £450m to cover any potential fines and compensation for borrowers following the launch of an investigation into motor finance deals by the Financial Conduct Authority (FCA)
Posted: 22/02/2024
Rolls-Royce has seen its profits more than double in 2023, reaching £1.59bn from £652m year-on-year
Posted: 22/02/2024
Isio has more than doubled its revenue, profit and headcount in the three and a half years since its launch, with a group revenue of over £155m for the past year, its annual results have revealed
Posted: 22/02/2024
Canada Life UK reached sales of £4.3bn in 2023, a record for the insurance and financial services firm
Posted: 21/02/2024
HSBC has reported that its profit before tax jumped by $13.3bn (£10.5bn) in 2023 to total $30.3bn (£24bn)
Posted: 21/02/2024
BAE Systems has reported that it made an operating profit of £2.7bn in 2023, amid increased military spending resulting from the Russia-Ukraine and Israel-Gaza conflicts
Posted: 21/02/2024
The Spar UK Limited Pension Fund has completed an £11m buy-in deal with Just Group
Posted: 21/02/2024
H&T Group has acquired several assets from Essex pawnbroking business, Maxcroft Securities, for £11.3m
Posted: 21/02/2024
BT Group has announced that it will sell the Grade II-listed BT Tower to MCR Hotels for £275m
Posted: 21/02/2024
Digital bank Monzo is close to a new round of funding that would value the group at around £4bn, the Financial Times has reported
Posted: 20/02/2024
Administrators for The Body Shop have announced that nearly half of its 198 stores in the UK and will reduce the size of its head office
Posted: 20/02/2024
InterContinental Hotels Group (IHG) has announced that its total operating profit soared to $1.1bn in 2023, after reporting a strong trading performance owing to high demand across the travel industry
Posted: 20/02/2024
Barclays has announced that it will make £2bn worth of cuts over the next two years, leading to speculation over future job losses
Posted: 20/02/2024
A record-breaking £50bn of pension liabilities were secured with insurers in the UK in 2023, with further increases expected in the year ahead, analysis from Legal & General (L&G) has found
Posted: 19/02/2024
Santander has announced that it will launch a €1.5bn (£1.28bn) share buyback scheme as a way of returning record profits back to investors
Posted: 19/02/2024
Software provider Sorted Group Holdings has completed its acquisition of Sorted Holdings Limited and overseen the admission of its enlarged share capital to trading on the AIM segment of the London Stock Exchange
Posted: 19/02/2024
JD.com has announced that is considering making an offer for technology retailer, Currys.

The Chinese e-commerce firm said in a statement that it is in the "very preliminary stages of evaluating a possible transaction", in which it may make a cash offer for the retailer
Posted: 19/02/2024
Redbird IMI has acquired All3Media from Liberty Global and Warner Bros Discovery for $1.45bn (£1.15bn)
Posted: 16/02/2024
NatWest has reported that its pre-tax profits jumped by 20% to £6.2bn in the year to December, the bank’s largest annual profit since the financial crisis
Posted: 16/02/2024
Last year was a "milestone year" for annuities, as total sales increased 46% to £5.2bn, data from the Association for British Insurers (ABI) has revealed
Posted: 16/02/2024
Segro has predicted that its rental incomes will jump 50% over the next three years after the group reported its results for 2023
Posted: 16/02/2024
Close Brothers has suspended its dividend as a result of uncertainty following a regulatory probe into car financing deals
Posted: 15/02/2024
The UK fell into recession in the final quarter of 2023, with GDP dropping by 0.3% between October and December, the Office for National Statistics (ONS) has stated
Posted: 15/02/2024
Centrica has reported that profits in its British Gas energy division soared to £751m in 2023, a figure hugely up on the £72m it took in 2022
Posted: 15/02/2024
Vector Pension Scheme has concluded a £114m buy-in deal with Standard Life, covering approximately 1,800 scheme members
Posted: 15/02/2024
Water supplier United Utilities has announced that its 2023/24 financial guidance will remain broadly unchanged, despite reporting that its performance had been affected by storms and high levels of rainfall
Posted: 14/02/2024
Dunelm has seen its pre-tax profits increase by 4.5% to £123m in the first half of the 2024 financial year, despite tackling what it has described as a "more difficult trading environment"
Posted: 14/02/2024
The Birmingham Chamber of Commerce Pension Fund has agreed a £9m full scheme buy-in with Just Group, covering retirement benefits for around 100 pensioners and 40 deferred members
Posted: 14/02/2024
Virgin Money has announced that it will purchase the 50% stake held by abrdn in the respective firms’ joint venture, Virgin Money Investments, for £20m
Posted: 14/02/2024
Travel operator TUI has reported record revenues of €4.3bn in the first quarter of its 2024/24 financial year, ahead of a shareholder vote on whether to leave the London Stock Exchange.

The group confirmed this was up strongly across all segments of its business, increasing by a total of 15% against Q1 2023 (€3.8bn), driven by higher demand at improved prices and rates
Posted: 13/02/2024
The Body Shop has entered administration after poor trading over the festive period
Posted: 13/02/2024
Yodel has been acquired by YDLGP, a newly formed company which is backed by a consortium of investors, for an undisclosed amount
Posted: 13/02/2024
Trig has announced the acquisition of Bristol-based battery storage developer, Fig Power, for £20m
Posted: 13/02/2024
The West Yorkshire Pension Fund (WYPF) has announced plans to increase its investment in climate solutions to help meet its 2050 net-zero target, and review its level of equity holdings in the oil and gas sector
Posted: 12/02/2024
The Body Shop is set to appoint administrators later this week, with shop closures and job losses looking likely.

The British firm, which was established in 1976 by Dame Anita Roddick and produces anti-animal cruelty skincare products, was bought by Aurelius in November last year
Posted: 12/02/2024
Tritax Big Box, a real estate investment trust (REIT) specialising in large distribution centres, has reached an agreement to acquire the entire shared capital of UK Commercial Property REIT
Posted: 12/02/2024
Good Energy Group has announced that it is set to acquire specialist solar and storage installation and distribution business, JPS Renewable Energy, for £13.75m
Posted: 12/02/2024
Bellway has seen its revenue drop by 30% year-on-year in the first half of the current financial year, dropping from £1.8bn in 2023 to £1.25bn
Posted: 09/02/2024
The UK’s Competition and Markets Authority (CMA) has launched an investigation into Aviva’s £460m acquisition of AIG’s life insurance business, amid concerns the deal could result in a “substantial lessening of competition”
Posted: 09/02/2024
Tesco Bank has launched a long-term strategic partnership with Barclays, valued at £700m
Posted: 09/02/2024
British American Tobacco has recorded an annual pre-tax loss of £17.1bn in 2023, after recording a £9.3bn profit the year previous
Posted: 08/02/2024
AstraZeneca has reported that its 2023 earnings were below expectations, despite beating predicted sales
Posted: 08/02/2024
SSE has reported that it remains on course to deliver an adjusted investment and capital expenditure of around £2.5bn in the 2024 financial year, despite announcing a 15% drop in its renewables output
Posted: 08/02/2024
Unilever has described its full-year results as "disappointing", despite a 7% year-on-year increase in underlying sales
Posted: 08/02/2024
Professional investors including insurance asset managers, family offices, pension funds and wealth managers are united in the view that a stock market correction is coming in the next 12 months, new research from Managing Partners Group (MPG) has shown
Posted: 07/02/2024
Sainsbury's has set a new cost savings target of £1bn over the next three years, while promising to boost returns to shareholders
Posted: 07/02/2024
Barratt Developments has announced that it will buy rival Redrow for approximately £2.52bn.

