Business NEWS

Media group Informa sells its corporate training units to Providence Equity

London-listed publishing and events group Informa plc (LON:INF) on Friday said it had agreed a deal worth up to USD180m (EUR137m) to sell its five corporate training businesses to Providence Equity Partners. The … Continue reading “Media group Informa sells its corporate training units to Providence Equity”


Wimbledon stimulates sales of traditional summer fare at Waitrose

UK retail company Waitrose said today that its customers appear to be getting into the spirit of Wimbledon as it released its weekly sales figures, which showed a rise in sales of traditional … Continue reading “Wimbledon stimulates sales of traditional summer fare at Waitrose”


Direct Line Group to make 2,000 staff redundant in cost cutting measures

UK retail general insurer Direct Line Insurance Group plc announced today that it intends to continue its business transformation plan and improve its operational efficiency, with further initiatives that include cutting staff numbers … Continue reading “Direct Line Group to make 2,000 staff redundant in cost cutting measures”


China’s Dalian Wanda Groupto develop real estate project in Central London

Chinese commercial property and entertainment conglomerate, Dalian Wanda Group, revealed today that it plans to commence a major investment programme in the UK. Wanda’s luxury hotel brand is making its first move overseas … Continue reading “China’s Dalian Wanda Groupto develop real estate project in Central London”


Irish biotech group Elan puts itself on the block after advising against hostile bid from RP Management

Irish biotechnology firm Elan Corp plc (NYSE:ELN) said it was launching a formal sale given expressions of interest it had received and would invite hostile suitor RP Management LLC (Royalty Pharma) to take … Continue reading “Irish biotech group Elan puts itself on the block after advising against hostile bid from RP Management”


UK private equity firm Bridgepoint acquires France’s Flexitallic Group

UK-based private equity group Bridgepoint Capital Ltd has agreed to acquire French sealing solutions provider The Flexitallic Group from French buyout firm Eurazeo PME via a EUR450m (USD588.9m) deal, the target said. Flexitallic … Continue reading “UK private equity firm Bridgepoint acquires France’s Flexitallic Group”


UK’s 0.3% GDP growth in Q1 welcomed by business groups

Business groups have given a cautious welcome to the announcement this morning that the UK has avoided a triple-dip recession, with the economy growing by an estimated 0.3% in the first quarter of … Continue reading “UK’s 0.3% GDP growth in Q1 welcomed by business groups”


France’s Safran acquires Rolls Royce’s 50% stake in helicopter engine venture for €293m

French aerospace, defence and security firm Safran SA (EPA:SAF) said Tuesday it had agreed to buy UK Rolls-Royce Holding PLC’s (LON:RR) 50% interest in the joint RTM322 helicopter engine programme for EUR293m (USD382m) in … Continue reading “France’s Safran acquires Rolls Royce’s 50% stake in helicopter engine venture for €293m”


Tesco to pull out of US market

UK supermarket group Tesco plc (LSE:TSCO) is to exit from the United States, the company announced today. The Fresh & Easy venture was launched in Nevada, California and Arizona in 2007 but has … Continue reading “Tesco to pull out of US market”


UK engineering consultant WS Atkins considers selling North American unit

UK engineering consultancy WS Atkins Plc (LON:ATK) is looking into strategic alternatives for its loss-making North American construction unit Peter Brown and expects to be clear about its future this summer, finance director … Continue reading “UK engineering consultant WS Atkins considers selling North American unit”


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