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Purchase would be third major ownership shake-up for high street lender in 12 yearsThe Spanish bank Santander is buying the British high street lender TSB for £2.65bn, raising fears of job cuts and branch closures across the combined group.The proposed…
Buyer Gordon Brothers will invest up to £80m in discount retail chain to try to turn business aroundThe discount retail chain Poundland is expected to close dozens of its stores after it was sold to the investment company Gordon Brothers for £1.Poundla…
Exclusive: Cross-party group including peers warns of risk of ‘potential Chinese state influence’ in private equity firmA cross-party group of MPs and peers has called on ministers to investigate how a US private equity company is funding its £500m tak…
TalkTalk has been hit by financial difficulties and customer exodus but it is thought no approach has been madeBT is weighing up a potential takeover of the rival telecoms and broadband company TalkTalk, which is struggling amid financial difficulties …
CMA to decide whether deal will substantially lessen competition in delivery marketThe UK’s competition watchdog has announced an investigation into the proposed merger of the delivery company Evri with DHL’s UK e-commerce business, a deal set to creat…
Deal with US private equity firm will end two years of uncertainty over future of titlesA consortium led by the US private equity firm RedBird Capital has agreed to buy the Telegraph for £500m, bringing an end to two years of uncertainty over the futur…
Microsoft president declares ‘victory’ in Call of Duty maker deal as FTC chair says case doesn’t fit with Trump’s agendaThe US Federal Trade Commission dropped a case that sought to block Microsoft’s $69bn purchase of the Call of Duty maker Activision …
Sixty-two operators claim drastic cuts to commission rates caused franchise owners to run up huge personal debts Talks to settle a £120m legal claim between Vodafone and more than 60 of the mobile phone group’s franchise operators have ended without re…
Cap of 15% could allow US firm RedBird Capital to finalise deal to buy titles after two years of uncertaintyThe government will allow foreign states to own stakes of up to 15% in British newspapers in a move that could finally end two years of uncertai…
CMA has up to 40 working days to evaluate agreement’s possible impact on competition in insurance sectorBusiness live – latest updatesThe competition watchdog has launched an investigation into Aviva’s multibillion-pound takeover of the rival insurer D…