The merger, to be named Barratt Redrow, aims to deliver more than 22,000 homes each year in the medium term, which is up to 63% more than the 13,500 to 14,000 deliveries Barratt expects to deliver itself in 2024
Posted: 07/02/2024
Fintech group Investment Evolution Credit (IEC), which specialises in online consumer loans, has announced the launch of a new £100m bond offering
Posted: 07/02/2024
The collective funding level of UK defined benefit (DB) pension schemes reached a record surplus of £265bn in January, after an increase in long-term gilt yields cut the estimated cost for schemes to reach buyout, PwC’s Buyout Index has revealed
Posted: 06/02/2024
The sale of shares in NatWest to the public could happen as early as June, the UK Government Investments (UKGI) has stated
Posted: 06/02/2024
Virgin Money has reported growth across its business and unsecured products in the first quarter of its current financial year, but has warned of further jobs cuts to improve efficiency
Posted: 06/02/2024
BP has reported a "strong" performance in the final quarter of 2023, expanding its share buyback programme as a result
Posted: 06/02/2024
CMC Markets has announced plans to cut its workforce by approximately 200 positions, equating to 17% of its employee headcount
Posted: 05/02/2024
LSL Property Services has completed the acquisition of TenetLime in a deal worth up to £12.9m
Posted: 05/02/2024
Vodafone has seen its total revenue shrink by over 2% in the third quarter of the financial year, dropping from £9.95bn to £9.7bn year-on-year
Posted: 05/02/2024
The DAS Legal Expenses Insurance Company Limited Pension and Life Assurance Scheme has completed a £72m full scheme buy-in transaction with Canada Life, securing the benefits of 444 deferred members and 134 pensioners
Posted: 05/02/2024
UK defined benefit (DB) pension schemes' funding positions improved by £36bn against long-term funding targets in January 2024, research from XPS Pensions has revealed
Posted: 02/02/2024
BP has confirmed the appointment of Kate Thomson as the group’s permanent chief financial officer (CFO)
Posted: 02/02/2024
Superdry chief executive officer and co-founder, Julian Dunkerton, is in talks over a possible takeover for the fashion brand
Posted: 02/02/2024
Phoenix Group delivered about £1.5bn of new business long-term cash generation in 2023, hitting its 2025 target two years early and driving a rally in its shares
Posted: 02/02/2024
Rightmove has announced the acquisition of HomeViews for a cash consideration of £8m
Posted: 01/02/2024
The Bank of England (BoE) has opted to keep its base rate at 5.25%, the fourth time in a row the central bank has held interest rates.

At its latest meeting, the Bank’s Monetary Policy Committee (MPC) voted by a majority of six to three in favour of maintaining interest rates at 5.25%
Posted: 01/02/2024
Shell has reported that its full-year profits have fallen by -29% year-on-year from $39.9bn (£31.6bn) in 2022 to $28.2bn (£22.3bn)
Posted: 01/02/2024
Royal London has completed the acquisition of later life lending and product specialists Responsible Life and Responsible Lending, the life, pensions and investment mutual has announced
Posted: 01/02/2024
Financial planning firm Progeny has announced the acquisition of chartered financial advice firm, Chartered Wealth Management
Posted: 31/1/2024
The Workers Pension Trust (WPT) has completed its consolidation into the Cushon Master Trust, Cushon has announced
Posted: 31/1/2024
Ecora Resources has entered into an amendment and extension of its $150m (£117.8m) revolving credit facility (RCF) agreement with its existing syndicate of Scotiabank, CIBC and RBC
Posted: 31/01/2024
GSK has seen its profit and sales increase above estimates in the final quarter of the final year, pointing towards the partial sale of Haleon as a result of this upbeat results at the end of the financial year
Posted: 31/1/2024
The number of company insolvencies across the UK hit a 30-year high in 2023, according to new figures published by the Insolvency Service
Posted: 30/01/2024
The Competition and Markets Authority has launched a review into loyalty pricing at supermarkets
Posted: 30/01/2024
HSBC has been fined £57.4m by the Bank of England’s Prudential Regulation Authority (PRA) for failings around protecting customer deposits.

These included the failure to accurately identify deposits that were eligible for protection through the Financial Services Compensation Scheme
Posted: 30/01/2024
The pension scheme of a ‘leading’ UK innovation and technology company has completed a £400m full scheme buy-in with Just Group
Posted: 30/01/2024
Over two thirds (69%) of corporate defined contribution (DC) pension schemes expect to increase allocations to real assets over the next two years, up from 51% in 2022, research from Aviva Investors has revealed
Posted: 29/01/2024
Supreme has stated that it expects to “significantly outperform market expectations” in the current financial year, despite the recent Government proposal on the ban of disposable vapes
Posted: 29/01/2024
Hostel group, Safestay, has refinanced its existing borrowings into a single £16m term loan and added a new £2.5m revolving credit facility (RCF) to support its future growth plans
Posted: 29/01/2024
Flutter Entertainment has announced that it has begun trading on the New York Stock Exchange
Posted: 29/01/2024
Transport company FirstGroup has signed an agreement to acquire York Pullman Bus Company
Posted: 26/01/2024
The Competition and Markets Authority (CMA) has started a phase one investigation into Vodafone’s joint venture agreement with Three
Posted: 26/01/2024
Superdry has announced that its chief financial officer (CFO), Shaun Willis, will leave the company, after the fashion retailer recorded a -23.5% drop in revenue in the first half of the current financial year
Posted: 26/01/2024
The Rexam Pension Plan has completed a £1.4bn full scheme buy-in with Rothesay securing the benefits for over 14,000 members, including 9,790 pensioners and dependants, and 4,330 deferred members
Posted: 26/01/2024
Schroders Greencoat has announced a £700m deal to acquire the largest operational solar portfolio traded in the UK
Posted: 25/01/2024
Halfords has reiterated its full-year outlook despite a drop in sales in the third quarter to 29 December 2023
Posted: 25/01/2024
UK dividends ended strongly in 2023 according to financial services company Computershare, with banks making the most significant contribution to growth during the year
Posted: 25/01/2024
Fever-Tree has seen group revenue increase by 6% year-on-year in the 2023 financial year to £364.4m, with the US market seeing a 22% jump to £117m
Posted: 25/01/2024
Haleon is set to sell its lip balm brand, ChapStick, for £400m to Suave Brands Company, a portfolio firm of Yellow Wood Partners
Posted: 25/01/2024
EasyJet has stated that it expects a £40m hit to its final year results following on from the conflict in the Middle East
Posted: 24/01/2024
Like-for-like sales in the 25 weeks to 21 January increased by 10.1% year-on-year at JD Wetherspoon, with an increase in sales throughout the Christmas period
Posted: 24/01/2024
The number of investors claiming tax relief on a venture capital trust (VCT) investment has increased by 32% year-on-year to 25,800.

