A New Chapter Begins for The Telegraph In a landmark move for British media, US-based private equity firm RedBird Capital Partners has clinched a £500 million deal to acquire the iconic Telegraph newspaper group. The agreement concludes two years of ownership uncertainty, ushering in a fresh strategic era for the 170-year-old news brand. The acquisition […]

Proposed Name Change Could Bring the 200-Year-Old Brand Back to the LSE Phoenix Group is laying the groundwork for a significant rebranding move that could see the return of the iconic Standard Life name to the London Stock Exchange. The company, which acquired Standard Life Assurance in 2018, has made key governance changes that would […]

A New Era Begins Ardonagh Advisory has officially rebranded as Everywhen, a transformative move announced at the 2025 Biba Conference. This change marks a significant milestone for the UK platform of the Ardonagh Group, which operates across general insurance broking, health, and employee benefits, boasting over 45 trading names. Why Everywhen? The rebranding to Everywhen […]

Burberry Faces Financial Struggles Luxury fashion giant Burberry has announced plans to cut approximately 1,700 jobs as part of a strategy to reduce costs by 2027. This decision comes after the British designer brand reported a staggering £66 million loss in the last financial year. The proposed job cuts will impact nearly a fifth of […]

Record-Setting Q1 for European Insurers European insurers significantly accelerated their use of subordinated debt markets in the first quarter of 2025, achieving their highest Q1 issuance volume in 14 years, according to specialist insurance-linked securities (ILS) manager Twelve Securis. The surge in activity was primarily driven by insurers seeking to address upcoming refinancing needs amid […]

The UK’s Competition and Markets Authority (CMA) has initiated a probe into Aviva’s proposed £3.7bn acquisition of Direct Line, a move that could potentially disrupt the planned merger between the two insurance giants. The investigation seeks to determine whether the merger would significantly reduce competition in the insurance sector. Competition Concerns in the Car Insurance […]

Vanquis Bounces Back After Major Losses Vanquis, formerly known as Provident Financial, has made a remarkable turnaround, swinging back to profitability in the first quarter of 2025. After facing significant losses of £34.8 million last year due to a surge of no-win, no-fee complaints related to its credit card division, the Bradford-based financial services company […]

Aviva’s £3.7bn takeover of Direct Line is being reviewed by the UK’s competition watchdog over concerns it could reduce market competition. The deal could create a dominant insurer and put up to 2,300 jobs at risk. CMA Launches Probe Into Major Insurance Merger Aviva’s ambitious £3.7 billion takeover of Direct Line is facing scrutiny from […]