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Hot Off The Wires - 27 November 2019

News

  • Manchester City’s owner has agreed to sell a $500m stake to the California-based private equity firm Silver Lake.

  • Lloyds Banking Group is planning to slash the pay of its chief executive by more than £220,000 while spending £20m on pay rises for the rest of its staff.

  • Ikea has registered nearly 10% fall in profits as the world’s largest furniture retailer stepped up its spending on renewable energy and its growing online operation.

  • The Mongolian government will give a go ahead to the expansion of Rio Tinto’s Gobi Desert copper mine, but it will seek to “improve” the terms of the agreement behind the delayed project.



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