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2 weeks ago | 
today.westlaw.com | Sonia Cheema |Shashwat Awasthi
(Reuters) -Investment firm Gordon Brothers has acquired Pepco Group's struggling Poundland business for a nominal value and will invest up to 80 million pounds ($108.5 million) to help fuel its turnaround, the companies said on Thursday.
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2 weeks ago | 
zawya.com | Yadarisa Shabong |Shashwat Awasthi
Private equity firms KKR and Stonepeak Partners raised their offer for Britain's Assura on Wednesday to almost 1.7 billion pounds ($2.3 billion), topping a rival bid with their "best and final" offer for the healthcare real estate investor. The 52.1 pence a share offer, including dividends, trumps the 51.7 pence proposed by rival suitor Primary Health Properties last month.
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1 month ago | 
today.westlaw.com | Shashwat Awasthi |Savio D'Souza |Rashmi Aich
(Reuters) -British pest control company Rentokil Initial said on Wednesday it would sell its workwear, flat linen and clean room business in France to H.I.G. Capital in a deal that values the business at about 410 million euros ($463.8 million).
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1 month ago | 
ca.marketscreener.com | Shashwat Awasthi |Emma Rumney
Published on 2025-05-19 at 02:27, updated on 2025-05-19 at 07:20 (Reuters) -Diageo unveiled a plan on Monday to cut $500 million in costs and make substantial asset disposals by 2028, as the maker of Johnnie Walker whisky and Guinness beer looks to turn around its performance and reduce its debts. Cost cuts would come from changes to Diageo's trade investment and advertising spend, overheads and supply chain, finance chief Nik Jhangiani told investors.
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1 month ago | 
marketscreener.com | Shashwat Awasthi
Published on 05/15/2025 at 02:36 (Reuters) -National Grid booked a multi-million impairment charge on a paused U.S. wind project, but said on Thursday it was on track to invest 60 billion pounds ($79.74 billion) in energy networks through March 2029 and its results beat estimates. Its shares rose 2% to 1,038 pence by 0725 GMT, outperforming the wider market, which traded 0.5% lower. The renewable energy sector has been shaken by U.S. President Donald Trump's hostility to wind power.
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1 month ago | 
today.westlaw.com | Nivedita Bhattacharjee |Shashwat Awasthi |Barbara Lewis
(Reuters) -National Grid booked a multi-million impairment charge on a paused U.S. wind project, but said on Thursday it was on track to invest 60 billion pounds ($79.74 billion) in energy networks through March 2029 and its results beat estimates....
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1 month ago | 
reuters.com | Shashwat Awasthi |Emma Rumney
A woman poses with a cigarette in front of Imperial Brands logo in this illustration taken July 26, 2022.
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1 month ago | 
marketscreener.com | Joanna Plucinska |Shashwat Awasthi
(Reuters) -British Airways owner IAG reported better than expected first-quarter profit on Friday and maintained its outlook for 2025, with resilient demand helping to almost triple earnings year on year. Shares were up 2.5% at 0847 GMT, as analysts and investors expressed optimism about IAG's prospects and strategy, bolstered by a strong performance across its British Airways, Aer Lingus and Iberia brands.
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1 month ago | 
money.usnews.com | Shashwat Awasthi
By Shashwat Awasthi(Reuters) -Aston Martin will split the costs resulting from U.S. tariffs between the company and its customers, and will sell down its U.S. inventory while limiting shipments there, the luxury carmaker's chief executive said on Wednesday. CEO Adrian Hallmark told analysts and reporters the company was considering further steps to navigate the evolving tariff landscape and would communicate potential updates to its pricing strategy in mid- to late-May.
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1 month ago | 
marketscreener.com | Shashwat Awasthi
(Reuters) -Lloyds Banking Group's profits fell 7% in the first-quarter, hit by higher costs and impairment charges, and it set aside 100 million pounds ($133 million) for the impact of trade tariffs imposed by U.S. President Donald Trump. The broad economic outlook has become much more unpredictable as a result of the tariffs, prompting other major banks to warn about the fallout, including in terms of credit quality and loan demand.
