Prerna Bedi

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Articles

UK antitrust regulator to reopen Spreadex-Sporting Index deal probe

1 month ago | today.westlaw.com | Prerna Bedi |Maju Samuel

(Reuters) -Britain's competition watchdog said on Wednesday it would reconsider Spreadex's completed acquisition of Sporting Index's consumer-facing arm after the Competition Appeal Tribunal (CAT) overturned its previous decision.
HSBC to sell Bahrain retail banking operations as restructuring progresses

2 months ago | today.westlaw.com | Jan Harvey |Shilpi Majumdar |Prerna Bedi |Hadeel Al Sayegh

(Reuters) - HSBC on Tuesday agreed to sell its retail banking operations in Bahrain to Bank of Bahrain and Kuwait (BBK) amid a global restructuring at the bank. The deal will see a transfer of retail loans, deposits and accounts of about 76,000...
UK's Robert Walters Abandons Profit View in Tough Hiring Market

Jan 14, 2025 | gurutrade.com | Shashwat Awasthi |Prerna Bedi |Subhranshu Sahu

Jan 14 (Reuters) - Robert Walters said on Tuesday it no longer expects a profit for the year, after the British recruiter reported a 14% drop in fourth-quarter income from fees at constant currency due to challenging conditions in global hiring markets. "We now expect a broadly breakeven position at the profit before tax level for the full year," Chief Executive Toby Fowlston said in a statement.
PageGroup Warns on Profit again as France, Germany Woes Continue

Jan 13, 2025 | gurutrade.com | Shashwat Awasthi |Prerna Bedi |Sherry Jacob-Phillips |Kirsten Donovan

Expects FY profit at lower end of market view US earnings rise 3% but CEO cautions on sustainability Shares at more than 4-1/2 year low, drags peers lower Jan 13 (Reuters) - British recruiter PageGroup issued its second profit warning in six months on Monday, citing deteriorating conditions especially in France and Germany and continuing uncertainty in its other main markets.
More HSBC senior managers to go as CEO continues overhaul

Dec 5, 2024 | today.westlaw.com | Selena Li |Sinead Cruise |Prerna Bedi

HONG KONG/LONDON (Reuters) -HSBC announced a raft of senior management departures and appointments on Thursday, as CEO Georges Elhedery completed the first phase of a sweeping overhaul aimed at streamlining costs and improving decision making.
UK regulator to start in-depth probe into GXO's $962 million Wincanton deal

Nov 14, 2024 | today.westlaw.com | Abinaya Vijayaraghavan |Aby Koilparambil |Prerna Bedi

(Reuters) - Britain's competition regulator said on Thursday it referred GXO Logistics' acquisition of UK peer Wincanton to an in-depth investigation after the U.S.-based warehousing firm did not present remedies for competition concerns.
ForFarmers' UK poultry mill deal with Boparan could harm competition, UK regulator says

Nov 6, 2024 | today.westlaw.com | Prerna Bedi |Savio D'Souza

(Reuters) - British food maker Boparan Holdings' proposed deal to buy Dutch agricultural feed company ForFarmers' feed mill site in Burston could reduce competition in poultry supply in the area, the UK competition watchdog said on Wednesday.
Anglo to sell 33% stake in Australian coal assets for $1.6bn

Nov 4, 2024 | timeslive.co.za | Felix Njini |Prerna Bedi

Anglo American has agreed to sell a 33.3% stake in a joint venture that owns a 70% interest in the Jellinbah East and Lake Vermont steelmaking coal mines in Australia, for A$1.6 billion (R18.49bn). The deal marks the beginning of Anglo's wider plan to restructure its business by selling and divesting unwanted assets after fighting off a $49bn (R859.73bn) takeover bid from larger rival BHP Group in May this year.
UK watchdog probes Alphabet's deal with Anthropic

Oct 24, 2024 | today.westlaw.com | Martin Coulter |Aby Koilparambil |Prerna Bedi |Rashmi Aich

(Reuters) - Britain's antitrust watchdog launched a probe on Thursday into Google parent Alphabet's partnership with artificial intelligence startup Anthropic over competition concerns. Almost two years after Microsoft-backed OpenAI triggered an AI...
UK's Frasers buys 'significant' stake in African fashion retailer Hudson Malta

Oct 17, 2024 | zawya.com | Prerna Bedi

British sportswear and apparel retailer Frasers said on Tuesday, 15 October 2024, it has bought a "significant" non-controlling stake in Africa-focused sport and fashion retailer and distributor, Hudson Malta. The financial terms of the stake purchase were not disclosed, but Frasers said the agreement allows it to potentially acquire a controlling interest in Hudson in the future.

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