Category: Business

Rishi Sunak has rushed out plans to protect Britain’s powerhouse financial services sector after failing to reach a Brexit deal with EU leaders. In a speech in the House of Commons, the Chancellor lashed out at officials in Brussels for refusing to entertain an agreement which would enable banks, insurers and fund managers to continue […]

Garda World has been forced to extend the deadline for its G4S bid by three weeks Garda World was forced to extend the deadline for its G4S bid after its £3billion offer received a ‘derisory’ response from shareholders. The Canadian predator – which already holds a 1.55 per cent stake in G4S – said just […]

Bosses at video game developer Codemasters are eyeing a £32million windfall after a takeover approach from a US rival. The company is in talks with Take-Two Interactive, which is behind the popular Grand Theft Auto franchise, about a possible £740million deal that values Codemasters at 485p a share. Codemasters chief executive Frank Sagnier would make […]

British investors rushed to buy beaten down shares today, as coronavirus vaccine news saw some big name companies jump by 40 per cent. Global stock markets have shot up and the FTSE 100 rose 5 per cent after Pfizer and Biontech said that their Covid-19 vaccine is at least 90 per cent effective in preventing […]

Asos co-founder Nick Robertson Asos co-founder Nick Robertson has pocketed £13.6million from selling shares in the online fashion group. The 53-year-old businessman sold 300,000 shares for between 4375p and 4723p in three transactions between Thursday and yesterday. Robertson co-founded Asos with his business partners Andrew Regan and Quentin Griffiths. He was chief executive until 2015 […]

Britain’s largest estate agency group Countrywide has received an audacious £82m takeover approach from smaller rival Connells, it revealed today. Countrywide’s bosses said they had been sent an indicative bid of 250p per share by Skipton Building Society owned Connells and are considering it. ‘The approach is at an early stage and Connells Limited has […]

Fashion house Burberry is set to see profits drop by almost 80 per cent after the pandemic battered luxury sales. Profits are expected to come in at £42m in the six months to September, according to forecasts compiled by Reuters. United front: Burberry has teamed up with footballer and children’s poverty campaigner Marcus Rashford This […]