Leonardo DRS head not thinking retirement, wants to keep firm ‘mid-tier’ in size
CEO Bill Lynn described the firm’s recent experience going public and its narrowed focus on four key growth areas.
Mergers and Acquisitions
Mike Ashley’s Frasers Group buys 5% Boohoo stake in online shopping spree
Sale adds to flurry of investments by owner of Sports Direct, including in Currys, AO and AsosMike Ashley’s Frasers Group has bought a £22m stake in the fashion group Boohoo as the high street retail tycoon makes a flurry of investments in online retai…
Vodafone and Three agree merger to form UK’s largest mobile operator
Deal to combine firms’ British telecoms networks likely to face competition scrutinyVodafone and the owner of Three have agreed a deal to merge their British telecoms networks in a move that will create the UK’s largest mobile phone operator.The two co…
Mike Ashley’s Frasers Group raises stake in Asos to nearly 9%
Larger holding is nearly enough to block a potential takeover bid as speculation grows about online retailer’s futureMike Ashley’s Frasers Group has built its stake in Asos to almost 9% – taking him close to the ability to block a takeover bid – ahead …
Furthering the AI-First Security Cloud: Cisco Announces Intent to Acquire Armorblox
We are pleased to announce our intent to acquire Armorblox, a company that has pioneered the use of Large Language Models (LLMs) and natural language understanding in cybersecurity, to strengthen our plans for an AI-first Security Cloud.
Asda sets sights on Sainsbury’s as it buys petrol stations group EG UK
Concerns raised over £770m of new loans and £450m in new funds from Issa brothers and TDR CapitalAsda is poised to acquire 350 petrol forecourts and 1,000 takeaways in the UK and Ireland from its sister business EG Group, in a deal worth £2.27bn, helpi…
Center Parcs UK goes up for sale with near £5bn price tag
Private equity owners hope to cash in on post-Covid trend for UK domestic breaks with sale of firm’s six resortsCenter Parcs’ UK and Irish business is being put up for sale with a price tag of up to £5bn – double the amount it was bought for in 2015 – …
Vice files for bankruptcy protection amid cut-price sale to consortium
Digital publisher and owner of Vice News and Vice TV was once valued at $6bn but has agreed sale for $225mVice, the once high-flying media startup which reached a peak valuation of nearly $6bn (£5bn) has filed for bankruptcy protection in the US as the…
UK ministers urged to intervene if Australian bank takes 100% of gas business
Macquarie has option for all of National Grid gas transmission and metering despite tainted history of owning utilitiesMinisters have been urged to intervene if Australian banking powerhouse Macquarie pushes the button on a mooted £3bn deal to take ful…
THG shares fall after failed takeover talks with Apollo
Investors, who have wiped out 90% of THG’s market value since September 2020, react to the latest developmentTHG has ended talks about a possible takeover bid by Apollo saying the private equity company’s offer is an inadequate valuation of the online …