Hammonds in merger talks with American legal rival

first_imgWednesday 25 August 2010 8:52 pm whatsapp Hammonds in merger talks with American legal rival whatsapp Show Comments ▼ KCS-content Share UK law firm Hammonds confirmed yesterday that it is in merger talks with American rival Squire Saunders & Dempsey, marking an increasing trend of trans-Atlantic consolidation within the legal sector. Discussions between the two legal outfits are at an early stage, but should they merge, the consolidated firm is expected to generate annual revenue of $625m (£405m). Currently the firms are undergoing due diligence with expectations that a decision to merge will be brought to a partnership vote before the end of the year. Hammonds managing partner Peter Crossley said a merger with Squire Saunders would help the firm to meet its long-term growth strategy.He said: “Operating as one firm around the world is a foundation of the Hammonds culture which is shared by Squire Saunders.” Senior management at both law firms notified partners yesterday of thier intentions to join forces. Hammonds needs 75 per cent of its partners to vote in favour of the merger to go through, while Squire Saunders needs support from two-thirds of its partnership.Should the merger go through, it will mark the third significant trans-Atlantic tie-up in the legal sector this year. In May, City based law firm Lovells officially merged with Washington’s Hogan & Hartson, while Denton Wilde Sapte announced in the same month its plans to merge with Sonnenschein Nath & Rosenthal. More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comConnecticut man dies after crashing Harley into live bearnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com Tags: NULLlast_img read more

CARLUCCIO’S SOLD IN £90m DUBAI DEAL

first_img CARLUCCIO’S SOLD IN £90m DUBAI DEAL KCS-content Tags: NULL Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Thursday 2 September 2010 7:35 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldcenter_img whatsapp Share Show Comments ▼ Italian restaurant chain Carluccio’s yesterday agreed to a £90.3m takeover by Middle Eastern retail giant Landmark Group. Dubai-headquartered Landmark has offered 142p a share in cash for Carluccio’s, which has 47 restaurants and food shops in the UK. Landmark plans to keep on Carluccio’s existing management team, including chief executive Simon Kossoff and chairman Stephen Gee. whatsapplast_img read more

European Central Bank offers banks a safe haven

first_img Show Comments ▼ whatsapp Share Tuesday 7 September 2010 10:38 pm BANKS accepted lowly returns on their cash from the European Central Bank (ECB) yesterday, highlighting the appeal of the ECB’s safe-haven status in the ongoing environment of money market tension.The ECB comfortably attracted the €61bn (£50.6bn) it needed from banks to offset the controversial Eurozone government bond purchases it has made since May.The ECB paid a weighted average interest rate of 0.33 per cent on the one-week deposits, the same as a week earlier.It is also well below the 0.5 per cent available on open markets, highlighting banks’ preference to park cash at the ECB rather than lend it more profitably to peers.The ECB takes seven-day deposits from banks on a weekly basis to match the amount it has spent buying government bonds – a controversial tactic it turned to in May in a bid to calm the Eurozone government debt crisis. KCS-content Tags: NULL whatsapp European Central Bank offers banks a safe haven More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.com last_img read more

Barratt

first_img WHETHER you deem Barratt a good buy depends on whether you are a bull or a bear on the housing market next year. For the bulls, there are plenty of positives: net debt has fallen £910m to £367m since last year, forward sales are up 22 per cent to £847m and crucially operating margin has surged to 4.4 per cent from 1.5 per cent. Despite this the shares are trading at just half Barratt’s net asset value, lower than all their UK peers, and pricing in a significant house price fall. Admittedly, while sale prices have gone up – 17.8 per cent in the past six months – this is because Barratt is currently building more houses than flats to reflect shifting demand, rather than prices rising.But its landbank is short – just five-and-a-half years, meaning it can trade out of difficult conditions relatively quickly. It also has good exposure in London – where prices are holding up well. It’s a high risk buy, but currently Barratt looks oversold. Barratt Wednesday 8 September 2010 7:56 pm Show Comments ▼ whatsapp Share Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof whatsapp KCS-content Tags: NULLlast_img read more

