Rightmove made the wrong move, says Murdoch’s News Corp Property Rupert Murdoch’s News Corp has applauded REA’s decision to abandon a takeover of Rightmove after the property platform rejected its fourth offer. In a statement today, Robert Thomson, chief executive of News Corp, said he “strongly supported” the property group’s “financial discipline” in pulling out of the bid, and added that it was an example [...]
Park Plaza Hotel owner refinances £150m in debt Business PPHE Hotel Group, the owners of Park Plaza Hotel and Holmes Hotel, has refinanced more than £150m in debt. The debt, which covers all six of its Dutch hotels, as well as debt from Holmes Hotel in London, comes from an existing loan with Aareal Bank. The original loan with Aareal was established in 2016, [...]
