WPP confirms sale of post-production house The Farm Group to US rival June 21, 2019 WPP has confirmed the sale of its TV and film post-production firm The Farm Group to LA-based rival Picture Shop. Read more: Sorrell poaches two former media executives with links to WPP for new venture S4 Capital The ad giant today said it has signed a deal to sell its 75 per cent stake in [...]
Game recommends Sports Direct takeover offer June 21, 2019 Game has recommended shareholders approve a £51.9m takeover offer from Sports Direct. The company said Mike Ashley’s offer of 30p per share represents a “fair value” for the group. Read more: Mike Ashley’s Sports Direct lines up game takeover Game said the takeover would help it drive forward its esports initiative Belong Gaming Arenas. However, [...]
Apple recalls 15in Macbook Pro over battery fire risk June 21, 2019 Apple has announced a recall of some of its 15-inch Macbook Pro laptops over a battery fire risk. Read more: Amazon overtakes Apple and Google as worlds most valuable brand The company said that a limited number of its old generation Pro series, sold between September 2015 and February 2017, contained batteries that “may overheat [...]
Tusk accuses UK of ‘wasting time’ amid Tory leadership race June 21, 2019 EU chief Donald Tusk has slammed the UK for “wasting” the extension to the Brexit deadline as the Conservative Party gears up for the final stage of the leadership race. Read more: EU ‘dreams’ of UK U-turn on Brexit decision, says Donald Tusk The European Council president said he was not happy with the situation [...]
Omnis Investments replaces Woodford with Jupiter Asset Management June 21, 2019 Wealth manager Openwork’s Omnis Investments has chosen Jupiter Asset Management to run a £317m fund that was formally run by Neil Woodford’s firm. Openwork removed Woodford Investment Management from the Omnis Income and Growth fund shortly after Woodford suspended its flagship fund on 3 June. Read more: Hargreaves Lansdown chief executive angered by suspended Woodford [...]
Trump: I cancelled Iran military strike to avoid 150 deaths June 21, 2019 President Donald Trump cancelled a retaliatory strike against Iran overnight because a general told him it would kill 150 people, he has tweeted. In a series of tweets this afternoon, Trump said the US military was “cocked and loaded” to retaliate with a series of strikes against Iranian military targets after Iran shot a US [...]
H20 shrugs off conflict of interest concerns June 21, 2019 H20, the UK-based asset management arm of Natixis bank, will continue to have a representative on the board of Tennor despite concerns about potential conflicts of interest. H20’s chief investment officer Vincent Chailley will replace chief executive Bruno Crastes on the board of the German firm “to ensure continued H20 representation”. Read more: Should we [...]
Competition watchdog urges Facebook and Ebay to crack down on fake review market June 21, 2019 The competition watchdog has called on Facebook and Ebay to step up their efforts to prevent the sale of fake reviews through their sites. The Competition and Markets Authority (CMA) today wrote to the two platforms asking them to conduct a review amid concerns there is a “thriving” marketplace for fake and misleading online reviews. [...]
Tory leadership race: Boris Johnson takes on Jeremy Hunt June 21, 2019 Jeremy Hunt and Boris Johnson are poised to battle for the right to become the next Prime Minister in the final stage of the Tory leadership race. Read more: Jeremy Hunt says he would delay Brexit past October Hunt beat fellow cabinet member and rival Michael Gove to win the right to challenge Johnson in [...]
Dixons Carphone shares plunge further as hefty loss rattles investors June 21, 2019 Shares in Dixons Carphone dropped more than eight per cent this morning as investors reel from its disastrous full-year results. Read more: What’s wrong at Dixons Carphone? Analysts react to loss as shares dive The retailer yesterday revealed it had swung to a £259m loss, driven by poor trading in its mobile division, and warned [...]