Brussels backs £6.3bn foreign takeover of defence behemoth Meggitt
A £6.3bn foreign takeover of one of Britain’s biggest defence companies has moved a step closer after it won backing from Brussels. The sale of Coventry-based Meggitt…
Letting China take control of our biggest microchip factory is a terrible mistake
This is a spectacular misjudgement – or possibly worse. The quality of many finished products today largely depends on the quality of the compound semiconductors they use….
Newport Wafer Fab’s Chinese owner forced to reassure investors after share slump
The Chinese owner of Britain’s biggest microchip plant has been forced to reassure investors about its financial health following a share price slump. Shanghai-listed Wingtech insisted that…
Cabinet split over Chinese takeover of UK microchip maker
Kwasi Kwarteng is under pressure from fellow Cabinet ministers to block a Chinese takeover of Britain’s biggest microchip factory in spite of national security advice saying the…
Peloton shares soar as Nike and Amazon consider takeover bids
Peloton shares jumped by almost a third after it emerged that Amazon and Nike are considering launching takeover bids for the exercise bike maker. Shares surged 31pc…
Richard Caring pulls out of battle for the Wolseley
The co-founder of the restaurant group behind the Wolseley has been boosted in his efforts to win back control of the business after rival restaurateur Richard Caring…
Hedge fund offers £38m for owner of the Wolseley, the West End restaurant to the stars
A US hedge fund has lodged a £38m bid for the owner of the Wolseley, the central London restaurant frequented by celebrities including Kate Moss and Stephen…
Takeover bid triggers fresh turmoil for M&C Saatchi
Laying its cards on the table earlier this month, AdvancedAdvT said an enlarged group would create “significant value for shareholders” by forging a data, analytics and digitally…
Investors attack ‘confusing’ EU takeover rules that still apply to the City
Investment heavyweights have criticised “confusing” EU takeover rules that continue to apply to the City. Baillie Gifford, Blackrock and Aviva are among those backing calls for Brussels’…
Takeover attempt opens boardroom rift at Tory ad agency
AdvancedAdvT said on Friday that a combined business would be “well-positioned to take advantage of the structural changes” from the digital age that are changing the way…
Best-paid Clifford Chance partner takes home record £3.2m
The top-earning partner at magic circle law firm Clifford Chance took home £3.2m last year amid a boom in City dealmaking. According to accounts filed on Companies…
Purplebricks prepares to offload troubled lettings business
The online estate agent Purplebricks is drawing up plans to offload its troubled lettings business after regulatory failings pushed its share price to new lows. The chief…