White House correspondent Andrew Feinberg relies on support from donors to ask tough questions and hold those in power accountable. Nationwide’s £2.9 billion takeover of Virgin Money has been approved by UK regulators, creating a combined group with millions of customers and staff. The deal, set to be finalized on October 1, will result in the rebranding of Virgin Money as Nationwide within six years.
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Activist hedge fund Elliott builds stake in struggling BP
Activist hedge fund Elliott Management has acquired a stake in BP, prompting speculation of a potential takeover bid or activist shareholder intervention due to the company's financial underperformance and lack of strategic clarity. Elliott's increased individual bets and focus on strategic changes could lead to a push for BP to refocus on its core oil and gas business, potentially calling for a full break-up or business retrenchment. The firm, known for boardroom battles, has also...
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