650+ Jobs at Risk as Unimetals Files for Liquidation
Over 650 UK jobs are in jeopardy after scrap metal firm Unimetals filed for compulsory liquidation. The company failed to secure a buyer after its 2023 acquisition.
Category : Corporate
Unimetals Recycling collapses, 650 jobs at risk
One of the UK's largest metal recycling firms, Unimetals Recycling, has collapsed into liquidation, putting approximately 650 jobs in immediate danger. Discover the full story behind the failure.
Novo Nordisk shares slide after Ozempic pill fails
Novo Nordisk shares slumped over 10% after its Ozempic pill failed to slow Alzheimer's progression in major trials. Read the latest on the pharmaceutical giant's market struggles.
Nando's posts £38.2m profit after years of losses
Nando's has returned to profit for the first time since 2016 with £38.2m, but warns Rachel Reeves' tax hikes threaten future performance. Discover the full financial turnaround.
BHP walks away from Anglo American takeover bid
Mining giant BHP has abandoned its latest attempt to acquire rival Anglo American, following a rejected approach. The failed bid reshapes the mining sector's consolidation landscape. Read the full analysis.
BHP walks away from Anglo American takeover
Mining giant BHP has ended its pursuit of Anglo American, leaving the path clear for Anglo's planned £39bn copper merger with Teck Resources. Discover the implications for the global mining sector.
Former Crypto Boss Builds Companies for Private Equity
Discover how a former cryptocurrency executive is now creating businesses specifically designed for acquisition by major private equity firms like KKR and Apollo. Learn about this innovative investment strategy.
Curve investor files legal challenge over Lloyds sale
IDC Ventures files High Court petition to block Curve's £125m sale to Lloyds, alleging governance failures wiped out £670m shareholder value. Read the latest developments.
Ashurst Capital Markets Lawyers Join Baker McKenzie
Two senior capital markets partners depart Ashurst for Baker McKenzie, marking significant recruitment win for the global firm's London practice.
Investment Association CEO Chris Cummings Steps Down
Chris Cummings announces departure from Investment Association after transformative seven-year tenure. Search for successor begins as industry faces regulatory challenges.
Clifford Chance AI redundancies hit London roles
Magic circle law firm Clifford Chance is making 55 London business services roles redundant, citing AI adoption and work moving to hubs. Read the full analysis.
Funeral directors left body decomposing for 36 days
Two funeral directors are on trial after leaving a pensioner's decomposing body in a leaky, unrefrigerated mortuary for over a month, a court hears. Discover the full story.
JPMorgan's New UK Private Bank Boss Begins Role
JPMorgan appoints new UK private banking head as wealth management expands. Discover the strategic moves shaping London's financial landscape.
Mitie revenue surges on shoplifting and AI demand
Outsourcing giant Mitie reports a 10.4% revenue surge to £2.7bn, driven by a shoplifting 'epidemic' boosting security services and soaring AI data centre projects. Discover the key figures.
MHA revenue up 13% after London listing success
MHA reports impressive 13% revenue growth to £56.1m following its London stock market debut. Discover how the accounting firm plans to expand its private equity and international services.
LionTrust profits fall 45%, targets £1.5m savings
LionTrust Asset Management reports 45% profit drop in H1 2024, launching strategic cost-cutting initiative targeting £1.5m annual savings amid market challenges.
George Osborne Considered for HSBC Chairman Role
Former Chancellor George Osborne is a candidate to chair HSBC. Could his political ties and advisory experience usher in a golden era for the banking giant? Read the full analysis.
PJT Partners hires 10 dealmakers for Nordic expansion
Investment bank PJT Partners is launching a significant Nordic expansion, hiring 10 senior dealmakers to capitalise on the region's growing M&A activity. Discover their strategic move.
Ex-WH Smith Finance Chief Withdraws from Greggs Role
Former WH Smith finance director Robert Moorhead withdraws from Greggs board position following damning audit report. CEO Carl Cowling steps down after profits overstated by £30m.
Cravath's City Lawyers Get £100k Bonuses
Cravath Swaine & Moore offers London lawyers special bonuses up to $150k as US law firms intensify competition for UK legal talent. Discover the impact.
Billionaire's Dating Advice Sparks Population Debate
Hedge fund billionaire Bill Ackman's viral pickup line 'May I meet you?' claims to solve population decline. Critics argue addressing social inequality would prove more effective than billionaire dating tips.
Paris Jackson Claims Estate Executors Pocketed $10M
Michael Jackson's daughter Paris alleges estate executors mismanaged $464 million and took excessive fees. Read the latest court filing details and responses.
Jupiter names former Santander UK CEO as chair
Asset manager Jupiter appoints Nathan Bostock, former Santander UK CEO, as new chairman effective immediately. Key leadership change signals strategic shift.
Preservation Capital plots £700m investment fund
London-based investment firm Preservation Capital launches ambitious £700 million fund targeting established businesses. Discover their unique investment strategy and market focus.
WH Smith CEO resigns after £30m accounting blunder
WH Smith boss Carl Cowling resigns immediately after an accounting failure slashes profit forecasts by £30m. Read the full story on the retail giant's turmoil.
Spencer Matthews Splits Business from Vogue Williams
Spencer Matthews and Vogue Williams have separated their business ventures in a surprising move. Spencer joins new agents while Vogue enters I'm A Celebrity jungle. Read the full story.
WH Smith CEO steps down after accounting scandal
WH Smith's chief executive departs immediately following a major accounting failure in its North American division that slashed profits and wiped nearly £600m from market value.
Bain Capital Continues Amber River Acquisition Pursuit
US private equity giant Bain Capital remains in active negotiations to acquire London wealth manager Amber River as the bidding process extends. Discover the latest developments.
Meta Wins Major US Antitrust Case
A US judge rules Meta does not hold a social networking monopoly, rejecting the FTC's bid to force the breakup of Instagram and WhatsApp. Read the full analysis.
Ubisoft: 'Full' Games Dying, UK Sales Decline
Ubisoft's UK report suggests traditional game sales are falling, favouring live service models. Discover the data and conflicting player survey results.
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