The Bank of England maintains interest rates at 4.5% amid global trade war uncertainty. Inflation is expected to peak at 3.75% this year, and wage growth of 5.9% could exacerbate price rises. The BoE will reassess Trump’s tariffs at its next meeting in May.
CGI has acquired Novatec, adding over 300 IT experts from Germany and Spain. This enhances CGI's Stuttgart and Granada presence, increases its IP portfolio, and provides cultural fit. The acquisition positions CGI as a more competitive player in the European digital services market.
23andMe seeks Chapter 11 bankruptcy, secures $35M DIP financing. CEO steps down, CFO appointed Interim CEO. Anticipates rejecting real property leases and resolving legal claims stemming from a 2023 cyber breach. 45-day bidding process for qualified buyers underway.
Private equity deals on AIM were £5bn, 62% of M&A value. AIM 100 fell 6% versus FTSE 100's 5% gain, leaving firms exposed. There is an increase in new admissions, but liquidity support is the key to AIM stability.
PermRock Royalty Trust completes the sale of underlying oil and gas properties to T2S Permian Acquisition II, with Boaz Energy assisting in the transition. Boaz Energy also sold 4,884,861 Trust units to Ustx LLC, a subsidiary of T2S Permian. Argent Trust Company will continue normal administration.
Barclays Shares Experience Significant Surge Following Tariff Changes
In a remarkable turn of events, shares of Barclays surged by over 20% at the market open, eventually stabilizing at a 15% increase. This rebound reflects a broader recovery in the FTSE...
