DAILY LETTERS: House of Fraser is & # 39; forced to close its warehouses again & # 39;

House of Fraser is reportedly forced to close his warehouses in a continuous dispute with his distributor XPO Logistics

DAILY LETTERS: House of Fraser is & # 39; forced to close its warehouses again in the midst of the ongoing dispute with its distributor & # 39;

City & Finance Reporter for the Daily Mail

House of Fraser is reportedly forced to close his warehouses in a continuous dispute with his distributor XPO Logistics

House of Fraser is reportedly forced to close his warehouses in a continuous dispute with his distributor XPO Logistics

WAREHOUSE WISHES Wrestling department store chain House of Fraser is forced to close its warehouses again in the midst of a constant conflict with its distribution network XPO Logistics, according to the magazine Drapers.

It follows nine days of closure last month after Sports Direct House or Fraser bought £ 90 million.

TELECOMEN TIE-UP Telecoms group Vodafone has completed the merger between its Indian unit and rival domestic airline Idea Cellular in an attempt to create the largest telecom operator in the South Asian country.

The deal was first approved in March 2017, but has only been approved by regulatory authorities.

The combined company is renamed Vodafone Idea and remains listed on the Indian stock exchange and is jointly controlled by Vodafone and Aditya Birla Group, the owner of Idea.

MUSIC MONEY Music and video group One Media IP Group, supported by the former bosses Lord Grade and Ivan Dunleavy of Pinewood Studios, raised £ 9 million from investors to finance acquisitions.

The company plans to buy music publishing rights, artist recordings and the rights of songwriters with the money, to take advantage of the growth in music streaming services.

DIVI PAYMENT Shareholders of John Laing Infrastructure Fund receive a dividend of £ 35.4 million for the six months up to and including 30 June.

SORRELL DEAL Listed shell manufacturer Derriston Capital publishes details of his deal with Sir Martin Sorrell's S4 Capital this month.

SHARE SALE Tim Fallowfield, 54, Sainsbury's business secretary, raised £ 82,822 for the sale of 25,000 shares in the supermarket chain.

AI FLOAT Technology company Renalytix AI, which uses artificial intelligence to analyze data and treat kidney disease, will start at the AIM on the London market with a value between £ 43 million and £ 55 million.

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