Prosus and Takeaway.com puts down final offers in food fight for Just Eat Prosus and Takeaway.com puts down final offers in food fight for Just Eat The food fight for Just Eat reached its climax today as competing bidders sought to woo the board with last-minute blockbuster offers. Prosus, the Dutch investment firm, has raised its cash bid to 800p for each Just Eat share, as it attempts to prevent a merger between the food delivery firm and its rival Takeaway.com [...]
Panic station: Major disruptions at London Victoria Panic station: Major disruptions at London Victoria Commuters travelling home from London Victoria faced major delays and cancellations this evening, as a signal failure caused severe disruption at one of the country’s busiest stations. Victoria was brought to a standstill, with images on social media showing hundreds of passengers held on the station concourse waiting for Southern, Southeastern and Gatwick Express trains [...]
Why the Bank of England should hold interest rates Why the Bank of England should hold interest rates The Bank of England should vote to hold interest rates at their current level until there is more clarity over the economy’s direction in the New Year, some of the City’s top economists have argued. Ahead of the Bank’s key meeting tomorrow, City A.M.’s shadow monetary policy committee has taken a wait-and-see approach by overwhelmingly [...]
Co-op owners sound out potential buyers December 18, 2019 The hedge fund owners of the Co-op Bank are reportedly on the hunt for potential buyers. Two-and-a-half years after the lender was rescued from collapse, the US investors which took control of the Co-op have started holding talks with possible bidders, according to Sky News. The broadcaster cited sources as saying that several British retail [...]
Bojo issues snow-go order after banning ministers from Davos December 17, 2019 BORIS Johnson has taken the surprise step of boycotting Davos next year, banning his ministers from attending the annual World Economic Forum jamboree. Buoyed by his thumping new majority in Parliament, the Prime Minister has decided to turn his back on the Swiss resort, which has become the premier networking event on the global calendar for the [...]
Wework secures $1.75bn from Goldman Sachs fundraising push December 17, 2019 Wework has reportedly secured $1.75bn (£1.33bn) from a fundraising push led by banking giant Goldman Sachs. The embattled flexible office company has obtained the funding in a deal that will free up around £800m in cash, according to Bloomberg. Softbank has vowed to raise $5bn in debt financing as it seeks to rescue the loss-making [...]
US leaders tussle as vote for impeachment draws near December 17, 2019 The stage is set for a historic vote on Capital Hill tomorrow, where US politicians will decide whether to impeach Donald Trump after months of intense debate. The House of Representatives is expected to approve articles of impeachment against the President, paving the way for a trial in the Republican-controlled Senate on whether Trump should [...]
Samsung chairman jailed over union-busting activities December 17, 2019 The board chairman of Samsung Electronics has been jailed for 18 months after sabotaging union activities. Lee Sang-hoon was sentenced by a South Korean court today after violating the country’s labour law alongside 25 other defendants. Samsung executives had used tactics such as closing sub-contracted firms with active unions, prosecutors said. Read more: Watchdog steps [...]
Why high street discounts are a dangerous drug December 17, 2019 Retailers love to brag about breaking records, but one they won’t be cheering this Christmas is the prediction that price cuts could potentially top 50 per cent for the first time ever. Amid a fierce fight to woo last-minute shoppers into their stores, high street chains are once again turning to a festive sales bonanza [...]
Lawyer attacked designer in seat row at Royal Opera House December 16, 2019 A hedge fund lawyer was convicted of assault today after punching a fashion designer in a bust-up at the Royal Opera House. During a performance of Wagner, Matthew Feargrieve struck Ulrich Engler at least once in a dispute over a seat, City of London Magistrates’ Court heard. Read more: Two women who quit City jobs [...]
