HomeBusinessBUSINESS LIVE: Vodaphone on course; £2.1bn Playtech takeover in doubt

BUSINESS LIVE: Vodaphone on course; £2.1bn Playtech takeover in doubt


BUSINESS LIVE: Vodaphone on course; £2.1bn Playtech takeover in doubt ahead of vote; Day of shame for Rio Tinto


Vodafone is on track to meet its full-year guidance after reporting a 2.7 per cent rise in third-quarter group service revenue, with growth in both Europe and Africa.

The company, which has activist Cevian Capital as a new investor, said it was ‘committed to creating value for our shareholders through proactive portfolio actions and continuing to improve returns at pace’.

The £2.1billion acquisition of Playtech by Australian gambling giant Aristocrat Leisure is in doubt after the British firm warned that proxy votes already received ahead of today’s shareholder vote on the deal indicate that the minimum 75 per cent threshold needed to approve the takeover is unlikely to be met.

Playtech has been the target of a bidding war between Aristocrat and Eddie Jordan’s JKO Play Limited, which dropped out of the race for the gambling software firm last month.

Sexual harassment, bullying and racism are rife at Anglo-Australian mining giant Rio Tinto, a blistering new report has revealed.

An independent inquiry has found that 21 women working for Rio Tinto have reported rape, attempted rape or sex assault in the past five years.

>If you are using our app or a third-party site click here to read Business Live 

If the minimum 75% threshold for shareholder support is not met after today’s vote, the acquisition of Playtech by Aristocrat will not proceed

Advertisement





Source link

Must Read