Industry News

Amaya to create a pounds sterling 4.5- billion global gambling giant. Confirming that talks are underway this weekend, William Hill said the deal would create a' clear international leader' in online gaming. It could happen within weeks and would be structured as a reverse takeover of William Hill."/>
William Hill in pounds sterling 4.5-bn talks to merge with online giant [Financial Mail on Sunday, London]
The big squeeze [Financial Mail on Sunday, London]
PacWest Bancorp. PacWest Bancorp announced that Donald Destino was appointed as executive vice president, investor relations and corporate development. In this new role, Destino will focus on enhancing PacWest's investor relations program and evaluating opportunities to generate improved financial results and increase shareholder value, according to a news release."/>
Energy Pipeline: News Briefs [Greeley Tribune, Colo.]
Citigroup does not expect the financial terms of the transaction to be material to its earnings."/>
Citi Announces Sale of Consumer Business in Argentina to Banco Santander Rio
Daily Mail, London, Alex Brummer column [Daily Mail, London]
SPORTS Direct warned of a pounds sterling 35 m profit hit from a flash crash in the pound– prompting Chancellor Philip Hammond to call for calm on the currency markets. Sterling collapsed 9 pc against the dollar in seconds shortly after midnight yesterday, falling under $1.15 before immediately bouncing back up. Robot traders are thought to be behind the unprecedented plunge."/>
The pound flash crash cost Sports Direct pounds sterling 35M [Daily Mail, London]
Daily Mail, London, market report column [Daily Mail, London]
SVG Capital. The firm only has 36.2 pc support after being outbid by Goldman Sachs and the Canada Pension Plan Investment Board, who are offering pounds sterling 1.1 bn. HarbourVest has given investors in SVG until 1 pm on Thursday to accept its proposal."/>
Daily Mail, London, business briefs column [Daily Mail, London]
Rural Electrification Corp. and Power Finance Corp. will work out a revival package for small hydel projects which are stalled, Union minister for power Piyush Goyal told reporters after a two-day meeting of state power and mines ministers in Vadodara. The bailout scheme will provide the required capital to take the stalled projects to completion if they meet certain criteria of viability. "Many small hydel projects are stalled for..."/>
REC, PFC to aid revival of small hydel projects: Piyush Goyal [Mint, New Delhi]
Citigroup does not expect the financial terms of the transaction to be material to its earnings."/>
Citi Announces Sale of Consumer Business in Brazil to Itaú Unibanco
Moody's Investor Service rated Toledo "A2 with a stable outlook" and Standard& Poor's granted an "A-" rating with a stable outlook. Standard& Poor's report to the city said its rating reflected the firm's assessment of things such as "the city's management as strong, with good financial policies and practices.""/>
Toledo maintains solid bond ratings from Moody's, S&P [The Blade, Toledo, Ohio]

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