The Just Eat takeover battle is promising a delicious showdown | Business

It’s still feels slightly odd that Just Eat, which only recently seemed to be a smartphone app plus a few blokes on mopeds, is a FTSE 100 company. But it’s time to acknowledge modern munching habits. Just Eat is now the target of two takeover bids, the latest being £4.9bn in hard cash. That definitely […]

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Energy firms face crackdown after string of suppliers go bust leaving customers in limbo

Energy firms face crackdown after string of suppliers go bust leaving customers in limbo

Energy firms face a new crackdown after a string of company failures this year have left hundreds of thousands of consumers in limbo while they are being switched to a new supplier. Under plans put forward on Tuesday, energy regulator Ofgem would have the power to demand independent audits of suppliers to ensure their customer service […]

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Just Eat rejects £4.9bn takeover offer – business live | Business

10.20am BST10:20 Arash Massoudi of the Financial Times believes Prosus may have to stump up even more money for Just Eat. Its current offer of £4.9bn is substantially more than the £4bn the firm was worth yesterday — but may not be enough! Arash Massoudi (@ArashMassoudi) How long did Just Eat take to scorch the […]

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WeWork board weighs up $10bn rescue plan from Japan’s SoftBank | Business

The board of WeWork is meeting on Tuesday to consider a rescue plan worth almost $10bn (£7.7bn) from its biggest investor, Japan’s SoftBank, according to reports. The proposal would keep the struggling US office-sharing company afloat and lead to the departure of its controversial chairman and co-founder, Adam Neumann. Neumann is backing the plan because […]

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China overtakes US in rankings of world’s richest people | Business

The number of wealthy Chinese people has overtaken the number of rich Americans for the first time, according to a report by Credit Suisse. The bank’s annual wealth survey found there were 100 million Chinese people among the world’s top 10% of richest people, compared with 99 million in the US. The report says the […]

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Four big drug firms agree to $260m opioid payout hours before trial set to begin | US news

Four major pharmaceutical companies agreed to a multimillion-dollar payout over the US opioid epidemic on Monday, hours before a landmark federal trial in which they were facing accusations of a conspiracy to profit from addiction and death. Teva Pharmaceuticals, the largest manufacturer of generic drugs in the world, and three drug distributors, among the biggest […]

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Drug companies avoid landmark trial after $260m opioid epidemic settlement

Drug companies avoid landmark trial after $260m opioid epidemic settlement

Four large drug companies reached a last-minute $260m (£200.6m) legal settlement over their role in the US opioid addiction epidemic, striking a deal with two Ohio counties to avert the first federal trial over the crisis. Drug distributors AmerisourceBergen, Cardinal Health and McKesson will contribute $215m (£165.8m) towards the settlement, according to Hunter Shkolnik, an attorney for the counties. […]

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Ethnic minorities in UK earn 10% less than white workers, Bank of England research shows

Ethnic minorities in UK earn 10% less than white workers, Bank of England research shows

Ethnic minorities in the UK earn around 10 per cent less than white workers, even once individual and job characteristics are taken into account, the Bank of England has found. The central bank set out to go beyond simple data on pay differences and added another layer of analysis to remove the effects of such […]

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Bad outsourcing deals have cost UK taxpayers an ‘inexcusable’ £14.3bn

Bad outsourcing deals have cost UK taxpayers an ‘inexcusable’ £14.3bn

Mistakes in the outsourcing of public services have cost UK taxpayers £14.3bn, according to analysis of official investigations that haven taken place in the past three years. Independent think tank Reform has looked at 52 inquiries, conducted between June 2016 and July 2019, into outsourcing contracts initially valued at £71.1bn. It found that eventual costs […]

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African Heads of State to Descend on Dubai for Global Business Forum Africa

Presidents of Liberia and Seychelles, 17 African ministers and an array of high-ranking officials among confirmed attendees for fifth edition of forum  Dubai, United Arab Emirates, 21 October 2019, (AETOSWire) : Heads of state, 17 ministers, high-ranking government officials and prominent business leaders from Africa have confirmed their participation for the fifth edition of the […]

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