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.

Sunday Papers: Coca-Cola and Heinz in £3bn battle for Horlicks

Sunday Papers: Coca-Cola and Heinz in £3bn battle for Horlicks

Top stories

  • The Sunday Telegraph: US drinks giant Coca-Cola is considering a £3 billion bid for Horlicks after GlaxoSmithKline put the 145-year-old brand on sale; other potential bidders include Kraft Heinz and Nestle.
  • The Sunday Times: Clydesdale and Yorkshire banks’ £1.6 billion takeover bid for Virgin Money is expected to be accepted by the owner tomorrow.
  • The Sunday Times: The expected takeover of Sky later this year will award its senior staff a pay-out of at least £350 million; 21st Century Fox and Comcast are into bidding war to acquire the pay-TV operator.

Business and economics

  • The Observer: World Cup is expected to boost UK sales of big-screen televisions as John Lewis reported sales jumped on day of opening ceremony with expectations of further increases before England’s first game.
  • The Sunday Telegraph: Dixons Carphone faces a 23% drop in pre-tax profits to £382 million, heaping further misery on the troubled retailer in the wake of the company admitting it had been struck by a massive data breach.
  • Mail on Sunday: Online estate agent Purplebricks is planning to launch its business in Las Vegas and Phoenix next week, expanding its US footprint.
  • The Sunday Times: Hedge fund tycoon Crispin Odey is threatening to unravel a deal that would settle a long-running tax dispute between London-listed Acacia Mining and the Tanzanian government.
  • The Sunday Telegraph: The long delayed verdict on plans to build £1.3 billion Swansea Tidal Lagoon could emerge as early as this week, which was expected to have been announced last week.
  • The Sunday Times: Rolls-Royce has secretly filed a patent for a new class of electric engine, which could be one of a string of possible designs that the company believes will one day allow planes to be powered by electrons rather than jet fuel.
  • The Sunday Times: Under a new European copyright regime that will come into force next year, YouTube will have to significantly increase the amount it pays to record labels for their music.
  • The Sunday Telegraph: Out-of-pocket creditors of the collapsed tech company Ve Interactive are pursuing its bankrupt founder David Brown for £60 million.

Share tips, comment and bids

  • The Sunday Times: The German insurance giant Allianz is said to have been working with investment bankers for several months for a large-scale acquisition, with a possible takeover approach for FTSE 100 rivals RSA and Aviva among options being considered.
  • The Sunday Times: Immotion Group, a tech start-up that produces virtual reality experiences used in shopping malls and theme parks, is planning to float on AIM to raise £5 million.
  • The Sunday Telegraph: Aim-listed The People’s Operator is selling its US customer base to raise new funding after warning shareholders its cash pile is dwindling and its lender is circling.
  • The Sunday Telegraph (Comment): Why you shouldn't write off Russia's economy – despite bad relations with the West, it's deceptively resilient.
  • The Observer (Comment): Ten years on, how countries that crashed are faring.
  • The Sunday Telegraph (Comment): The finance industry must have a sense of purpose.
  • The Sunday Times (Comment): One way to stop China controlling cobalt.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
2 Comments Play James Anderson: my great fear and hope for the next 10 years

James Anderson: my great fear and hope for the next 10 years

Co-manager of Scottish Mortgage Trust says the financial world has not changed since the banking crisis but predicts the next decade will bring unprecedented upheaval in all areas of the market.

1 Comment Play What wealth managers told clients the day Lehmans went bust

What wealth managers told clients the day Lehmans went bust

We asked wealth managers to go back in time at Citywire North as the 10-year anniversary of the Lehmans collapse approached.

Play Citywire North: video highlights

Citywire North: video highlights

We present the highlights from our annual wealth event at Rudding Park in Harrogate.

Read More
Your Business: Cover Star Club

Profile: UBS' new UK boss on her plans to win wealth

Profile: UBS' new UK boss on her plans to win wealth

UBS’s wealth arm might be the fourth biggest in the UK, but it still has only 4% of the market share, says incoming boss Eva Lindholm

Wealth Manager on Twitter