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Hedge funds, advisers and thousands of ordinary shareholders are poring over the spoils from the £30billion take-over battle for Sky.
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Mogul’s influence on worldwide news is unlikely to be weakened by latest defeat Rupert Murdoch’s dream of taking full control of Sky dissolved on Saturday night as he was outbid by the US firm Comcast. But anyone celebrating a setback for the mogul should be warned. The most divisive figure in Britain’s media may still have the last laugh. Murdoch’s abrasive and headline-grabbing era in charge of Sky came to an end in a high-stakes auction. There was no head-to-head face-off across a boardroom table: it was a simple email that sealed the future of Sky after a bruising battle between Fox and Comcast.
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Consumer champion Martin Lewis said John McFarlane’s comments were ‘outrageous’ Consumer champion Martin Lewis has condemned as “outrageous” comments made by the
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Criminologists explore a food safety scare in Australia, and what could be motivating copycats.
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The level of bogus claims is enormous and the government is complicit, the bank's chairman says.
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If your child is keen to pack a rucksack for the adventure of a lifetime, the key is to give them plenty of pre-planning advice. Taras Mogetich, pictured, travelled in Europe before teaching in Ukraine.
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Increasing demand from airlines will more than offset reductions from electric cars World oil production will soar to new records over the next five years, as a dramatic expansion in demand from airlines offsets the arrival of electric cars, according to a report from Opec. In a forecast that will dismay environmentalists – and which questions the theory that oil company reserves will become “
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The manufacturer eyes a "diesel-free" future after its parent company cheated emissions tests.
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The Ministry of Justice is preparing to hand the City of London Police a dossier on the RBoS Shareholders Action Group, co-founded by businessman Gerard Walsh.
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Rachel Reeves, chairwoman of Parliament’s Business Select Committee, blasted the prevalence of ‘high pay cheques for mediocre performance’ among Britain’s listed companies.
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The Sports Direct tycoon said agreements had been struck with landlords on 20 stores, including 15 that would have been shuttered in a failed restructuring plan.
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Top shareholders in Unilever have raised fears that arcane powers may be used to swing a crucial vote to allow the company to shift its head office to Rotterdam.
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The German discounters are growing so fast that their combined share of the grocery market could eclipse Asda and Sainsbury’s by 2021.
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The meeting with Willie Walsh at a London restaurant in July was quickly followed by speculation at Ryanair's head office that O'Leary was on the brink of stepping down.
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All countries have beacons of strength, things they are really, really good at. They trade with each other to exchange this excellence. Politicians would be really, really stupid to mess that up
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City sources said the private equity owners of CloserStill Media have appointed bankers from DC Advisory Partners to find a buyer for the business.
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The store, run by Tory peer Lord Wolfson, has arrested last year’s profit decline despite a challenging high street economy, analysts say.
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Andy Bell is a dark horse who could well be on the verge of emulating the success of Peter Hargreaves, co-founder of FTSE 100-listed investment business Hargreaves Lansdown.
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The interest rate on offer is likely to be between two and seven times that available from mainstream banks.
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Those successfully renting out an asset are expected to enjoy a bumper year since the Government introduced a £1,000 tax-free allowance on property income in 2017.
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US cable giant wins rare blind auction process set by the UK's Takeover Panel with £30bn offer.
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Energy giant ScottishPower insists a 'systems error' was the reason why it suddenly reneged on a cut-rate deal to customers. Louise Zucchi (pictured) alerted us to this.
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Singer Carly Paoli would increase funding for music and drama lessons if she were Chancellor of the Exchequer.
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House of Fraser's new owner said "greedy landlords" led to three stores having to shut.
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Provided two shareholder votes go the right way in the next couple of weeks, investment trust Standard Life UK Smaller Companies is going to get a lot bigger.
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Games have become more sophisticated and more diverse and Sumo Group is ideally placed to take advantage of this trend.
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Finsbury Food makes goods with almost universal appeal – cakes, bread, buns and morning pastries. But the business has just been through an extremely tough year.
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Andy Bell is a dark horse who could well be on the verge of emulating the success of Peter Hargreaves, co-founder of FTSE 100-listed investment business Hargreaves Lansdown.
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The decision was prompted by private equity owner ECI Partners, which bought the bike store chain for £80million in 2015, and its lenders AIB and HSBC failing to agree on a cash injection.
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Run by well-known investment firm Baillie Gifford, Edinburgh Worldwide aims to grow savers' money by ploughing it into companies around the world.
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The Ministry of Justice is preparing to hand the City of London Police a dossier on the RBoS Shareholders Action Group, co-founded by businessman Gerard Walsh.
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Mike Ashley, the new owner of the retail chain, says "greedy landlords" led to three stores closing.
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Shares in the funds will trade on the London Stock Exchange and the aim will be to make money for long-term investors - and, of course, the managers themselves.
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The German discounters are growing so fast that their combined share of the grocery market could eclipse Asda and Sainsbury’s by 2021.
