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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…
Virgin Media fined after hanging up on customers trying to cancel contracts
Ofcom received complaints from 1,881 customers who reported difficulties cancelling. It added that some customers resorted to having to cancel their direct debits, which led to further difficulties such as missed payments impacting their credit score. Black said Ofcom had introduced “further safeguards to prevent this from happening again”, including its “One Touch Switch” process…
