DAILY BRIEFING: Universal Studios bid for Sky gets the all clear from European regulators


City & Finance Reporter for the Daily Mail

Universal Studios owner Comcast made a £22bn cash offer for Sky

Universal Studios owner Comcast made a £22bn cash offer for Sky

Universal Studios owner Comcast made a £22bn cash offer for Sky

SKY BID Universal Studios owner Comcast’s bid for Sky has been cleared by European regulators.

The US company made a £22billion cash offer for the British broadcaster in April.

It said it hoped to complete a takeover by the end of the year.

Sky is still yet to decide whether to back the bid over a rival offer from 21st Century Fox, however.

Comcast separately announced a £50billion bid for Fox’s entertainment businesses on Wednesday night.

That has put it up against Disney, which has already struck a £39billion deal with Fox.

BANK SCANDAL A report which claims top bankers covered up a massive fraud could be made public in days.

The investigation alleges bosses sought to hide criminal behaviour at the Reading branch of toxic bank HBOS, later bought by Lloyds.

The report is in the hands of MPs who have vowed to release the report by Wednesday – piling pressure on Lloyds to explain who knew what about the scandal.

FROZEN OUT Profits at supermarket Iceland dipped last year after it invested in price cuts and was hit by supply chain issues over the critical Christmas trading period. 

The group saw earnings slip 1.8 per cent to £157.1million in the year to March 31, while sales rose 8 per cent to £3billion.

PROFIT BOOST Profits at global staffing firm SThree for the half-year ended May 31 was up 11 per cent from £134.4million to £148.4million.

AMERICAN COLOUR Online estate agent Purplebricks is expanding in the US with plans to launch in Las Vegas and Phoenix next week.

PENSION JOBS Investment firm Aegon found that the proportion of people working past state pension age has risen from 12 per cent two decade ago to 17 per cent today.

CONTRACT CONTRACT Energy supplier Npower has hired outsourcer Capita for £40million until 2021 to help manage customer contact for another three years.




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