Bravissimo: Founder sells up ahead of 30th anniversary September 27, 2024 Lingerie retailer Bravissimo, which was set up by entrepreneur Sarah Tremellen almost 30 years ago, has been sold to a Japanese giant. The Warwickshire-headquartered company has been snapped up by Wacoal’s European division, which is based in Northamptonshire, for an undisclosed sum. Tremellen has owned Bravissimo with her husband Mike since she founded the firm [...]
JTC snaps up Citi Trust as it continues transatlantic takeover spree September 16, 2024 FTSE 250 corporate solutions firm JTC has struck an $80m (£60.7m) deal to expand its financial services division with a new acquisition – the latest in a string of recent takeovers. The London-listed company, which is headquartered in the city, revealed it had bought out the US-based fiduciary business Citi Trust from Citi Bank in [...]
Rupert Murdoch-backed REA Group set to increase takeover bid for Rightmove September 15, 2024 The Australian real estate giant REA Group owned by Rupert Murdoch is reportedly considering upping its bid for the British property platform Rightmove.
Portakabin: Sales surge for Portaloo inventor ahead of £1.5bn sale September 13, 2024 Sales jumped by more than £80m at the group behind modular buildings company Portakabin in the year it sold the brand in a deal which transformed its Yorkshire owners into billionaires. York-headquartered Shepherd Group sold Portakabin in June 2024 to French investor Antin Infrastructure Partners for a price reported to be more than £1.5bn. The [...]
Price rises and smaller data packages: Regulator voices concerns over Vodafone’s £15bn Three merger September 13, 2024 The planned £15bn merger between Vodafone and Three could lead to price increases for tens of millions of mobile customers, the Competition and Markets Authority (CMA) has warned. The watchdog added that the deal, which was first announced last year, could also see customers get a reduced service such as smaller data packages in their [...]
Brooks Macdonald pledges ‘simpler’ business as it offloads international arm for £50m September 12, 2024 Money manager Brooks Macdonald has said it would simplify its business and “reignite growth” as it offloaded its international arm to Canaccord Genuity for £50m. In its annual results for the year to June 2024, the London-listed wealth management outfit said its funds under management had risen seven per cent to £18bn despite shedding some [...]
Luceco: Sales rise beyond expectations at lighting giant September 10, 2024 Revenue at LED lighting specialist Luceco grew beyond expectations during the first half of its financial year as easing inflation helped to stabilise prices. The London-listed firm, which is headquartered in Telford, saw its sales increase to £109.6m in the six months ending 30 June, 2024, up from £101.1m in the same period last year. [...]
Gamma Communications eyes move from AIM to FTSE 250 September 10, 2024 Gamma Communications, the UK-based business call services provider, is considering a move to the London Stock Exchange’s Main Market following a strong set of interim results which could potentially see the company moving from AIM to the FTSE 250 Index. Shares in Gamma surged by as much as 10 per cent in early trading on [...]
Equals: Payments fintech’s revenue jumps by a third amid record transaction values September 10, 2024 Payments fintech Equals Group has seen fees to financial advisers weigh on its earnings as it looks for a potential buyer, while revenue surged on the back of record transaction values.
Centamin set for £1.9bn takeover by gold mining giant Anglogold Ashanti September 10, 2024 The South African gold mining giant said Centamin was a "compelling strategic fit", highlighting the firm's Sukari mine in Egypt.