You are here: Home - Investing -

Friday newspaper round-up: BP, Sterling, Orange

Written by:
BP contractor admits it destroyed Gulf of Mexico evidence; sterling slumps against euro and dollar; Orange delays EE float in hope of better results.

Halliburton, the US contractor that worked for BP on the Deepwater Horizon oil rig, has confessed to destroying evidence relating to the explosion in 2010, The Telegraph unveiled.

Sterling fell against the dollar and the euro yesterday as traders bet the Bank of England will take further action to propel the economy to ‘escape velocity’. The Canadian will use the August inflation report to outline how he plans to use ‘forward guidance’ to convince businesses and households that interest rates will stay low for some time to come.

Analysts also refuse to rule out more quantitative easing despite all nine members of the monetary policy committee voting against another round three weeks ago, The Daily Mail writes.

Chief executive of Activision Blizzard, Bobby Kotick, is leading an $8.2bn investor buyout of most of Vivendi’s controlling stake in the world’s largest video games company. Interestingly, the group behind Call of Duty and World of Warcraft will use about $1.2bn in cash but roughly $4.6bn of debt (a large amount of leverage) to buy 429m shares from Vivendi, according to The Financial Times.

Simon Litherland, the new chief executive of Britvic, has insisted that the soft drinks company could put its past problems behind it and deliver sustainable long-term growth for shareholders, The Times said.

A potential float of Britain’s largest mobile telecoms network has been delayed until next year to give it time to improve its financial performance.
Orange, previously known as France Télécom, said that a listing of EE, which would be the largest in the British telecoms industry since the demerger of O2 from BT more than a decade ago, would not now take place until next year, according to The Times.

The British engineering group Invensys said it remains in takeover talks with France’s Schneider Electric and has made a “solid start” to the financial year, The Independent revealed.


Tag Box

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

The savings accounts paying the most interest

If one of your jobs this month is to get your finances in order, moving your savings to a higher paying deal i...

Everything you need to know about being furloughed

Few people had heard of ‘furlough’ before March 2020, but the coronavirus pandemic thrust the idea of bein...

Coronavirus and your finances: what help can you get in the second lockdown?

News and updates on everything to do with coronavirus and your personal finances.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
New online tool to help consumers report nuisance calls

Consumer group Which? has launched a new online tool to help consumers complain about nuisance calls and texts.