Headline News
Bundesbank slashes GDP forecasts, warns on impact of trade war
The German economy will shrink this year and stagnate over the course of 2025, said Bundesbank President Joachim Nagel, adding that a potential trade war with the US could hit GDP even more.
UK govt cuts NatWest stake to just under 10%
The UK government has cut its stake in NatWest to just under 10%, taking the bank one step closer to private ownership.
Rentokil rallies as Trian buys £31m worth of shares
Rentokil Initial rallied on Friday after activist investor Nelson Peltz’s Trian Fund Management bought 7. 5m shares in the pest control company for £31m.
Kosmos in 'very preliminary' talks over Tullow takeover
US-based Kosmos Energy has confirmed it is in "very preliminary" talks with Tullow Oil about a possible takeover of the oil and gas exploration company.
XXL to go ahead with rights issue as Frasers bid unlikely to succeed
Norwegian sportswear retailer XXL said on Friday that it would go ahead with a rights issue as a takeover offer from Mike Ashley’s Frasers Group’s was unlikely to succeed.
Boohoo urges shareholders to vote against Mike Ashley board appointment
Boohoo’s board responded to the latest chapter in its dispute with Frasers Group on Friday, opposing the latter’s desired board appointments, citing what it called “irreconcilable conflicts of interest” and accusing Frasers of selectively addressing governance requirements.
Royal Mail fined £10.5m for missing delivery targets
Royal Mail has been fined £10. 5m by the communications regulator Ofcom for failing to meet delivery targets for first and second-class mail in the 2023-2024 financial year.
UK economy unexpectedly contracts in October
The UK economy unexpectedly contracted in October, according to data released on Friday by the Office for National Statistics.