Business

Thursday 27 April 2017

Billionaire dealmaker Dermot Desmond expects the bulk of Ladbrokes shareholders to agree to the gambling firm's under-fire €2.85bn merger deal with rival Gala Coral, despite his vehement opposition to the deal.

Billionaire dealmaker Dermot Desmond expects the bulk of Ladbrokes shareholders to agree to the gambling firm's under-fire €2.85bn merger deal with rival Gala Coral, despite his vehement opposition to the deal.

The financier will travel to London to address Ladbrokes shareholders at a meeting to approve the deal on Tuesday.

"We are uncomfortable with the transaction. We think it is a deal that should not happen," a spokesman for Desmond's investment group IIU told the newspaper.

"We don't expect to overturn the vote on Tuesday, but we want to raise the level of discourse with shareholders."

Sunday Telegraph

Britain's biggest mobile operator EE is mulling the introduction of technology that would allow smartphone users to control the amount of online ads they see.

The move has sent shockwaves through the £2bn mobile ads market.

Chief executive Olaf Swantee told the newspaper that the company thinks it's important for customers to be offered more choice and control over mobile ads. He said the move was not about ad blocking, but was rather about starting a debate.

Sunday Times

Deutsche Bank is planning to cut 1,000 jobs in London next year.

The measures are part of an overhaul announced by the bank in October, the newspaper said.

Deutsche Bank plans to shrink its headcount by 9,000 by 2018. Its co-chief executive John Cryan wants to cut the size of its investment bank, which has a large presence in London.

Irish Independent

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