David King said: ‘This is a leverage and growth play it’s not a cost
reduction and synergy play. It will remain a stand-alone subsidiary.’
The commercial arm, which does not receive funds from the BBC licence fee
purse, bought a 75% stake in the leading travel information group for a reported
£100m this week. Founders Tony and Maureen Wheeler published their first book in
The BBC division had to bankroll the deal by dipping into its £350m debt
facility, which was renegotiated earlier this year with a syndicate of banks.
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The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
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