Simon & Schuster to let £2bn Penguin deal fall through November 21, 2022 Simon & Schuster owner is set to let its $2.2bn (£1.9bn) sale to Penguin Random House collapse today after the deal was blocked by US regulators. Sources told Reuters that German media group Bertelsmann, which owns Penguin, has been unable to convince Paramount Global, Simon & Schuster’s owner, to launch an appeal of the decision. [...]
Liverpool have ‘identified potential investors’, says owner John Henry March 7, 2023 Liverpool owner John Henry says they have “identified potential investors” but that his group’s commitment to the football club “remains stronger than ever”. Henry’s comments appear to open the door to the sale of a minority stake in the Premier League team, having appointed bankers to test the market late last year. But they also [...]
ITV ‘no longer’ exploring £1bn bid for Fleabag maker All3Media July 14, 2023 ITV has pulled out of a potential acquisition of All3Media, amid concerns any deal would not represent fair value for money.
CMA to examine electric vehicle sector December 2, 2020 The Competition and Markets Authority (CMA) is launching a market study into electric vehicle charging, following the government’s move to ban the sale of new petrol and diesel vehicles to 2030. The study will focus on the supply of chargepoints for plug-in hybrid and all-electric ‘passenger’ electric vehicles, comprising cars and light vans. The move [...]
Screenshot: Can the City harness the power of the Netflix model? August 13, 2021 This week **Media Moment of the Week: Victoria Derbyshire’s heels hiccup **Can the City harness the power of the Netflix model? **The CMA goes for GIFs Media Moment of the Week: Victoria Derbyshire’s heels hiccup Late on Wednesday evening prolific BBC presenter Victoria Derbyshire tweeted to say she’d be on air three times in a [...]
Post-Brexit powers mean regulators need greater oversight, City figures warn May 5, 2023 Ex-ministers and City figures have warned that the government is not doing enough to improve the scrutiny of regulators after Brexit, in a sign that past rows about protecting the independence of the UK’s top financial regulators could resurface in the coming months. Following Brexit, UK financial regulators, such as the Prudential Regulation Authority (PRA) and [...]
King’s Speech: Long-awaited audit overhaul green-lit as FRC scrapped for new regulator July 17, 2024 It is full steam ahead on the creation of the new audit watchdog as the new Labour government has unshelved the Audit Reform and Corporate Governance Bill
Citigroup raises Scottish chief Jane Fraser’s pay to £20.6m while slashing 20,000 jobs February 21, 2024 Citigroup has handed its Scottish chief executive Jane Fraser a six per cent pay rise to $26m for 2023, citing her bold plan to overhaul the Wall Street bank.
FCA rips up trading tape in post-Brexit rules overhaul July 5, 2023 The FCA has tabled a slew of reforms to City rules to try and keep the capital competitive
City regulators set for fresh scrutiny as ministers push post-Brexit reforms May 21, 2023 Ministers are looking to strengthen their oversight of financial regulators and boost accountability for decision-making as part of post-Brexit plans to rein in regulatory red tape and fuel the growth of the City.