According to the latest figures published by HMRC, which cover 2021/22, VCT investors claimed income tax relief on £1.04bn of investment, a value worth an increase of 61% from 2020/21
Posted: 24/01/2024
The iPSL Section of the Unisys Payment Services Limited Pension Scheme and the Unisys Public Sector Pension Scheme have completed a £300m full scheme buy-in with Standard Life, covering the retirement benefits of around 2,400 scheme members
Posted: 24/01/2024
Associated British Foods (AB Foods) has reported revenues of £6.9bn in its latest trading update, a total up 2.8%, or by 5.4% at constant currencies
Posted: 23/01/2024
Chief executive officer at Crest Nicholson, Peter Truscott, has announced that he is to retire, as profits at the firm fell by 70% year-on-year
Posted: 23/01/2024
Muzinich Private Debt has provided debt financing to AFO Group (AFO), a London-headquartered network of data-driven strategic communications agencies
Posted: 23/01/2024
Trading at Boohoo remains in line with market expectations after the group announced that its chief financial officer (CFO) has stood down from the role with immediate effect
Posted: 23/01/2024
The UK DB pensions market is likely to see £80bn in pension de-risking transactions take place in 2024, as the settlement market continues to hot up following significant improvements in pension scheme funding seen in 2023, WTW has said
Posted: 22/01/2024
Food service company, Compass Group, has signed an agreement to acquire CH&CO, a provider of premium contract and hospitality services in the UK and Ireland, for £475m
Posted: 22/01/2024
Virgin Wines has recorded a "positive performance" in the six months to 29 December 2023, with growth in revenue and profit
Posted: 22/01/2024
Private equity firm, Hg, has announced that it plans to sell its shares in Argus Media, with a return of £52m
Posted: 22/01/2024
UK investors including life insurers are primed to invest in the country’s infrastructure, but there “simply aren’t enough projects to meet investor demand”, PIC managing director, corporate affairs, Jeremy Apfel, has stated
Posted: 19/01/2024
DFS has dropped its yearly revenue expectations by £40m following a performance that was "particularly impacted by record hot weather in September and early October"
Posted: 19/01/2024
Deliveroo has seen an increase in sales across the final quarter of the 2023 financial year, as order numbers also jumped slightly across the UK and Ireland
Posted: 19/01/2024
French shipping firm, CMA CGM, is set to buy Wincanton in a deal worth $700m (£556.7m)
Posted: 19/01/2024
JD Sports has completed the acquisition of the 40% minority stake in Marketing Investment Group (MIG), to become the 100% sole owner
Posted: 18/01/2024
Currys has reported that its like-for-like revenue has fallen by 3% over the 10 weeks to 6 January.

In its latest peak trading update, the electrical retailer also announced it is expecting its full-year underlying pre-tax profit guidance to be somewhere between £105m and 115m
Posted: 18/01/2024
Capita has completed the sale of its stake in Fera Science to a fund managed by Bridgepoint Development Capital
Posted: 18/01/2024
The UK witnessed a total of 1,260 venture capital (VC) funding deals during 2023, with the corresponding disclosed funding value estimated to have reached $14.2bn (£11.2bn)
Posted: 18/01/2024
Budget airline Wizz Air has been ordered to refund £1.24m to passengers by the UK Civil Aviation Authority
Posted: 17/01/2024
Twenty-seven major shareholders, including a number of UK pension schemes, have co-filed a climate resolution with FollowThis, calling on Shell to align its medium-term emissions reduction targets with the Paris Climate Agreement
Posted: 17/01/2024
FirstGroup has signed a financing deal worth £150m with a syndicate of three banks to support the purchase of electric bus bodies
Posted: 17/01/2024
Revenue at Ibstock is expected to drop by 21% in 2023, as the building firm looks to temporarily scale back capacity as a result of softer market conditions
Posted: 17/01/2024
The number of registered company insolvencies climbed by 2% in December compared to the same month a year earlier, new figures published by the Government have shown
Posted: 16/01/2024
PageGroup has seen its year-on-year gross profit fall by -8.9% in the fourth quarter to £237m, warning that "risk averse" businesses have slowed down on hiring, leading to a slowdown in the recruitment market
Posted: 16/01/2024
Vodafone has announced a new 10-year strategic partnership with Microsoft, in a bid to offer its digital scale platforms to more than 300 million businesses, public sector organisations and consumers across Europe and Africa.

As part of the partnership, the firms will collaborate to transform Vodafone’s customer experience using generative AI from Microsoft
Posted: 16/01/2024
The Guilbert UK Retirement Benefits Plan has completed a £140m full scheme buy-in transaction with Aviva, insuring the liabilities for all 1,500 scheme members
Posted: 16/01/2024
Audioboom has seen its revenue drop in the latest full financial year, despite recording growth in the final quarter of the year
Posted: 15/01/2024
Wildstone, which owns outdoor media infrastructure across the UK and Europe, has completed a £350m infrastructure refinancing with Deutsche Bank as underwriter
Posted: 15/01/2024
Resolution Re has announced that it has completed a transaction which has reinsured the market and longevity risks of around 90,000 policyholders, totalling around £2bn individual in-payment UK annuity liabilities
Posted: 15/01/2024
Ramsdens has seen its gross profit jump by 20% year-on-year as a result of demand for pawnbroking loans and the increase in the price of gold
Posted: 15/01/2024
Impax Asset Management (Impax) has entered into an agreement to acquire the assets of Absalon Corporate Credit (Absalon), a fixed income manager, the completion of which is subject to certain closing conditions
Posted: 12/01/2024
The average time to buyout for FTSE 350 companies' defined benefit pension schemes rose to the highest level in 2023 in December, increasing from 5.3 years to 5.7 years, Barnett Waddingham’s DB End Gauge Index has revealed
Posted: 12/01/2024
Burberry has seen its retail revenue in Q3 drop by 7%, leading the clothing firm to issue a further profit warning
Posted: 12/01/2024
The London Tunnels has shared its intention to float on the London Stock Exchange, making it, if successful, the first IPO in London in 2024.

