The FTSE 100 is flat in early trading. Among the companies with reports and trading updates today are Avon Protection, Crest Nicholson and Ashmore. Read the Friday 13 October Business Live blog below.
> If you are using our app or a third-party site click here to read Business Live
ALEX BRUMMER: Jes Staley leaves Barclays stain
Jes Staley deserves to be punished for misleading the Barclays board and the City enforcer the Financial Conduct Authority (FCA) over his relationship with sex offender Jeffrey Epstein.
As well as being hit with a £1.8m fine and banned from taking a senior role in financial services, he is forfeiting £17.8m in deferred pay on hold at the bank.
Skincare boom adds shine to sales at Boots
Microsoft takeover of Activision Blizzard cleared
Britain’s competition regulator has finally cleared Microsoft’s $69billion acquisition of ‘Call of Duty’ maker Activision Blizzard after the restructured deal substantially addressed its earlier concerns.
Activision had in August agreed to sell its streaming rights to Ubisoft Entertainment, and Microsoft last month offered remedies to ensure the terms of the sale were enforceable by the regulator, soothing some residual concerns.
‘The new deal will stop Microsoft from locking up competition in cloud gaming as this market takes off, preserving competitive prices and services for UK cloud gaming customers,’ the UK’s Competition and Markets Authority said.
Content source – www.soundhealthandlastingwealth.com
