BBVA’s hostile bid for Sabadell is ‘unstoppable’, the chairman claims

Unlock the Editor’s Digest for free Roula Khalaf, editor-in-chief of the FT, selects her favorite stories in this weekly newsletter. The chairman of Spanish bank BBVA has declared that the hostile bid for rival Sabadell is “unstoppable” and will have little difficulty overcoming regulatory and political challenges. The biggest European banking deal of the year … Read more

Airport shouts ‘we are NOT Alton Towers’ as bid halts to reduce 2-hour queues

BIRMINGHAM Airport has refused to implement a queuing feature introduced by Alton Towers in a bid to tackle two-hour security lines. Just weeks after the 100ml hand baggage rules were abolished, crowds of holidaymakers gathered at the entrance to West Midlands airport. A queue at Birmingham Airport on June 19Credit: BPM Birmingham Airport, pictured here … Read more

South Africa’s MultiChoice is backing a $2.9 billion bid from France’s Canal+

Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. Africa’s largest pay-TV operator MultiChoice has recommended that shareholders accept a buyout offer from French streaming service Canal+, in a deal that values ​​the company at $2.9 billion. An independent board of the Johannesburg-listed group … Read more