News Corporation, the media group headed by Rupert Murdoch, confirmed this morning that it had made an offer to take full control of BSkyB, the satellite broadcaster in which it has a 39 per cent stake.
China is considering a wealth tax on homeowners as it grasps at new weapons to halt a frantic rise in property prices that many fear poses the biggest threat to the Chinese economy.
Traditional media, from television to newspapers, is pinning its hopes for a recovery in advertising on mobile devices such as the iPad and on the spread of high-speed broadband.
Banks are making hundreds of millions of pounds a year and pushing up prices on the high street by levying “unjustifiably high” fees on credit and debit card sales, retailers will say today.
The economy, more damaged by the banking crisis than previously admitted, will grow more weakly and may never fully recover, the new Office for Budget Responsibility (OBR) said yesterday.
Clive Cowdery’s Resolution is close to securing a ground-breaking deal to slash investment bank underwriting fees on a rights issue to fund a £2.75 billion acquisition of Axa’s UK life business.