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Walgreens Boots Alliance, owner of the Boots pharmacy chain since 2014, is set to be acquired by US private equity firm Sycamore Partners for $10 billion (£7.7 billion). Sycamore’s offer of $11.45 per share, which represents an 8 per cent premium on Walgreens’ most recent closing price, stands in stark contrast to the $85 per […]
Pizza Express, one of the UK’s best-known casual-dining brands, is poised to receive a £30 million lifeline from its shareholders, according to reports from Sky News. Bain Capital, the private equity firm, is believed to be spearheading the funding to ensure the business can refinance its £335 million bond due for repayment next year. The […]
Sara Davies, the entrepreneur who made her debut on Dragons’ Den in 2019, has announced she will be stepping back from the BBC programme to focus on her own company. The 40-year-old businesswoman, who was the show’s youngest-ever female investor, revealed her decision on social media with a touching message to co-stars, the production team, […]
Chinese trade figures have taken a worrying turn, with imports tumbling 8.4 per cent over the first two months of the year. This decline, which predates the full impact of President Trump’s newly imposed 20 per cent levy on Chinese imports, undershot economists’ expectations of a modest rise. Although exports grew by 2.3 per cent, […]
European stock markets sank on Friday, losing momentum as conflicting signals from President Trump on tariffs left investors feeling uneasy. The pan-European Stoxx 600 index shed 1 per cent and looked set to halt its run of ten consecutive weekly gains. In London, the FTSE 100 slipped 0.4 per cent and is now down 1.7 […]
More than 120 women entrepreneurs formed a long queue outside Virgin Hotels London in Shoreditch, eager to pitch their business ideas to the “Elevator of Dreams” ahead of International Women’s Day. The initiative, spearheaded by Sir Richard Branson and entrepreneur Simon Squibb, allows founders to deliver a 60-second pitch via video doorbell in the hopes […]
UK service businesses have cut employment for the fifth successive month, according to the final S&P Global purchasing managers’ index (PMI) for February. The survey’s data highlight what economists describe as a “loss of growth momentum” since the autumn budget, with some firms citing the Chancellor’s £25 billion increase in employers’ national insurance as a […]
Ontario has taken the dramatic step of pulling more than 3,600 US-produced alcohol products from its Liquor Control Board of Ontario (LCBO) catalogue. Premier Doug Ford describes this as the province’s “first round of retaliation” against Donald Trump’s latest raft of tariffs targeting Canadian goods. As the exclusive wholesaler in the province, the LCBO’s decision […]
The Bank of England has cautioned that US president Donald Trump’s escalating trade tariffs will likely leave British households with less disposable income. Speaking before MPs, Governor Andrew Bailey described the risks to the UK and global economies as “substantial” and warned that any disruption to trade flows could reduce output and raise costs. Megan […]