Monthly Archives: November 2017

IAG ‘considering renewed Niki bid’ as doubt cast on Lufthansa takeover

British Airways owner IAG is reportedly considering once again bidding for Austrian airline Niki, as Lufthansa faces pushback from competition authorities over its purchase. Lufthansa signed a €210m (£184m) deal to buy half of the assets of collapsed carrier Air […]

Market report: Serica joins big league as shares rocket

Oil explorer Serica Energy shook off its market minnow status on Thursday after doubling its valuation in one stroke on readmittance to London’s junior market as investors backed its ambitious £300m swoop for three of BP’s North Sea fields. Serica […]

Four Seasons urged to accept standstill offer to avoid administration

The main lender to Four Seasons Health Care has urged the troubled care homes operator to agree to a debt standstill before an interest payment deadline threatens to push it into administration. H/2 Capital Partners, the dominant owner of Four […]

Investor accused of ‘damaging’ the LSE refuses to walk away from board battle

Hedge fund billionaire Sir Christopher Hohn has refused to walk away from his bitter battle with the London Stock Exchange, instead insisting on a shareholder vote to oust chairman Donald Brydon. Sir Christopher, who runs The Children’s Investment Fund (TCI) […]

UK’s ‘bad bank’ to sell further Bradford & Bingley loans

The “bad bank”, established by the Government to manage the assets of collapsed lenders Northern Rock and Bradford & Bingley, will on Thursday lay out plans to offload £5.5bn of housing loans through an auction. UK Asset Resolution (UKAR) is […]

Brexit threat to UK strawberries, MPs warned

The future of soft fruit production in the UK is at risk unless the UK can agree frictionless trade with the EU, MPs were warned on Wednesday. Speaking in front of the Exiting the European Union Committee, Sian Thomas, of […]

UK free to scrap excessive EU red tape after Brexit, says Carney

Telegraph Business Britain can free its banking system from the burden of excessive EU red tape after Brexit – and can instead focus on the important rules which keep the financial system safe, Mark Carney, the Bank of England’s Governor, […]

Will the Mayor of London’s ambitious new homebuilding strategy actually work? Don’t bet the house

Much as last week’s Budget became centred on housing policy, so too has Sadiq Khan’s tenure as Mayor of London. The capital faces an uphill struggle to build the homes it needs to meet demand, and Mr Khan has had […]

UK growth forecast wins an upgrade on Brexit divorce deal

Telegraph Business Britain’s economy should grow faster in 2018 and 2019 as the expected agreement of a Brexit divorce bill – reported by the Daily Telegraph as €45bn to €55bn – should inspire more confidence in businesses and households. Berenberg […]

Restoring Beeching-era rail lines could boost house prices

Business Reopening rail lines closed during the notorious Beeching cuts of the 1960s could boost house prices in places such as Ashington, Okehampton and Skipton which have found themselves less desirable in recent years, research has found. Property agency Savills […]