Source: Sharecast
The US private equity firm RedBird Capital is confident of tabling a deal to take control of the Daily and Sunday Telegraph as soon as next month, in an attempt to end two years of “paralysis and unhappiness” at the 170-year-old titles. The firm’s founder, Gerry Cardinale, is personally involved in drafting a plan to either form a consortium or self-fund a takeover at Telegraph Media Group, the Guardian understands. – Guardian
Chinese fast-fashion giant Shein has increased prices for American shoppers by up to 377pc to help offset the hit from Donald Trump’s tariff war. The online shopping giant company, which sources most of its products from China, introduced sharp rises on an array of popular items ranging from makeup to women’s clothes for US customers on Friday in the wake of higher US import duties. – Telegraph
Investors are set to give their verdict on a prospective £2.7 billion takeover of Deliveroo by a larger American rival, which could net its founder more than £170 million despite the company losing more than half its value since its disastrous initial public offering. Shares in the FTSE 250 constituent will be in sharp focus when trading begins on Monday morning after Deliveroo’s board said it would be “minded to recommend” a takeover proposal from Door Dash, which valued the takeaway group at £2.7 billion, or 180p a share. – The Times
Homeowners aged 60 and over are sitting on a record £2.95 trillion worth of property, with 98 per cent of this mortgage-free, according to an analysis that lays bare the extent of the UK’s generational housing divide. The calculations, by the estate agency Savills, showed £2.89 trillion of mortgage-free property being held by over-60s who were residential homeowners and only £60 billion worth of mortgages, 2 per cent of the total value of their homes. – The Times