Culture minister Matt Hancock confirms Sky-Fox deal can proceed as long as Sky News is divested June 5, 2018 Culture secretary Matt Hancock has confirmed that the Sky-Fox merger can go ahead, as long as Sky News is divested to Disney or another firm. If an “acceptable form of remedy” can be found, the minister said he would wave it through. Hancock said he agreed with the Competition and Markets Authority (CMA) that there [...]
Let The Games Begin: Checking in with Tokyo as it prepares to host the 2020 Olympics June 5, 2018 Tokyoites love a seasonal celebration. If they’re not picnicking under a blossom-laden tree, in honour of the spring sakura, then they are trekking to the nearest park to see the splendour of the autumn leaves. It’s no surprise, then, that the Tokyo 2020 Olympic Games – despite being two years away – has already got [...]
Culture minister Matt Hancock confirms Sky-Fox deal can proceed as long as Sky News is divested June 5, 2018 Culture secretary Matt Hancock has confirmed that the Sky-Fox merger can go ahead, as long as Sky News is divested to Disney or another firm. If an "acceptable form of remedy" can be found, the minister said he would wave it through. Hancock said he agreed with the Competition and Markets Authority (CMA) that there [...]
Goldman Sachs targeting £109bn Lloyds investment fund June 4, 2018 US bank Goldman Sachs has entered the competition to manage a £109bn investment contract put out to tender by Lloyds Banking Group. Goldman Sachs Asset Management has reached the second round of bidding for the contract, alongside Blackrock, JPMorgan Asset Management and Schroders, Sky News reports. The process kicked off when Lloyds pulled outs of [...]
Safe as houses: How to invest in property without buying a home May 31, 2018 Brits are falling out of love with the property market. A recent report from Rathbones found that more than half of investors now take a pessimistic view on the sector. It’s easy to see why, when the government is making life harder for private landlords – with a tax hike just one of several measures [...]
Chris Froome’s Giro victory should not be tarnished by the Vuelta salbutamol saga May 29, 2018 Chris Froome’s victory in the Giro d’Italia has propelled him alongside the greatest cyclists of all time – for now, at least. Rolling over the victory line in Rome on Sunday, the Briton became only the third rider to hold all three of cycling’s Grand Tours at once. And the Team Sky rider’s victory puts [...]
Government poised to start Royal Bank of Scotland share sale May 28, 2018 The government is to offload a multi-billion pound stake in Royal Bank of Scotland as early as this week, according to reports. Banks have been placed on high alert as ministers kick off a process to reduce the taxpayer's 70.5 per cent stake in RBS. Precise details on the sell-off remain unclear but bankers warned [...]
Uber sets up new tech hub in Paris focusing on artificial intelligence and flying taxis May 24, 2018 Uber’s flying taxi plans are well and truly taking off. The company announced this morning that it will be building a new advanced technologies centre in Paris for research focused on its flying taxi Uber Elevate project. The research and development hub will be its first outside of North America, and over the next five [...]
Ryanair among worst performing airline stocks in past year as airline strikes cautious note in annual results May 21, 2018 Ryanair is among the worst-performing airline stocks over the past year that has been marked by union disputes and rising costs. Analysis by Thomson Reuters shows that the once buoyant stock has fallen to the back of the pack along with Air France-KLM, United Continental and SouthWest in terms of positive share price change. Air [...]
Ryanair (RYA) share price rises as profits soar but airline gives pessimistic forecast on higher costs as Brexit shareholder shake-up takes off May 21, 2018 Low-cost carrier Ryanair has reported soaring annual profits this morning, but has warned its earnings will fall back in the next year due to higher costs and flat fares. It has also given more insight into its Brexit preparations, with the airline saying it remains concerned at the “likely impact” of a hard Brexit. It [...]