The Barclay family has been urging Lloyds Banking Group to adjourn a court hearing in the British Virgin Islands that could liquidate a key holding company, Sky News learns.
The formal sales of the Telegraph Media Group and the Spectator began this morning despite attempts by the Barclay family to regain control of the businesses.Ll
The Barclay family has enlisted financial backing from Abu Dhabi investors to lodge a £1bn offer that they hope will derail an auction of the newspapers, Sky News learns.
German media giant Axel Springer roars into £600m Telegraph auction coastfm.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from coastfm.co.uk Daily Mail and Mail on Sunday newspapers.
David Montgomery’s National World is lining up Cavendish Capital Markets and Peel Hunt to muster the firepower for a £600m takeover bid, Sky News learns.