Evan Vitale Consulting: PRESS DIGEST-Sunday British Business – Nov 16

Sunday, November 16, 2014

PRESS DIGEST-Sunday British Business – Nov 16 – Reuters

Latest post from Evan Vitale Consulting -

Nov 16 (Reuters) – British newspapers reported the

following business stories on Sunday. Reuters has not

independently verified these media reports and does not vouch

for their accuracy.

Sunday Telegraph

WAITROSE BOSS SAYS SOME FOOD RETAILERS MAY CLOSE

Supermarkets in Britain could start to close as the industry

copes with an unprecedented slide in sales and profits,

according to Mark Price, managing director of Waitrose. Price

said it was “incredibly hard to call” whether all of Britain’s

food retailers would survive.

FACEBOOK PLANS FREE AFRICA INTERNET WITH AVANTI

Facebook is in advanced talks with satellite operator

Avanti Communications over a project to provide free

Internet access across swathes of Africa.

BT RULES OUT SALE OF IT OUTSOURCING ARM

BT Group has ruled out a spin-off or sale of its

Global Services outsourcing arm in the face of pressure from

several major shareholders to offload the business.

Sunday Times

QUINDELL SEEKS HEDGE FUND CASH INJECTION

Insurance services group Quindell has opened talks

with hedge funds about a potential cash injection. The company

is believed to have met at least two hedge funds in recent

weeks. Quindell said it regularly held talks with financial

institutions but insisted it had no need for additional cash.

FARROW & BALL IN TALKS TO BE BOUGHT BY ARES

Paint maker Farrow & Ball is in talks to be bought by Ares

Management, the owner of upmarket U.S. department store

Neiman Marcus, in a deal worth up to 300 million pounds ($470

million).

ISRAELI BILLIONAIRE WEIGHS CAMDEN MARKET FLOAT

Israeli gambling and technology billionaire Teddy Sagi is

considering plans to float Camden Market, the north London

tourist spot. Sagi has spent an estimated 500 million pounds

buying up separate parts of the market.

Mail on Sunday

RBS FACES NEW PAY ROW AFTER FOREX SCANDAL

Royal Bank of Scotland faces a political row over a

plan to give former chief executive Stephen Hester millions of

pounds in share awards, despite its 400 million pounds fine for

collusion in the foreign exchange market.

(1 US dollar = 0.6383 British pound)

(Reporting by Ben Hirschler; Editing by Mark Potter)

This entry passed through the Full-Text RSS service – if this is your content and you’re reading it on someone else’s site, please read the FAQ at http://ift.tt/jcXqJW.

Source