UK econonomy shinking

UK business groups expect economy to shrink this year

Leading business groups in the UK have downgraded their economic forecasts and called for action from the government. The British Chambers of Commerce (BCC) announced today that it expects the UK’s gross domestic product (GDP) to shrink by 0.4% in […]

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Goldm mine

Xstrata shareholder Knight Vinke to vote against Glencore deal

US hedge fund Knight Vinke Asset Management LLC, a shareholder of Xstrata Plc (LON:XTA), said on Friday it would

care homes

London-listed healthcare firm Care UK acquires Whitwood Care

British health and social care services provider Care UK plc (LON:CUK) has taken over specialist adult residential care operator Whitwood Care, Care UK said without providing financial details. The

removal services scotland

Policy Exchange Think Tank recommends selling expensive council property

The Policy Exchange Think Tank has recommended councils to sell expensive social homes and invest the money the reclaimed money in building cheaper homes. According to them selling the

TV studio

Broadcaster ITV acquires production firm So Television

British broadcaster ITV Plc (LON:ITV) said it had purchased production company So Television for a maximum price of GBP17m (USD27m/EUR21.5m), as part of plans to boost its capability

BT Tower

BT sells stake in Indian IT firm Tech Mahindra for $250m

British communications services provider BT Group Plc (LON:BT.A) said it had disposed of 14.1% in Indian IT services firm Tech Mahindra Ltd (BOM:532755) for a total gross cash

European Commission, Brussels

French media group Vivendi expects EC clearance on EMI deal

French media group Vivendi SA's (EPA:VIV) is confident it would secure clearance from the European Commission (EC) for its planned USD1.9bn (EUR1.5bn) purchase of British EMI's recorded-music unit,

performance coating

Carlyle closes $4.9bn deal to acquire Du Pont’s performance coatings unit

US private equity firm Carlyle Group LP (NASDAQ:CG) has sealed a definitive deal to acquire the performance coatings unit of US chemicals giant


Pension Wind-Ups: Preparing for the future

It is an unfortunate fact that many pension schemes are forced to wind up as a result of underfunding, company mergers, or other factors.  Understandably, a failed or


Google mandates Barclays to find buyers for Motorola Mobility

US technology giant Google (NASDAQ:GOOG) is set on offloading Motorola Mobility's Home Business and has mandated UK investment bank Barclays (LON:BARC) to help it with the sale, Bloomberg

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