China buys into UK student housing
A fund controlled by the Chinese government is set to buy a 40 per cent stake in the UK’s largest developer of student housing as Beijing continues to expand its portfolio of global infrastructure. Gingko Tree Investment, a London-registered Chinese state-owned fund, is understood to be closing in on a £550m deal to buy Barclays’ stake in University Partnerships Programme. The deal, if it goes ahead, would mark the latest Chinese investment in Britain’s infrastructure.
Lighter kegs boost brewers’ exports
Ale exports, one of the few successes of Britain’s struggling brewing industry, are set to surge after a 174-year-old brewer claimed to have solved its toughest challenge – how to replicate the taste of a draught pint in foreign pubs.
Vestas warns of turbine tax hit
The US wind turbine market will shrink by up to 95 per cent if a crucial tax credit for wind power is allowed to expire at the end of the year, according to Vestas, the world’s largest turbine manufacturer by output.
Oligarch ends £700m legal battle
Oleg Deripaska has avoided a potentially highly damaging public examination of his rise to fortune after reaching a surprise last-minute deal with his arch-rival.
Gherkin investors may find £75m
German investors who part-own London’s landmark Gherkin tower may have to put up about £75 million in cash to remedy a complex loan default.
The Daily Telegraph
Cosalt reaches £2.5m settlement
Cosalt, the oil services company chaired by Carphone Warehouse co-founder David Ross, has reached an out of court settlement over a £2.5m fraud it is alleged to have suffered.
Food bank: We need more food
FareShare, a London-based charity that tackles hunger by distributing food to 700 charities across the UK, say they do not have enough produce to meet ever-increasing demand.
THE WALL STREET JOURNAL
Wal-Mart: Time Is Right for Japan
Wal-Mart Stores is expanding in Japan for the first time since 2008, sensing an opening as increases in the ranks of the working poor and pensioners on fixed incomes propel a trend toward thrift.
Gulf Investors on Leeds Takeover
A Bahraini investment bank is working on a deal to buy England's Leeds United Football Club, in what could be the latest acquisition of a European soccer team by oil-rich Gulf investors.