(MENAFN- ProactiveInvestors) The Times
Snapchat floats a serious proposal: In four short years Snapchat has spurned been banned by Eton attracted the ire of the Federal Trade Commission and achieved a multibillion-dollar valuation. Now it is promising to float in what could be the biggest Silicon Valley IPO since .
Oil and gas groups prove to be masters of the big deal: Companies in the oil and gas sector are more likely to carry out successful mergers and acquisitions that generate long-term value for shareholders than those of any other industry.
President’s last word leaves ports in a storm: Some of the world’s largest oil companies could face increased operating costs in Nigeria if an eleventh-hour ruling by its ousted President comes into force.
Magnate donates £4.5 million to Aberdeen for when the oil runs out: Sir Ian Wood has given £4.5 million to Robert Gordon University in Aberdeen to help secure the future of the city “long after” resources have run out.
PayPoint treats local retailers ‘deplorably’ says trade group: PayPoint has been accused of treating small retailers in a “deplorable” manner in an escalating dispute over how much commission is paid to shopowners who allow consumers to pay bills using the company’s system.
Call for new housing on wedges of green belt: Green belts around cities must be abolished and replaced with “green fingers” flanked by thousands of new homes built in the countryside according to a former government planning adviser
Election certainty builds confidence at Telford Homes: Telford Homes declared that the Conservatives’ unexpected win in the general election had provided “certainty and stability” for Britain’s housing market.
Housing market brought to standstill by election nerves: The number of first-time buyers dwindled across Britain at the start of the year as pre-election jitters caused a slump in the housing market.
The Independent
Plus500 apologises to customers at spread-betting firm’s annual meeting: The Chief Executive of spread-betting firm Plus500 has apologised to customers and admitted “major failings” in the wake of money-laundering checks which locked tens of thousands of U.K. customers out of their accounts.
Former Thomas Cook Boss Harriet Green hands £3 million to charity: The former Thomas Cook Chief Executive Harriet Green has agreed to donate about £3 million to charity from a bonus she is due in the latest fallout from the travel company’s handling of the death of two British children at one of its holiday bungalows in Corfu.
A licence to print money fails to rescue : The banknote printer has said that the weak euro had handed its European competitors a price advantage as it revealed sharply lower annual profits.
Banks face fresh wave of PPI compensation claims after landmark ruling: Britain’s high street banks could be facing a much bigger bill for mis-selling payment protection insurance (PPI) than they have planned for.
The Daily Telegraph
walks away from Berlusconi takeover talks: has walked away from talks to create a more dominant pay-TV provider in Italy after failing to agree terms on a joint venture with Mediaset the broadcaster founded by former President Silvio Berlusconi.
Banker accused of rigging markets boasted to traders: ‘Libor is high because I have kept it high’: A banker boasted that he had the power to manipulate financial markets by persuading traders including his brother-in-law to help rig interest rates a court has heard.
Business leaders push to speed up EU vote: British business has responded to the first Conservative-only Queen’s Speech in almost two decades by urging the new government to speed up the EU referendum so it can focus on injecting further power into the British economy.
‘kingmaker’ in IAG’s £1 billion takeover of Aer Lingus: Willie Walsh the Boss of has warned that he will not be forced into raising his offer for Aer Lingus to woe into parting with its stake in Ireland’s flag-carrier.
Teva increases pressure on $40 billion takeover target Mylan: Teva the Israeli generic drug maker has stepped up its $40 billion (£27 billion) pursuit of Mylan by buying a stake in the U.S. company.
Qatar Airways: Let us land or forget $200 billion of building deals: The Chief Executive of Qatar Airways has issued a barbed warning to international airports by demanding a greater number of landing slots in return for access to lucrative government contracts in the gas-rich Persian Gulf sheikhdom.
buys British virtual reality start-up Surreal Vision: has bought an eight-month-old British start-up that recreates real-world scenarios in virtual reality.
Desperate French firms appeal for expats to return home: French start-up companies desperate for talented staff with international experience have launched a campaign to persuade expats to return pooling their resources to offer free repatriation help and advice as part of the package.
