Trainer Trouble: JD Sports to Sell Footasylum
By Curtley Bale
The Story
After a second investigation by the UK’s Competition and Markets Authority (CMA), JD Sports is being forced to sell Footasylum, the sportswear retailer that it acquired in 2019.
JD Sports bought its smaller rival...
Money Matters: NatWest Posts Profits Despite Looming FCA Fine
By Curtley Bale
The Story
NatWest has posted its third-quarter results, which has seen its profits triple – despite an impending fine from the FCA for failing to prevent money laundering on multiple occasions between 2012 and...
Road Race: Tesla’s Market Capitalisation Surpasses $1 Trillion
By Curtley Bale
The Story
On Monday 25 October, Tesla’s market capitalisation surpassed $ 1 trillion for the first time. In doing so, Elon Musk’s visionary car company becomes only the seventh company to hit the $1 trillion...
Billing Big: Grant Thornton Charges £21 Million as Administrator
By Curtley Bale
The Story
UK accounting firm Grant Thornton has announced its bill for the first year of fees whilst acting as administrator to Greensill Capital. The firm estimates that it will charge £21 million for the...
Owning the Pitch: Newcastle United Football Club Takeover Deal
By Curtley Bale
The Story
Last week, after an 18-month delay, a takeover deal has been confirmed for Newcastle United Football Club. The club has been brought by a consortium, led by Saudi Arabia’s sovereign wealth fund, for...
Shopping for a Supermarket: Morrisons Board Recommends Takeover Bid from CD&R
By Curtley Bale
The Story
The long-running takeover saga surrounding Morrisons might just be over. The Morrisons board has accepted and recommended a takeover bid from US-based private equity firm Clayton...
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Twice the Talent: Mishcon de Reya’s Strategic Combination with Taylor Vinters
By Curtley Bale
The Story
Law firm Mishcon de Reya has announced a strategic combination with Taylor Vinters, a law firm with special focus on technology and innovation. Although this is not a merger, Taylor...
Taxing Times: Boris Johnson Announces Substantial Reforms
By Curtley Bale
The Story
This week, UK Prime Minister Boris Johnson announced a rise in UK National Insurance, a tax increase that has been said to take the UK tax burden to the highest level since 1950. The tax increases are...
Kick Off: CVC Agrees Investment Deal with La Liga
By Curtley Bale
The Story
After months of negotiations, private equity firm CVC Capital Partners has agreed to a deal with Spanish football league, La Liga - the body behind the top two divisions in Spanish football.
La Liga has agreed...
Making Waves: Maersk Becomes First Shipping Company to Order Carbon Neutral Vessels
By Curtley Bale
The Story
Maersk, the world’s largest shipping container company, has become the first to order carbon-neutral shipping vessels. The new ships will be long-haul, running routes from China...
Afghanistan's Economic Future
By Curtley Bale
The Story
The fall of Kabul to the Taliban and the fleeing of President Ghani signalled the end of Afghanistan’s fledgling democracy. Whilst the Taliban seek to retain a veneer of democracy, freedom and normality, the country's economic...
Give Up Giphy: CMA Calls for Facebook to Rescind Giphy Acquisition
By Curtley Bale
The Story
The UK’s competition regulator, the Competition and Markets Authority (CMA), has provisionally called for Facebook to rescind its $400 million acquisition of Giphy. The company is behind the...
Canned: PepsiCo Sells Its Juice Brands
By Curtley Bale
The Story
Last week, PepsiCo announced its decision to sell its Tropicana and Naked Juice brands. The company is selling its majority stake to French private equity firm PAI for approximately $3.3bn.
What It Means For Businesses...
Quite the Quarter: Big Tech Q2 Reports
By Curtley Bale
The Story
Big Tech companies posted a stand-out quarter of financial results this week. Four of the largest tech companies, Alphabet, Amazon, Apple and Microsoft, are benefitting from the shift to home-working and tech-spending...
Yes to Yasa: Mercedes Buys UK EV Start-up Yasa
By Curtley Bale
The Story
Carmaker Mercedes has bought UK electric motor start-up company, Yasa. The company, an innovation within the University of Oxford becoming its own brand, manufactures electric motors at a reduced motor size but with...
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