Goldman Sachs beats expectations as investment bank shows signs of recovery April 15, 2024 A nascent recovery in investment banking helped Goldman Sachs outperform expectations, with quarterly profit rising 28 per cent to over $4bn in the first quarter of the year.
Inchcape to sell its UK retail operations for £346m April 15, 2024 Inchcape's UK retail operation employs 3,600 people and sells vehicles from 80 sites.
UK now second most targeted country for mergers and acquisitions March 28, 2024 The UK is now the second most targeted nation for mergers and acquisitions globally, behind only the US, as deals in the country have surged to $76.1bn (£60.2bn) so far in 2024. UK mergers and acquisitions have been 88 per cent higher than this time last year but are still below the values in the [...]
Mergers and acquisitions: UK deals dry to pandemic low amid ‘constrained’ conditions March 5, 2024 The number of UK mergers and acquisition (M&A) deals continued to fall in the final three months of 2023, with December seeing the lowest number since the coronavirus pandemic began. There were a total of 367 combined domestic and cross-border mergers and acquisitions in the fourth quarter of the year, down from 400 in the [...]
Capital One announces tie-up with Discover in $35.3bn deal creating payments giant February 20, 2024 "Our acquisition of Discover is a singular opportunity to bring together two very successful companies with complementary capabilities and franchises," said Richard Fairbank, founder, chairman and chief executive officer of Capital One said.
Revealed: Canada’s top dealmakers of 2023 February 14, 2024 2023 was not a vintage year for dealmaking in the City but there was still plenty of scope for dealmakers to ply their trade.
Parcel deliverer Yodel saved from brink by fast growing rival Shift February 13, 2024 Parcel delivery group Yodel has been saved from the brink of collapse by rapidly-scaling competitor Shift overnight.
UK M&A deals sink in 2023 as private equity surges February 7, 2024 UK Mergers and Acquisitions (M&A) fell sharply last year, declining by 17 per cent compared to a global decline of just six per cent. In total, the UK saw 3,628 M&A deals across 2023, compared to 4,362 the previous year, though this was still around pre-pandemic levels, data from PwC has revealed. In the second [...]
Financial deals set for rate-fuelled rebound from nine-year low, EY says January 16, 2024 Mergers between financial services firms could be set for a rebound this year despite UK deals slumping to a nine-year low in 2023, EY has said.
EMEA M&A Outlook: Optimism and Opportunity January 15, 2024 | City Talk M&A in the EMEA region seemed to have bottomed out in Q1 2023 and H2 slowed after a bustling Q2. But the outlook remains relatively optimistic and opportunities appear to be out there for dealmakers this year. Factors affecting M&A The past year saw multiple interest rate hikes, and the European Central Bank’s (ECB) efforts [...]
