HSBC chairman Mark Tucker said to be eyeing shopping spree November 12, 2017 HSBC chairman Mark Tucker is on the lookout for potential acquisition targets, according to shareholders quoted by the Sunday Times. Tucker reportedly told shareholders that he has an “optimistic view” that expansion could add to profits. American credit card firm Synchrony Financial could be one target, according to unnamed sources cited by the Sunday Times. [...]
Petrol station firm MRH eyes £1.5bn float November 12, 2017 Petrol station firm MRH has appointed bankers to pursue a £1.5bn stock market flotation next year, according to reports. Citi, JP Morgan and Numis Securities will advise the firm, which runs over 450 service stations portfolio, Sky News reported tonight. The majority of MRH’s stations are branded as Esso and BP. The firm also working [...]
Co-op awaits approval of Nisa members for its £140m takeover November 12, 2017 Members are gearing up to vote on the proposed buyout of convenience chain Nisa by the Co-operative. Shopkeeper members will vote tomorrow at about 11am in an emergency general meeting. Co-op needs 75 per cent of votes cast to approve for its bid of almost £140m. It is expected that the vote will have a [...]
Google Vs Brussels: Another Europe antitrust fine is coming for the US tech giant as it awaits Adsense and Android investigation conclusions November 12, 2017 Brussels is preparing to slap Google with another fine just months after a record $2.4bn penalty for anti-competitive behaviour when it was found to favour its own shopping services in search results. A separate antitrust investigation, this time involving its Adsense product, is expected to be wrapped up in the coming weeks with a fresh [...]
Eddie Jones defends outburst after England labour to victory over Argentina in opening autumn international November 12, 2017 England head coach Eddie Jones insists he was entitled to vent his frustration at the workmanlike nature of their 21-8 win over Argentina on Saturday. Jones was captured on camera throwing down his notebook in a hail of expletives as England struggled to find fluency at Twickenham, where they beat the out-of-form Pumas through tries [...]
Manchester City and Amazon: Why online video platforms want more sports documentaries November 12, 2017 Sports industry chatter has been dominated in recent times by the ever-looming prospect of tech giants such as Amazon, Facebook or YouTube outbidding traditional broadcasters for live rights and, in doing so, upending the consumption habits of fans. Yet while developments have undoubtedly been made in the digitalisation of live sport, neither Sky nor BT’s [...]
Sustainability investor Greensphere Capital weighs up $500m IPO on London’s main market November 12, 2017 Sustainability investor Greensphere, which aims to deliver profit for investors as well as environmental impact and jobs and community engagement, is considering listing on the London Stock Exchange. The firm hopes to raise between $300m and $500m (£227m and £379m) through the initial public offering (IPO), to make further investments in sustainable energy and infrastructure [...]
Brexit minister David Davis dismisses Michel Barnier’s two-week divorce bill deadline November 12, 2017 Brexit secretary David Davis has dismissed a two-week deadline set by EU’s chief negotiator Michel Barnier for clarity on a Brexit “divorce” bill. “In any negotiation, each side tries to control the timetable,” said Davis, speaking to Sky News, adding that there was no expectation in the coming weeks of any number on how much [...]
Former Tesco commercial director Kevin Grace sues for unfair dismissal after 2014 accounting scandal November 12, 2017 Tesco is facing further fallout from its 2014 accounting scandal as a former director claims he was wrongly dismissed. Kevin Grace, the former commercial director, was removed from his job after it emerged that Tesco had overstated profit expectations. Grace maintains he was not responsible for the problem and last year the Serious Fraud Office [...]
London mayor Sadiq Khan and Labour leader Jeremy Corbyn call for Boris Johnson to resign over Nazanin Zaghari-Ratcliffe “gaffe” November 12, 2017 Labour is piling pressure on the government on Sunday, with Labour’s top two politicians calling for Boris Johnson to resign. The Mayor of London Sadiq Khan said the foreign secretary should go in light of the latest “gaffe”, echoing a similar call from Labour leader Jeremy Corbyn. Johnson is under pressure over comments he made [...]