FirstCash raises offer for Ramsdens to £232m
FirstCash has increased its bid for Ramsdens to about £232m, a 49% premium, following shareholder talks. Ramsdens also boosted profit expectations amid high gold prices and strong loan demand.
Category : Corporate News
British Steel Nationalised: Government Takes Over
The UK Government has taken British Steel into public ownership to protect steelmaking at Scunthorpe, with former Chinese owner Jingye seeking compensation.
Knighthead inject £72m into Birmingham City via SCL
Birmingham City received a £72m cash injection from owners Knighthead via new shares in Shelby Companies Limited, following a £34.6m pre-tax loss.
Newport Hotel Closure Warning Over Ground Lease Dispute
Garrison Barclay Estates warns the award-winning Mercure hotel at Chartist Tower may close unless Newport Council agrees to a new ground lease reflecting post-Covid realities. The hotel generates £10m annually for the city.
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New Occupier Sought for Former BAE Brough Factory
Property consultants Knight Frank are marketing 230,000 sq ft of former BAE Systems fighter jet factory space at Humber Enterprise Park, Brough, after a multimillion-pound refurbishment.
Sky Buys ITV Media Arm for £1.6bn; No Job Guarantees
Sky acquires ITV's Media and Entertainment division for £1.6bn; executives warn no guarantees on jobs as duplication may lead to redundancies over several years.
Welsh Gov Pulls £100m PR Contracts
The Welsh Government has decided not to sign off on two contracts worth nearly £100m for media buying and PR services, leaving selected firms facing uncertainty.
Sky Buys ITV Broadcasting Arm for Up to £1.6bn
Sky has agreed to acquire ITV's broadcasting division for up to £1.6bn, ensuring ITV shows remain free and public service broadcasting is safeguarded.
Swansea and Cardiff BIDs Win Ballot Mandates for Five Years
Business improvement districts in Swansea and Cardiff have secured overwhelming mandates for another five-year term, with Cardiff expanding to include the Bay area.
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BMO to Acquire Euroz Hartleys Capital Markets Business
BMO Financial Group has agreed to acquire the capital markets business of Euroz Hartleys Group for approximately A$80 million, expanding its Australian operations.
Vaughan Gething takes N3XUS board role
Former First Minister Vaughan Gething has been appointed as a non-executive director of N3XUS, a firm helping governments and companies implement ESG strategies.
UK Steel Tariffs Will Make British Companies 'Can't Compete'
Everhot's boss urges government to reconsider steel tariffs, citing rising costs and fears that UK firms cannot compete globally.
New Petrol and Diesel Rules Will 'Decimate' UK Car Industry
Sir Keir Starmer urged to soften 2030 petrol and diesel ban as reports suggest EV sales targets may be halved to 50% by 2030.
HMRC Delays Mandatory Payrolling of Company Car Benefits
HMRC has delayed the full introduction of mandatory payrolling for benefits in kind, phasing in company cars and vans from April 2027 and other benefits from April 2028.
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Honey Legal and Portcullis Formal Partnership
Honey Legal and Portcullis have announced a formal partnership, combining expertise to offer enhanced legal and property services across Birmingham.
Cadbury Probes Discoloured 99 Flakes After Vendor Complaints
Cadbury launches an investigation into discoloured 99 Flakes after ice cream van owners report a white tinge making them unsellable, likely due to improper storage during the UK heatwave.
Space Forge Gets £10M for Reusable Heat Shield Tech
Cardiff-based Space Forge has secured £10m from the European Space Agency to develop Pridwen, a reusable fold-out heat shield for returning materials from space.
Grimsby's Dee Bee Wholesale bought by Bestway Wholesale
Dee Bee Wholesale, a family-run business in Grimsby and Hull, has been acquired by Bestway Wholesale, strengthening the London firm's presence in Yorkshire and Lincolnshire.
Banks Group Returns to Profit in 50th Year
County Durham's Banks Group returns to profit with turnover up to £43.4m, driven by mining, homes, and property divisions, while investing for future growth.
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Chase Bank Doubles Cashback to 2% for UK Customers
Chase Bank will increase cashback on debit and credit cards to 2% from July 1, but customers must meet new criteria including 15 monthly transactions and £1,000 in savings.
Valero Commits to Long-Term Port of Cardiff Lease
Valero signs new long-term lease with ABP for its 12-acre liquid fuels terminal at Port of Cardiff, safeguarding jobs and fuel supply for South Wales.
Nominate Rising Stars for ProCon Property Award 2026
Employers can nominate young professionals under 30 for the Pam Allardice Rising Star of the Year award, part of the 2026 ProCon Awards in Leicestershire and Rutland.
Emma Holt Named CEO at Greater Manchester Chamber
Greater Manchester Chamber of Commerce names Emma Holt as new CEO, bringing legal and academic expertise to lead the organization.
Rhodri Talfan Davies Named BBC Deputy Director-General
BBC veteran Rhodri Talfan Davies, with over 28 years at the corporation, has been promoted to deputy director-general, overseeing editorial strategy and public trust.
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PwC Probed Over WH Smith Audit After £50m Scandal
The Financial Reporting Council investigates PwC's audit of WH Smith following a £50m profit overstatement in its US division, with the retailer also under FCA scrutiny.
Aston Villa Should Not Block Martinez Exit If He Seeks Move
Emi Martinez has achieved his goals at Aston Villa, including winning a trophy and Champions League football. If he wants a new challenge this summer, the club should consider letting him go.
Emirates Employee Helped Smuggle £30M to Dubai
An Emirates employee assisted a crime family in smuggling £30 million in cash to Dubai, highlighting security lapses and organized crime.
KPMG and Billington Join The Plaza, Liverpool
KPMG, Billington Group, and Hoxton Wealth have signed leases at The Plaza in Liverpool, pushing occupancy to 97%. The building recently underwent a £3.7m refurbishment.
Birmingham City Director of Football Search Updates
Craig Gardner has stepped down as Birmingham City's Director of Football. The club has begun searching for his successor, with high-profile candidates linked.
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Aston Villa Transfer Update: Rogers, Winger Search, Rashford
Aston Villa's summer transfer window priorities include selling assets to boost spending, reducing squad age, and adding pace in wide areas. Key decisions loom on Martinez, Rogers, and Rashford.
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