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Telecom, tech, private equity deals define a dynamic UK week.
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Metro Bank has received a takeover approach from Pollen Street Capital, sparking fresh concerns over the number of companies leaving the London Stock Exchange amid rising private equity interest. Read more: Metro Bank takeover approach adds to fears of London Stock Market exodus
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Business leaders and entrepreneurs in the fields of technology, recruitment, and banking have been acknowledged for their valuable contributions to UK business in the King’s birthday honours list. Clare Barclay, the leader of Microsoft UK, along with Emma Bridgewater, the acclaimed founder of a distinguished ceramics enterprise, were honoured with damehoods for their contributions to…
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If London is serious about shaping the next era of tech, we must treat semiconductors as vital national infrastructure, writes Russ Shaw.
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An estimated investment of more than €240 billion will be necessary by 2050 to fulfil the EU member states’ nuclear energy plans and achieve energy decarbonisation objectives, according to the European Commission’s latest analysis. This estimate accompanies the Commission’s revised nuclear illustrative programme (PINC), which reviews nuclear development trends in the EU. This assessment aligns…
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A senior official admits errors in PPE Medpro contract approval, as day two of the £122m High Court case reveals confusion and contradictions inside the government’s Covid procurement process. Read more: PPE Medpro legal battle intensifies as civil servant admits approval ‘mistake’ over sterile gowns
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The High Court has upheld Labour’s decision to apply 20% VAT to private school fees.
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Middle East conflict jolts oil prices and global equities
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The rising popularity of padel and pickleball has helped health club chain David Lloyd make a profit for the first time since being acquired by private equity giant TDR Capital. The Hertfordshire-headquartered chain has reported a pre-tax profit of £32.2m for 2024, new accounts filed with Companies House have revealed. The results come after the…
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French energy giant EDF has acquired EV charger company Pod Point for just £10 million, down from its £352 million IPO valuation in 2021, after a sharp drop in revenue and continued losses. Read more: EDF buys EV charger firm pod point for just £10m – four years after £352m london float
