Mondi pulls out of DS Smith bidding war in win for US buyer
Packaging giant Mondi has walked away from a bidding war for its smaller rival DS Smith, paving the way for Memphis-based International Paper to snap up the firm in a £5.8bn deal.
Virgin Atlantic Holidays makes first profit since 2018 as luxury travel to Florida and the Caribbean recovers
Virgin Atlantic Holidays returned to making a profit for the first time since 2018.
Growing comms agency picks up Texan investment as part of scaling push
A US-based investor in data-led firms has made its first investment outside of its home country in London-headquartered strategic comms agency Williams Nicolson.
Diesel slips into red as challenging conditions slow growth at fashion brand’s UK arm
The UK arm of fashion brand Diesel slipped into the red in 2023 as the challenging economic conditions impacted its finances.
Russia bans managing partner of City firm Fieldfisher for Kremlin sanction work
The Foreign Ministry of Russia has banned several British lawyers from Fieldfisher including the firm's managing partner for their role in applying the mechanism of sanctions against the country
Thames Water won’t be drawn on secret nationalisation plan and 56 per cent bill rise claims
Britain's biggest water firm, Thames Water, which has built up a mammoth £18bn debt pile, is under severe pressure to come up with fresh funding or face either collapse or being taken into public own
‘Moral mission’: Sunak to reform benefits system in fight against long-term sickness
Rishi Sunak has announced plans to reform Britain’s disability benefits system in what he called a “moral mission” to address the rise in long-term sickness.
Advice from an investor — How to find the right funding options for your start-up
Xavier Collins takes the pen this week, giving his two cents on how to find the right funding options for your start-up.
Taylor Swift surprises fans with secret ‘double album’ edition of her new record
Taylor Swift has surprised her fans by releasing a secret “double album” instalment of her new record The Tortured Poets Department, which is thought to hint at her break-up with British actor Joe
Novacyt: UK Government’s £135m lawsuit against Covid-19 test-maker set for trial
Biotech firm Novacyt will be in the English High Court in June as it is set to defend itself against the UK Government's £135m lawsuit over covid tests