(MENAFN- ProactiveInvestors - UK) National leaders and media across Europe mobilised on Monday to persuade British voters to remain in the EU, reports the FT.
Hungary''s prime minister Viktor Orban took out a full-page ad in Monday''s Daily Mail urging Britons to choose ''Remain''.
"I would like you to know that Hungary is proud to stand with you as a member of the European Union,'' it said.
Meanwhile, the pound enjoyed its best day since the height of the global financial crisis after weekend referendum polls indicated a swing to the Remain camp, the Telegraph reported.
Traders pounced on sterling as risk appetite returned to global markets causing it to surge 2.44% to a three-week high against the dollar at 1.4708- its biggest one-day jump since December 2008.
George Soros, writing in the Guardian, said a Brexit vote would spark a ''black Friday'' for the UK, but the devaluation of sterling would bring none of the benefits to the economy that it enjoyed after it dropped out of the ERM on 16 September 1992 Black Wednesday.
Dido Harding, the chief executive of TalkTalk has donated her annual 220,000 bonus to charity after the telecoms group suffered one of the most high-profile cyber attacks in UK corporate history but her total pay nearly tripled to 2.8m last year, reports the FT.
Twitter has acquired Magic Pony, a London-based machine learning start-up, as the messaging platform tries to bolster its video and live streaming capabilities.
Magic Pony specialises in creating algorithms that can understand pictures. The start-up was acquired for US$150m, according to the report in the FT.
Golf group Acushnet which owns the Titlest, Footjoy and Scotty Cameron brands is planning to go public and list on the US markets under the ticker ''golf''.
There is speculation that the company''s domination of top tier golf products could mean it is worth US$2bn. Five years ago the business was sold by Fortune Brands to Fila Korea and Mirae Private Equity for US$1.23bn, the Telegraph writes.
The amount Sir Philip Green proposed to inject into the deficit-plagued BHS pension fund was slashed during negotiations to sell the department store group last year, MPs claimed, reports the Times.
Documents released yesterday by the joint parliamentary panel investigating the affair showed that Sir Philip at one point had been expected to offer an upfront ''50mln war chest'' in cash to help lubricate the deal.
Shares in Circassia Pharmaceuticals, the biotech company in which Neil Woodford has a 19.1% stake, lost two thirds of their value after the apparent failure of a trial for a product to combat allergies to cats, reports the Times.
Britain''s biggest fee-free mortgage broker is lining up a 300million sale or stock market flotation despite the prospect of Brexit.
London and Country Mortgages has appointed advisors to explore its options in what could result in a bumper pay day for its chairman Michael Edge who owns 70% of London and Country meaning he would be in line for a 210million windfall if the company was valued at 300mln, the Mail reports.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.