Saudi Aramco will soon be worth $2tn but it looks plainly overvalued | Nils Pratley

International investors doubting its true value are unlikely to be wowed by a stage-managed price inflationHere is a safe prediction: Saudi Aramco will soon formally be worth $2tn (£1.5tn), the valuation reputedly craved by the crown prince, Mohammed b…

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Daily Mail owner buys the i newspaper for £49.6m

DMGT will integrate some operations but appears to rule out editorial job cutsThe owner of the Daily Mail has bought the i newspaper and website for £49.6m as a new wave of media consolidation hits the UK national and regional newspaper market.Daily Ma…

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Amazon’s deal with Deliveroo examined by competition watchdog

CMA will decide if investment seriously lessens competition in UK food delivery marketBritish regulators have launched an inquiry into whether a large investment by Amazon into the online takeaway delivery company Deliveroo breached competition rules.T…

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JD Sports’ Footasylum takeover could be bad for shoppers, says CMA

Watchdog says it will carry out investigation if concerns over £90m deal are not addressedThe UK’s competition watchdog has said JD Sports’ £90m deal to buy its smaller rival Footasylum could result in higher prices and that it will carry out an invest…

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