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CVR - Conviviality News Story

101.2p 0.0  0.0%

Last Trade - 13/03/18

Consumer Defensives
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £1.63bn
Position in Universe th / 1834

PRESS DIGEST- British Business - May 1

Tue 1st May, 2018 1:23am
May 1 (Reuters) - The following are the top stories on the
business pages of British newspapers. Reuters has not verified
these stories and does not vouch for their accuracy.
    The Times
    The founder of Shire Plc  SHP.L , Harry Stratford, has come
out in support of a proposed takeover by Japanese rival, saying
that a 46 billion pound proposal from Takeda Pharmaceutical Co
 4502.T  represented a "fair price".
    A jury in San Francisco convicted former CFO of Autonomy
Sushovan Hussain of using accounting tricks to flatter the
company's finances before it was bought by Hewlett-Packard
 HPE.N .
    The Guardian
    WPP  WPP.L  is to sell stakes worth billions of pounds that
it holds in a wide range of companies, as the world's largest
advertising group looks to refocus after the departure of
founder Sir Martin Sorrell.
    A 400-million-pound ($550.64-million) government plan to
build electric car charging points looks likely to be
significantly delayed, in a blow to car manufacturers and
efforts to tackle air pollution in UK cities.
    The Telegraph
    The former BT finance chief who failed to uncover massive
fraud in the company's Italian unit will be stripped of bonuses
worth more than half a million pounds.
    Collapsed retailer Conviviality  CVRC.L  rejected an
11th-hour rescue deal from Aim-listed activist investor Crystal
Amber that would have secured the final 18 million pounds needed
to save the Bargain Booze owner, an investor has revealed.
    Sky News
    TSB Bank Plc, which is still getting to grips with gremlins
in its systems as a result of IT work just over a week ago,
warned customers that fraudsters were trying to trick them into
handing over PIN numbers and passwords.
    The former boss of the AA  AAAA.L  concealed his involvement
in a street brawl with a member of the public to prevent the
loss of lucrative bonuses, according to a legal document filed
by the breakdown recovery service.
    The Independent
    AccorHotels is paying 560 million Swiss francs ($565.26
million) in cash to acquire Moevenpick Hotels & Resorts, in a
move which strengthens the buyer's upmarket portfolio.
($1 = 0.7264 pounds)

($1 = 0.9907 Swiss francs)

 (Compiled by Bengaluru newsroom; 
Editing by Sandra Maler)
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