The IPO is expected to take place later this month, with a market capitalisation of £123m on admission
Posted: 12/01/2024
Tesco recorded a sales increase of 6.4% in the four weeks to Christmas, with sales in the UK and Republic of Ireland also increasing by 7.3% in Q3
Posted: 11/01/2024
Marks and Spencer (M&S) has recorded strong sales across its food brands, declaring itself as the “top performing grocer” across the Christmas period and in Q3
Posted: 11/01/2024
LondonMetric Property is set to acquire London-based real estate investment trust (REIT) LXi for £1.9bn
Posted: 11/01/2024
Belmont Green has issued its first securitisation deal of 2024 and raised £300m to help drive the firm’s mortgage lending growth across the specialist residential and buy-to-let markets
Posted: 11/01/2024
Pennon Group, the owner of South West Water, Bristol Water and Bournemouth Water, has confirmed the acquisition of Sutton and East Surrey Water (SES Water) for £380m
Posted: 10/01/2024
Greggs has recorded profits of £1.81bn in the fourth quarter of the 2023 financial year, an increase of 19.6% compared to the same period in 2022
Posted: 10/01/2024
Grocery sales at Sainsbury’s increased by 9.3% in the 16 weeks to 6 January 2024, with Christmas grocery sales also jumping by 8.6% year-on-year
Posted: 10/01/2024
Smith+Nephew has completed the acquisition of CartiHeal, the developer of a sports medicine technology for cartilage regeneration in the knee, for $330m (£260m)
Posted: 10/01/2024
Games Workshop has reported that the business is in "good shape" after reaching record profits in the first half of the year
Posted: 09/01/2024
GSK has agreed to acquire London and San Francisco-based clinical biopharmaceutical company, Aiolos Bio, for $1.4bn (£1.1bn)
Posted: 09/01/2024
Scottish energy giant SSE has announced that its 75%-owned subsidiary, SSEN Transmission, has successfully issued a new £500m green bond
Posted: 09/01/2024
Argo Blockchain has announced that funds raised through a share placing to repay debts, following a “strong performance” in 2023
Posted: 08/01/2024
LXi REIT has exchanged contracts on the sale of 66 Travelodge branded hotels to the Travelodge group for £210m
Posted: 08/01/2024
YouGov has acquired US survey data firm, KnowledgeHound, for an undisclosed amount
Posted: 08/01/2024
The Intersil Limited Superannuation Fund has completed a £1.5m full scheme buy-in deal with Just Group
Posted: 08/01/2024
Perspective Financial Group has announced that it made two more acquisitions shortly before the Christmas break to take the group’s total number of acquisitions to 22 in 2023
Posted: 05/01/2024
LendInvest has sold its non-risk retention residual economic interest in the Mortimer BTL 2023-1 securitisation for a consideration of £5m
Posted: 05/01/2024
Revolution Bars has announced it is set to close eight sites across the UK, after recording a like-for-like sales drop of -2.8% in the first half of its financial year
Posted: 05/01/2024
Next has increased its profit expectations for the current financial year for the fifth time to 5% following better-than-expected sales in the weeks to Christmas
Posted: 04/01/2024
Shares at JD Sports tumbled after the retail group issued a warning that annual profits will not reach expectations as consumers cut spending in the 22 weeks to 30 December 2023
Posted: 04/01/2024
The CP Pharmaceuticals Limited Pension Scheme has secured a £28m full buy-in with Just Group, securing the benefits of all 317 previously uninsured scheme members
Posted: 04/01/2024
KKR has announced the completion of its acquisition the remaining 37% stake in Global Atlantic, taking its ownership to 100%
Posted: 03/01/2024
Eighty-four per cent of institutional fixed income investors will increase their level of risk in the next 12 months with one in 10 making dramatic increases, as they boost overseas investments in search of extra return, new research from Aeon Investments has revealed
Posted: 03/01/2024
Ryanair has announced that its traffic increased by 9% in the year to December 2023
Posted: 03/01/2024
HSBC has become the latest high street lender to submit an offer for Tesco Bank, as its owner looks to sell the business
Posted: 02/01/2024
AstraZeneca has acquired Gracell Biotechnologies for £950m, in a move to expand its footprint in the cancer research market
Posted: 02/01/2024
Aldi UK has recorded its “best ever” Christmas, with sales reaching over £1.5bn in the four weeks to Christmas Eve, with Lidl GB also posting that 4.5 million people shopped in its stores in December compared to the same period in 2022
Posted: 02/01/2024
As the year draws to a close, we count down the top 10 most read news stories on Corporate Finance News in 2023...
Posted: 21/12/2023
Shares in GlobalData increased by as much as 18% today after Inflexion announced that it would acquire a 40% stake in the firm’s healthcare operation
Posted: 21/12/2023
The Co-Operative Bank has announced it is in exclusive discussions with Coventry Building Society with the view of a possible merger
Posted: 21/12/2023
Frasers Group has acquired 100% of the shares of luxury clothing retailer, Matches, for £52m
Posted: 20/12/2023
The Financial Conduct Authority has confirmed it will continue with the shake-up of the UK’s listing rules, warning that the new regime could lead to an "increased possibility of failures"
Posted: 20/12/2023
The NICEIC Pension Scheme has completed a £66m full buy-in with Just Group, securing the retirement benefits for 237 pensioners and 154 deferred members
Posted: 20/12/2023
Superdry has issued a warning in its half-year report that profits will not reach expectations, pointing towards an "abnormally mild Autumn", which has led to a delayed uptake in its Autumn/Winter 2023 collection
Posted: 19/12/2023
The St Paul’s Cathedral Pension and Life Assurance Scheme has agreed an £18m bulk purchase annuity deal with Aviva, securing the retirement benefits for all members of the scheme
Posted: 19/12/2023
The volume and value of venture capital (VC) deals that took place in the UK during 2023 suffered a "significant setback" compared to last year, GlobalData has revealed
Posted: 19/12/2023
Hollywood Bowl has hit record revenues of £215.1m in the 2023 financial year, an increase of 16.2% compared to 2022
Posted: 18/12/2023
The trustees of the Westminster Abbey 1972 Retirement and Death Benefits Scheme have completed a £25m full-scheme buy-in with Pension Insurance Corporation (PIC)
Posted: 18/12/2023
Keywords Studios has announced the acquisition of Nottingham-based game development studio, Multiplayer Group, for £76.5m
Posted: 18/12/2023
Naked Wines has seen its shares rise 3.5% despite reporting that half-year total revenues fell 20% to £132.3m in the six months to October
Posted: 15/12/2023
The Competition and Markets Authority (CMA) has launched an investigation into Simba Sleep over whether the mattress retailer misled consumers about price reductions and put unfair pressure on consumers to make quick purchases
Posted: 15/12/2023
The number of company insolvencies in the UK jumped 21% in November compared to the same month last year, new figures published by the Government have shown.

