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Tesco is selling two Central European supermarket businesses to Ahold. The €1.7bn transaction covers its Czech and Slovak operations, with completion expected in 2027 following regulatory approvals.
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HMRC is examining how Boston Consulting Group classifies UK partners. The investigation concerns limited liability partnership taxation and follows a significant Supreme Court ruling involving BlueCrest.
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TruFin has acquired Rockford Associates through its Oxygen Finance subsidiary. The £1.8m cash acquisition brings overpayment auditing in-house, with a further £200,000 conditional on earnings targets. Rockford serves more than 60 clients across public and private sectors.
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Northstarr has acquired United Pallet Network, expanding nationwide freight coverage. The Wolverhampton logistics group now owns UPN and Pallet-Track, which together handle more than 6.3 million pallets annually while retaining separate membership models and operating arrangements.
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IntelliAM has secured conditional investment for further industrial software growth. The Sheffield company has completed subscriptions for a £6.4m financing package, including a loan-note conversion, and plans to transfer its listing from Aquis to AIM subject to shareholder approval.
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Associated British Ports has acquired a Humber cargo handling specialist. Global Shipping Services handles more than 1.5 million tonnes of freight annually across Hull, Goole and Immingham, bringing additional heavy-lift, warehousing and project logistics capabilities into ABP’s national network.
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Mission Mars has secured new majority ownership for further expansion. Fynveur has acquired control of the Manchester hospitality group behind Rudy’s Napoletana and Albert’s Schloss, enabling BGF to exit its eight-year investment with a 3.75-times money multiple.
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S4 Capital has reduced its revenue outlook despite falling debt. Third-quarter net revenue declined 7.3% like-for-like, while net debt fell to £76m. The company expects its operational EBITDA margin to improve to at least 13.7%.
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Standard Chartered has raised its income outlook after quarterly growth. The bank’s third-quarter pre-tax profit reached $2.3bn, up 29% at constant currency, as wealth and financial markets income rose and credit impairment charges fell.
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MPs warn Sizewell C financing leaves consumers facing substantial risks. The Public Accounts Committee says a higher construction bill could mean £9.8bn in additional consumer payments during construction and £12bn over operation, while investors contribute only £30m more.