Edition:
United Kingdom

Yadarisa Shabong

Mercedes-Benz to lift Aston Martin stake to up to 20% by 2023

28 Oct 2020

Daimler unit Mercedes-Benz is to lift its stake in Britain's Aston Martin to up to 20% by 2023, making it one of the struggling British carmaker's largest shareholders, Aston said on Tuesday.

Manchester United count cost of coronavirus disruption

21 Oct 2020

Manchester United said its priority was to allow fans to return to its Old Trafford stadium safely after the impact of the coronavirus crisis pushed it to an annual net loss of 23.2 million pounds ($30.3 million).

Petra Diamonds shares fall on debt-for-equity deal

20 Oct 2020

Petra Diamonds has abandoned plans to sell the business in favour of a debt-for-equity restructuring, it said on Tuesday, sending its shares lower because of the deal's dilutive effect on existing stakeholders.

CORRECTED-UPDATE 2-Petra Diamonds shares slump on debt-for-equity deal

20 Oct 2020

Oct 20 Petra Diamonds has abandoned plans to sell the business in favour of a debt-for-equity restructuring, it said on Tuesday, sending its shares down as much as 18%.

Second potential G4S suitor swoops in amid GardaWorld's hostile bid

09 Oct 2020

Private security firm G4S said on Friday that U.S. rival Allied Universal has expressed interest in making an offer for the British company, which is currently in a hostile takeover battle with Canada's GardaWorld.

Cineworld brings down curtain on U.S., UK theaters; 45,000 jobs hit

05 Oct 2020

Cineworld, the world's second-biggest cinema chain, will close its UK and U.S. movie theaters this week, leaving as many as 45,000 workers unemployed for the foreseeable future as it fights to survive a coronavirus collapse in film-making and cinema-going. | Video

UPDATE 4-Cineworld brings down curtain on U.S., UK theatres; 45,000 jobs hit

05 Oct 2020

* Shares plunge as much as 60% to a record low (Adds S&P comments on AMC, chart, updates share move)

G4S rejects $3.81 billion hostile bid from private equity-backed GardaWorld

30 Sep 2020

Security group G4S on Wednesday rejected a cash offer by smaller Canadian rival GardaWorld that valued the British company at 2.97 billion pounds ($3.81 billion), weeks after it turned down a similar proposal.

World News