According to the Insolvency Service, there were 2,466 registered company insolvencies last month
Posted: 15/12/2023
Serco has agreed to acquire European Homecare (EHC), a specialist provider of immigration services to public sector customers in Germany
Posted: 14/12/2023
Wiltshire Pension Fund has announced that it will divest from fossil fuels by 2030 as part of its net-zero strategy
Posted: 14/12/2023
Currys has reported that its profits increased in the first half of the year, despite net debt also rising to £129m
Posted: 14/12/2023
Spectris has launched the first tranche of a £150m share buy-back scheme of the group’s ordinary shares of five pence each
Posted: 13/12/2023
The number of deals that took place in the UK between January and November 2023 dropped by -14.6% year-on-year, GlobalData has revealed
Posted: 13/12/2023
The UK economy shrank by -0.3% in October, following a growth of 0.2% in September, with the effect of UK interest rates squeezing consumers, the Office for National Statistics has revealed
Posted: 13/12/2023
Sosandar has reported slower growth in the first half of the year, but has announced plans to broaden its strategy to include its first high street shops
Posted: 12/12/2023
Chemring has reported that it has hit record order intake for the year to 31 October, following increased demand for its countermeasures and sensors
Posted: 12/12/2023
AstraZeneca is set to acquire its first vaccine company, Icosavax, in a deal which is expected to cost around $1.1bn (£880m)
Posted: 12/12/2023
Greencoat UK Wind has completed its acquisition of a 49.9% interest in Kype Muir Extension wind farm in South Lanarkshire, Scotland
Posted: 11/12/2023
Vistry Group has announced it is commencing a share buyback programme that will see the housebuilding firm repurchase up to £55m of ordinary shares
Posted: 11/12/2023
Begbies Traynor has recorded 13% growth in revenue in the first half of its financial year, with increased insolvency cases resulting in this level of financial stability
Posted: 11/12/2023
The Competition and Markets Authority has stated that it will launch a review into whether the partnership between Microsoft and ChatGPT maker, OpenAI, has become a merger
Posted: 08/12/2023
Berkeley Group has announced that it will not invest in any new developments, deciding instead to put its interests on its "financial strength", after reporting a rise in profits in the first half of the financial year
Posted: 08/12/2023
PIC has made a second private placement investment of £30m in secured debt issued by Heart of Medway Housing Association, part of the mhs homes group
Posted: 08/12/2023
Frasers Group has announced a half-year revenue of £2.8bn, a figure up 4.4% on last year, after reporting “good growth” in its Sports Direct business.

The retail group, owned by former Newcastle United owner Mike Ashley, has seen its operating profit rise from £285.6m to £298.1m, while the group’s free cash flow improved from £140.5m to £216.0m
Posted: 07/12/2023
B.P. Marsh and Partners, a specialist private equity investor in early stage financial services companies, has announced the sale of its entire shareholding in Paladin Holdings
Posted: 07/12/2023
The Superior Pension Fund has completed a £10m bulk annuity deal with Just Group, insuring the pension liabilities for 78 members
Posted: 07/12/2023
Ten Entertainment Group (TEG) has reached an agreement with US private equity firm, Trive, to be purchased in a deal worth £287m
Posted: 06/12/2023
Paragon Bank has seen its shares jump as much as 10% as the firm announced its full-year results, alongside a new share buyback scheme
Posted: 06/12/2023
Tui has announced that its board is considering plans to delist from the London Stock Exchange, should this be in the best interest for shareholders
Posted: 06/12/2023
Haag-Streit UK’s legacy defined benefit (DB) pension scheme has secured an £18m full-scheme buy-in with Aviva
Posted: 05/12/2023
Ashtead Group has reported a record performance in the first half of its financial year, despite a recent warning that full-year profits would be below expectations
Posted: 05/12/2023
THG plc, formerly known as The Hut Group, has agreed to acquire skincare brand, Biossance, for a maximum consideration of $20m (£15.8m)
Posted: 05/12/2023
Compass Group has entered into a non-discretionary agreement with BNP Paribas to enable the purchase of up to $250m (£197.3m) of the company’s ordinary shares
Posted: 04/12/2023
Capita has agreed to sell its 75% stake in Fera Science Limited for £60m to Bridgepoint Group on a cash-free, debt-free basis
Posted: 04/12/2023
JLEN Environmental Assets Group has acquired the remaining 30% of shares in Bio Collectors Holdings Limited for £8m, taking its business to 100%
Posted: 04/12/2023
Van Elle has recorded a revenue drop of 16% in the six months to 31 October, with results remaining in line with expectations, despite “challenging market conditions”
Posted: 01/12/2023
The Thales UK pension scheme has agreed a £2.7bn buy-in with Rothesay, securing the benefits of over 16,000 members, including 10,512 pensioners and dependants, and 5,915 deferred members
Posted: 01/12/2023
Newable Ventures has been acquired by Maven Capital Partners for an undisclosed fee
Posted: 01/12/2023
LendInvest has completed its fifth and largest securitisation of £410m worth of UK prime buy-to-let (BTL) mortgage loans
Posted: 30/11/2023
LXi REIT has recorded a decline in its net asset value, after citing higher interest rates set by the Bank of England
Posted: 30/11/2023
Dr Martens has seen its share price hit an all-time low after issuing its fourth profit warning in the space of a year
Posted: 30/11/2023
Pets at Home has commenced with the second tranche of a buyback programme to repurchase £25m of its own shares
Posted: 29/11/2023
Halfords has made changes to its full-year guidance in its half-year report, dropping its underlying pre-tax profits range from between £48m-58m to between £48m-53m
Posted: 29/11/2023
EasySend has agreed to sell 60% of the company to GSTechnologies for an undisclosed amount
Posted: 29/11/2023
Challenger firms in the UK telecoms sector are playing a vital role in driving competition in the B2B market, according to data and analytics firm, GlobalData
Posted: 28/11/2023
Askews Retirement Scheme has secured an £11m full-scheme buy-in with Legal & General (L&G), covering the benefits of all 86 scheme members
Posted: 28/11/2023
EasyJet has reported "strong" full-year results, but has warned that a number of factors may affect the outlook of its current quarter
Posted: 28/11/2023
JLEN Environmental Assets has announced a higher dividend in its half-year results, following a slight increase in portfolio value and solid investments distributions
Posted: 27/11/2023
Aviva has acquired the Canadian vehicle replacement insurance business, Optiom, from Novacap and other minority shareholders for £100m
Posted: 27/11/2023
The Co-operative Pension Scheme has secured a £4bn buy-in with Rothesay, securing the benefits for almost 50,000 members, including 17,655 pensioners and dependants, and 31,896 deferred members
Posted: 27/11/2023
Virgin Money has announced a share buyback programme to repurchase up to £150m, despite a drop in pre-tax profits
Posted: 24/11/2023
The trustee of the Boots Pension Scheme has agreed a £4.8bn full buy-in with Legal & General (L&G), marking the UK's largest single transaction of its kind by premium size
Posted: 24/11/2023
A bid by Harland and Woolf Group to acquire Isles of Scilly Steamship Company (ISSCL) has been rejected, following an undisclosed cash offer
Posted: 24/11/2023
Pre-tax profits at Jet2 climbed by 47% in the first half of the holiday firm’s financial year, following a “strong” summer performance
Posted: 23/11/2023
Serica Energy has acquired a 30% non-operated interest in the Greater Buchan Area (GBA) development in the North Sea from Jersey Oil and Gas (JOG) for $18m (£14.4m)
Posted: 23/11/2023
LondonMetric Property has announced that its revenue has risen in the first half of the financial year, stating that it remained “active and opportunistic” despite market volatility
Posted: 23/11/2023
Businesses across the UK are expected to see £20bn worth of investment per year over the next decade, as part of reforms covered in the Government's autumn statement.

