Whitbread sells Premier Inn freeholds in £1.5bn plan
Whitbread, owner of Premier Inn, announces £1.5bn sale of hotel freeholds and £1bn capex cut to boost shareholder returns amid rising business rates.
Category : Business
Alphabet Surges, Meta Spending Unsettles Markets
Alphabet, Amazon, Microsoft, and Meta reported earnings. Alphabet soared on cloud growth, while Meta fell on higher spending plans. AI investments drive divergence.
Boutique Banks Eye Europe Growth Amid Deal Boom
Boutique investment banks are expanding in Europe, capitalizing on a surge in M&A and advisory deals, challenging larger rivals with specialized services.
FTSE 100 Live: Stocks Dip Ahead of BoE Rate Decision
The Bank of England is set to announce its interest rate decision today. Markets expect a hold but inflation concerns and geopolitical risks loom.
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Lazard Buys Campbell Lutyens for $575M
Lazard has agreed to acquire Campbell Lutyens for $575 million, boosting its private capital advisory capabilities. The deal strengthens Lazard's position in the growing private markets sector.
Diageo Launches Rare Series Scotch for Private Clients
Diageo unveils the Rare Series, a collection of five single malts including a 55-year-old Glenury Royal, targeting luxury whisky collectors with limited releases and exclusive experiences.
City Law Firms Tighten Equity Partnership Access to Protect Profits
City law firms are restricting equity partnerships to top performers, moving away from the all-equity model to protect profits and boost PEP, mirroring US firm strategies.
US tipping and doggy bags invade London restaurants
Gordon Ramsay's 20% service charge sparks debate as Andrew Neil slams US tipping culture. Jamie Oliver vows to change doggy bag policy after employee refused leftovers.
Green Pay Ratio: China-Thinking Even China Rejected
The Green Party proposes a 10:1 pay ratio between executives and junior staff, a policy that would cap CEO pay at £156k at Amazon, risking talent exodus and job losses.
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Blick Rothenberg: Small Business Tax Changes Won't Close Gap
Blick Rothenberg argues HMRC's consultation on close company tax rules will not reduce the tax gap, but instead increase complexity and costs for small businesses.
Assassin's Creed Needs Complete Overhaul, Not Remakes
Ubisoft's remake plans for Assassin's Creed highlight a stale franchise. To survive another decade, it needs creative reinvention, not nostalgia.
Lloyds Partners with Google to Build AI Agents
Lloyds Banking Group has partnered with Google Cloud to create an internal platform for AI agents, aiming to enhance efficiency and customer experience. The initiative includes a marketplace for deploying tools across teams.
Private Equity Wealth Deals Stall Amid AI Uncertainty
Private equity investors are delaying wealth management deals due to growing uncertainty around artificial intelligence, impacting deal flow and valuations.
Nordic Capital Eyes $1B Valuation for BMLL
Nordic Capital is in talks to acquire a majority stake in market data firm BMLL, valuing it at around $1 billion, signaling strong demand for data analytics in finance.
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London Gang Paid Muggers £300 Per Stolen Phone
A gang responsible for over half of London's phone thefts pleaded guilty. They paid runners £300 per phone, smuggling 40,000 devices to China for up to £4,000 each.
Woman dies in crash near Oval tube station
A woman in her 20s died after a lorry and cyclist collision on Kennington Park Road. The lorry driver, in his 50s, was arrested on suspicion of causing death by dangerous driving.
London Gang Paid Thieves £300 Per Phone in Smuggling Ring
A gang that handled over half of London's phone thefts pleaded guilty. They paid runners £300 per device, smuggling nearly 40,000 stolen phones to China.
BiGDUG Garage Floor Tiles: Double Set £581
Transform your garage with BiGDUG's discounted floor tile kit. Double garage set now £581, saving £194. Easy DIY installation, no adhesives needed.
Grant Thornton US Acquires Australian Sister Firm
Grant Thornton US is set to acquire its Australian counterpart, boosting its global advisory platform and expanding AI capabilities. The deal is valued at around $800bn.
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AstraZeneca Invests £300M in UK After U-Turn
AstraZeneca reverses course, investing £300M in UK operations after cancelling a £200M lab expansion due to drug pricing disputes. The move follows a US trade deal.
NatWest AGM Disrupted by Climate Protesters
NatWest's AGM was adjourned after singing protesters disrupted the meeting. The chair defended the bank's climate policy changes, but investors voted against his reappointment amid concerns of backtracking.
Somali Piracy Resurgence: Three Ships Hijacked in a Week
Three vessels hijacked off Somalia in a week, raising fears of piracy resurgence as naval forces divert to the Red Sea, adding to global shipping woes.
US Gas Prices Hit Four-Year High at $4.18 Per Gallon
US gas prices surged to $4.18/gallon, highest since 2022, as Iran talks stall. Brent crude hits $111/barrel. BP profits double to $3.2bn.
GM Expects $500M Tariff Refund, Raises 2026 Outlook
General Motors anticipates a $500 million tariff refund after the Supreme Court ruled some Trump levies illegal, boosting its 2026 earnings forecast to $13.5-$15.5 billion.
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Ex-NBA Player Damon Jones Guilty in Gambling Case
Former NBA player Damon Jones pleads guilty to conspiracy to commit wire fraud in a gambling probe involving over 30 arrests, including mobsters and basketball figures.
Barclays CEO Pledges Vigilance After Shadow Banking Hits
Barclays CEO CS Venkatakrishnan pledges stricter lending after £228m loss from MFS and £110m from Tricolor, but overall bank profits rose 3% to £2.8bn.
No 10 Dismisses Reeves Rent Freeze Plan
No 10 dismisses Rachel Reeves' reported plan for a one-year freeze on private rents, stating focus remains on cutting bills and backing renters amid cost of living concerns.
Paul Mosley, Development Economist, Dies at 79
Paul Mosley, a leading development economist who advised UN agencies and advocated for effective foreign aid, has died aged 79.
UAE's Opec Exit Reshapes Middle East Politics
The UAE's decision to leave Opec is a political and business move, reigniting tensions with Saudi Arabia and potentially strengthening US influence in the region amid the Iran conflict.
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UK Faces £35bn Hit and Recession Risk Over Iran War
Niesr warns Britain faces a £35bn economic hit and possible recession from the Iran war, downgrading growth forecasts and raising inflation fears.
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