GoCompare snapped up in £600m deal: Magazine publisher Future swoops on price comparison website By Matt Oliver For The Daily Mail Published: 21:50 GMT, 25 November 2020 | Updated: 00:16 GMT, 26 November 2020 Britain’s biggest magazine publisher has swooped on the price comparison website Go Compare in a £600million takeover. Future, which owns dozens … Read more
Deliveroo signs Premier League director Claudia Arney as its first chairman ahead of market float By Daily Mail City & Finance Reporter Published: 21:51 GMT, 25 November 2020 | Updated: 21:51 GMT, 25 November 2020 Deliveroo has hired Claudia Arney ahead of its hotly anticipated stock market float next year. Arney, 49, becomes the food … Read more
Virgin Money sinks to a £168m full year loss after putting £500m aside to cover bad loans By Lucy White For The Daily Mail Published: 21:51 GMT, 25 November 2020 | Updated: 21:51 GMT, 25 November 2020 Virgin Money has sunk to a full-year loss after setting aside £501million to cover bad loans. The challenger … Read more
Turnaround specialist Melrose Industries was a steady riser on the FTSE 100 leaderboard as investors cheered a bullish update. Aggressive cost-cutting and a rebound in demand for car parts has helped steady the ship after a tumultuous start to the year. Melrose, which bought prestigious engineer GKN in 2018, was hit harder by Covid than … Read more
De La Rue ‘in discussions with several governments’ about producing Covid immunity travel documents By Lucy White For The Daily Mail Published: 21:51 GMT, 25 November 2020 | Updated: 21:51 GMT, 25 November 2020 Banknote maker De La Rue is in discussions with several governments about Covid immunity certificates as it hopes to play a … Read more
Magazine publisher Future agrees deal to buy the owner of price comparison site Go Compare for £594m Insurance mogul and GoCo chair Sir Peter Wood could net £50m from the deal Future also produces FourFourTwo, ProCycling, and Horse & Hound magazines Shares in the Bath-based firm have shot up over twentyfold in the last six … Read more
AA shares jump as roadside recovery group agrees seals £219m deal with two private equity firms – but there could be a ‘limited’ number of job cuts on the cards AA is being snapped up by Towerbrook and Warburg Pincus PE groups Shares in FTSE 250-listed AA have rose over 7% early this morning By … Read more
Virgin Money’s profits plummet as the lender braces for a £501m surge in bad loans stemming from the pandemic Virgin’s annual profits have fallen by 77% to £124m, results today have revealed End of furloughing and more mass job cuts on the cards next year Lender also thinks the housing market could slow once stamp … Read more
AA granted 24-hour extension to their £218m takeover talks with two private equity firms By Daily Mail City & Finance Reporter Published: 22:20 GMT, 24 November 2020 | Updated: 22:20 GMT, 24 November 2020 Takeover move: AA is in talks with private equity firms Towerbrook Capital Partners and Warburg Pincus The AA was last night set … Read more
Global rally fires Dow Jones to 30,000 for the first time as Footsie hits its highest level since June By Mark Shapland For The Daily Mail Published: 22:20 GMT, 24 November 2020 | Updated: 22:20 GMT, 24 November 2020 Stock markets around the globe shot higher as investors bet that a Covid vaccine would free … Read more