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Daily Mail owner agrees to buy Daily Telegraph for £500m
Getty Images The publisher of the Daily Mail has agreed to buy the Daily and Sunday Telegraph for £500m. The Daily Mail and General Trust (DMGT) said it had entered a period of discussion with RedBird IMI, which is a joint venture between the United Arab Emirates and the US private equity firm RedBird Capital…
Abu Dhabis Adnoc in deal talks over oil refinery at centre of US sanctions
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. United Arab Emirates state energy company Adnoc has emerged as the frontrunner to buy Russia’s controlling stake in Serbia’s sole oil refinery, as Belgrade grows increasingly frustrated with Moscow’s foot-dragging under US sanctions. Adnoc, or…
Should more be done to tackle ghost jobs?
Megan LawtonBusiness reporter AFP via Getty Images One UK study found that 34% of advertised vacancies didn’t really exist The phrase “ghost jobs” might sound like something from Halloween, but it refers to the practice of employers advertising vacancies that don’t exist. In some cases the positions may have already been filled, but in others…
Environment Secretary: South East Water boss should not get bonus
The boss of South East Water (SEW) should not receive a bonus after tens of thousands of its customers were recently left without water, the Environment Secretary has said. David Hinton was awarded £115,000 last year on top of his £400,000 salary, and his bonus is in line to more than double this year. That…
How the US has overtaken China’s investments in Africa
Egon CossouBusiness reporter Trinity Metals You probably don’t give much thought to the device that you’re reading this article on, as long as it looks good and keeps working. But the elements that power and run it are the subject of an escalating struggle between the world’s two biggest economies – the US and China…
