Vodafone, one of the world’s largest mobile operators, is in talks to buy large parts of John Malone’s European cable group Liberty Global in a €14bn £12.32bn deal. Billionaire “cable Cowboy” Mr. John Carl Malone, during the past two decades, snapped up cable assets across the region. Vodafone shares, rise as much as 4.4…
Apple reported a record $20bn (£14bn) in quarterly profits, driven by strong growth in Japan and Europe, the result was a glimpse of sales figures for Apple’s expensive iPhone X. Tim Cook, CEO said demand for the product which starts at £1000 had surpassed expectations. Quarterly sales at Apple climbed by 13 per cent year-on-year…
Mr Ingvar Kampard, one of greatest entrepreneurs if 20th century, born in 1926 in Smaland, Sweden, the founder of the global juggernaut Ikea furniture chain, has died at the age of 91. Furniture designer Jeff Banks said that “Mr Kampard’s creations radically changed how people made and designed products for home and he was head…
Saudi Arabian authorities want to take control of the Middle East’s largest media company MBC, as part of Crown Prince Mohammed bin Salman’s extraordinary anti-corruption crackdown. Officials have ordered Waleed bin Ibrahim al-Ibrahim, the founder of the Middle East Broadcasting Center to hand over his controlling stake in the company to secure his release, according…
Walmart is to tie-up with Japan’s Rakuten, to enter into the online groceries and balk Amazon’s rise in groceries. As the deal was announced in Tokyo, Japan by the companies CEO’s, Amazon’s is seeking to challenge Walmart’s dominance, by buying Whole Foods for $13.7bn. Now the US rivals have taken the battle to Japan with …
The pay TV Company, Sky is planning to make all its channels and content available online so that customers will no longer need a satellite dish on their property. Sky hopes by making its hundreds of channels more widely available will increase both revenue and profits. Italy will be first to get all Sky…
MPs on two select committees are to question former bosses of failed outsourcing and construction giant Carillion after it collapsed with debts of £1.3bn. Now the Works and Pensions committee have launched a joint inquiry into the collapse. MPs have summoned Richard Howson, Chief executive of the company from December 2012, until it issued a…
Diane von Furstenberg, the Belgian-American fashion designer best known for her iconic wrap dresses that are perfect for the office or an evening out. The iconic designer launched her eponymous label in the early 70s, with dress styles in silk, lace, and chiffon. One of her elegant faux wrap dress with an asymmetrical cowl neck…
Private equity groups and buyout firms are aiming to cherry-pick assets from failed construction company Carillion after one of the UK’s most politically sensitive corporate failures. Some private investors include Canadian Fund Managers Brookfield and British private equity group Endless, which specialises in turnarounds, are circling the liquidator PwC as the government is struggling to…