Security group GardaWorld on Wednesday extended the buyout offer period for rival G4S for a sixth time, prolonging a bidding war with U.S.-based Allied Universal for the British private security services firm.
By Reuters Staff
2 Min Read
FILE PHOTO: The logo of German chauffeur service Blacklane is pictured at the company s headquarters, as the spread of the coronavirus disease (COVID-19) continues, in Berlin, Germany, October 28, 2020. REUTERS/Fabrizio Bensch
(Reuters) - German chauffeur service Blacklane has acquired a majority stake in Jaguar Land Rover-backed Havn, a premium all-electric cab service in London, for an undisclosed sum to speed up the electrification of its private hire fleet.
The investment was completed in November and permits Blacklane to grow Havn’s service and offer more zero-emission rides in London, the companies said in a joint statement on Tuesday.
By Reuters Staff
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(Reuters) - Canadian security group GardaWorld on Wednesday extended its buyout offer period for rival G4S for a fifth time, even as the British company has already accepted U.S.-based Allied Universal’s takeover offer.
Allied on Tuesday extended the time for G4S shareholders to accept the deal, which has been agreed upon by the two companies, to Feb. 9.
G4S said GardaWorld’s announcement does not change the board’s recommendation that the company’s shareholders accept Allied’s offer of 245 pence per share.
Private-equity backed GardaWorld has extended its offer to Feb. 10.
By Reuters Staff
2 Min Read
FILE PHOTO: Customers are seen looking at cars at Cargiant, following the outbreak of the coronavirus disease (COVID-19), London, Britain, June 1, 2020. REUTERS/Toby Melville
(Reuters) - The cost of a comprehensive motor insurance policy in Britain fell for a fourth straight quarter, with the latest quarter recording a 6% decline, pushed down by coronavirus-led lockdown measures and subsequent claims, a survey showed on Friday.
The average premium for a comprehensive policy is now 763 pounds ($1,041.34), according to the latest index from price comparison site Confused.com, compiled by insurance advisory company Willis Towers Watson Plc.
The report showed that drivers are now paying 52 pounds lesser than they were 12 months ago, but the rate of decline was slowing.
Britain's third-biggest homebuilder Taylor Wimpey on Thursday estimated annual operating profit in line with market expectations as demand rebounded towards the end of last year, and said it expects to hand out a final dividend for 2020.