Tag: group

AA motoring group in takeover talks with three suitors

Image copyright AA The AA says it has received takeover approaches from three parties who are interested in buying the motoring group. The business, founded in 1905, has £2.65bn in debt and wants to raise funds. It is also considering staying with its current ownership and raising the money itself from shareholders. The AA has 2,700 roadside assistance patrol vehicles… Read more →

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Coronavirus: Working group set up to protect jobs at Renfrewshire Rolls-Royce plant

Image copyright Reuters Image caption Rolls-Royce warned it could cut 700 jobs from its Renfrewshire plant based on the reduced workload The Scottish government has announced a working group will be set up with the aim of protecting jobs at a beleaguered Rolls-Royce plant. The firm said in recent weeks that 700 jobs were at risk in Renfrewshire following the… Read more →

Warner Music Group eyes $13.2bn valuation

Image copyright Getty Images Warner Music Group (WMG), the record label of Ed Sheeran and Bruno Mars, estimates it is worth up to $13.2bn (£10.7m), as it prepares to list its shares on the Nasdaq stock exchange. That is four times what Sir Leonard Blavatnik paid in 2011 for WMG – the world’s third largest record label. At the time,… Read more →

Coronavirus lockdown: Business group calls for phased easing

Image copyright PA Media Ministers should immediately set out plans for a “carefully phased” lifting of the UK’s coronavirus lockdown, a business group has said. “This is a time to be bold,” said the British Chambers of Commerce, adding high public spending should continue if needed to restart the economy. Boris Johnson has said he will outline plans relating to… Read more →