UK business

UK business

Tata Steel says actively engaged with UK govt for financial support for business

  Indian steel major Tata Steel is actively engaged with the UK government for financial support for its business there, a company spokesperson said, amid...

Lord Bilimoria’s lenders set to receive payout as his Cobra beer business gets £2.3m...

Lenders to Lord Karan Bilimoria are on course to receive a payout from a £2.3 million dividend he received from his Cobra beer business...

Asda to acquire 132 Co-op retail stores for £600m

Blackburn’s billionaire Issa brothers continued their business expansion spree with the supermarket chain Asda, co-owned by them, striking a £600 million deal with the...

Indian meal kit brand Spice Tailor acquired by Premier Foods for £43.8 million

The Spice Tailor, a meal kits company founded by an Indian-origin couple, has been sold to Premier Foods for an initial consideration of £43.8...

Endless acquires UK’s largest edible oil supplier KTC

PRIVATE equity firm Endless has acquired KTC (Edibles), the UK’s largest edible oil supplier founded by entrepreneur Jernail Singh Khera. The acquisition will provide additional...

Mike Ashley’s Frasers Group buys Missguided for £20m

  ONLINE fashion retailer Missguided has been bought out of administration by Mike Ashley’s Frasers Group for £20 million, according to reports. Missguided, founded by Nitin Passi, fell...

Fast fashion brand Missguided on the verge of winding up

  FASHION retailer Missguided may call in administrators as early as Monday (30) as it is on the brink of collapse after being issued a...

London-based Ravi Deol acquires Diageo India brands

  UNITED SPIRITS LIMITED (USL), Indian subsidiary of Diageo, has announced the sale and franchising of selected brands to Inbrew Beverages for Rs. 8.2 billion...

SP Hinduja Bank Privée posts strong results under Karam Hinduja

  SP Hinduja Bank Privée  on Friday (20) announced strong results for 2021 and delivered good returns for clients and continued operational growth under CEO Karam Hinduja, the bank...

UK must act on cost-of-living crisis: Lord Bilimoria

  CONFEDERATION OF BRITISH INDUSTRY (CBI) president Lord Karan Bilimoria said the government must act on the cost-of-living crisis and help firms invest in uncertain...