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Saturday Papers: Germany seals deal for LSE

And EDF seeks financial support from French government for Hinkley Point C.

Saturday Papers: Germany seals deal for LSE

Top stories

  • The Times: The £20 billion merger between the London Stock Exchange and Deutsche Börse could be announced as soon as Monday, raising fears in the City that trade will soon be diverted to Frankfurt.
  • Financial Times: EDF will not go ahead with the contentious £18 billion Hinkley Point C nuclear project in the UK unless it wins further financial support from the French government, according to a leaked letter by the utility’s chief executive.
  • The Daily Telegraph: The rout in oil prices may be over after crude stabilised at its highest level in three months on signs that supply is finally tightening and producers may be curbing output.
  • Financial Times: General Motors has bought a San Francisco autonomous vehicle start-up for more than $1 billion, as the race intensifies between Detroit and Silicon Valley to control the future of driving.
  • Financial Times: The prospect of driverless lorries hurtling along motorways will move closer in the UK next week when George Osborne will use the Budget to announce trials for the automated convoys as part of a sweeping embrace of auto technology.
  • Financial Times: George Osborne faces an £18 billion black hole that has opened up in the economy since November compelling him to tighten the squeeze on public spending in his Budget on Wednesday.
  • The Independent: Old Mutual, South Africa's largest insurance company, is to split into four units to “unlock value currently trapped” in the business.

Business and economics

  • The Times: Investigators in India have summoned Vijay Mallya to return to the country within a week to answer questions over alleged money laundering and more than $1 billion in bank loans on which he has defaulted.
  • The Independent: Mike Ashley, the founder of Sports Direct, has written to the MP in charge of the Business, Skills and Innovation Committee who warned that he would be in contempt of Parliament if he did not agree to appear before the committee.
  • The Times: Deutsche Bank has paid more than €2 billion in staff bonuses, despite the German investment bank making a €6.8 billion loss after its worst year since the global financial crisis.
  • The Guardian: Slovakia, a country at the heart of Europe, might become home to the first hi-tech Hyperloop train; Dirk Ahlborn, chief executive officer of Hyperloop Transportation Technologies (HTT), announced on Thursday that HTT has reached an agreement with the Slovakian government to explore building a local Hyperloop system.
  • Financial Times: Pub chain JD Wetherspoon has reported a fall in profits despite an increase in revenues, blaming the decline on rising labour costs even before a higher UK minimum wage comes into effect.
  • The Guardian: A day after selling a rare Penny Red stamp for £495,000, Stanley Gibbons has seen its shares on offer as investors bailed out of the business.
  • Financial Times: Merger partners Partnership Assurance and Just Retirement hailed a bounce in sales of individual pension annuities, as they both reported their last ever results as independent companies.
  • The Guardian: BP is to end its 26-year sponsorship of the Tate next year as the oil firm blamed the “extremely challenging business environment” rather than years of protest against the sponsorship, the Independent reported.
  • The Daily Telegraph: Severn Trent has warned 3,700 Derbyshire households not to use any tap water after the water utility discovered abnormally high levels of chlorine in one of the local reservoirs near Castle Donington.
  • The Daily Telegraph: The global crisis hammering the steel industry is beginning to be felt in China, where one of the country's biggest producers has said it may let go 50,000 of its 80,000-strong workforce.
  • The Times: José Mourinho is helping Alibaba to break into the treasure trove of elite international sport.
  • The Times: The former Greek finance minister has warned that the European Union could disintegrate if Britain votes to leave.
  • Financial Times: Cristina Stenbeck is stepping down as executive chairman of the Kinnevik investment empire that has big stakes in Zalando, the online retailer, and Rocket Internet, the start-up incubator.
  • Financial Times: Samsung Electronics faced shareholders disgruntled over the company’s deteriorating performance and governance problems at its annual general meeting.

Share tips, comment and bids

  • The Daily Telegraph: Shell has appointed Lazard to advise it on ambitious plans to sell off $30 billion-worth of assets in the next three years following its £40 billion takeover of BG Group last month.
  • The Guardian: Watkin Jones, a developer of student accommodation in the UK, expects to be valued at about £255 million when it lists on the junior Alternative Investment Market in London this month.
  • Financial Times: ArcelorMittal on Friday outlined the terms of a $3 billion rights issue designed to reduce its $16 billion debt pile at a time of turbulence in the global steel industry.
  • The Guardian (Comment): As monetary policy reaches its limits, it's time for governments to spend.
  • Financial Times (Lex): Hugo Boss: a new chief executive is unlikely to do much differently.
  • Financial Times (Lex): Wall Street bonuses: big banks are not the only ones suffering.
  • Financial Times (Lex): Deutsche Bank: the bonus pool is down, overall staff costs are rising.
  • Financial Times (Lex): Ant Financial: China’s dominant payment provider is unlikely to be squashed.

1 comment so far. Why not have your say?


Mar 12, 2016 at 10:19

Every person that collects stamps .usually has a stanley gibbons catalog so he or she can evaluate what to collect just pagein through is an education i collect not only stamps but postal history pre 1840 i have many pre stamp one sheet of paper with the message folded to form a letter shape sealed with red or black and possibly other colours of wax to .with the address dispatch po receivers po many experts study london postal history i have large collection with rare items .

Stanley Gibbons needs to be kept afloat to provide a valuable service to world stamp collectors .

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