China now has more than a million sterling millionaires: The number of sterling millionaires in China surpassed one million for the first time last year as the country’s private wealth burgeoned amid increased innovation and international investment - and 80% of the newly rich are younger than 50.
Nasdaq closes at record high as Greece raises hopes of debt deal: The Nasdaq has closed at a record high led by a rebound in technology and healthcare shares and optimism that Greece would avoid defaulting on its debt.
The Guardian
U.S. to urge Greece to end brinkmanship with creditors at G7 meeting: The U.S. Treasury secretary has said he will use the G7 Finance Ministers’ meeting on Thursday and Friday to press Greece and its European creditors to end their brinkmanship and forge a rescue deal.
Bank of England official received emails related to Libor rigging court told: A senior Bank of England official nicknamed The Hammer was sent emails that it is claimed played a key role in the rigging of lending rates between banks according to evidence presented in the first criminal trial in the Libor scandal.
relegated from premier league of global brands after nightmare year: has slumped out of the world’s brand premier league and been overtaken by the German discounter Aldi in the latest sign of the damage caused by a £263 million accounting scandal and errors on pricing quality and customer service.
European commission outlines further corporate tax proposals: The European commission outlined plans on Wednesday to limit how much multinational companies can reduce taxes on their European earnings through the use of creative accounting.
EU urged to match Britain’s aid spending to tackle migrant crisis: The international development secretary Justine Greening is urging the EU to match Britain’s commitment to higher aid spending warning that the flow of migrants will only be stemmed once poverty is tackled at source.
Daily Mail
Britain’s businesses warn Queen’s Speech falls short of expectations on tax skills and spending: Britain’s businesses have warned that the Queen’s Speech fell short of expectations on tax skills and spending.
Private equity Boss Jon Moulton brands laws governing consultation period when staff lose jobs as ‘idiotic’: Private equity Boss Jon Moulton has branded the laws governing the consultation period when staff lose their jobs as ‘idiotic’.
Demand from tourists in Europe and Americans at home helps jewellery brand Tiffany & Co report better-than-expected first quarter: Demand from tourists in Europe and Americans at home helped New York jewellery brand Tiffany & Co report a better-than-expected first quarter despite a strong dollar.
Fears of Greek default retreat as Athens seeks to reassure creditors it will make next debt repayment on June 5: Fears of a Greek default are retreating after the Athens government sought to reassure its creditors that it would be able to make its next debt repayment on June 5.
Daily Express
Post-election boom sees British households feeling richer: British household confidence in their personal wealth and the U.K. economy has soared in the wake of the General Election and is almost back to pre-financial crisis levels a new report has revealed.
Car sales reach half a million in the U.K. according to recent figures: A strong U.K. market has pushed car production past the half-million mark official figures have shown.
City A.M.
Tom Hayes recruited accomplices to manipulate Libor court told: Former UBS and Citi trader Tom Hayes spent years recruiting other bankers and brokers to help him manipulate Libor submissions prosecutors claimed.
EU and Switzerland sign pact for transparency in bank records: The EU and Switzerland have signed a deal to stop EU residents holding undeclared income in Swiss bank accounts.
Wizz Air results show revenue up 21%: Wizz Air announced a 21% rise in revenue for the year ending 31 March.
Julie Dedman joins : The AIM -listed agri-business has hired Julie Dedman as a consultant and strategist.
Mortgage lending expected to rebound after pre-election drop: The mortgage market slowed in the run up to General Election according to figures released by the Council for Mortgage Lenders.
Workspace acquires Amnesty building in Clerkenwell for £17 million: Small business landlord Workspace has bought human rights charity Amnesty International’s offices in Clerkenwell for £16.55 million.
Renminbi takes lead in China’s trade with Asia: China’s currency is at last starting to make waves in international trade after years trailing behind the country’s economy in terms of global importance.
funds on track as Euroclear sale helps drive profits: Wealth Manager lived up to expectations by revealing a £2.6 billion rise in assets under management.
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