Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Monday Papers: Comcast to preserve Sky’s independence

Monday Papers: Comcast to preserve Sky’s independence

Top stories

  • Financial Times: Comcast has assured that Sky will operate independently after its £30 billion takeover from the American media giant.
  • The Daily Telegraph: Anti-corruption groups Corruption Watch and Transparency International have urged City regulators to investigate UK links to a €200 billion dirty money scandal at Denmark’s largest lender, Danske Bank.
  • The Times: The European Medicines Agency, which is being moved to Amsterdam after Brexit, is this week preparing for a court battle with Canary Wharf, its landlord, as it fights to get out of a £500 million office lease.
  • Financial Times: A former employee of Apollo Global Management has criticised the group for the scale of asset management fees charged to create a life insurance company, Athene Holding, in the wake of the financial crisis.
  • Financial Times: Labour Party is planning to unveil policies under which every large British company would be forced to hand over 10% of its equity to workers.

Business and economics

  • The Times: Donald Trump’s escalating global trade war has created “enormous appetite” among his officials for a post-Brexit pact with Britain, according to the National Farmers Union.
  • Financial Times: Brookfield Asset Management and Global Infrastructure Partners are vying to raise $20 billion each for what will be the world’s biggest unlisted infrastructure funds.
  • Financial Times: The Avon lady is getting a digital makeover in a belated campaign by the beauty company to put new emphasis on social media.
  • The Guardian: A dramatic expansion in demand from airlines will push world oil production to new highs over the next five years, offsetting the arrival of electric cars, according to a report from Opec.
  • The Times: Cash transfer app Revolut is set to double its staff levels at its base in London in the next two years after its turnover leapt by 500% to almost £13 million last year.
  • The Daily Telegraph: The Bank of International Settlements has warned that surging risky debts, rocky financial markets and signs of a growth slowdown threaten to strike the world economy at a time when central banks have little ammunition left to fight back.
  • Daily Mail: The rush to claim PPI compensation has enticed huge numbers of Britons to make dishonest claims for mis-sold payment protection insurance, one of the country’s most senior bankers, Barclays chairman John McFarlane, has said.
  • The Times: Shareholder Action Group, set up to sue the Royal Bank of Scotland over its £12 billion rights issue in 2008, could be investigated by police.

Share tips, comment and bids

  • The Daily Telegraph (Questor share tips): BUY Auto Trader.
  • Daily Mail: The private equity arm of Lloyds Banking Group is in talks to buy a substantial stake in Halewood Wines & Spirits as part of a deal that could value the maker of Crabbie's ginger beer at up to £300 million.
  • The Daily Telegraph: Clydesdale bank has joined the race for an £833 million competition to be sold by rival Royal Bank of Scotland, with plans to bolster its business bank with 150 extra recruits.
  • The Daily Telegraph: Failed fashion brand Orla Kiely’s administrators are seeking a buyer for the business.
  • The Times: Greybull Capital has bought a majority stake in Redeem Group, one of Britain’s largest mobile phone recyclers, as the pre-owned smartphone market has hit an estimated value of £14 billion.
  • The Daily Telegraph (Comment): Amazon's size alone is starting to become a headache.
  • The Times (Comment): When it comes to post-Brexit trade, the EU is not the only chess game in town.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Tim Steer: fund managers will have to get 'stuck in'

Tim Steer: fund managers will have to get 'stuck in'

The second part of our film with former Artemis and New Star fund manager Tim Steer looks at how his profession has evolved over the past two decades.

2 Comments Play Tim Steer: how to spot a stock disaster coming

Tim Steer: how to spot a stock disaster coming

The former Citywire AAA-rated fund manager has written a book on 22 stock disasters and how forensic examination of annual reports could have spotted them coming.

Play CEO tapes: the gap between best and worst alternatives is stark

CEO tapes: the gap between best and worst alternatives is stark

In the final part of our series we take a look at the rise of illiquid investing and whether it really serves in clients best interests.

Read More
Your Business: Cover Star Club

Profile: why the world of wealth is fracturing

Profile: why the world of wealth is fracturing

The problem with wealth management, according to Robert Paul, London & Capital’s youngest ever partner, is that it is very antiquated.

Wealth Manager on Twitter