US bidder Dovid Efune set to buy Telegraph for £550m next week October 6, 2024 Dovid Efune, the owner of the New York Sun, is reportedly on the verge of buying The Daily Telegraph and its Sunday title for £550m, with signs a deal could be inked as early as next week. This weekend, Efune was engaged in advanced discussions with Redbird IMI, the current proprietor of the British broadsheet, although [...]
The Notebook: Three quarters of Brits don’t invest – it’s time for a confidence boost October 2, 2024 Most Brits just aren't investing - but a little confidence could make all the difference, writes Camilla Esmund in today's Notebook.
Libor: After more than 50 years, tainted benchmark is officially no more October 1, 2024 Libor, the more than 50-year-old benchmark borrowing rate, has officially been phased out after an arduous process kickstarted by a rigging scandal in the early 2010s.
HSBC writes off stake in former UK fintech darling Monese October 1, 2024 HSBC has written off its holding in British fintech Monese just two years after taking a $35m stake in the firm.
Nationwide completes Virgin Money takeover to create high street banking titan October 1, 2024 Nationwide has completed its £2.9bn takeover of Virgin Money in the UK's biggest banking merger since the financial crisis amid increasing consolidation among mid-sized lenders.
The Telegraph streamlines ownership structure as sale nears a close September 30, 2024 The Telegraph’s ownership structure has been streamlined as bidders for the prestigious London-based publication prepare for a final decision within the next two weeks. In a memo to staff on Monday, Telegraph Media Group boss Anna Jones also confirmed the sale process is advancing, with multiple second-round bids received, Sky News reported. RedBird IMI, the [...]
Mortgage approvals hit highest level in two years as housing market recovers September 30, 2024 According to figures from the Bank of England, 64,900 mortgages were approved last month, up from 62,500 in July.
Clearbank eyes flurry of new products amid ‘huge demand’ for fintech September 30, 2024 ClearBank is eyeing up a string of new business lines after hitting profitability and taking its first steps towards international expansion.
Sir Paul Marshall pulls out of race to own Telegraph September 29, 2024 Sir Paul Marshall has not submitted a formal offer for the Telegraph despite being regarded as one of the auction's front-runners.
Telegraph attracts takeover interest amid latest auction deadline September 27, 2024 The bidding war to buy the Telegraph newspaper business is moving nearer to its conclusion amid the latest deadline for takeover offers. Potential suitors to buy the Telegraph Media Group have until the end of Friday to submit second-round offers. It is understood at least three parties, including both UK and international firms, are in [...]