Boost for Comcast in Murdoch battle as Matt Hancock signals no probe of Sky bid

The Government has boosted Comcast in its battle with 21st Century Fox for control of Sky by signalling it will not face the same close scrutiny that has delayed the Murdoch takeover. Matt Hancock, the Culture Secretary, said he was […]

City watchdog bans finance boss of firm owned by couple dubbed ‘vampires of debt’

The former finance boss of a collapsed debt management company that was used by a couple to fund their luxurious lifestyle has been banned from the City. Adrian and Christine Whitehurst, dubbed the “vampires of debt”, set up First Step […]

Hyundai backs off restructuring in win for activist investor Elliott

South Korea’s Hyundai Motor Group has shelved a controversial restructuring plan in a victory for a group of rebel shareholders including feared activist investor Elliott Management. The shake-up – which was due to be put to an investor vote next […]

Court drops criminal charges against Barclays related to £12bn Qatari crisis funding

Criminal charges against Barclays over its £11.8bn emergency cash call at the height of the financial crisis have been dismissed in court. The high street lender had faced two charges of conspiring to commit fraud in relation to the 2008 […]

M&S bolsters its board with two new directors ahead of crunch results

Marks & Spencer has bolstered its board with two new non-executive directors ahead of crunch results this week in which it is expected to reveal plans to close more stores. Katie Bickerstaffe, formerly UK and Ireland boss of electricals seller […]

First flights to leave Kuwait International's T5 on Tuesday

Jazeera Airways on Monday confirmed that the first flights will leave on Tuesday from its new dedicated terminal (T5) at the Kuwait International Airport. The airline will operate flights to Cairo, Doha, Dubai, Alexandria and Sohag on the first day […]

UAE's Azizi says on track to complete Al Furjan tower soon

UAE-based Azizi Developments has announced that its upcoming residential project in Al Furjan, Azizi Shaista, is on track towards completion. The structure of the building is complete, with installation and finishing works currently in progress, the developer said in a […]

Dubai's DAE signs $480m financing deal, could rise to $800m

Dubai Aerospace Enterprise (DAE) has announced that it has signed a landmark unsecured four-year revolving credit facility with an initial commitment of $480 million which could be increased to up to $800 million. The facility includes both conventional and Islamic […]

US regulators finally approve potential blockbuster drug for AstraZeneca

US regulators have given the green light to a crucial drug in AstraZeneca’s pipeline, two years after blocking approval because of concerns over the way it was manufactured, sending shares in the company up by nearly 2pc in morning trading. […]

BA’s owner plans third £1.3bn bid for Norwegian, reports claim

The owner of British Airways is planning a third offer for no-frills rival Norwegian that would value the airline at £1.3bn, reports suggest. International Airlines Group’s latest offer, which follows two failed bids revealed earlier this month, is worth 330 […]