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November 12, 2015UncategorizedAgamennone Sal

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Santander rejected £11bn Natwest bid for UK business
Santander rebuffed an £11bn bid for its UK retail banking division from Natwest earlier this year because it was was too low. The two lenders are no longer in negotiations, according to people familliar with the matter cited by the Financial Times, despite consistent speculation about the fate of the Spanish financial juggernaut’s UK business. […]
John Textor’s $2bn Eagle Football Holdings IPO filing ‘imminent’
Crystal Palace co-owner John Textor is understood to be close to confirming a filing with the SEC for an IPO in his multi-club group, Eagle Football Holdings. Textor has been gearing up for the IPO in Eagle Football as part of a $1.1bn debt and equity recapitalisation, and announced in November that he had raised […]
Office for National Statistics chief resigns over ‘health issues’
The head of the Office for National Statistics (ONS) has resigned because “ongoing health issues” mean he could not give the organisation the “full commitment” required to drive it forward. Sir Ian Diamond, who was appointed the UK’s national statistician in 2019, has stepped down with immediate effect, the UK Statistics Authority (UKSA) said in […]
US-UK trade announcement: “this isn’t a deal, it’s an amuse-bouche”
The morning after the US-UK trade agreement was announced, experts are beginning to wrap their heads around what the deal entails, and reactions are trickling in. The overriding sense is that in the absence of any granular detail on what the deal means for several industries, there is still hope that the UK government can […]
This is why the UK’s tech tax still riles Washington
The UK and US have trumped a new trade framework aimed at unlocking growth between the two allies, but one key irritant remains notably unresolved: Britain’s tech tax or Digital Services Tax (DST). The two per cent levy, introduced in 2020 under Boris Johnson, continues to rankle American officials, particularly because it disproportionately affects the […]
Shield to prove himself Invincible in classy Sha Tin sprint
SHA TIN racegoers have a treat in store when some of the top four-year-old sprinters in the territory line-up in the Pok Fu Lam Reservoir Road Handicap (10.45am) over six furlongs. This mouth-watering encounter includes the likes of the John Size-trained Wunderbar, the only horse to beat world’s best sprinter Ka Ying Rising, highly-progressive Fast […]
Top Gun can shoot past rivals for Lor and Atzeni
RACING fans in Hong Kong need to keep a beady eye on the weather before the action starts with a 10-race programme at Sha Tin on Saturday. With rain and showers forecast over the weekend and thunderstorms developing in the territory, it’s anyone’s guess as to what surface conditions will be like during the action. […]
Bailey: Benefits of UK-US trade deal will depend on other agreements
Bank of England Governor Andrew Bailey has heralded the trade deal struck between the UK and US as “good news”, but cautioned that the UK’s economic prospects will still depend on agreements the US reaches with other trading partners. Speaking at an event in Reykjavik, Bailey welcomed the partnership announced by Donald Trump and Keir […]
Zara boss calls for crackdown on fast-fashion tax loophole
The head of Zara’s parent company has called for a US-style crackdown on shipments of small goods in Europe to “level the playing field” between Chinese and European firms. Chinese giants Shein and Temu have heavily disrupted the global fashion market in the last few years, putting pressure on older companies. Part of their meteoric […]
Mortgages rates set to fall after Bank of England interest rate cut
Analysts have predicted that the Bank of England’s decision to reduce interest rates on Thursday will encourage major banks to cut mortgage rates. Lower rates will be a major affordability boost for the UK’s housing market, which continues to price out young buyers unable to rely on financial gifts or savings. “If homebuyers can borrow more, they […]

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