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
Play Wealthify's Pearce: how online DFMs can build trust

Wealthify's Pearce: how online DFMs can build trust

In this video Cardiff-based Wealthify founder Michelle Pearce also discusses online DFM suitability failings and not being London-centric.

1 Comment Play Citywire Scotland: how wealth managers use new tech

Citywire Scotland: how wealth managers use new tech

We caught up with a few wealth managers at our annual event in Gleneagles to find out what technological innovations they are employing across their businesses.

1 Comment Play CEO Tapes: Buxton to Gilbert - ‘my Glencore quandary’

CEO Tapes: Buxton to Gilbert - ‘my Glencore quandary’

Do not miss the first two minutes of this film as Richard Buxton shares how he has been challenged by a client for owning shares in a certain company.

Read More
Your Business: Cover Star Club

Profile: why this Brewin manager went solo before hitting 30

1 Comment Profile: why this Brewin manager went solo before hitting 30

More and more wealth managers are striking out alone, but few have the bottle to attempt this in their 20s

Wealth Manager on Twitter