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Monday newspaper round-up: Ladbrokes-Coral, BHS, G4S, Sky

Mon, 16th May 2016 06:39

(ShareCast News) - The merger between Ladbrokes and Coral could be blocked, analysts have suggested, citing the blocking last week of the proposed merger between O2 and Three by Europe's competition commission on the ground that it would have cut the number of big players from four to three, an argument supported by the UK's regulator. Industry experts suggest the merger could be undermined by data showing that about three quarters of retail punters place bets only in shops. - The TimesA number of bidders battling for BHS have been told to improve their offers by Tuesday to stand a chance of buying the collapsed high street chain. Administrators have spent the past week assessing several bids for the retailer and are expected to make a decision on a buyer within days. - Financial TimesO2 chief executive Ronan Dunne is exploring a debt-fuelled £8.5bn management buyout attempt following the collapse of CK Hutchison's takeover bid for the mobile operator. The Irishman, 52, has been approached in recent weeks by potential private equity sponsors aiming to carry out what would be the largest UK leveraged buyout since before the financial crisis. - TelegraphThe governor of the Bank of England was forced to defend his record yesterday as controversy raged over his interventions in the Brexit debate. Mark Carney, 51, said "we get the big calls right" in response to accusations that the Bank had produced inaccurate forecasts. - Times/Telegraph/GuardianThe CBI has cut its growth forecasts as uncertainty grows about the European Union referendum and as Commonwealth countries line up to advise against Brexit. After the Bank of England's downgrade last week, the employers' organisation is predicting GDP growth of 2 per cent in both 2016 and 2017, down from its forecasts of 2.3 per cent and 2.1 per cent, respectively, in February. - The TimesUK workers are being warned to expect meagre wage rises until at least 2020, as weak productivity and new costs such as the national living wage curb employers' readiness to raise salaries. Even though employment is expected to rise, pay growth is forecast to be just 1.7% over the next year, as an ample supply of labour helps employers hold back on wage rises in a "jobs-rich, pay-poor" economy, said the Chartered Institute for Personnel and Development (CIPD). - GuardianThe break-up of BAA is on course to create £870m of consumer benefits by 2020, the Competition and Markets Authority says in a new report to be published today. Forcing the airports operator to sell Gatwick, Stansted and Edinburgh produced legal challenges, but the resulting competition has led to more investment and faster passenger growth, the CMA says. - The TimesSky faces a possible 70% rise in the bill for German football rights in an auction next month, analysts estimate. The broadcaster currently pays €645m (£508m) per season for exclusive rights to Bundesliga matches but amid stronger competition in the German pay-TV business, the annual bill could rise as high as €1.1bn, say specialists at Ampere Analysis. - TelegraphG4S, the world's biggest security company, is planning to open mobile or high street banking units in the UK and five other European countries as it moves in on a space many lenders are vacating. G4S's armoured vehicles and secure locations already transport and store cash for central banks, high street lenders, retailers and public services. - Financial TimesThe living wage will force a third of Britain's local shopkeepers to cut jobs or raise prices, new research into the impact of George Osborne's policy claims today. The darker outlook for convenience stores is a blow to retailers in general. - TelegraphThe average asking price of a typical first-time buyer home leapt by 6.2% in a month after buy-to-let investors rushed to buy properties before last month's stamp duty increase, according to figures on Monday. The average for properties coming on to the market in England and Wales with two bedrooms or fewer was £11,298 higher in May than in April, at £194,224, according to data from the property website Rightmove. - GuardianChinese nationals have become the largest foreign buyers of US property after pouring billions into the market in search of safe offshore assets, according to a study. A huge surge in Chinese buying of both residential and commercial real estate last year took their five-year investment total to more than $110bn, according to the study from the Asia Society and Rosen Consulting Group. - GuardianThe Church of England has said it fears a looming global economic slowdown with governments relatively powerless to shore up growth, as it revealed a decision to offload a portion of its substantial stock market holdings. The church commissioners, who manage the C of E's £7bn investment fund, said they enjoyed market-beating returns of 8.2% last year but warned they would struggle to keep up that pace in future. - GuardianThe big four supermarkets in Britain have pledged to save women hundreds of pounds on sanitary products over the course of their lifetimes following the government's promise to scrap the so-called tampon tax, the Guardian can reveal. Tesco, Asda and Morrisons have written to Paula Sherriff, the Labour MP who led the parliamentary campaign to scrap the 5% VAT on sanitary products, confirming that the price tag will be reduced in line with the abolition of the levy. - Guardian
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11 Jan 2016 13:46

