Latest News
18 Sep
Sunday newspaper round-up: PD Ports, OneWeb, Tax cuts
Australian investment outfit Macquarie is studying a possible £1bn bid for PD Ports, the logistics empire that includes the strike-plagued Felixstowe port in the south or Teesport in the northeast. An auction by PD 's owner, Canadian private equity firm Brookfield, was cancelled in November following a legal spat with the South Tees Development Corporation, which owns the land around Teesport. Bids at the auction had reached around £1. 3bn but the economic backdrop and performance of PD Ports had worsened since then.
18 Sep
US close: Major indices deliver losing week
Wall Street stocks closed lower on Friday, with major indices recording a losing week.