Private equity chiefs in the UK will face fresh scrutiny by the British parliament today amid reports they are making large gains from firms which pay almost no corporation tax.

Saga and the AA unveiled surprise plans for a £6.2bn (€9.2bn) merger today, creating one of the UK's largest private equity-owned companies.

Saga and the AA announced surprise merger plans today in a move creating a motoring and insurance giant worth £6bn (€8.9bn).

The founder of the UK’s largest private insurance firm could net £2bn (€2.9bn) after it was reported today that his company had received bid approaches.

Newspaper group Trinity Mirror today confirmed City grandee Sir Victor Blank was standing down as its chairman.

Engineering firm Amec signalled the break-up of its operations today after conceding the businesses needed more resources than it could provide.

Car safety seats-to-pushchairs firm Britax Childcare broke free from its parent company today after being sold in a deal worth £230m (€339m).

BOOKMAKER Coral Eurobet is said to be preparing for a €1.1 billion stockmarket flotation.

Bookmaker Coral Eurobet was today said to be gearing up for an £800m (€1.2bn) stock market flotation.

Madame Tussauds and a host of major theme parks were sold today in a £800m (€1.1bn) deal with an investment firm controlled by the government of Dubai.

British high street retailer WH Smith was today reported to be on the brink of unveiling Severn Trent boss Robert Walker as its new chairman.

The race to land the over-50s financial services-to-holidays group Saga is thought to have narrowed to five possible contenders.