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Vodafone takes ownership of VodafoneThree joint venture


By Dan McGrath

Vodafone has agreed to take ownership of the VodafoneThree joint venture for £4.3bn via a cancellation of shares.

Following completion of the transaction, the telecommunications company will become the sole owner of VodafoneThree, which is the UK’s largest mobile operator


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Santander completes £2.65bn TSB acquisition

Santander UK has completed the acquisition of TSB for an all-cash consideration of £2.65bn.

The takeover, which received regulatory approval from the Prudential Regulation Authority and the European Central Bank, represents the single largest investment in the UK banking sector for over 15 years

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EQT submits improved takeover offer for Intertek

EQT has submitted an improved £10.3bn cash offer to acquire engineering, product testing and certification company, Intertek

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NatWest profits increase 12% in Q1

NatWest has recorded an 11.6% quarter-on-quarter increase in its profit before impairment losses, totalling £2.3bn in the three months to 31 March

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HSBC reports profit hit following fraud-related exposure

HSBC has seen its profit before tax drop by just over 1% in the year to 31 March, totalling $9.37bn, following a $400m "fraud-related, secondary, securitisation exposure" with a UK financial sponsor in its corporate and institutional banking business

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Gleeson Homes records ‘resilient’ performance in latest trading update

Gleeson Homes has reported a "resilient" trading period in the 11 weeks to 24 April, as its net reservation rate increased from 0.86 per site per week to 0.88 year-on-year

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Rolls-Royce trading update ‘restores calm’ following geopolitical uncertainty

Rolls-Royce has seen its share price increase by over 6% after it was able to "restore some calm" after a turbulent few months following the beginning of the Middle East conflict.

The FTSE 100 engineering firm said it had a "strong start" to the year across all three of its divisions, with its defence sector recording a good beginning to 2026, following an improved aftermarket performance

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Bank of England holds base rate at 3.75%

The Bank of England (BoE) has chosen to hold interest rates at 3.75% as uncertainty continues surrounding the economic impact of the conflict in the Middle East

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Unilever posts 3.8% USG in Q1

Unilever has recorded a 3.8% increase in its underlying sales growth (USG), totalling €12.6bn in the period, with volume growth jumping by 2.9%

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Persimmon records no ‘material impact’ from Iran conflict

Persimmon said that it has not experienced "any material impact" from the heightened macroeconomic uncertainty on either its supply chain or sales rates in its latest trading update

Lloyds reaches £2bn in profit in Q1

Lloyds Banking Group has reported a 33% increase in its profit before tax year-on-year in the three months to 31 March, totalling £2bn.

The bank said the rise was a result of higher total income, which beat expectations to jump by 9% to £4.8bn, with return on tangible equity (RoTE) standing at 17%
Bakkavor Pension Scheme completes £160m buy-in with Rothesay

Bakkavor Pension Scheme has finalised a £160m full scheme buy-in with Rothesay, securing the benefits of all 2,216 scheme members
OSB originations jump 11% in Q1

OSB Group has recorded an 11% quarter-on-quarter increase in its originations to £1.2bn in Q1, with good growth in its buy-to-let and residential sectors


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