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Challenger banks in talks about £1.6bn merger

Challenger banks in talks about £1.6bn merger

Business
By Mark Kleinman, City editor Two of Britain's biggest challenger banks are in advanced talks about an all-share merger that would create a lender worth ‎more than £1.6bn.Sky News has learnt that OneSavings Bank and Charter Court Financial Services Group have been holding on-off discussions about a deal ‎for months. The talks are now said to be at an advanced stage, with an announcement confirming the merger possible within the next fortnight.However, one source close to the deal said it could still fall apart.Under the proposed terms of the agreement, OneSavings, which has a market value of just over £900m, would use its paper to make an offer for Charter Court, which is valued at about £730m. A source said the deal woul...
M&S and Ocado shares leap on joint venture talks

M&S and Ocado shares leap on joint venture talks

Business
By James Sillars, business reporter Shares in both Ocado and Marks and Spencer (M&S) have risen sharply following confirmation of talks on a joint venture.Both companies released statements to the City moments after the Evening Standard newspaper reported that a deal was imminent. Ocado said: "Following media speculation, Ocado Group plc confirms that it is in discussions with Marks and Spencer Group Plc regarding a joint venture in UK retail."There is no certainty that these discussions will result in any agreement or as to the timing of any such agreement." Image: Waitrose is Ocado's current delivery partner The announcement from M&S contained no further details. Its shares were initially 4% u...
Brendan Rodgers: Celtic boss set to join Leicester after permission for talks

Brendan Rodgers: Celtic boss set to join Leicester after permission for talks

Sports
Brendan Rodgers is expected to become Leicester City's manager after Celtic gave him permission to speak to the Premier League club.The Foxes are keen to install a successor to the sacked Claude Puel as soon as possible.First-team coach John Kennedy is set to take charge of Celtic for Wednesday's Scottish Premiership trip to Hearts. "Brendan has indicated that this is an opportunity he wishes to investigate further," Celtic said in a statement.Former Liverpool boss Rodgers cut short a BBC interview when asked about the Leicester vacancy after the champions' win over Motherwell on Sunday. They are eight points clear of nearest rivals Rangers in the league as they chase an eighth successive ti...
Liverpool news: Incredible concept kits as Reds commercial chiefs enter talks over new deal

Liverpool news: Incredible concept kits as Reds commercial chiefs enter talks over new deal

Sports
kitted out The last two kit deals with New Balance officially became the best-selling Liverpool kits of all time - but they could be willing to look elsewhere to brands such as Nike and Adidas? Liverpool’s last two kit deals with New Balance officially became their best-selling kits of all time. However, Anfield commercial chief Billy Hogan admitted the club could be willing to listen to offers from other brands. Livepool are set to start talks over a new kit deal He told The Drum: “We are in conversation with New Balance and we are in conversation with others as well. “The deal is an incredibly important partnership – not just for the financial support it delivers for the club but also from the distribution standpoint...