Thursday newspaper round-up: Broadcom, Thomas Cook, Bank of England

By

Sharecast News | 28 May, 2015

Updated : 07:41

According to The Wall Street Journal, chipmaker Broadcom is in "advanced talks" to be taken over by peer Avago Technologies in a deal worth $35m.

Thomas Cook's former boss Harriet Green, who left the travel group in November, is to donate one third of her multimillion-pound share payout to a charity chosen by the parents of two children who died in a holiday resort in Corfu, The Times said.

The Bank of England's former chief currency dealer, Martin Mallett, had reportedly been sent emails that "played a key role in the rigging of lending rates between banks", writes The Guardian.

McDonald's is to stop reporting monthly sales figures from July as the fast-food chain continues its turnaround, writes The Wall Street Journal.

US Treasury Secretary Jack Lew has said that a "blow-up" of the Greek debt crisis could cause financial reverberations across the world, writes The Times.

Stocks in Japan were on track to notch their longest winning streak since the 1980s on Thursday as the yen fell to its lowest against the dollar since 2002, writes the Financial Times. The Nikkei was rising for the 10th straight day.

Moves by Samsung to increase heir apparent Jay Y Lee's stake in the group "underscore corporate-governance concerns that critics say continue to plague South Korea", writes The Wall Street Journal.

Tesco has been relegated out of the top 100 brand value league, according to research agency Millward Brown, following a tough year, The Guardian reports. It was ranked as the 17th most valuable global brand just five years ago.

"Norway’s $916bn oil fund will consider pulling billions of dollars of investments out of coal in a move that threatens European utilities using the fossil fuel to generate power," the Financial Times said.

Facebook has bought an eight-month-old British virtual reality start-up Surreal Vision, The Telegraph writes.

Last news