SABMiller and AB InBev wait with bated breath for £79bn megabrew deal ahead of SAB shareholder vote on Wednesday September 25, 2016 SABMiller investors will cast their votes this week on a deal which, if passed, will be the UK’s largest ever corporate merger. The deadline for proxy votes on Anheuser-Busch InBev’s (AB InBev) £79bn takeover bid will close tomorrow morning, while shareholders will also be able to vote in-person at the company’s High Court meeting on Wednesday. The [...]
Telefonica calls up bankers for O2 market float September 25, 2016 Telefonica, the Spanish owner of mobile network O2, has stepped up plans to float the business in London. It’s appointed a top team of investment bankers, with Barclays leading the deal. UBS and Morgan Stanley will also be working to sell O2 to investors, with a fourth bank expected to be named in shortly. Read [...]
Pensions lifeboat appoints its own trustees at Bernard Matthews to safeguard pension pot following sale September 25, 2016 NULL
Twitter’s sale would trigger bumper payout to its top executives September 25, 2016 A POTENTIAL takeover of Twitter could trigger a mammoth $1.7bn (£1.3bn) payday for the top 12 executives and directors at the struggling social media giant, according to reports. Twitter is reportedly in early stage talks with companies including Google and may receive a formal bid soon. A source told Reuters that Salesforce.com is also in [...]
Brexit and the City: Here are the names you need to know September 25, 2016 As rumours circulate that Article 50 could be triggered towards the start of next year, many in London are more than a little curious as to what the City will look like post-Brexit and who will be fighting to keep their best interests front and centre during the course of the negotiations. City A.M. profiles some [...]
Ed Miliband tells Labour to accept Brexit verdict and rally around Corbyn September 25, 2016 Former Labour leader Ed Miliband has warned his party against rejecting June's Brexit vote. Addressing the Labour fringe for the first time in more than seven years, Miliband said it was "nonsense" for a political party to seek to represent the 48 per cent of voters who backed EU membership. "Of course we have got [...]
Funding Circle: Global expansion almost doubles losses at fintech unicorn and peer-to-peer lender Funding Circle September 25, 2016 Losses have almost doubled at fintech unicorn and lending platform Funding Circle, City A.M. understands. The peer-to-peer lending group is set to post a full-year loss of £36m when it publishes its accounts on Tuesday, after expanding into Europe and the US ate into profits. However, revenues at the firm, which was founded in 2010 [...]
A stake in Rolling Stone magazine has been sold to a startup September 25, 2016 The owner of iconic music magazine Rolling Stone has sold a stake in the publication to a Singapore startup to push it beyond media and into live events and more. BandLab technologies, a social music making startup, will take a 49 per cent stake in the music magazine owned by Wenner Media, which also publishes US Weekly and Men's [...]
The Brexit vote boosted fine wine sales so much the market is running out, according to BI Fine Wine and Spirits Merchant September 25, 2016 The Brexit vote has breathed so much life into the UK’s fine wine scene that it is beginning to drain the market of available stock, according to wine merchants BI. Sales at BI have risen by 26 per cent since the June referendum when compared with the same period of 2015, after the dip in [...]