Category : Search result: building society acquisition


CMA Launches Probe into Nationwide-Virgin Money Merger

The UK's Competition and Markets Authority has initiated a formal 'phase 1' investigation into the proposed £2.9 billion acquisition of Virgin Money by Nationwide Building Society, scrutinising potential impacts on consumer choice and competition.

$30bn Santos Takeover Collapses After Abu Dhabi Exit

A massive $30bn acquisition of Australian energy giant Santos by an Abu Dhabi-led consortium has been abruptly terminated, sending shockwaves through global energy markets and raising questions about the future of fossil fuel investments.

Bag a 5.16% Easy-Access Savings Rate Now

Savers can now earn over 5% interest without locking away their cash, as Furness Building Society launches a best-buy easy-access account. Discover how to boost your savings today.

Unilever sells Ben & Jerry's to Greenfield Partners

Consumer goods giant Unilever has offloaded the ice cream brand Ben & Jerry's to its long-time licensee, Greenfield Partners, following a protracted legal and political battle over its operations in Israel and the West Bank.

JD.com in £1.4bn Talks to Buy Argos from Sainsbury's

Chinese retail giant JD.com is in advanced talks to acquire Argos from Sainsbury's in a potential £1.4bn deal, a move that could reshape the UK's non-food retail landscape and mark a major strategic shift for the supermarket chain.

Chinese nationals exploit loophole to buy Texas land

An exclusive Guardian investigation reveals how Chinese investors are exploiting a US legal loophole to purchase vast tracts of Texas land, raising national security concerns and prompting calls for stricter oversight.

Sainsbury's in Talks to Sell Argos to China's JD.com

Sainsbury's is in exclusive negotiations to sell its Argos general merchandise division to China's JD.com in a landmark deal that could reshape the UK's retail landscape and mark a major strategic retreat for the supermarket chain.

Sainsbury's Sells Bank to China's Ping An in Strategic Shift

Supermarket giant Sainsbury's is in exclusive negotiations to sell its lucrative banking division to Shenzhen-based Ping An Insurance Group, marking a major strategic shift and a significant Chinese investment into the UK's retail banking sector.

Major Lender Bans 'Bank of Mum and Dad' Deposits

A leading UK mortgage lender has abruptly banned deposits funded by parental gifts, sparking outrage among first-time buyers and experts who warn it could slam the door on homeownership for an entire generation.

Next Acquires Cath Kidston in Major High Street Rescue

British retail giant Next has swooped to acquire the iconic Cath Kidston brand, saving it from administration and securing 125 jobs. The deal includes the brand, domain names, and intellectual property, but all UK stores will close permanently.

Samantha Cameron's Cefinn Label Acquired

The premium womenswear brand Cefinn, founded by former Prime Minister's wife Samantha Cameron, has been sold to private investment firm Level Five in a deal securing its future.

Anglo American Rejects £34bn BHP Takeover Bid

London-listed mining titan Anglo American has emphatically rejected a colossal £34 billion takeover proposal from Australian rival BHP, branding the bid 'highly unattractive' and opportunistic. The deal would have created a global mining behemoth.

BlackRock's £2.1bn Aletto Power Acquisition Finalised

Investment titan BlackRock secures a landmark $2.6 billion deal to acquire Minnesota Power's parent company, Aletto. This strategic move signals a major shift in energy sector ownership and raises pivotal questions about renewable investment and market co

Meet the 2025 Debutantes of Queen Charlotte's Ball

The iconic Queen Charlotte's Ball, the original debutante ball, has announced its 2025 cohort. Meet the young women from the UK and beyond preparing for a season of elegance, philanthropy, and tradition.

Teen coder sells AI app for millions in landmark deal

Exclusive: 18-year-old Zach Yadegari becomes an overnight tech millionaire after his revolutionary AI-powered keyboard app, 'TypeAI', is acquired by a major New York firm in a landmark seven-figure deal.

Debutantes Dazzle at London's Queen Charlotte's Ball

Step inside the exclusive world of London's high society as young debutantes don white gowns and tiaras for the annual Queen Charlotte's Ball, a centuries-old tradition marking their formal introduction.

John Lewis Resurrects Topshop in Surprise ASOS Deal

The John Lewis Partnership has acquired the Topshop, Topman, and Miss Selfridge brands from ASOS in a surprise move, planning to reintroduce the iconic labels to the British high street through its department stores and potentially Waitrose supermarkets.

Market Basket Mediation: Arthur T Demoulas Fights for Control

Exclusive: Arthur T. Demoulas, the ousted CEO beloved by workers, enters mediation in a dramatic final attempt to buy back the 50.5% stake of the Market Basket grocery chain and end the family feud that has paralysed the business.

Kraft Heinz Merger Faces Potential Split by Investors

Exclusive: The multi-billion pound Kraft Heinz merger is under intense scrutiny as major investors push for a potential breakup of the food and condiment titan. Analysts suggest a split could unlock significant value.

Couple face jail over illegal 'best man cave' in UK

A British couple could be imprisoned after illegally constructing a massive 10,000 sq ft entertainment complex, dubbed 'Britain's best man cave', in their garden, defying court orders and a lengthy planning dispute.

Royal Mail Profits Double Under Kretinsky's Takeover

Under Daniel Kretinsky's ownership, Royal Mail reports a dramatic profit surge to £348m, marking a stunning turnaround for the former state monopoly and silencing critics of the controversial acquisition.

Dwayne Johnson Plans UFC Purchase For Oscar Role

Hollywood megastar Dwayne Johnson discloses his ambitious plan to acquire the UFC as a strategic move to bolster his credibility for an Oscar-winning role, in a candid conversation with filmmaker Benny Safdie.

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