Headline News
Standard Chartered adds industries team to M&A unit, cuts jobs
Standard Chartered has folded its industries coverage team into its mergers and acquisitions (M&A) advisory unit, it was reported on Monday, resulting in the elimination of over 20 positions globally.
OPEC trims oil demand growth forecasts for 2024 and 2025
The Organisation for Petroleum Exporting Countries trimmed its forecast for oil demand growth in 2024.
Royal Mail parent IDS to offload US freight divisions
Royal Mail parent International Distribution Services (IDS) announced on Monday that its parcel services subsidiary, GLS, would sell its US freight divisions to California-based DC Logistics.
Apax Global Alpha details take-private plans for Thoughtworks
Apax Global Alpha (AGA) updated the market on the planned take-private transaction of technology consultancy Thoughtworks on Monday.
IG Group launches first £75m tranche of share buyback programme
IG Group kicked off the first tranche of its new share buyback programme on Monday, having announced plans to repurchase up to £150m of shares on 25 July.
IWG repurchases £37m principal of convertible bonds
International Workplace Group announced on Monday that it has repurchased £37. 2m in principal amount of its £350m 0. 5% convertible bonds due 2027.
BT Group welcomes Bharti Global's purchase of Altice's stake in carrier
BT Group welcomed news that Bharti Global had acquired Altice UK's 24. 5% stake in the telecoms carrier.
Marshalls still confident despite tough first half
Landscaping and building products and supplier Marshalls reported a 13% decline in revenue for the first half on Monday, amounting to £306. 7m.
BoE’s Mann says wage growth still a concern for inflation - report
Catherine Mann, an external member of the Bank of England’s monetary policy committee, has said the UK should not be "seduced" into thinking the battle against inflation is over after a short-term drop in the headline measure targeted by the Bank.