Today's letter from the Editor
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The Business Matrix: Monday 6 May 2013
Sainsbury’s buys out its bank
Supermarket giant Sainsbury’s is tipped to take full control of its banking business as City sources suggest it will buy up Lloyds Banking Group’s 50 per cent stake in the joint venture. Sainsbury’s boss Justin King is set to make the announcement alongside an eighth consecutive year of rising sales.
Buffett offers no clues on successor
Warren Buffett has insisted that the board of Berkshire Hathaway, the mega-conglomerate he has led since the 1960s, is “solidly in agreement” over his successor. But he gave thousands of shareholders who assembled for the company’s annual meeting at the weekend no clues as to who the next boss would be.
Donald Trump golf course for Dubai
American billionaire mogul Donald Trump has teamed up with DAMAC Properties, which bills itself as the largest private developer of luxury real estate in the Middle East, to develop an 18-hole PGA Championship Golf Course in Dubai. The Trump Organization already has 14 courses under its management across the world.
- 1 Howard Jacobson: Let's see the 'criticism' of Israel for what it really is
- 3 Belgium fan Axelle Despiegelaere lands L'Oreal campaign after World Cup viral photo
- 4 Britney Spears sings 'Alien' without Auto-Tune in embarrassingly brilliant leaked audio clip
- 5 PornHub begs users to stop uploading video clips of Brazil getting beaten 7-1