Business NEWS

Virgin Rail loses West Coast contract to FirstGroup

Sir Richard Branson’s UK rail operator, Virgin Rail, has lost its bid to continue running the West Coast mainline route, it was announced today. The contract has been handed to rival operator FirstGroup … Continue reading “Virgin Rail loses West Coast contract to FirstGroup”


Sponsor Bain acquires 30% stake in Genpact for $1bn

US private equity firm Bain Capital LLC has agreed to buy some USD1bn (EUR815.7m) worth of common shares in Bermuda-based business process management (BPM) company Genpact Ltd (NYSE:G) from certain existing sponsors, the … Continue reading “Sponsor Bain acquires 30% stake in Genpact for $1bn”


Online travel agents and hotel group broke competition law, OFT claims

Two online travel firms and a hotel group have been accused of infringing competition law by limiting hotel room discounts. The UK’s Office of Fair Trading (OFT) issued a Statement of Objections today, … Continue reading “Online travel agents and hotel group broke competition law, OFT claims”


UK genetics firm Genesis in JV with Chinese pork producer BeSun

British animal genetics company Genus Plc (LON:GNS) said today that its porcine genetics division PIC had signed a deal to set up a joint venture in China with domestic pork producer Shaanxi Yangling … Continue reading “UK genetics firm Genesis in JV with Chinese pork producer BeSun”


Sale of IMO Car Wash postponed as investors opt for refinancing

The the planned sale of  IMO Car Wash Group has been terminated, the Telegraph reported without specifying its sources, and the company’s owners have opted to refinance the business instead. Exponent and Permira … Continue reading “Sale of IMO Car Wash postponed as investors opt for refinancing”


Cosmetics giant Coty forms South Korean JV with LG Household & Health

US-based beauty care products maker Coty Inc has formed a joint venture with South Korean sector company LG Household & Health Care Ltd (KRX:051900), or LG H&H, to extend their presence in the … Continue reading “Cosmetics giant Coty forms South Korean JV with LG Household & Health”


Many Scottish shops and hotels at risk of going under, R3 report claims

Hundreds of retailers and hoteliers in Scotland are at risk of going out of business in the next 12 months, a new report claimed today. Business recovery organisation R3 said that there was … Continue reading “Many Scottish shops and hotels at risk of going under, R3 report claims”


Bargain hunting British travellers widen horizons in search of deals

Spain is still the UK’s most popular overseas tourist destination, but with bargain hunting Brits keen to find the best deals, UK travellers are widening their palette of options, according to data provided by Asda Money. The UK … Continue reading “Bargain hunting British travellers widen horizons in search of deals”


Dutch CNH Global considers merger with Fiat Industrial

Dutch agricultural and construction equipment group CNH Global NV (NYSE:CNH) said it had put together a special committee of independent directors to review the business combination proposal received from Italian majority owner Fiat … Continue reading “Dutch CNH Global considers merger with Fiat Industrial”


Associated British Foods acquires Premier Food’s ethnic flour business

UK-based food, ingredients and retail group Associated British Foods plc (LON:ABF) on Friday said it was buying the Elephant Atta ethnic flour business of Premier Foods Plc (LON:PFD) for a cash price of … Continue reading “Associated British Foods acquires Premier Food’s ethnic flour business”


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