The British pound has dropped below $1.14 for the first time since 1985 as a combination of dollar strength and recession warnings weighed on the U.K.’s currency. Sterling fell as low as $1.135 at 8:50 a.m. London before rising slightly to $1.1378, marking a fresh 37-year low. It followed the …
Read More »Sunday newspaper round-up: Ted Baker, Shanghai, Just Eat Takeaway
Ted Baker‘s suitor from the other side of the Pond could step away from its bid for the fashion group. Authentic Brands had been negotiating an acquisition for £1.50 a share. Jut last week Ted Baker had said it was in talks with a ‘preferred counter-party’. But now the US …
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