Latest News

Diageo sells Kenyan drinks business to Asahi for $2.3bn


By Dan McGrath

Diageo has agreed to sell its 100% shareholding in Diageo Kenya to Japanese listed global beverage firm, Asahi, for $2.3bn.

The drinks firm, which owns brands including Guinness, Captain Morgan and Smirnoff, said the deal includes its 65% shareholding in East African Breweries (EABL) and its 53.7% shareholding in Kenyan spirits business, UDVK


Story 2

Bunzl publishes ‘indifferent’ outlook in trading update

Bunzl has delivered what analysts have described as an "indifferent" outlook for 2026, after reiterating its profit guidance for the current financial year

Story 3

Next plans takeover of Russell & Bromley

Next is reportedly planning an acquisition or at least taking a stake in family-owned shoe retailer, Russell & Bromley

Story 4

LendInvest agrees £175m funding with HSBC and AB CarVal

LendInvest Mortgages has announced a new long-term development finance funding partnership with AB CarVal and HSBC

Story 5

Ofwat confirms Wessex Water's £11m enforcement package

Ofwat has issued Wessex Water with an £11m enforcement package after the utilities firm failed to operate its wastewater network adequately to ensure it could cope with sewage and wastewater flows

Story 6

Nationwide fined £44m for financial crime control failings

Nationwide has been fined £44m by the Financial Conduct Authority (FCA) for failures in its anti-financial crime systems

Story 7

Serica Energy acquires North Sea assets for £57m

Serica Energy has acquired a portfolio of Southern North Sea assets from Spirit Energy for £57m

Story 8

Hollywood Bowl confirms record revenue for fourth year

Hollywood Bowl has reached its record revenue for the fourth consecutive year, increasing by 8.8% to £250.7m in the year to 30 September

Story 9

DBAY not intending to acquire TT Electronics

DBAY has announced that it has no intention of making an offer to acquire TT Electronics

Story 10

WH Smith delays full-year results announcement for second time

WH Smith has delayed its preliminary results announcement again to 19 December, after previously pushing the date back at the end of October

Card Factory shares plummet following profit warning

Shares in Card Factory fell by over 25% in early trading after the retailer lowered its profit guidance for the year to between £55m and £60m
Anglo American and Teck shareholders agree to $53bn merger

Shareholders at Anglo American and Canadian firm, Teck, have agreed to a merger deal valued at around $53bn.

The allotment of new shares was approved by 99.17% of Anglo American shareholders to create the group, Anglo Teck
Diploma appoints new CFO

Diploma has appointed Wilson Ng as its permanent group chief financial officer (CFO), after he has served as acting CFO since August


View More News

BANNER

BANNER

FREE E-NEWS SIGN UP

Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Tick here to confirm you are happy to receive news and promotions sent by Corporate Finance News that you can opt out of at any time.


© 2019 Perspective Publishing     Privacy & Cookies