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News

  • April 12, 2024

Former Deloitte lawyer cleared by disciplinary tribunal

Following the conclusion of the case, the Tribunal found that the allegations against him were not proven.

  • April 12, 2024

Crunch time: Cérélia forced to sell Jus-Rol after court dismisses appeal

French pastry maker Cérélia has been ordered to sell frozen pastry Jus-Rol after losing an appeal against the competition watchdog. US based food company General Mills, which owns Jus-Rol, announced

  • April 12, 2024

Regulator warns firms over provisions for motor finance claims

It said it had "observed firms taking different approaches to account for the potential impact of previous use of DCA on their financial resources."

  • April 12, 2024

UK and Korea prepare for second AI safety summit in Seoul

The UK and the Republic of Korea are gearing up for the second Artificial Intelligence (AI) Safety Summit, set to be held in Seoul on 21 and 22 May.

  • April 12, 2024

Ferrero Rocher, Nutella and Kinder Surprise owner hails sales surge

UK sales have surged past £500m at the owner of confectionary brands such as Ferrero Rocher, Nutella and Kinder Surprise, according to new accounts.

  • April 12, 2024

Keir Starmer: Nuclear ‘triple-lock’ is ‘bedrock’ of Labour policy with 2.5 per cent of GDP for defence

Keir Starmer committed Labour to spend 2.5 per cent of UK GDP on defence while saying a commitment to nuclear weapons was a 'bedrock' of policy.

  • April 12, 2024

Petrofac mulls equity issuance as it battles to stay afloat

Oil and gas exploration company Petrofac currently remains "in discussions" with its lenders over restructuring its massive debts, suggesting options such as exchanging equity in the business.

  • April 12, 2024

R&Q Insurance expects large ‘adverse development’ on loss reserves

It announced in October that it had entered into a conditional agreement to sell Accredited, its programme management business, to private equity investment manager Onex Corporation.

  • April 12, 2024

Sigmaroc nets £214m revenue as chief hails ‘transformational’ CRH acquisitions

Sigmaroc has reported a strong first quarter, with its chief hailing a "transformational" €1bn deal to acquire a string of European lime businesses.

  • April 12, 2024

Competition watchdog issues warning on AI foundation models like ChatGPT

The CMA said it is concerned about the concentration of market power among a handful of incumbent technology giants' AI models.

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