Markets
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Global management consultancy Bain & Company has formed a strategic partnership with Terralytiq, a startup specialising in supply chain decarbonisation intelligence solutions. This collaboration aims to help businesses optimise their supply chains by reducing both carbon emissions and costs, ultimately facilitating the delivery of products with lower carbon footprints. Established in 2023, Terralytiq offers a…
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Former Aston Villa bigwig Chris Heck has joined LIV Golf as the Saudi Arabia-backed league’s new president of business operations. Heck left Villa this season after a two-year stint that saw the Premier League club reach the Champions League. It comes as the US Amateur champion Jose Luis Ballester snubbed a spot on the Korn…
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Macquarie Asset Management and British Columbia Investment Management Corporation (BCI) have announced the completion of their acquisition of the European waste-to-product company Renewi, in a deal valuing the company at approximately £707 million ($957 million USD). Based in the UK, Renewi specialises in extracting value from waste and used materials, diverting waste from incineration or…
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An influential group of MPs has demanded that Meta outline its track record responding to requests to remove damaging content from finfluencers, after the Financial Conduct Authority (FCA) named the Facebook and Instagram owner as the sector’s worst offender. Chair of the Treasury Committee Meg Hillier issued a letter to the social media giant earlier…
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Carbon removal technology firm Aircapture has announced a $50 million Series A funding round, aimed at scaling its Direct Air Capture (DAC) systems to capture and recycle CO2 at industrial sites. Founded in 2019, the California-based company provides modular on-site DAC machines that extract CO2 from the atmosphere, making it available for customers’ production processes.…
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Rosebank Industries, the investment vehicle led by Melrose founder Simon Peckham, has struck a £1.4bn deal for a North American electrical components business. The acquisition of Electrical Components International (ECI), the company’s first, will be financed through debt facilities and a £1.14bn capital raise at an issue price of £3 per share. Peckham, a veteran…
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Eighth interest rate cut in 12 months sees deposit rate fall to 2% as eurozone braces for U.S. duties.
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Labour is exploring a new national, universal digital ID card for every adult in the UK to tackle illegal migration. The ID is being tentatively branded as ‘Britcard’, and could be downloaded onto a smartphone in the shape of a “free verifier app”. Plans for the digital ID were laid out in detail by the…
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The chairman of Reform UK has quit his position, saying working to get the party elected was no longer “a good use of my time”. Zia Yusuf’s decision follows a row in which he described a question to the Prime Minister concerning a ban on burkas from his party’s newest MP as “dumb”. Announcing his…
