Telegraph sale poised to go ahead after Lords foreign ownership vote

Consortium led by RedBird Capital in line to buy group for £500m, in deal that would result in UAE retaining 15% stakeThe sale of the Telegraph looks set to finally go through after government legislation to allow foreign states to own up to 15% in British newspapers survived a potentially fatal vote in the House of Lords.Gerry Cardinale’s RedBird Capital is leading a consortium looking to buy the Telegraph for £500m, in a deal that would result in the United Arab Emirates retaining a stake of 15%. Continue reading...

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FTSE 100 Live 23 July: Index set for new record, Nikkei surges on trade deal

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