Bitesize Blighty: April 27, 2018
- This week we welcomed a new royal baby! Newspapers across the UK have been covering the birth of Louis Arthur Charles throughout the week. The new royal baby boy arrived with the perfect patriotic credentials, having been born on St George's Day. On Tuesday, the Duke and Duchess of Cambridge proudly showed off their little prince on the steps of the hospital and on Friday they announced the baby's name.
- It’s been a terrible week for TSB customers. In the words of Nicky Morgan, chair of the Treasury Select Committee, writing to the bank to demand an explanation of its disastrous computer system failure, “it simply isn’t good enough”. Behind this particular scandal lies a far wider problem. And also an opportunity. Because for those willing to switch to a smaller provider, today’s market is packed with innovative banking options that offer improved terms. Smart consumers seeking the best place for their money should consider them seriously.
- TV giant Comcast has made a formal £22bn bid for Sky that values the UK broadcaster at £12.50 a share. The move threatens Rupert Murdoch's attempts to take full control of the pay-TV group. Sky said it was withdrawing its recommendation for the Fox bid following Comcast's move. Sky shares closed 3.4% higher at £13.59 - more than £1 above Comcast's offer, suggesting a bidding war for control of Sky could erupt. Watch this space (no pun-intended)!