Experian, the global information services company, has agreed to buy Compuscan (CSH Group (Pty) Limited), one of the leading credit bureau and information services businesses in Africa for $263 million. Brian Cassin, Chief Executive Officer said: "We are delighted to announce that Experian has agreed to acquire Compuscan. We...
Unilever (ULVR) has agreed to buy GlaxoSmithKline’s Health Food Drinks (GSK HFD) in India for €3.3bn ($3.8bn). The agreement will increase Unilever's presence in the health-food market in high-growth emerging markets such as India. Horlicks and Boost The deal will see Unilever acquiring the popular hot malted beverage Horlicks and Boost brand, along with other...

Royal mail buys Dicom Canada

Royal Mail have bought Canadian parcel delivery company, Dicom Canada, for approximately £213 million. Dicom Canada, based in Montreal, Quebec employs 1,400 people and provides business-to-business parcel services across Canada, especially in the Eastern Canadian provinces of Ontario and Quebec.  'Capture higher growth segments outside Europe' Rico Back, Chief Executive Officer, Royal...
Underlying profit before tax increased by 10 per cent to £141.6 million Statutory profit before tax increased to £127.2 million, Underlying total income increased by 5 per cent to £343.0 million Virgin Money have reported a 10 per cent increase in underlying profits for the half year to 30...
Shares in John Laing Infrastructure Fund (JLIF) have soared by more than 18 per cent this morning after news of a possible buyout of the company. JLIF is one of Europe’s largest listed infrastructure funds, with a Premium Listing on the FTSE 250. The Board of JLIF and a consortium which comprises Dalmore...
Tesco have announced plans to form a long-term 'strategic alliance' with French company Carrefour. Carrefour is one of the largest hypermarket chains in the world, operating 12,300 stores across 30 countries and employs almost 375,000 people worldwide.. @Tesco and @CarrefourGroup to create long-term strategic alliance: https://t.co/lC3FDYkVBE — Tesco News (@tesconews) July 2,...
Carpetright have reported a pre-tax loss of £70 million for the year ending 28 April 2018. as the struggling retailer's revenue decreased by 3.0% to £443 million. Carpetright agreed to a Company Voluntary Arrangement (CVA) with its creditors in April and is set to close 81 of its stores. In what has been...
Saga have traded 'in line with expectations' for the period from 1 February to 31 May 2018. Saga branded retail insurance policies increased by approximately 1% year on year, supported by 30% and 14% growth in motor and home new business policies, respectively. Total retail insurance policies for the period were flat, due...
Debit cards payments have overtaken cash for the first time, according to the latest research from UK Finance. Debit cards were used 13.2 billion times in 2017, compared to 13.1 billion cash payments.  Almost two thirds of Britons now use contactless payments, with the number of payments doubling in one...
Drive for 'pace and simplicity' results in 4600 UK job cuts Rolls Royce have announced the next stage in their 'drive for pace and simplicity', resulting in the loss of 4600 UK jobs over the next 24 months. According to Rolls Royce's official statement, this is to create a 'simpler, leaner and more...

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