You are here: Home - Investing -

Friday newspaper round-up: Vodafone, Aviva, Mark Carney…

Written by:
Verizon steps up pressure on Vodafone; Aviva to lay-off 2,000 staff; UK is a 'crisis economy', says Carney.

One of the biggest corporate deals in history edged closer yesterday after Verizon said that it was ‘extremely confident’ it could buy Vodafone‘s stake in North America’s largest mobile network without triggering a huge tax bill, The Times says. Vodafone owns a 45 per cent stake in Verizon Wireless.

According to The Independent, insurance group Aviva is to lay-off 2,000 staff over the next six months in an effort to cut costs and said that redundancy pay-offs would be less generous than they are currently. Trade unions called this a “callous and disgraceful act”.

Incoming Bank of England Governor Mark Carney has said that the UK is a “crisis economy” as he attempted to play down hopes that he would be coming to the rescue when he succeeds Mervyn King this summer, The Telegraph reports.

Vedanta Resources’ £1.1bn plan to mine bauxite on land deemed sacred by locals was dealt a big blow after India’s highest court said that tribal councils would be given the authority to give the go ahead or not, according to The Independent.

The Times says that Tim Breedon, the former chief executive officer of Legal & General, received £9.4m in pay, bonuses and share awards when he left last year despite the company making its first dividend cut in its history.

Rich Ricci, the head of Barclays‘ investment bank who yesterday announced his retirement, could still receives bonuses from deferred incentive schemes worth millions, writes The Guardian. This would add to the more than £70m in shares that he has received since 2010.

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.

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.

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

If you’ve been ‘furloughed’ by your company, here’s what it means…

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:
‘Look before you book’, says new campaign to stop holiday fraud

ABTA - The Travel Association has launched a campaign to warn the public about the dangers posed by holiday booking...