UK Competition Regulator Refers Ladbrokes-Coral Deal To Phase 2 Probe

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7 Jan 2016 10:49

Thursday newspaper share tips: Falling oil prices threaten BHP Billiton's strategy

(ShareCast News) - Falling oil prices are threatening BHP Billiton's strategy to diversify into oil and gas, The Telegraph's Questor wrote on Thursday. Oil prices have been plummeting amid geopolitical flare-ups in the Middle East and oversupply concerns continuing to dominate market sentiment. Que

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6 Jan 2016 09:38

BROKER RATINGS SUMMARY: RBC Capital Promotes BAE Systems To Top Pick

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21 Dec 2015 08:11

Caledonia Investments Completes Gala Bingo Acquisition

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11 Dec 2015 07:47

Ladbrokes Appoints Richard Snow As Acting Chief Financial Officer

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11 Dec 2015 07:21

Ladbrokes announces acting CFO to cover ahead of Coral merger

(ShareCast News) - Ladbrokes has appointed Richard Snow as acting chief financial officer. The FTSE 250 company announced in September that Ian Bull who currently holds the post, will leave the company in February. Snow, who is director of investor relations, will hold the post until the proposed m

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11 Dec 2015 07:12

London pre-open: Stocks seen lower on negative Asian cues

(ShareCast News) - London stocks are called to open lower on Friday, taking their cue from a downbeat session in Asia. Shares in China and Hong Kong slid as the yuan hit its lowest level in four years. The FTSE 100 is expected to open 21 points lower than Thursday's close at 6,067. On the data fro

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10 Dec 2015 17:28

DIRECTOR DEALINGS SUMMARY: Ladbrokes New Chairman, Non-Exec Buy Shares

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10 Dec 2015 15:43

Ladbrokes' new chair and director bet on company

(ShareCast News) - Ladbrokes' new chariman and newest board member are already giving their financial backing to the company. John Kelly was appointed chairman of the company at the beginning of December, replacing Peter Erskine who announced his intention to step down in May. He will also become c

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10 Dec 2015 10:07

DIRECTOR DEALINGS: Ladbrokes New Chairman, Non-Executive Buy Shares

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4 Dec 2015 07:43

Ladbrokes appoints John Kelly as chairman ahead of Coral merger

(ShareCast News) - Ladbrokes has appointed John Kelly as the bookmaker's new chairman with immediate effect following the departure of Peter Erskine and ahead of the proposed merger with Coral Group. The appointment follows the announcement in May that Erskine intended to step down from the board th

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4 Dec 2015 07:39

Ladbrokes Chooses John Kelly To Lead Company Ahead Of Coral Merger

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3 Dec 2015 06:40

PRESS: Ladbrokes Loses GBP54 Million UK Tax Reclaim Case - FT

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30 Nov 2015 08:52

GVC Hires Segev From Gala Coral To Lead Integration With Bwin.Party

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30 Nov 2015 08:23

Gala Coral revenue up ahead of Ladbrokes merger

(ShareCast News) - Gala Coral Group's full year revenue is up ahead of the proposed merger with Ladbrokes. The betting company released its full year results to 26 September 2015 on Monday. It showed a 6% increase in net revenue to just over £1bn, despite 2014 figures including the impact of the FI

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