Co-op CEO Shirine Khoury-Haq is stepping down after reporting losses, a major cyberattack and allegations of a toxic workplace culture. Read more: Co-op chief executive steps down amid culture concerns and cyberattack fallout
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Revolut reports record £1.7bn profit and plans UK credit card launch after securing banking licence, as customer growth passes 70 million globally. Read more: Revolut posts record £1.7bn profit as it eyes UK credit card launch
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Merlin Entertainments takes a £262m writedown on Madame Tussauds as visitor numbers decline and the group pushes to reinvent the brand. Read more: Merlin writes down Madame Tussauds by £262m as visitor numbers fall
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Mike Lynch’s estate faces potential wipeout after a $1.24bn High Court damages ruling in favour of HPE over the Autonomy fraud case. Read more: Mike Lynch estate faces wipeout after $1.24bn HPE damages ruling
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Danone has agreed a €1bn takeover of UK nutrition brand Huel, delivering a major payday for founder Julian Hearn and celebrity investors including Idris Elba. Read more: Danone to acquire Huel in €1bn deal as functional nutrition market heats up
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A proposed UK holiday tax could cost 33,000 jobs and reduce tourism spending by £1.8bn, with industry leaders warning it would harm growth and competitiveness. Read more: Holiday tax could cost 33,000 jobs and £700m in lost revenue, industry warns
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Trustpilot reports £14m profit as AI-driven traffic boosts growth, with shares jumping 28% amid strong revenue and upgraded forecasts. Read more: Trustpilot profits soar as AI-driven traffic fuels sharp share price rally
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Former Dragons’ Den investor Theo Paphitis has taken over as interim CEO of Robert Dyas, aiming to revive the struggling 93-store homewares retailer after falling sales. Read more: Theo Paphitis steps in as interim CEO of Robert Dyas to lead turnaround
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The UK and Ireland deepen economic ties as £937m in Irish investment creates 850 jobs and new energy interconnectors strengthen energy security at the UK-Ireland Summit in Cork. Read more: UK and Ireland strengthen economic partnership as £937m investment set to create 850 jobs
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Under the deal, Beazley shareholders would receive 1,335 pence per share The post Zurich Insurance raises $5bn to finance Beazley bid appeared first on Gulf Business.
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