Bliss Hotels secures £15m funding package - Autonomous Group

Bliss Hotels secures £15m funding package

19/3/2019


Bliss Hotels has secured a £15m funding package. The money will be use dto rebrand, and refurbish a site in Southport. The Ramada Plaza Hotel will be the first site to take on the new brand. In addition, Bliss will bring the brand to other UK sites at a later date. Read more about this […]

PrettyLittleThing Manchester HQ plans revealed

18/3/2019


Fashion retailer PrettyLittleThing has unveiled plans to take a vacant site in Manchester and transform it into its new headquarters. The site has been empty for almost 3 years, before which it was home to Springbank Flowers and Boohoo. Plans include a number of features to make an attractive workplace for PrettyLittleThing employees, including a […]

Daisy seals £1bn refinance

6/3/2019


Telecommunications group Daisy have reached a £1bn refinance deal. The deal with Ares Management Corporation will result in further expansion as the Daisy invest in cloud services. In addition, the funding also allowed chairman Matthew Riley to buy out one of the minority investors. Read more about this story: Insider Media BusinessCloud Data Economy Keep […]

Experian drops ClearScore acquisition


Experian, the information services group, have dropped their planned acquisition of ClearScore. The proposed £275m move was first announced in March 2018. However, in November 2018, the CMA challenged the move, saying it would reduce competition. Experian abandoned their plans as a result of this report, stating that they did not believe their plans would […]

M&S and Ocado agree joint venture

5/3/2019


Marks & Spencer have agreed a joint venture with Ocado to transform UK online grocery shopping. The move sees M&S acquire a 50% share in Ocado’s UK operations. The JV company will continue to trade under the Ocado name, and will combine the M&S range into Ocado’s existing range. Read more about this story: Insider […]

Morgan Sindall announces record profits

26/2/2019


Building firm Morgan Sindall has announced record preliminary results for the full year to 31 December 2018. Adjusted profit before tax increased 23% to £81.6m. In addition, revenues increased by 6% on the previous year, up to £2.9bn. Morgan Sindall are currently onsite on several high-profile jobs in the North West. Read more about this […]

Provident Financial receives £1.3bn takeover bid from NSF


Non-Standard Financial have made a £1.3bn takeover bid for their rivals Provident Financial. NSF believe they have the support of shareholders who own more than 50% of Provident Financial. The deal still requires approval by shareholders and regulators. NSF will complete a demerger of Loans at Home to receive approval from the CMA. Read more […]

P&O Ferries acquired by DP World

25/2/2019


Dubai-based company DP World have agreed a deal to purchase the holding company behind P&O Ferries. The deal, which also includes P&O Ferrymasters, values the company at £322m. The portfolio of DP World spans over six continents and more than 40 countries. Meanwhile, P&O Ferries operates 21 vessels across 11 ports. Read more about this […]

Dairy Crest in £1bn Saputo purchase deal


Saputo Dairy UK, subsidiary of Canadian dairy giant Saputo, has agreed a deal to purchase the share capital of Daisy Crest. As a result of the deal, Dairy Crest received a valuation of £975m. Saputo has operations in countries across the world, and is one of the top 10 largest dairy companies. Read more about […]

GB Group agrees £233m deal to buy IDology

14/2/2019


Listed data intelligence specialist GB Group has stuck a deal to acquire a US counterpart. The £233m deal will see them acquire fraud detection services specialist IDology. GB Group has already raised £160m through shares to help fund the purchase. The existing presence of IDology in the US market should see their new owners boosted […]

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