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British institutions are committing more capital to home-grown technology scale-ups. British Business Bank and NatWest have expanded their backing of Phoenix Court as the UK seeks deeper domestic growth capital.
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Crosta Mollica is merging into a billion-euro European pizza group. The combination with European Pizza Group brings together Crosta Mollica, Wagner, and Buitoni while retaining separate operating businesses initially.
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Airtel Money plans a London flotation after earlier market delays. The mobile-payments business could be valued at up to $9bn, providing a substantial test of renewed demand for UK public listings.
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UK competition regulators are gathering views on KONE’s TKE deal. The CMA has opened preliminary information gathering but has not yet begun a formal phase-one investigation.
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Private equity bidders are circling Canaccord’s British wealth management arm. CD&R and Warburg Pincus are in advanced discussions over a potential £1bn-plus acquisition.
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UK borrowing exceeded official forecasts again in August, tightening finances. Public sector borrowing reached £18.3bn, while the financial-year total ran £8.1bn above the OBR forecast.
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Alpha TR has launched with £40m transactional-risk capacity per policy. The London MGA is targeting private-capital deals outside the US with backing from AXA XL and Probitas.
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Repeated NATS failures have renewed scrutiny of UK aviation resilience. Separate incidents within 13 days have forced airlines and airports to absorb further cancellations, recovery costs, and passenger disruption.
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DCC Energy shareholders have approved the proposed private-equity acquisition scheme. The £5.75bn deal backed by Energy Capital Partners and KKR still requires Irish High Court sanction and satisfaction of its remaining conditions.
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Taboola has agreed a takeover of UK adtech group Dianomi. The deal provides about £19m upfront and could reach approximately £27m if publisher-transfer and revenue conditions supporting the contingent consideration are met.