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Tuesday newspaper round-up: May in New York, Ladbrokes, building blocked

Tue, 20th Sep 2016 06:57

(ShareCast News) - Theresa May will canvass leading Wall Street banks over how Britain should structure its departure from the EU to reassure them that Brexit will not damage their UK business. Mrs May will meet "mostly" chief executives from the finance sector along with figures from the technology and entertainment sectors at the mid-town residence of the British consul-general in New York on Monday. - Financial TimesUp to 700 gambling industry jobs could be lost in London as a result of the impending £3.3 billion merger of Ladbrokes and Gala Coral Group. In an internal email, Carl Leaver, Gala Coral's chief executive, told employees that, in an attempt to remove duplication, there could be "around 600, maybe up to 700, fewer positions" at the merged company, equivalent to about half the combined total. - The TimesSmall and medium-sized house builders are struggling to find land on which to build, exacerbating the shortage of new homes, according to a new poll. A survey by the Federation of Master Builders found that 67pc SME house builders in England face a "lack of available and viable land" as their biggest problem for the second consecutive year. - TelegraphPre-EU referendum jitters have caused a slump in the number of shops opening their doors, according to a biannual report monitoring vacancy rates on the UK high street. Shop closures outstripped openings by 1,997 from January to the end of June, according to the retail data firm Local Data Company. - GuardianJapan's central bank will open a new front this week in the battle against deflation by overhauling its quantitative easing programme as policymakers worldwide look for new ideas to kickstart growth. The Bank of Japan will unveil the conclusions of a "comprehensive assessment" of its monetary policies on Wednesday, when it is expected both to increase and reprofile QE alongside an interest rate cut deeper into negative territory. - The TimesRock-bottom returns are increasingly pushing investors to abandon the drive for socially responsible investments, according to a study from Hermes Investment Management. A survey of more than 100 institutional investors found that 60pc believe that environmental, social and corporate governance (ESG) risks justify rejecting an otherwise attractive investment - down from 67pc a year ago. - TelegraphFraud in the UK payments industry has soared by 53% in a year as criminals resort to increasingly sophisticated tactics to trick people out of their personal details and steal their money. Official industry data shows that a total of 1,007,094 cases of financial fraud - involving online and phone banking, debit and credit cards, and cheques - occurred between 1 January and 30 June this year. That compares with the 660,308 cases reported during the same six-month period in 2015. - GuardianThe White House will release guidelines for self-driving automobiles on Tuesday, as well as model legislation recommended to states that want to follow in the footsteps of California, Florida and Nevada, which have legalized automated vehicles. The US Department of Transportation (DoT) will publish a new document containing "vehicle performance guidance for manufacturers, developers, and other organizations", including a 15-point safety assessment auto-makers are being asked to sign and submit to the DoT. - GuardianHong Kong's bankers fear that one of their most important institutions, the Listing Committee, is under threat and with it the city's role as a global centre for capital raising. The perceived danger comes from a proposed shake-up to how initial public offerings are approved that has been put forward by the Securities and Futures Commission and the Hong Kong Exchange, and aim to streamline the listing process and make it more transparent. - Financial TimesRussia's state-owned nuclear developer has warned EDF that delays or cost overruns at its Hinkley Point power project risk damaging the credibility of the wider industry. Kirill Komarov, deputy chief executive of Rosatom, the Kremlin-controlled company that is building more reactors than any other group, said that problems at other EDF projects, such as Flamanville in France, were having a detrimental impact on the reputation of the industry. - The Times
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25 Nov 2015 09:34

BROKER RATINGS SUMMARY: Goldman And HSBC Negative On Anglo American

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24 Nov 2015 15:28

UPDATE 1-Desmond fights on after Ladbrokes shareholders back Gala Coral deal

(Adds further Desmond comments, board response, shares) By Paul Sandle LONDON, Nov 24 (Reuters) - Shareholders in British bookmaker Ladbrokes strongly backed its planned merger with rival Gala Coral on Tuesday but rebel investor Dermot Desmond vowed to fight on. Ladbrokes agreed

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24 Nov 2015 13:10

Ladbrokes shareholders overwhelmingly back Gala Coral takeover

LONDON, Nov 24 (Reuters) - Shareholders in bookmaker Ladbrokes backed its 2.3 billion pound ($3.5 billion) tie-up with Gala Coral, a deal it hopes will give it the clout to make a bigger splash online where it has been outgunned by rivals. The holders of 96 percent of Ladbrokes shares voted

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24 Nov 2015 13:03

Ladbrokes Shareholders Okay Merger With Gala Coral Despite Opposition

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23 Nov 2015 21:00

CORRECT: Takeover Panel Called In On Desmond Complaint Over Ladbrokes Merger

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23 Nov 2015 19:06

Takeover Panel Called In On Desmond Complaint Over Ladbrokes Merger

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19 Nov 2015 16:22

AGM, EGM Calendar - Week Ahead

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19 Nov 2015 10:49

Ladbrokes resolute on Coral deal after criticism from shareholder Desmond

LONDON, Nov 19 (Reuters) - British bookmaker Ladbrokes said the rationale for its proposed acquisition of rival Gala Coral was "compelling" in response to opposition from Irish billionaire shareholder Dermot Desmond. The two companies agreed an all-share merger in July to create a 2.3 bill

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19 Nov 2015 09:25

Ladbrokes Reiterates Support For Gala Coral Deal After Desmond Letter

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19 Nov 2015 06:39

PRESS: Mounting Opposition To Ladbrokes-Coral Merger - Telegraph

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18 Nov 2015 14:39

Ladbrokes Merger With Gala Coral Is "The Wrong Deal" Says Shareholder

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18 Nov 2015 14:35

Irish billionaire Desmond urges Ladbrokes shareholders to reject Coral merger

DUBLIN, Nov 18 (Reuters) - Irish billionaire Dermot Desmond has written to fellow shareholders in British bookmaker Ladbrokes to urge them to reject a proposed merger with rival Gala Coral at a shareholders meeting next Tuesday. The two bookmakers agreed an all-share merger in July, creatin

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5 Nov 2015 16:31

Dividends Calendar - Week Ahead

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27 Oct 2015 07:01

Tuesday newspaper round-up: Tax credits, Equiniti, Equity release

(ShareCast News) - George Osborne vowed last night to rein in the power of the Lords after he suffered a humiliating defeat over his plan to cut tax credits by £4bn. The chancellor said that the unprecedented vote, which left his budget policy in limbo, raised constitutional issues about unelected p

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