The Chancellor, Jeremy Hunt, announced that measures to back businesses “big and small” will remove barriers to investment and help bridge the productivity gap between the UK and the G7
Posted: 22/11/2023
Chancellor, Jeremy Hunt, has announced plans to offer employees a choice on their workplace pension provider as part of his Autumn Statement, in what industry experts have suggested could represent a “ground-breaking” shift for the pensions industry
Posted: 22/11/2023
Shares in Sage hit an all-time high as the software firm reported that its profits increased 18% in the latest financial year
Posted: 22/11/2023
Shares in SigmaRoc have been suspended after the building materials firm announced that it had agreed to a group of European lime businesses from CRH for up for €1bn (£870m), which will be classed as a reverse takeover
Posted: 22/11/2023
Telecom Plus has announced that it has “deepened” its relationship with E.ON in the first half of the current financial year, which it states will lead to “incremental growth opportunities”
Posted: 21/11/2023
A further 50 of the UK’s venture capital and growth equity firms have now signed the Venture Capital Investment Compact, pledging to support efforts to unlock British pension investment in high-growth companies
Posted: 21/11/2023
Capita has announced plans to cut around 900 jobs globally as part of a cost-cutting drive, with indirect support function and overhead roles set to be primarily affected
Posted: 21/11/2023
Compass Group has reported a total revenue of £31.3bn for the latest financial year, an organic growth of 19%
Posted: 20/11/2023
Musicmagpie is in the early stages of exploring a sale of the company to BT and Aurelias Group
Posted: 20/11/2023
Sirius Real Estate has announced that it is set to raise £145m through a share placing, as it aims to act on a “significant near-term pipeline of attractive acquisition opportunities”
Posted: 20/11/2023
H&T Group, the UK’s largest pawnbroker, has received additional support to fund the growth of the business from Allica Bank in the form of a £10m funding facility
Posted: 17/11/2023
Paragon Bank’s structured lending division completed £55m of new finance facilities in October across two new-to-bank property-focused deals, the group has announced
Posted: 17/11/2023
Aviva's GI gross written premiums (GWP) rose 13% in the first nine months of the year, ignoring the effect of exchange rates, to £8.0bn
Posted: 17/11/2023
Burberry has reported that its full-year sales expectations are at risk, as a result of a slump in demand around the world
Posted: 16/11/2023
Young’s has announced that it has reached an agreement with City Pubs to acquire the firm for approximately £162m
Posted: 16/11/2023
Hotel Chocolat has agreed a takeover deal by Mars for a cash consideration of £534m
Posted: 16/11/2023
SSE has reported that it has beaten its profit forecast in its half-year report, with plans to grow its investment in clean energy by 14%
Posted: 15/11/2023
ZEDRA has agreed to acquire LJ Fiduciary and Alvarium Private Office (APO) from AITi Tiedemann Global for an undisclosed sum
Posted: 15/11/2023
Experian has recorded a rise in profits in the first half of the year, with the world’s largest credit data firm hitting profits of $928m (£746m) in the six months to September 2023
Posted: 15/11/2023
Vodafone has reported that its half-year revenue has dropped 4.3% year-on-year, now standing at €21.9bn (£19bn).

