
London Home Prices Cut to Lure Tax-Hit Buyers, Rightmove Says
The average price sought fell 0.9% to £695,414, according to a report by property website Rightmove published Monday. Sellers in the UK capital and other pricey regions are offering discounts to offset the impact of April's increase in transaction costs.
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Yahoo
25 minutes ago
- Yahoo
New Telegraph owner RedBird to turn page with Whitehall filing
The putative owners of The Daily Telegraph will take another step towards gaining control of the right-wing newspaper in the coming days when they formally notify Whitehall of their plans. Sky News has learnt that lawyers acting for RedBird Capital Partners, the US-based investor which will own a majority stake in the publisher if the deal is approved, could set out the company's proposals in a filing with the Department for Culture, Media and Sport (DCMS) as soon as this week. The move would represent another step towards concluding the 27-month hiatus over the Telegraph's ownership - a period which began with Lloyds Banking Group forcing the newspaper's parent company into insolvency proceedings over outstanding loans owed by the Barclay family. Sources said that the notification by RedBird Capital's lawyers would pave the way for the lifting of an interim enforcement order (IEO) imposed by Lucy Frazer, the then Conservative culture secretary, in December 2023, which prevented the acquirers from exerting any control over the Telegraph. The removal of the IEO is likely to result in the DCMS issuing a new public interest intervention notice (PIIN), which would prompt investigations by Ofcom and the Competition and Markets Authority into the £500m takeover. Last month, the House of Lords approved legislation to allow a UAE state-backed investor - IMI - to acquire a stake of up to 15% in the Telegraph as part of the RedBird deal. The takeover had originally been conceived as a joint endeavour between RedBird and IMI but was thwarted by political opposition to foreign state ownership of national newspapers. IMI is controlled by Sheikh Mansour bin Zayed Al Nahyan, the vice-president of the United Arab Emirates and ultimate owner of Manchester City Football Club. Other bidders tried to gatecrash the deal, with the field of rival contenders led by Dovid Efune, the owner of The New York Sun. Last month, his key backer - the hedge fund founder Jeremy Hosking - told Sky News their bid was "ready to go" if the RedBird-led transaction fell apart. Announcing its agreement to acquire the Daily and Sunday Telegraph titles in May, Gerry Cardinale, founder of RedBird Capital, said it marked the "start of a new era" for two of Britain's most prominent newspapers. However, it is nearly a month since the Lords voted to approve the legislation allowing IMI to own a minority stake, a verdict which prompted Mr Cardinale to say: "With legislation now in place, we will move quickly and in the forthcoming days work with DCMS to progress to completion and implement new ownership for The Telegraph." Sources said the formal notification to Whitehall could come as soon as this week but could yet be delayed further. Senior Telegraph executives and journalists are said to be frustrated at the latest phase of the process. Sky News has already revealed that Sir Leonard Blavatnik, owner of the DAZN sports streaming platform, and Daily Mail proprietor Lord Rothermere are preparing to buy minority stakes as part of the RedBird-led transaction. RedBird said in May that it was "in discussions with select UK-based minority investors with print media expertise and strong commitment to upholding the editorial values of the Telegraph". The Telegraph titles' parent company was forced into insolvency proceedings in 2023 by Lloyds, which ran out of patience with the Barclay family, their long-standing owner. RedBird IMI, a joint venture between the two firms, paid £600m several months later to acquire a call option that was intended to convert into ownership of the Telegraph newspapers and The Spectator magazine. The Spectator was sold last year for £100m to Sir Paul Marshall, the hedge fund billionaire, who has installed Lord Gove, the former cabinet minister, as its editor. None of the parties involved in the Telegraph ownership situation
Yahoo
25 minutes ago
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Vaisala Corporation: Share Repurchase 19.8.2025
VAISALA CORPORATION STOCK EXCHANGE RELEASE 19.8.2025 Vaisala Corporation: Share Repurchase 19.8.2025 In the Helsinki Stock Exchange Trade date 19.8.2025 Bourse trade Buy Share VAIAS Amount 400 Shares Average price/ share 47,0000 EUR Total cost 18 800,00 EUR Vaisala Corporation now holds a total of 140 484 shares including the shares repurchased on 19.8.2025 The share buybacks are executed in compliance with Regulation No. 596/2014 of the European Parliament and Council (MAR) Article 5 and the Commission Delegated Regulation (EU) 2016/1052. On behalf of Vaisala Corporation Nordea Bank Oyj Sami Huttunen Ilari Isomäki More information:Niina Ala-Luopa+358 400 728 957, ir@ Distribution:Nasdaq HelsinkiKey Vaisala is a global leader in measurement instruments and intelligence for climate action. We equip our customers with devices and data to improve resource efficiency, drive energy transition, and care for the safety and well-being of people and societies worldwide. With almost 90 years of innovation and expertise, we employ a team of close to 2,500 experts committed to taking every measure for the planet. Vaisala series A shares are listed on the Nasdaq Helsinki stock exchange. Vaisala 19.8 tradesSign in to access your portfolio


Bloomberg
27 minutes ago
- Bloomberg
US Troops in Ukraine Difficult in Practice: Paggi
Livia Paggi, Managing Director at JS Held Strategy and Risk Advisory, discusses the next possible steps following talks at the White House with Ukraine's Zelenskiy and European allies. She speaks to Bloomberg's Guy Johnson and Anna Edwards on 'The Opening Trade.' (Source: Bloomberg)