financetom
Business
financetom
/
Business
/
PRESS DIGEST-British Business - Nov. 29
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
PRESS DIGEST-British Business - Nov. 29
Nov 28, 2024 5:39 PM

Nov 29 (Reuters) - The following are the top stories on

the business pages of British newspapers. Reuters has not

verified these stories and does not vouch for their accuracy.

The Times

- Insurance company Aviva has contacted investors in bid

target Direct Line, a move that could pave the way for

a hostile takeover of the smaller rival.

- Macquarie has proposed buying waste management company

Renewi ( SHMCF ) for 700.9 million pounds($890.14 million), the

companies said on Thursday, more than a year after the asset

manager's first attempt to take over the British firm.

The Guardian

- U.S.-based investment group Fortress Investment Group will buy

British cafe-bar and restaurant chain Loungers at an

enterprise value of about 350.5 million pounds, the two firms

said on Thursday.

- Britain's markets watchdog on Thursday re-cast proposals to

publicly name companies under investigation, in its latest

effort to defuse a fierce backlash against plans that have been

labelled misjudged and harmful to London's competitiveness.

The Telegraph

- The bid for Britain's Telegraph newspaper has been extended

until the end of the year as preferred bidder Dovid Efune faces

funding delays.

Sky News

- Marks and Spencer ( MAKSF ) and Kingfisher are among the

retailers which are circling the remaining Homebase estate of

close to 50 outlets, ahead of a deadline for offers on Friday.

- Leading investors in Wefox, the troubled European insurance

company, are engineering a 150 million euro($158.48

million)refinancing to avert the need to sell one of its most

valuable remaining assets.

The Independent

- British lawmakers will debate proposals to allow mentally

competent, terminally ill adults in England and Wales, with six

months or less left to live, the right to choose to end their

lives with medical help.

($1 = 0.7874 pounds)

($1 = 0.9465 euros)

(Compiled by Bengaluru newsroom)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Once a beacon of stability, Vietnam to name third president in a year
Once a beacon of stability, Vietnam to name third president in a year
Mar 22, 2024
HANOI, March 22 (Reuters) - Communist-ruled Vietnam is seeking its third president in little more than a year after the resignation of Vo Van Thuong, who was only elected last year after the sudden dismissal of his predecessor. With accumulated foreign direct investment higher than its gross domestic product, Vietnam's stability is crucial to multinationals with large operations in the...
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Mar 22, 2024
(Reuters) - Popular investor Cathie Wood's ARK Invest bought nearly 10,000 shares of Reddit ( RDDT ) in the social media platform's strong market debut on Thursday, an email from the asset manager showed. A total of 9,982 shares of the loss-making company was added to ARK Next Generation Internet ETF ( ARKW ) and ARK Fintech Innovation ETF (...
Japan's union group Rengo announces biggest wage hikes on record
Japan's union group Rengo announces biggest wage hikes on record
Mar 22, 2024
TOKYO (Reuters) -Japanese firms have agreed to raise pay by 5.25% this year, the biggest rise under comparable data since 2013, the country's largest union group Rengo confirmed on Friday. The results of the closely-watched wage negotiations are announced in several stages, in which the blue-chip firms are first to wrap up their talks in mid-March. The second announcement on...
Hutchmed Begins Registration Stage for Phase 2/3 Trial of Investigational Autoimmune Disorder Drug
Hutchmed Begins Registration Stage for Phase 2/3 Trial of Investigational Autoimmune Disorder Drug
Mar 22, 2024
05:04 AM EDT, 03/22/2024 (MT Newswires) -- Hutchmed ( HCM ) said late Thursday it has started the registration stage for a phase 2/3 clinical trial of investigational drug sovleplenib for adult patients with warm antibody autoimmune hemolytic anemia in China. The move follows positive data from the proof-of-concept phase 2 stage of the trial and a consultation with the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved