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00:00Hello, and welcome to the latest business bulletin on Tuesday, the 11th of March, 2025.
00:06The US stock market sell-off worsened on Monday. It's down to concern over how much economic
00:10pain Trump's America First tariff plans will cause. Elon Musk's Tesla saw one of the market's
00:16sharpest losses. Now markets around the world appear to be feeling the effects of America's
00:20performance too.
00:22Healthcare firm Alliance Pharma has backed a sweetened £362 million takeover offer by
00:27its largest shareholder, Dbay Advisors. The deal will see shareholders get 64.75 pence
00:33per share, which is more than the original offer, worth 62.5. Investors will vote on
00:39it on Thursday.
00:41The boss of building supplies firm Travis Perkins has stepped down due to ill health.
00:45It comes just six months after he took on the top job. Shares in the FTSE 250 company
00:49fell by 5% after yesterday's announcement.
00:53Boohoo has announced its rebranding as Debenhams Group. The online fashion firm hailed the
00:58turnaround of the department store brand after buying it out of administration three years
01:03ago.
01:04And finally, Manchester United are updating us on their stadium project today. Billionaire
01:08Sir Jim Ratcliffe has been open about wanting a new state-of-the-art ground. United have
01:13been examining whether to redevelop their existing venue or build a completely new stadium.
01:18That's it for today. More tomorrow.