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US Purchase Haunts Reckitt
Reckitt Benckiser’s purchase of baby-milk maker Mead Johnson Nutrition in 2017 was an “absolute howler”, says Alistair Osborne in The Times. Mead’s value was written down by £8.5bn shortly afterwards, with much of the business then sold off. However,
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Chinese Tycoon Accused Of Largest Fraud In History
It’s been a “spectacular fall from grace” for Evergrande, the property giant at the heart of China’s ongoing property crisis, says Lionel Lim in Fortune. Founded in 1996, Evergrande grew as China’s economy boomed and more Chinese turned to real estat
MoneyWeek3 min read
Trump’s Enabler Takes On The Tories
When former CNN boss Jeff Zucker swooped in with an audacious Abu Dhabi-backed bid for the Telegraph Media Group last September, he appeared “confident he would emerge a winner”, says the Financial Times. And why not? Zucker’s RedBird IMI vehicle pro

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