Holland & Barrett has been acquired for �1.8 billion by a retail investment fund controlled by Russian billionaire Mikhail Fridman.
Hornby, the lossmaking toy manufacturer of Airfix planes and Scalextric cars, says it is “significantly undervalued” by a takeover offer from its majority shareholder Phoenix Asset Management.
LONDON: If central banks have learned anything from the Great Financial Crisis, the worst since the 1930s, it is that you don't need runaway inflation to raise interest rates.
Lord Adonis, chairman of the National Infrastructure Commission, has laid out the top 12 immediate infrastructure priorities on which ministers need to make "rapid progress" in the next year.
The rescue of Banca Popolare di Vicenza and Veneto Banca is against the spirit of EU banking rules. Photograph: Alessandro Bianchi/Reuters.