Butlin’s owner Bourne Leisure plans bid for Sykes Holiday Cottages October 22, 2019 Bourne Leisure Group, the owner of Butlin’s and Haven Holidays, is planning to make a bid for rental property provider Sykes Holiday Cottages. The company is expected to submit a bid for the holiday rental chain before the deadline tomorrow, Sky News reported. Read more: Micro Focus shares sink as Open Text denies it might [...]
Brexit latest: Oliver Letwin urges MPs to back programme motion October 22, 2019 Oliver Letwin has urged MPs to back the government on tonight’s programme motion as “the least of the evils”, after the Prime Minister threatened to pull the entire Brexit bill if he was defeated. Introducing the Brexit bill, formally called the Withdrawal Agreement Bill, Boris Johnson this afternoon told MPs he would abandon the bill [...]
Crossrail at risk of facing further delays October 22, 2019 Crossrail is increasingly likely to face further cost blowouts and delays, according to a new report. The £15.9bn underground rail line was due to open in December 2018, but now has a target date of between October 2020 and March 2021. Read more: Crossrail to renegotiate pay with Bechtel However, a new report from Jacobs [...]
McDonald’s misses estimates October 22, 2019 Wall Street investors found McDonald’s stock tough to swallow this afternoon after the fast food giant missed quarterly earnings and revenue expectations. Shares in the chain dropped three per cent in pre-market trading, as same-store sales in its home US market fell below expectations amid intense competition during the last three months. The firm reported [...]
Live update: Govt threatens to pull Brexit bill if MPs vote down timetable October 22, 2019 The Prime Minister has urged MPs to back his Brexit bill to ensure the UK leaves the EU by 31 October, saying it will allow the country “to heal”. Speaking in the Commons for the first time since he was forced to send a letter requesting an extension, Boris Johnson bemoaned the passing of the [...]
What’s in the WAB? Government’s Brexit bill explained October 22, 2019 Today MPs will begin debating the government’s Withdrawal Agreement Bill – covering everything from the £39bn divorce settlement to EU citizens and setting out the path for the UK’s future relationship with the EU. But what is in it – and will it pass? What is the WAB? Brexit brings out the best (or worst) [...]
Boris Johnson’s Brexit deal faces first of three crucial days October 22, 2019 Prime Minister Boris Johnson’s Brexit deal will face its first parliamentary hurdle today with the PM facing a tough battle to deliver his promise to take the UK out of the EU by 31 October. Johnson is attempting to push through the Withdrawal Agreement Bill, which was published last night, in just three days. Read [...]
Softbank prepares to take control of Wework October 21, 2019 Softbank is reportedly planning to take control of troubled office space provider Wework. The Japanese investor, which already owns about a third of the company, plans to spend between $4bn and $5bn on new equity and existing shares, in a deal that will value Wework between $7.5bn and $8bn. Read more: Wework creates committee to [...]
Peaky Blinders maker Endemol Shine nears takeover deal October 21, 2019 Endemol Shine, the TV company that makes British TV hits such as Masterchef and Peaky Blinders, is reportedly close to a takeover by French firm Banijay. Disney and US private equity company Apollo Global Management, which jointly own Endemol Shine, are expected to close the deal with Banijay in the next few days. Read more: [...]
Saks owner Hudson’s Bay agrees to go private October 21, 2019 Hudson’s Bay Company (HBC), the owner of New York department store Saks Fifth Avenue, has agreed to be bought by a group of investors led by its executive chairman. The investor consortium led by Richard Baker, who currently owns 6.32 per cent of the firm, has made an offer to buy the shares of HBC [...]