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Peel has crossed the threshold required for Harworth’s planned delisting. Holdings and accepted offers together represent approximately 75.35% of shares, with trading on the London Stock Exchange expected to end on 12 November.
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Oxford photonics company Salience Labs has secured substantial new investment. Its $125m Series B will support manufacturing and expansion of optical switching technology for AI data centres, with backing from major semiconductor investors.
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New legislation aims to accelerate repairs across unsafe residential buildings. Proposed measures would strengthen remediation duties, enforcement arrangements and routes for recovering costs while addressing delays affecting property owners and residents.
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Mortgage lenders will gain flexibility over high-income-multiple home lending decisions. New PRA and FCA rules remove the 15% restriction at individual lender level while retaining a market-wide safeguard and existing affordability requirements.
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Brooks Macdonald reported positive client inflows for four consecutive quarters. Its platform portfolios continued attracting investment, although bespoke services still experienced net withdrawals.
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Dékuple acquired majority ownership of an established Italian marketing agency. The transaction extends its European network and combines creative services with marketing technology.
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Galderma agreed a major skincare acquisition to expand professional distribution. The transaction adds an established American brand to its international dermatology portfolio.
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Balfour Beatty has sold its longstanding stake in Gammon Construction. The £250m disposal gives Jardine Matheson full ownership of the Hong Kong contractor, with consideration paid in three instalments and Balfour Beatty concentrating further on UK and US operations.
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The IMF has raised its forecast for British economic growth. Its October outlook projects 1.3% expansion during 2026 and 1.2% in 2027, while warning about inflation, energy costs and expensive borrowing.
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LSEG has confirmed discussions about acquiring private-credit intelligence specialist Octus. The company is considering a transaction worth approximately $3.5bn, but no agreement has been reached and completion would require regulatory approval.