moneymarkets

Entering the ring: London-based DAZN will screen Anthony Joshua’s fights in America Billionaire Warner Music owner Len Blavatnik is plotting a blockbuster London stock market flotation of his broadcasting service, dubbed the ‘Netflix of sport’. Hammersmith-based DAZN, which was acquired by Blavatnik’s Access Industries in 2014, is understood to be drawing up options, including a … Read more

STOCK MARKET WATCHLIST: Life after Sir Martin Sorrell sees WPP seek buyer for its £3bn market research firm Kantar By Edited By Jamie Nimmo For The Financial Mail On Sunday Published: 21:48 BST, 13 April 2019 | Updated: 10:13 BST, 15 April 2019 WPP’s post-Sorrell clear-out kicks off in earnest this week. The advertising giant … Read more

Stagecoach mulls a takeover of the UK’s largest bus operator Arriva after it goes up for sale City sources said Stagecoach is interested in buying Arriva’s bus business   Arriva has been put up for sale by German Transport giant Deutsche Bahn  It operates more than 5,000 buses in Britain and has divisions across Europe By … Read more

Ford told to ‘come clean’ over factory closures and the future of its British operations as it faces pressure to cut costs in Europe By William Turvill, Financial Mail On Sunday Published: 21:49 BST, 13 April 2019 | Updated: 11:06 BST, 14 April 2019 Unions are calling on Ford to ‘come clean’ over the future … Read more

Mike Ashley ally Crispin Odey ‘made £30m after shorting Debenhams stock’ before chain’s crash Odey previously backed the Sports Direct boss in boardroom disputes  City sources say he made £30m shorting Debenhams stock before it crashed The short is likely to have contributed to Odey’s strong performance  By Ben Harrington, Financial Mail on Sunday Published: … Read more

A massive reorganisation at department store chain Debenhams could take up to two years after it spiralled into administration last week. The £2.3billion turnover company plans to close as many as 50 of its 165 stores in a sweeping change that will see it cast off debts and scrap leases. Last week, lenders used their … Read more

It’s an industry most of us associate with dingy, smoke-filled bars in Amsterdam and the more liberal states in the US and Canada. But cannabis companies are making their way to London to tap into a £100billion European market and cash in on the Square Mile’s so-called ‘green rush’ among investors. In the past few … Read more

Ocado admirers deliver a near £10bn valuation following its supply agreement with M&S M&S agreed in February to replace Waitrose as its main delivery partner in 2020 The company’s share price closed at a peak of £14.35 on Wednesday The shares settled back to £13.96 on Friday evening  By Neil Craven, Financial Mail on Sunday … Read more

Activist investor Oasis Management throws its support behind Superdry founder Julian Dunkerton as he seizes back control Oasis has bought 3.3 per cent of the fashion firm’s shares It is understood to have met with Dunkerton since he was reinstated as director Support from Oasis is a boost to the entrepreneur and his team  By … Read more

Edward Bramson’s stalking of Barclays bank reaps him £7m in fees since securing support from investors Bramson is trying for a place on Barclays’ board at its shareholder meeting  He helped build a 5.5% stake in the bank with backing from major institutions Bramson will earn a hefty fee from the vehicle he set up to … Read more