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LSE merger with Deutsche Boerse 'highly unlikely' to complete
The London Stock Exchange Group said its proposed merger with Deutsche Börse is unlikely to be approved by the European Commission, after competition regulators came up with "unexpected" demands last week.
Sunday share tips: Capita, Town Centre Securities
A "dizzying" acquisition spree since 2006 at Capita saw revenues more than double, but left behind a balance sheet so complex that the firm would need to go much farther to convince investors it was now on the right path than just promising a 'simpler Capita', The Times's Tempus said.
US close: Late boost from retailers sends Dow higher for 11th straight session
An end of day spurt of buying saw retailers' shares jump, sending the Dow Jones Industrials higher for an 11th straight session and contributing to a fifth straight weekly gain for the S&P 500 amid historically-low levels of volatility.
Sunday newspaper round-up: Warren Buffett, Unilever, Spanish homes
Billionaire Warren Buffett has denounced “Wall Streeters” for charging “high fees” and urged ordinary investors to buy low-cost index funds. In his famed annual letter to Berkshire Hathaway shareholders, the Oracle of Omaha said: “When trillions of dollars are managed by Wall Streeters charging high fees, it will usually be the managers who reap outsized profits, not the clients. “Both large and small investors should stick with low-cost index funds. ” - The Sunday Telegraph.