IS Pharma prepares to buy

first_img KCS-content Pharmaceutical products supplier IS Pharma yesterday announced it will raise £12.5m to fund an acquisition drive.The new fundraising comes after the firm raised £3.6m last month by placing new shares. Some of the cash raised will go towards covering contingent payments for past acquisitions. It will be added to its cash balance of £5.1m.The firm also reported its revenue rose 10 per cent to £6.5m year-on-year for its first half.Its profit jumped an impressive 21 per cent to £4.5m, with gross profit margins of 68 per cent, compared to 62 per cent last year.Profit from operations was up 98 per cent to £1.8m with profit after tax up 192 per cent.Tim Wright, chief executive of IS Pharma, said: “We are pleased to report another period of strong performance as we continue to deliver against our strategy of building a significant European speciality pharmaceutical company. “The IS Pharma team has, once again, achieved further, sustainable, revenue and profit growth while at the same time continuing to grow our product portfolio. “The announcement of a dividend in the period represents a significant step in the history of the company, recognising that we are now able to reward our shareholders investment while continuing to pursue our growth strategy. IS Pharma acquires and commercialises late-stage pharmaceuticals and medical devices.STEPHEN NORCROSSFINNCAPSTEPHEN Norcross was lead corporate broker on the placing.Norcross joined FinnCap in 2006 from St Helen’s Capital, where he had been head of the Equity Products Group. At St Helen’s Capital he dealt with high net worth individuals and institutional investors interested in growing companies.Before working in the City Norcross had a general sales background, having run his own direct sales force in a number of industries. He studied Physics at University.He has been running a number of small cap fundraisings since 2006 totalling around £200m.FinnCap, led by chief executive Sam Smith and chaired by private equity veteran Jon Moulton, is an independent institutional broker and corporate adviser to 73 clients. It specialises in advising and raising capital, providing research and after-market care for both growing and established smaller companies. It last month hired former fund manager Tom Hayward from Herald Investment Management, where he was responsible for £50m venture capital funds, as its new finance director. whatsapp Share Tags: NULL More From Our Partners Fort Bragg soldier accused of killing another servicewoman over exthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKansas coach fired for using N-word toward Black playerthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comKiller drone ‘hunted down a human target’ without being told tonypost.comColin Kaepernick to publish book on abolishing the policethegrio.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com Wednesday 10 November 2010 7:37 pm Show Comments ▼ IS Pharma prepares to buy whatsapplast_img read more

Serco on track to hit targets

first_img Share whatsapp KCS-content Tags: NULL GOVERNMENT moves to cut costs by contracting out services have paid off for support service group Serco, putting it on course to hit targets and boosting its shares.The group’s stock rose 8.5p to 571.5p after it said it was on track to boost revenue to about £5bn by the end of 2012 and to lift operating profit margins by 6.3 per cent.Serco, which runs London’s cycle hire scheme and Docklands Light Railway, several prisons and Dubai’s recently opened underground system, also said it was on track to hit its financial targets this year.Chief executive Christopher Hyman said pressure on governments to reduce budget deficits was resulting in more business for the firm.“There remains strong global demand for the efficient delivery of essential services,” he said.Serco last week struck a deal with ministers to reduce the cost of its contracts after an earlier bid to make some suppliers shoulder the burden of savings backfired on the group.The company had to apologise to sub-contractors after angering the government by writing to suppliers demanding rebates on contracts in the first half of 2010.The group has won orders worth £4.5bn in the year to date, including a £650m environmental services deal with a council in the West Midlands and a £110m contract with King’s College hospital.The group said passengers on the Dubai Metro had made more than 30m journeys in its first year, while more than 100,000 people had joined London’s bike scheme.In the US, the US navy handed it two deals worth a total of $130m to provide logistics support and to manage hazardous materials. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solution whatsappcenter_img Monday 15 November 2010 7:58 pm Serco on track to hit targets Show Comments ▼ Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wraplast_img read more

CITY VIEWS: WILL THE GOVERNMENT’S PLANS EASE TRAIN CONGESTION?

first_img Tags: NULL CITY VIEWS: WILL THE GOVERNMENT’S PLANS EASE TRAIN CONGESTION? More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was Famous, Now She Works In {State}MoneyPailUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemUndo Share Show Comments ▼center_img whatsapp DAVID TOPPING | ACCOUNTAGILITY“I think it might be enough, though I would need to see how the increase would be implemented. I am nervous how the government and rail companies plan to pay for this. The government is not in control of rail companies and rail users are a captive audience.”MATTHEW WRIGHT | PHONE PROFESSIONAL“A 17 per cent increase won’t be nearly enough to relieve congestion. I certainly won’t accept a rail fare increase, as fares are already too expensive as it is. What they need to do is serve more destinations with their trains.”RINITA SMIT| RSA GROUP“Rails are congested, and more trains would be great. However, increased fares and taxes wouldn’t be worth it. We are all struggling because life costs are rising, and rail costs are already too high.” Thursday 25 November 2010 8:03 pm whatsapp KCS-content last_img read more

