Citigroup Hires Deutsche Bank's Ord to Lead UK M&A
Citigroup has appointed Deutsche Bank's James Ord as head of UK M&A, signaling a strategic push to strengthen its advisory business in London.
Category : Corporate
GameStop's $55.5bn eBay Bid Rejected as Unattractive
eBay's board rejects GameStop's $55.5bn takeover bid, citing financing uncertainty and operational risks. GameStop shares fell over 12% after the offer.
Gordon Brown on Global Instability and Civic Renewal
Former PM Gordon Brown joins the Guardian to explore connections between global instability and civic decline, offering a hopeful roadmap for a more equitable world. Book tickets for in-person or livestream.
Ne-Yo: Polyamory Costs Him Work, Critics 'Mad'
Ne-Yo claims his polyamorous lifestyle has cost him job opportunities, saying the 'world is mad' about his multiple girlfriends and urging open-mindedness.
Ebay Rejects Gamestop's $56bn Bid as Not Credible
Ebay has rejected Gamestop's $56bn acquisition proposal, calling it not credible nor attractive. The board cited governance concerns and financing uncertainty.
Peltz Son Calls on Intertek to Accept £10bn EQT Bid
Matt Peltz, son of billionaire activist Nelson Peltz, urges Intertek to accept EQT's £10bn offer as shareholders clash over the board's refusal to sell.
Investec Shuts GP Advisory Unit After Less Than Three Years
Investec has closed its general partner advisory unit, which was launched less than three years ago, citing strategic review and market conditions.
Vodafone Pins Turnaround Hopes on UK After Three Deal
Vodafone reports better-than-expected annual revenue of €40.4bn, betting on UK growth after buying out CK Hutchison's stake in VodafoneThree.
HNWIs Challenge Private Equity in Sports Investment
Private equity has long dominated sports investment, but high-net-worth individuals and family offices are increasingly entering the market, driven by new opportunities and patient capital.
Terry Smith Sells Unilever Stake Over McCormick Merger
Star stockpicker Terry Smith sold Fundsmith's Unilever stake worth hundreds of millions, criticizing the McCormick merger as activist-driven and abandoning operational focus.
Grant Thornton Partner Pay Flat After Cinven Deal
Grant Thornton holds partner pay unchanged after Cinven investment, focusing on long-term growth and stability.
Cambridge Business School Seeks Saudi Defence Deal
Cambridge University's Judge Business School proposes a memorandum of understanding with Saudi Arabia's defence ministry, sparking alarm over human rights and academic freedom.
Senate to Confirm Kevin Warsh as Fed Chair
The US Senate is expected to confirm Kevin Warsh as Federal Reserve chair this week, succeeding Jerome Powell amid Trump's push to influence the central bank.
E.ON to Buy Ovo, Creating UK's Biggest Energy Supplier
German energy giant E.ON agrees to acquire struggling UK rival Ovo, creating Britain's largest supplier serving 9.6 million households, pending regulatory approval.
Burges Salmon Rolls Out Firm-Wide Legal AI Partnership
Burges Salmon expands partnership with legal tech startup Wexler firm-wide, aiding litigation by handling complex document tasks and reducing AI hallucinations.
Goldman Sachs London Bump Amid Brexit Uncertainty
Goldman Sachs reports a surprise increase in London office attendance, signaling a shift in post-pandemic work patterns and confidence in the City's future.
Navy to Spend £200k on Female Uniform Button Redesign
UK taxpayers will fund a £200,000 redesign of Royal Navy women's uniforms due to 'inappropriately placed' buttons at chest level, sparking debate over priorities.
E.ON Acquires OVO Energy in Major Deal
E.ON has agreed to acquire OVO Energy for an undisclosed sum, pending regulatory approval expected in H2 2026, aiming to create a larger, digitally native energy supplier.
SureCloud Launches AI Agent Team for GRC Operations
SureCloud unveils Gracie, a team of persona-based AI agents for GRC, automating tasks across risk, compliance, audit, and third-party domains to address capacity constraints.
London's Insurance Legacy: From Great Fire to Risk Summit
London's insurance industry, born from the Great Fire of 1666, now leads the world with a $187bn market. The inaugural Global Risk Summit highlights its role in managing complex risks.
JP Morgan Investors Urged to Split CEO and Chair Roles
Proxy advisers ISS and Glass Lewis back a shareholder resolution to separate the CEO and chair roles at JP Morgan, citing concerns over Jamie Dimon's dual power.
Intertek Investors Reject £10bn Takeover Bid
Major shareholders in FTSE 100 firm Intertek urge rejection of EQT's £8.9bn offer, saying the company is undervalued and a spin-off plan adds value.
Ashley Admits Role in JD Sports Car Park Leak
Mike Ashley reveals he masterminded the car park footage leak that led to Peter Cowgill's downfall at JD Sports, citing rivalry and respect.
Palantir's Brand Contamination Ruins the Classic Chore Coat
Palantir's corporate merch chore coat sparks outrage, as the surveillance firm's sinister reputation taints a beloved garment. Critics call for banning its Australian contracts.
Evolv Restaurants Revenue Soars 20% Despite Crisis
Evolv, formerly D&D London, reports 20% revenue growth to £151.6m, with EBITDA rising to £14.6m, despite hospitality challenges and restructuring costs.
Motor Finance Compensation Scheme Hangs by a Thread
The FCA warns lenders to prepare for no compensation scheme as legal challenges mount from Volkswagen, Mercedes-Benz, and others, threatening the motor finance redress plan.
South East Water CEO David Hinton resigns
David Hinton, CEO of South East Water, resigned after supply failures and a damning parliamentary report citing poor leadership and cultural issues.
Citi Wealth Overhaul: Trio of Senior Exits
Three senior executives exit Citi's wealth unit as part of a major overhaul, signaling a strategic shift to boost profitability and streamline operations.
Citadel Securities Hires Ex-Goldman Partner for EMEA
Citadel Securities appoints former Goldman Sachs partner as CEO of EMEA, strengthening its European expansion strategy.
Impax Asset Management Co-Head Leaves Client Group
The co-head of Impax Asset Management's client group has left the firm, marking a significant change in leadership as the sustainable investment firm continues to grow.
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