German Billionaire Reimann family’s JAB, the Luxemburg-based investment company has bought US Bakery and Sandwich chain Panera Bread to its fast growing US food and beverage empire, for $7.5bn. The $315 per share cash deal will be under the same roof as Keurig Green Mountain, Poet’s coffee, Caribou coffee, Tea to Einstein Bros, Bagels and…
A oval shaped 59.6 carat flawless Pink Star diamond has been sold in Hong Kong for £57m ( $71m), setting a new world record for any gemstone at auction. The largest polished diamond in its class wen under the hammer, in the past it sold for $83m in Geneva in 2013, but the buyer defaulted.…
Shares in Imagination Technology, a British Tech firm, plunged by 62 per cent, 103p, and its market capitalisation fell from £745m to £290m, after their largest customer Apple said it will no longer use its products. This is what we call a black swan movement for the company and investors in Imagination as there were…
Tesco merged with cash and carry wholesale supplier Booker in a £3.7bn in a deal or 205.3p per share, it claims will create UK’s leading food business and the deal means Tesco can boast 5,400 stores and 2, 900 small shops, including Tesco Express, Metro and One Stop Brands and will save £200m a year…
Google was charged £36.4m in UK corporation tax last year. The Search engine giant recorded sales of £1.03bn and a pre-tax profit of £149, in the UK for the 12 months to the end of June 2016 according to its latest accounts. Google also revealed that they have hired an extra 600 workers to take…
Behold the entrepreneur, he is the crakerjack, a modern day enigma, Amol Yadav (41), an ex-pilot of Jet Airways in India, assembled a six-seater aircraft on the terrace of his three-bedroom flat in Charkop, Kandivali West, Mumbai India, has been given a window of opportunity to display his creation at the Make in India…
Amazon buys Arab world’s biggest e-commerce platform Souq.com, which is valued at over $1bn after it raised $275m from investors last year. Russ Grandinetti, Amazon Senior vice President said “We have been serving customers in the Middle East for many years, but Souq will allows to do it in a way that it takes it…
UK-based Vodafone is merging with India telecom Idea Cellular, creating India’s biggest telecom company, by revenue and 400 million subscribers replacing Bharti Airtel, and will have 43% revenue share in the market by 2019 against 33% held by Airtel and 13 per cent by Reliance Jio. It was Jio, owned by India’s richest man Mukesh…
The Hinduja Group, one of the largest diversified groups in the world, including 67,000 Sq ft heritage mansion at Carlton House Terrace, London near Buckingham Palace, worth an estimated $500m according to Forbes magazine. The group has their presence in 37 countries and trades in all products, commodities, owns a national hospital and medical Research Centre in Mumbai and…
The Japanese carmaker Toyota is to invest £240m in its UK factory at Burnaston plant near Derby, which made 180, 000 vehicles last year, including the Auris and Avensis models. The factory employs about 2, 500 people, and another 590 at Toyota’s engine plant at Deeside, North Wales. Johan Van Zyl, chief executive of Toyota…