Latest News

Wood receives new £242m takeover offer from Sidara


By Dan McGrath

John Wood Group has received a new acquisition offer valued at £242m from UAE-based Sidara.

The engineering firm said that if a formal offer was proposed by the Dubai company, its board would be "minded" to recommend it to its shareholders


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Bain Capital sells esure to Belgian insurer Ageas for £1.3bn

Belgian insurer Ageas has agreed a £1.3bn deal to buy UK-based esure from private equity group Bain Capital for £1.3bn

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GDP grows by 0.5% in February

UK GDP grew by 0.5% month-on-month in February with growth recorded across all sectors, the Office for National Statistics (ONS) has revealed.

The latest results follow no growth in January, after the ONS revised its data from a 0.1% shrink

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BP’s net debt set to rise by $4bn

BP has forecast its net debt to be around $4bn higher at the end of its Q1 results, compared to Q4 2024

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Shein secures approval for London IPO

Shein has secured approval from the Financial Conduct Authority (FCA) for its planned London initial public offering (IPO), according to reports

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Tesco lowers expectations despite 10% operating profit jump

Tesco has lowered its profit expectations for the 2025/26 financial year, despite a 10.9% increase in its group adjusted operating profit

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L&G secures over £800m for smaller pension schemes

Legal and General Assurance Society Limited (L&G) has insured more than £800m of pension liabilities using L&G Flow, its tailored solution for smaller pension schemes

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EY fined £4.9m over Thomas Cook audits

EY has been fined £4.9m by the Financial Reporting Council (FRC) in relation to its audits of Thomas Cook before the travel company’s collapse in 2019

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South East Water Pension Scheme completes £120m buy-in with Just Group

The South East Water Pension Scheme has completed a £120m buy-in with Just Group, securing the benefits of around 700 pensioner and dependent members and almost 300 deferred members

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Dotdigital appoints new CFO

Software provider Dotdigital Group has appointed Tom Mullan as its new chief financial officer (CFO)

Assura agrees to KKR's £1.6bn offer

Assura has agreed to a takeover offer proposed by KKR, valued at just over £1.6bn
JD Sports holds expectations in ‘challenging market’

JD Sports expects its 2025 full-year profit before tax to remain in line with its guidance of £915m to £935m set in January, after operating in a "challenging market"
TT Electronics results hit by North American ‘challenges’

TT Electronics has reported a 5% drop in revenue in 2024, after growth in Europe and Asia was "offset" by its North American results
Saga profits up but lower forecasts ahead

Insurance company Saga has posted a pre-tax profit of £47.8m in its annual results, a figure up 25% on the previous year

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