Unilever Offers $3.2bn to Boost Stake in Indian Unit
Unilever has decided to increase its stake to 67% in Hindustan Unilever
Ofgem Cracks Down on Cannabis Farm Power Theft
Ofgem proposed new rules to crackdown on electricity theft that costs the UK £200m annually
Vodafone and Orange Enter Fibre Optic Deal With Telefonica in Spain
Telefonica have signed an agreement with competitors Vodafone and Orange, allowing them access to its fibre optic network for faster broadband connections.
Pearson's Penguin Books to Merge with Random House
Germany’s Bertelsmann will own 53% and Pearson 47% of Penguin Random House.
Blackstone and Lion Capital to Make Joint Bid for GSK's Lucozade and Ribena
Drug manufacturer GlaxoSmithKline to focus on health care segment.
CCP Founder Hamish Ogston Terminates Acquisition Move and Quits Board
Ogston, with 57% stake in company, does not state any reason for move.
Central London Home Rentals Show Sharp Rise
Property prices increase 6.6% while average rents have fallen 0.4%.
Ministry Says No Power Cut in Britain
Britain's ministry of energy slammed the idea of power cut in Britain despite energy regulator Ofgem's warning
Church of England Eyes Buying RBS Branches for £1bn
Church Commissioners back bid to acquire 300 Royal Bank of Scotland branches.
Kenanga Holdings to Expand Stockbroking Business to Singapore
The Singapore Stock Exchange (SGX) has invited Malaysian investment Bank K&N Kenanga Holdings to start retail stockbroking operations in the country
Virgin Money Plans £1.5bn IPO on Back of Improved Performance
UK’s third-largest mortgage lender plans to raise funds from market.
Reliance Ropes in SumitomoMitsui and Nippon Life for Proposed Banking Outfit in India
Reliance Capital said it has roped in Japanese financial powerhouses SumitomoMitsui Trust Bank and Nippon Life Insurance to boost its bid for a banking licence in India
US Reclaims Title as Most Favoured Foreign Direct Investment Location
The US has reclaimed the title as the most favoured location for FDI after a 12 years.
UK’s Mobile Ad Market Growing at Rapid Pace, to Reach £1bn
Britain's mobile advertising market forecast to grow by 90%.
Henderson Partners With US Fund to Create $19.8Bn Real Estate Venture
European investment manager and TIAA-CREF to form real estate venture.
BIS: Governments Should Shed 'Whatever it Takes' Approach to Crisis
World's oldest financial institution says governments should take more central role in economic planning - and tackle public debt problem.
Rio Tinto Scraps Diamond Unit $1.3bn Sale Plan
Australian mining giant's plan hit by volatile commodity prices and swelling debt costs.
UBS to Surrender Banking Licence in India
Bank's decision follows similar moves by American competitors Morgan Stanley and Goldman Sachs.
Are Energy Bills Finally Coming Down? Ofgem Roll Out New Payment System
Ofgem, Britain’s electricity and gas market regulator, plans to roll out a new payment system in December, 2013, to help people reduce their energy expense
Mitsubishi UFJ Financial Group Buys Hedge Fund Butterfield Fulcrum
Mitsubishi UFJ Financial Group to buy hedge fund administrators Butterfield Fulcrum in a bid to expand its business globally.
BC Partners to Acquire German Publisher for €3.3bn
BC partners has agreed to buy German academic publisher Springer Science and Business Media from EQT and Government of Singapore Investment Corp. (GIC).
Ryanair Buys 175 Boeing Aircrafts Worth $15.6Bn, Promises to Create 3,000 Jobs
Ryanair, Europe's biggest low rate aircraft ordered for 175 Boeing 737-800 aircrafts at the Paris Air Show
Dumb Ways to Die Rides Popularity Train to Golden Lions at Cannes [VIDEO]
Catchy and cute Dumb Ways to Die, the animated ad scores first position at the Cannes Lions International Festival of Creativity
UK Retail Footfall Declines As Consumers Shun High Streets and Shopping Centres
The number of people visiting shops in the UK has dropped by 0.7% in May from previous year, said a report published by trade group British Retail Consortium (BRC) and Springboard.
