Tate & Lyle shares soar on Advent private equity takeover rumours Business Shares in ingredients group Tate & Lyle have soared more than 12 per cent today after rumours emerged of a bid for the company from an American private equity group. The FTSE 250 food and beverage company is being targeted by US-based Advent International, according to the Financial Times. While Advent, which is the eighth [...]
South Bank’s ‘The Slab’ in spotlight as campaigners fight planning decision Legal South Bank 'The Slab' is the topic of a legal battle at court this week as campaigners seek to overturn the former government's decision to green-light redevelopment
Staggering 90 per cent of city dwellers too scared to cycle Wellness Findings, based on research by bike subscription service Swapfiets, found the top reasons behind Brits' fear of cycling in cities.
Don’t turn the City into the ‘best regulated graveyard’, pension funds told October 7, 2024 A group of pension funds has been warned against turning the City into the “best regulated graveyard” today after they called for the boss of the London Stock Exchange to stop lobbying for reform of financial services rules. In the latest of a series of letters to the London Stock Exchange Group (LSEG), a coalition [...]
City of London elects veteran financier as next Lord Mayor September 30, 2024 A financial services and asset management veteran has been elected as the 696th Lord Mayor of the City of London, and will take up his post in November. Alderman Alastair King will serve as the Square Mile’s global ambassador, taking up the historic role on 8 November, succeeding Professor Michael Mainelli. King will assume his [...]
City sounds alarm over fears that non-dom reforms won’t raise money September 27, 2024 Leading city figures have urged the government to adapt its planned reforms to the non-dom tax regime, after it was revealed that Treasury officials are concerned that the reforms may not raise any money. Labour has promised to scrap the non-domicile (non-dom) regime – a tax status that allows wealthy foreign nationals only to pay [...]
The secret language of City dealmaking September 9, 2024 Dealmaking on the public markets can be a dense and confusing world. Firms court each other in the public domain; cryptic, flirtatious barbs are fired across the market, and bosses on either side try to size each other up. But what do their messages really mean? What is the hidden meaning behind the jargon? From Pac-Man [...]
The City needs a shake-up for Britain to attract the £1trillion it needs, warns Sir Nigel Wilson September 6, 2024 The UK must unlock a wave of cash from domestic pension funds and revamp the structure of its capital markets to attract the £1 trillion of investment needed to achieve its target growth rate over the next decade, a report by a City grandee has found. The Capital Markets of Tomorrow report, led by former [...]
City deals advisers gear up for rebound after election pushed M&A to four year low September 3, 2024 The City’s deals advisers are gearing up for a rebound in activity in the closing months of the year after election uncertainty pushed mergers and acquisitions (M&A) to a four-year low in June, according to fresh figures today. The value of total deals involving UK firms, as either targets or buyers, slumped to £11.8bn in [...]
FCA under pressure to close cases into senior management amid name and shame row September 2, 2024 The City watchdog is under pressure to punish more bosses for flouting its rules after new figures revealed it had closed only half the investigations opened over the past seven years. Under the watchdog’s senior manager’s regime, introduced in 2016 in response to the financial crisis, staff in positions of power at financial services firms [...]