The British telecommunications firm revealed this was a result of falling customer numbers in some areas of the business, despite seeing an increase in organic revenue following price hikes
Posted: 14/11/2023
Fintel, the parent company of Defaqto and SimplyBiz, has confirmed the acquisitions of financial information and ratings provider, AKG, and adviser review site, VouchedFor
Posted: 14/11/2023
Imperial Brands has stated that it expects profit and revenue to grow in the next financial year, but it will be slower in the first half of the year due to price rises and investments in tobacco alternatives
Posted: 14/11/2023
Legal & General (L&G) Assurance Society has completed a £500m buy-in with the Deutsche Bank pension scheme, securing the benefits of around 2,000 retirees and deferred members
Posted: 13/11/2023
Vodafone has announced its intention to form a strategic partnership with Accenture to commercialise its shared operations to "accelerate growth, enhance customer service and drive significant efficiencies".
Posted: 13/11/2023
British Land has seen annual growth in its half-year report, despite witnessing a 2.5% drop in its property value
Posted: 13/11/2023
Defence giant, Babcock International, has signed a four-year £750m contract with the Ministry of Defence’s (MoD’s) Submarine Delivery Agency (SDA)
Posted: 10/11/2023
Shares in Diageo fell as much as 16% earlier today after it stated that it expected its first-half operating profit growth to decline as a result of a “materially weaker performance” in the Caribbean and Latin America
Posted: 10/11/2023
AVI Global Trust has announced that it has provided share and NAV price total returns of 14.8% and 15.3% respectively
Posted: 10/11/2023
The National Grid has made calls for Government policy to support its push for electrification of the grid in the UK, following on from spending record highs in the first half of the financial year
Posted: 09/11/2023
Construction group Galliford Try has acquired AVRS Systems, a specialist contractor to the water and energy sectors, for a total consideration of up to £7.0m
Posted: 09/11/2023
B&M has reported a 16.1% in its core earnings for the first half of the year, with revenue also increasing by 10.4% in the same period
Posted: 09/11/2023
The UK will need around £1.3trn to meet its infrastructure goals, but only £700bn in funding is currently secured from a mixture of public and private sources, leaving a £615bn shortfall by 2030, a report by the ABI has revealed
Posted: 08/11/2023
Marks & Spencer (M&S) has reported a 75% growth in pre-tax profits year-on-year in its report for the first half of the year
Posted: 08/11/2023
Digital publisher, Reach plc, has announced it is reducing its workforce by 450 as part of a cost reduction programme
Posted: 08/11/2023
Fintech firm, IG Group, has announced it is to commence with the second tranche of a share buyback programme that will see it repurchase up to £150m worth of its own shares
Posted: 07/11/2023
Associated British Foods (ABF) has reported a 15% increase in sales to £19.8bn in the year to September
Posted: 07/11/2023
Housebuilding firm, Vistry Group, has agreed an £819m deal that will allow it to develop 2,915 new homes
Posted: 07/11/2023
Mitie Group has announced the acquisition of fire, security, information and communications technology provider, GBE Converge Group, for £27m
Posted: 06/11/2023
Prudential has continued to see momentum in Q3, after posting new business profits of $2.14bn (£1.73bn) in 2023, a slight drop from 39% in Q2
Posted: 06/11/2023
Just Group has completed a buy-in transaction for Air France’s (UK) pension scheme trustees, covering approximately £32m of pension liabilities and almost 200 scheme members
Posted: 06/11/2023
Wickes has said that it remains on track to meet its end-of-year financial targets, despite profits falling in the third quarter
Posted: 03/11/2023
The Rotork Pension & Life Assurance Scheme has agreed an £80m buy-in deal with Aviva, covering the pension benefits for 406 current pensioners and dependants in the scheme
Posted: 03/11/2023
Currys has proposed disposal plans for Kotsovolos, the holding company of its entire Greece and Cyprus retail business, for €200m (£175m)
Posted: 03/11/2023
LondonMetric Property has sold four offices and two long income assets in separate transactions for £24.5m
Posted: 02/11/2023
Shell has reported profits of $6.2bn (£5.1bn) in the third quarter of 2023, as oil prices continue to rise
Posted: 02/11/2023
Sainsbury's has reported strong half year financial results, with share gains increasing by over a quarter (26%) over the course of the year
Posted: 02/11/2023
GSK has increased its annual profit forecasts in its third quarter results, having recorded a strong launch of its respiratory syncytial virus (RSV) vaccine, Arexvy, in the US
Posted: 01/11/2023
Paragon Banking Group has completed a new securitisation, which contain £899m of prime buy-to-let (BTL) mortgage assets
Posted: 01/11/2023
Asos has predicted a second year of falling sales after recording annual losses in its Q3 financial report
Posted: 01/11/2023
IG Group has announced measures to simplify and streamline the business in order to improve its position for further growth, which includes redundancies across 10% of its workforce
Posted: 31/10/2023
Vodafone has agreed to sell Vodafone Spain to Zegona Communications for a consideration of €5bn (£4.37bn)
Posted: 31/10/2023
Specialist finance lender, MT Finance Group, has secured an additional £500m senior facility from J.P. Morgan
Posted: 31/10/2023
Frasers Group has sold the intellectual property (IP) of Missguided to Chinese firm, Shein, for an undisclosed fee
Posted: 30/10/2023
Premier Foods has announced the acquisition of breakfast brand, FUEL10K, for an enterprise value of £34m
Posted: 30/10/2023
Ascential has announced the sale of two if its three businesses for a total of £1.4bn as its plans to streamline its business
Posted: 30/10/2023
The parent company of British Airways, International Airways Group (IAG), has seen its share price drop sharply, despite record quarterly profits
Posted: 27/10/2023
The new brand owner of Wilko has said that it will open new concept stores in the UK before Christmas this year
Posted: 27/10/2023
NatWest Group has reported an 3.4% increase in total income in the latest quarter but analysts described the results as “disappointing” as shareholder net profit drops below expectations
Posted: 27/10/2023
Inchcape has reported in its Q3 trading report that its revenue currently stands at £2.8bn, an increase of 35% compared to the same period last year
Posted: 26/10/2023
Standard Chartered’s profits have fallen by a third in Q3 following a $900m combined hit from its exposure to real estate and banking sectors in China
Posted: 26/10/2023
Unilever has set out plans to drive its growth following results in the third quarter which have “not matched its potential”
Posted: 26/10/2023
Halma has announced that it has completed two bolt-on acquisitions of Alpha Instrumatics and AprioMed AB for a combined £46.5m
Posted: 25/10/2023
Lloyds Banking Group has reported that its profit after tax has increased by £1.4bn in the latest quarter, taking its profit after tax to £4.3bn for the year
Posted: 25/10/2023
Caps on bonuses issued to bankers will be scrapped as part of a post-Brexit shake-up of finance rules in the UK
Posted: 25/10/2023
Twenty UK venture capital and growth equity firms have backed the newly launched Venture Capital Investment Compact, in an effort to unlock greater defined contribution (DC) pension investment in high-growth companies
Posted: 24/10/2023
Nokia is to axe between 9,000 and 14,000 jobs by the end of 2026 to cut costs by between €800m and €1.2bn
Posted: 24/10/2023
Barclays has reported lower earnings and cut its profitability forecasts, as it revealed it is considering cutting costs
Posted: 24/10/2023
Specialist lender, TAB, has completed a private securitisation facility with NatWest and Atalaya Capital Management of up to £300m to support its lending products
Posted: 24/10/2023
Chevron is to acquire the independent energy company Hess Corporation for $53bn
Posted: 23/10/2023
Wealth management firm St James’s Place has suspended dealing in its £924m Property unit trust
Posted: 23/10/2023
The defined benefit (DB) pension scheme of Landor Cartons Limited has completed a £6m full scheme buy-in with Just Group
Posted: 23/10/2023
Spire Healthcare Group has acquired Vita Health Group, for a net cash consideration of £74m
Posted: 20/10/2023
Apax Partners has made a £203m bid for Kin and Carta, becoming the latest private equity firm to approach a London-listed company
Posted: 19/10/2023
Hollywood Bowl has seen an 11% increase on its total revenue year-on-year, in end of year results which the firm described as an “excellent financial and operational performance”
Posted: 19/10/2023
Hargreaves Lansdown (HL) has reported a net client growth of 8,000 in the second quarter of the latest financial year, following on from 17,000 in Q1 2023
Posted: 19/10/2023
Whitbread saw its share price increase by 3.5% after reporting a 44% in half-year profits, following demand for its Premier Inn hotels and increase in consumer spending at its restaurants
Posted: 18/10/2023
LBG Media, the owner of the LADbible Group, has confirmed the acquisition of Betches Media, a US-based media brand focused on digital media content production and publication for women
Posted: 18/10/2023
Barratt Developments has warned of an “uncertain” outlook for the year in its second quarter results for the financial year
Posted: 18/10/2023
Tritax Big Box REIT, UK investment trust that invests in logistics real estate, has signed a new £500m sustainability-linked unsecured revolving credit facility (RCF) with a syndicate of its existing relationship banks and new lenders
Posted: 17/10/2023
Rolls-Royce has announced plans for a “simpler, more streamlined organisation”, which is set to see between 2000-2500 roles cut globally
Posted: 17/10/2023
Frasers Group has entered into an agreement with Signa Retail Department Store Holding GmbH to acquire SportScheck for an undisclosed fee
Posted: 17/10/2023
The UK buyout market is undergoing a “seismic shift”, according to analysis from LCP, which revealed a more than 50 per cent increase in the number of defined benefit (DB) schemes approaching insurers for buy-in/out quotations compared to a year earlier
Posted: 16/10/2023
ITM Power has commenced bidding into projects into the US market
Posted: 16/10/2023
abrdn has agreed to sell its European-headquartered private equity business to alternative asset management firm, Patria Investments
Posted: 16/10/2023
Loungers has reported a 7.7% increase in like for like (LFL) sales in the 24 weeks to 1 October 2023
Posted: 13/10/2023
Deutsche Bank AG has completed the acquisition of Numis Corporation and launched Deutsche Numis, an investment banking adviser for UK listed companies
Posted: 13/10/2023
The Competition and Markets Authority (CMA) has approved the $69bn acquisition of Activision Blizzard by Microsoft, after 21 months of legal blockades
Posted: 13/10/2023
Alcoholic beverage giant Diageo has confirmed it is to commence with a share buyback programme to return $1bn (£816.6m) of capital to shareholders
Posted: 12/10/2023
The Competitions and Markets Authority (CMA) has called on third parties to comment on the impact of the proposed UK merger between Three and Vodafone.

