Direct Line shares surge after £3.3bn Aviva takeover approach
Shares in Direct Line surged as much as 40 per cent on Thursday morning after the insurer rejected a £3.3bn takeover approach from larger rival Aviva.
Coventry Building Society to take over Co-op Bank in January
Regulators have given the green light for Coventry Building Society to acquire The Co-operative Bank in January as consolidation sweeps through Britain’s mid-sized banking sector. The two lenders sa
Dr Martens swings to the red but shares spike with analysts positive on future growth
Despite a pre-tax loss from Dr Martens, analysts have remained positive on its future growth prospects as it cuts costs and shakes up its leadership team. The boot-maker told markets this morning that
Impax profit drops as ESG-focused asset manager looks forward to Trump’s return
ESG-focused Impax Asset Management has reported a fall in profit and continued outflows but said Donald Trump’s return to the White House could help its portfolios deliver “excellent returns”. T
Morrisons expands use of Ocado’s grocery-picking software in store
Ocado has announced it will work more with Morrisons in-store and less via fulfilment centres as the latter company recalibrates the operations of its online grocery arm. Morrisons, which has been wor
Cosy Club owner Loungers snapped up by Fortress for £338m
Fortress will offer 310p per share, which is a 30 per cent premium to Loungers' closing price yesterday and above its highest ever trading price.