Commercial news round-up: election, Weetabix, Green Investment Bank, Sky
updated on 20 April 2017
With the excesses of Easter behind you, it’s time to really commit to the task ahead: developing your commercial awareness and thus significantly improving your chances on the recruitment frontline. Start here with this week’s curated group of topical news stories:
- Reaction from the markets to the news that there is to be a snap general election on 8 June was immediate: the pound rose to its highest level in months, while share prices plummeted. Similar levels of volatility are expected to continue for weeks.
- Everyone’s favourite breakfast cereal Weetabix has been sold by its Chinese owner to a US consumer group, Post Holdings, for a cool £1.4 billion.
- The Green Investment Bank, owned by the UK government, is to be sold to Australia’s Macquarie Bank in a £2.3 billion deal. The deal has come in for criticism from the Labour, Lib Dem and Green parties, questioning Macquarie’s commitment to green energy.
- As its march towards world domination continues, Sky has entered into a £195 million co-production deal with HBO, as well as announcing plans to make a virtual reality series with David Attenborough and the Natural History Museum. Sky continues to be the subject of a £11.7 billion takeover bid from Rupert Murdoch's 21st Century Fox, although regulators have yet to approve the deal.
Be sure to check the News section every Thursday for this weekly commercial news round-up. Follow @LawCareersNetUK on Twitter and like us on Facebook for instant business news updates.
