Sky, BP and Debenhams: Today's City headlines

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Some of Sky’s biggest investors sold hundreds of millions of pounds’ worth of shares just days after Rupert Murdoch launched his £18.5 billion bid for the group, it has emerged.

The new chief executive of Debenhams is cutting back on some of the older fashion designers who have been selling ranges at the department store for decades as he tries to freshen up its cool credentials.

BP was back on the dealmaking rampage on Monday, investing nearly $1 billion (£801 million) in a huge African natural gas field that could cover Britain’s gas needs for two decades.

London’s most popular restaurant chains have demanded thatTheresa May ease the “crippling” burdens caused by a perfect storm of soaring business rates, taxes and the weak pound.

Barclays is getting ready to show 7000 trading clients the door unless they increase the business they do with the bank.

More than a third of London businesses are put off by the cost of apprenticeships, dealing a blow to the Government’s ambitions of achieving three million new starters in 2020.

Investors in Ashtead have been happy to take Donald Trump’s word for it, but on Monday they cast doubt over his ambitious spending plans in the US.


Perkbox founders Chieu Cao and Saurav Chopra say their platform drastically reduces staff.


Jim Armitage looks at why some fund managers are selling their shares in Sky.

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December 20, 2016 |
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