UK business

UK business

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...

Vistara starts daily flights from London to New Delhi

  INDIA’s Vistara has started daily direct flights from London to New Delhi as part of its plans to focus more on Europe, the company...

UK unemployment hits 48-year low but inflation squeezes pay

BRITAIN’S unemployment rate fell to its lowest since 1974 in the first three months of this year, but soaring inflation led to the biggest...

Delhi University graduate appointed to Bank of England

  CHANCELLOR Rishi Sunak has appointed a Delhi School of Economics alumna as an external member of the monetary policy committee (MPC) of the Bank...

Carillion collapse: KPMG fined £14.4m

  ACCOUNTANCY giant KPMG has agreed to pay a £14.4 million fine for giving false information to regulators prior to the collapse of construction group...