Rolling coverage of the latest economic and financial news
- Deloitte: CFOs’ hiring and investment plans at seven-year high
- Acquisitions now highest priority for 11 years
- Covid-19, inflation and climate change top risks
- UK wealth gap widens in pandemic as richest get £50,000 windfall
Lord Rothermere is considering taking the Daily Mail private in a deal that could value the newspaper group at £810m.
The Rothermere family has put forward a potential offer that would involve buying about 70% of the Daily Mail & General Trust (DMGT) group that it does not already own. The move would give Rothermere, who is also chairman of the group, full control of DMGT and take the company off the stock exchange.
Heathrow Airport is urging the government to relax travel restrictions on double-vaccinated European Union and US nationals at the end of this month.
Passenger traffic from Heathrow to the US is down by around 80%, whereas in the EU, which has reopened unilaterally with the US has seen traffic recover to only around 40% down. Britain’s long held competitive advantage on transatlantic trade is at risk if borders remain closed.
“While it’s fantastic news that some double-vaccinated passengers will no longer need to quarantine from amber countries, Ministers need to extend this policy to US and EU nationals if they want to kickstart the economic recovery.
These changes will be critical for exporters who are losing out to EU rivals and families who have been separated from loved ones. We have all the tools to safely restart international travel, and now is the time for Global Britain to take off!”Continue reading...