Category: Business

How much of corporate Britain is for sale? Perhaps it would be an easier exercise to say which bits definitely aren’t. William Hill looks like it is going to one of two American groups, Arm Holdings is already on the way. ITV is always a mooted target. But let’s be imaginative. How about Morrisons (come […]

William Hill suitor Caesars Entertainment laid its cards on the table today with details of a potential £2.9 billion offer for the UK bookmaker. The owner of Caesars Palace has finished due diligence and is in advanced discussions with Hills over a potential offer worth 272p a share. At a 57% premium on the FTSE […]

Discount grocer Aldi has pledged to invest £1.3 billion on expanding in the UK after posting a rise in sales and profits. The retailer bounced back from a sharp fall in profits in 2018 to post a 49% increase in pre-tax profits to £271.5 million in 2019. Total UK and Ireland revenues rose 8% to […]

The FTSE 100 is forecast to step up sharply this morning as improving investor sentiment in Asia leaks across into European trading. The blue chip index is expected to record a respectable 66 point increase to 5908 as its pushes back towards the key 6000 mark. Indices in France and Germany are also expected to […]

CHICAGO/WASHINGTON – American Airlines and United Airlines, two of the largest U.S. carriers, said they were beginning furloughs of over 32,000 workers on Thursday as hopes faded for a last-minute bailout from Washington. Both airlines told employees, however, in memos seen by Reuters on Wednesday that they stood ready to reverse the furloughs, which affect […]

NEW YORK – U.S. stocks closed solidly higher on Wednesday as government leaders continued talks for a new pandemic relief package and positive economic data helped the major indexes end the third quarter in positive territory. All three major indexes surged after U.S. House of Representative Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin both […]

NEW YORK – U.S. stocks closed out a second consecutive quarter with sharp gains on Wednesday, but risks remain for stocks because the looming U.S. presidential election and mounting coronavirus cases could make investors cautious. The S&P 500 rose 8.5% for the third quarter, although it fell 3.9% in September in its first monthly decline […]