Video games developer Keywords Studios has backed a £2.1 billion takeover offer in a move that will see yet another London-listed firm being taken private. Dublin-based Keywords, which is listed on London’s junior Aim market, has backed a cash bid worth £24.50 a share from Swedish private equity firm EQT.Continue Reading
Northvolt, Europe’s leading battery maker, is contemplating scaling back its ambitious expansion plans following significant setbacks at its gigafactory in Sweden. The company has launched a strategic review which may delay new factory projects in Canada, Germany, and Sweden. The Swedish company, which aims to reduce European dependency on ChineseContinue Reading
London-based DNEG, renowned for its work on films like Dune: Part Two and Oppenheimer, has achieved a valuation exceeding $2 billion following a significant fundraising round backed by a leading Abu Dhabi investor. The DNEG Group secured a $200 million investment from United Al Saqer Group, an Abu Dhabi-based conglomerateContinue Reading
The Welsh Labour government has welcomed a union’s decision to “avert an immediate crisis” by cancelling strike action at Tata Steel. Members of Unite were due to stage an all-out strike next Monday, but the industrial action was cancelled after the company said it would be forced to cease operationsContinue Reading
London’s top financial index closed at its lowest level for two months amid weakness across European trading. Sainsbury’s was one drag on the FTSE 100 after the retailer was impacted by lower sales at its Argos business and general merchandise arm. The FTSE 100 finished 45.56 points, or 0.56%, lowerContinue Reading
The founder of Hipgnosis Songs Management has announced he is stepping down as its chairman, as the former Beyonce and Sir Elton John manager said he wants to spend more time backing songwriters over fair pay. Merck Mercuriadis will leave the business once the music catalogue it manages, Hipgnosis SongsContinue Reading
Cleaning staff at more than half of Scotland’s councils could go on strike within weeks after a second union announced members have backed a walkout. Unite said its members at 16 of Scotland’s 32 councils have backed strike action in cleaning and waste services in a pay row. On Monday,Continue Reading
ElfBar and Lost Mary vape distributor Supreme has revealed it doubled its annual profit, as its boss insists it is “not concerned” about a potential future ban on disposable vapes. Supreme, which also makes and distributes products including batteries, light bulbs and protein powder, said it delivered a “record financialContinue Reading
A recent study by GRiD, the industry body for the group risk sector, has revealed that 34% of UK employers believe their staff are unaware of or do not understand the employee benefits offered to them. This includes a range of benefits such as pensions, healthcare, and group risk benefitsContinue Reading
Revolut made a record profit in 2023, as the UK fintech giant continues its long wait for a British banking licence. The company made a pre-tax profit of £438 million last year, up from a loss of £25 million in 2022, while revenue almost doubled to £1.8 billion. The London-basedContinue Reading
