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RWE and KKR have finalised major UK infrastructure investment financing. Their £12bn partnership includes £1bn of National Wealth Fund commitments, alongside financing arrangements involving 35 international banks.
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UK regulators have challenged the proposed Unilever and McCormick merger. The companies have until 18 November to address competition concerns involving dry cooking mixes and sauces or face an in-depth investigation.
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NIESR expects UK inflation to remain elevated until late 2030. Its latest forecasts predict a 4.4% peak in February 2027 and warn that additional interest-rate increases may be needed to contain persistent price pressures.
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A fabricated takeover bid has resulted in a suspended sentence. The FCA investigation exposed forged documents, false identities, and an attempt to manipulate a listed company’s share price.
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Travis Perkins is exiting its loss-making European Toolstation retail operations. The €1 disposal includes a £35m capital contribution as management concentrates on the group’s UK businesses.
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Funding Circle lifts revenue guidance amid resilient small-business lending demand. The company now expects at least £275m in annual revenue and a pre-tax profit margin of approximately 16%.
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Made Tech has acquired Glasgow housing software specialist Target Applications. The deal brings more than 100 customers, £1.05m in annual recurring revenue, and a new Scottish office to the public-sector technology group.
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South East Angels has secured £2m for early-stage startup investment. The British Business Bank commitment will support co-investment alongside private investors, extending funding capacity for young technology businesses across the South East and wider UK.
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PAI Partners has agreed to acquire British skincare company Elemis. The business generated more than $300m in annual sales under L’Occitane ownership, with the United States accounting for approximately half its revenue.
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British Business Bank has backed another regional business lending fund. Its commitment of up to £59m will support a new Beach Point vehicle providing loans of £500,000 to £10m to growth-focused SMEs across the UK and Ireland.