The owner of the Lindsey Prax Group oil refinery crashes on insolvency | Money news Aitrend

The owner of the Lindsey Prax Group oil refinery crashes on insolvency | Money news

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The owner of the Lindsey oil refinery crashed into insolvency, putting hundreds of jobs in danger during the energy conglomerate behind the Lincolnshire site. Sky News learned that State Oil, the parent company of Prax Group, which has interests on the oil ground in Shetlands and has around 200 service stations, was forced to call … Read more

KKR leads a 1.7 billion sterling pound race for the owner of Argos Store-Card Newday | Money news Aitrend

KKR leads a 1.7 billion sterling pound race for the owner of Argos Store-Card Newday | Money news

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The capital-investment company at the center of a series of tenders for British companies leads to the 1.7 billion pound sterling race to buy the owner of the operations of Argos Store-Card. Sky News has learned that KKR is the fratrunner to buy Newday Group, which belongs to the cinven and CVC Capital Partners buyout … Read more

The owner of Poundland ends during the sale of the reduction chain in difficulty | Money news Aitrend

The owner of Poundland ends during the sale of the reduction chain in difficulty | Money news

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Poundland’s parent company is preparing to hand over tens of millions of pounds to help finance a takeover of the British reduction chain in difficulty. Sky News has learned that the Pepco group, on the Varsaw, should contribute a substantial sum to eight figures to finance the operations in Poundland as part of an agreement … Read more

The owner of Slimfast is in shape with the launch of the sales brand sale | Money news Aitrend

The owner of Slimfast is in shape with the launch of the sales brand sale | Money news

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The owner of Slimfast launched a sale of the weight loss brand after hiring advisers to orchestrate an auction. Sky News understands that Glanbia, the Irish company, works with bankers in Houlihan Lokey on a process of leaving its weight management portfolio. Nicknamed Project Lego, a sale would occur more than 45 years after the … Read more

Pontins owner in court for the death of grandmother after the collapse of the ceiling | British news Aitrend

Pontins owner in court for the death of grandmother after the collapse of the ceiling | British news

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The parent company of Pontins appeared before the court after being accused of guilty manslaughter. Eighteen people were injured on the Brean Sands site of the holiday company in Somerset in February 2019, when a section of 40 meters of structural conduits and ceiling fell into an entertainment area. Wendy Jones, a 68-year-old grandmother, was … Read more

HOBBYCRAFT Owner at the end of Swoop to snatch the original factory store | Money news Aitrend

HOBBYCRAFT Owner at the end of Swoop to snatch the original factory store | Money news

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The owner of Hobbycraft made a late swoop to buy the original factory shop (TOFs) after discussions with a rival pretender at the 11th hour. Sky News understands that Modella Capital, which has also continued the High Street stores in Wh Smith in recent weeks, is about to win on Baaj Capital tenderer with a … Read more

Asda owner TDR buys former SPAC merger target CorpAcq | Money News Aitrend

Asda owner TDR buys former SPAC merger target CorpAcq | Money News

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Asda’s private equity fund has reached an agreement to acquire a majority stake in a group specializing in supporting British SMEs. Sky News has learned that TDR Capital has agreed to acquire a majority stake in CorpAcq, less than six months after the so-called “corporate compounder” aborted a US listing deal. City sources said this … Read more

Poundland owner recruits advisers amid discounter crisis | Money News Aitrend

The owner of Poundland ends during the sale of the reduction chain in difficulty | Money news

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The owner of Poundland, one of Britain’s biggest discount retailers, has called on city councilors to explore radical options to end the growing crisis at the chain. Sky News has learned that the Pepco Group, which has owned Poundland since 2016, has hired consultants from AlixPartners to deal with a decline in sales which has … Read more

Bargain owner Booze turns to CVA after standoff with landlords | Money News Aitrend

Bargain owner Booze turns to CVA after standoff with landlords | Money News

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Bestway Group, one of Britain’s largest private companies, is preparing to launch a formal financial restructuring process for its off-licence chains Bargain Booze and Wine Rack. Sky News has learned that the group has informed landlords of its proposed company voluntary agreement (CVA) for its Bestway Retail arm. Real estate sources said the conglomerate, founded … Read more

Screen Rant owner Valnet issues new demands to silence journalists’ reporting – Aitrend

Screen Rant owner Valnet issues new demands to silence journalists’ reporting

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Written by Joshua Tyler | Published 1 hour ago Over the past few months, I’ve been working on a report on the current state of Google search results, with the goal of helping independent publishers better understand what’s happening. Last month, Valnet (the large media company that owns sites like Screen Rant, Game Rant, Collider, … Read more