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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Nobel Prize in Economic Sciences to be awarded – live | Business

Nobel Prize in Economic Sciences to be awarded – live | Business

Good morning. The final act of the 2019 Nobel Prize season is upon us. The biggest prize in the world of economics will be awarded this morning, to recognise outstanding contributions to the discipline. Of course, there isn’t really a Nobel Prize for economics. Today’s award is a late addition to the fold, created in […]

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UK economy to avoid Brexit recession despite shrinking in August - business live | Business

UK economy to avoid Brexit recession despite shrinking in August – business live | Business

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. Two of the City’s big fears – a Brexit-induced recession and a full-blown trade war – are in the spotlight today. The latest UK GDP report, due at 9.30am, is expected to show that growth fizzled […]

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Hong Kong stock exchange bid for LSE was least credible of the lot | Nils Pratley | Business

Blink and you missed it. The Hong Kong stock exchange’s attempt to buy its London counterpart must rank as the most feeble “hostile” bid seen in years. The £32bn approach looked flawed at the outset, was quickly rejected by the London Stock Exchange and has now been dropped a month later. Trying to justify the […]

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Germany's factory slump continues as orders keep falling – business live | Business

Germany’s factory slump continues as orders keep falling – business live | Business

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. The slowdown fears that gripped markets last week are intensifying this morning, as the slump across Germany’s manufacturing base deepens. German factory orders slumped by 6.7% year-on-year in August, new figures from Destatis reveal, extending the […]

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Short sellers snap up WeWork debt amid concern over its future | Business

Short sellers snap up WeWork debt amid concern over its future | Business

International investors have placed large bets against troubled office space company WeWork, after it pulled plans to float on the stock market amid widespread scepticism about its valuation and concern about its corporate governance. About 10% of WeWork’s bonds, worth €67m (£60m) in total, were out on loan as of Tuesday, according to financial data […]

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US stocks slide as evidence of slowdown fueled by Trump trade war mounts

US stocks slide as evidence of slowdown fueled by Trump trade war mounts

For much of the last year, America’s trade war was the rest of the world’s problem. Even as growth slowed in China, Japan and Germany, the US economy held up and stocks on Wall Street remained close to records. Now, investors are facing evidence that tensions between Washington and Beijing are chipping away at America’s factories. That […]

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Risk of UK recession rises as service sector shrinks - business live | Business

Risk of UK recession rises as service sector shrinks – business live | Business

One of the two main definitions of recession in the UK is at least two quarters of negative economic growth. Judged by this yardstick, the UK was last in recession in 2008-09, when there were six consecutive quarters of negative growth.  Some economists believe this definition of recession is flawed, since an economy would not be in […]

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Global manufacturing slowdown sends stock markets tumbling | Business

Global manufacturing slowdown sends stock markets tumbling | Business

Strong signals that a slowdown in global manufacturing intensified in September sent stock markets tumbling on Wednesday, as leading indices in Europe and the US retreated. In London the FTSE 100 rolled back all the gains made since mid-August as it dropped 237 points to 7,122, falling 3.2% in its biggest one-day fall since 2016. […]

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World economy faces weakest growth since financial crisis, warns OECD - business live | Business

World economy faces weakest growth since financial crisis, warns OECD – business live | Business

Mark Carney, Governor of the Bank of England (BOE). Photograph: Mike Segar/Reuters Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. Like Supreme Court justices, central bankers have been the ‘adults in the room’ during these times of economic upheaval. So, after an intriguing Federal […]

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