From breakingviews: Caesars’ bid for UK betting firm William Hill renders a bidding war less likely. Also: Commerz CEO, China cars
A sign for an ATM of Commerzbank is seen next to the headquarters of Deutsche Bank in Frankfurt, Germany, March 19, 2019.MANFRED THE MAN. Running Commerzbank is one of the least enviable jobs in banking. Yet the 5 billion euro group’s incomingChief Executive Manfred Knof at least has experience of working at a bloated, dysfunctional German lender – he joins from Deutsche Bank, where he ran the domestic retail operations.
RED OR BLACK. Lockdowns this year emptied out William Hill’s betting shops, and pushed punters onto the UK bookie’s smartphone app. Many appear to have also piled into the company’s stock on Friday. Shares rose about 43% after it disclosed
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