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Don’t be fooled by China’s as-yet muted response: a decades-long battle with the US over tariffs is a real, and scary, possibilityA trade war between China and the US that lasts 20 years or more is a barely believable idea. It offers an Orwellian vision of ceaseless and debilitating battles between trading blocs – battles that give politicians a convenient enemy and the leverage to impose themselves domestically. Yet Jack Ma, the billionaire boss of Alibaba, one of China’s largest companies, says that everyone should prepare for
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As it prepares for its annual conference, it is time for the party to abandon its lame acceptance of the EU referendum result Is this year’s Labour conference in Liverpool going to rise to the occasion and put the party firmly on the road to stopping Brexit? With mounting
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The online retailer has been clothing itself in glory, but a £50m incentive scheme for its new boss has raised eyebrows for more than one reasonWill the brisk rise of online fashion company Boohoo continue? Incoming chief executive John Lyttle will certainly be hoping so: a £50m bonus payout depends on it. The retailer’s interim results, out on 26 September, will illustrate whether the strong growth the company has been enjoying of late has continued. In June, it reported that sales had increased by more than 50% in the previous three months compared with the previous year as young consumers flocked to buy its inexpensive clothes.
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New owner Mike Ashley says landlords refused to be reasonable over rents
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Sports Direct tycoon has been unable to agree terms with landlords of outlets in Edinburgh, Hull and SwindonThe troubled retailer House of Fraser is to shut three stores and is considering the closure of a fourth after its new owner, Sports Direct tycoon Mike Ashley, failed to agree terms with their landlords. Ashley, the owner of Newcastle United Football Club, recently
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The media tycoon's first swoop for Sky in 2011 was derailed by the phone hacking scandal
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US cable giant wins auction with offer of £30bn, ending years of Murdoch control Rupert Murdoch’s control of Sky is likely to end after three decades after his 21st Century Fox company was outbid by US rival Comcast, which offered £30bn to take full control of the British-based broadcaster in a high-stakes auction. The announcement on Saturday that Comcast has emerged on top was made after both companies submitted blind bids in a highly unusual process overseen by the Takeover Panel following a two-year bidding process. Comcast bid at £17.28 per share, substantially more than Fox’s £15.67 offer.
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Sky could fetch almost £30billion as a bidding war between two of the world’s biggest media titans reaches a dramatic climax today.
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The supermarket chain says the new biodegradable bags will be brought in at 1,400 of its stores.
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In Rotterdam, everyone assumes the UK will leave the single market and customs union. We went to see how it plans to cope with the upheavalEurope’s largest port, Rotterdam, is counting down to Brexit. “In about 200 days’ time, if nothing else happens… we will need to supervise all the goods coming in and out of the UK market,” says Roel van ’t Veld, Brexit coordinator at the Dutch customs authority. Hard Brexit or soft?
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Tesco’s new discount chain 'Jack’s', which opened its doors to customers today, was trumpeted as the supermarket’s answer to fast-growing cut-price grocers Aldi and Lidl.
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'Food wrapped in plastic has become too much to swallow', says supermarket chief
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Correction in pump prices, currently at four-year high, could be imminent Fuel retailers may be about to engage in a price war, the AA has said. A 3p per litre slump in wholesale costs this month suggests pump prices could be about to drop, according to the AA. This would be welcome relief for motorists who are being hit by prices at a four-year high after 11 consecutive weekly increases.
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Fuel prices are at a four-year high, but the AA says a supermarket price war could lower costs.
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The number of UK properties being bought and sold fell 2.6 per cent year-on-year last month as financial barriers such as stamp duty put people off moving
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Public borrowing climbed to £6.8billion last month in a blow to Philip Hammond as he prepares for the Budget.
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Banks and tax offices are using the technology – but some experts claim it can be duped With millions of us accustomed to barking orders at Alexa and Siri, it’s probably not surprising that voice recognition services offered by banks and other organisations are taking off in a big way. It emerged this week that HM Revenue & Customs has so far signed up about 6.7 million people to its voice identification (or “voice ID”) service, while HSBC says it has more than 10,000 people registering each week.
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From total home overhauls to re-varnishing tables, floor sanding and clever upcycling tricks, these bloggers will show you how to do it and save a fortune while you’re at it
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What could Venezuela's government learn from these five historic cases of hyperinflation?
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Some 200,000 workers missed out on being paid at least the minimum wage rate in the past year.
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AA spokesman said drivers should be 'looking for £1.50-a-tank cut' in petrol costs
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Companies were fined only £14m in year when staff were underpaid by £15.6m Ministers have been urged to impose tougher penalties on companies that pay their staff below the minimum wage after it emerged that the government fined companies only £14m in a year when rogue employers underpaid their staff by £15.6m. It is a criminal offence not to pay the minimum wage, and the maximum fine is 200% of every penny underpaid. Firms found in breach must also repay staff all the money they are owed.
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