The FTSE 100 will open at 8am. Among the companies with reports and trading updates today are Bunzl, Hipgnosis and Begbies Traynor Group. Read the Monday 26 February Business Live blog below.
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Investors will be encouraged to pledge more money towards female-led start-ups
Investors will be encouraged to pledge more money towards female-led start-ups under plans backed by the Government.
Women founders receive just 2 per cent of all UK venture capital – a statistic that has remained stubbornly low.
Bunzl buys Nisbets for £399m
Bunzl has bought catering equipment and consumables distributor Nisbets in the UK for £339million, the distribution group said on Monday as it warned operating margin this year would be slightly below 2023 levels.
The London-listed company said it witnessed a slower-than-expected start to the year in North America, but expected to deliver a slight growth in 2024 revenue helped by a slew of acquisitions made last year.
It also acquired Finland-based company Pamark, Bunzl said in a statement.
Heathrow denies it is shelving plans for a third runway as passenger numbers continue to swell
Heathrow has denied that it is shelving plans for a third runway as passenger numbers continue to swell.
Europe’s busiest airport has pushed back against reports that chief executive Thomas Woldbye wanted to scrap the expansion and was in the process of disbanding the team in charge of it.
In a statement last night, Heathrow said the claims, which were first reported by The Sunday Times, were ‘wrong’ and ‘not reflective’ of its strategy.
CMA probes eight housebuilders
Britain’s competition watchdog has started an investigation into eight homebuilders after it found evidence that indicated potential sharing of commercially-sensitive information among competitors.
The Competition and Markets Authority said the sharing of sensitive information could be influencing the development of sites and the prices of new homes.
‘While the CMA does not consider such sharing of information to be one of the main factors in the persistent under-delivery of homes, the CMA is concerned that it may weaken competition in the market,’ the regulator said in a statement.
The companies include Barratt, Bellway, Berkeley, Bloor Homes, Persimmon, Redrow , Taylor Wimpey and Vistry.
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BUSINESS LIVE: CMA probes eight housebuilders; Bunzl buys Nisbets; Hipgnosis legal woes
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