moneymarkets

After Unilever makes shock offer, rival bidders circling GSK consumer arm

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GlaxoSmithKline’s consumer arm could be thrust into a full-blown bidding war after rejecting three offers from Unilever at the end of last year It is understood Unilever is preparing a fourth offer for the business  Bidding war could attract private equity firms GSK boss Emma Walmsley is planning to list the consumer healthcare arm  GSK … Read more

Fever-Tree overtakes Schweppes as America’s leading tonic water brand

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Fever-Tree overtakes Schweppes as America’s leading tonic water brand in huge success for UK firm By Daily Mail City & Finance Reporter Published: 21:50 GMT, 16 January 2022 | Updated: 21:50 GMT, 16 January 2022 Fever-Tree has overtaken Schweppes as America’s leading tonic water brand in a huge success for a UK firm.  The breakthrough … Read more

Workers at Heathrow threaten to strike during February school holidays

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Travel firms braced for ‘sucker punch’ as workers at Heathrow threaten to strike during February school holidays By Alex Lawson, Financial Mail On Sunday Published: 21:50 GMT, 15 January 2022 | Updated: 14:48 GMT, 16 January 2022 Travel firms are braced for a ‘sucker punch’ as workers at Heathrow threaten to strike during next month’s … Read more

Unilever to trigger talks on £50billion GlaxoSmithKline megadeal

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Consumer goods giant Unilever is working on a £50billion megadeal to buy part of rival GlaxoSmithKline, an acquisition that would transform the group.  GSK revealed last night that Unilever had made three approaches late last year – the third for £41.7billion cash and £8.3billion shares.  Unilever, 92-year-old owner of Lipton tea and Ben & Jerry’s … Read more

Financial Conduct Authority faces legal threat in rate scandal

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City regulator could face legal action after confirming it will not seek further compensation for businesses mis-sold toxic interest rate hedging products By Luke Barr, Financial Mail On Sunday Published: 21:50 GMT, 15 January 2022 | Updated: 14:31 GMT, 16 January 2022 The Financial Conduct Authority faces the prospect of legal action after it confirmed … Read more

Lloyds to buy back £1bn of its own shares

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Lloyds Banking Group poised to buy back about £1bn of its shares from next month as it begins a sweeping new strategy under Charlie Nunn Announcement will come alongside bank’s first full-year results under new boss  Repurchase programmes boost the value of remaining shares Bank revealed in October that it had more than £4billion in … Read more

Blackrock becomes first public money manager to oversee $10tn

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Blackrock becomes first public money manager to oversee $10tn of assets as US finance giants report bumper profits By Daily Mail City & Finance Reporter Published: 22:03 GMT, 14 January 2022 | Updated: 08:53 GMT, 15 January 2022 Blackrock became the first public money manager to oversee $10trillion of assets as US financial giants reported … Read more