BLOOMBERG Tata Group plans to build a £4 billion ($5.2 billion) battery plant in the UK to supply electric vehicles made by Jaguar Land Rover Automotive Plc, in a win for Britain’s struggling car industry. JLR and Tata Motors Ltd will be anchor customers for the plant capable of providing 40 gigawatt hours worth of batteries with supplies starting from ...

BLOOMBERG After a year dominated by direct lenders, investment banks are now winning some bigger deals in the buyout financing market. Among them are the $9.4 billion of debt financing backing GTCR’s purchase of a majority stake in Worldpay Inc — the largest buyout financing since Elon Musk’s takeover of Twitter last year. A group of banks are selling the ...

BLOOMBERG Nigeria’s official currency exchange rate is once again widening a gap with the parallel-market rate, shrugging off a brief convergence spurred by central bank actions. The naira closed at 743 per dollar on the platform accepted as the official rate by the central bank, according to data compiled by Bloomberg. That’s about 11% stronger than the 834 a dollar ...