Deals & Capital Markets 4 hours ago
Windrose Electric said it aims to list in the United States this year through a SPAC transaction that would value the company at at least $2 billion and is intended to raise more than $200 million by year-end. The company said it made its first U.S. delivery in April.
Deals & Capital Markets 4 hours ago
Sky News, cited by Alliance News and AJ Bell on June 5, reported that Openwork Partnership, Söderberg and Advent International were shortlisted for Schroders' Benchmark unit. Perella Weinberg Partners is running the process, and the business was expected to be valued at up to £250 million during Schroders' agreed takeover by Nuveen.
Companies & Earnings 4 hours ago
Eni said it signed an agreement with Mercuria to create a 50/50 venture that will handle selected energy commercialization and trading activities, including oil, biofuels, natural gas, LNG and LPG, along with related logistics and infrastructure rights. Mercuria said the Geneva-headquartered platform is expected to start operating in 2027, subject to regulatory approvals.
Finance & Banking 4 hours ago
Lewis Silkin says it acts for Rockfire Investment Finance, in liquidation, in Quincecare claims against Royal Bank of Scotland, a NatWest Group entity, with the claim valued at around £180 million. The case relates to payment instructions connected to alleged fraud involving companies linked to Liam Kavanagh, with Thurrock Council identified as an investor.
Deals & Capital Markets 4 hours ago
The UK Competition and Markets Authority said on July 1 it referred nexfibre’s planned acquisition of Substantial Topco and units including Netomnia, Brsk, Brsk ISP and YouFibre for an in-depth inquiry. The referral followed a fast-track request from the parties, and the Phase 2 group must report by Dec. 15, 2026.
Companies & Earnings 4 hours ago
Associated British Foods said its sugar business expects a FY2026 adjusted operating loss of £25 million to £60 million after Q3 sugar sales fell 4%. It said higher gas cost expectations are pressuring the European outlook and could trigger onerous contracts, alongside lower European prices and rain-related production delays in Tanzania.
Finance & Banking 4 hours ago
In a July 1 ruling, the UK Supreme Court unanimously dismissed BlueCrest’s appeal over the tax treatment of senior LLP members, backing HMRC on the salaried members rules. The case covers 2014 to 2019 and involves about £142 million of PAYE determinations and £55.3 million of National Insurance liabilities.
Economy 5 hours ago
Manufacturing remained in expansion in the euro zone at 51.4, Japan at 54.8 and South Korea at 52.1 in June, while survey reports cited higher energy costs, shortages and shipping delays. Several PMI surveys were largely compiled before the June 17 U.S.-Iran ceasefire memorandum, limiting visibility on post-ceasefire conditions.
Energy & Commodities a day ago
In a Nov. 12, 2019 strategy update, ADNOC said it planned to shift Murban crude from a retroactive official selling price to forward pricing referenced to a futures contract, targeting implementation around Q2 2020 and tying the change to expanded shipping, storage and trading operations and a new Abu Dhabi exchange.
Central Banks & Policy a day ago
In a June 29 ruling, the Supreme Court held that Federal Trade Commission commissioners exercise executive power and cannot be shielded by statutory for-cause removal limits, allowing the president to dismiss them. The court said the decision does not resolve all agency structures and separately indicated the Federal Reserve has a distinct historical basis for independence.
Central Banks & Policy a day ago
In a June 29 ruling in Trump v. Cook, the Court denied the administration’s stay request, leaving a lower-court injunction in place and keeping Governor Lisa D. Cook on the Federal Reserve Board while the case proceeds. The opinion focused on procedural protections tied to the Fed’s for-cause removal standard and did not define cause fully.
Deals & Capital Markets a day ago
Comcast said it intends to separate its media operations, including NBCUniversal and Sky, from its connectivity and technology business through a tax-free distribution to shareholders. The company expects the transaction to close in about a year, subject to board, regulatory, tax and financing conditions, and plans investment-grade balance sheets for both companies.
Energy & Commodities a day ago
ScottishPower said households deemed unable to repay account for about one-third of sector debt and proposed pooling that portion for bank financing, with repayment spread over roughly 10 years. Ofgem reported domestic debt and arrears of £4.79 billion in Q1 2026, before a 13% price-cap increase from July 1.
Companies & Earnings a day ago
In the 16 weeks to June 20, 2026, Sainsbury reported like-for-like sales excluding fuel up 2.1%, down from 3.1% in the prior quarter. Total retail sales excluding fuel rose 2.7% to 9.153 billion pounds, with grocery up 3.6%, while general merchandise and clothing fell 3.7% and Argos sales slipped 0.5%.
