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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.

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