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Euro News
Carlsberg taps into Gen-Z’s sweet tooth with Britvic buy
Business
Sky News
Crisis-hit Thames Water reveals when it may run out of cash
Crisis-hit Thames Water has warned its cash remains on track to run dry by the end of May next year due to a lack of new investment, forcing it to prepare a plan for its lenders.The country’s biggest water company, which serves almost a quarter of the population, previously said it had £2.4bn of liquidity …
Business
Sky News
Bank of England rate-setter casts doubt on August cut
Hopes of a summer interest rate cut have been knocked by a member of the Bank of England’s rate-setting committee.Jonathan Haskel said he wanted to keep interest rates on hold because inflation pressures remain in the jobs market, according to the text of a speech he is due to deliver at King’s College London later …
Business
Evening Standard
Online retail group Huddled buys control of beauty surplus firm Boop
Online retail firm Huddled has taken control of surplus beauty product seller Boop Beauty.London-listed Huddled, which owns Discount Dragon, said it has bought a 75% controlling stake in Boop.It told shareholders on Monday morning it will pay an undisclosed “modest sum”, with a commitment to inject further capital for growth.Boop is an online, direct-to-consumer retailer …
Business
Business Live
Accountancy firm Crowe welcomes black interns in diversity push
UK tax and advisory firm Crowe has taken on 11 black interns as part of a six-week-long paid programme aimed at boosting “equality of opportunity”. The company is working with the 10,000 Interns Foundation in a bid help more underrepresented young people into professional services. It is the third year Crowe has been involved in …
Business
Sky News
Chancellor announces mandatory housing targets ‘to get Britain building again’ – and lifts onshore wind ban
Rachel Reeves has announced mandatory housing targets and an end to the onshore wind ban to get “Britain building again”.The UK’s first ever female chancellor said Labour will create a new taskforce “to accelerate stalled housing sites in our country”. She promised her government would build 1.5 million homes over the next five years, as …
Business
Sky News
Carlsberg set to be UK’s biggest cask ale player as Marston’s and Britvic deals revealed
Not three weeks after Britvic turned down a takeover approach from Carlsberg as “significantly” undervaluing it and its prospects, the storied British soft drinks maker has decided to sell itself to the Danish brewing giant after all.A couple of things have happened to ensure the deal went through. Firstly, Carlsberg raised its terms from 1250p …
Business
Sky News
Metro Bank revives £3bn mortgage sale after investor bailout
Metro Bank is reviving plans to offload a multibillion pound mortgage months after an investor bailout rescued it from the brink of collapse.Sky News has learnt that the London-listed high street lender is working with Morgan Stanley on a process to raise capital from the sale of the mortgages. City sources said the size of …
Business
Evening Standard
Grangemouth should be home to energy industries of future, says Scottish Labour
Grangemouth should be a home for the energy industries of the future, Scottish Labour’s deputy leader has said, after Sir Keir Starmer pledged he would work to safeguard jobs there.Dame Jackie Baillie said her party and the SNP would collaborate as they tried to ensure the long-term future of the site.Hundreds of jobs are thought …
Business
Evening Standard
Ocado to build third robotic warehouse in Japan
Online supermarket Ocado has revealed plans to build its third robotic warehouse in Japan as part of its tie-up with Aeon in the country.The FTSE 250 listed group – which first struck a partnership deal with Japanese retail company Aeon in 2019 – said the new site in Kuki-Miyashiro will go live in 2027.It comes …
Business
Evening Standard
Carlsberg agrees £3.3bn takeover of Robinsons maker Britvic
Danish brewing giant Carlsberg has agreed a £3.3 billion deal to buy Robinsons squash maker Britvic.The UK soft drinks firm, which also makes J2O and Tango, told shareholders on Monday morning it will recommend the latest deal – which is valued at £4.1 billion when debts are taken into account – after rejecting a previous …
Business
Euro News
European markets prepare for French political turmoil

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