Rio Tinto said it intends to purchase Arcadium Lithium for $5.85 per share Arcadium Lithium was formed in January from the merger of Allkem and Livent By Harry Wise Updated: 16:30 BST, 9 October 2024 Rio Tinto has agreed to acquire Arcadium Lithium in a $6.7billion (£5.1billion) deal, which is set to make the FTSE…
By This Is Money Updated: 13:56 BST, 9 October 2024 London-listed packaging giant Mondi is set to expand in Western Europe after striking a €634million deal with Schumacher Packaging. It follows Mondi’s abandoned takeover bid for London-listed rival DS Smith, which is set to be acquired instead by American rival International Paper. Mondi told investors…
By Emily Hawkins Updated: 22:06 BST, 8 October 2024 TV star Shaughna Phillips, Shein’s UK sales hit £1.55bn compared to £1.12bn over a 16-month period the year before Sales at Shein’s UK arm topped £1.5billion last year ahead of what looks set to be a controversial stock market listing in London. The Chinese online giant’s meteoric…
By This Is Money Updated: 10:09 BST, 8 October 2024 Retail sales increased by 2 per cent year-on-year in the UK last month, according to the British Retail Consortium, as the cold and wet weather encouraged consumers to purchase warm clothing. Among the companies with reports and trading updates today are Imperial Brands, Vodafone, Vistry…
By Jeff Prestridge Updated: 16:39 BST, 7 October 2024 Edentree is an asset manager which specialises in responsible and sustainable investing. There are no gimmicks or whiffs of greenwashing – those investment funds that are labelled green yet are anything but when their holdings are scrutinised. The investment business, which started life as Ecclesiastical Investment…
Inheritance tax rise will cheat our children, say entrepreneurs By Anne Ashworth Updated: 09:45 BST, 7 October 2024 A flat-rate lump sum levy that falls due each year could be the solution to the mounting challenges facing Chancellor Rachel Reeves in her Autumn Budget plan to squeeze more tax from ‘non-doms’. These are people whose…
By Jessica Clark Updated: 07:35 BST, 7 October 2024 Major British retailers including Tesco, Sainsbury’s and Marks & Spencer have urged Rachel Reeves to slash business rates by a fifth. More than 70 high street bosses called on the Chancellor to cut retail property taxes amid fears of shop closures. In a letter to Reeves…
