Lingfield College Business

Cuts across different topics, but which do you think is the main driver? Fiat Chrysler and Peugeot in $50bn merger talks A merged company would be worth about $50bn (£39bn)     Michael O'Dwyer     Alan Tovey ,  industry editor 30 OCTOBER 2019 • 7:39AM Fiat Chrysler has confirmed talks with Vauxhall owner PSA Group over a   tie-up   that would create one of the world’s biggest carmakers.  The Italian-American company said on Wednesday that "ongoing discussions" were underway with PSA, the Peugeot owner, but did not give further details. The French company made a similar statement.  A merger would create Europe’s second-biggest car company after VW Group worth about $50bn (£39bn). The talks come just months after Fiat’s efforts to merge with PSA’s French rival Renault   fell apart   following resistance from the French government, which owns a stake in Renault. The t...

JUST EAT The Tencent bet that turned into billions A big gamble on China changed the game for company behind hostile takeover Ben Martin,  Dominic Walsh October 23 2019, 12:01am,  The Times Food and drink Asia China Energy Naspers invested $34 million in the Chinese internet messaging company Tencent 18 years ago. Its market value has swelled to about $400 billion and Naspers, still owns 31 per cent INTERNET Tencent was an obscure Chinese internet messaging company when Koos Bekker took a $34 million punt on the business 18 years ago. At the time Mr Bekker was chief executive of Naspers, a South African media business and newspaper publisher known for its nationalist stance in the apartheid era. But that bet, which handed Naspers a 46.5 per cent stake in Tencent, would change everything.  It made a billionaire of Mr Bekker, 66, who remains Naspers’ chairman, and helped to transform the Cape Town-based company into the sprawling, intern...

Think about competition, new markets, organic & inorganic growth, plus innovation and efficiency: Wm Morrison has accelerated its push into online by deepening its ties with Amazon and sealing a tie-up with Deliveroo to launch a hot-food delivery service this month. David Potts, chief executive of Morrisons, told   The Times  in his first interview since he took the job, that its “Morrisons at Amazon” service, which offers one-hour deliveries, was in eight cities and would be in twenty by the end of the year. The Morrisons boss also revealed that the supermarkets group would open a store in Canning Town in east London at the end of the month with a new Market Kitchen service, so that hot food could be delivered to local customers through Deliveroo. He said that the ultra-fast service had proved popular with customers. The arrangement was possible after Morrisons renegotiated its contract with Ocado, in the wake of a fire at its warehouse in Andover, Hampshire, in F...