The biggest shareholder in Gatwick Airport – Global Infrastructure Partners – is looking to put it up for sale with a price tag of £10billion, according to The Sunday Times.
Going places: The airport’s biggest shareholder is looking to put it up for sale
Department store Debenhams is expected to reveal later this week that profits have halved as a boom in online shopping continues to hurt sales.
Half-year profits are forecast to plunge to £44million with a 2.5 per cent slump in like-for-like sales.
Lord Mandelson’s advisory firm Global Counsel has deserted Russia’s London-listed energy and aluminium giant EN+ over concerns at US sanctions gripping its owner Oleg Deripaska.
Former energy minister Lord Barker remains EN+ chairman.
Activist investor Ed Bramson is tapping some of Barclays’ biggest shareholders for support to overhaul the bank.
According to reports, he has built up a 5.2 per cent holding worth almost £2billion over recent months, prompting suggestions he could force a sell-off of Barclays’ investment banking division.
Dividend payouts to shareholders in private companies running public services surged by 67 per cent in six years, despite many seeing falling profits.
According to research by the TUC following the collapse of contractor Carillion, dividends soared to £642million across seven outsourcing firms in 2016 but profits fell 31 per cent during the same period.
retail rivals Shopping centre owner Hammerson and rival Intu are meeting this week for crunch talks over the future of their proposed £3.4billion merger.