Prudential plans to double sales in Asia

first_img whatsapp whatsapp Share Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof PRUDENTIAL boss Tidjane Thiam unveiled his strategy for expanding the company in Asia in the wake of the firm’s botched bid for AIA, sending shares up 5.6 per cent to 600p yesterday. Thiam, who came under intense shareholder pressure to stand down following his £22.7bn bid for the Asian life insurer, told investors he aims to double Asian premiums by 2013, delivering £300m to group turnover. He said a more diverse product mix coupled with better returns on investments and benefits of scale would contribute to the gains. “Prudential aspires to be one of the winners in the post-financial crisis world, with all of our businesses performing strongly. Our strategy is sound and we continue to pursue it with the operating discipline that has delivered excellent results on all measures over a sustained period,” said Thiam. Shore Capital analyst Eamonn Flanagan said the targets for growth and cash were ambitious. “We view these as challenging especially given the current economic climate, but they should demonstrate the virtue and scale of the group’s operations in Asia.” Prudential reported £713m pre-tax profit in 2009 and a stronger-than-expected 17 per cent rise in quarterly sales in November, helped by growth in its Asian markets. Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter Centerthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comcenter_img KCS-content Wednesday 1 December 2010 8:22 pm Prudential plans to double sales in Asia Tags: NULLlast_img read more

SMELLING OF ROSES IN CAMERON’S NEW COURT

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGem SMELLING OF ROSES IN CAMERON’S NEW COURT whatsapp Share Sunday 19 December 2010 9:49 pm KCS-content whatsapp AND so it came to pass. Outgoing Marks & Spencer chief Stuart Rose has wasted little time in finding another gig for himself: he’s been offered a job working on David Cameron’s “happiness index”, a headline-grabbing little initiative being led by the Office for National Statistics to monitor our “national wellbeing” as a supplement to GDP.But wait! Wasn’t it all foretold many months ago? The Capitalist recalls Rose’s pre-election appearance on the BBC’s Question Time programme in October last year.He proved remarkably evasive, fending off David Dimbleby’s questions with a chuckle and a comment that he was being asked “all the political questions tonight”. “It’s a political programme,” Dimbleby responded with some surprise. But fellow panellist Ian Hislop, editor of Private Eye, was quick to pick up on Rose’s reticence. Was Rose, perhaps, maybe, planning to go off and get a job in government, he wanted to know.Answer came there none.THE SEASON OF GIVINGIt seems the merry men of Hargreaves Lansdown are raking it in this Christmas. The firm’s head of pensions, Tom McPhail, was tapping away on Twitter on Friday, under the cute pseudonym @pensionsmonkey, and he had a plea, for the sake of his burgeoning colleagues: “Could all fund managers please stop sending our investment team Christmas delicacies; they are already overweight and have no shame.”A message to those same generous fund managers: the slim ladies of the City A.M. investments team have no such problems.OUT OF THE HATIn an end-of-year note to investors, Renaissance Asset Managers’ chief investment officer Plamen Monovski had some unusual predictions for 2011, “the year of the rabbit”. Among his forecasts: US equities will grow strongly, investors will flee the BRICs and “a few” global luxury brands will collapse. But be warned: the forecasts were clearly labelled “for professional investors only”. Show Comments ▼ Tags: NULLlast_img read more

Competition Commission called on bid for BSkyB

first_img Competition Commission called on bid for BSkyB KCS-content MARKET regulator Ofcom has recommended a full Competition Commission enquiry into the approach for British Sky Broadcasting by Rupert Murdoch’s News Corp should take place, according to reports.The Department of Culture, Media and Sport received the regulator’s report on the impact on media plurality the £7.5bn deal could have on the 31 December last year.Yet the Whitehall department has yet to publicly announce the findings, or any action on the report, however speculation yesterday suggested culture secretary Jeremy Hunt had passed the report to the Competition Commission.Media tycoon Rupert Murdoch had bid to buy the shares in BSkyB that News Corp does not already own, in a deal that valued the broadcaster at roughly £12bn.Business secretary Vince Cable was stripped of the power to adjudicate on the News Corp takeover, after he claimed to have “declared war” on Murdoch in an undercover interview. Culture secretary Jeremy Hunt was handed the power to decide. whatsapp Read This Next’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe WrapHow HGTV’s ‘Renovation Island’ Changed Bryan and Sarah Baeumler’sThe Wrap’Bridgerton’ Stars Phoebe Dynevor and Nicola Coughlan on Daphne andThe WrapBest Wine Gifts & Wine Accessories at Every PriceGayot’Hitman’s Bodyguard’s Wife’ Earns $17 Million 5-Day Opening as Box OfficeThe WrapFox News’ Mark Levin Says Capitol Riot Suspects ‘Would Be Treated Better’The WrapEverything We Know, or Think We Know, About the Time-Keepers on ‘Loki’The Wrap’The Crown’: What Went Into Finding Princess Diana and Margaret ThatcherThe Wrap Thursday 13 January 2011 8:16 pm Sharecenter_img Tags: NULL Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com whatsapplast_img read more