Monthly Archives: July 2017

European visitor numbers down after UK terror attacks

The UK’s tourism sector suffered after the terrorist attacks in London and Manchester with demand waning after each incident, new data has shown. The British Hospitality Association said the growth in long-haul bookings had cooled while there had been a […]

‘Lost decade’ of investment comes to an end as businesses ramp up spending

Business investment is picking up at last after “a lost decade” across the globe, raising hopes that the rise in economic growth could be sustained. Capital expenditure by businesses worldwide is set to rise by 6pc this year, analysts at […]

Biotech set for revival after administrators sell drug to US firm for $40m

A biotech company specialising in developing cancer drugs looks set to return to the London market after administrators agreed to sell the rights to a promising treatment for leukemia to a US company for $40m (£30m). RedX, which was previously […]

Stonegate makes £100m takeover offer for Revolution Bars

Slug and Lettuce owner Stonegate Pub has made a £100m takeover bid for Revolution Bars Group, just over two months after the cocktail bar’s shares plummeted 46pc in one week. Revolution was valued at £100m when it joined the London […]

Ripples from Tesco’s Booker deal are already being felt – but it is Sainsbury’s which has to make its move

Tesco’s £3.7bn deal for Booker has prompted Sainsbury’s scattergun approach to dealmaking A few months ago Tesco boss Dave Lewis confidently dismissed questions about whether his £3.7bn takeover for wholesaler Booker might come under further scrutiny because it would make […]

Daily Mirror publisher tightens squeeze on costs as sharp tabloid decline continues

Telegraph Business The publisher of the Daily Mirror is to tighten its squeeze on costs this year as a steep decline in print circulation and advertising sales continues. Trinity Mirror said that like-for-like revenues in July are were down 8pc […]

HSBC profits rise as Gulliver’s overhaul begins to yield results

Shares in HSBC inched up on Monday after its results for the first six months of the year showed that a major turnaround plan under boss Stuart Gulliver is paying off. The bank said it would buyback $2bn-worth of its […]

BNP Paribas snaps up estate agent Strutt & Parker

Estate agent Strutt & Parker has been snapped up by BNP Paribas after 12 months of speculation. The deal can be seen as a vote of confidence in the British property sector as it gives BNP Paribas Real Estate access […]

Discovery bulks up with £11bn Scripps takeover and goes into business with the BBC

Discovery Communications, the broadcaster behind Eurosport, will bulk up in the British television market after it agreed a $14.6bn (£11.1bn) takeover that will grant it joint ownership of the Dave and Gold channels. The heavily trailed acquisition of Scripps Networks […]

Keller shows signs of recovery despite slowdown in North American business

Telegraph Business A slowdown in commercial construction in parts of North America have marred an otherwise positive half year for foundations company Keller, which indicated it is beginning to recover after a slow year. Revenues for the group increased by […]