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Rio Tinto to acquire Arcadium Lithium for £5.12bn


By Dan McGrath

Mining firm, Rio Tinto, has had a $6.7bn (£5.12bn) takeover bid accepted for US chemical company, Arcadium Lithium.

Arcadium was formed in the merger between Livent and Australian company, Allkem, and boasts mining operations in Argentina and Australia, as well as processing facilities in the US, China, Japan and the UK


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Marston’s posts bump in sales to outperform market

Pub operator Marston’s has posted a 5.8% jump in annual retail sales to outperform the broader pub market

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Revolution Beauty posts ‘ugly’ first half results

Revolution Beauty has posted a 20% drop in sales in the first half of its 2025 financial year, in what one analyst described an "ugly" set of results

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Imperial Brands hikes 2025 shareholder returns

Imperial Brands has announced it will increase the amount it intends to return to shareholders in 2025 after revealing its trading performance was in line with expectations.

The Bristol-headquartered tobacco company said it would increase shareholder returns in FY25 to £2.8bn, revised upwards from a £2.4bn commitment in FY24

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Water companies ordered to return £158m to customers

Water companies have been ordered to return a collective £157.6m to customers via lower bills next year after the water regulator announced they had fallen behind on meeting key targets

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Vistry shares plummet as housebuilder issues profit warning

Vistry Group has seen its shares drop by almost a third as it warned its profits were set drop by a fifth

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Brooks Macdonald to acquire LIFT financial planning and DFM businesses

Brooks Macdonald has agreed to acquire LIFT-Financial Group and LIFT-Invest for up to £45m, subject to financial targets

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Pod Point announces change of CFO

Pod Point has announced that its chief financial officer (CFO), David Wolffe, is stepping down

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Shein’s UK arm hits £1.55bn in revenue in 2023

Shein UK has recorded revenue of £1.55bn in 2023, as the firm looks to float on the London Stock Exchange

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Rio Tinto in talks to acquire Arcadium Lithium

Rio Tinto has made an approach to acquire Philadelphia-based chemical firm, Arcadium Lithium

John Lewis Partnership CEO moves to non-exec role

The chief executive officer (CEO) at the John Lewis Partnership (JLP), Nish Kankiwala, will return to the role of non-executive, as part of an "ongoing transformation" at the firm
Tesco posts profit jump and ups full-year guidance

Tesco has posted a 15.8% jump in H1 adjusted operating profit to £1.6bn as the supermarket chain said a focus on value had helped it negotiate the cost of living crisis
Wetherspoons returns dividends for first time since COVID

Wetherspoons is set to pay out final dividends to shareholders for the first time since the COVID pandemic


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