The opportunity for comment on the merger comes in advance of the CMA launching a formal investigation once it has received the information it needs from the merging companies
Posted: 12/10/2023
Schroders Greencoat has closed £330m in commitments from six Local Government Pension Scheme (LGPS) funds in the Brunel Pension Partnership (BPP) for its renewable infrastructure fund
Posted: 12/10/2023
Guernsey-based Apax Global Alpha, the closed-ended investment company providing access to the Apax Private Equity Funds, has invested approximately €16.6m (£14.3m) in Bazooka Candy Brands on a look-through basis
Posted: 11/10/2023
Brickability has reported that its performance in the first half of the year was in line with board expectations, despite a 14% decrease in like-for-like revenue
Posted: 11/10/2023
Standard Life has concluded a £335m bulk purchase annuity (BPA) transaction with the London Stock Exchange Group (LSEG) pension scheme
Posted: 11/10/2023
Property company, Warehouse REIT, has completed the sale of two assets totalling £9.5m, together 30% ahead of the 31 March 2023 book value
Posted: 10/10/2023
Tool hire provider, Speedy Hire, has confirmed the acquisition of the entire issued share capital of sustainable power solutions firm, Green Power Hire (GPH), for an enterprise value of £20.2m
Posted: 10/10/2023
Pension SuperFund Capital (PSF) has reached an agreement to acquire pension services provider and Options Pensions parent company, STM Group, for £35.6m
Posted: 10/10/2023
Guernsey-based investment company, Doric Nimrod Air Two, has reached an agreement with Emirates over the sale of two aircraft assets
Posted: 09/10/2023
Property investor and developer, Assura, has refinanced its revolving credit facility (RCF) to provide the group with improved terms and flexibility
Posted: 09/10/2023
Metro Bank has reached a deal to raise extra funds from investors after last week announcing it was seeking new funding
Posted: 09/10/2023
GSK has raised £885.6m from a discounted stake sale in Haleon, which has resulted in the British drugmaker cutting its shareholding in the world’s largest standalone consumer healthcare firm to 7.4%
Posted: 06/10/2023
Imperial Brands has announced plans to repurchase up to £1.1bn of shares over the next year, having reported growth in sales
Posted: 06/10/2023
Pub chain, J D Wetherspoon, has witnessed its first annual profit since the COVID-19 pandemic, following an increase in sales and cost reductions
Posted: 06/10/2023
Abcam has defended its handling of its proposed $5.7bn takeover by US-based global science and technology firm, Danaher
Posted: 05/10/2023
Shares in Metro Bank dropped by up to a third earlier today after the bank reported it is seeking to raise millions to bolster its finances
Posted: 05/10/2023
Mortgage software provider Smoove has been acquired by Digcom UK Holdings, an indirect subsidiary of Australian property platform PEXA Group, in a deal worth £30.8m
Posted: 05/10/2023
Manufacturing group Mondi has confirmed its exit from Russia after completing the sale of its last remaining facility there
Posted: 04/10/2023
Superdry has signed an IP joint venture agreement with Reliance Brands Holding UK (RBUK), selling its licenses in South Asia to the Indian company for £40m
Posted: 04/10/2023
Tesco has seen underlying operating profits increase by 13.9% in the first half of the 2023/24 financial year, currently standing at £1.5bn
Posted: 04/10/2023
Global alcohol beverage firm, Diageo, has launched and priced a $1.7bn SEC-registered bond offering
Posted: 03/10/2023
Property development and investment firm, Great Portland Estates (GPE), has signed a new £250m unsecured term loan
Posted: 03/10/2023
Boohoo Group has stated that it has made “substantial progress” in the first half of its financial year, despite a 17% decline in revenue year-on-year
Posted: 03/10/2023
Bridgepoint Group has announced that J.P. Morgan Securities has entered into an arrangement to purchase ordinary shares in the group as part of a buyback programme
Posted: 02/10/2023
Big Issue Invest (BII), the investment arm of the Big Issue Group (BIG), has opened applications for a new investment programme aimed at new and early-stage social enterprises in London.

The programme, Power Up London, will aim to support diverse-led, early-stage socially impactful organisations based in London, which are addressing social or environmental issues and providing services to underrepresented communities
Posted: 02/10/2023
The Andrew Sykes Group Pension Scheme has completed a £30m buy-in with Canada Life, insuring the benefits of around 440 members, including 160 deferred members
Posted: 02/10/2023
Cruise port operator, Global Ports Holding (GPH), has issued $330m (£270.8m) of secured private placement notes to insurance companies and long-term asset managers, at a fixed coupon of 7.87%
Posted: 29/09/2023
British communications firm, OneWeb, has announced a merger with French-based Eutelsat Communications to create Eutelsat Group, the world’s first GEO-LEO operator
Posted: 29/09/2023
The total cost faced by the global insurance industry to implement the IFRS 17 accounting standard is now estimated to be US$21-27bn, according to a worldwide survey by WTW
Posted: 29/09/2023
PureGym has announced that its parent company, Pinnacle Bidco, has successfully priced £804m of senior secured notes
Posted: 28/09/2023
PIC’s new business premiums rose to £6.5bn in H1 2023, compared to £2.4bn a year earlier, with a record number of pensions insured, at 339,900, up from 302,220 for FY 2022
Posted: 28/09/2023
Deliveroo has announced the proposal of a tender offer that will see the food delivery company return £250m to shareholders
Posted: 28/09/2023