Market Pulse
KKR eyeing possible bid for Entertainment One, ITV ponders higher offer
Entertainment One had caught the eye of US private equity outfit KKR, which is considering a bid, Bloomberg reported citing people familiar with the matter.
Sunday newspaper round-up: Brexit in 2019, bank regulation, ITV, William Hill
Britain could remain in the EU until late 2019, almost a year later than predicted, ministers have privately warned senior figures in the City of London. Theresa May has been expected to enact article 50 in January, setting in train the formal two years of negotiations before Brexit, but despite political pressure to stick to that timetable, she may be forced to delay because her new Brexit and international trade departments will not be ready, City sources told the Sunday Times.
Sunday share tips: Balfour Beatty, Smart Metering Systems
Buy Balfour Beatty shares, was the view in the Sunday Times' Inside the City column. Chief executive Leo Quinn, appointed last year to turn things around at the infrastructure group like he had done at Qinetiq and De La Rue, still has a tough job on his hands as the construction industry was this month confirmed as being in recession. Moreover, the company is still contracted into many unprofitable contracts.