‘Marmite situation’ for GSK investors as Unilever bids spark potential bidding war January 17, 2022 Analysts have predicted a potential bidding war erupting for GSK’s consumer arm.
Unilever share price dives 7 per cent as £50bn battle for GlaxoSmithKline’s consumer business begins in earnest January 17, 2022 The main City story this morning is the £50bn bid by Unilever for GlaxoSmithKline’s consumer healthcare business, of which it owns a 68 per cent stake along with Pfizer, which Glaxo said it had rejected. “No doubt in the hope that Unilever will come back with a higher offer, with the sum of £60bn being [...]
UK construction companies collapse in their hundreds as costs rise January 17, 2022 Hundreds of UK construction companies are collapsing each month amid rising costs, supply chain disruption and labour shortages.
Hydrogen specialists CPH2 announce plans to list on London Stock Exchange January 17, 2022 Clean Power Hydrogen has announced plans to trade on the AIM market of the London Stock Exchange with a £50m fundraiser.
Darktrace shares dive after short seller ShadowFall bets against tech darling’s stock January 17, 2022 Shares in tech darling Darktrace plunged this morning after reports emerged of short seller ShadowFall betting against the stock.
Crude awakening: Oil prices climb as supplies tighten and fears of Ukraine invasion rise January 17, 2022 Oil prices are on the rise this morning amid tightening supplies and White House fears of a Russian invasion of Ukraine.
Record waiting time: Brexit triggers tsunami of trade mark applications as UK firms rush to protect intellectual property January 17, 2022 Brexit has triggered a record number of applications for trade marks in the UK, with 195,000 registered in the past year, up 54 per cent from 127,000 the year before, according to data shared with City PM today. Waiting times for trade mark applications reached three to four months in the early part of 2021, [...]
Unilever offer for GSK consumer arm is short by £5bn say analysts January 17, 2022 Unilever’s rejected £50bn offer for Glaxo Smith Kline’s (GSK) consumer business falls short according to market analysts. Marmite maker Unilever has had three unsolicited offers rebuffed by GSK including a bid made last month which comprised of £41.7bn in cash and £8.3bn in company shares. Analysts have questioned the financial reasoning behind Unilever’s bid with [...]
Second homeowners who flipped holiday home set to pocket £191m despite upcoming crackdown January 17, 2022 About £191m of new pandemic grants from the Government is coming to second homeowners’ pockets, for those who flipped their holiday homes into letting businesses. The revelations come despite a new crackdown, announced at the end of last week. Councils across England have started distributing £635m in grants to businesses affected by the Government’s Plan [...]
Big Yellow Group plots return to normal with 30 per cent revenue boost as pandemic conditions ease January 17, 2022 Self-storage specialists Big Yellow Group have reported a 30 per cent revenue boost in its third quarter update.
