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DMGT is frontrunner in pack of publishers after being asked into exclusive talks by owners
The owner of the Daily Mail has emerged as the frontrunner to buy the i newspaper after being asked to enter exclusive talks by the i’s parent, JPI Media.
Daily Mail & General Trust is involved in an auction of assets put up for sale by JPI Media, formerly known as Johnston Press, which publishes more than 200 regional titles including The Scotsman and Yorkshire Post.
Continue reading...Watchdog says it will carry out investigation if concerns over £90m deal are not addressed
The UK’s competition watchdog has said JD Sports’ £90m deal to buy its smaller rival Footasylum could result in higher prices and that it will carry out an investigation unless JD can address its concerns.
The Competition and Markets Authority (CMA) said its initial investigation found the deal could result in a “substantial lessening of competition”.
Continue reading...Travel firm wants delay to bondholders’ meeting as it tries to stave off financial collapse
The beleaguered travel firm Thomas Cook will on Monday request a delay to a key bondholders’ meeting on Wednesday to try to maximise the chances of securing a £1.1bn emergency rescue package to help stave off imminent financial collapse.
The company is involved in 11th-hour talks as it seeks to finalise the terms of the proposed restructuring agreement with the Chinese conglomerate Fosun, its lenders and bondholders.
Thomas Cook owes its name to a humble and deeply religious 32-year-old cabinet-maker who, one June morning in 1841, hiked the 15 miles from his home in Market Harborough to Leicester, to attend a temperance meeting.
Continue reading...There is never a good time for a blackout, but for Britain’s energy companies the timing of last month’s power failure could scarcely have been worse.
The best that the owners of the UK’s energy pipes and wires can expect in the coming years is a tighter squeeze on their deflated profits by the industry regulator. A Labour government could support nationalisation. In the meantime, investors are turning their backs on energy network companies.
Why did multiple failures cascade through the system following a single lightning strike?
Continue reading...Improving rail links in the north is a far better use of £80bn-plus than continuing with a delayed project
The future of HS2, Britain’s most ambitious infrastructure project, is hanging by a thread after the transport secretary, Grant Shapps, announced a delay of up to five years to complete its first phase, accompanied by a massive increase in the estimated cost.
For the beleaguered construction sector, the timing could hardly have been worse. Orders for new work have been drying up at a rate not seen for a decade, so the scrapping of such a large infrastructure project would come as a severe blow.
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