Lloyds to put £13bn wealth unit into joint venture with Schroders October 7, 2018 Lloyds, Britain’s biggest high street lender, plans to merge its £13bn wealth-management wing into a a new joint venture with investment giant Schroders, according to a report. Details of the arrangement – which would transform the UK’s wealth-management sector by bringing Schroders’ services closer to a more wider group than its current, affluent cliente – [...]
French Connection chief seeks to sell off controlling stake October 6, 2018 French Connection founder Stephen Marks is sounding out potential buyers for his controlling stake in the retailer, it emerged today, in a deal which could trigger a takeover of the whole business. Advisers from Numis Securities, acting on Marks' behalf, have been speaking to prospective bidders this week about the 42 per cent shareholding, sources [...]
The Great Gig in the Sky: We hiked for two days to hear the world’s highest music festival October 5, 2018 The hills are alive with the sound of… my heavy breathing. I nervously inch my way along a slippery glacier while clinging onto a steel cable, the only lifeline preventing me from plunging hundreds of feet into the rocky abyss below. I am high up in the craggy and unyielding Dolomite Mountains in the Trentino [...]
Sports Direct’s Mike Ashley tees off in bidding war for American Golf October 5, 2018 Sports Direct owner and retail tycoon Mike Ashley is set to expand his business empire further, as it suggested he has tabled a bid for Britain's largest golf retailer American Golf. Ashley is among a number of interested parties in the American Golf takeover, including JD Sports Fashion, sources told Sky News. Deloitte, who is advising [...]
New homes: Our pick of the new builds going on sale in London this weekend October 5, 2018 11 Fitzjohn’s Avenue, Hampstead From £695,000 Live in a Victorian mansion designed in the Arts and Crafts style that has been converted into 12 apartments with two new build townhouses at the back. Developer Godfrey London has re-introduced period features, along with heritage timber wall-panelling and limestone fireplaces. Call joint agents Goldschmidt & Howland (020 [...]
Comcast confirms it has secured 75 per cent of Sky shares October 4, 2018 US media titan Comcast today confirmed it had snapped up over 75 per cent of Sky's shares – leading it tantalisingly close to finalising its acquisition of the British broadcaster. In a regulatory filing, Comcast said that once Fox's sale of its 39 per cent stake in Sky had been approved, it would hold over [...]
UK and Netherlands put Russian military intelligence behind five cyber attacks October 4, 2018 Prime Minister Theresa May, in tandem with Dutch Prime Minister Mark Rutte, today said UK and Dutch authorities have identified a number of cyber attacks which came from a network of hackers employed by Russian military intelligence (GRU), including an attack on a UN watchdog. The UK's National Cyber Security Centre, supported by the Foreign Office, said the GRU [...]
Sadiq Khan accused of misleading public over nine-month Crossrail delay October 3, 2018 Members of the London Assembly have accused Sadiq Khan of misleading the public over what he knew about a nine-month Crossrail delay that infuriated commuters when it was revealed this summer. The Assembly's transport committee, which has been investigating the delay, has sent a damning letter to London mayor Khan. The letter, seen by City A.M., [...]
Comcast raises money for Sky purchase with $27bn bond sale October 3, 2018 US media giant Comcast has carried out one of the biggest bond sales in corporate history, borrowing $27bn to fund its acquisition of Sky. The bond sale is the second largest of the year and fourth largest in corporate history. Read more: Sky share price flies after Comcast’s £30bn takeover offer The company sold unsecured bonds [...]
Sports Direct and JD Sports join the race for Evans Cycles October 3, 2018 JD Sports Fashion and Sports Direct have taken up seats at the bidding table alongside Halfords for beleaguered firm Evans Cycles. Both sporting retail powerhouses have tabled indicative offers for Evans in the last week, Sky News first reported late last night. The bids come in addition to an offer from Britain's biggest bike firm [...]