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ConocoPhillips is reviewing a potential sale of its Teesside terminal. The unsolicited offer also covers its Norwegian business, although the energy group says it will retain the assets unless its valuation expectations are met.
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Barclays has completed its acquisition of youth banking app GoHenry. The bank will retain the brand and standalone app as it broadens its relationships with younger customers and families.
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Long-term UK borrowing costs crossed a major threshold on Thursday. The 30-year gilt yield moved above 6%, raising the benchmark used across government, corporate debt, and long-term investment.
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Mirriad is discussing rescue investment while remaining formally in administration. A proposed transaction could repay creditors, support an exit from administration and eventually allow AIM trading to resume, but negotiations remain uncertain.
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eEnergy is seeking fresh capital after working-capital pressures intensified sharply. The AIM-listed energy-services group wants at least £4m after delayed receipts affected supplier payments and installations, prompting a temporary suspension in share trading.
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Spire’s private revenues grew while NHS activity weakened significantly again. First-half adjusted EBITDA fell 16% to £112.4m as a 14.3% decline in NHS hospital revenue offset growth in insurance, self-pay and primary care.
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Arco enters private equity ownership after H.I.G. completes acquisition today. The Hull-headquartered safety specialist will retain its management team as new capital supports expansion across workplace safety, training and protective equipment markets.
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UK venture funds matched US long-term returns in new analysis. British Business Bank data puts pooled TVPI at 1.78x for 2002–2021 vintages, although UK funds still trail their US counterparts on realised cash distributions.
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Financial vulnerabilities are rising as AI-related debt issuance accelerates globally. The Bank of England is monitoring interconnected risks spanning energy shocks, stretched asset valuations, leveraged markets, gilt repos and rapidly expanding artificial intelligence financing.
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Close Brothers is accelerating cost reductions as lending growth returns. Annualised savings reached about £36m in FY2026, with the specialist lender now targeting more than £60m by the end of FY2027.