LONDON: Aston Martin Lagonda Global Holdings PLC said Wednesday it has secured £550 million ($735.57 million) in new debt financing led by funds managed by BlackRock-owned HPS Investment Partners, strengthening liquidity at the loss-making luxury automaker. The financing consists of a £450 million senior secured term loan and a £100 million delayed draw term loan,…
LONDON: Kitwave Group plc, a leading UK delivered wholesale business, announced on Wednesday a recommended cash acquisition by Kite UK Bidco Limited, a newly-formed entity indirectly owned by funds managed by private equity firm OEP Capital Advisers, L.P. Under the terms of the deal, Kitwave shareholders will receive 295 pence per share in cash, valuing…
LONDON – Domino’s Pizza Group (DPG.L), the master franchise for the pizza delivery chain in the UK and Ireland, said on Monday that Chief Executive Officer Andrew Rennie had stepped down with immediate effect by mutual agreement. The board has begun a search for a permanent successor, the company said in a statement. In the…
LONDON/PARIS – The operator of the Channel Tunnel, Eurotunnel, said on Tuesday it faces a near 200% increase in its business rates bill from British authorities, a move it called “confiscatory” and a threat to its investment capacity in the UK. The planned hike, proposed by Britain’s Valuation Office Agency (VOA) as part of a triennial…
LONDON: The Board of Directors of Diageo plc has today appointed Sir Dave Lewis to the role of Chief Executive Officer and Executive Director, effective on 1 January 2026. Dave is a proven CEO with extensive marketing and brand building experience. He has an outstanding track record leading global consumer businesses, growing world-class brands, and…
LONDON: Victoria PLC (LSE: VCP), the international flooring group, announced Tuesday that Group CEO Philippe Hamers has proposed stepping down from his role around mid-2026, following nearly nine years of leadership and the successful completion of the company’s refinancing initiatives. The announcement comes after Victoria secured a new £130 million super senior credit facility and…
Revenue for the six months ended June 30 fell to £97.6 million, down from £100.6 million in the same period last year LONDON: INSPECS Group plc, a global eyewear designer and manufacturer, reported a slight dip in first-half revenue for 2025, citing macroeconomic headwinds and ongoing tariff disruptions affecting exports from China to the United…
LONDON: Eden Research plc, a sustainable biopesticide and biocontrol technology company, announced a strategic partnership with Royal Holloway, University of London, to advance its seed treatment product for cereals and vegetables. The collaboration, formed under Innovate UK’s Knowledge Transfer Partnership program, will leverage academic expertise and research facilities to broaden the application of Eden’s flagship…