Bosses at world’s biggest banks: Britain is ‘ready for investment’ Investing Bosses at five of the world’s biggest banks, along with a host of insurers, private equity firms and tech giants, have backed a push to invest in the UK ahead of the government’s flagship investment summit today. More than a dozen executives signed a letter stating that they were optimistic about the future of the [...]
Northumbrian Water: Revenue nears £1bn as supplier returns to profit Business Revenue at Northumbrian Water jumped towards £1bn as the supplier returned to the black during its latest financial year. The Durham-headquartered company has reported a revenue of £952.4m for the year to 31 March, 2024, up from the £899.9m it posted for the prior 12 months. Newly-filed accounts with Companies House also show the business [...]
WPP sells majority stake in FGS Global to KKR as group growth flounders Media WPP also reported its interim results in a separate announcement. Despite flat revenue at £7.2bn, there was a 2.6 per cent drop on a like-for-like basis.
Vitesse: London insurtech lands £73m funding round led by US private equity giant KKR May 21, 2024 London-based insurtech Vitesse has secured a new $93m (£73.2m) funding round to support its expansion in the US.
Threadneedle accuses KKR of ‘ram raiding’ UK equities in fallout from IQGeo bid May 19, 2024 Threadneedle has accused KKR of "ram raiding" the London stock market, in the wake of the US private equity firm's takeover of IQGeo.
London-listed IQGeo shares soar as board agrees private equity takeover May 14, 2024 IQGeo said it has received binding agreements to accept the takeover by private equity firm KKR from several shareholders.