Pearson to sell Mergermarket
Textbooks publisher and media group Pearson has agreed the sale of Mergermarket to funds advised by BC Partners in a £382m deal including debt. Mergermarket provides financial news, intelligence and analysis to a range of firms.
Thames defers tax as it invests £10bn
Thames Water is expecting to defer corporation tax for the next decade as it looks to invest £1bn a year on updating its pipes and sewerage system. The UK’s biggest water company saw half-yearly profits rise 19 per cent to £134m.
Netherlands loses triple-A rating
A downbeat view on the Netherlands’ growth prospects has prompted Standard & Poor’s to downgrade its credit rating from a top triple-A score to AA-plus.
Blackwell poised to take chair at Lloyds
Lord Blackwell, a former Downing Street adviser to John Major and Margaret Thatcher, is set to become the next chairman of state-backed Lloyds Banking Group.