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fitch

  • Daily Mail owner sells US data arm for $1bn

    Media

    The owner of the Daily Mail has agreed to sell its US property data business in a $1bn (£730m) deal, as it reshapes its portfolio and frees up cash for new investments. Daily Mail and General Trust (DMGT), controlled by Rothermere Continuation Holdings, said it will offload Trepp to Fitch Group in an all-cash transaction [...]

    Associated Newspapers, which is owned by Lord Rothermere's Daily Mail and General (DMG Media), said losses ballooned from £699,000 in 2022 to £44.5m in the year ended 1 October 2023
  • Starmer and Macron face a shared Waterloo

    Opinion

    Facing crippling national debt and a politically divided public, both Keir Starmer and Emmanuel Macron have proved unable to implement necessary economic reforms, and both are heading for a downfall driven by market forces, says Helen Thomas A country gripped by the highest debt levels since the Second World War; an unpopular leader facing a [...]

  • Canary Wharf Group’s credit rating cut further into ‘junk’ amid office exodus

    Banking

    Canary Wharf Group's credit rating was cut deeper into "junk" status by Fitch as the east London financial district struggles to attract workers to its offices and battles an exodus of star tenants.

    As of June, CWG had £4.2bn of gross debt through complex structures including two other bonds maturing in 2026 and 2028 respectively.

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  • As it happened: FTSE 100 see-saws after inflation undershoots; Oil at $80 as Trump threatens ‘dropping bombs’ on Iran

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