Animation firm DNEG eyes £150m London listing October 15, 2019 Digital effects and animation company DNEG said today it was considering a London float to raise £150m. The London-based firm said it was weighing a main market listing with plans to sell £150m-worth of new shares and an offer of existing shares to be sold by current shareholders. DNEG has worked on films such as [...]
Sports Direct calls for probe into Nike and Adidas October 14, 2019 Sports Direct called this evening for a competition probe into the market dominance of sportswear brands such as Nike and Adidas. In a statement, the company said top brands “use their market power to implement market-wide practices aimed at controlling the supply and, ultimately, the pricing of their products”. Read more: Corbyn kicks up fresh [...]
Donald Trump says US-China trade talks going well October 11, 2019 US President Donald Trump said today that the trade talks between the US and China were going well. He tweeted: “Good things are happening at China Trade Talk Meeting. Warmer feelings than in recent past, more like the Old Days. I will be meeting with the Vice Premier today. All would like to see something [...]
EU member states approve the opening of ‘tunnel’ negotiations on Brexit October 11, 2019 EU member states have today given permission for Brexit negotiations to enter a new intensive phase, the so-called tunnel. The tunnel is slang for discussions held in secret between a small group of negotiators to try and ensure that offers and counter offers are not disclosed. Read more: Sterling blasts past $1.26 as EU leaders [...]
Competition watchdog to examine £1.3bn tie-up between Slug and Lettuce-owner Stonegate and pub chain Ei Group October 11, 2019 The Competition and Markets Authority (CMA) today said it was considering whether the £1.3bn merger between Slug and Lettuce-owner Stonegate and pub chain Ei Group would lessen competition. The watchdog invited comments on the deal from any relevant party by 25 October. Read more: Slug and Lettuce owner Stonegate Pub Company to pay £1.3bn for [...]
Renault ousts Ghosn ally Thierry Bollore from CEO role as turmoil continues October 11, 2019 French carmaker Renault ousted its chief executive Thierry Bollore today as fallout from the arrest of former boss Carlos Ghosn continues. Bollore, who was widely seen as Ghosn’s right hand man, was promoted to the chief executive role earlier this year. Ghosn is facing charges of financial misconduct in Japan – which he denies. Read [...]
Michel Barnier and Stephen Barclay have ‘constructive’ meeting on Brexit October 11, 2019 The EU’s chief negotiator Michel Barnier and UK Brexit secretary Stephen Barclay had a “constructive” meeting on Brexit today, an EU Commission spokesperson said. “We are working towards a deal,” said the spokeswoman, Mina Andreeva. “If there is a will, there is a way.” Barnier told assembled reporters that Brexit negotiations were like mountaineering. “Brexit [...]
Shares in housebuilders and UK banks jump on new Brexit deal optimism October 11, 2019 Shares in UK housebuilders and banks jumped this morning on renewed optimism a Brexit deal is achievable. Prime Minister Boris Johnson and Irish Prime Minister Leo Varadkar met yesterday, with Varadkar saying he believes a deal is possible by 31 October. Read more: Sterling barrels past $1.25 as Donald Tusk welcomes progress on Brexit talks [...]
Donald Tusk says he has received ‘promising signals’ from Leo Varadkar on Brexit October 11, 2019 European Council President Donald Tusk said this morning that he had received “promising signals” from Irish Prime Minister Leo Varadkar on Brexit. Tusk tweeted “The UK has still not come forward with a workable, realistic proposal. But I have received promising signals from Taoiseach Leo Varadkar that a deal is possible. Even the slightest chance [...]
Jet 2-owner Dart Group says Thomas Cook collapse has boosted bookings October 11, 2019 The owner of airline Jet 2 said today its business has been boosted by the collapse of package holiday company Thomas Cook last month. Dart Group said it had experienced “increased levels of customer demand” since Thomas Cook went into compulsory liquidation. Read more: Fraudsters target refund process for collapsed airline The company said it [...]