DCC to sell healthcare unit in £1.05 billion deal
On Tuesday, sales, marketing and support services group DCC plc (LON:DCC) said that it will divest its healthcare division to an investment arm of private equity firm Investindustrial Advisors in a deal valued at 1.05 billion pounds ($1.41 billion).
The U.K.-listed firm also said it intends to return excess cash from the group’s restructuring to shareholders.
City of London Investment Group reports $170 million outflow due to tariff uncertainty
City of London Investment Group on Tuesday reported a notable outflow of $170 million from emerging markets for the quarter ending March 31, attributing the outflow to the uncertainty caused by tariffs introduced by U.S. President Donald Trump.
The funds under its management remained steady at $9.9 billion, however, the firm also estimated that by April 15, these funds under management would slightly decrease to $9.7 billion.
Unilever threatens to cut funding to Ben & Jerry’s Foundation
Unilever PLC (LON:ULVR) is considering cutting funds to the Ben & Jerry’s Foundation, a U.S.-based nonprofit that supports social justice organizations, according to a Reuters report, citing sources close to the situation.
The company is asking Ben & Jerry’s Foundation to undergo a swift audit of its donations to continue receiving funding, the report added.
No major U.K. corporate earnings or economic data are expected today.
Trump urges rate cut, slams Fed chief
U.S. President Donald Trump escalated his criticism of Federal Reserve Chair Jerome Powell on Monday, warning on his social media platform Truth Social, that the economy could weaken if interest rates aren’t lowered.
He referred to Powell as “Mr. Too Late” and labeled him a “major loser.”
