DAILY BRIEFING: Disgraced former Barclays boss Bob Diamond is buying a Greek bank
Bob Diamond is buying Credicom, the Greek consumer finance arm of Crédit Agricole
DIAMOND SWOOPS Former Barclays boss Bob Diamond is buying a bank in Greece as he seeks to expand his investment business Atlas Mara.
Diamond – who quit his old job over the Libor rate-rigging scandal – is snapping up Credicom, the Greek consumer finance arm of Crédit Agricole.
He has teamed up with Greek financier Anthimos Thomopoulos to work on the deal.
BID ADJOURNED The High Court has adjourned a bid by BHS administrators to take control of Retail Acquisitions, the company Dominic Chappell used to extract millions of pounds from the dying store chain.
Duff & Phelps wants the firm wound up but a judge in London backed, after hearing from Chappell's lawyers, an adjournment for further evidence to be filed.
MERGER BLOCKED Regulators have knocked back Vodafone's proposed merger of its New Zealand arm with Sky Network Television.
The country's Commerce Commission said the £746.6million deal would create a monopoly on sports content.
LIDL GO-AHEAD A discount supermarket is to create up to 360 jobs at a regional distribution centre in North Lanarkshire. Lidl UK has won the go-ahead for the new centre at Eurocentral on the M8.
UNPAID OVERTIME Workers are putting in unpaid overtime, worth £33.6billion, with the problem especially acute among teachers and managers, a study shows.
Research found that 5.3m people worked an average of 7.7 extra hours a week unpaid.
INTU DIVI Shopping centre landlord Intu Properties has raised its dividend for the first time in ten years.
The company, which has a £10billion empire, including the Trafford Centre in Manchester, increased the payment by 2 per cent to 14p a share.
TANDEM DEPARTURE Start-up bank Tandem has lost its chief executive after less than two years in the job.
Former Barclays executive Peter Herbert, 61, has now retired and Ricky Knox has been appointed as the new boss.
LLOYDS SHARE The Government now owns just 3.9 per cent of Lloyds after a fresh sale of shares in the bailed-out bank, which is expected to be back in private hands by June.
Shares fell 0.2 per cent, or 0.15p to 69.55p.
JOBS WOE First Trust Bank is shutting half its branches in Northern Ireland with the loss of 130 jobs. It will have just 15 outlets.
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